2007 Annual Report - Sappi

Investments
at September 2007
Share Effective Book value Loan to Loan from
capital holding of investment subsidiary subsidiary
Annexure A 2007 2006 2007 2006 2007 2006 2007 2006
Investments in subsidiaries ZAR ZAR ZAR ZAR ZAR ZAR
and joint venture % % million million million million million million
Set out below are the more
significant subsidiaries and
joint ventures or those that
have a loan with Sappi Limited
Southern Africa
Sappi Management
Services (Pty) Ltd M ZAR100 100 100 – – 401 339 – –
Sappi Manufacturing (Pty) Ltd O ZAR12,026,250 100 100 1,851 1,851 1,153 1,250 – –
Sappi Share Facilitation
Company (Pty ) Ltd O ZAR1,000 100 100 – – 663 796 – –
Usutu Pulp Company Ltd O SZL10,000,000 100 100 – – – – – –
America
S.D. Warren Company O USD1,000 100 100 – – – – (17) (16)
Sappi Cloquet LLC O –* 100 100 – – – – – –
Europe
Sappi Alfeld GmbH O EUR31,200,000 100 100 – – – – (2) (2)
Sappi Austria Produktions
GmbH and CoKG O EUR35,000 100 100 – – – – – –
Sappi Deutschland GmbH O EUR25 565 100 100 – – – – – –
Sappi Ehingen GmbH O EUR20,800,000 100 100 – – – – – –
Sappi Esus Beteiligungsverwaltungs
GmbH H EUR1,000,000 100 100 – – – – – –
Sappi Europe SA O EUR15,130,751 100 100 – – – – (25) (5)
Sappi Fine Paper plc M GBP50,000 100 100 1 1 – – – –
Sappi Holding GmbH H EUR72,700 100 100 10,059 10,059 – 19 (7) –
Sappi International SA F EUR1,920,621,000 100 100 – – 3 3 – –
Sappi Lanaken NV O EUR51,377,000 100 100 – – – – – –
Sappi Lanaken Press Paper NV O EUR57,179,613 100 100 – – – – – –
Sappi Maastricht BV O EUR31,992 100 100 – – – – – –
Sappi Nijmegen BV O EUR59,037 100 100 – – – – – –
Sappi Papier Holding GmbH H&O EUR72,700 100 100 – – 74 – – –
Sappi Trading Pulp AG O CHF100,000 100 100 – – – – (16) –
Sappi UK Ltd O GBP74,020,000 100 100 – – – 1 (2) (1)
Asia
Jiangxi Chenming Paper Co Ltd JV RMB1,424,160,000 34 34 – – – – – –
Other
Brocas Ltd H US$3,385,401 100 100 122 9 – – – –
Lignin Insurance Co. Ltd F US$656,000 100 100 221 221 1 – – –
Various other companies 8 8 1 1 (1) (1)
12,262 12,149 2,296 2,409 (70) (25)
Write down of investment
in subsidiaries (9) (9) – – – –
Holding Companies
H
Operating Companies
O
Finance Companies
F
Management Companies M
Joint Venture
JV
* No issued share capital, only additional paid in capital of US$488 million.
12,253 12,140 2,296 2,409 (70) (25)
sappi limited | 07 | annual report 185