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Interest in joint operations (Tables) | 12 Months Ended
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Jun. 30, 2021
Interest in joint operations |
Schedule of interest in joint operations | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  |  |  |  |  | % of equity owned
​ | ​ | ​ | ​ | ​ | ​ | 2021 | ​ | 2020
Name |  | Country of incorporation |  | Nature of activities |  | % |  | %
Louisiana Integrated Polyethylene JV LLC1 | ​ | United States of America | ​ | Manufactures high density polyethylene chemicals | ​ | 50 | ​ | —
Gemini HDPE LLC2 | ​ | United States of America | ​ | Manufactures high density polyethylene chemicals | ​ | — | ​ | 50
Sasol Canada3 |  | Canada |  | Development of shale gas reserves and production and marketing of shale gas |  | 50 |  | 50
Natref |  | South Africa |  | Refining of crude oil |  | 64 |  | 64
| 1 | Upon successful completion of the divestment of 50% of Sasol’s commodity chemicals units at our Lake Charles facility in December 2020, the 50/50 Louisiana Integrated Polyethylene joint venture (“JV”) with LyondellBasell was established. LyondellBasell operates the JV assets on behalf of the JV. The joint operation operates as a tolling arrangement and Sasol retains control to the goods during the toll processing, for which a fee is paid, and only recognises revenue when the finished goods are transferred to a final customer. Sasol and Equistar, a subsidiary of LyondellBasell, have entered into a marketing agreement pursuant to which Equistar is appointed as an independent agent to exclusively market and sell, in consideration for a fee, all of Sasol’s Linear low-density polyethylene (LLDPE) and Low-density polyethylene (LDPE) produced by the joint operation to customers.
| 2 | The Group sold it's investment in Gemini HDPE LLC on 31 December 2020.
| 3 | The Group has classified the assets and liabilities of the Canada joint operation as held for sale at 30 June 2021. The disposal subsequently closed on 29 July 2021. Refer to note 12.
The information provided is Sasol’s share of joint operations (excluding unincorporated joint operations) and includes intercompany transactions and balances.
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Louisiana | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Total | ​ | Total
​ | ​ | Integrated | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Polyethylene |  | Sasol |  |  |  | ​ | ​ | ​ | ​ | ​
​ |  | JV LLC |  | Canada* |  | Natref |  | Other** | ​ | 2021 | ​ | 2020
for the year ended 30 June |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm |  | Rm
Statement of financial position | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
External non-current assets | ​ | 27 226 | ​ | — | ​ | 3 421 | ​ | — | ​ | 30 647 | ​ | 12 917
External current assets | ​ | 665 | ​ | 1 379 | ​ | 319 | ​ | 2 509 | ​ | 4 872 | ​ | 1 682
Intercompany current assets | ​ | — | ​ | — | ​ | 1 | ​ | 1 | ​ | 2 | ​ | 40
Total assets | ​ | 27 891 | ​ | 1 379 | ​ | 3 741 | ​ | 2 510 | ​ | 35 521 | ​ | 14 639
Shareholders’ equity | ​ | 27 484 | ​ | 478 | ​ | 360 | ​ | 432 | ​ | 28 754 | ​ | 3 614
Long-term liabilities | ​ | 62 | ​ | — | ​ | 2 457 | ​ | 3 | ​ | 2 522 | ​ | 9 224
Interest-bearing current liabilities | ​ | 38 | ​ | — | ​ | 184 | ​ | 3 | ​ | 225 | ​ | 764
Non-interest-bearing current liabilities | ​ | 187 | ​ | 901 | ​ | 414 | ​ | 1 105 | ​ | 2 607 | ​ | 557
Intercompany current liabilities | ​ | 120 | ​ | — | ​ | 326 | ​ | 967 | ​ | 1 413 | ​ | 480
Total equity and liabilities | ​ | 27 891 | ​ | 1 379 | ​ | 3 741 | ​ | 2 510 | ​ | 35 521 | ​ | 14 639
| * | The Group has classified the assets and liabilities of the Canada joint operation as held for sale at 30 June 2021. The disposal subsequently closed on 29 July 2021. Refer to note 12.
| ** | Includes Central Térmica de Ressano Garcia (CTRG), which has been classified as held for sale at 30 June 2021. Refer to note 12.

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