6-K 1 j8430_6k.htm 6-K

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

Report of Foreign Private Issuer

 

Pursuant to Rule 13a -16 or 15d -16 of
the Securities Exchange Act of 1934

 

Report on Form 6-K for March 13, 2003

 

Sasol Limited
1 Sturdee Avenue
Rosebank 2196
South Africa

 

(Name and address of registrant’s principal executive office)

 

(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)

 

Form 20-F  ý                         Form 40-F  o

 

Enclosures:

 

US GAAP reconciliation

 

 



 

Reconciliation from IAS to US GAAP

(not reviewed by auditors)

 

 

 

Half-year ended 31
December 2002

 

Half year ended 31
December 2001

 

Year ended 30 June
2002

 

 

 

Turnover
(external)

 

Operating
Profit

 

Turnover
(external)

 

Operating
Profit

 

Turnover
(external)

 

Operating
Profit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sasol Mining

 

513

 

708

 

657

 

641

 

1,239

 

1,340

 

Sasol Synfuels

 

7,630

 

5,023

 

5,935

 

3,688

 

12,620

 

8,048

 

Sasol Oil and Gas

 

3,593

 

565

 

2,236

 

925

 

6,085

 

1,840

 

Sasol Chemical Industries

 

22,171

 

1,380

 

18,994

 

1,896

 

41,340

 

3,686

 

Other Group companies

 

108

 

(371

)

41

 

(103

)

294

 

(19

)

Total segments per International Accounting Standards

 

34,015

 

7,305

 

27,863

 

7,047

 

61,578

 

14,895

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reconciliation of segment information to US GAAP

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjustments:

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation of interest capitalised

 

 

(52

)

 

(46

)

 

(111

)

Pension Asset

 

 

(15

)

 

15

 

 

39

 

Post-retirement healthcare

 

 

(19

)

 

(17

)

 

(145

)

Asset retirement obligations

 

 

(14

)

 

(12

)

 

 

Research and development costs expensed

 

 

(26

)

 

(26

)

 

(21

)

Derivatives

 

 

17

 

 

176

 

 

(190

)

Share compensation expense

 

 

(24

)

 

(9

)

 

(48

)

Foreign currency translation

 

 

(204

)

 

447

 

 

311

 

Revenue recognition

 

(1,013

)

(4

)

(1,187

)

(23

)

(1,867

)

25

 

Business combinations

 

(646

)

(49

)

(412

)

(37

)

(2,441

)

(108

)

Reversal of proportionate consolidation

 

(597

)

(13

)

(1,940

)

(94

)

(2,288

)

(145

)

Entities previously not consolidated

 

1,423

 

67

 

1,006

 

45

 

739

 

 

Capitalisation of finance leases

 

 

10

 

 

7

 

 

 

Impairment

 

 

240

 

 

 

 

(47

)

Provision for guarantee payable

 

 

 

 

 

 

(205

)

Other

 

40

 

120

 

38

 

70

 

(54

)

(26

)

Total per US GAAP

 

33,222

 

7,339

 

25,368

 

7,543

 

55,667

 

14,224

 

 

 

2



 

Reconciliation from IAS to US GAAP

(not reviewed by auditors)

 

 

 

Half year ended

 

Year ended

 

 

 

31 December
2002

 

31 December
2001

 

30 June 2002

 

 

 

Total external
assets

 

Total external
assets

 

Total external
assets

 

 

 

 

 

 

 

 

 

Sasol Mining

 

4,257

 

4,195

 

3,665

 

Sasol Synfuels

 

8,862

 

7,729

 

8,276

 

Sasol Oil and Gas

 

7,751

 

4,680

 

5,073

 

Sasol Chemical Industries

 

39,380

 

42,552

 

43,362

 

Other Group companies

 

4,218

 

2,470

 

3,481

 

Total segments per International Accounting Standards

 

64,468

 

61,626

 

63,857

 

 

 

 

 

 

 

 

 

Reconciliation of segment information to US GAAP

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjustments:

 

 

 

 

 

 

 

Capitalisation of interest

 

2,104

 

1,380

 

1,735

 

Pension Asset

 

432

 

323

 

468

 

Research and development costs expensed

 

(181

)

(179

)

(253

)

Business combinations

 

(726

)

(565

)

(3,173

)

Reversal of proportionate consolidation

 

(1,335

)

(1,888

)

(1,455

)

Entities previously not consolidated

 

437

 

318

 

638

 

Deferred tax

 

202

 

253

 

329

 

Capitalisation of finance leases

 

464

 

309

 

367

 

Impairment

 

155

 

 

117

 

Other

 

263

 

316

 

(137

)

Total external assets per US GAAP

 

66,283

 

61,893

 

62,493

 

 

3



 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant, Sasol Limited, has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

Date: March 13, 2003

 

 

 

 

 

 

By:

/s/  N L Joubert

 

 

 

Name: Dr N L Joubert

 

 

Title: Company Secretary

 

4