Sasol Limited – Annual report – 30 June 2021
Industry: oil and gas
14 Tax paid
1 2019 relates to the reversal of interest pertaining to the Sasol Oil matter.
2 Mainly due to Rompco tax payable that was transferred to liabilities held for sale.
3 2020 relates mainly to the relief provided to companies in the United States under the Coronavirus Aid Relief and Economic Security Act 9 (CARES Act) allowing taxpayers to carry back losses incurred during 2018 – 2020 for five years.
13 Taxation (extract)
* 2020 relates mainly to the relief provided to companies in the United States under the Coronavirus Aid, Relief, and Economic Security Act, (CARES Act) allowing taxpayers to carry back losses incurred during 2018 to 2020 for five years.
** The decrease from 2019 to 2020 relates to impairments accounted for in the 2020 financial year.
*** Increase in the prior 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.
STATEMENT OF CASH FLOWS (extract) for the year ended 30 June
STATEMENT OF FINANCIAL POSITION
at 30 June