25Interest in joint operations

At 30 June, the group’s interest in material joint operations were:

			% of equity owned
Name	Country of incorporation	Nature of activities	2020	2019
Gemini HDPE LLC	United States of America	Manufactures high density polyethylene chemicals	50	50
Sasol Canada	Canada	Development of shale gas reserves and production and marketing of shale gas	50	50
Natref	South Africa	Refining of crude oil	64	64

The information provided is Sasol’s share of joint operations (excluding unincorporated joint operations) and includes intercompany transactions and balances.

	Gemini		Sasol						Total		Total
	HDPE LLC		Canada		Natref		Other*		2020		2019
for the year ended 30 June	Rm		Rm		Rm		Rm		Rm		Rm
Statement of financial position
External non-current assets	6 148		1 430		3 461		1 878		12 917		10 858
External current assets	82		191		325		1 084		1 682		1 651
Intercompany current assets	26		1		9		4		40		109
Total assets	6 256		1 622		3 795		2 966		14 639		12 618

Shareholders’ equity	3 049		80		234		251		3 614		2 888
Long-term liabilities	2 958		1 446		2 823		1 997		9 224		8 001
Interest-bearing current liabilities	136		1		256		371		764		589
Non-interest-bearing current liabilities	113		95		268		81		557		737
Intercompany current liabilities	—		—		214		266		480		403

Total equity and liabilities	6 256		1 622		3 795		2 966		14 639		12 618

Income statement
Turnover	527		341		2 157		1 196		4 221		4 135
Operating profit/(loss)	(129	)	(133	)	284		130		152		(2 323	)
Other expenses	(160	)	(19	)	(207	)	(159	)	(545	)	(444	)

Net (loss)/profit before tax	(289	)	(152	)	77		(29	)	(393	)	(2 767	)
Taxation	—		—		37		(103	)	(66	)	(62	)

Attributable (loss)/profit	(289	)	(152	)	114		(132	)	(459	)	(2 829	)

Statement of cash flows
Cash flow from operations	1		(221	)	956		272		1 008		1 337
Movement in working capital	11		(53	)	(98	)	71		(69	)	(111	)
Tax paid	—		—		(2	)	(1	)	(3	)	(24	)
Other expenses	(131	)	—		(210	)	(205	)	(546	)	(561	)

Cash available from operations	(119	)	(274	)	646		137		390		641
Dividends paid	—		—		(166	)	—		(166	)	(230	)

Cash retained from operations	(119	)	(274	)	480		137		224		411
Cash flow from investing activities	(708	)	122		(519	)	342		(763	)	(843	)
Cash flow from financing activities	825		(2	)	77		(279	)	621		(612	)

Decrease/(Increase) in cash requirements	(2	)	(154	)	38		200		82		(1 044	)

*Includes Central Térmica de Ressano Garcia (CTRG).

At 30 June 2020, the group’s share of the total capital commitments of joint operations amounted to R700 million (2019 — R1 080 million).