IREIT Global Group Pte. Ltd - Annual Report 2015 - page 76

Notes to the
Financial Statements
For the year ended 31 December 2015
2. SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
(e) Financial instruments (continued)
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Financial liabilities (including trade and other payables, distributable payable and borrowings) are initially
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the settlement or redemption of borrowings is recognised over the term of the borrowings in accordance with
the Group’s accounting policy for borrowing costs (see below).
Borrowing is presented as a current liability unless the Group has an unconditional right to defer settlement
for at least 12 months after the end of the reporting period, in which case, they are presented as non-current
liabilities.
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cancelled or they expire.
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instrument is more than 12 months and it is not expected to be realised or settled within 12 months. Other
derivatives are presented as current assets or current liabilities.
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