XML 16 R9.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Segment information | 12 Months Ended
--- | ---
Jun. 30, 2018
Segment information |
Segment information | SEGMENT INFORMATION
|  |  |  |  |  | Exploration |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Net tax |  |  |  |  |  |  |  |  |
|  |  |  |  |  | and Production |  |  |  |  |  | Base |  | Performance |  |  |  |  |  |  |  |  |  | Deferred tax assets |  | receivable/ |  | Post-retirement |  | Total per statement |
|  | Mining |  | International |  | Energy |  | Chemicals*** |  | Chemicals*** |  | Group Functions |  | Total |  | and liabilities |  | payable |  | benefit assets |  | of financial position |
|  | 2018 |  | 2017 |  | 2018 |  | 2017 |  | 2018 |  | 2017 |  | 2018 |  | 2017 |  | 2018 |  | 2017 |  | 2018 |  | 2017 |  | 2018 |  | 2017 |  | 2018 |  | 2017 |  | 2018 |  | 2017 |  | 2018 |  | 2017 |  | 2018 |  | 2017 |
|  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |
Statement of financial position |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-current assets |  | 25 197 |  | 23 489 |  | 14 217 |  | 18 142 |  | 64 526 |  | 60 840 |  | 119 584 |  | 102 700 |  | 122 187 |  | 97 003 |  | 6 673 |  | 5 107 |  | 352 384 |  | 307 281 |  | 4 096 |  | 3 082 |  | — |  | — |  | 1 498 |  | 622 |  | 357 978 |  | 310 985 |
Current assets |  | 2 547 |  | 1 986 |  | 2 339 |  | 2 579 |  | 20 657 |  | 17 094 |  | 15 186 |  | 12 940 |  | 26 863 |  | 25 026 |  | 10 363 |  | 25 791 |  | 77 955 |  | 85 416 |  | — |  | — |  | 3 302 |  | 2 538 |  | — |  | — |  | 81 257 |  | 87 954 |
Non-current liabilities |  | 1 629 |  | 2 574 |  | 5 684 |  | 6 625 |  | 11 616 |  | 9 344 |  | 37 605 |  | 26 488 |  | 37 682 |  | 27 205 |  | 30 547 |  | 31 436 |  | 124 763 |  | 103 672 |  | 25 908 |  | 25 860 |  | — |  | — |  | — |  | — |  | 150 671 |  | 129 532 |
Current liabilities |  | 2 801 |  | 2 440 |  | 2 371 |  | 1 271 |  | 11 462 |  | 11 030 |  | 9 090 |  | 9 821 |  | 13 377 |  | 13 646 |  | 18 537 |  | 12 062 |  | 57 638 |  | 50 270 |  | — |  | — |  | 2 318 |  | 1 903 |  | — |  | — |  | 59 956 |  | 52 173 |
|  |  |  |  |  |  |  | Exploration and Production |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Mining |  | International |  | Energy |  | Base Chemicals*** |  | Performance Chemicals*** |  | Group Functions |  | Total |
|  | 2018 |  | 2017 |  | 2016 |  | 2018 |  | 2017 |  | 2016 |  | 2018 |  | 2017 |  | 2016 |  | 2018 |  | 2017 |  | 2016 |  | 2018 |  | 2017 |  | 2016 |  | 2018 |  | 2017 |  | 2016 |  | 2018 |  | 2017 |  | 2016 |
|  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |
Income statement |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
External turnover |  | 3 446 |  | 2 946 |  | 2 360 |  | 1 610 |  | 1 750 |  | 1 706 |  | 69 110 |  | 64 254 |  | 63 818 |  | 39 517 |  | 37 794 |  | 36 424 |  | 67 738 |  | 65 147 |  | 68 526 |  | 40 |  | 516 |  | 108 |  | 181 461 |  | 172 407 |  | 172 942 |
Total turnover |  | 19 797 |  | 18 962 |  | 16 975 |  | 4 198 |  | 4 084 |  | 4 211 |  | 69 773 |  | 64 772 |  | 64 341 |  | 40 091 |  | 38 414 |  | 37 795 |  | 69 766 |  | 67 227 |  | 70 906 |  | 52 |  | 516 |  | 108 |  | 203 677 |  | 193 975 |  | 194 336 |
Intersegmental turnover |  | (16 351 | ) | (16 016 | ) | (14 615 | ) | (2 588 | ) | (2 334 | ) | (2 505 | ) | (663 | ) | (518 | ) | (523 | ) | (574 | ) | (620 | ) | (1 371 | ) | (2 028 | ) | (2 080 | ) | (2 380 | ) | (12 | ) | — |  | — |  | (22 216 | ) | (21 568 | ) | (21 394 | )
Earnings before interest and tax |  | 5 244 |  | 3 725 |  | 4 739 |  | (3 683 | ) | 585 |  | (11 714 | ) | 14 081 |  | 11 218 |  | 14 069 |  | 588 |  | 6 862 |  | 5 606 |  | 8 183 |  | 8 763 |  | 10 156 |  | (6 666 | ) | 552 |  | 1 383 |  | 17 747 |  | 31 705 |  | 24 239 |
Earnings attributable to owners of Sasol Limited |  | 3 336 |  | 2 266 |  | 3 000 |  | (4 168 | ) | 47 |  | (10 972 | ) | 8 558 |  | 6 395 |  | 9 112 |  | 1 862 |  | 5 879 |  | 4 795 |  | 7 647 |  | 7 144 |  | 7 501 |  | (8 506 | ) | (1 357 | ) | (211 | ) | 8 729 |  | 20 374 |  | 13 225 |
Effect of remeasurement items* |  | 34 |  | 6 |  | 31 |  | 4 241 |  | (6 | ) | 9 963 |  | 971 |  | 1 844 |  | 1 267 |  | 4 499 |  | (901 | ) | 1 723 |  | 116 |  | 663 |  | 55 |  | 40 |  | 10 |  | (147 | ) | 9 901 |  | 1 616 |  | 12 892 |
Depreciation and amortisation |  | 1 677 |  | 1 905 |  | 1 673 |  | 1 465 |  | 2 053 |  | 3 042 |  | 4 817 |  | 4 496 |  | 4 194 |  | 3 923 |  | 3 687 |  | 3 296 |  | 3 798 |  | 3 328 |  | 3 541 |  | 745 |  | 735 |  | 621 |  | 16 425 |  | 16 204 |  | 16 367 |
Statement of cash flows |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash flow from operations |  | 6 877 |  | 5 401 |  | 6 465 |  | 2 665 |  | 1 726 |  | 2 946 |  | 17 158 |  | 17 996 |  | 17 178 |  | 8 241 |  | 10 562 |  | 10 475 |  | 13 079 |  | 13 186 |  | 14 719 |  | (1 382 | ) | (2 635 | ) | 1 190 |  | 46 638 |  | 46 236 |  | 52 973 |
Additions to non-current assets** |  | 3 729 |  | 2 839 |  | 3 459 |  | 2 525 |  | 2 600 |  | 8 938 |  | 6 650 |  | 6 781 |  | 6 348 |  | 19 553 |  | 23 446 |  | 28 687 |  | 20 130 |  | 23 791 |  | 25 376 |  | 797 |  | 886 |  | 940 |  | 53 384 |  | 60 343 |  | 73 748 |
Other disclosures |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Capital commitments* |  | 2 640 |  | 3 099 |  | 3 563 |  | 18 811 |  | 19 431 |  | 23 648 |  | 10 320 |  | 10 327 |  | 9 588 |  | 16 781 |  | 29 722 |  | 51 449 |  | 14 125 |  | 27 396 |  | 48 422 |  | 599 |  | 761 |  | 616 |  | 63 276 |  | 90 736 |  | 137 286 |
* Excludes equity accounted investments ** Includes capital accruals *** The financial results have been restated for the transfer of the US Ethylene business from Performance Chemicals to Base Chemicals GEOGRAPHIC SEGMENT INFORMATION
|  | Mining |  | Exploration and Production International |  | Energy |  | Base Chemicals** |  | Performance Chemicals** |  | Group Functions |  | Total |
|  | 2018 |  | 2017 |  | 2016 |  | 2018 |  | 2017 |  | 2016 |  | 2018 |  | 2017 |  | 2016 |  | 2018 |  | 2017 |  | 2016 |  | 2018 |  | 2017 |  | 2016 |  | 2018 |  | 2017 |  | 2016 |  | 2018 |  | 2017 |  | 2016 |
External turnover* |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |
South Africa |  | — |  | — |  | — |  | — |  | — |  | — |  | 65 827 |  | 60 814 |  | 60 312 |  | 19 569 |  | 17 997 |  | 18 040 |  | 3 064 |  | 3 186 |  | 3 396 |  | — |  | — |  | — |  | 88 460 |  | 81 997 |  | 81 748 |
Rest of Africa |  | — |  | — |  | — |  | 341 |  | 355 |  | 379 |  | 3 282 |  | 3 438 |  | 3 502 |  | 2 076 |  | 2 716 |  | 2 429 |  | 856 |  | 821 |  | 1 179 |  | — |  | 34 |  | 87 |  | 6 555 |  | 7 364 |  | 7 576 |
Europe |  | 2 691 |  | 2 040 |  | 1 496 |  | 985 |  | 835 |  | 861 |  | 1 |  | 2 |  | 3 |  | 6 540 |  | 5 392 |  | 4 932 |  | 33 505 |  | 29 791 |  | 32 641 |  | — |  | — |  | — |  | 43 722 |  | 38 060 |  | 39 933 |
North America |  | — |  | — |  | — |  | 284 |  | 560 |  | 466 |  | — |  | — |  | 1 |  | 5 341 |  | 2 643 |  | 2 286 |  | 17 479 |  | 19 960 |  | 20 650 |  | — |  | — |  | — |  | 23 104 |  | 23 163 |  | 23 403 |
South America |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | 410 |  | 307 |  | 354 |  | 1 518 |  | 1 758 |  | 2 178 |  | — |  | — |  | — |  | 1 928 |  | 2 065 |  | 2 532 |
Asia, Australasia and Middle East |  | 755 |  | 906 |  | 864 |  | — |  | — |  | — |  | — |  | — |  | — |  | 5 581 |  | 8 739 |  | 8 383 |  | 11 316 |  | 9 631 |  | 8 482 |  | 40 |  | 482 |  | 21 |  | 17 692 |  | 19 758 |  | 17 750 |
Total operations |  | 3 446 |  | 2 946 |  | 2 360 |  | 1 610 |  | 1 750 |  | 1 706 |  | 69 110 |  | 64 254 |  | 63 818 |  | 39 517 |  | 37 794 |  | 36 424 |  | 67 738 |  | 65 147 |  | 68 526 |  | 40 |  | 516 |  | 108 |  | 181 461 |  | 172 407 |  | 172 942 |
* | The analysis of turnover is based on the location of the customer
** | The financial results have been restated for the transfer of the US Ethylene business from Performance Chemicals to Base Chemicals
|  | Mining |  | Exploration and Production International |  | Energy |  | Base Chemicals** |  | Performance Chemicals** |  | Group Functions |  | Total |
Earnings before interest |  | 2018 |  | 2017 |  | 2016 |  | 2018 |  | 2017 |  | 2016 |  | 2018 |  | 2017 |  | 2016 |  | 2018 |  | 2017 |  | 2016 |  | 2018 |  | 2017 |  | 2016 |  | 2018 |  | 2017 |  | 2016 |  | 2018 |  | 2017 |  | 2016 |
and tax* |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |
South Africa |  | 3 796 |  | 2 775 |  | 4 232 |  | 1 008 |  | 1 307 |  | 860 |  | 13 064 |  | 12 248 |  | 12 504 |  | (2 929 | ) | 2 723 |  | 3 626 |  | 1 263 |  | 1 516 |  | 2 627 |  | (7 617 | ) | (125 | ) | 899 |  | 8 585 |  | 20 444 |  | 24 748 |
Rest of Africa |  | — |  | — |  | — |  | (1 282 | ) | 707 |  | 506 |  | 926 |  | (85 | ) | 2 588 |  | 350 |  | 185 |  | 261 |  | 88 |  | 121 |  | 220 |  | 553 |  | 26 |  | 20 |  | 635 |  | 954 |  | 3 595 |
Europe |  | 1 131 |  | 658 |  | 321 |  | 194 |  | (503 | ) | (1 694 | ) | — |  | (47 | ) | 47 |  | 722 |  | 642 |  | 505 |  | 3 620 |  | 3 076 |  | 2 695 |  | 345 |  | 84 |  | 479 |  | 6 012 |  | 3 910 |  | 2 353 |
North America |  | — |  | — |  | — |  | (3 595 | ) | (728 | ) | (10 922 | ) | (1 010 | ) | (1 756 | ) | (753 | ) | 531 |  | 1 966 |  | 94 |  | 1 708 |  | 2 304 |  | 2 224 |  | 50 |  | 85 |  | (18 | ) | (2 316 | ) | 1 871 |  | (9 375 | )
South America |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | 61 |  | 39 |  | 40 |  | 218 |  | 221 |  | 708 |  | — |  | — |  | — |  | 279 |  | 260 |  | 748 |
Asia, Australasia and Middle East |  | 317 |  | 292 |  | 186 |  | (8 | ) | (198 | ) | (464 | ) | 1 101 |  | 858 |  | (317 | ) | 1 853 |  | 1 307 |  | 1 080 |  | 1 286 |  | 1 525 |  | 1 682 |  | 3 |  | 482 |  | 3 |  | 4 552 |  | 4 266 |  | 2 170 |
Total operations |  | 5 244 |  | 3 725 |  | 4 739 |  | (3 683 | ) | 585 |  | (11 714 | ) | 14 081 |  | 11 218 |  | 14 069 |  | 588 |  | 6 862 |  | 5 606 |  | 8 183 |  | 8 763 |  | 10 156 |  | (6 666 | ) | 552 |  | 1 383 |  | 17 747 |  | 31 705 |  | 24 239 |
* | Includes equity accounted profits/(losses) remeasurement items and once-off share-based payment expenses
Non-current assets
|  | 2018 |  | 2017 |  | 2016 |
for the year ended 30 June |  | Rm |  | Rm |  | Rm |
South Africa |  | 143 493 |  | 139 398 |  | 139 422 |
Rest of Africa |  | 18 443 |  | 17 856 |  | 12 136 |
Europe |  | 15 389 |  | 13 925 |  | 13 903 |
North America |  | 165 742 |  | 125 983 |  | 100 247 |
South America |  | 1 |  | 1 |  | 1 |
Asia, Australasia and Middle East |  | 9 316 |  | 10 118 |  | 12 869 |
Total operations |  | 352 384 |  | 307 281 |  | 278 578 |
Deferred tax asset |  | 4 096 |  | 3 082 |  | 3 389 |
Post-retirement benefit assets |  | 1 498 |  | 622 |  | 614 |
Total non-current assets |  | 357 978 |  | 310 985 |  | 282 581 |
REPORTING SEGMENTS The group has six main reportable segments that reflects the structure used by the Joint Presidents and Chief Executive Officers to make key operating decisions and assess performance. The group’s reportable segments are operating segments that are differentiated by the activities that each undertakes and the products they manufacture and market (referred to as business segments). The group evaluates the performance of its reportable segments based on operating profit. The operating model structure reflects how the results are reported to the Chief Operating Decision Maker (CODM). The CODM for Sasol are the Joint Presidents and Chief Executive Officers. Operating business units Mining Mining is responsible for securing coal feedstock for the Southern African value chain, mainly for gasification, but also to generate electricity and steam. Coal is sold for gasification and utility purposes to Secunda Synfuels, for utility purposes to Sasolburg Operations; and to third parties in the export market. Mining sells coal under both long- and short-term contracts at a price determinable from the agreements. Turnover is recognised upon delivery of the coal to the customer, which, in accordance with the related contract terms is the point at which the title and risks and rewards of ownership pass to the customer. Prices are fixed or determinable and collectability is reasonably assured. The date of delivery related to Mining is determined in accordance with the contractual agreements entered into with customers. These are summarised as follows:
Delivery terms |  | Title and risks, and rewards of ownership pass to the customer
Free on Board |  | When coal is loaded onto the vessel at Richards Bay Coal Terminal — the customer is responsible for shipping and handling costs.
The related costs of sales are recognised in the same period as the supply of the coal and include any shipping and handling costs incurred. All inter-segment sales are conducted at market related prices. Exploration and Production International Exploration and Production International (E&PI) develops and manages the group’s upstream interests in oil and gas exploration and production in Mozambique, South Africa, Canada and Gabon. E&PI sells Mozambican gas under long-term contracts to both Sasol and external customers, condensate on short-term contracts, and Canadian gas into the market at spot prices. Oil is sold to customers under annual contracts. Prices are determinable from the agreements, and on the open market. Strategic business units Performance Chemicals Performance Chemicals markets commodity and differentiated performance chemicals. The key product lines are organics, inorganics and wax. These are produced in various Sasol production facilities around the world. Base Chemicals Base Chemicals markets commodity chemicals based on the group’s upstream Fischer-Tropsch, ethylene, propylene and ammonia value chains. The key product lines are polymers, solvents and ammonia-based explosives and fertilisers. These are produced in various Sasol production facilities around the world. The Base and Performance Chemicals businesses sell the majority of their products under contracts at prices determinable from such agreements. Turnover is recognised upon delivery to the customer which, in accordance with the related contract terms, is the point at which the title and risks and rewards of ownership transfer to the customer. Prices are determinable and collectability is reasonably assured. Turnover on consignment sales is recognised on consumption by the customer, when title and the risks and rewards of ownership pass to the customer. The date of delivery is determined in accordance with the contractual agreements entered into with customers which are as follows:
Delivery terms |  | Title and risks, and rewards of ownership pass to the customer:
Ex-tank sales |  | When products are loaded into the customer’s vehicle or unloaded from the seller’s storage tanks.
Ex-works |  | When products are loaded into the customer’s vehicle or unloaded at the seller’s premises.
Carriage Paid To |  | On delivery of products to a specified location (main carriage is paid for by the seller).
Free on Board |  | When products are loaded into the transport vehicle — the customer is responsible for shipping and handling costs.
Cost Insurance Freight and Cost Freight Railage |  | When products are loaded into the transport vehicle — the seller is responsible for shipping and handling costs which are included in the selling price.
Delivered at Place |  | When products are delivered to and signed for by the customer.
Consignment Sales |  | As and when products are consumed by the customer.
Energy Energy is responsible for the sales and marketing of liquid fuels, pipeline gas and electricity. In South Africa, Energy sells approximately nine billion litres of liquid fuels annually, blended from fuel components produced by the Secunda Synfuels operations, crude oil refined at Natref, as well as some products purchased from other refiners. Energy markets approximately 55 billion of standard cubic feet (bscf) of natural and methane-rich gas a year. Energy sells liquid fuel products under both short- and long-term agreements for both retail sales and commercial sales, including sales to other oil companies. The prices for retail sales are regulated and fixed by South African law. For commercial sales and sales to other oil companies, the prices are fixed and determinable according to the specific contract, with periodic price adjustments. Turnover for the supply of fuel is based on measurement through a flow-meter into customers’ tanks. Turnover is recognised under the following arrangements:
Delivery terms |  | Title and risks, and rewards of ownership pass to the customer:
Commercial sales transactions and sales to other oil companies |  | The risks and rewards of ownership, as well as the title of the product, transfer to the customer when product is delivered to the customer site. This is the point where collectability is reasonably assured.
Dealer-owned supply agreements and franchise agreements |  | The risks and rewards of ownership of the product transfer to the customer upon delivery of the product to the customer. Title under these contracts is retained to enable recovery of the goods in the event of a customer default on payment. However, the title to the goods does not enable the group to dispose of the product or rescind the transaction, and cannot prevent the customer from selling the product.
Transportation and handling costs are included in turnover when billed to customers in conjunction with the sale of a product. The related costs of sales are recognised in the same period as the turnover. Gas is sold under long-term contracts at a price determinable from the supply agreements. Turnover is recognised at the intake flange of the customer where it is metered, which is the point at which the title and risks and rewards of ownership pass to the customer, and where prices are determinable and collectability is reasonably assured. Gas analysis and tests of the specifications and content are performed prior to delivery. The Energy business also develops, implements and manages the group’s international business ventures based on Sasol’s proprietary gas-to-liquids (GTL) technology. Sasol holds 49% in ORYX GTL in Qatar, and an indirect 10% share in Escravos GTL in Nigeria. Turnover is derived from the sale of goods produced by the operating facilities and is recognised when, in accordance with the related contract terms, the title and risks and rewards of ownership pass to the customer. Prices are fixed or determinable and collectability is reasonably assured. Shipping and handling costs are included in turnover when billed to customers in conjunction with the sale of the products. Turnover is also derived from the rendering of engineering services to external partners in joint ventures upon proof of completion of the service. Group Functions Group Functions includes head office and centralised treasury operations.

X
- Definition The entire disclosure for operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 8 -IssueDate 2017-01-01 -Section Disclosure -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=8&date=2017-03-01&anchor=sect_Disclosure&doctype=Standard -URIDate 2017-03-09 + Details
Name: | ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ifrs-full_DisclosureOfOperatingSegmentsAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration