Annual Financial Statements for the year ended 30 June 2021 0 - Book - Page 72
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SASOL LIMITED GROUP
Operating and other activities continued
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Earnings/(loss) and dividends per share continued
Earnings per share (EPS)
Earnings per share is derived by dividing attributable earnings by the weighted average number of shares, after taking the long-term
incentives (LTIs) and the Sasol Khanyisa share transactions into account. Appropriate adjustments are made in calculating diluted,
headline and diluted headline earnings per share.
2021
2020
Restated
2019
Restated
million
619,9
617,9
616,6
Rm
9 032
(91 754)
3 389
Rand
14,57
(148,49)
5,50
for the year ended 30 June
Weighted average number of shares
Earnings/(loss) attributable to owners of Sasol Limited
Basic earnings/(loss) per share
Headline earnings/(loss) per share (HEPS)
for the year ended 30 June
Weighted average number of shares
for the year ended 30 June
Note
2021
million
2020
million
2019
million
619,9
617,9
616,6
2021
2020
Restated
Rm
2019
Restated
Rm
Rm
Headline earnings/(loss) is determined as follows:
Earnings/(loss) attributable to owners of Sasol Limited
Adjusted for:
Effect of remeasurement items for subsidiaries and joint operations,
net of tax
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remeasurement items before tax
tax effect and non-controlling interest effect
Effect of remeasurement items for equity accounted investments
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9 032
(91 754)
3 389
15 448
84 648
15 648
23 218
(7 770)
111 978
(27 330)
20 062
(4 414)
23
24 503
Headline earnings/(loss)
2021
Rand
for the year ended 30 June
–
(7 106)
2020
Restated
Rand
15
19 052
2019
Restated
Rand
Headline earnings/(loss) attributable to owners of Sasol Limited
39,53
Headline earnings/(loss) per share
(11,50)
30,90
Diluted earnings per share (DEPS) and diluted headline earnings per share (DHEPS)
DEPS and DHEPS are calculated considering the potential dilution that could occur if all of the group’s long-term incentives (LTIs) had
vested, if all outstanding share options were exercised and the effect of all dilutive potential ordinary shares resulting from the Sasol
Khanyisa Tier 1 share transactions.
The number of shares outstanding is adjusted to show the potential dilution if the LTI’s and Sasol Khanyisa Tier 1 were settled in
Sasol Limited shares.
The Sasol Khanyisa Tier 2 and Khanyisa Public are anti-dilutive for EPS and HEPS in 2021, 2020 and 2019.
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Sasol Annual Financial Statements 2021