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amortize |
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amortize [′am·ər‚tīz] (industrial engineering) To reduce gradually an obligation, such as a mortgage, by periodically paying a part of the principal as well as the interest. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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b) Amortisation of research and development - these costs relating
to capitalized salaries were previously amortised through Cost of Sales. This decrease in 2005 reflects the fact that fewer share
options and shares were granted as compensation in that period compared
to the same periods of 2004, and that the cost of share options granted
in 2005 has been amortised according to the vesting periods of such
share options, in contrast with the share options granted in 2004
which, for the most part, vested immediately upon grant. 25 million in relation to the
Project which are part of our cost pool which will be amortised and
depleted in accordance with our usual accounting policies for oil and
gas properties. |
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