Sasol Form 20-F for the year ended 30 June 2021 - Book - Page 118
TABLE 3—RESULTS OF OPERATIONS FOR OIL AND GAS PRODUCING ACTIVITIES
The results of operations for natural oil and gas producing activities are summarised in the table below.
Natural Oil and Gas (Rand in millions)
Gabon(1)
Canada(2)
303,0
3 506,9
3 809,9
(781,6)
(125,6)
(406,0)
—
(576,6)
1 920,1
(663,7)
1 256,4
1 135,1
—
1 135,1
(537,9)
54,0
(303,6)
—
(148,5)
199,1
(246,5)
(47,4)
239,0
—
239,0
(173,6)
—
—
(1 946,9)
(830,7)
(2 712,2)
—
(2 712,2)
303,7
3 534,7
3 838,4
(706,8)
(1 198,7)
(420,1)
(13,3)
(707,5)
792,0
(616,8)
175,2
1 024,1
—
1 024,1
(566,9)
442,2
(313,9)
—
(329,3)
256,2
(77,0)
179,2
253,9
2 566,5
2 820,4
(722,8)
1 313,2
(286,6)
—
(1 947,5)
(817,8)
358,9
306,6
665,5
668,5
—
668,5
(372,9)
(334,8)
(50,5)
277,0
(47,9)
(195,3)
(55,9)
(107,1)
(163,0)
Mozambique
Year ended 30 June 2019
Sales to unaffiliated parties . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transfers to affiliated parties . . . . . . . . . . . . . . . . . . . . . . . . . .
Total revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Production costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Foreign currency translation (losses)/gains . . . . . . . . . . . . . . .
Exploration expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Valuation provision . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Depreciation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Operating profit/(loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Results of operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Year ended 30 June 2020
Sales to unaffiliated parties . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transfers to affiliated parties . . . . . . . . . . . . . . . . . . . . . . . . . .
Total revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Production costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Foreign currency translation (losses)/gains . . . . . . . . . . . . . . .
Exploration expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Valuation provision . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Depreciation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Operating profit/(loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Results of operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Year ended 30 June 2021
Sales to unaffiliated parties . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transfers to affiliated parties . . . . . . . . . . . . . . . . . . . . . . . . . .
Total revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Production costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Foreign currency translation gains/(losses) . . . . . . . . . . . . . . .
Exploration expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Farm-out gains . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Valuation provision(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Depreciation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Operating profit/(loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Results of operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Australia
Total
—
—
—
—
(3,6)
3,1
2,3
—
1,8
—
1,8
1 677,1
3 506,9
5 184,0
(1 493,1)
(75,2)
(706,5)
(1 944,6)
(1 555,8)
(591,2)
(910,2)
(1 501,4)
341,2
—
341,2
(307,0)
—
—
0,4
(281,5)
(246,9)
—
(246,9)
—
—
—
—
—
—
—
—
—
—
—
1 669,0
3 534,7
5 203,7
(1 580,7)
(756,5)
(734,0)
(12,9)
(1 318,3)
801,3
(693,8)
107,5
405,1
—
405,1
(314,9)
—
—
—
548,3
(169,9)
468,6
—
468,6
—
—
—
—
—
—
—
—
—
—
—
—
1 327,5
2 566,5
3 894,0
(1 410,6)
978,4
(337,1)
277,0
(1 447,1)
(1 183,0)
771,6
199,5
971,1
(1)
Results are included up to the effective date of divestment from our licenses in Gabon, being 25 February 2021 for the EMP and 4 May
2021 for the DE-8 permit.
(2)
Sasol signed an agreement to divest of all our interests in Canada. The transaction closed on 29 July 2021.
(3)
Valuation provision of R1 947,5 million (US$136,4 million) is mainly as a result of the integrated value chain impairment assessment
allocation. Valuation provision of R47,9 million (US$2,9 million) for Gabon relates to an impairment of the DE-8 permit offshore Gabon at
31 December 2020. Valuation provision of R548,3 million (CAD45,3 million) for Canada relates to an impairment reversal of our Canada
shale gas assets at 30 June 2021.
G-3