june 2010 Dune

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    gutsychyk
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    Extact of published accounts from June 2010 paper
    thats the only adjustment i can understand. can you help please

    Quote:
    The 5% loan note was issued on 1 April 2009 at its nominal (face) value of $20 million. The direct costs of the issue were $500,000 and these have been charged to administrative expenses. The loan note will be redeemed on 31 March 2012 at a substantial premium. The effective fi nance cost of the loan note is 10% per annum. in TB interest of 500 for 5 months is shown.

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    gutsychyk
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    so what to be shown in IS and BS?

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