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SAPPI<br />
NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS (Continued)<br />
31. FINANCIAL INSTRUMENTS (Continued)<br />
for the year ended September <strong><strong>20</strong>06</strong><br />
Financial instrument classifcation at September <strong><strong>20</strong>06</strong>:<br />
Held for<br />
trading<br />
Loans and<br />
receivables<br />
Available for<br />
sale<br />
Other<br />
financial<br />
liabilities<br />
F-97<br />
Total financial<br />
assets and<br />
liabilities<br />
US$ million<br />
Items not in<br />
the scope of<br />
IAS 39 Total<br />
Fair value of<br />
financial<br />
instruments<br />
Assets<br />
Non-current assets ..... 102 32 11 — 145 3,852 3,997 145<br />
Property, plant and<br />
equipment........ — — — — — 3,129 3,129 —<br />
Plantations.......... — — — — — 5<strong>20</strong> 5<strong>20</strong> —<br />
Deferred tax assets . . . . — — — — — 74 74 —<br />
Goodwill and intangible<br />
assets............ — — — — — 8 8 —<br />
Equity investments.... — — — — — 103 103 —<br />
Other non-current<br />
assets............ — 32 11 — 43 18 61 43<br />
Derivative financial<br />
instruments....... 102 — — — 102 — 102 102<br />
Current assets ........ 4 774 — — 778 722 1,500 778<br />
Inventories.......... — — — — — 699 699 —<br />
Trade and other<br />
receivables........ — 550 — — 550 23 573 550<br />
Prepaid income taxes . . — — — — — — — —<br />
Derivative financial<br />
instruments....... 4 — — — 4 — 4 4<br />
Cash and cash<br />
equivalents........ — 224 — — 224 — 224 224<br />
Assets held for sale . . . . — — — — — <strong>20</strong> <strong>20</strong> —<br />
Total assets .......... 106 806 11 — 923 4,594 5,517 923<br />
Equity and liabilities<br />
Shareholders’ equity .... — — — — — 1,386 1,386 —<br />
Ordinary share capital<br />
and share premium . — — — — — 715 715 —<br />
Non-distributable<br />
reserves.......... — — — — — 109 109 —<br />
Foreign currency<br />
translation reserve . . — — — — — (33) (33 ) —<br />
Retained earnings. . . . . — — — — — 595 595 —<br />
Minority interest. ...... — — — — — — — —<br />
Non-current liabilities. .. 23 — — 1,652 1,675 790 2,465 1,708<br />
Interest-bearing<br />
borrowings........ — — — 1,634 1,634 — 1,634 1,667<br />
Deferred tax liabilities . — — — — — 336 336 —<br />
Derivative financial<br />
instruments....... 23 — — — 23 — 23 23<br />
Other non-current<br />
liabilities......... — — — 18 18 454 472 18<br />
Non-current provisions . — — — — — — — —<br />
Current liabilities ...... 14 — — 1,287 1,301 365 1,666 1,301<br />
Interest-bearing<br />
borrowings........ — — — 694 694 — 694 694<br />
Overdraft........... — — — 9 9 — 9 9<br />
Derivative financial<br />
instruments....... 14 — — — 14 — 14 14<br />
Trade and other<br />
payables.......... — — — 584 584 219 803 584<br />
Taxation payable ..... — — — — — 101 101 —<br />
Provisions........... — — — — — 45 45 —<br />
Total equity and<br />
liabilities. ......... 37 — — 2,939 2,976 2,541 5,517 3,009
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