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Turnover
12 Months Ended
Jun. 30, 2021
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2021

    

2020

    

2019

 

for the year ended 30 June

 Rm

 Rm

 Rm

 

Turnover

Revenue by major product line

Energy business

 

65 676

 

67 415

 

85 536

Coal1

 

2 025

 

1 343

 

3 222

Liquid fuels and crude oil2

 

58 265

 

60 119

 

76 328

Gas (methane rich and natural gas) and condensate3

 

5 386

 

5 953

 

5 986

Chemicals business

133 136

119 840

114 832

Advanced materials4

7 380

7 200

7 349

Base chemicals5

45 684

40 262

34 967

Essential care6

44 314

40 112

41 084

Performance solutions7

35 758

32 266

31 432

Other (Technology, refinery services)9

 

2 288

 

2 313

 

2 308

Revenue from contracts with customers

 

201 100

 

189 568

 

202 676

Revenue from other contracts8

 

810

 

799

 

900

 

201 910

 

190 367

 

203 576

1

Derived from Mining segment.

2

Derived from Fuels segment.

3

Derived from Gas segment.

4

Approximately 37% (2020 – 29%; 2019 – 28%) of revenue from advanced materials is derived from Chemicals Africa while 52% (2020 - 56%; 2019 - 57%) is derived from Chemicals Eurasia and the remaining revenue is derived from Chemicals America.

5

Approximately 59% (2020 – 59%; 2019 – 74%) of revenue from base chemicals is derived from Chemicals Africa while 33% (2020 – 29%; 2019 – 18%) is derived from Chemicals America and the remaining revenue is derived from Chemicals Eurasia.

6

Approximately 70% of revenue from essential care products is derived from Chemicals Eurasia and approximately 30% is derived from Chemicals America for all three years presented.

7

Approximately 70% of revenue from performance solutions is derived from Chemicals Eurasia and approximately 15% from Chemicals America and Chemicals Africa each for all three years presented.

8

Relates to the Fuels segment and includes franchise rentals, use of fuel tanks and fuel storage.

9

Relates to the Gas and Fuels segments.

The disaggregation of revenue was updated in the current year and comparatives have been revised - refer to note 1.

Accounting policies:

Revenue from contracts with customers is recognised when the control of goods or services has transferred to the customer through the satisfaction of a performance obligation. Group performance obligations are satisfied at a point in time and over time, however the group mainly satisfies its performance obligations at a point in time. For further information on revenue recognition, refer to Segment information on pages 10 to 12.

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Revenue recognised reflects the consideration that the group expects to be entitled to for each distinct performance obligation after deducting indirect taxes, rebates and trade discounts and consists primarily of the sale of fuels,oil, natural gas and chemical products, services rendered, license fees and royalties. The group allocates revenue based on stand-alone selling prices.

The group enters into exchange agreements with the same counterparties for the purchase and sale of inventory that are entered into in contemplation of one another. When the items exchanged are similar in nature, these transactions are combined and accounted for as a single exchange transaction. The exchange is recognised at the carrying amount of the inventory transferred.

Revenue from arrangements that are not considered contracts with customers, mainly pertaining to franchise rentals, use of fuel tanks and fuel storage, is presented as revenue from other contracts.

The period between the transfer of the goods and services to the customer and the payment by the customer does not exceed 12 months and the group does not adjust for time value of money.