Investment Properties
Investment properties are the properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in fair value of investment properties are included in profit and loss in the period in which they arise.
Investment properties whose fair value cannot be measured reliably without undue cost or effort on an on-going basis are included in plant, property and equipment at cost less accumulated depreciation and accumulated impairment losses.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net transaction costs and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of relevant borrowing.
Interest expense is included in interest payable and similar charges
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after reporting date.