A construction company has received a construction tender that expires in four years. The tender price is 700 thousand pounds and the cost of the company operating will be 540 thousand pounds. By the end of the first year, 180 thousand pounds of cost work was done, while the tender-giving authority was reported to have a right fulsome of 162 thousand pounds. By the end of the first year, the company estimates it will be spent to complete another 400,000 business. In the second year 200 thousand pounds was spent de facto, 230 thousand pounds was reported to be entitlement. At the end of the second year, it is estimated that 190,000 will be spent on the remainder.

According to IFRS and tax legislation, how many pounds will be the profit figures to be announced in the second year? Explain why you're aware.