Debtors and creditors with no stated interest rate and receivable or payable within one year or on demand
are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss
in other operating expenses.
Basic financial instruments are recognised at amortised cost using the effective interest method, except
for investments in nonconvertible preference and non puttable ordinary shares which are measured at
fair value, with changes recognised in the profit and loss. Derivative financial instruments are intially
recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Directors loans are recognised at transaction price.