SAPPI LTD (SAP) 6-K

Property, plant and equipment include assets acquired under finance lease agreements as of 31 December:
2007 2006 2005
Acquisition costs 144,825 144,825 145,347
Accumulated depreciation 86,583 74,029 62,035
Book value 31 December 58,242 70,796 83,312
Book value 1 January 70,796 83,312 95,773
Note 13•Other non-current assets
The following is a summary of the Company’s other non-current assets as of 31 December:
2007 2006 2005
Defined benefit pension plan (see note 17) 1,147 - -
Other assets 56 56 56
1,203 56 56
Note 14•Inventories
The following is a summary of the Company’s inventory as of 31 December:
2007 2006 2005
Raw materials and consumables 47,375 53,855 64,454
Work in progress 14,187 15,925 15,681
Finished goods and goods for sale 57,760 59,001 67,565
Advance payments 4,671 5,601 4,946
123,993 134,382 152,646
During the years ended 31 December 2007, 2006 and 2005 there were no substantial write-downs of inventories to net realisable value.
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