Annual Financial Statements for the year ended 30 June 2021 0 - Book - Page 85
2021
Rm
2020
Rm
2019
Rm
Tax paid
Net amounts (receivable)/payable at beginning of year
Disposal of businesses
Net interest and penalties on tax¹
Income tax per income statement
Reclassification to held for sale²
Foreign exchange differences recognised in income statement
Translation of foreign operations
13
Net tax receivable/(payable) per statement of financial position
tax payable
tax receivable³
Per the statement of cash flows
(4 754)
40
(17)
9 509
(304)
(14)
513
309
–
(41)
930
29
48
(370)
(984)
(1)
(630)
5 846
6
4
14
4 973
307
905
4 754
4 255
(309)
(806)
1 113
(665)
5 419
(1 039)
730
5 280
5 659
3 946
6 622
(1 342)
–
3 131
2 526
2
933
3 013
–
5 280
5 659
3 946
Comprising
Normal tax
South Africa
Foreign
Dividend withholding tax
1 2019 relates to the reversal of interest pertaining to the Sasol Oil matter.
2 Mainly due to Rompco tax payable that was transferred to liabilities held for sale.
SASOL LIMITED GROUP
CONSOLIDATED FINANCIAL STATEMENTS
14
Note
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 June
3 2020 relates mainly to the relief provided to companies in the United States under the Coronavirus Aid Relief and Economic Security Act 9 (CARES
Act) allowing taxpayers to carry back losses incurred during 2018 – 2020 for five years.
for the year ended 30 June
Rm
Deferred tax
Reconciliation
Balance at beginning of year
Current year charge
per the income statement
per the statement of comprehensive income
13
Reclassification from/(to) held for sale
Disposal of investment¹
Foreign exchange differences recognised in income statement
Translation of foreign operations
Balance at end of year
(12 511)
(8 956)
17 978
(27 873)
(9 324)
368
(27 320)
(553)
424
(85)
(103)
4 513
(880)
–
142
(1 878)
(16 718)
(12 511)
(24 511)
7 793
(31 665)
19 154
(16 718)
(12 511)
Comprising
Deferred tax assets
Deferred tax liabilities
1 Taxation related to the disposal of our investment in Aethylen-Rohrleitungs-Gesellschaft mbH & Co. KG.
Deferred tax assets and liabilities are determined based on the tax status and rates of the underlying entities. The decrease in
deferred tax assets relates mainly to our US operations. We anticipate sufficient profits to be generated in future to utilise the
deferred tax asset against. These US tax losses do not expire.
The decrease in the deferred tax liability relates mainly to the impairments within the South African Integrated value chain.
83
Sasol Annual Financial Statements 2021
OTHER
15
Note
2020
Restated
Rm
SASOL LIMITED COMPANY
2021