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Equity accounted investments (Tables) | 12 Months Ended
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Jun. 30, 2022
Equity accounted investments. |
Schedule of interest in equity accounted investments and total carrying values | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Country of |  |  |  | Interest |  | 2022 |  | 2021
Name | ​ | incorporation | ​ | Nature of activities | ​ | % | ​ | Rm | ​ | Rm
Joint ventures | ​ |  | ​ |  | ​ |  | ​ |  | ​ |
ORYX GTL Limited |  | Qatar |  | GTL plant |  | 49 |  | 8 920 |  | 9 329
Sasol Dyno Nobel (Pty) Ltd |  | South Africa |  | Manufacturing and distribution of explosives |  | 50 |  | 267 |  | 260
Associates |  | ​ |  |  |  | ​ |  | ​ |  |
Enaex Africa (Pty) Ltd |  | South Africa |  | Manufacturing and distribution of explosives |  | 23 |  | 309 |  | 295
The Republic of Mozambique Pipeline Investment Company (Pty) Ltd (ROMPCO)¹ | ​ | South Africa | ​ | Owning and operating of the natural gas transmission pipeline between Temane in Mozambique and Secunda in South Africa for the transportation of natural gas produced in Mozambique to markets in Mozambique and South Africa | ​ | 20 | ​ | 2 753 | ​ | —
Other equity accounted investments |  | ​ |  | ​ |  | Various |  | 435 |  | 258
Carrying value of investments |  |  |  |  |  |  |  | 12 684 |  | 10 142
| 1 | Effective 29 June 2022 Sasol disposed of 30% of its shareholding in ROMPCO. The group retains 20% shareholding and the ability to appoint 4 of the 14 directors. Accordingly, the investment in ROMPCO is accounted for as an associate from the disposal date.
Summarised financial information for the group's share of equity accounted investments which are not material | ​
​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021
for the year ended 30 June | ​ | Rm | ​ | Rm
Operating profit |  | 114 |  | 128
Profit before tax |  | 159 |  | 140
Taxation |  | (50) |  | (45)
Profit for the year |  | 109 |  | 95
| * | The financial information provided represents the group’s share of the results of the equity accounted investments.
Schedule of capital commitments relating to equity accounted investments | ​
​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021
Capital commitments relating to equity accounted investments |  | Rm |  | Rm
Capital commitments, excluding capitalised interest, include all projects for which specific board approval has been obtained up to the reporting date. Projects still under investigation for which specific board approvals have not yet been obtained are excluded from the following: | ​ |  | ​ |
Authorised and contracted for |  | 688 |  | 622
Authorised but not yet contracted for |  | 884 |  | 713
Less: expenditure to the end of year |  | (562) |  | (348)
​ |  | 1 010 |  | 987
Summarised financial information for the group's material joint ventures | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Joint venture |
​ |  | ORYX GTL Limited |
​ |  | 2022 |  | 2021 |
for the year ended 30 June |  | Rm |  | Rm |
Summarised statement of financial position | ​ |  | ​ | ​ | ​ |
Non-current assets | ​ | ​ | 13 723 | ​ | 13 149 | ​
Deferred tax asset | ​ | ​ | 292 | ​ | 212 | ​
Cash and cash equivalents* | ​ | ​ | 4 208 | ​ | 2 682 | ​
Other current assets | ​ | ​ | 7 775 | ​ | 5 307 | ​
Total assets | ​ | ​ | 25 998 | ​ | 21 350 | ​
Other non-current liabilities | ​ | ​ | 704 | ​ | 742 | ​
Other current liabilities | ​ | ​ | 4 594 | ​ | 1 178 | ​
Tax payable | ​ | ​ | 2 496 | ​ | 391 | ​
Total liabilities | ​ | ​ | 7 794 | ​ | 2 311 | ​
Net assets | ​ | ​ | 18 204 | ​ | 19 039 | ​
Summarised income statement | ​ | ​ | ​ | ​ | ​ | ​
Turnover | ​ | ​ | 16 620 | ​ | 8 538 | ​
Depreciation and amortisation | ​ | ​ | (1 625) | ​ | (1 759) | ​
Other operating expenses | ​ | ​ | (5 497) | ​ | (4 513) | ​
Operating profit before interest and tax | ​ | ​ | 9 498 | ​ | 2 266 | ​
Finance income | ​ | ​ | 33 | ​ | 6 | ​
Finance cost | ​ | ​ | (42) | ​ | (48) | ​
Profit before tax | ​ | ​ | 9 489 | ​ | 2 224 | ​
Taxation | ​ | ​ | (3 329) | ​ | (758) | ​
Profit and total comprehensive income for the year | ​ | ​ | 6 160 | ​ | 1 466 | ​
The group’s share of profits of equity accounted investment | ​ | ​ | 3 019 | ​ | 719 | ​
49% share of profit before tax | ​ | ​ | 4 650 | ​ | 1 090 | ​
Taxation | ​ | ​ | (1 631) | ​ | (371) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
Reconciliation of summarised financial information | ​ | ​ |  | ​ |  | ​
Net assets at the beginning of the year | ​ | ​ | 19 039 | ​ | 21 452 | ​
Earnings before tax for the year | ​ | ​ | 9 489 | ​ | 2 224 | ​
Taxation | ​ | ​ | (3 329) | ​ | (758) | ​
Foreign exchange differences | ​ | ​ | 2 438 | ​ | (3 879) | ​
Dividends paid** | ​ | ​ | (9 433) | ​ | — | ​
Net assets at the end of the year | ​ | ​ | 18 204 | ​ | 19 039 | ​
Carrying value of equity accounted investment | ​ | ​ | 8 920 | ​ | 9 329 | ​
*Cash and cash equivalents was disclosed separately from other current assets in the current and prior year. **ORYX GTL Limited declared a dividend of R4,6 billion (Sasol’s share) of which R3 billion has been received at 30 June 2022. Refer to note 25.
Summarised financial information for the group's material associates | ​
​ | ​ | ​ | ​ | ​
​ | ​ | Associate
​ | ​ | The Republic of
​ | ​ | Mozambique Pipeline
​ | ​ | Investment Company
​ | ​ | (Pty) Ltd (ROMPCO)
​ | ​ | 2022 | ​ | 2021
for the year ended 30 June |  | Rm |  | Rm
Summarised statement of financial position |  |  |  |
Non-current assets1 |  | 5 770 |  | —
Cash and cash equivalents |  | 1 056 |  | —
Other current assets |  | 373 |  | —
Total assets |  | 7 199 |  | —
Other non-current liabilities |  | 812 |  | —
Other current liabilities |  | 125 |  | —
Tax payable |  | 51 |  | —
Total liabilities |  | 988 |  | —
Net assets |  | 6 211 |  | —
Carrying value of equity accounted investment |  | 2 753 |  | —
1 Includes fair value adjustment on acquisition of investment.

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