Annual Financial Statements for the year ended 30 June 2021 0 - Book - Page 70
1
2
3
4
SASOL LIMITED GROUP
Operating and other activities continued
for the year ended 30 June
6
2021
Rm
2020
Rm
2019
Rm
(1 233)
158
6 318
267
1 275
(891)
(6 946)
20
98
(372)
965
(87)
5 510
(6 542)
604
Translation gains/(losses)
Arising from
Trade and other receivables
Trade and other payables
Foreign currency loans*
Other
* Relates to intergroup exposure on foreign currency loans. A portion of the LCCP has been financed with US dollar funds through intergroup loans.
for the year ended 30 June
7
2021
Rm
2020
Rm
2019
Rm
–
739
2 563
565
136
(2 282)
2 828
–
681
2 469
844
144
6 997
2 067
1 845
514
2 155
786
97
2 465
2 226
434
2 394
333
1 734
454
1 772
(361)
(87)
10 022
(2 024)
(2 078)
418
10 738
(1 446)
1 096
470
9 410
(1 363)
12 099
20 834
19 701
Other operating expenses and income
Rentals¹
Insurance
Computer costs
Hired labour
Audit remuneration
Derivative (gains)/losses (including foreign exchange contracts)²
Professional fees
Enablement of digital and continuous improvement initiatives
Other³
Changes in rehabilitation provisions⁴
Expected credit losses (released)/raised
Other expenses⁵
Other operating income⁶
1 Relates to the application of IFRS 16, as leases previously classified as operating leases under IAS 17 are now capitalised.
2 Relates mainly to the group's hedging activities. Refer to page 137.
3 The 2021 increase relates mainly to standby underwriters fees, legal fees and other cost incurred in relation to the potential rights issue which was
announced on 17 March 2020.
4 R674 million (2020 – R1,3 billion; 2019 – R688 million) relates to the change in discount rates applied in calculating the rehabilitation provision, while
R412 million relates to additional provisions and changes to existing provisions.
5 The 2020 increase relates to R586 million for the Oxygen Train 17 oxygen supply agreement with Air Liquide, which was recognised as a finance lease
under IAS 17. With the adoption of IFRS 16 the agreement was recognised as a service agreement.
6 The 2021 increase relates to income from emission right sales in Germany and Italy.
68
Sasol Annual Financial Statements 2021