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Disposals and scrapping | 12 Months Ended
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Jun. 30, 2018
Disposals and scrapping |
Disposals and scrapping | 10 Disposals and scrapping
|  |  |  | 2018 |  | 2017 |  | 2016 |
for the year ended 30 June |  | Note |  | Rm |  | Rm |  | Rm |
Property, plant and equipment |  | 17 |  | 591 |  | 836 |  | 348 |
cost |  |  |  | 6 297 |  | 7 037 |  | 5 099 |
accumulated depreciation and impairment |  |  |  | (5 706 | ) | (6 201 | ) | (4 751 | )
Assets under construction |  | 18 |  | 1 200 |  | 105 |  | 963 |
Goodwill and other intangible assets |  |  |  | 147 |  | 103 |  | 107 |
cost |  |  |  | 319 |  | 173 |  | 392 |
accumulated amortisation and impairment |  |  |  | (172 | ) | (70 | ) | (285 | )
Equity accounted investments |  |  |  | 1 525 |  | — |  | 1 042 |
Long-term receivables and prepaid expenses |  |  |  | — |  | 7 |  | — |
Assets in disposal groups held for sale |  |  |  | 215 |  | — |  | 126 |
Trade and other receivables |  |  |  | 339 |  | 7 |  | — |
Cash and cash equivalents |  |  |  | 36 |  | — |  | — |
Long-term provisions |  | 31 |  | — |  | — |  | (356 | )
Liabilities in disposal groups held for sale |  |  |  | — |  | — |  | (43 | )
Short-term provisions |  |  |  | (24 | ) | — |  | — |
Tax payable |  |  |  | (35 | ) | — |  | — |
Trade and other payables |  |  |  | (208 | ) | (30 | ) | — |
|  |  |  | 3 786 |  | 1 028 |  | 2 187 |
Non-controlling interest |  |  |  | (51 | ) | — |  | — |
|  |  |  | 3 735 |  | 1 028 |  | 2 187 |
Total consideration |  |  |  | 2 425 |  | 788 |  | 772 |
consideration received |  |  |  | 2 316 |  | 788 |  | 569 |
long-term supply agreement |  |  |  | 109 |  | — |  | — |
consideration still receivable |  |  |  | — |  | — |  | 203 |
|  |  |  | (1 310 | ) | (240 | ) | (1 415 | )
Realisation of accumulated translation effects |  |  |  | 482 |  | 29 |  | 479 |
Net loss on disposal |  |  |  | (828 | ) | (211 | ) | (936 | )
Consideration received comprising |  |  |  |  |  |  |  |  |
Base Chemicals — Investment in Petronas Chemicals LDPE Sdn Bhd and Petronas Chemicals Olefins Sdn Bhd |  |  |  | 1 918 |  | — |  | — |
Energy — Property and mineral rights in the US (Lake de Smet) |  |  |  | 215 |  | — |  | — |
Exploration and Production International — Farm down of Area A in Mozambique |  |  |  | — |  | — |  | 464 |
Energy — Sale of Canada land |  |  |  | — |  | 389 |  | — |
Other |  |  |  | 183 |  | 399 |  | 308 |
Consideration received |  |  |  | 2 316 |  | 788 |  | 772 |
Significant disposals and scrappings in 2018 Base Chemicals — Investment in Petronas Chemicals LDPE Sdn Bhd and Petronas Chemicals Olefins Sdn Bhd Our divestment from Petronas Chemicals LDPE Sdn Bhd and Petronas Chemicals Olefins Sdn Bhd was concluded on 14 March 2018, resulting in a profit on disposal of R864 million, including the reclassification of the Foreign Currency Translation Reserve of R494 million. Energy — US Gas-To-Liquids (GTL) Scrapping We have scrapped the US GTL Project amounting to R1,1 billion (US$83 million) during the 2018 financial year. Significant disposals in prior periods Energy — Sale of Canada land In 2017, we disposed of a portion of our land in Canada with a carrying value of R354 million (CAD35 million) for proceeds of R389 million (CAD38 million). Energy — Investment in Uzbekistan GTL joint venture In 2016, we decided to withdraw from our equity participation by exercising a put option for US$1. Accordingly, the disposal of the equity accounted investment was accounted for on the date of exercise of the put option resulting in a net loss of R563 million, including the reclassification of the Foreign Currency Translation Reserve of R479 million.

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