Our performance in 2009 - Sappi

Group balance sheet in Rands convenience translation
at September 2009
2009 annual report
Unaudited
ZAR million 2009 2008
Assets
Non-current assets 36,070 35,594
Property, plant and equipment 29,156 27,140
Plantations 4,528 5,095
Deferred tax assets 415 331
Goodwill and intangible assets 237 57
Joint ventures and associates 912 1,001
Other non-current assets 748 1,356
Derivative financial instruments 74 614
Current assets 18,010 13,735
Inventories 5,870 5,854
Trade and other receivables 6,359 5,636
Derivative financial instruments 74 32
Cash and cash equivalents 5,707 2,213
Total assets 54,080 49,329
Equity and liabilities
Shareholders’ equity 13,296 12,961
Non-current liabilities 27,140 20,817
Interest-bearing borrowings 20,203 14,794
Deferred tax liabilities 2,631 3,222
Derivative financial instruments 178 8
Other non-current liabilities 4,128 2,793
Current liabilities 13,644 15,551
Interest-bearing borrowings 4,454 6,630
Overdraft 141 210
Derivative financial instruments 104 194
Trade and other payables 8,271 7,744
Taxation payable 415 436
Provisions 259 337
Total equity and liabilities 54,080 49,329
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 except for dividends which have been translated at the rate
of exchange on the date of declaration. 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.
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financials