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Sasol Limited Company Balance Sheet | Income Statement | Statement of Changes in Equity | Cash Flow Statements | Directors' Emoluments | Interest in Significant Operating Subsidiaries and Incorporated Jointly Controlled Interests | Notice to Members

sasol limited group property, plant and equipment
 
 
  Land, Plant, Capital Coal  
  buildings and equipment work mining  
  improvements  and vehicles in progress assets Total
  Rm Rm Rm Rm Rm
Cost          
Balance at 25 June 2000 877 25 680 1 598 4 647 32 802
Acquisition of businesses 2 281 12 393 1 002 — 15 676
Translation differences 73 534 35 — 642
Additions          
  to maintain existing operations 15 133 1 483 16 1 647
  to expand operations 3 176 1 831 — 2 010
Transfers from capital work in progress 15 1 805 (2 133) 313 —
Disposals and scrapping -58 -484 -56 -131 -729
Balance at 25 June 2001 3 206 40 237 3 760 4 845 52 048
Depreciation and amounts written off          
Balance at 25 June 2000 400 11 342 — 2 262 14 004
Acquisition of businesses 763 6 359 — — 7 122
Translation differences 53 376 — — 429
Current year charge 72 1 942 — 325 2 339
Impairment of assets — 613 — 15 628
Disposals and scrapping -18 -252 — -129 -399
Balance at 25 June 2001 1 270 20 380 — 2 473 24 123
Book value at 25 June 2001 1 936 19 857 3 760 2 372 27 925
Book value at 25 June 2000 477 14 338 1 598 2 385 18 798
Estimated replacement cost at 25 June 2001 4 378 160 857 3 760 3 061 172 056
Book value of assets held under finance          
leases at 25 June 2001 — 143 — — 143
As the Group has more than five items of land and buildings a register is maintained in terms of paragraph 22(3) of Schedule 4 of the South African Companies Act. The register is available for inspection at the registered office of Sasol Limited.
The Acrylonitrile, acid recovery and crotonaldehyde plants at Sasol Chemical Industries and mining activities in Sasolburg to the value of R628 million – USD82 million were impaired during the year.
The book value of the Sasol Fibres plant, R116 million – USD14 million, was scrapped during the year.
Property, plant and equipment with a value of R7 992 million – USD998 million (2000 – R128 million – USD18 million) have been pledged as security for liabilities incurred by the Group.
In respect of finance leases, the future minimum sublease payments expected to be received under non-cancellable sub-leases at 25 June 2001 amounted to R6 million – USD1 million (2000 – Nil).
The total cost of fully depreciated assets still in use at 25 June 2001 amounted to R1 838 million – USD229 million
(2000 – R1 575 million – USD228 million).
Included in coal mining assets are costs in respect of front-end-engineering-and-design and the sinking of shafts amounting to R1 600 million – USD199 million. These costs are excluded from the estimated replacement cost of R3 061 million – USD382 million.
 
Depreciation rates
Buildings and improvements – 3 – 5%
Plant – 4 – 25%
Equipment – 10 – 33%
Vehicles – 25%
Coal mining – 7%
  Land, Plant, Capital Coal  
  buildings and equipment work mining  
  improvements and vehicles in progress assets Total
  USDm USDm USDm USDm USDm
Cost          
Balance at 25 June 2000 127 3 706 231 671 4 735
Acquisition of businesses 285 1 546 125 — 1 956
Translation differences (8) (449) (34) (93) (584)
Additions          
  to maintain existing operations 2 17 194 2 215
  to expand operations — 23 239 — 262
Transfers from capital work in progress 2 236 (279) 41 —
Disposals and scrapping (8) (63) (7) (17) (95)
Balance at 25 June 2001 400 5 016 469 604 6 489
Depreciation and amounts written off          
Balance at 25 June 2000 58 1 637 — 326 2 021
Acquisition of businesses 95 793 — — 888
Translation differences (2) (191) — (45) (238)
Current year charge 9 254 — 42 305
Impairment of assets — 80 — 2 82
Disposals and scrapping (2) (33) — (17) (52)
Balance at 25 June 2001 158 2 540 — 308 3 006
Book value at 25 June 2001 242 2 476 469 296 3 483
Book value at 25 June 2000 69 2 069 231 345 2 714
Estimated replacement cost at 25 June 2001 546 20 051 469 382 21 448
Book value of assets held under finance leases          
at 25 June 2001 — 18 — — 18