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Trade and other receivables | 12 Months Ended
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Jun. 30, 2022
Trade and other receivables |
Trade and other receivables |
25 | Trade and other receivables
​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021
for the year ended 30 June |  | Rm |  | Rm
Trade receivables1 |  | 32 778 |  | 23 692
Other receivables |  | 4 546 |  | 3 708
Related party receivables — equity accounted investments2 |  | 2 074 |  | 255
Impairment of trade and other receivables* |  | (462) |  | (515)
Trade and other receivables |  | 38 936 |  | 27 140
Slate recovery receivable3 | ​ | 2 571 | ​ | 78
Duties recoverable from customers |  | 485 |  | 263
Prepaid expenses and other |  | 2 115 |  | 1 860
Value added tax4 |  | 2 564 |  | 1 592
​ |  | 46 671 |  | 30 933
| 1 | Increase mainly as a result of higher sales prices and weaker Rand/$ closing rate.
| 2 | Included in related party receivables is a dividend receivable from ORYX GTL Limited of R1,6 billion.
| 3 | Sasol Oil Slate balance reflecting an under recovery mainly as a result of increased international crude oil prices coupled with a weak Rand/$ exchange rate. The slate balance will be recovered through the Department of Mineral Resources and Energy's slate levy mechanism and under recoveries due to BFP price changes.
| 4 | Increase due to refund received after 30 June 2022.
*Impairment of trade receivables Trade receivables are considered for impairment under the expected credit loss model. Trade receivables are written off when there is no reasonable prospect that the customer will pay. Refer to note 39 for detail on the impairments recognised. No individual customer represents more than 10% of the group’s trade receivables. Collateral The group holds no collateral over the trade receivables which can be sold or pledged to a third party. Accounting policies: Trade and other receivables are recognised initially at transaction price and subsequently stated at amortised cost using the effective interest rate method, less impairment losses. A simplified expected credit loss model is applied for recognition and measurement of impairments in trade receivables, where expected lifetime credit losses are recognised from initial recognition, with changes in loss allowances recognised in profit and loss. The group did not use a provisional matrix. Trade and other receivables are written off where there is no reasonable expectation of recovering amounts due. The trade receivables do not contain a significant financing component.

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- Definition The disclosure of trade and other receivables. [Refer: Trade and other receivables] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2021-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2021-en-r&anchor=para_10_e&doctype=Standard -URIDate 2021-03-24 + Details
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