1.12 Provisions.

Provisions are recognised when the company has a present legal or constructive obligation as a result of
past events, it is probable that an outflow of resources will be required to settle the obligation and the
amount can be reliably estimated. These are reviewed at each balance sheet date and adjusted to reflect
the current best estimates.

1.13 Revenue Recognition

Revenue is measured at the fair value of the consideration received or receivable.

1.14 Finance Income

Finance income comprises interest receivable on funds invested, dividend income, foreign exchange gains
and losses. Interest income is recognized in the income statement as it accrues, taking into account the
effective yield on the asset. Dividend income is recognized in the income statement on the date the entity’s
right to receive payments is established.

1.15 Income Taxes

The income tax expense is the tax payable on the current period’s taxable income based on the applicable
income tax rate adjusted by changes in deferred tax assets and liabilities attributable to temporary
differences and to unused tax losses.

1.16 Borrowing Costs

General and specific borrowing costs that are directly attributable to the acquisition, construction or
production of a qualifying asset are capitalised during the period of time that is required to complete and
prepare the asset for its intended use or sale. Qualifying assets are assets that necessarily take a
substantial period of time to get ready for their intended use or sale. Investment income earned on the
temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted
from the borrowing costs eligible for capitalisation.

1.17 Contingent Liability

Contingent Liabilities, if material, are disclosed by way of notes.