Sasol Form 20-F for the year ended 30 June 2021 - Book - Page 11
“Item 18—Financial Statements—Statement of
compliance” for further information on these revisions.
The audited consolidated financial statements
from which the selected consolidated financial data set
forth below have been derived were prepared in
accordance with IFRS.
30 June
2021
Income Statement data:
Turnover . . . . . . . . . .
Earnings/(loss) before
interest and tax . . . .
Earnings/(loss)
attributable to owners
of Sasol Limited . . .
Statement of Financial
Position data:
Total assets . . . . . . . .
Total equity . . . . . . . .
Total liabilities . . . . . .
Share capital(4) . . . . . .
Per share information
(rand):
Basic earnings/(loss) per
share . . . . . . . . . .
Diluted earnings/(loss) per
share . . . . . . . . . .
Dividends per share(5) . .
Weighted average shares
in issue (in millions):
Average shares
outstanding—basic(6)
Average shares
outstanding—diluted(7)
(1)
(2)
(3)
Revised
30 June
2020
Revised
30 June
30 June
30 June
2019 (1) (2) (3) 2018 (1) (2) (3) 2017 (1) (2) (3)
(Rand in millions)
(except per share information and weighted
average shares in issue)
201 910
190 367
16 619
9 032
(6)
Increase in basic average shares outstanding is due to
shares issued as long-term incentives (LTIs) to employees.
(7)
The number of shares outstanding is adjusted to show the
potential dilution if the LTIs and, for 2017 to 2020, Sasol
Khanyisa Tier 1 were settled in Sasol Limited shares. The
Sasol Khanyisa Tier 2 and Khanyisa Public schemes are
anti-dilutive in 2021, 2020 and 2019. Due to the net loss
attributable to shareholders in 2020, the dilutive effect was
not taken into account in the 2020 calculation of diluted
earnings per share.
(1) (2)
203 576
181 461
172 407
(111 926)
8 434
17 747
31 705
(91 754)
3 389
8 729
20 374
466 237
223 109
243 128
9 888
439 235
228 608
210 627
15 775
398 939
217 234
181 705
29 282
3.B Capitalisation and indebtedness
Not applicable.
3.C Reasons for the offer and use of proceeds
Not applicable.
360 743
152 471
208 272
9 888
474 535
155 917
318 618
9 888
14,57
(148,49)
5,50
14,26
33,36
14,39
—
(148,49)
—
5,46
5,90
14,18
12,90
33,27
12,60
619,9
617,9
616,6
612,2
610,7
627,8
622,3
620,3
615,9
612,4
3.D Risk factors
This section describes some of the risks that could
materially affect, separately or in combination,
Sasol’s business, operating results, cash flows and
financial condition. Additional risk factors not
presently known to us or that we currently deem
immaterial may also impair our business operations.
Accordingly, investors should carefully consider these
risks.
From 1 July 2019 the group applied IFRS 16 ‘Leases’
using the modified retrospective approach, by recognising
the cumulative effect of initially applying IFRS 16 as an
adjustment to the opening balance of equity. For the
comparative financial years, 2017 to 2019, the principles
of the previous leases standard, IAS 17 ‘Leases’, were
applied.
Further background and measures that we use when
assessing various risks are set out in the relevant
sections of this report, indicated by way of cross
references under each risk factor.
Summary of Risk Factors
Comparative results have been revised for the correction
of the prior period errors in the calculation of South
African value chain impairments. Please refer to “Item
18—Financial Statements—Note 1 Statement of
compliance” for further information.
Please carefully consider all of the information
discussed in this Report for a more thorough
description of these and other risks. The risks described
below are organised by risk type and are not listed in
order of their priority to us.
From 1 July 2018 the group applied IFRS 15 ‘Revenue
from Contracts with Customers’ using the modified
retrospective approach, by recognising the cumulative
effect of initially applying IFRS 15 as an adjustment to the
opening balance of equity. For the comparative
financial years, 2017 and 2018, the principles of the
previous revenue standard, IAS 18 ‘Revenue’, were
applied.
(4)
For information regarding the share repurchases and
cancellations please refer to “Item 18—Financial
Statements—Note 16 Share capital”.
(5)
The total dividend includes the interim and final dividend.
Dividends per share in dollars are as follows: $0 for 30
June 2021, $0 for 30 June 2020, $0,42 for 30 June 2019,
$0,97 for 30 June 2018 and $0,95 for 30 June 2017.
Risks related to financial matters
10
•
We may not be able to refinance, extend
or repay our substantial bank market
indebtedness on time, which would have a
material adverse effect on our financial
condition and ability to continue as a
going concern;
•
We may not achieve our Sasol 2.0 cash
conservation targets;