2
BASIS OF PREPARATION AND SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
(q) Borrowings and borrowing costs
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HTXY &S^ INǨJWJSHJ GJY\JJS YMJ UWTHJJIX SJY TK YWFSXFHYNTS HTXYX FSI YMJ XJYYQJRJSY TW WJIJRUYNTS TK GTWWT\NSLX
NX WJHTLSNXJI T[JW YMJ UJWNTI TK YMJ GTWWT\NSLX ZXNSL YMJ JǨJHYN[J NSYJWJXY RJYMTI
'TWWT\NSL HTXYX INWJHYQ^ FYYWNGZYFGQJ YT YMJ FHVZNXNYNTS HTSXYWZHYNTS TW UWTIZHYNTS TK VZFQNK^NSL FXXJYX \MNHM FWJ FXXJYX
YMFY SJHJXXFWNQ^ YFPJ F XZGXYFSYNFQ UJWNTI TK YNRJ YT LJY WJFI^ KTW YMJNW NSYJSIJI ZXJ TW XFQJ FWJ FIIJI YT YMJ HTXY TK
YMTXJ FXXJYX ZSYNQ XZHM YNRJ FX YMJ FXXJYX FWJ XZGXYFSYNFQQ^ WJFI^ KTW YMJNW NSYJSIJI ZXJ TW XFQJ &QQ TYMJW GTWWT\NSL
costs are recognised in the income statement in the period in which they are incurred.
(r) Trade and other payables
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JǨJHYN[J NSYJWJXY RJYMTI
(s) Provisions
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TGQNLFYNTS FX F WJXZQY TK UFXY J[JSYX FSI F WJQNFGQJ JXYNRFYJ HFS GJ RFIJ TK YMJ FRTZSY TK YMJ TGQNLFYNTS
(t) Asset impairment
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and amortisation are reviewed for impairment to determine whether there is any indication that the carrying values of
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FRTZSY TK YMJ FXXJY NX JXYNRFYJI NS TWIJW YT IJYJWRNSJ YMJ J]YJSY TK YMJ NRUFNWRJSY QTXX NK FS^ 9MJ WJHT[JWFGQJ
FRTZSY NX YMJ MNLMJW TK FS FXXJYdžX KFNW [FQZJ QJXX HTXYX YT XJQQ FSI [FQZJ NS ZXJ 8ZHM NRUFNWRJSY QTXX NX WJHTLSNXJI NS
UWTǩY TW QTXX J]HJUY \MJWJ YMJ FXXJY NX HFWWNJI FY [FQZFYNTS FSI YMJ NRUFNWRJSY QTXX ITJX STY J]HJJI YMJ WJ[FQZFYNTS
surplus for that asset, in which case it is treated as a revaluation decrease.
(u) Pension plans
5JSXNTS UQFSX FWJ HQFXXNǩJI NSYT IJǩSJI GJSJǩY FSI IJǩSJI HTSYWNGZYNTS UQFSX
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cost of providing pensions is charged to income statement so as to spread the regular cost over the future service
lives of employees in accordance with the advice of the actuaries who carry out a valuation of the plans. The pension
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in which they occur, in other comprehensive income.
9MJ HTSYWNGZYNTSX YT YMJ IJǩSJI HTSYWNGZYNTS UQFSX FWJ HMFWLJI YT YMJ NSHTRJ XYFYJRJSY NS YMJ ^JFW NSHZWWJI
5JSXNTS HTXYX FWJ HMFWLJI FLFNSXY YMJ NSHTRJ XYFYJRJSY \NYMNS XYFǨ HTXYX 9MJ UJSXNTS UQFSX FWJ LJSJWFQQ^ KZSIJI G^
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UF^RJSYX KWTR JRUQT^JJX KTW HTSYWNGZYTW^ UQFSX
(v) Foreign exchange
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Transactions in foreign currencies are converted at the rates of exchange ruling at the transaction dates. Monetary
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NOTES TO
THE ACCOUNTS
76
C A P I T A L I S I N G O N M O M E N T U M
