Our performance in 2009 - Sappi

198
Investments
at September 2009
Annexure A
Investments in subsidiaries
and joint venture
Set out below are the more
significant subsidiaries and joint
ventures or those that have a loan
with Sappi Limited
Share
capital Effective holding
2009
%
2008
%
Book value
of investment
2009
ZAR
million
2008
ZAR
million
Loan to
subsidiary
2009
ZAR
million
2008
ZAR
million
Loan from
subsidiary
2009
ZAR
million
2008
ZAR
million
Southern Africa
Sappi Management Services
(Pty) Ltd M ZAR100 100 100 – – 504 456 – –
Sappi Manufacturing (Pty) Ltd O ZAR12,026,250 100 100 1,851 1,851 906 1,357 – –
Sappi Share Facilitation
Company (Pty ) Ltd O ZAR1,000 100 100 – – 789 607 – –
Usutu Pulp Company Ltd O SZL10,000,000 100 100 – – – – – –
America
SD Warren Company O USD1,000 100 100 – – – – (7) (35)
Sappi Cloquet LLC O – (1) 100 100 – – – – – –
Europe
Sappi Alfeld GmbH O EUR31,200,000 100 100 – – – – – –
Sappi Austria Produktions
GmbH and CoKG O EUR35,000 100 100 – – – – – –
Sappi Deutschland GmbH O EUR25,565 100 100 – – – – – –
Sappi Ehingen GmbH O EUR20,800,000 100 100 – – – – – –
Sappi Esus
Beteiligungsverwaltungs GmbH H EUR1,000,000 100 100 – – – – – –
Sappi Europe SA O EUR15,130,751 100 100 – – – – (22) (31)
Sappi Finland 1 Oy O EUR2,500 100 – – – – – – –
Sappi Fine Paper plc M GBP50,000 100 100 1 1 – – – –
Sappi Holding GmbH H EUR72,700 100 100 16,288 10,375 – – – (6)
Sappi International SA F EUR1,200,603,930 100 100 – – 34 32 – –
Sappi Lanaken NV O EUR51,377,000 100 100 – – – – – –
Sappi Lanaken Press Paper NV O EUR57,179,613 100 100 – – – – – –
Sappi Maastricht BV O EUR31,992 100 100 – – – – – –
Sappi Nijmegen BV O EUR59,037 100 100 – – – – – –
Sappi Schweiz AG O CHF10,000 100 – – – – – – –
Sappi Stockstadt GmbH O EUR40,000 100 – – – – – – –
Sappi Papier Holding GmbH H&O EUR72,700 100 100 – – – 1 (1) –
Sappi Trading Pulp AG O CHF100,000 100 100 – – – – (9) –
PE Paper Escrow GmbH F EUR35,000 100 – – – – – – –
Sappi UK Ltd O GBP74,020,000 100 100 – – – – – –
Asia
Jiangxi Chenming Paper
Co Ltd JV RMB1,424,160,000 34 34 – – – – – –
Other
Brocas Ltd H US$3,385,401 100 100 – – – – – –
Lignin Insurance Co Ltd (2) F US$656,000 100 100 2 85 – 3 – –
Employee share participation
Trusts – – – – (31) (30)
Various other companies – 7 – – (3) (3)
Write down of investment
18,142 12,319 2,233 2,456 (73) (105)
in subsidiaries – – – – – –
Holding companies H Management companies M
Operating companies O Joint venture JV
Finance companies F
(1) No issued share capital, only additional paid in capital of US$488 million.
(2) Declared a dividend out of pre-acquisition reserves.
18,142 12 319 2,233 2,456 (73) (105)