(a) |
Employee loans are repayable in equal monthly instalments over five
years. The amount shown as a non-current receivable represents staff
loan instalments falling due for payment after 1 January 2005. |
(b) |
As explained in Accounting Policy K, insurance premium paid by the
Company to secure foreign loans under the 150K Project Scheme has
been deferred on the grounds that the benefit of this expenditure
is not exhausted in the period in which it is incurred and will be
written off to the Income Statement over the repayment period of the
loans. |