from a locally grown plant. By 2020, the initiatives were shown to be not commercially viable even though support was received from the Biotech Oil Engineering Association and Environmental society. An impairment review on the Bio-oil Division was carried out on 31 December 2018, and 2 In 2018, Minyak Corp, set up a division within the company to explore the potential use of bio-oil documented as follows: RM'000 RM00 Book value of nett assets of Bio-oil Division in financial statement, where nett assets consist of: Goodwill Plant and machinery 1.800 RM450,000 RM600,000 Building RM750,000 750 Fair value less costs of disposal of Bio-oil Division's nett assets Value in use: 2.145 Nett cash flows from operations before tax Additional nett cash flows from bio-oil energy improvement 1.000 800 Finance costs 16% Current interest rate Required: