The financial director of Force Ltd is currently preparing the financial statements for the year ended $28$ February $2018.$ As the company's tax consultant, you will be required to prepare all the taxation information which is to be included in the financial statements. They have given you the following information to assist you with the exercise.

At $28$ February $2017$ the company had an assessed loss of $R2000000.$ Due to circumstances at the time, the company did not recognise a debit deferred tax balance.

The company purchased a fleet of vehicles for $R600000$ on $1$ December $2015.$ On $1$ June $2017$ one vehicle which had originally cost R$120000$ was sold for R$140000.$

It is the company's policy to depreciate motor vehicles on a straight$-$line basis to a nil residual value over a five year useful life. SARS allows motor vehicles to be written off over three years on a straight$-$line basis to a nil residual value in terms of s$11($e$).$

At $28$ February $2018,$ the company had a warranty provision balance of R$180000(2017$: R$130000).$ SARS only allows a deduction on payment of the warranty provision liability.

The company always pays its factory rental one month in advance. At $28$ February $2018,$ rent paid in advance amounted to R$250000(2017$: R$220000).$ Rent is deductible in the period in which it is paid.

Included in the company's profit for the year of R$3400000$ are dividends earned of R$100000,$ which were exempt from income tax, of and speeding fine expenses of R$15000,$ which are not deductible for tax purposes.

The corporate tax rate was $28\%$ but on $21$ February $2018$ the Minister of Finance announced that this would be increased to $30\%$ effective from $1$ April $2018.$ Capital gains are included in taxable income at a rate of $80\%.$ Ignore VAT.

There are no temporary or non$-$taxable$/$deductible differences other than those which have been described above.

$\backslash$table$[[$REQUIRED$,$MARKS$],[1)$ Prepare the tax expense note $($including the tax reconciliation$)$ for,$30],[$inclusion in the financial statements of Force Ltd for the year,$],[$ended $28$ February $2018,$ in accordance with International,$],[$Financial Reporting Standards,$]]$