XML 270 R31.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Interest in joint operations | 12 Months Ended
--- | ---
Jun. 30, 2022
Interest in joint operations |
Interest in joint operations |
22 | Interest in joint operations
At 30 June, the group’s interest in material joint operations were: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  |  |  |  |  | % of equity owned
​ | ​ | ​ | ​ | ​ | ​ | 2022 | ​ | 2021
Name |  | Country of incorporation |  | Nature of activities |  | % |  | %
Louisiana Integrated Polyethylene JV LLC | ​ | United States of America | ​ | Manufactures high density polyethylene chemicals | ​ | 50 | ​ | 50
Sasol Canada1 |  | Canada |  | Development of shale gas reserves and production and marketing of shale gas |  | — |  | 50
Natref |  | South Africa |  | Refining of crude oil |  | 64 |  | 64
| 1 | The Group sold its investment in Sasol Canada on 29 July 2021.
In accordance with the Group's accounting policy, the results of joint operations are accounted for on a line by line basis. The information provided is Sasol’s share of joint operations (excluding unincorporated joint operations) and includes intercompany transactions and balances.
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Louisiana | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Integrated | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Polyethylene |  |  |  | Total | ​ | Total
​ |  | JV LLC* |  | Natref |  | 2022 | ​ | 2021**
for the year ended 30 June |  | Rm |  | Rm |  | Rm |  | Rm
Statement of financial position | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
External non-current assets | ​ | 30 554 | ​ | 3 595 | ​ | 34 149 | ​ | 30 647
External current assets | ​ | 1 006 | ​ | 351 | ​ | 1 357 | ​ | 4 872
Intercompany current assets | ​ | 60 | ​ | 12 | ​ | 72 | ​ | 2
Total assets | ​ | 31 620 | ​ | 3 958 | ​ | 35 578 | ​ | 35 521
Shareholders’ equity | ​ | 30 785 | ​ | 296 | ​ | 31 081 | ​ | 28 754
Long-term liabilities | ​ | 27 | ​ | 2 427 | ​ | 2 454 | ​ | 2 522
Interest-bearing current liabilities | ​ | 44 | ​ | 193 | ​ | 237 | ​ | 225
Non-interest-bearing current liabilities | ​ | 546 | ​ | 655 | ​ | 1 201 | ​ | 2 607
Intercompany current liabilities | ​ | 218 | ​ | 387 | ​ | 605 | ​ | 1 413
Total equity and liabilities | ​ | 31 620 | ​ | 3 958 | ​ | 35 578 | ​ | 35 521
| * | The joint operation with LyondellBasell operates as a tolling arrangement. Sasol retains control of our portion of 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. Equistar, as subsidiary of LyondellBasell, acts as an independent agent, for a fee, to exclusively market and sell all of Sasol's Linear low-density polyethylene (LLDPE) and Low-density polyethylene (LDPE) produced by the joint operation to customers.
| ** | The group sold it's investment in Sasol Canada on 29 July 2021 and its investment in Central Térmica de Ressano Garcia (CTRG) on 29 April 2022.
At 30 June 2022, the group’s share of the total capital commitments of joint operations amounted to R952 million (2021 – R717 million).

X
- Definition The disclosure of interests in joint arrangements. A joint arrangement is an arrangement of which two or more parties have joint control. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 12 -IssueDate 2021-01-01 -Paragraph 2 -Subparagraph b -Clause ii -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2021-en-r&anchor=para_2_b_ii&doctype=Standard -URIDate 2021-03-24 + Details
Name: | ifrs-full_DisclosureOfInterestsInJointArrangementsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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