text: **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS**
  
  **NOTE 1 - STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES continued**
  
  An impairment loss is recognized in the income statement whenever the carrying amount of an asset or its cash- 
  generating unit exceeds its recoverable amount. 
  
  The recoverable amount of an asset is the greater of its fair value less costs to sell and its value-in-use. In assessing 
  value-in-use, an asset’s estimated future cash flows are discounted to their present value using a pre-tax discount 
  rate that reflects current market assessments of the time value of money and the risks specific to the assets/CGUs. 
  In addition, the Group considers market data related to recent transactions for similar assets. 
  
  Subsequent costs are included in the asset’s carrying amount or recognised as a separate asset, as appropriate, only 
  when it is probable that future economic benefits associated with the item will flow to the group and the cost of the 
  item can be measured reliably. All other repairs and maintenance are charged to the consolidated statement of 
  profit or loss and comprehensive income during the financial period in which are they are incurred. 
  
  **Depreciation and Amortisation Expense**
  Property and equipment are depreciated on a straight-line basis over their useful lives from the time the asset is 
  held and ready for use. Leasehold improvements are depreciated over the shorter of either the unexpired period 
  of the lease or the estimated useful life of the improvement. 