Annual Financial Statements for the year ended 30 June 2021 0 - Book - Page 120
1
2
3
4
SASOL LIMITED GROUP
Provisions continued
35 Post-retirement benefit obligations continued
35.2 Pension benefits continued
Contributions
Funding is based on actuarially determined contributions. The following table sets forth the projected pension contributions of
funded obligations for the 2022 financial year.
Pension contributions
South Africa
Foreign
Rm
Rm
527
247
Sensitivity analysis
A sensitivity analysis is performed in order to assess how the post-retirement pension obligation would be affected by changes in
the actuarial assumptions underpinning the calculation.
South Africa
2021
Rm
for the year ended 30 June
Foreign
2020
Rm
2021
Rm
2020
Rm
1% point change in actuarial assumptions
9
(8)
9
(9)
470
(446)
676
(479)
Increase in the discount rate
Decrease in the discount rate
(1 474)
1 748
(1 425)
3 237
(1 833)
2 360
(2 269)
3 133
Increase in the pension increase assumption
Decrease in the pension increase assumption
1 821
(1 566)
3 309
(1 491)
1 353*
(1 102)*
Increase in average salaries increase assumption
Decrease in average salaries increase assumption
1 446*
(1 179)*
* This sensitivity analysis relates only to the Europe obligations as there are no automatic pension increases for the United States of America
pension plan, and thus it is not one of the inputs utilised in calculating the obligation.
The sensitivities may not be representative of the actual change in the post-retirement pension obligation, as it is unlikely that the
changes would occur in isolation of one another, and some of the assumptions may be correlated.
118
Sasol Annual Financial Statements 2021