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Turnover

12 Months Ended

Jun. 30, 2023

2	Turnover


	2023		2022	2021
for the year ended 30 June	Rm		Rm	Rm
Revenue by major product line
Energy business		128 850	105 998	65 676
Coal¹		6 386	6 370	2 025
Liquid fuels and crude oil (revised, refer to note 1)²		115 311	93 044	58 265
Gas (methane rich and natural gas) and condensate³		7 153	6 584	5 386
Chemicals business		159 520	160 407	133 136
Advanced materials⁶		9 699	7 249	7 380
Base chemicals⁶		50 663	51 223	45 684
Essential care⁶		63 468	62 989	44 314
Performance solutions⁶		35 690	38 946	35 758
Other (Technology, refinery services)⁴		1 626	2 550	2 288
Revenue from contracts with customers		289 996	268 955	201 100
Revenue from other contracts⁵		(300)	3 791	810
Total external turnover		289 696	272 746	201 910

Derived from Mining segment.

Derived from Fuels segment.

Derived primarily from Gas segment.

Relates primarily to the Gas, Fuels and Chemicals Eurasia segments.

Relates to the Fuels segment and includes franchise rentals, use of fuel tanks, fuel storage and Sasol Oil slate. The current year negative slate revenue is due to a reduction in the slate balance of R1,2 billion as a result of an over recovery in the basic fuel price (BFP) charged to customers for the period 1 July 2022 to 30 June 2023.

Chemicals business analysis:

Accounting policies:

Revenue from contracts with customers is recognised when the control of goods or services has transferred to the customer through the satisfaction of a performance obligation. Group performance obligations are satisfied at a point in time and over time, however the Group mainly satisfies its performance obligations at a point in time. For further information on revenue recognition, refer to Segment information on pages 18 to 19.

2	Turnover continued

Revenue recognised reflects the consideration that the Group expects to be entitled to for each distinct performance obligation after deducting indirect taxes, rebates and trade discounts and consists primarily of the sale of fuels, oil, natural gas and chemical products, services rendered, license fees and royalties. The Group allocates revenue based on stand-alone selling prices.

Purchases and sales of inventory with the same counterparty that are entered into in contemplation of one another to facilitate sales to customers are combined and recorded on a net basis when the items exchanged are similar in nature.

Revenue from arrangements that are not considered contracts with customers, mainly pertaining to franchise rentals, use of fuel tanks and fuel storage, is presented as revenue from other contracts.

The period between the transfer of the goods and services to the customer and the payment by the customer does not exceed 12 months and the Group does not adjust for time value of money.