Our performance in 2009 - Sappi

130
Notes to the group annual financial statements continued
US$ million 2009 2008
11. Deferred tax continued
Unrecognised deferred tax assets relate to the following:
Other non-current liabilities 66 29
Tax losses 634 538
Property, plant and equipment – 24
Attributable to the following tax jurisdictions:
700 591
Belgium 49 6
The Netherlands 10 20
Finland 39 –
United Kingdom 65 75
United States of America 222 188
Swaziland 28 27
South Africa 2 2
Austria 285 273
700 591
Expiry after five years 152 165
Indefinite life 548 426
The following table shows the movement in the unrecognised
700 591
deferred tax assets for the year
Balance at beginning of year 591 506
Unrecognised deferred tax assets originating during the current year 129 108
Utilisation of previously unrecognised tax assets (22) (19)
Prior year adjustments 1 4
Rate adjustments 2 –
Movement in foreign exchange rates (1) (8)
Balance at end of year 700 591