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.