Our performance in 2009 - Sappi

132
US$ million
Notes to the group annual financial statements continued
Goodwill
Licence
2009 2008
fees Patents Brands Total Goodwill
Licence
fees Patents Brands Total
12. Goodwill and
intangible assets
Cost net of
accumulated
amortisation and
impairment at
beginning of year 4 3 – – 7 4 3 – – 7
Acquisition – – – 25 25 – – – – –
Amortisation – – – (2) (2) – – – – –
Translation difference – – – 2 2 – – – – –
Net carrying amount 4 3 – 25 32 4 3 – – 7
Cost (gross carrying
amount)
Accumulated
amortisation and
4 3 21 27 55 4 3 21 – 28
impairment – – (21) (2) (23) – – (21) – (21)
Net carrying amount 4 3 – 25 32 4 3 – – 7
US$ million 2009 2008
13. Joint ventures and associates*
Cost of equity investments 99 99
Share of post-acquisition profit, net of distributions received 24 14
Foreign currency translation effect – 11
123 124
Summarised financial information in respect of the group’s equity investments is set
out below:
Total assets 638 659
Total liabilities 312 338
Net assets 326 321
Group’s share of equity investments net assets 123 124
2009 2008 2007
Sales 756 902 749
Profit for the period 28 46 20
Group’s share of equity investments’ profit for the period 11 17 10