Financial liabilities including trade and accrued payables, other payables and accrued liabilities, and interest-bearing loans and borrowings are initially stated at fair value less directly attributable transaction costs and are subsequently measured at amortized cost, using the effective interest method. The related interest expense is recognized within "Finance costs" in profit or loss.
Gains and losses are recognized in profit or loss when the liabilities are derecognized as well as through the amortization process.