XML 102 R30.htm IDEA: XBRL DOCUMENT
v3.23.2

Interest in joint operations | 12 Months Ended
--- | ---
Jun. 30, 2023
Interest in joint operations |
Interest in joint operations |
20 | Interest in joint operations
At 30 June, the Group’s interest in material joint operations were: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  |  |  |  |  | % of equity owned
​ | ​ | ​ | ​ | ​ | ​ | 2023 | ​ | 2022
Name |  | Country of incorporation |  | Nature of activities |  | % |  | %
Louisiana Integrated Polyethylene JV LLC | ​ | United States of America | ​ | Manufactures ethylene and polyethylene chemicals | ​ | 50 | ​ | 50
Natref |  | South Africa |  | Refining of crude oil |  | 64 |  | 64
​ 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 |  | 2023 | ​ | 2022
for the year ended 30 June |  | Rm |  | Rm |  | Rm |  | Rm
Statement of financial position | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
External non-current assets | ​ | 35 190 | ​ | 3 846 | ​ | 39 036 | ​ | 34 149
External current assets | ​ | 1 123 | ​ | 414 | ​ | 1 537 | ​ | 1 357
Intercompany current assets | ​ | 187 | ​ | 2 | ​ | 189 | ​ | 72
Total assets | ​ | 36 500 | ​ | 4 262 | ​ | 40 762 | ​ | 35 578
Shareholders’ equity | ​ | 35 482 | ​ | 304 | ​ | 35 786 | ​ | 31 081
Long-term liabilities | ​ | 33 | ​ | 2 710 | ​ | 2 743 | ​ | 2 454
Interest-bearing current liabilities | ​ | 12 | ​ | 168 | ​ | 180 | ​ | 237
Non-interest-bearing current liabilities | ​ | 785 | ​ | 703 | ​ | 1 488 | ​ | 1 201
Intercompany current liabilities | ​ | 188 | ​ | 377 | ​ | 565 | ​ | 605
Total equity and liabilities | ​ | 36 500 | ​ | 4 262 | ​ | 40 762 | ​ | 35 578
| * | 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, a subsidiary of LyondellBasell, acts as an independent agent, for a fee, to exclusively market and sell all of Sasol’s Linear low-density polyethylene and Low-density polyethylene produced by the joint operation to customers.
At 30 June 2023, the Group’s share of the total capital commitments of joint operations amounted to R1 155 million (2022 - R977 million). Accounting policies: The Group recognises its share of any jointly held or incurred assets, liabilities, revenues and expenses along with the Group’s income from the sale of its share of the output and any liabilities and expenses that the Group has incurred in relation to the joint operation. These have been incorporated in the financial statements under the appropriate headings.

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 2022-03-24 -Paragraph 2 -Subparagraph b -Clause ii -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2022-en-r&anchor=para_2_b_ii&doctype=Standard -URIDate 2022-03-24 + Details
Name: | ifrs-full_DisclosureOfInterestsInJointArrangementsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types: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