Annual Financial Statements for the year ended 30 June 2021 0 - Book - Page 15
To the Shareholders of Sasol Limited
Report on the audit of the consolidated and separate financial statements
In our opinion, the consolidated and separate financial statements present fairly, in all material respects, the consolidated and separate
financial position of Sasol Limited (the Company) and its subsidiaries (together the Group) as at 30 June 2021, and its consolidated and
separate financial performance and its consolidated and separate cash flows for the year then ended in accordance with International
Financial Reporting Standards and the requirements of the Companies Act of South Africa.
SASOL LIMITED GROUP
CONSOLIDATED FINANCIAL STATEMENTS
INDEPENDENT AUDITOR’S REPORT
What we have audited
• the consolidated and company statements of financial position as at 30 June 2021;
• the consolidated and company income statements for the year then ended;
• the consolidated and company statements of comprehensive income for the year then ended;
• the consolidated and company statements of changes in equity for the year then ended;
• the consolidated and company statements of cash flows for the year then ended; and
• the notes to the financial statements, which include a summary of significant accounting policies.
Certain required disclosures have been presented elsewhere in the document titled “Sasol Limited Annual Financial Statements for the year
ended 30 June 2021”, rather than in the notes to the financial statements. These are cross-referenced from the consolidated and separate
financial statements and are identified as audited.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further
described in the Auditor’s responsibilities for the audit of the consolidated and separate financial statements section of our report.
NOTES TO THE FINANCIAL STATEMENTS
Sasol Limited’s consolidated and separate financial statements set out on pages 37 to 158 comprise:
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
We are independent of the Group in accordance with the Independent Regulatory Board for Auditors’ Code of Professional Conduct
for Registered Auditors (IRBA Code) and other independence requirements applicable to performing audits of financial statements in
South Africa. We have fulfilled our other ethical responsibilities in accordance with the IRBA Code and in accordance with other ethical
requirements applicable to performing audits in South Africa. The IRBA Code is consistent with the corresponding sections of the
International Ethics Standards Board for Accountants’ International Code of Ethics for Professional Accountants (including International
Our audit approach
Overall group materiality
Overall group materiality: R1 357 million, which represents 4% of consolidated earnings
before tax, adjusted for remeasurement items.
Group audit scope
We conducted full scope audit procedures at 12 business units and limited scope audit
procedures at a further 14 business units.
Key audit matter
Impairment assessment of property, plant and equipment and investments in subsidiaries.
Sasol Annual Financial Statements 2021
SASOL LIMITED COMPANY