Our performance in 2009 - Sappi

40
Value added statement
for the year ended September 2009
US$ million 2009 2008 2007
Sales 5,369 5,863 5,304
Income from investments 61 38 21
Less: Paid to suppliers for materials and services 3,865 4,077 3,631
Total value added 1,565 1,824 1,694
Distributed as follows:
To employees as salaries, wages and other benefits 1,002 965 867
To lenders of capital as interest 205 179 169
To shareholders as dividends 37 73 68
To governments as taxation 76 89 111
Total value added distributed 1,320 1,306 1,215
Portion of value added reinvested to sustain and expand the business 245 518 479
Total value added distributed and reinvested 1,565 1,824 1,694
Taxation
Paid in taxes to governments (including US$3 million (September 2008:
US$6 million, September 2007: US$38 million) direct taxes on income)
Collected on behalf of, and paid over to governments:
76 89 111
– Employees’ taxation deducted from remuneration paid 148 158 148
– Net value added taxation (VAT) (149) (47) 39
Total 75 200 298
* Excludes the acquisition of the coated graphic business of M-real.