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
2,726 — — 2,726 2,726 3,021
loans .................................. — — 720 720 804
Bonds ................................... — — 1,952 1,952 2,161
Financial leasing liabilities ..................... — — 54 54 56
Derivative financial instruments ...............
Current liabilities
24 — 24 — 24 24
Interest-bearing borrowings ..................
Bank loans payable (< 1 year)—including syndicated
601 — — 601 601 602
loans .................................. — — 149 149 150
Current portion of other non-current loans payable . . . — — 32 32 32
Financial leasing liabilities ..................... — — 19 19 19
Secured loans (< 1 year) ..................... — — 67 67 67
Securitization debt .......................... — — 333 333 333
Other current loans—external .................. — — 1 1 1
Overdraft
Bank overdrafts (< 3 months) .................. 19 — — 19 19 19
Derivative financial instruments ............... 14 — 14 — 14 14
Trade and other payables .................... 1,116 256 — 860 860 860
Accruals ................................. 255 — 262 262 262
Accounts payable to associates ................ — — 1 1 1
Other accounts payable—current ............... 1 — 597 597 597
* This refers to items that are outside the scope of IAS 39.
F-106