SAPPI LTD (SAP) 6-K

Abridging notes
(a) This represents the aggregation of change in stocks of finished goods and work in progress for EUR2,527, purchases during the financial period of
EUR919,488, external services of EUR76,123, employee costs of EUR145,579, depreciation and amortisation cost of EUR95,662.
(b) This represents other operating income of (EUR15,452), the impairment reversal of (EUR151,000) and other operating expenses of EUR169,923.
Reclassification notes
(A)
(B)
Financial information for the Acquired Business for the year ended December 2007 is included in the Acquired Businesses audited financial
statements, appearing elsewhere in this Circular.
The Acquired Business income statement presentation is by nature of expense while Sappi income statement presentation is by function. As a result
certain presentation reclassifications have been performed to conform to Sappi's presentation format. These reclassifications from cost of sales are as
follows:
(1) EUR86,508 has been reallocated to selling, general and administration expenses (SG&A). These expenses include costs such as personnel,
marketing and general office expenses that are not directly related to the cost of production of goods.
(2) (EUR98,956) has been reallocated to other operating expenses. Included in this income (expense) function are items of income or expense which
are material by nature or amount to the operating results and require separate disclosure. Under Sappi's accounting policies, such items would
generally include profit and loss on disposal of property, investments and business, asset impairments, restructuring charges, financial impacts of
natural disasters and non-cash gains or losses on the price fair value adjustment of plantations.
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