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## Unrecognised deferred tax assets 

Deferred tax assets have not been recognised in respect of the following items: 

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The deductible temporary differences and tax losses do not expire under current tax legislation. Deferred tax assets have not been recognised in respect of these items because it is not probable that future taxable profit will be available against which the Group can utilise the benefits there from. 

## 20 Payables 

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Payables are non-interest bearing and are expected to be paid within 12 months from the financial year end. The Group’s exposure to currency risk is disclosed in Note 4 Risk management. 

