Annual Financial Statements for the year ended 30 June 2021 0 - Book - Page 153
622
380
4 234
Finance income
4 012
5 236
Cash interest received – per statement of cash flows
Notional interest
871
3 141
1 002
4 234
4 012
5 236
2021
Rm
2020
Rm
Note
15
Finance costs
–
–
(94)
–
Cash interest paid – per statement of cash flows
Notional interest
–
(95)
(94)
(159)
Per income statement
(95)
(253)
Debt – direct subsidiary
Other
22
2021
Rm
16 Taxation
South African normal tax
current year
prior years
Deferred tax – South Africa
current year
2020
Rm
(82)
(139)
(89)
7
(139)
–
(166)
13
(166)
13
(248)
(126)
Reconciliation of effective tax rate
The table below shows the difference between the South African enacted tax rate (28%) compared to the tax rate in the income
statement. Total income tax expense differs from the amount computed by applying the South African normal tax rate to earnings
before tax. The reasons for these differences are:
South African normal tax rate
Increase in rate of tax due to:
exempt income
disallowed expenditure
Decrease in rate of tax due to:
exempt income
disallowed expenditure
other adjustments*
2021
%
2020
%
28,0
28,0
–
1,5
10,5
–
29,5
38,5
(28,2)
–
–
–
(7,0)
(31,9)
1,3
Effective tax rate
* Other adjustments in the prior year relate to the impairment of investment in subsidiaries.
151
Sasol Annual Financial Statements 2021
SASOL LIMITED GROUP
CONSOLIDATED FINANCIAL STATEMENTS
452
419
3 141
Finance income
NOTES TO THE FINANCIAL STATEMENTS
Interest accrued and received (refer to note 22)
Guarantee fees received – indirect subsidiaries (refer to note 22)
Notional interest received
SASOL LIMITED COMPANY
2020
Rm
(0,4)
OTHER
14
2021
Rm