Equity accounted investments.

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.

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