UNITED STATES SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 11-K
(Mark One)
[X] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the Fiscal Year Ended December 31, 1999
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the transition period from Commission File Number
to _______________________
A. Full title of the plan and the address of the plan, if different from
that of the issuer named below:
MOORE NORTH AMERICA, INC. SAVINGS PLAN
B. Name of issuer of the securities held pursuant to the plan and the
address of its principal executive office:
Moore Corporation Limited
1 First Canadian Place
Toronto, Ontario, Canada M5X 1G5
REQUIRED INFORMATION
Attached hereto are the Moore North America, Inc. Savings Plan
audited financial statements and supplemental schedules
for the fiscal year ended December 31, 1999
MOORE NORTH AMERICA, INC. SAVINGS PLAN
INDEX TO FINANCIAL STATEMENTS AND SUPPLEMENTAL SCHEDULE
DECEMBER 31, 1999 AND 1998
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PAGE(S)
Report of Independent Accountants 1
Financial Statements:
Statements of Net Assets Available for Benefits, December 31, 1999
and 1998 2
Statements of Changes in Net Assets Available for Benefits for the
years ended December 31, 1999 and 1998 3
Notes to the Financial Statements 4-11
Supplemental Schedule:
Line 4i - Schedule of Assets Held for Investment Purposes,
December 31, 1999 12
Note: All other schedules required by the Department of Labor's Rules and
Regulations for Reporting and Disclosure under the Employee Retirement
Income Security Act of 1974 have been omitted because the conditions
under which they are required are not present.
REPORT OF INDEPENDENT ACCOUNTANTS
To the Participants and Administrator of the
Moore North America, Inc. Savings Plan
In our opinion, the accompanying statements of net assets available for benefits
and the related statements of changes in net assets available for benefits
present fairly, in all material respects, the net assets available for benefits
of the Moore North America, Inc. Savings Plan (the "Plan"), formerly known as
the Moore U.S.A. Inc. Saving Plan, at December 31, 1999 and 1998, and the
changes in net assets available for benefits for the years then ended in
conformity with accounting principles generally accepted in the United States.
These financial statements are the responsibility of the Plan's management; our
responsibility is to express an opinion on these financial statements based on
our audits. We conducted our audits of these statements in accordance with
auditing standards generally accepted in the United States, which require that
we plan and perform the audit to obtain reasonable assurance about whether the
financial statements are free of material misstatement. An audit includes
examining, on a test basis, evidence supporting the amounts and disclosures in
the financial statements, assessing the accounting principles used and
significant estimates made by management, and evaluating the overall financial
statement presentation. We believe that our audits provide a reasonable basis
for the opinion expressed above.
Our audits were conducted for the purpose of forming an opinion on the basic
financial statements taken as a whole. The supplemental schedule of Line 4i,
Schedule of Assets Held for Investment Purposes, is presented for the purpose of
additional analysis and is not a required part of the basic financial statements
but is supplementary information required by the Department of Labor's Rules and
Regulations for Reporting and Disclosure under the Employee Retirement Income
Security Act of 1974. This supplemental schedule is the responsibility of the
Plan's management. The supplemental schedule has been subjected to the auditing
procedures applied in the audits of the basic financial statements and, in our
opinion, is fairly stated in all material respects in relation to the basic
financial statements taken as a whole.
PriceWaterhouseCoopers LLP
June 29, 2000
MOORE NORTH AMERICA, INC. SAVINGS PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
DECEMBER 31, 1999 AND 1998
- -------------------------------------------------------------------------------
1999 1998
ASSETS
Plan investments at fair value (Notes 2, 3 and 5) $ 416,882,643 $ 376,367,157
Guaranteed investment contracts at contract value (Note 4) 31,548,426 37,822,918
------------- -------------
Total investments 448,431,069 414,190,075
------------- -------------
Participant notes receivable 6,634,915 5,681,849
------------- -------------
Receivables:
Interest and dividend receivables 7,630 294,521
Employer contribution receivable 3,941,661 650,395
Securities sold 435,401 --
------------- -------------
Total receivables 4,384,692 944,916
------------- -------------
Total assets 459,450,676 420,816,840
------------- -------------
LIABILITIES
Securities purchased (435,401) (2,601,546)
------------- -------------
Total liabilities (435,401) (2,601,546)
------------- -------------
Net assets available for benefits $ 459,015,275 $ 418,215,294
------------- -------------
------------- -------------
The accompanying notes are an integral part of these financial statements.
-2-
MOORE NORTH AMERICA, INC. SAVINGS PLAN
STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
FOR THE YEARS ENDED DECEMBER 31, 1999 AND 1998
- -------------------------------------------------------------------------------
1999 1998
ADDITIONS
Investment income:
Interest and dividend income $ 750,669 $ 1,195,507
Increase in the value of the Plan's interest in
bank commingled trusts 56,693,056 48,695,767
Net depreciation in fair value of investments (2,108,214) (1,301,451)
Interest income from guaranteed investment contracts 2,323,714 2,717,461
------------- -------------
Total investment income 57,659,225 51,307,284
------------- -------------
Contributions:
Employer 7,493,577 4,612,631
Participant 27,044,008 25,936,761
------------- -------------
Total contributions 34,537,585 30,549,392
Plan transfers -- 1,762,634
------------- -------------
Total additions 92,196,810 83,619,310
------------- -------------
DEDUCTIONS
Benefits paid to participants (48,648,463) (30,142,398)
Trustee fees (1,042,015) (1,868,867)
Recordkeeper fees (987,145) (567,032)
Other administrative expenses (209,764) (113,247)
Participant notes receivable terminated
due to withdrawal of participants (509,442) (662,543)
------------- -------------
Total deductions (51,396,829) (33,354,087)
Net increase 40,799,981 50,265,223
Net assets available for benefits, beginning of year 418,215,294 367,950,071
------------- -------------
Net assets available for benefits, end of year $ 459,015,275 $ 418,215,294
------------- -------------
------------- -------------
The accompanying notes are an integral part of these financial statements.
-3-
MOORE NORTH AMERICA, INC. SAVINGS PLAN
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEARS ENDED DECEMBER 31, 1999 AND 1998
- -------------------------------------------------------------------------------
1. DESCRIPTION OF PLAN
The following brief description of the Moore North America, Inc. Savings
Plan (the "Plan"), formerly known as the Moore U.S.A. Inc. Savings Plan,
provides only general information. For more complete information,
participants should refer to the text of the Plan document.
GENERAL
The Plan is a defined contribution plan covering substantially all
employees of Moore North America, Inc. (the "Company") and is subject to
the provisions of the Employee Retirement Income Security Act of 1974
("ERISA"). The Plan is administered by a committee appointed by the Board
of Directors of the Company's parent, Moore Corporation Limited. The
assets of the Plan are maintained by The Frank Russell Trust Company (the
"Trustee").
PARTICIPATION
In order to become a Plan member ("participant"), an employee must have
attained age 21 and have completed at least 90 days of service, as
defined by the Plan document.
CONTRIBUTIONS AND BENEFITS
Participants of the Plan are entitled to make tax deferred contributions
to the Plan equal to a full percentage between 1% and 15% of the
participant's annual compensation, which shall not exceed $160,000,
adjusted for changes in the cost of living. The Company makes basic
employer matching contributions in an amount equal to 25% of a
participant's tax deferred contribution up to a maximum of 5% of the
participant's annual compensation. Additionally, a supplemental employer
matching contribution will be determined based on the Company achieving
certain financial targets determined by the Board of Directors of the
Company's parent. These supplemental employer matching contributions will
range between 0% and 50% of a participant's tax deferred contribution
limited to a maximum of 5% of the participant's annual compensation.
Effective October 25, 1999, participants of the Plan can change
investment direction, transfer fund balances, and/or change contributions
on a daily basis.
PARTICIPANT ACCOUNTS
Each participant account is adjusted each business day of the year to
reflect its share of income, contributions, withdrawals, distributions,
and expenses payable from the trust fund, and any increase or decrease in
the value of the trust fund assets since the preceding business day.
-4-
MOORE NORTH AMERICA, INC. SAVINGS PLAN
NOTES TO THE FINANCIAL STATEMENTS, CONTINUED
FOR THE YEARS ENDED DECEMBER 31, 1999 AND 1998
- -------------------------------------------------------------------------------
VESTING
Participants are immediately vested in the value of their tax deferred
contribution accounts and the earnings thereon. Vesting in employer
matching contributions is based on elective months of participation. A
participant is 100% vested after 48 elective months. An elective month is
any month in which a participant makes a tax deferred contribution to the
Plan. Full vesting occurs in all employer contributions upon completion
of five years of eligible service. Participants with five or more years
of eligible service are immediately vested in all contributions of the
Plan regardless of months of participation.
FORFEITURES
Any portion of a terminated participant's account in which the
participant does not have a vested interest at the time of the withdrawal
of their vested balance is forfeited. All such forfeitures are applied to
reduce future employer contributions. For the years ended December 31,
1999 and 1998, forfeitures amounted to $114,473 and $209,921,
respectively.
BENEFIT PAYMENTS AND WITHDRAWALS
The value of a participant's account may be distributed on termination
of employment or, under certain circumstances, on the participant's
subsequent retirement, disability, death or attainment of age 59-1/2.
Payment will be made in a lump-sum amount as soon as practical after
the valuation date. The payment will be in cash and, for those
participants with greater than 50 shares of Moore Corporation Limited
common stock allocated to their account, the participant may elect to
receive whole shares rather than cash.
Withdrawals during employment are permitted no more than once in any
twelve month period and are available through three options. Option I
permits participants to withdraw part of the vested portion of their
after tax account, rollover account and/or employer matching contribution
account. Option II, available only to participants who have attained age
59-1/2, permits withdrawal of the full amount payable under Option I and
the value of their tax deferred contributions account. Option III is used
in the event of hardship and permits the withdrawal of the full amount
payable under Option I, the remaining vested balance in the participant's
employer matching contributions account, plus the value of their tax
deferred contributions account excluding earnings on such account after
December 31, 1988. With respect to Option III, the plan administrator
determines whether the withdrawal request meets the hardship definition
of the Internal Revenue Code and limits the amount of the withdrawal to
that required to meet the immediate financial need created by the
hardship.
Participants may also take out loans not to exceed the lesser of 50% of
the vested value of the participant's accounts, or $50,000, reduced by
the highest outstanding balance of all other loans from the Plan during
the one year period ending on the day before the date on which the said
loan was made. The loan shall be for a term of no more than five years.
-5-
MOORE NORTH AMERICA, INC. SAVINGS PLAN
NOTES TO THE FINANCIAL STATEMENTS, CONTINUED
FOR THE YEARS ENDED DECEMBER 31, 1999 AND 1998
- -------------------------------------------------------------------------------
INVESTMENT OPTIONS
During 1999, employee contributions, rollover contributions and employer
basic matching contributions made to the Plan were invested as directed
by the Plan participants in any or all of nine investment alternatives.
As of December 31, 1999, investment options were as follows: the Interest
Income Fund, the Large Cap Stock Fund, the Diversified Fund, the Balanced
Fund, the Global Diversified Fund, the Small Cap Stock Fund, the Fixed
Income Fund, and the International Stock Fund. The ninth fund, the Stock
Fund, invests solely in Moore Corporation Limited common stock and also
is the sole investment vehicle for the employer supplemental matching
contribution. The amounts participants can invest in the Stock Fund are
limited to 50% of the participant's total account balance.
ADMINISTRATIVE EXPENSES
Trustee and recordkeeper fees and other administrative expenses of the
Plan are borne by the Plan to the extent allowed by ERISA, with the
remainder being paid by the Company.
2. SIGNIFICANT ACCOUNTING POLICIES
BASIS OF ACCOUNTING
The accounts of the Plan are maintained on the accrual basis of
accounting.
INVESTMENTS
With the exception of guaranteed investment contracts, all investments
are stated at fair market value as determined by the Trustee based upon
quoted market prices. Guaranteed investment contracts are valued at
contract value as defined therein. Contract value approximates fair
value. Participant notes receivable are valued at cost which approximates
fair value.
The Plan presents in the statements of changes in net assets available
for benefits the net depreciation in the fair value of its investments
which consists of the realized gains or losses and the unrealized
depreciation on the investments.
Interest and dividend income is recorded as earned on an accrual basis.
PLAN DISTRIBUTIONS
Benefits are recorded when paid. The Trustee uses a distribution account
to make all benefit payments. Amounts are transferred from the investment
funds to this account as directed by the plan administrator.
USE OF ESTIMATES
The preparation of financial statements in conformity with accounting
principles generally accepted in the United States requires management to
make estimates and assumptions that affect the reported amounts of assets
and liabilities and disclosure of contingent assets and liabilities at
the date of the financial statements and the reported amounts of
additions and deductions during the reporting period, such as those
regarding fair value. Actual results could differ from those estimates.
-6-
MOORE NORTH AMERICA, INC. SAVINGS PLAN
NOTES TO THE FINANCIAL STATEMENTS, CONTINUED
FOR THE YEARS ENDED DECEMBER 31, 1999 AND 1998
- -------------------------------------------------------------------------------
RISKS AND UNCERTAINTIES
The Plan provides for various investment options in any combination of
stocks, bonds, fixed income securities, and other investment securities.
Investment securities are exposed to various risks, such as interest
rate, market and credit risk. Due to the level of risk associated with
certain investment securities and the level of uncertainty related to
changes in the value of investment securities, it is at least reasonably
possible that changes in risks in the near term would materially affect
participants' account balances and the amounts reported in the statement
of net assets available for benefits and the statement of changes in net
assets available for benefits.
ACCOUNTING PRONOUNCEMENTS
In 1999, the Plan adopted Statement of Position 99-3, "Accounting for and
Reporting of Certain Defined Contribution Plan Investments and Other
Disclosure Matters," which simplifies financial statement presentation
and related disclosures for certain investments.
RECLASSIFICATIONS
Certain 1998 amounts have been reclassified to conform to the 1999
presentation.
3. NONPARTICIPANT-DIRECTED INVESTMENT
The Stock Fund includes both participant-directed and
nonparticipant-directed investments. The balances of the
nonparticipant-directed investment at December 31 as follows:
1999 1998
Net assets of nonparticipant-directed investments:
Investments at fair value $1,760,212 $2,650,584
Employer contribution receivable 3,764,980 650,395
---------- ----------
$5,525,192 $3,300,979
---------- ----------
-7-
MOORE NORTH AMERICA, INC. SAVINGS PLAN
NOTES TO THE FINANCIAL STATEMENTS, CONTINUED
FOR THE YEARS ENDED DECEMBER 31, 1999 AND 1998
- -------------------------------------------------------------------------------
Information about the net assets and the significant components of the
changes in net assets relating to the Stock Fund as of and for the
years ended December 31, 1999 and 1998 is as follows:
1999 1998
Net assets:
Investments at fair value $ 3,867,982 4,006,546
Employer contribution receivable 3,764,980 650,395
Dividends receivable -- 17,369
Securities purchased (6,116) (92,315)
----------- -----------
Net assets available for benefits $ 7,626,846 $ 4,581,995
----------- -----------
Changes in net assets:
Contributions:
Employer $ 3,775,560 $ 1,329,038
Participant 272,312 299,013
----------- -----------
4,047,872 1,628,051
Net depreciation in fair value of investments (2,108,214) (1,301,451)
Transfers from other investment funds 1,167,520 949,681
Other activity, net (62,327) (238,738)
----------- -----------
$ 3,044,851 $ 1,037,543
----------- -----------
----------- -----------
4. GUARANTEED INVESTMENT CONTRACTS
The Plan has entered into several benefit-responsive guaranteed
investment contracts with various insurance companies. The insurance
companies maintain the contributions in general accounts, with the
exception of the Aetna Life Insurance Company contract which maintains
contributions in a pooled separate account. The guaranteed investment
contracts are included in the financial statements at contract value as
reported to the Plan by the Trustee. Contract value represents
contributions made under the contract, plus earnings, less participant
withdrawals and administrative expenses. Participants may ordinarily
direct the withdrawal or transfer of all or a portion of their investment
at contract value.
-8-
MOORE NORTH AMERICA, INC. SAVINGS PLAN
NOTES TO THE FINANCIAL STATEMENTS, CONTINUED
FOR THE YEARS ENDED DECEMBER 31, 1999 AND 1998
- -------------------------------------------------------------------------------
Guaranteed investment contracts at December 31, 1999 are as follows:
MATURITY CONTRACT AVERAGE CONTRACT FAIR
IDENTITY OF ISSUE DATE YIELD YIELD VALUE VALUE
Aetna Life Insurance Co. Evergreen 5.25% 5.10% $ 2,191,574 $ 2,142,562
Allstate Life Insurance Co. 11/29/2000 7.08% 7.08% 2,508,614 2,508,614
Bankers Trust (Delaware) Co. 02/28/2003 5.60% 6.11% 6,121,751 6,075,557
Monumental Life Insurance Co. Evergreen 5.73% 5.32% 3,247,604 3,247,604
Continental Assurance Co. 09/02/2003 5.38% 5.28% 2,414,283 2,356,457
Continental Assurance Co. Evergreen 5.74% 5.71% 3,518,351 3,358,451
Metropolitan Life Insurance Co. Evergreen 10.30% 10.30% 2,260,713 2,260,713
Metropolitan Life Insurance Co. Evergreen 7.00% 7.29% 9,285,536 9,285,536
----------- -----------
$31,548,426 $31,235,494
----------- -----------
----------- -----------
Guaranteed investment contracts at December 31, 1998 are as follows:
MATURITY CONTRACT AVERAGE CONTRACT FAIR
IDENTITY OF ISSUE DATE YIELD YIELD VALUE VALUE
Aetna Life Insurance Co. Evergreen 5.57% 5.53% $ 2,085,297 $ 2,105,873
Allstate Life Insurance Co. 11/29/2000 7.08% 7.08% 4,685,495 4,685,495
Bankers Trust (Delaware) Co. 09/30/2000 5.93% 6.35% 7,782,309 7,997,140
Monumental Life Insurance Co. Evergreen 5.02% 5.69% 3,077,311 3,077,311
Continental Assurance Co. 09/01/2003 5.58% 5.89% 3,077,893 3,101,734
Continental Assurance Co. Evergreen 5.65% 5.77% 3,328,446 3,406,665
Metropolitan Life Insurance Co. 01/02/2001 8.55% 8.95% 5,131,413 5,131,413
Metropolitan Life Insurance Co. Evergreen 7.85% 8.37% 8,654,754 8,654,755
----------- -----------
$37,822,918 $38,160,386
----------- -----------
----------- -----------
There are no valuation reserves against the investment contracts for
credit risk of the contract issuer or otherwise. For each investment
contract, the crediting interest rate is based on a formula agreed upon
with the issuer. Except for those investment contracts with fixed-rates,
crediting interest rates are reset monthly, quarterly or semi-annually,
depending on the contract.
-9-
MOORE NORTH AMERICA, INC. SAVINGS PLAN
NOTES TO THE FINANCIAL STATEMENTS, CONTINUED
FOR THE YEARS ENDED DECEMBER 31, 1999 AND 1998
- -------------------------------------------------------------------------------
5. INVESTMENTS
The individual investments which exceed five percent of the Plan's net
assets as of December 31 are as follows:
1999 1998
Investment Contract Fund Bank commingled trust $ 73,841,818 $ 68,121,436
Aggressive Balanced Fund Bank commingled trust 27,954,333 *
Equity I Fund Bank commingled trust 193,376,408 171,468,339
Equity I Special Fund Bank commingled trust * 55,116,320
Domestic Diversified Fund Bank commingled trust 76,831,462 *
Domestic Conservative Fund Bank commingled trust 25,018,585 23,020,976
Fixed Income I Fund Bank commingled trust * 21,507,708
* Investment did not exceed five percent of the Plan's net assets in this year.
6. RELATED PARTY TRANSACTIONS
Included in Plan assets at December 31, 1999 and 1998 are 635,594 and
354,468 shares, respectively of common stock of Moore Corporation
Limited, the parent of the Company. As of December 31, 1999 and 1998, the
stock had an original cost of $8,262,528 and $6,677,903, respectively,
and a market value of $3,867,982 and $3,899,148, respectively.
Certain Plan investments are shares of the Commingled Employee Benefit
Funds managed by the Trustee and therefore, qualify as party-in-interest
transactions. Fees paid by the Plan for the investment management
services amounted to $1,042,015 and $1,868,867 for the years ended
December 31, 1999 and 1998, respectively.
These transactions are allowable party-in-interest transactions under
ERISA and the regulations promulgated thereunder.
7. PLAN TERMINATION
The Plan may be terminated at any time by the Board of Directors of the
Company's parent. Upon plan termination, participants are 100% vested in
the value of their accounts. Presently, there is no intention on the part
of the Company to terminate the Plan.
-10-
MOORE NORTH AMERICA, INC. SAVINGS PLAN
NOTES TO THE FINANCIAL STATEMENTS, CONTINUED
FOR THE YEARS ENDED DECEMBER 31, 1999 AND 1998
- -------------------------------------------------------------------------------
8. TAX STATUS
The Internal Revenue Service has issued a favorable determination letter
dated April 27, 1995 for the Plan as amended through December 12, 1994
and informed the Company that the Plan is in accordance with applicable
Sections of the Internal Revenue Code (the "Code"). The Plan has
subsequently been amended and management has requested an update to this
determination letter. The plan administrator and the Plan's tax counsel
believe that the Plan is currently designed and operated in compliance
with all applicable requirements of the Code.
9. RECONCILIATION OF NET ASSETS AVAILABLE FOR BENEFITS TO FORM 5500
For financial reporting purposes, the Plan does not record an obligation
for accumulated benefits for individuals who have withdrawn from
participation in the Plan. Accumulated benefits payable for individuals
who have withdrawn from participation in the Plan as reported in Form
5500 aggregated $838,437 and $3,346,150 at December 31, 1999 and 1998,
respectively.
-11-
MOORE NORTH AMERICA, INC. SAVINGS PLAN
LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
DECEMBER 31, 1999
- -------------------------------------------------------------------------------
(C)
(B) DESCRIPTION OF INVESTMENT, INCLUDING (E)
(A) IDENTITY OF ISSUE, BORROWER, LESSOR MATURITY DATE, RATE OF INTEREST, COLLATERAL, (D) CURRENT
OR SIMILAR PARTY PAR, OR MATURITY VALUE COST VALUE
Aetna Life Insurance Co. Pooled separate account *** $ 2,191,574
Contract 14625 5.25%; evergreen
Allstate Life Insurance Co. Guaranteed investment contract *** 2,508,614
Contract GA-5973 7.08%; due 11/29/2000
Bankers Trust (Delaware) Co. Guaranteed investment contract *** 6,121,751
Contract 93-553 5.60%; due 02/28/2003
Monumental Life Insurance Co. Guaranteed investment contract *** 3,247,604
Contract ADA0282ST 5.73%; evergreen
Continental Assurance Co. Guaranteed investment contract *** 2,414,283
Contract 630-05613 5.38%; due 09/02/2003
Continental Assurance Co. Guaranteed investment contract *** 3,518,351
Contract 25713-101 5.74%; evergreen
Metropolitan Life Insurance Co. Guaranteed investment contract *** 2,260,713
Contract 14050 10.30%; evergreen
Metropolitan Life Insurance Co. Guaranteed investment contract *** 9,285,536
Contract 24857 7.00%; evergreen
---------------- ----------------
Total guaranteed investment contracts - 31,548,426
---------------- ----------------
* Moore Corporation, Ltd. common stock Company stock, 635,594 shares 8,262,528 ** 3,867,982
---------------- ----------------
* Frank Russell Trust Company All International Markets Fund *** 3,220,745
Bank commingled trust
* Frank Russell Trust Company Aggressive Balanced Fund *** 27,954,333
Bank commingled trust
* Frank Russell Trust Company Domestic Conservative Fund *** 25,018,585
Bank commingled trust
* Frank Russell Trust Company Domestic Diversified Fund *** 76,831,462
Bank commingled trust
* Frank Russell Trust Company Equity I Fund *** 193,376,408
Bank commingled trust
* Frank Russell Trust Company Equity II Fund *** 3,249,197
Bank commingled trust
* Frank Russell Trust Company Fixed Income I Fund *** 2,315,495
Bank commingled trust
* Frank Russell Trust Company Investment Contract Fund *** 73,841,818
Bank commingled trust
* Frank Russell Trust Company Short-term Investment Fund *** 7,206,618
Bank commingled trust
---------------- ----------------
Total investment funds - 413,014,661
---------------- ----------------
Total Plan investments 8,262,528 448,431,069
---------------- ----------------
* Participant notes receivable Interest rate range: 7.75% - 9.50% - 6,634,915
---------------- ----------------
Total assets held for investment purposes $ 8,262,528 $ 455,065,984
---------------- ----------------
---------------- ----------------
* Party-in-interest
** Amount includes cost of participant-directed investments.
*** Not required
-12-
SIGNATURES
THE PLAN. Pursuant to the requirements of the Securities Exchange Act
of 1934, Moore North America, Inc., the administrator of the Moore North
America, Inc. Savings Plan, has duly caused this annual report to be signed on
its behalf by the undersigned hereunto duly authorized.
MOORE NORTH AMERICA, INC. SAVINGS PLAN
By: Moore North America, Inc.
By: s/b KAREN A. MURPHY
-------------------
Name: Karen A. Murphy
Title: Assistant Secretary
Date: June 29, 2000
EXHIBITS
EXHIBIT NO. EXHIBIT DESCRIPTION LOCATION
23 Consent of experts Consent of PricewaterhouseCoopers LLP to the
and counsel incorporation by reference in the Registration
Statement of Moore Corporation Limited on Form
S-8 for the Moore North America, Inc. Savings
Plan of their report dated June 29, 2000
in this Form 11-K.