SASOL LTD — Interim / Quarterly Report 2003

Mar 13, 2003

6-K 1 j8430_6k.htm 6-K

*SECURITIES AND EXCHANGE COMMISSION*

*Washington, D.C. 20549*

*FORM 6-K*

*Report of Foreign Private Issuer*

*Pursuant to Rule 13a -16 or 15d -16 of the Securities Exchange Act of 1934*

*Report on Form 6-K for March 13, 2003*

*Sasol Limited 1 Sturdee Avenue Rosebank 2196 South Africa*

(Name and address of registrant’s principal executive office)

(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)

Form 20-F ý Form 40-F o

Enclosures:

US GAAP reconciliation

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*Reconciliation from IAS to US GAAP*

*(not reviewed by auditors)*

	Half-year ended 31 December 2002 — Turnover (external)		Operating Profit		Half year ended 31 December 2001 — Turnover (external)		Operating Profit		Year ended 30 June 2002 — Turnover (external)		Operating Profit
Sasol
Mining	513		708		657		641		1,239		1,340
Sasol
Synfuels	7,630		5,023		5,935		3,688		12,620		8,048
Sasol
Oil and Gas	3,593		565		2,236		925		6,085		1,840
Sasol
Chemical Industries	22,171		1,380		18,994		1,896		41,340		3,686
Other
Group companies	108		(371	)	41		(103	)	294		(19	)
Total
segments per International Accounting Standards	34,015		7,305		27,863		7,047		61,578		14,895
Reconciliation
of segment information to US GAAP
Adjustments:
Depreciation of
interest capitalised	—		(52	)	—		(46	)	—		(111	)
Pension Asset	—		(15	)	—		15		—		39
Post-retirement
healthcare	—		(19	)	—		(17	)	—		(145	)
Asset retirement
obligations	—		(14	)	—		(12	)	—		—
Research and
development costs expensed	—		(26	)	—		(26	)	—		(21	)
Derivatives	—		17		—		176		—		(190	)
Share
compensation expense	—		(24	)	—		(9	)	—		(48	)
Foreign currency
translation	—		(204	)	—		447		—		311
Revenue
recognition	(1,013	)	(4	)	(1,187	)	(23	)	(1,867	)	25
Business
combinations	(646	)	(49	)	(412	)	(37	)	(2,441	)	(108	)
Reversal of
proportionate consolidation	(597	)	(13	)	(1,940	)	(94	)	(2,288	)	(145	)
Entities
previously not consolidated	1,423		67		1,006		45		739		—
Capitalisation
of finance leases	—		10		—		7		—		—
Impairment	—		240		—		—		—		(47	)
Provision for
guarantee payable	—		—		—		—		—		(205	)
Other	40		120		38		70		(54	)	(26	)
Total per US
GAAP	33,222		7,339		25,368		7,543		55,667		14,224

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*Reconciliation from IAS to US GAAP*

*(not reviewed by auditors)*

	Half year ended — 31 December 2002		31 December 2001		Year ended — 30 June 2002
	Total external assets		Total external assets		Total external assets
Sasol Mining	4,257		4,195		3,665
Sasol Synfuels	8,862		7,729		8,276
Sasol Oil and Gas	7,751		4,680		5,073
Sasol Chemical Industries	39,380		42,552		43,362
Other
Group companies	4,218		2,470		3,481
Total
segments per International Accounting Standards	64,468		61,626		63,857
Reconciliation
of segment information to US GAAP
Adjustments:
Capitalisation
of interest	2,104		1,380		1,735
Pension Asset	432		323		468
Research and
development costs expensed	(181	)	(179	)	(253	)
Business
combinations	(726	)	(565	)	(3,173	)
Reversal of
proportionate consolidation	(1,335	)	(1,888	)	(1,455	)
Entities
previously not consolidated	437		318		638
Deferred tax	202		253		329
Capitalisation
of finance leases	464		309		367
Impairment	155		—		117
Other	263		316		(137	)
Total external
assets per US GAAP	66,283		61,893		62,493

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant, Sasol Limited, has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: March 13, 2003
By:	/s/ N L Joubert
	Name: Dr N L Joubert
	Title: Company
Secretary

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