Finance costs are charged to the Statement of Comprehensive Income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
1.7. Borrowing costs
All borrowing costs are recognised in the Statement of Comprehensive Income in the period in which they are incurred
1.8. Trade and other debtors
Trade and other debtors are measured at their transaction value, less any impairment.
1.9. Trade and other creditors
Short term creditors are measured at their transaction cost. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.