2008 Annual report - Sappi

Notes to the group annual financial statements // continued
for the year ended September 2008
US$ million 2008 2007
21. Other non-current liabilities
Post-employment benefits – pension liability (refer note 27) 144 144
Post-employment benefits other than pension liability (refer note 28) 141 181
Long-term employee benefits 6 10
Workmen’s compensation 7 6
Long service awards 18 19
Land restoration obligation 16 16
Deferred income 4 1
Other 10 7
346 384
22. Provisions
Summary of provisions:
Restructuring provisions 41 16
Other provisions 1 2
Balance at September* 42 18
* These are all current liabilities.
Severance,
retrench- Lease
ment cancellation
and related and penalty Other
Restructuring provisions costs costs restructuring Total
Balance at September 2006* 40 – 1 41
Increase in provisions 6 – 1 7
Utilised (16) – (1) (17)
Released during the year (17) – – (17)
Other movements (1) – – (1)
Translation effect 3 – – 3
Balance at September 2007* 15 – 1 16
Increase in provisions 23 5 19 47
Utilised (8) – – (8)
Released during the year (4) – – (4)
Other movements 1 – (10) (9)
Translation effect – (1) – (1)
Balance at September 2008* 27 4 10 41
* These are all included in current liabilities.
130