| (h) | Property and equipment |
Property and equipment are initially recognized at cost. Depreciation is provided on property and equipment so as to write off their carrying value over their expected useful economic lives. Depreciation is provided at the following rates:
Plant and machinery – 7.5% per annum straight line
Fixture and fittings – 15.0% per annum straight line
Office and office related equipment – 20% per annum straight line