Earnings per share is derived by dividing attributable earnings by the weighted average number of shares, after taking the long-term incentives (LTIs) and the Sasol Khanyisa share transactions into account. Appropriate adjustments are made in calculating diluted, headline and diluted headline earnings per share.

Diluted earnings per share (DEPS) and diluted headline earnings per share (DHEPS)

DEPS and DHEPS are calculated considering the potential dilution that could occur if all of the group’s long-term incentives (LTIs) had vested, if all outstanding share options were exercised and the effect of all dilutive potential ordinary shares resulting from the Sasol Khanyisa Tier 1 share transactions.

The number of shares outstanding is adjusted to show the potential dilution if the LTI’s and Sasol Khanyisa Tier 1 were settled in Sasol Limited shares.

The Sasol Khanyisa Tier 2 and Khanyisa Public are anti-dilutive for EPS and HEPS in 2021, 2020 and 2019.

Due to the net loss attributable to shareholders in 2020, the inclusion of the long-term incentive scheme and Khanyisa Tier 1 share options as potential ordinary shares had an anti-dilutive effect on the loss per share and were therefore not taken into account in the 2020 calculation of DEPS and HEPS.


	2021	2020	2019
for the year ended 30 June	Rm	Rm	Rm
Diluted earnings/(loss) is determined as follows:
Earnings/(loss) attributable to owners of Sasol Limited	9 032	(91 754)	3 389
Diluted earnings/(loss) attributable to owners of Sasol Limited	9 032	(91 754)	3 389
Diluted headline earnings/(loss) is determined as follows:
Headline earnings/(loss) attributable to owners of Sasol Limited	24 503	(7 106)	19 052
Diluted headline earnings/(loss) attributable to owners of Sasol Limited	24 503	(7 106)	19 052


	2021	2020	2019
for the year ended 30 June	Rand	Rand	Rand
Diluted earnings/(loss) per share	14,39	(148,49)	5,46
Diluted headline earnings/(loss) per share	39,03	(11,50)	30,71