Annual Financial Statements for the year ended 30 June 2021 0 - Book - Page 99
Current year additions
Adjustments for non-cash items
2020
Rm
16 022
(77)
38 092
(2 947)
55 862
(81)
(77)
–
–
(2 947)
–
–
(1 924)
(117)
1 960
35 145
55 781
2021
Rm
2020
Rm
movement in environmental provisions capitalised
movement in long-term debt
LCCP investment incentives
15 945
Per the statement of cash flows
for the year ended 30 June
2019
Rm
Capital commitments (excluding equity accounted investments)
Capital commitments, excluding capitalised interest, include all projects for which specific board
approval has been obtained. Projects still under investigation for which specific board approvals
have not yet been obtained are excluded from the following:
Authorised and contracted for
Authorised but not yet contracted for
Less expenditure to the end of year
to sustain existing operations
to expand operations
Estimated expenditure
Within one year
One to five years
33 196
33 297
(26 605)
260 620
21 136
(249 806)
39 888
31 950
25 591
14 297
26 305
5 645
21 393
18 495
15 578
16 372
39 888
31 950
SASOL LIMITED GROUP
CONSOLIDATED FINANCIAL STATEMENTS
Additions to property, plant and equipment (cash flow)
2021
Rm
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 June
Significant capital commitments and expenditure at 30 June comprise mainly of:
Project
Project location Business segment
Capital expenditure
2021
Rm
2020
Rm
2021
Rm
2020
Rm
6 439
3 033
1 483
3 247
1 007
1 375
2 583
1 806
237
5 221
2 800
355
10 786
3 353
234
211
798
1 297
684
13 807
Projects to sustain operations
Shutdown and major
statutory maintenance
Environmental projects
Clean fuels II
Various
Various
Secunda
Various
Various
Fuels
Projects to expand operations
Mozambique exploration
and development
Lake Charles Chemical
Project
Mozambique
Gas
United States
Chemicals America
SASOL LIMITED COMPANY
Capital commitments
Areas of judgement:
The depreciation methods, estimated remaining useful lives and residual values are reviewed at least annually. The estimation of
the useful lives of property, plant and equipment is based on historic performance as well as expectations about future use and
therefore requires a significant degree of judgement to be applied by management.
The following depreciation rates apply in the group:
1 – 17%, units of production over life of related reserve base
Buildings and improvements
Retail convenience centres
3–5 %
Equipment
3 – 91 %
Vehicles
5 – 33 %
Mineral assets
Units of production over life of related reserve base
Life-of-mine coal assets
Units of production over life of related reserve base
97
Sasol Annual Financial Statements 2021
OTHER
2 – 50 %
Plant