For the year ended 30 June 2004 ALL MONETARY AMOUNTS ARE EXPRESSED IN MILLIONS OF RAND 2004 2003 14. DEFERRED TAXATION Deferred taxation assets The movement on the deferred taxation asset account is as follows: At beginning of year – – Income statement charge 32,8 – 32,8 – Comprising: Uncertified work and other construction temporary differences 11,8 - Assessable loss 31,2 - Plant (10,2) - 32,8 - Deferred taxation liabilities The movement on the deferred taxation liability account is as follows: At beginning of year 56,9 53,0 Income statement charge 8,9 3,9 65,8 56,9 Comprising: Other 29,7 29,7 Plant 14,1 8,6 Uncertified work and other construction temporary differences 22,0 18,6 65,8 56,9 Calculated taxation losses available for set-off against future taxable income – 493,0 15. ACCOUNTS PAYABLE Trade and other payables 1 906,8 2 147,4 Payroll accruals 64,0 73,2 Short-term portion of long-term provision (note 13) 19,1 20,0 1 989,9 2 240,6 16. SUB-CONTRACTORS Contracts in progress and contract receivables include claims against clients in respect of sub- contractor liabilities. These liabilities are only settled when payment has been received from clients. 17.    BANK OVERDRAFTS AND SHORT-TERM LOANS Bank overdrafts 118,7 68,5 Current portion of long-term loans (note 11 ) –   secured 28,4 34,5 –  unsecured 69,2 150,1 Current portion of capitalised finance leases (note 11) 11,6 4,6 Current portion of discontinued finance headlease liabilities (note 12) 55,2 105,7 283,1 363,4 Notes to the Consolidated Financial Statements (continued)