Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business
from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional
right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the
reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting
date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the
effective interest method.
2.13. Share Capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other
resources received or receivable, net of the direct costs of issuing the equity instruments.
2.14. Share Options
The cost and corresponding increase in equity in respect of equity-settled share-based payment transactions with employees are measured by reference to the fair value of equity instruments issued at the date of grant. Amounts are expensed on a straight line basis over the vesting period based on the estimate of shares that will eventually vest and adjusted for the effect of non market-based vesting conditions. The corresponding credit is recognised in other reserves as a component of equity for company employees. Where equity instruments are granted to subsidiary employees, the relevant credit is recognised in other reserves and the corresponding debit as an increase in the cost of investment in subsidiaries.