Annual Financial Statements for the year ended 30 June 2021 0 - Book - Page 86
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SASOL LIMITED GROUP
Taxation continued
15
Deferred tax continued
2021
Rm
for the year ended 30 June
2020
Restated
Rm
Attributable to the following tax jurisdictions
ƫ
ƫ
ƫ
ƫ
ƫ
South Africa
United States of America
Germany
Mozambique
Other
3 169
(18 556)
(1 085)
323
(569)
12 676
(22 865)
(1 651)
699
(1 370)
(16 718)
(12 511)
6 287
1 024
(3 731)
(24 097)
(1 324)
(2 670)
(5 285)
1 103
(4 065)
(18 768)
(2 238)
(2 412)
(24 511)
(31 665)
13 392
1 370
(1 124)
(3 948)
(11)
135
(2 021)
25 423
1 150
(894)
(3 371)
(448)
(517)
(2 189)
7 793
19 154
Deferred tax is attributable to temporary differences on the following:
Net deferred tax assets:
Property, plant and equipment
Right of use assets
Short- and long-term provisions
Calculated tax losses
Financial liabilities
Other
Net deferred tax liabilities:
Property, plant and equipment
Right of use assets
Current assets
Short- and long-term provisions
Calculated tax losses
Financial liabilities
Other
Deferred tax assets have been recognised for the carry forward amount of unutilised tax losses relating to the group’s operations
where, among other things, some taxation losses can be carried forward indefinitely and there is compelling evidence that it is
probable that sufficient taxable profits will be available in the future to utilise all tax losses carried forward.
2021
Rm
for the year ended 30 June
2020
Rm
Calculated tax losses
(before applying the applicable tax rate)
Available for offset against future taxable income
Utilised against the deferred tax balance
105 428
(102 890)
Not recognised as a deferred tax asset¹
100 301
(79 294)
2 538
21 007
3
1 150
608
777
–
1 201
19 090
716
2 538
21 007
Calculated tax losses carried forward that have not been recognised:
Expiry within 1 year
Expiry between one and five years
Expiry thereafter
Indefinite life
1 Included in 2020 are calculated tax losses of R18,5 billion relating to Sasol Canada which was classified as held for sale at 30 June 2021. The Group
disposed of its investment in Sasol Canada in July 2021.
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Sasol Annual Financial Statements 2021