In 2010 waste from Alumina Bauxite Company Limited destroyed a section of Junction Land. Members of the community demonstrated and the company restored the land at a cost of $10,525,000. In 2011 the same section of Junctions Land was destroyed. The Junctions Land Citizens Association submitted an estimate for $20,680,000 to restore the land. Alumina Bauxite Company Limited is refusing to pay indicating that Apparat Limited, the other Bauxite company in the community should pay 50% of the restoration costs. In 2010 Apparat Limited refused to pay any of the restoration costs. Alumina Bauxite Company Limited year end is December 31 2011.

Indicate the accounting treatment and the disclosure in the financial statements of Alumina Bauxite Company Limited. Support your answer with the relevant IFRS.