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sasol limited group Interest in jointly controlled entities
 
 

      Sasol Sasol      
  Schόmann Merichem Southwest DHB   2001 2000
  Sasol Sasol Energy Holdings Other* Total Total
  Rm Rm Rm Rm Rm Rm Rm

Balance sheet              
Property, plant and equipment 604 185 15 292 12 1 108 1 093
Investments 61 3 4 — — 68 62
Other non-current assets 249 20 70 5 — 344 257
Current assets 909 336 38 65 33 1 381 1 160

  1 823 544 127 362 45 2 901 2 572

Shareholders’ equity (135) 316 114 166 33 494 378
Long-term liabilities 907 110 — 21 4 1 042 1 117
Long-term provisions 274 3 — — — 277 255
Other non-current liabilities 13 12 — — — 25 21
Current liabilities 764 103 13 175 8 1 063 801

  1 823 544 127 362 45 2 901 2 572

Income statement              
Sales 2 211 506 137 383 37 3 274 2 643

Operating profit 106 47 4 9 4 170 90
Other (charges)/income (22) (3) 1 (11) 2 (33) (20)

Net income before taxation 84 44 5 (2) 6 137 70
Taxation (65) (23) — 1 (2) (89) (25)

Income after taxation 19 21 5 (1) 4 48 45
Minority interest (3) — — — — (3) (5)

Earnings attributable to shareholders 16 21 5 (1) 4 45 40

Cash flow statement              
Cash flow from operations 209 58 12 15 9 303 116
Movement in working capital 95 (5) 2 (1) (16) 75 (24)
Taxation paid (1) (24) — 4 — (21) (72)
Other (charges)/income (22) (3) — (11) 2 (34) (22)

Cash available from operations 281 26 14 7 (5) 323 (2)
Dividends paid — (8) (12) — — (20) (34)

Cash retained from operations 281 18 2 7 (5) 303 (36)
Acquisition of property, plant              
and equipment (35) (33) (2) (3) (1) (74) (130)

Decrease/(increase) in funding              
requirements 246 (15) — 4 (6) 229 (166)

*Includes African Amines (Pty) Limited, Sealene Investments (Pty) Limited and ChemCity (Pty) Limited.
 
Sasol Fibres was previously accounted for as a jointly controlled entity. During the year the total investment was written off and consequently proportionate consolidation was discontinued. Sasol Fibres results have thus been excluded from this schedule for the current and prior year.
Fedmis Phalaborwa was previously accounted for as a jointly controlled entity. During the year it became a wholly owned subsidiary and has been excluded from this schedule for the current and prior year.
At 25 June 2001 the Group’s share total capital commitments of jointly controlled entities in the Group amounted to R45 million – USD5 million (2000 – R31 million – USD4 million).
 

      Sasol Sasol      
  Schόmann Merichem Southwest DHB   2001 2000
  Sasol Sasol Energy Holdings Other* Total Total
  Rm Rm Rm Rm Rm Rm Rm

Balance sheet              
Property, plant and equipment 75 23 2 36 1 137 158
Investments 8 — — — — 8 9
Other non-current assets 31 2 9 1 — 43 37
Current assets 113 42 5 9 4 173 167

  227 67 16 46 5 361 371

Shareholders’ equity (17) 39 14 21 4 61 54
Long-term liabilities 113 14 — 3 — 130 161
Long-term provisions 34 — — — — 34 37
Other non-current liabilities 2 1 — — — 3 3
Current liabilities 95 13 2 22 1 133 116

  227 67 16 46 5 361 371

Income statement              
Sales 289 66 18 50 5 428 421

Operating profit 14 6 1 1 1 23 14
Other charges (3) — — (1) — (4) (3)

Net income before taxation 11 6 1 — 1 19 11
Taxation (8) (3) — — — (11) (4)

Income after taxation 3 3 1 — 1 8 7
Minority interest — — — — — — (1)

Earnings attributable to shareholders 3 3 1 — 1 8 6

Cash flow statement              
Cash flow from operations 27 8 2 2 1 40 18
Movement in working capital 12 (1) — — -2 9 (4)
Taxation paid — (3) — 1 — (2) (11)
Other charges (3) — — (1) — (4) (4)

Cash available from operations 36 4 2 2 (1) 43 (1)
Dividends paid — (1) (2) — — (3) (5)

Cash retained from operations 36 3 — 2 (1) 40 (6)
Acquisition of property, plant              
and equipment (5) (4) — — — (9) (21)

Decrease/(increase) in funding              
requirements 31 (1) — 2 (1) 31 (27)