XML 129 R57.htm IDEA: XBRL DOCUMENT
v3.23.2

Remeasurement items affecting operating profit (Tables) | 12 Months Ended
--- | ---
Jun. 30, 2023
Remeasurement items affecting operating profit |
Schedule of remeasurement items affecting operating profit | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | 2023 | ​ | 2022 | ​ | 2021 |
for the year ended 30 June |  | Note |  | Rm |  | Rm |  | Rm |
Effect of remeasurement items for subsidiaries and joint operations | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Impairment of assets |  | ​ |  | ​ | 37 298 |  | 77 |  | 34 200 | ​
property, plant and equipment |  | 17 |  | ​ | 36 496 |  | 70 |  | 33 973 | ​
right of use assets |  | 15 |  | ​ | 546 |  | 6 |  | 35 | ​
other intangible assets |  | ​ |  | ​ | 256 |  | 1 |  | 80 | ​
equity accounted investment | ​ | ​ | ​ | ​ | — | ​ | — | ​ | 112 | ​
Reversal of impairment of assets |  | ​ |  | ​ | (3 649) |  | (1 520) |  | (5 468) | ​
property, plant and equipment |  | 17 |  | ​ | (3 649) |  | (1 505) |  | (5 440) | ​
right of use assets | ​ | 15 | ​ | ​ | — | ​ | (15) | ​ | (2) | ​
other intangible assets | ​ | ​ | ​ | ​ | — | ​ | — | ​ | (26) | ​
(Profit)/loss on |  | 9 |  | ​ | (650) |  | (8 460) |  | (5 520) | ​
disposal of property, plant and equipment1 |  | ​ |  | ​ | (500) |  | (67) |  | (96) | ​
disposal of other intangible assets |  | ​ |  | ​ | 3 |  | 2 |  | (130) | ​
disposal of other assets |  | ​ |  | ​ | — |  | — |  | 52 | ​
disposal of businesses2 |  | ​ |  | ​ | (516) |  | (11 850) |  | (5 615) | ​
scrapping of property, plant and equipment |  | ​ |  | ​ | 363 |  | 3 366 |  | 269 | ​
sale and leaseback transactions | ​ | ​ | ​ | ​ | — | ​ | 89 | ​ | — | ​
Write-off of unsuccessful exploration wells3 |  | ​ |  | ​ | 899 |  | — |  | 6 | ​
Remeasurement items per income statement |  | ​ |  | ​ | 33 898 |  | (9 903) |  | 23 218 | ​
Tax impact |  | ​ |  | ​ | (8 951) |  | 702 |  | (7 771) | ​
impairment of assets | ​ | ​ | ​ | ​ | (9 831) | ​ | (2) | ​ | (9 513) | ​
reversal of impairment of assets | ​ | ​ | ​ | ​ | 854 | ​ | 421 | ​ | 1 228 | ​
profit/loss on disposals, scrapping and sale and leaseback transactions | ​ | ​ | ​ | ​ | 26 | ​ | 283 | ​ | 516 | ​
write-off of unsuccessful exploration wells |  | ​ |  | ​ | — |  | — |  | (2) | ​
Non-controlling interest effect | ​ | ​ | ​ | ​ | 8 | ​ | (20) | ​ | 1 | ​
Effect of remeasurement items for equity accounted investments |  | ​ |  | ​ | 23 |  | — |  | 23 | ​
Total remeasurement items for the Group, net of tax |  | ​ |  | ​ | 24 978 |  | (9 221) |  | 15 471 | ​
Schedule of main assumptions used for impairment calculations | Main assumptions used for impairment calculations
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | 2023 |  | 2022 |  | 2021
Long-term average crude oil price (Brent)* | ​ | US$/bbl | ​ | 88,02 | ​ | 93,24 | ​ | 70,09
Long-term average ethane price* |  | US$c/gal |  | 42,33 |  | 43,15 |  | 37,18
Long-term average ammonia price* |  | Rand/ton |  | 9 046,19 |  | 10 173,00 |  | 5 297,00
Long-term average Southern African gas purchase price (real)* |  | US$/Gj |  | 10,93 |  | 8,94 |  | 8,41
Long-term average refining margin* |  | US$/bbl |  | 12,34 |  | 12,23 |  | 9,67
Long-term average exchange rate* |  | Rand/US$ |  | 17,40 |  | 15,95 |  | 14,57
| * | Assumptions are provided on a long-term average basis in nominal terms unless indicated otherwise. Oil and ammonia price and exchange rate assumptions are calculated based on a five year period, while the ethane price is based on a ten year period. The refining margin is calculated until 2034, linked to the Sasolburg refinery’s useful life. The Southern African gas purchase price is calculated from 2030 until 2050 being the point at which gas from the existing gas fields in Mozambique are fully utilised and is linked to the South African integrated value chain’s useful life. The gas price is based on current observable market prices and are not comparable to the production cost of our own field development.
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | ​ |  | United |  | ​ | ​ | ​
​ | ​ | ​ | ​ | South | ​ | States of | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Africa | ​ | America | ​ | Europe
​ | ​ | ​ | ​ | % | ​ | % | ​ | %
Growth rate — long-term Producer Price Index |  | 2023 |  | 5,50 |  | 2,00 |  | ​ | ​ | 2,00
Weighted average cost of capital* |  | 2023 |  | 15,20 |  | 9,07 |  | 9,07 | – | 10,68
Growth rate — long-term Producer Price Index |  | 2022 |  | 5,50 |  | 2,00 |  | ​ | ​ | 2,00
Weighted average cost of capital* |  | 2022 |  | 14,41 |  | 8,13 |  | 8,13 | – | 9,57
Growth rate — long-term Producer Price Index |  | 2021 |  | 5,50 |  | 2,00 |  | ​ | ​ | 2,00
Weighted average cost of capital* |  | 2021 |  | 14,03 |  | 7,70 |  | 7,70 | – | 9,05
| * | Calculated using spot market factors on 30 June.
Summary of significant impairment/(reversal of impairment) of assets | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Property, |  | ​ |  | Other |  | ​
​ | ​ | plant and | ​ | Right of | ​ | intangible | ​ | ​
​ | ​ | equipment | ​ | use assets | ​ | assets | ​ | Total
​ | ​ | 2023 | ​ | 2023 | ​ | 2023 | ​ | 2023
Segment and Cash-generating unit (CGU) | ​ | Rm | ​ | Rm | ​ | Rm | ​ | Rm
Fuels segment |  |  |  |  |  |  |  |
Secunda liquid fuels refinery |  | 34 634 |  | 436 |  | 246 |  | 35 316
Chemicals Africa |  |  |  |  |  |  |  |
South African Wax |  | 928 |  | — |  | 4 |  | 932
Chemicals Eurasia |  |  |  |  |  |  |  |
China Essential Care Chemicals (ECC) |  | 766 |  | 110 |  | — |  | 876
Chemicals America |  |  |  |  |  |  |  |
Tetramerization |  | (3 645) |  | — |  | — |  | (3 645)
Other (net) |  | 164 |  | — |  | 6 |  | 170
​ |  | 32 847 |  | 546 |  | 256 |  | 33 649
​
​ | ​ | ​ | ​ | ​
Segment and Cash-generating unit |  | ​ |  | 2022
(CGU) | ​ | Description | ​ | Rm
Chemicals Africa | ​ | ​ | ​ | ​
Chemical Work-up & Heavy Alcohols |  | The CGU recognised impairments of R1,7 billion during 2020 largely due to the reduced-price outlook as a result of the low oil price environment and the COVID-19 pandemic. A higher price outlook on the back of a sustained increase in demand for alcohols into the personal hygiene market during and post the COVID-19 pandemic, resulted in the reversal of impairment at 31 December 2021. |  | (1 396)
Other (net) | ​ | ​ |  | (47)
​ | ​ | ​ |  | (1 443)
​
​ | ​ | ​ | ​ | ​
Segment and Cash-generating unit | ​ | ​ | ​ | 2021
(CGU) | ​ | Description | ​ | Rm
Fuels segment | ​ | ​ | ​ | ​
Secunda liquid fuels refinery | ​ | The impairment was largely due to a stronger forecasted rand/US$ exchange rate which impacted negatively on the forecasted Basic Fuel Price (BFP). | ​ | 24 456
Chemicals America | ​ | ​ | ​ | ​
Ethylene Oxide/Ethylene Glycol (EO/EG) | ​ | The Ziegler Alcohols Unit (Ziegler) delivers alcohol feed to the Ethoxylates (ETO) unit. In previous CGU assessments, the EO and EG plant together with the ETO plant were considered to be a separate CGU from the Alcohol units (Ziegler and Guerbet). During 2021 the CGUs were reassessed to be one integrated CGU. The impairment assessment of the combined CGU showed significant headroom resulting in the full remaining FY19 impairment of the EO/EG CGU being reversed. | ​ | (4 934)
Chemicals Africa | ​ | ​ | ​ | ​
Chlor Alkali and PVC | ​ | The impairment of the Chlor Alkali and PVC CGUs is as a result of the stronger forecast of the rand against the US dollar exchange rate and lower sales volumes. In addition, this CGU was further negatively impacted by the pending sale of the Sodium Cyanide business. | ​ | 1 094
Southern Africa Wax value chain | ​ | The impairment on the Wax value chain was driven by higher future LNG gas imports and SPT gas costs, lower sales volumes and prices due to reduced gas availability in 2022 and 2023 and the strengthening of the rand against the US dollar. | ​ | 7 863
Gas Segment | ​ | ​ | ​ | ​
Sasol Canada – Shale gas assets | ​ | Sasol signed an agreement to divest of all our interests in Canada to Canadian Natural Resources Limited. Previous impairments of CAD45 million were reversed at 30 June 2021 to measure the carrying value of the disposal group at its fair value less cost to sell. | ​ | (521)
Other | ​ | ​ | ​ | 774
​ | ​ | ​ | ​ | 28 732

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

X
- Definition The disclosure of information for an individual asset, including goodwill, or a cash-generating unit, for which an impairment loss has been recognised or reversed. [Refer: Goodwill; Impairment loss; Reversal of impairment loss; Cash-generating units [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 36 -IssueDate 2022-03-24 -Paragraph 130 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=36&code=ifrs-tx-2022-en-r&anchor=para_130&doctype=Standard -URIDate 2022-03-24 + Details
Name: | ifrs-full_DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of an impairment loss recognised or reversed for a cash-generating unit. [Refer: Impairment loss; Reversal of impairment loss] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 36 -IssueDate 2022-03-24 -Paragraph 130 -Subparagraph d -Clause ii -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=36&code=ifrs-tx-2022-en-r&anchor=para_130_d_ii&doctype=Standard -URIDate 2022-03-24 + Details
Name: | ifrs-full_ExplanationOfImpairmentLossRecognisedOrReversedByClassOfAssetsAndByReportableSegment
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of the main assumptions used for impairment calculations in relation to non-financial assets. + References No definition available. + Details
Name: | ssl_DisclosureOfMainAssumptionsUsedForImpairmentCalculationsTableTextBlock
Namespace Prefix: | ssl_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration