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Unformatted text preview: ceivables, which generally have 30 to 60 day terms, are recognised and carried at amortised cost using the
effective interest method less any allowance for any uncollectable amounts.
An allowance for doubtful debts is made when there is objective evidence that the Group may not be able to collect
the debts. Collectibility of trade receivables is reviewed on an ongoing basis, and bad debts are written off when
ii) Loans and other receivables
Loans and other receivables are non-derivative financial assets with fixed or determinable payments that are not
quoted in an active market. Such assets are recorded at amortised cost using the effective interest method less
impairment. These are included in current assets, except for those with maturities greater than twelve (12) months
after reporting date, which are classified as non-current.
k) Financial instruments issued by the company
Transaction costs on the issue of equity instruments
Transaction costs arising on the issue of equity instruments are recognised directly in equity, net of any tax effect, as
a reduction of the proceeds of the equity instruments to which the costs relate. Transaction...
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- Spring '14