2012 Integrated report - Sappi

Group balance sheets in Rands (convenience translation)
for the year ended September 2012
ZAR million
Unaudited
2012 2011
Assets
Non-current assets 33,155 33,072
Property, plant and equipment 26,233 26,192
Plantations 4,612 4,696
Deferred tax assets 1,280 364
Goodwill and intangible assets 183 202
Joint ventures and associates 150 615
Other non-current assets 514 671
Derivative financial instruments 183 332
Current assets 18,099 17,998
Inventories 6,033 6,072
Trade and other receivables 6,706 6,728
Derivative financial instruments – 24
Cash and cash equivalents 5,360 5,174
Total assets 51,254 51,070
Equity and liabilities
Shareholders’ equity 12,672 11,966
Non-current liabilities 27,654 25,729
Interest-bearing borrowings 19,594 18,532
Deferred tax liabilities 2,651 2,720
Derivative financial instruments 382 –
Other non-current liabilities 5,027 4,477
Current liabilities 10,928 13,375
Interest-bearing borrowings 2,169 3,635
Overdraft 42 8
Derivative financial instruments 8 81
Trade and other payables 8,352 8,623
Taxation payable 216 162
Provisions 141 866
Total equity and liabilities 51,254 51,070
Note:
The above financial results have been translated into ZAR from US Dollars using the exchange rates as set out in accounting policies note 2.2.1. The year-end rate was used for
translating assets and liabilities and the average rate for translating income, expenditure and cash flow items.
The translation was made solely for the convenience of the readers and is not defined in IAS 21. It should be noted that the translated ZAR figures from US Dollars do not necessarily
represent that these US Dollar amounts could be converted into ZAR at the time when the transaction occurred.
sappi Integrated Report 2012 109