Hippo & Cat Limited (H&C) is a retailer of fashion in the region. It grows quickly in the year. Hippo, the CEO, is concerned about H&C's tax position and asks Cat, the CFO, to estimate the tax liability for review. Below are the extracts of the final (draft) statement of financial position of H&C as at 31 December 2019 (2020).

2019 2020 $'000 $'000 Non-current assets Property, plant and equipment at cost 400 400 accumulated depreciation -80 -120 Deferred tax assets 8 Current assets Prepaid rent 20 Non-current liabilities Deferred tax liabilities +9 Provision for employee benefits 40 55 2 Current liabilities Accrued revenue 10