NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS l NOTE 23           2013 R’000     2012 R’000   23. Taxation                   Current tax       215 075     178 917     Current year       214 899     175 969     Prior year adjustment       176     2 948     Deferred tax       (18 671)     3 678     Current year       (18 663)     2 640     Prior year adjustment       (8)     1 038     STC       —     11 480             196 404     194 075     Profit before tax       604 509     629 004     Tax at 28%       169 263     176 121     Income not subject to tax       (4 524)     (538)     Expenses not deductible for tax purposes       7 473     6 766     Capital gains       55     (11 050)     STC       —     11 480     Utilisation of previously unrecognised tax losses       (1 199)     (5 101)     Tax effect of assessed losses not recognised       11 841     6 965     Share of losses from associates       13 251     5 554     Prior year adjustment       168     3 986     Effect of different tax dispensations       76     (108)     Tax charge       196 404     194 075   NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS l NOTE 23