| Summary of deferred tax asset and liability offset |
| | | | | | | | 2023 | | 2022 | * | | | $’000 | | $'000 | | Deferred income tax assets | | | | | | Property, plant and equipment** | | (4,807) | | (7,137) | | Intangible assets | | 23,386 | | 20,313 | | Provisions** | | 3,490 | | 14,574 | | Tax losses | | 30,668 | | 28,443 | | Right of use asset** | | (73,400) | | (53,820) | | Lease liability** | | 84,886 | | 65,419 | | Other** | | (437) | | 10,577 | | Total | | 63,786 | | 78,369 | |
| | | | | | | | 2023 | | 2022 | * | | | $'000 | | $'000 | | Deferred income tax liabilities | | | | | | Property, plant and equipment** | | (107,444) | | (165,602) | | Intangible assets | | (168,133) | | (197,932) | | Provisions** | | 46,734 | | 57,075 | | Unrealized derivative income | | 20,194 | | (337) | | Timing differences on loans | | 4,100 | | 19,071 | | Unrealized foreign exchange | | 14,719 | | 12,150 | | Tax losses | | 21,676 | | 11,164 | | Unutilized capital allowances | | 30,085 | | 79,110 | | Right of use asset** | | (42,299) | | (81,987) | | Lease liability** | | 49,676 | | 88,255 | | Other** | | (6,414) | | (4,485) | | Total | | (137,106) | | (183,518) | |
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| Summary of deferred tax reconciliation |
| | | | | | | | | | | | | | | | | | | | | | | | | | | Other including | | | | | | | | | | | Provisions/ | | | | | | Unrealized | | | | | | | | | Property, | | share‑based | | | | | | exchange | | | | | | | | | plant and | | payments | | Intangible | | Loans and | | differences | | Right of use | | Lease | | | | | equipment | ** | obligation | ** | assets | | derivatives | | /tax losses | ** | asset | ** | liability | ** | Total | Net deferred income tax | | $'000 | | $'000 | | $'000 | | $'000 | | $'000 | | $'000 | | $'000 | | $'000 | | | | | | | | | | | | | | | | | | At January 1, 2021 | | (168,784) | | 81,846 | | (191,887) | | (26,054) | | 135,529 | | (136,986) | | 142,595 | | (163,741) | Additions through business combinations | | (6,065) | | — | | (73,330) | | — | | — | | — | | — | | (79,395) | Tax (charge)/income | | (2,185) | | (7,659) | | 85,254 | | 9,295 | | (11,895) | | (11,368) | | 12,274 | | 73,716 | Effects of movement in exchange rates | | 11,014 | | (4,759) | | 13,806 | | 1,874 | | (10,181) | | 9,508 | | (9,897) | | 11,365 | At December 31, 2021 | | (166,020) | | 69,428 | | (166,157) | | (14,885) | | 113,453 | | (138,846) | | 144,972 | | (158,055) | | | | | | | | | | | | | | | | | | At January 1, 2022 | | (166,020) | | 69,428 | | (166,157) | | (14,885) | | 113,453 | | (138,846) | | 144,972 | | (158,055) | Additions through business combinations (note 31)* | | (61,184) | | — | | (76,680) | | — | | — | | — | | — | | (137,864) | Tax income* | | 49,634 | | 3,859 | | 59,702 | | 33,127 | | 26,044 | | 8,752 | | 2,737 | | 183,855 | Effects of movement in exchange rates* | | 4,831 | | (1,638) | | 5,516 | | 492 | | (2,538) | | (5,713) | | 5,965 | | 6,915 | At December 31, 2022 | | (172,739) | | 71,649 | | (177,619) | | 18,734 | | 136,959 | | (135,807) | | 153,674 | | (105,149) | | | | | | | | | | | | | | | | | | At January 1, 2023 | | (172,739) | | 71,649 | | (177,619) | | 18,734 | | 136,959 | | (135,807) | | 153,674 | | (105,149) | Additions through business combinations (note 31) | | — | | — | | — | | — | | — | | — | | — | | — | Tax income/(charge) | | 24,045 | | (8,943) | | (9,239) | | 10,002 | | (14,195) | | (12,090) | | 17,322 | | 6,902 | Effects of movement in exchange rates | | 36,443 | | (12,482) | | 42,111 | | (4,442) | | (32,467) | | 32,198 | | (36,434) | | 24,927 | At December 31, 2023 | | (112,251) | | 50,224 | | (144,747) | | 24,294 | | 90,297 | | (115,699) | | 134,562 | | (73,320) |
*Re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022.
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