SAPPI LTD (SAP) 6-K

Notes to the unaudited pro forma condensed consolidated income statement for the three month period ended December 2007
a. The Acquired Business income statement presentation format differs in certain respects from that of Sappi. The table below conforms the Acquired
Business information for the three month period ended December 2007, appearing elsewhere in this document, into Sappi's reporting format.
EUR’000 EUR’000 EUR’000 US$’000
3 month
period
ended
December
Conformed presentation
format Conformed presentation format
2007 Abridging
notes Reclassifications Reclassification
notes
(i) (A),(B) (ii)
Sales 337,225 – 337,225 490,865
Cost of sales 352,958 (a) (45,392) (1),(2) 307,566 447,693
Gross (loss) profit (15,733) 45,392 29,659 43,172
Selling, general and administration
expenses – 38,482 (1) 38,482 56,014
Share of profit (loss) from associates
and joint ventures – – – –
Other operating (income) expenses (113,392) (b) 6,910 (2) (106,482) (154,995)
Operating profit 97,659 – 97,659 142,153
Net finance costs 4,323 – 4,323 6,293
Finance costs 2,319 – 2,319 3,376
Finance revenue (431) – (431) (627)
Net foreign exchange gains 2,435 – 2,435 3,544
Profit before taxation 93,336 – 93,336 135,860
Taxation charge 13,275 – 13,275 19,323
Profit for the period 80,061 – 80,061 116,537
(i) The Acquired Business financial information has been extracted from the Acquired Business reviewed condensed results for the 3 month period ended
December 2007.
(ii) The conformed carve out income statement for the Acquired Business graphic paper business has been converted from Euros to US dollars using the
average exchange rate for the three months ended December 2007 of EUR1 : US$1.4556.
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