SAPPI LTD (SAP) 6-K

HISTORIC FINANCIAL INFORMATION RELATING TO THE ACQUIRED BUSINESS
1. Combined Financial Statements for the years ended 31 December 2007, 2006 and 2005
COMBINED INCOME STATEMENTS
FOR THE YEARS ENDED 31 DECEMBER 2007, 2006 AND 2005
(Amounts in thousands of Euros, unless otherwise stated)
Note reference 2007 2006 2005
Sales
3rd parties 5 1,258,976 1,214,517 1,135,746
Related party 4,5 73,811 101,268 89,468
Total sales 1,332,787 1,315,785 1,225,214
Change in finished goods inventories and work in progress (2,527) (7,793) 2,672
Other operating income 4,6 15,452 17,112 18,768
Materials and services
Purchases 3 (919,488) (859,607) (775,788)
External services (76,123) (76,493) (73,475)
Employee costs 7 (145,579) (155,628) (155,884)
Depreciation and amortisation 8 (95,662) (59,021) (77,617)
Impairment charges and reversal of
impairment charges 8 151,000 (20,000) (251,000)
Other operating expenses (169,023) (169,473) (162,952)
Operating result 90,837 (15,118) (250,062)
Net exchange (losses)gains 9 (4,110) (3,314) 6,334
Other financial income 4,9 1,153 8,637 1,685
Other financial expenses 4,9 (8,687) (13,479) (12,356)
Financial items, total (11,644) (8,156) (4,337)
Result before tax 79,193 (23,274) (254,399)
Income taxes 10 (12,740) 3,069 27,789
Result for period 66,453 (20,205) (226,610)
Result attributable to the equity holders of the parent 66,453 (20,205) (226,610)
The accompanying notes are an integral part of the combined financial statements.
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