Annual Financial Statements for the year ended 30 June 2021 0 - Book - Page 105
2020
Significant operating subsidiaries
Indirect
The Republic of Mozambique Pipeline
Investment Company (Pty) Ltd (ROMPCO)¹
South Africa
Owning and operating of the
natural gas transmission pipeline
between Temane in Mozambique
and Secunda in South Africa for
the transportation of natural gas
produced in Mozambique to markets
in Mozambique and South Africa
50
50
Sasol Financing International Limited
South Africa
Management of cash resources,
investment and procurement of loans
(for our foreign operations)
100
100
Sasol Germany GmbH
Germany
Production, marketing and
distribution of chemical products
100
100
Sasol Italy SpA
Italy
Trading and transportation of oil
products, petrochemicals and
chemical products and derivatives
100
100
Sasol Mining (Pty) Ltd
South Africa
Coal mining activities
90
90
Sasol Canada Holdings Limited²
Canada
Exploration, development, production,
marketing and distribution of natural
oil and gas and associated products
in Canada
100
100
Sasol Chemicals (USA) LLC
United States Production, marketing and
of America
distribution of chemical products
100
100
Sasol Financing USA LLC
United States Management of cash resources,
of America
investment and procurement of loans
(for our North American operations)
100
100
1 Through contractual arrangements Sasol exercises control over the relevant activities of Rompco. The Group has classified the assets and liabilities
of Rompco as held for sale at 30 June 2020. Refer to note 12.
2 The Group has classified the assets and liabilities of Sasol Canada Holdings Limited as held for sale at 30 June 2021. Refer to note 12.
Our other interests in subsidiaries are not considered significant.
Non-controlling interests
The group has a number of subsidiaries with non-controlling interests, however none of them were material to the Statement of
Financial position.
Areas of judgement:
The disclosure of subsidiaries is based on materiality taking into account the contribution to turnover, assets of the group, and
the way the business is managed and reported on.
SASOL LIMITED GROUP
CONSOLIDATED FINANCIAL STATEMENTS
2021
NOTES TO THE FINANCIAL STATEMENTS
Country of
incorporation Nature of activities
Name
SASOL LIMITED COMPANY
% of equity owned
Control is obtained when Sasol is exposed, or has rights, to variable returns from its involvement with the subsidiary and has the
ability to affect those returns through our power over the subsidiary.
OTHER
The financial results of all entities that have a functional currency different from the presentation currency of their parent entity
are translated into the presentation currency. Income and expenditure transactions of foreign operations are translated at the
average rate of exchange for the year except for significant individual transactions which are translated at the exchange rate
ruling at that date. All assets and liabilities, including fair value adjustments and goodwill arising on acquisition, are translated
at the rate of exchange ruling at the reporting date. Differences arising on translation are recognised as other comprehensive
income and are included in the foreign currency translation reserve.
103
Sasol Annual Financial Statements 2021