text: **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS**
  
  **NOTE 1 - STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES continued**
  
  ii) Loans and receivables 
  Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted 
  in an active market and are subsequently measured at amortised cost using the effective interest rate method. 
  
  iii) Held-to-maturity investments 
  Held-to-maturity investments are non-derivative financial assets that have fixed maturities and fixed or 
  determinable payments, and it is the Group’s intention to hold these investments to maturity. They are subsequently 
  measured at amortised cost using the effective interest rate method. 
  
  iv) Available-for-sale financial assets 
  Available-for-sale financial assets are non-derivative financial assets that are either designated as such or that are 
  not classified in any of the other categories. They comprise investments in the equity of other entities where there 
  is neither a fixed maturity nor fixed determinable payments. 
  
  v) Financial liabilities 
  Non-derivative financial liabilities (excluding financial guarantees) are subsequently measured at amortised cost 
  using the effective interest rate method. 
  
  **Derecognition**
  Financial assets are derecognised when the contractual right to receipt of cash flows expires or the asset is 
  transferred to another party whereby the entity no longer has any significant continuing involvement in the risks 
  and benefits associated with the asset. Financial liabilities are derecognised when the related obligations are either 
  discharged, cancelled or expire. The difference between the carrying value of the financial liability extinguished or 
  transferred to another party and the fair value of consideration paid, including the transfer of non-cash assets or 
  liabilities assumed, is recognised in profit or loss. 