Dune – single entity statement

fragment of the question:

The following trial balance relates to Dune at 31 March 20X4
….
5% loan note (note (1)) 20,000

The following notes are relevant:
(1) The 5% loan note was issued on 1 April 20X3 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 20X6 at a
substantial premium. The effective finance cost of the loan note is 10% per annum

Answer
Dune – Statement of profit or loss for the year ended 31 March 20X4

Administrative expenses (34,200 – 500 loan note issue costs) (33,700)

Hello ACCA lovers!

Why did they deduct issue costs from admin expenses?
shouldn’t it be added ?