Annual Financial Statements for the year ended 30 June 2021 0 - Book - Page 93
Note
2021
Rm
2020
Rm
13 906
1 771
15 825
1 894
15 677
17 719
241
5 153
7 508
1
184
6 446
7 179
7
12 903
13 816
1 899
3 466
18 Leases
Amounts recognised on balance sheet
Lease liabilities
Non-current
Current
SASOL LIMITED GROUP
CONSOLIDATED FINANCIAL STATEMENTS
for the year ended 30 June
Land
Buildings and improvements
Plant, equipment and vehicles
Mineral assets
Additions to right of use assets
The deceases in the lease liabilities and right of use assets are mainly due to foreign exchange movements as a result of the
strengthening of the rand (2021: R1,2 billion, 2020: R1,7 billion), as well as a reassessment of the likelihood to exercise an extension
option relating to the Sandton office lease (R561 million) and other movements (R281 million). In 2020 R2,2 billion was classified as
held for sale, refer note 12. As a result of the expected long-term impact of the COVID-19 pandemic, the group no longer considers it
reasonably certain to exercise an option to extend the term of the lease.
for the year ended 30 June
2021
Rm
2020
Rm
2019
Rm
1 488
423
1 465
757
871
–
65
33
–
58
33
64
3 322
–
–
11
694
1 607
5
25
662
1 605
2
–
–
–
–
2 317
2 294
–
3 882
4 048
1 108
NOTES TO THE FINANCIAL STATEMENTS
Right of use assets
Interest expense (included in net finance cost)
Expense relating to short-term leases*
Expense relating to leases of low-value assets that are not shown above as
short-term leases*
Expense relating to variable lease payments not included in lease liabilities
(included in other operating expenses and income)*
Impairment of right of use assets
Depreciation of right of use assets
Land
Buildings and improvements
Plant, equipment and vehicles
Mineral assets
SASOL LIMITED COMPANY
Amounts recognised in income statement
Amounts recognised in statement of cash flows
Total cash outflow on leases
* Included in cash paid to suppliers and employees in the statement of cash flows.
OTHER
The group leases a number of assets as part of its activities. These primarily includes corporate office buildings in Sandton and
Houston, rail yard, rail cars, retail convenience centres and storage facilities. Lease terms are negotiated on an individual basis and
contain a wide range of different terms and conditions. A maturity analysis of lease liabilities is provided in note 40.
91
Sasol Annual Financial Statements 2021