XML 251 R71.htm IDEA: XBRL DOCUMENT
v3.21.2

Equity accounted investments (Tables) | 12 Months Ended
--- | ---
Jun. 30, 2021
Equity accounted investments. |
Schedule of interest in equity accounted investments and total carrying values | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Country of |  |  |  | Interest |  | 2021 |  | 2020
Name | ​ | incorporation | ​ | Nature of activities | ​ | % | ​ | Rm | ​ | Rm
Joint ventures | ​ |  | ​ |  | ​ |  | ​ |  | ​ |
ORYX GTL Limited |  | Qatar |  | GTL plant |  | 49 |  | 9 329 |  | 10 511
Sasol Dyno Nobel (Pty) Ltd |  | South Africa |  | Manufacturing and distribution of explosives |  | 50 |  | 260 |  | 255
Sasol Chevron Holdings Limited¹ |  | Bermuda |  | Marketing of Escravos GTL products |  | – |  | – |  | 159
Associates |  | ​ |  |  |  | ​ |  | ​ |  |
Enaex Africa (Pty) Ltd² |  | South Africa |  | Manufacturing and distribution of explosives |  | 23 |  | 295 |  | 512
Other equity accounted investments |  | ​ |  | ​ |  | Various |  | 258 |  | 375
Carrying value of investments |  |  |  |  |  |  |  | 10 142 |  | 11 812
| 1 | On 3 June 2021 Sasol sold its 50% shareholding in Sasol Chevron Holdings Limited.
| 2 | On 1 May 2021 Sasol sold 26% of its shareholding in Enaex Africa (Pty) Ltd.
Summarised financial information for the group's share of equity accounted investments which are not material | ​
​ | ​ | ​ | ​ | ​
​ |  | 2021 |  | 2020
for the year ended 30 June | ​ | Rm | ​ | Rm
Operating profit/(loss) |  | 128 |  | (674)
Profit/(loss) before tax |  | 140 |  | (665)
Taxation |  | (45) |  | (20)
Profit/(loss) for the year** |  | 95 |  | (685)
| * | The financial information provided represents the group’s share of the results of the equity accounted investments.
| ** | Included in the 2020 results is an operating loss pertaining to the Group's investment in Escravos GTL. The group disposed of this investment in June 2020.
Schedule of capital commitments relating to equity accounted investments | ​
​ | ​ | ​ | ​ | ​
​ |  | 2021 |  | 2020
Capital commitments relating to equity accounted investments |  | Rm |  | Rm
Capital commitments, excluding capitalised interest, include all projects for which specific board approval has been obtained up to the reporting date. Projects still under investigation for which specific board approvals have not yet been obtained are excluded from the following: | ​ |  | ​ |
Authorised and contracted for |  | 622 |  | 1 936
Authorised but not yet contracted for |  | 713 |  | 1 089
Less: expenditure to the end of year |  | (348) |  | (1 748)
​ |  | 987 |  | 1 277
Summarised financial information for the group's material equity accounted investments | ​
​ | ​ | ​ | ​ | ​ | ​
​ |  | Joint venture |
​ |  | ORYX GTL Limited |
​ |  | 2021 |  | 2020 |
for the year ended 30 June |  | Rm |  | Rm |
Summarised statement of financial position | ​ | ​ | ​ | ​ |
Non-current assets | ​ | 13 149 | ​ | 17 236 | ​
Deferred tax asset | ​ | 212 | ​ | 636 | ​
Current assets | ​ | 7 989 | ​ | 7 217 | ​
Total assets | ​ | 21 350 | ​ | 25 089 | ​
Other non-current liabilities | ​ | 742 | ​ | 974 | ​
Other current liabilities | ​ | 1 178 | ​ | 2 663 | ​
Tax payable | ​ | 391 | ​ | — | ​
Total liabilities | ​ | 2 311 | ​ | 3 637 | ​
Net assets | ​ | 19 039 | ​ | 21 452 | ​
Summarised income statement | ​ | ​ | ​ |  | ​
Turnover | ​ | 8 538 | ​ | 7 279 | ​
Depreciation and amortisation | ​ | (1 759) | ​ | (1 424) | ​
Other operating expenses | ​ | (4 513) | ​ | (4 707) | ​
Operating profit before interest and tax | ​ | 2 266 | ​ | 1 148 | ​
Finance income | ​ | 6 | ​ | 31 | ​
Finance cost | ​ | (48) | ​ | (84) | ​
Profit before tax | ​ | 2 224 | ​ | 1 095 | ​
Taxation | ​ | (758) | ​ | (492) | ​
Profit and total comprehensive income for the year | ​ | 1 466 | ​ | 603 | ​
The group’s share of profits of equity accounted investment | ​ | 719 | ​ | 338 | ​
49% share of profit before tax | ​ | 1 090 | ​ | 536 | ​
Taxation | ​ | (371) | ​ | (198) | ​
​ | ​ | ​ | ​ | ​ | ​
Reconciliation of summarised financial information | ​ |  | ​ |  | ​
Net assets at the beginning of the year | ​ | 21 452 | ​ | 16 893 | ​
Profit before tax for the year | ​ | 2 224 | ​ | 1 095 | ​
Taxation | ​ | (758) | ​ | (483) | ​
Foreign exchange differences | ​ | (3 879) | ​ | 3 947 | ​
Net assets at the end of the year | ​ | 19 039 | ​ | 21 452 | ​
Carrying value of equity accounted investment | ​ | 9 329 | ​ | 10 511 | ​

X
- Definition The disclosure of the reconciliation of the summarised financial information of a joint venture accounted for using the equity method to the carrying amount of the reporting entity's interest in the joint venture. [Refer: Carrying amount [member]; Joint ventures [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 12 -IssueDate 2020-01-01 -Paragraph B14 -Subparagraph b -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2020-en-r&anchor=para_B14_b&doctype=Appendix&subtype=B -URIDate 2020-01-01 + Details
Name: | ifrs-full_DisclosureOfReconciliationOfSummarisedFinancialInformationOfJointVentureAccountedForUsingEquityMethodToCarryingAmountOfInterestInJointVentureExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Schedule of capital commitments relating to equity accounted investments + References No definition available. + Details
Name: | ssl_ScheduleOfCapitalCommitmentsRelatingToEquityAccountedInvestmentsTableTextBlock
Namespace Prefix: | ssl_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of interest in equity accounted investments and total carrying values + References No definition available. + Details
Name: | ssl_ScheduleOfInterestInEntityAccountedInvestmentsAndTotalCarryingValuesTableTextBlock
Namespace Prefix: | ssl_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Summarised financial information for the group's share of equity accounted investments which are not material + References No definition available. + Details
Name: | ssl_SummarisedFinancialInformationForGroupSShareOfEquityAccountedInvestmentsWhichAreNotMaterialTableTextBlock
Namespace Prefix: | ssl_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration