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Statement of changes in equity - ZAR (R)
R in Millions
Shareholders' equity
Share capital
Share repurchase programme
Share-based payment reserve
Investment fair value reserve
Foreign currency translation reserve
Cash flow hedge accounting reserve
Remeasurements on post-retirement benefit obligations
Retained earnings
Non-controlling interests in subsidiaries
Total
Balance at beginning of period at Jun. 30, 2017 R 211,711 R 29,282 R (2,641) R (12,525) R 33 R 23,285 R (647) R (1,790) R 176,714 R 5,523 R 217,234
Transactions with non-controlling shareholders                   (51) (51)
Movement in share-based payment reserve 989     989             989
Unwind of Sasol Inzalo transaction 557 (12,698)   6,999         6,256 (557)  
Long-term incentives vested and settled       (605)         605    
Implementation of Sasol Khanyisa transaction 2,953 1,832   1,121             2,953
Repurchase of shares   (2,641) R 2,641                
Total comprehensive (loss)/income for the year 14,727       10 5,215 827 (54) 8,729 1,433 16,160
Profit/(loss) 8,729               8,729 1,417 10,146
other comprehensive income for the year 5,998       10 5,215 827 (54)   16 6,014
Dividends paid (7,952)               (7,952) (725) (8,677)
Balance at end of period at Jun. 30, 2018 222,985 15,775   (4,021) 43 28,500 180 (1,844) 184,352 5,623 228,608
Disposal of business (52)         (52)         (52)
Movement in share-based payment reserve 1,552     1,552             1,552
Share-based payment expense 707     707             707
Sasol Khanyisa transaction 952     952             952
Deferred tax (107)     (107)             (107)
Unwind of Sasol Inzalo transaction (1,372) (5,887)   3,452         1,063   (1,372)
Repurchase of shares   (5,887)   5,887              
Final distribution to Sasol Inzalo Public (1,372)               (1,372)   (1,372)
Shares-based payment reserve to retained earnings       (2,435)         2,435    
Long-term incentives vested and settled       (573)         573    
Total comprehensive (loss)/income for the year 5,377       89 1,530 (180) (360) 4,298 1,785 7,162
Profit/(loss) 4,298               4,298 1,776 6,074
other comprehensive income for the year 1,079       89 1,530 (180) (360)   9 1,088
Dividends paid (8,580)               (8,580) (1,523) (10,103)
Balance at end of period at Jun. 30, 2019 219,910 9,888   410 132 29,978   (2,204) 181,706 5,885 225,795
Adjustment on initial application of IFRS 16,net of tax at Jun. 30, 2019 [1] (290)               (290)   (290)
Restated balance at beginning of period at Jun. 30, 2019 219,620 9,888   410 132 29,978   (2,204) 181,416 5,885 225,505
Movement in share-based payment reserve 1,938     1,938             1,938
Share-based payment expense 878     878             878
Sasol Khanyisa transaction 1,068     1,068             1,068
Deferred tax (8)     (8)             (8)
Long-term incentives vested and settled       (614)         614    
Total comprehensive (loss)/income for the year (67,220)       (83) 25,871 (1,771) (128) (91,109) (134) (67,354)
Profit/(loss) (91,109)               (91,109) (163) (91,272)
other comprehensive income for the year 23,889       (83) 25,871 (1,771) (128)   29 23,918
Dividends paid (31)               (31) (810) (841)
Balance at end of period at Jun. 30, 2020 R 154,307 R 9,888   R 1,734 R 49 R 55,849 R (1,771) R (2,332) R 90,890 R 4,941 R 159,248
[1] The adjustment on initial application of IFRS 16 'Leases' relates to the derecognition of the IAS 17 finance lease of Oxygen Train 17 and the recognition of the embedded derivative in the Oxygen Train 17 agreement with Air Liquide. Refer to note 1 for the impact of the adoption of IFRS 16.