XML 47 R40.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Long-term provisions | 12 Months Ended
--- | ---
Jun. 30, 2018
Long-term provisions |
Long-term provisions | 31 Long-term provisions
|  |  |  | Share- |  |  |  |  |
|  |  |  | based |  |  |  |  |
|  | Environmental |  | payments* |  | Other |  | Total |
for the year ended 30 June |  | Rm |  | Rm |  | Rm |  | Rm |
2018 |  |  |  |  |  |  |  |  |
Balance at beginning of year |  | 15 716 |  | 885 |  | 2 178 |  | 18 779 |
Capitalised in property, plant and equipment and assets under construction |  | 350 |  | — |  | — |  | 350 |
Reduction in rehabilitation provision capitalised** |  | (1 433 | ) | — |  | — |  | (1 433 | )
Per the income statement |  | (756 | ) | 655 |  | (495 | ) | (596 | )
additional provisions and changes to existing provisions |  | 241 |  | 655 |  | (495 | ) | 401 |
reversal of unutilised amounts |  | (194 | ) | — |  | — |  | (194 | )
effect of change in discount rate |  | (803 | ) | — |  | — |  | (803 | )
Notional interest |  | 953 |  | — |  | 9 |  | 962 |
Utilised during year (cash flow) |  | (249 | ) | (437 | ) | (43 | ) | (729 | )
Foreign exchange differences recognised in income statement |  | 225 |  | (1 | ) | 27 |  | 251 |
Translation of foreign operations |  | 127 |  | (1 | ) | 17 |  | 143 |
Balance at end of year |  | 14 933 |  | 1 101 |  | 1 693 |  | 17 727 |
|  |  |  | Share- |  |  |  |  |
|  |  |  | based |  |  |  |  |
|  | Environmental |  | payments |  | Other |  | Total |
for the year ended 30 June |  | Rm |  | Rm |  | Rm |  | Rm |
Long-term provisions |  |  |  |  |  |  |  |  |
2017 |  |  |  |  |  |  |  |  |
Balance at beginning of year |  | 17 128 |  | 2 515 |  | 2 230 |  | 21 873 |
Capitalised in property, plant and equipment and assets under construction |  | 742 |  | — |  | — |  | 742 |
Long-term incentive scheme converted to equity settled (note 35) |  | — |  | (645 | ) | — |  | (645 | )
Reduction in rehabilitation provision capitalised** |  | (2 153 | ) | — |  | — |  | (2 153 | )
Reclassification from other liabilities |  | — |  | — |  | 8 |  | 8 |
Per the income statement |  | 339 |  | (237 | ) | 126 |  | 228 |
additional provisions and changes to existing provisions |  | 493 |  | (237 | ) | 131 |  | 387 |
reversal of unutilised amounts |  | (180 | ) | — |  | (5 | ) | (185 | )
effect of change in discount rate |  | 26 |  | — |  | — |  | 26 |
Notional interest |  | 824 |  | — |  | 10 |  | 834 |
Utilised during year (cash flow) |  | (164 | ) | (748 | ) | (57 | ) | (969 | )
Foreign exchange differences recognised in income statement |  | (662 | ) | — |  | (71 | ) | (733 | )
Translation of foreign operations |  | (338 | ) | — |  | (68 | ) | (406 | )
Balance at end of year |  | 15 716 |  | 885 |  | 2 178 |  | 18 779 |
*Refer note 34 for accounting policies and areas of judgement used in calculating the share-based payment provision (cash settled). ** Reduction in rehabilitation capitalised, relates to a reassessment of our provision based on legislation changes, discount rates and new rehabilitation methods which resulted in a reduction of R1,4 billion (2017: R2,1 billion).
|  |  |  | 2018 |  | 2017 |
for the year ended 30 June |  | Note |  | Rm |  | Rm |
Expected timing of future cash flows |  |  |  |  |  |  |
Within one year |  |  |  | 2 567 |  | 2 131 |
One to five years |  |  |  | 3 715 |  | 4 196 |
More than five years |  |  |  | 11 445 |  | 12 452 |
|  |  |  | 17 727 |  | 18 779 |
Short-term portion |  | 32 |  | (2 567 | ) | (2 131 | )
Long-term provisions |  |  |  | 15 160 |  | 16 648 |
Estimated undiscounted obligation |  |  |  | 102 952 |  | 102 729 |
Business segmentation |  |  |  |  |  |  |
Mining |  |  |  | 1 324 |  | 1 573 |
Exploration and Production International |  |  |  | 5 677 |  | 5 857 |
Energy |  |  |  | 2 909 |  | 3 091 |
Base Chemicals |  |  |  | 3 057 |  | 3 104 |
Performance Chemicals |  |  |  | 2 173 |  | 2 224 |
Group Functions |  |  |  | 20 |  | 799 |
Total operations |  |  |  | 15 160 |  | 16 648 |
Environmental provisions In accordance with the group’s published environmental policy and applicable legislation, a provision for rehabilitation is recognised when the obligation arises, representing the estimated actual cash flows in the period in which the obligation is settled. The environmental obligation includes estimated costs for the rehabilitation of coal mining, oil, gas and petrochemical sites. The amount provided is calculated based on currently available facts and applicable legislation. The total environmental provision at 30 June 2018 amounted to R14 933 million (2017 – R15 716 million). In line with the requirements of the legislation of South Africa, the utilisation of certain investments is restricted for mining rehabilitation purposes. These investments amounted to R649 million (2017 – R607 million). In addition, indemnities of R2 066 million (2017 – R1 952 million) are in place. The following risk-free rates were used to discount the estimated cash flows based on the underlying currency and time duration of the obligation.
|  | 2018 |  | 2017 |
for the year ended 30 June |  | % |  | % |
South Africa |  | 7,3 to 9,2 |  | 7,3 to 8,6 |
Europe |  | 0,0 to 1,5 |  | 0,0 to 1,5 |
United States of America |  | 2,6 to 3,0 |  | 1,3 to 2,6 |
Canada |  | 2,0 to 2,7 |  | 0,9 to 2,5 |
|  | 2018 |  | 2017 |
for the year ended 30 June |  | Rm |  | Rm |
A 1% point change in the discount rate would have the following effect on the long-term provisions recognised |  |  |  |  |
Increase in the discount rate |  | (2 202 | ) | (2 983 | )
amount capitalised to property, plant and equipment |  | (910 | ) | (1 646 | )
income recognised in income statement |  | (1 292 | ) | (1 337 | )
Decrease in the discount rate |  | 3 786 |  | 4 114 |
amount capitalised to property, plant and equipment |  | 2 058 |  | 2 272 |
expense recognised in income statement |  | 1 728 |  | 1 842 |

X
- Definition N/A + References No definition available. + Details
Name: | ssl_DisclosureOfLongTermProvisionsAbstract
Namespace Prefix: | ssl_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure of long term provisions. + References No definition available. + Details
Name: | ssl_DisclosureOfLongTermProvisionsTextBlock
Namespace Prefix: | ssl_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration