2008 Annual report - Sappi

Notes to the group annual financial statements // continued
for the year ended September 2008
30. Financial Instruments (continued)
Fair values (continued)
Out of Categories Total
Total scope according in Fair
September 2008 balance IAS 39 to IAS 39 scope value
Other
Classes of Held for financial
financial instruments trading liabilities
Non current liabilities
Interest bearing borrowings 1,832 – – 1,832 1,832 1,719
Bank loans payable (>1 year) – including
syndicated loans – – 664 664 642
Bonds – – 1,084 1,084 998
Financial leasing liabilities – – 21 21 21
Other – – 63 63 58
Derivative financial
instruments 1 – 1 – 1 1
Current liabilities
Interest bearing borrowings 821 – – 821 821 821
Bank loans payable (< 1 year)
– incl. syndicated loans – – 446 446 446
Current portion of other
non-current loans payable – – 6 6 6
Financial leasing liabilities – – 2 2 2
Secured loans (< 1 year) – – 142 142 142
Securitisation debt – – 220 220 220
Other current loans – external – – 5 5 5
Overdraft
Bank overdrafts (< 3 months) 26 – – 26 26 26
Derivative financial
instruments 24 – 24 – 24 24
Trade and other payables 959 203 – 756 756 756
Accruals 202 – 233 233 233
Accounts payable to associates – – 1 1 1
Other accounts payable – current 1 – 522 522 522
168