text: Finance costs 
  Finance costs increased to $18.8 million (2012: 
  $9.4 million). Finance costs comprise interest on 
  borrowings the Group has in place, unwinding of 
  discount on provisions as required by Accounting 
  Standards and amortisation of borrowings set-up 
  costs. The main contributor to the increase in 
  finance costs was accelerated amortisation of 
  borrowing costs required due to debt restruc- 
  tures undertaken during the year and planned for 
  the next financial year. Borrowing costs relating 
  to the previous finance facilities were expensed 
  in full prior to new facilities being put in place. 
  
  Income Tax 
  Kingsgate’s Thai subsidiary company, Akara 
  Resources Public Company Limited (“Akara”), 
  has received approval from The Royal Thai Board 
  of Investment (BOI) of the Office of the Prime 
  Minister for promotion of Chatree. Subject to 
  meeting the BOI conditions and based on an 
  annual production limit of 178,416 ounces of 
  gold and 583,733 ounces of silver, Akara’s 
  Chatree Gold Mine is entitled to: 
  
  a) an eight year full corporate tax holiday 
  
  commencing at first gold pour on metal 
  sales. The full tax holiday expired in 
  November 2009; 
  
  b) a further five years half tax holiday following 
  a) above; and 
  
  c) other benefits. 