IAS 7 additional information, reconciliation of current tax paid to income statement charge

Sasol Limited – Annual report – 30 June 2020

Industry: oil and gas

13 Taxation (extract)

*2019 relates to the reversal of interest pertaining to the Sasol Oil matter.

**Relates mainly to the relief provided to companies in the United States under the Corona virus Aid, Relief, and Economic Security Act, (CARES Act) allowing taxpayers to carry back losses incurred during 2018-2020 for five years.

*Relates mainly to the relief provided to companies in the United States under the Corona virus Aid, Relief, and Economic Security Act, (CARES Act) allowing taxpayers to carry back losses incurred during 2018-2020 for five years.

** The decrease in the current year relates to impairments accounted for in the financial year.

*** Increase in the current year relates mainly to tax losses incurred at our US operations where we anticipate sufficient profits to be generated in future to utilise the deferred tax asset against.

**** Included in 2018 is the recognition of a deferred tax asset relating to the accumulated tax losses in Italy which were previously limited in line with the forecasted utilisation thereof.

STATEMENT OF CASH FLOWS (extract)

for the year ended 30 June

STATEMENT OF FINANCIAL POSITION

at 30 June