Download full circular PDF - Anglo American Platinum

20. SHARE CAPITAL2002 2003 2003 2002RmRmAuthorised400 000 000 400 000 000 Ordinary shares of 10 cents each 40.0 40.0Issued214 095 872 214 933 207 Ordinary shares of 10 cents each at 1 January 21.5 21.4837 335 460 360 Issued in terms of the Share Option Scheme –* 0.1214 933 207 215 393 567 Balance at 31 December 21.5 21.5*Less than R50 000.The unissued ordinary shares (excluding shares reserved for the Share Option Scheme) are under thecontrol of the Directors until the forthcoming Annual General Meeting.2003 2002RmRm21. DEFERRED TAXATIONDeferred taxation is attributable to temporary differences relating to:Deferred taxation liabilities 4 695.3 4 130.6Mining property, plant and equipment 4 668.8 4 115.1Other 26.5 15.5Deferred taxation assets (256.4) (260.6)Provision for leave pay (129.4) (118.4)Forward metal contracts designated as cash flow hedges (70.3) –Provision for post-retirement medical aid benefits (18.9) (48.3)Other (37.8) (93.9)Net position at 31 December 4 438.9 3 870.0The movement for the year in the Group’s net deferred taxationposition was as follows:Deferred taxation liabilitiesAt 1 January 4 130.6 2 911.4Income statement movement 564.7 1 219.2At 31 December 4 695.3 4 130.6Deferred taxation assetsAt 1 January (260.6) (349.1)Income statement movement 74.5 88.5Equity movement (Note 27) (70.3) –At 31 December (256.4) (260.6)Net position at 31 December 4 438.9 3 870.075