Annual Financial Statements for the year ended 30 June 2021 0 - Book - Page 119
current service cost
past service cost
curtailments and settlements
interest cost
Actuarial (gains)/losses recognised in
other comprehensive income:
arising from changes in demographic
assumptions
arising from changes in financial
assumptions
arising from change in actuarial
experience
2021
Rm
2020
Rm
2021
Rm
2020
Rm
2021
Rm
2020
Rm
47 228
51 241
16 321
12 565
63 549
63 806
6 571
6 218
677
855
7 248
7 073
923
–
–
5 648
1 150
–
–
5 068
579
–
(129)
227
572
39
–
244
1 502
–
(129)
5 875
1 722
39
–
5 312
6 093
(7 938)
(378)
1 017
5 715
(6 921)
(1)
16
(1)
(452)
742
(149)
–
Member contributions
Benefits paid
Transferred to held for sale assets
Translation of foreign operations
Projected benefit obligation
at end of year
unfunded obligation*
funded obligation
–
303
(1 105)
5 790
(6 833)
503
(3 341)
–
–
504
(2 797)
–
–
75
16
(363)
259
5 865
(6 574)
–
(1 070)
–
(2 282)
–
(988)
–
2 872
503
(4 411)
–
(2 282)
504
(3 785)
–
2 872
57 054
47 228
13 268
16 321
70 322
63 549
–
57 054
–
47 228
10 028
3 240
11 564
4 757
10 028
60 294
11 564
51 985
* Certain of the foreign defined benefit plans have reimbursement rights under contractually agreed legal binding terms that match the amount
and timing of some of the benefits payable under the plan. This reimbursive right has been recognised in long-term receivables at fair value of
R218 million (2020 – R270 million). A decrease of R22 million (2020 – increase of R2 million) has been recognised as a loss in other comprehensive
income in respect of the reimbursive right.
Reconciliation of plan assets of funded obligation
South Africa
for the year ended 30 June
Fair value of plan assets at beginning
of year
Movements recognised in income
statement:
interest income
interest on asset limitation
Actuarial gains/(losses) recognised in
other comprehensive income:
arising from return on plan assets
(excluding interest income)
Plan participant contributions*
Employer contributions*
Benefit payments
Translation of foreign operations
Foreign
2021
Rm
2020
Rm
2021
Rm
2020
Rm
2021
Rm
2020
Rm
50 618
54 115
4 502
4 270
55 120
58 385
5 678
5 120
80
118
5 758
5 238
6 035
(357)
5 352
(232)
80
–
118
–
6 115
(357)
5 470
(232)
6 660
(7 481)
759
(26)
7 419
(7 507)
6 660
(7 481)
759
(26)
7 419
(7 507)
503
553
(3 341)
–
504
1 157
(2 797)
–
–
53
(869)
(793)
–
20
(795)
915
503
606
(4 210)
(793)
504
1 177
(3 592)
915
Fair value of plan assets at
end of year
60 671
Actual return on plan assets
12 338
50 618
(2 361)
3 732
4 502
64 403
839
93
13 177
* Contributions, for the defined contribution section, are paid by the members and Sasol at fixed rates.
117
Total
Sasol Annual Financial Statements 2021
55 120
(2 268)
SASOL LIMITED GROUP
CONSOLIDATED FINANCIAL STATEMENTS
Projected benefit obligation at
beginning of year
Movements recognised in income
statement:
Total
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 June
Foreign
SASOL LIMITED COMPANY
South Africa
OTHER
Reconciliation of projected benefit obligation