Our performance in 2009 - Sappi

30. Financial instruments continued
Liquidity risk management – September 2008
Financial assets
Total
financial
assets
and
liabilities
Fair
value of
financial
instru-
ments
0 – 6
months
6 – 12
months
2009 annual report
Undiscounted cash flows
1 – 2
years
2 – 5
years
> 5
181
years Total
Other non-current assets 44 44 12 – 14 5 6 37
Non-current derivative
financial assets 76 76 38 10 37 – 1 86
Receive leg 186 35 211 127 8 567
Pay leg (148) (25) (174) (127) (7) (481)
Trade and other receivables 626 626 609 17 – – – 626
Current derivative financial
assets 4 4 5 – – – – 5
Receive leg 335 – – – – 335
Pay leg (330) – – – – (330)
Cash and cash equivalents 274 274 257 17 – – – 274
Financial liabilities
921 44 51 5 7 1,028
Interest-bearing borrowings 1,832 1,719 57 55 186 1,658 762 2,718
Non-current derivative
financial liabilities 1 1 – – – – 1 1
Pay leg – – – – 1 1
Receive leg – – – – – –
Other non-current liabilities – – – – – –
Interest-bearing borrowings 821 821 709 128 – – – 837
Overdraft 26 26 26 – – – – 26
Current derivative financial
liabilities 24 24 23 – – – – 23
Pay leg 578 – – – – 578
Receive leg (555) – – – – (555)
Trade and other payables 756 756 695 42 – – – 737
1,510 225 186 1,658 763 4,342
Liquidity gap (589) (181) (135) (1,653) (756) (3,314)
financials