EQUITY AND LIABILITIES Ordinary share capital (RM0.25 each) 3,900,000 2.310.000 Revaluation surplus 360,000 150.000 Retained earnings 5,700,000 5,790.000 Non-current liabilities 9% Debentures 720,000 Provision for restoration of environment 972,000 Deferred tax 108,000 150,000 Current liabilities Trade and other payables 2,100,000 3,330.000 Tax payable 360,000 300,000 Bank overdraft 150,000 240.000 14.370.000 12.270.000 Additional information: The following supporting information is available: 1. Included in the property, plant and equipment is an oil refinery that Harimau Bhd purchased on 1 April 2019. The new refinery was expected to have a useful life of 10 years. Harimau Bhd has a well-published policy that it will reinstate any environmental damage caused by its activities. The future cost to reinstate the environment at the end of 10 years was discounted at 8% to present value of RM900,000. This cost is included in the carrying value of the property, plant and equipment, and together with the unwinding of the interest, has been treated as provision. The finance cost in the statement of profit or loss includes the unwinding of the discount 2. During the year, the directors commissioned an independent valuation of land and the value of land was increased by RM210,000. 3. There was no disposal of property, plant and equipment during the year. 4. The depreciation charged for the year was RM1,530,000. 5. The software was purchased during the year for RM1,080,000. 6. The fair value of the investments had increased during the year by RM90,000. There was no disposal of investment made during the year. 7. A rights issue was made on 1 December 2019. 8. Dividend was paid during the year