Thanks Svend -
I understand how a conventional audio lead is constructed (and have also made many), what I am a bit confused about is the use of the term 'coax' in that context.
I have always understood coax to be a particular kind of arrangement with specific requirements in relation to construction of the insulation layer surrounding the inner core, with 'ordinary' audio cable as such not falling into that category.
I am no EE though ... and perhaps that's what's needed to clarify the distinction.