Sasol Integrated Report 2024 - Book - Page 58
INTRODUCTION
ABOUT SASOL
STRATEGIC OVERVIEW
BUSINESSES
ESG
REMUNERATION REPORT
DATA AND ASSURANCE / ADMINISTRATION
CASH FLOW STATEMENT
PROFIT
For the year ended 30 June
Cash generated by operating activities
Cash receipts from customers
Cash paid to suppliers and employees
Cash generated by operating activities
Dividends received from equity accounted investments
Finance income received
Finance costs paid
Tax paid
Cash available from operating activities
Dividends paid
Dividends paid to non-controlling shareholders in
subsidiaries
Cash retained from operating activities
Additions to non-current assets
R52,3 billion
Proceeds from long-term debt
R31 billion
Repayment of long-term debt
R35 billion
Cash available from operating activities
24
37,6
0
49,6
Year
23
41,2
22
34,5
21
30,6
20
0
15
30
Rand billion
45
60
Cash available from operating activities decreased
from R49,6bn to R37,6bn in 2024 due to an increase
in net trading working capital and lower dividends
received from equity accounted investments. Prior
year net trading working capital balances were low
due to focused intervention by management to
conserve cash. Working capital for 2024 has been
managed at sustainable levels.
2023
Rm
2024
Rm
additions to property, plant and equipment
additions to other intangible assets
(Decrease)/increase in capital project related payables²
Cash contribution to equity accounted investments
Proceeds on disposals and scrappings
Proceeds from/(acquisitions of) assets held for sale
Acquisition of interest in equity accounted investments
Purchase of investments
Proceeds from sale of investments
(Increase)/decrease in long-term receivables
Cash used in investing activities
Proceeds from long-term debt
Repayment of long-term debt
Payment of lease liabilities
Repayment of debt held for sale
Proceeds from short-term debt
Repayment of short-term debt
2022
Rm
272 017
(219 696)
52 321
1 639
3 211
(8 638)
(10 932)
37 601
(7 633)
298 698
(234 061)
64 637
3 765
2 242
(7 083)
(13 952)
49 609
(13 754)
263 332
(207 194)
56 138
3 043
986
(5 478)
(13 531)
41 158
(49)
(217)
29 751
(30 428)
(433)
35 422
(30 247)
(859)
40 250
(23 269)
(30 074)
(85)
(269)
(113)
129
9
–
(173)
69
(150)
(30 657)
30 692
(35 468)
(2 698)
–
2 691
(2 183)
(30 726)
(128)
607
(95)
799
3
–
(243)
156
1 393
(28 234)
95 035
(91 564)
(2 269)
–
1 787
(1 801)
(22 593)
(120)
(556)
(67)
8 484
(549)
(56)
(95)
26
449
(15 077)
88
(12 086)
(2 264)
(704)
28
(15)
Cash (used in)/generated by financing activities
(6 966)
1 188
Translation effects on cash and cash equivalents
(633)
2 424
1 759
(8 505)
10 800
11 979
Cash and cash equivalents at the beginning of year
53 767
42 967
30 988
Cash and cash equivalents at the end of the year
45 262
53 767
42 967
(Decrease)/increase in cash and cash equivalents
SASOL INTEGRATED REPORT 2024
56
(14 953)
Commentary
Cash generated by operating activities
Cash generated by operating activities decreased by 19%
to R52,3 billion compared to the prior year due to an increase
in working capital compared to a decrease in the prior year,
partially offset by higher cash flow from operations.
Finance costs paid
Finance costs paid increased compared to the prior year
mainly as a result of higher interest rates increasing the
interest expense.
Tax paid
Tax paid decreased compared to the prior year mainly due
to lower current year tax charge as a result of a decrease
in taxable profits mainly for Sasol South Africa.
Dividends paid
A final gross dividend of R10,00 per share was declared
for the prior year and was paid in September 2023, and
an interim gross dividend of R2,00 per share was declared
for the current year and paid in March 2024.
Proceeds from and repayment of long-term debt
In October 2023, Sasol issued senior unsecured notes to the
value of R2 368 million in the local debt market under the
R15 billion Domestic Medium Term Note (DMTN) programme,
and in March 2024 R27 billion (US$1,5 billion) was drawn
on the Revolving Credit Facility (RCF). The US$1,5 billion
(R28 billion) US Dollar bond was repaid in March 2024,
and partial settlements of R5,5 billion (US$0,3 billion) were
made in May and June 2024 on the RCF.
Cash and cash equivalents
Our net cash on hand position decreased from R54 billion
at 30 June 2023 to R45 billion at 30 June 2024 mainly
attributable to lower cash available from operating activities
and repayment of loans. This was partially negated by lower
dividends declared and paid.
