In which of the following circumstances might a provision be recognised?

i.Waste from an entity's production process contaminated the groundwater at the entity's plant. In a lawsuit brought against the entity, members of the local community seek compensation for damages to their health as a result of the contamination. The entity acknowledges its wrong doing and the court is deciding on the extent of the compensation to be awarded to the members of the local community. It is uncertain when ruling will take place but the entity's lawyers expect it will take place in about two years and they estimate that the compensation awarded by the court will be RM25 million.

ii. Waste from an entity's production process contaminated the groundwater at the entity's plant. There is no court case. However, the entity is required by law to restore the contaminated environment. The entity estimates that such restoration will cost between RM15 million. The entity is unsure of the date by which it will be required to complete the restoration.

iii. Waste from an entity's production process contaminated the groundwater at the entity's plant. The entity is not required by the law to restore the contaminated environment and there is no court case. However, before the end of the current reporting period, the entity made a public announcement that it would restore the contaminated environment within the next 12 months.

iv. A manufacturer gives warranties to the purchasers of its goods. Under the terms of the warranty the manufacturer undertakes to make good, by repair or replacement, manufacturing defects that become apparent within 1 year from the date of sale to the purchasers.