Common use of Deferred Expenses Clause in Contracts

Deferred Expenses. Deferred expenses comprise incidental costs incurred in relation to the issue of the fixed rate notes, bonds and convertible notes of the Group and are amortised on a straight-line basis over the periods from the date of issue to the date of maturity. In the event that the notes are redeemed prior to the maturity date, the unamortised expenses are charged immediately to the profit and loss account.

Deferred Expenses. Deferred expenses comprise incidental costs incurred in relation to the issue of the Company's fixed rate notes, bonds and convertible notes of the Group and are amortised on a straight-line basis over the periods period from the date of issue to the date of maturity. In the event that the notes are redeemed prior to the maturity date, the unamortised expenses are charged immediately to the profit and loss account.