Il GH Vodafone 7:08 AM 66% ASSIGNMENT ON IAS 36.docx Property, plant and equipment as disclosed in the draft financial statements of Apricot Pakistan Limited (APL) for the year ended 30 June 2018 include a plant having a carrying value of GH610 million. The performance of the plant has been deteriorating since last year which is affecting APL's sales. Following information/estimates relate to the plant for the year ending 30 June 2019: GHe in million Inflows from sale of product under existing condition of the plant 250 Operational cost other than depreciation 25 Depreciation 170 Expenses to be paid in respect of 30 June 2018 accruals Cost of increasing the plant's capacity 60 Additional inflows (net) expected from the upgrade 40 Interest on finance lease Maintenance cost 15 Tax payment on profits 18 Cash flows from the plant are expected to decrease by 15% cach year from 2020 and onward. The plant's residual value after its remaining useful life of 3 years is estimated at GH100 million. An offer has been received to buy the plant immediately for GH570 million but APL has to incur the following costs. GH in million Cost of delivery to the customer Legal cost 10 Costs to re-organize the production process after disposal of plant 50 Applicable discount rate is 9%. Required: Calculate the amount of impairment loss (if any) on plant, for the year ended 30 June 2018. 30 45