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  "notes": "Page 164 of the HBX Group Annual Report and Accounts 2025.",
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      "kind": "paragraph",
      "text": "J. Investment in associates\nAn associate is an entity over which the Group has significant influence. Under the equity method of accounting, investments in associates are initially recognised at cost and adjusted thereafter to recognise the Group's share of the post-acquisition profits or losses.",
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      "text": "Deferred tax\nDeferred tax is provided in full, using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts.",
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      "text": "H. Non-underlying items\nTo improve the understanding of the Group's financial performance, costs that are material to the Group either by virtue of their size or nature and not considered to reflect the underlying performance are presented as non-underlying items and are recognised in the consolidated statement of profit or loss within operating expenses.",
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      "text": "I. Finance expense and income\nFinance expense and income arising on interest-bearing financial instruments carried at amortised cost is recognised in the consolidated statement of profit or loss using the effective interest rate method.",
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      "text": "K. Taxes\nCorporate income tax\nThe corporate income tax expense or credit is based on the applicable income tax rate for each jurisdiction in which the Group has a taxable presence adjusted by changes in deferred tax assets and liabilities.",
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      "text": "Other costs relate to variable expenses the Group incurs in order to generate revenue. These include credit card fees, marketing costs, platform fees, commissions and foreign exchange translation costs.",
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      "text": "2. Summary of material accounting policy information continued",
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