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Interest in joint operations | 12 Months Ended
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Jun. 30, 2025
Interest in joint operations |
Interest in joint operations |
19 | Interest in joint operations
At 30 June, the Group’s interest in material joint operations were: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  |  |  |  |  | % of equity owned
​ | ​ | ​ | ​ | ​ | ​ | 2025 | ​ | 2024
Name |  | Country of incorporation |  | Nature of activities |  | % |  | %
Louisiana Integrated Polyethylene JV LLC (LIP JV) | ​ | United States of America | ​ | Manufactures ethylene and polyethylene chemicals. 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. | ​ | 50 | ​ | 50
National Petroleum Refiners of South Africa (Pty) Ltd (Natref) |  | South Africa |  | Inland refinery that uses crude oil to produce liquid fuels. Natref is a joint venture between Sasol and the PRAX Group. During the year, TotalEnergies disposed of its interest in the joint operation to the PRAX Group, resulting in a change in the joint arrangement’s shareholder structure. |  | 64 |  | 64
​
19 | Interest in joint operations continued
The information provided is Sasol’s share of joint operations (excluding unincorporated joint operations) and includes intercompany transactions and balances. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  |  |  | Total | ​ | Total
​ |  | LIP JV |  | Natref |  | 2025 | ​ | 2024
for the year ended 30 June |  | Rm |  | Rm |  | Rm |  | Rm
Statement of financial position | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
External non-current assets | ​ | 25 696 | ​ | — | ​ | 25 696 | ​ | 26 495
External current assets | ​ | 1 547 | ​ | 777 | ​ | 2 324 | ​ | 1 842
Intercompany current assets | ​ | 209 | ​ | 3 | ​ | 212 | ​ | 104
Total assets | ​ | 27 452 | ​ | 780 | ​ | 28 232 | ​ | 28 441
Shareholders’ equity | ​ | 25 900 | ​ | (4 294) | ​ | 21 606 | ​ | 22 673
Long-term liabilities | ​ | 32 | ​ | 3 600 | ​ | 3 632 | ​ | 3 082
Interest-bearing current liabilities | ​ | 6 | ​ | 104 | ​ | 110 | ​ | 90
Non-interest-bearing current liabilities | ​ | 1 091 | ​ | 599 | ​ | 1 690 | ​ | 1 858
Intercompany current liabilities | ​ | 423 | ​ | 771 | ​ | 1 194 | ​ | 738
Total equity and liabilities | ​ | 27 452 | ​ | 780 | ​ | 28 232 | ​ | 28 441
​ At 30 June 2025, the Group’s share of the total capital commitments of joint operations amounted to R2 003 million (2024 – R1 383 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.

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- 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 2024-01-01 -Paragraph 2 -Subparagraph b -Clause ii -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2024-en-r&anchor=para_2_b_ii&doctype=Standard -URIDate 2024-03-27 + Details
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