Annual Financial Statements for the year ended 30 June 2021 0 - Book - Page 163
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Disclaimer – Forward-looking statements
Sasol may, in this document, make certain statements that are not historical facts and relate to analyses and other information which
are based on forecasts of future results and estimates of amounts not yet determinable. These statements may also relate to our future
prospects, expectations, developments and business strategies. Examples of such forward-looking statements include, but are not limited
to, the impact of the novel coronavirus (COVID-19) pandemic on Sasol’s business, results of operations, financial condition and liquidity and
statements regarding the effectiveness of any actions taken by Sasol to address or limit any impact of COVID-19 on its business; statements
regarding exchange rate fluctuations, changing crude oil prices, volume growth, changes in demand for Sasol’s products, increases in
market share, total shareholder return, executing our growth projects, oil and gas reserves, cost reductions, legislative, regulatory and fiscal
development, our climate change strategy and business performance outlook. Words such as “believe”, “anticipate”, “expect”, “intend”,
“seek”, “will”, “plan”, “could”, “may”, “endeavour”, “target”, “forecast” and “project” and similar expressions are intended to identify
such forward-looking statements, but are not the exclusive means of identifying such statements. By their very nature, forward-looking
statements involve inherent risks and uncertainties, both general and specific, and there are risks that the predictions, forecasts, projections
and other forward-looking statements will not be achieved. If one or more of these risks materialise, or should underlying assumptions prove
incorrect, our actual results may differ materially from those anticipated. You should understand that a number of important factors could
cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking
statements. These factors and others are discussed more fully in our most recent annual report on Form 20-F filed on 24 August 2020 and in
other filings with the United States Securities and Exchange Commission. The list of factors discussed therein is not exhaustive; when relying
on forward-looking statements to make investment decisions, you should carefully consider both these factors and other uncertainties and
events. Forward-looking statements apply only as of the date on which they are made, and we do not undertake any obligation to update or
revise any of them, whether as a result of new information, future events or otherwise.
Pro-forma financial information
US dollar convenience translations included in these financial statements constitutes pro forma financial information in terms of the JSE
Listing Requirements.
The pro forma financial information is the responsibility of the board of directors and is presented for illustrative purposes only. Because of
its nature, the pro forma financial information may not fairly present Sasol’s financial position, changes in equity, results of operations or
cash flows. The underlying information, used in the preparation of the pro forma financial information, has been prepared using accounting
policies which comply with IFRS and are consistent with those applied in the published group consolidated annual financial statements for
the year ended 30 June 2021.
SASOL LIMITED GROUP
CONSOLIDATED FINANCIAL STATEMENTS
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NOTES TO THE FINANCIAL STATEMENTS
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This pro forma information has been reported on by the group’s auditors, being PricewaterhouseCoopers Inc. Their unqualified reporting
accountant’s report prepared in terms of ISAE 3420 is available on page 159.
Please note: One billion is defined as one thousand million, bbl – barrel, bscf – billion standard cubic feet, mmscf – million standard cubic
feet, oil references brent crude, mmboe – million barrels oil equivalent. All references to years refer to the financial year ended 30 June. Any
reference to a calendar year is prefaced by the word “calendar”.
Abbreviations
mm bbl – million barrels
mm tons – million tons
bscf – billion standard cubic feet
mmscf – million standard cubic feet
mmboe – million barrels oil equivalent
m bbl – thousand barrels
oil – references brent crude
ktpa – thousand tons per annum
Rm – rand millions
one billion –one thousand million
$/ton – US dollar per ton
mm³ –million cubic meters
BFP – Basic Fuel Price
BPEP – Business Performance
Enhancement Programme
EGTL – Escravos Gas-to-Liquid
LCCP – Lake Charles Chemicals Project
RP – Response Plan
PSA – Production Sharing Agreement
GTL – Gas-to-Liquids
US – United States of America
B-BBEE – Broad-Based Black Economic
Empowerment
CGUs – Cash Generating Units
SARS – South African Revenue Services
HEPS – Headline Earnings per Share
DEPS – Dilluted Earnings per share
CHEPS – Core headline earnings per share
EPS – Earnings per share
EBIT – Earnings before interest and tax
WACC – Weighted average cost of capital
LTIs – Long-term incentives
SARs – Share Appreciation Rights scheme
CPTs – Corporate Performance Targets
Net debt : EBITDA – EBITBA as defined in
the loan agreements
JSE – Johannesburg Stock Exchange Limited
IFRS – International Financial Reporting
Standards
OTHER
bbl –barrels
SASOL LIMITED COMPANY
Comprehensive additional information is available on our website: www.sasol.com
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Sasol Annual Financial Statements 2021