2006 20-F - Sappi

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SAPPI CONDENSED COMPANY CASH FLOW STATEMENT for the year ended September 2006 2006 2005 ZAR million Profit before interest and taxation .............................................. Adjustments for non-cash items: 207 6,044 Subsidiary transactions...................................................... 237 (5,477) Other..................................................................... 12 16 Cash generated by operations .................................................. 456 583 Increase (decrease) in working capital........................................... 15 (4) Net finance income ........................................................... 21 22 Taxation paid ................................................................ (7 ) (158) Dividends paid............................................................... (484 ) (444) Cash generated (utilised) in operating activities................................... 1 (1) (Decrease) increase in non-current assets........................................ (1 ) 1 Proceeds of issuance of ordinary shares.......................................... — — Net movement in cash and cash equivalents...................................... — — Cash and cash equivalents at beginning of year ................................... — — Cash and cash equivalents at end of year......................................... — — S-3
SAPPI CONDENSED COMPANY STATEMENT OF RECOGNISED INCOME AND EXPENSE for the year ended September 2006 2006 2005 ZAR million Profit for the year............................................................. 154 5,980 Total recognised income for the year............................................ 154 5,980 S-4
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As filed with the Securities and Ex
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OUR USE OF TERMS AND CONVENTIONS IN
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FORWARD-LOOKING STATEMENTS In order
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2 Year Ended September 2006 2005 (U
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Risk Factors In addition to other i
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New technologies or changes in cons
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Several customers account for a sig
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Maintain a global presence. One of
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Major Product Categories Descriptio
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market share was negatively affecte
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The chart below represents the oper
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The following table sets forth appr
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Paper North America’s on-line fin
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of 860,000 metric tonnes of triple-
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a capacity of 60,000 metric tonnes
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customers use our products in the p
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(1) The following table sets forth
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The mill markets paper and excess p
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Pulp Sappi Fine Paper North America
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equired for its operations. Sappi F
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• The National Environmental Mana
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PROPERTY, PLANT AND EQUIPMENT For a
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ITEM 5. OPERATING AND FINANCIAL REV
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) Movement in market prices for our
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The recent price history for benchm
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Demand from all of the market segme
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Raw Material and Other Input Costs
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The exchange rate impact on raw mat
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Our South African businesses have f
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• Any debtors or creditors not in
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Year Ended September 2006 Compared
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US$28 million. Decreased selling pr
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enefit of the reversal of the Usutu
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accounting mismatch, as a result of
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South African residents, who are na
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The increase of US$11 million in fi
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June 2010. The OeKB A tranche and t
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impact on liquidity varies accordin
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Contractual Obligations We have var
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mill is located in Nanchang, the ca
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product pricing, raw material costs
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flows of the related underlying exp
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increases, health care cost trends,
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alance sheet date. Risks, uncertain
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If the Group had applied IFRS 3 ret
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IFRS. The Group did not apply the e
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Where BEE equity credentials are ob
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Environmental Matters We operate in
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Klaas de Kluis (70) (independent).
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Mark Richard Thompson (54) BCom, BA
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Audit Committee An Audit Committee
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estructuring initiatives that occur
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Levies Act, was paid via Internal R
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Pursuant to the Companies Amendment
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on Restitution of Land Rights and a
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(“the Depositary”) with respect
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• any proposal concerning the ado
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Voting Rights Subject to any rights
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equest not less than one-twentieth
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Financial Assistance The Bill enhan
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At the Annual General Meeting of Sh
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African shareholders will be paid t
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purpose of Capital Gains Tax in Sou
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Distributions. The gross amount of
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US Federal Income Tax Consequences
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PART II ITEM 13. DEFAULTS, DIVIDEND
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the controls may become inadequate
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ITEM 16E. PURCHASES OF EQUITY SECUR
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4.10 Credit Facility, dated May 7,
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SAPPI Group Annual Financial Statem
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SAPPI GROUP INCOME STATEMENT for th
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SAPPI GROUP CASH FLOW STATEMENT for
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1. BUSINESS SAPPI NOTES TO THE GROU
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SAPPI NOTES TO THE GROUP ANNUAL FIN
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4.2 Employee cost SAPPI NOTES TO TH
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Page 213 and 214: SAPPI NOTES TO THE GROUP ANNUAL FIN
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2006 20-F - Sappi

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