SAPPI LIMITED

SAPPI
NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS (Continued)
for the year ended September 2010
16. TRADE AND OTHER RECEIVABLES (Continued)
16.2 Analysis of amounts past due
September 2010
The following provides an analysis of the amounts that are past the due contractual maturity dates:
Not
Impaired Impaired Total
Less than 7 days overdue ...................... 18 — 18
Between 7 and 30 days overdue ................. 18 — 18
Between 30 and 60 days overdue ................ 3 1 4
More than 60 days overdue ..................... 15 13 28
54 14 68
September 2009
The following provides an analysis of the amounts that are past the due contractual maturity dates:
Not
Impaired Impaired Total
Less than 7 days overdue ...................... 9 — 9
Between 7 and 30 days overdue ................. 29 — 29
Between 30 and 60 days overdue ................ 9 — 9
More than 60 days overdue ..................... 19 15 34
66 15 81
All amounts due which are beyond their contractual repayment terms are reported to regional
management on a regular basis. Any provision for impairment is required to be approved in line with the
group limits of authority framework.
The group has a provision of US$14 million (2009: US$15 million) against trade receivables that are
past due.
The group holds collateral of US$17 million (2009: US$17 million) against these trade receivables
that are past due.
The group has granted facilities to customers to buy on credit for the following amounts:
2010 2009
Less than US$0.5 million ..............................
Less than US$1 million but equal to or greater than
331 332
US$0.5 million .................................... 276 275
Less than US$3 million but equal to or greater than US$1 million . 557 495
Less than US$5 million but equal to or greater than US$3 million . 225 212
Equal to or greater than US$5 million ..................... 965 951
2,354 2,265
F-44