SAPPI LIMITED

SAPPI
NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS (Continued)
for the year ended September 2010
29. FINANCIAL INSTRUMENTS (Continued)
Out of
Categories
according to
IAS 39
Other Total
Total scope Held for financial in Fair
Classes of financial instruments
Non-current liabilities
balance IAS 39* trading liabilities scope value
Interest-bearing borrowings ..................
Bank loans payable (> 1 year)—including syndicated
2,317 — — 2,317 2,317 2,612
loans .................................. — — 103 103 107
Bonds ................................... — — 1,796 1,796 2,052
Financial leasing liabilities ..................... — — 39 39 34
Secured loans .............................
Current liabilities
— — 379 379 419
Interest-bearing borrowings ..................
Bank loans payable (< 1 year)—including syndicated
691 — — 691 691 732
loans .................................. — — 96 96 96
Current portion of other non-current loans payable . . . — — 62 62 62
Financial leasing liabilities ..................... — — 13 13 13
Secured loans (< 1 year) ..................... — — 148 148 182
Securitization debt ..........................
Overdraft
— — 372 372 379
Bank overdrafts (< 3 months) .................. 5 — — 5 5 5
Derivative financial instruments ............... 3 — 3 — 3 3
Trade and other payables .................... 1,271 280 — 991 991 991
Accruals ................................. 278 — 249 249 249
Accounts payable to associates ................ — — 1 1 1
Other accounts payable—current ............... 2 — 741 741 741
* This refers to items that are outside the scope of IAS 39.
F-104