2007 Annual Report - Sappi

Group statement of recognised income and expense
for the year ended September 2007
US$ million 2007 2006
Pension fund asset recognised (not recognised) 45 (43)
Actuarial gains on pension and other post-employment benefit liabilities 101 100
Fair value adjustment on available for sale financial instruments 1 –
Deferred taxation on above items (52) (19)
Valuation allowance against deferred tax assets and actuarial gains recognised 31 9
Exchange differences on translation of foreign operations 151 (189)
Net income (expense) recorded directly in equity 277 (142)
Profit (loss) for the period 202 (4)
Total recognised income (expense) for the period 479 (146)
sappi limited | 07 | annual report 69