| The group does not recognise contingent liabilities in the statement of financial position
until future events indicate that it is probable that an outflow of resources will take place
and a reliable estimate can be made, at which time a provision is recognised. |
| |
2017
Rm |
|
|
2016
Rm |
|
| Contingent liabilities |
9 847 |
|
|
8 127 |
|
| Uncertain tax exposure |
8 667 |
|
|
7 611 |
|
| Legal and regulatory matters |
1 180 |
|
|
516 |
|
| |
|
|
|
|
|
Uncertain tax exposures
The group operates in numerous tax jurisdictions and the group’s interpretation and
application of the various tax rules applied in direct and indirect tax filings may result in
disputes between the group and the relevant tax authority. The outcome of such disputes may
not be favourable to the group. At year-end, there were a number of tax disputes ongoing in
various of the group’s operating entities, the most significant of which relates to a transfer
pricing dispute which the group is contesting.
The group has applied its judgement and has recognised liabilities based on whether additional
amounts will be payable and has included contingent liabilities where economic outflows are
considered possible but not probable.
Legal and regulatory matters
The group is involved in various legal and regulatory matters, the outcome of which may not
be favourable to the group and none of which are considered individually material. The group
has applied its judgement and has recognised liabilities based on whether additional amounts
will be payable and has included contingent liabilities where economic outflows are considered
possible but not probable.
|
