- Page 1 and 2: SAPPI GROUP (Sappi Limited) ANNUAL
- Page 3: • the impact of future investment
- Page 7 and 8: 1 2 North America 2 4 1 San Francis
- Page 9 and 10: 4 Our performance in 2009 Financial
- Page 11 and 12: 6 Our performance against financial
- Page 13 and 14: 8 Our performance against sustainab
- Page 15 and 16: 10 Our performance against sustaina
- Page 17 and 18: 12 Our performance against sustaina
- Page 19 and 20: 14 Our sustainable business cycle T
- Page 21 and 22: 16 Our products 1 2 3 Coated paper
- Page 23 and 24: Our objectives for 2010 Improve pro
- Page 25 and 26: 20 Letter to shareholders continued
- Page 27 and 28: 22 Letter to shareholders continued
- Page 29 and 30: 24 Interview with Ralph Boëttger,
- Page 31 and 32: 26 Our leadership Independent non-e
- Page 33 and 34: 28 Our leadership continued Indepen
- Page 35 and 36: 30 Review of operations Sappi Fine
- Page 37 and 38: 32 Review of operations | Sappi Fin
- Page 39 and 40: 34 Review of operations | Sappi Fin
- Page 41 and 42: 36 Review of operations Sappi Fores
- Page 43 and 44: 38 Review of operations | Sappi For
- Page 45 and 46: 40 Value added statement for the ye
- Page 47 and 48: 42 Chief financial officer’s repo
- Page 49 and 50: 44 Chief financial officer’s repo
- Page 51 and 52: 46 Chief financial officer’s repo
- Page 53 and 54: 48 Chief financial officer’s repo
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50 Chief financial officer’s repo
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52 Chief financial officer’s repo
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54 Chief financial officer’s repo
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56 Chief financial officer’s repo
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58 Chief financial officer’s repo
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60 Chief financial officer’s repo
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62 Five-year review for the year en
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64 Share statistics at September 20
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Risk management Global economic con
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Risk philosophy The Sappi Limited b
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Independence Accountability Given t
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Fairness Social responsibility Lege
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2009 annual report 75 Induction and
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2009 annual report 77 employment of
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2009 annual report 79 board to esta
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As part of continuous improvement t
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Compensation report In 2009, the co
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Balance between fixed and variable
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Executive directors (1) Details of
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2009 annual report 89 R J Boëttger
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2009 annual report 91 Board Committ
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Auditor’s report Independent audi
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Audit committee report The legal re
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Directors’ report for the year en
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Litigation We become involved from
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Group balance sheet at September 20
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Group statement of changes in equit
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Group balance sheet in Rands conven
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Notes to the group annual financial
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• Financial assets and financial
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2.2.10 Non-current assets held for
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(iii) Dividends Dividends are recog
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uyer and seller) multiple used in o
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2.4 Adoption of accounting standard
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Corporate and eliminations Group 20
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2009 annual report US$ million 2009
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6. Taxation (benefit) charge contin
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7. Earnings per share and headline
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2009 annual report 9. Property, pla
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US$ million 2009 annual report 2009
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2009 annual report US$ million 2009
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13. Joint ventures and associates*
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2009 annual report US$ million 2009
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16. Trade and other receivables con
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2009 annual report 17. Ordinary sha
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2009 annual report US$ million 2009
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20. Interest-bearing borrowings con
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2009 annual report 20. Interest-bea
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22. Provisions continued September
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2009 annual report US$ million 2009
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27. Post-employment benefits - pens
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27. Post-employment benefits - pens
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2009 annual report 2009 2008 27. Po
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2009 annual report 28. Post-employm
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28. Post-employment benefits - othe
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29. Share-based payments continued
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2009 annual report 29. Share-based
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2009 annual report 29. Share-based
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30. Financial instruments continued
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30. Financial instruments continued
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30. Financial instruments continued
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2009 annual report 30. Financial in
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30. Financial instruments continued
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30. Financial instruments continued
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30. Financial instruments continued
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30. Financial instruments continued
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30. Financial instruments continued
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30. Financial instruments continued
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30. Financial instruments continued
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2009 annual report 31. Related-part
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2009 annual report 33. Environmenta
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Company auditor’s report for the
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Condensed Sappi Limited company bal
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2009 annual report Notes to the con
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Glossary General definitions bleach
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not be comparable with similarly ti
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No issue and/or sale of these share
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Notes Confirmation of appointment o
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Proxy form for annual general meeti
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forward-looking statements Certain