Convertible Notes
Convertible Notes
35. Convertible notes were issued in October 2006. They are specified as follows:
| Proceeds from issue of convertible notes - nominal amount |
2,000 |
| Transaction cost |
( 39 ) |
| Net proceeds |
1,961 |
| Amount classified as equity |
( 110 ) |
| Expenced transaction cost |
9 |
| Carrying amount of liability at 31 December 2006 |
1,860 |
The nominal amount will be paid in a single amount in 2011. They are convertible at the
option of the holder into ordinary shares over the 5 year period at the rate 29.7, 20% each
year. The effective interest rate was 19.5% at year-end.
