5 Helander obtained a government licence to operate a mine from 1 January 2021. The licence requires that, at the end of the mine's useful life, all buildings must be removed from the site and the site landscaped. Helander estimates that the cost of this decommissioning work will be 500,000 in ten years' time (present value at 1 January 2021 = 254,000) using a discount factor of 7%. According to IAS 37 Provisions, Contingent Liabilities and Contingent Assets how much should Helander include in provisions in its statement of financial position as at 31 December 2021? ABCD 500,000 254,000 535,000 271,780