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Lease terms do not contain restrictions concerning dividends,additional debt or further leasing.25. LONG-TERM BANK LOANPRINCIPAL INTEREST$’000 $’00019991 year to 5 years 5,138 6,065After 5 years 13,204 4,743Total 18,342 10,808Discount (362) –17,980 10,808PRINCIPAL$’0001999Repayable:Within 1 year 887After 1 year 17,09317,980GROUP2000 1999$’000 $’000Loan repayments:Within 1 year 6,950 6,694After 1 year 6,950 13,38813,900 20,082The loan is denominated in US dollars, unsecured andinterest is charged at a flat rate of 6.48% (1999:6.48%) per annum.The loan is repayable over 5 yearson a half-yearly basis and the principal repayment commencedin June 1999.27. DEFERRED INCOMEMovements in deferred income recognised to date duringthe year are as follows:28. DEFERRED TAXATIONGROUP2000 1999$’000 $’000At beginning of the year 3,333 3,234Additions during the year 672 99Acquisition of subsidiary 10,101 –14,106 3,333Less deferred income recognised to date (6,045) (555)At end of the year 8,061 2,778GROUP2000 1999$’000 $’000At beginning of the year 555 320Recognise in profit and loss account 922 235Acquisition of subsidiary 4,568 –At end of the year 6,045 555GROUP2000 1999$’000 $’000At beginning of the year 3,371 4,013Write back to profit and loss account (3,676) (640)Translation difference (92) (2)Acquisition of subsidiary 8,769 –At end of the year 8,372 3,37126. OTHER CREDITORS AND ACCRUALSGROUPCOMPANY2000 1999 2000 1999$’000 $’000 $’000 $’000Non-trade creditors 20,235 22,869 2,947 188Purchase of fixed assets 530 2,349 – –Accrued operating expenses 624,479 358,723 11,684 11,063Accrued interest payable 405 384 – –645,649 384,325 14,631 11,25129. FLOATING RATE BONDS (UNSECURED)GROUP2000 1999$’000 $’000Floating rate bonds (unsecured) 20,000 20,000Unamortised discount (928) (1,225)19,072 18,775Unamortised discount:At beginning of the year 1,225 1,522Amortisation for the year (297) (297)At end of the year 928 1,225162 • visionnotes to the financial statements • 163