Annual Financial Statements for the year ended 30 June 2021 0 - Book - Page 74
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2
3
4
SASOL LIMITED GROUP
Operating and other activities continued
2021
for the year ended 30 June
Note
Rm
2020
Restated
Rm
2019
Restated
Rm
34 200
112 736
19 868
33 973
35
80
112
–
108 575
3 322
839
–
–
19 850
–
11
–
7
10 Remeasurement items affecting
operating profit
Effect of remeasurement items for subsidiaries and
joint operations
Impairment of
property, plant and equipment
right of use assets
other intangible assets
equity accounted investment
other assets
20
18
(5 468)
–
(949)
20
18
(5 440)
(2)
(26)
–
–
–
(949)
–
–
11
(5 520)
(715)
(96)
(130)
52
(5 615)
269
25
–
148
(1 684)
796
Reversal of impairment of
property, plant and equipment
right of use assets
other intangible assets
(Profit)/loss on
disposal of property, plant and equipment
disposal of other intangible assets
disposal of other assets
disposal of businesses
disposal and scrapping of property, plant and equipment
Write-off of unsuccessful exploration wells
20
Remeasurement items per income statement
6
(43)
1 109
(32)
–
–
(267)
1 408
34
Tax effect
Non-controlling interest effect
23 218
(7 771)
1
111 978
(26 399)
(931)
20 062
(4 409)
(5)
Total remeasurement items for subsidiaries and joint operations,
net of tax
15 448
84 648
15 648
23
–
15
15 471
84 648
15 663
Effect of remeasurement items for equity accounted
investments
Total remeasurement items for the group, net of tax
Impairment/reversal of impairments
The group's non-financial assets, other than inventories and deferred tax assets, are assessed for impairment indicators at each
reporting date or whenever events or changes in circumstances indicate that the carrying value may not be recoverable. Recoverable
amounts are estimated for individual assets or, where an individual asset cannot generate cash inflows independently, the
recoverable amount is determined for the larger cash generating unit to which it belongs.
Impairment calculations
The recoverable amount of the assets reviewed for impairment is determined based on the higher of the fair value less costs to sell
or value-in-use calculations. Key assumptions relating to this valuation include the discount rate and cash flows. Future cash flows
are estimated based on financial budgets covering a five year period and extrapolated over the useful life of the assets to reflect
the long term plans for the group using the estimated growth rate for the specific business or project. Where reliable cash flow
projections are available for period longer than five years, those budgeted cash flows are used in the impairment calculation. The
estimated future cash flows and discount rate are post-tax, based on the assessment of current risks applicable to the specific entity
and country in which it operates. Discounting post-tax cash flows at a post-tax discount rate yields the same results as discount
pre-tax cash flows at a pre-tax discount rate, assuming there are no significant temporary tax differences.
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Sasol Annual Financial Statements 2021