On 1 March 2019 Alpha started the construction of an energy generating facility. The following costs were incurred on the construction

	000
Freehold land	3,000
Site preparation	650
Materials	8,300
Direct labour costs	6,000
Legal fees	1,500
General overheads	940expense

To aid construction of the energy generating facility, Alpha issued a 12 million unsecured loan on 1 March 2019. The loan carried an interest rate of 10% per annum and is repayable on 1 March 2025. On 30 September 2019, Alpha finalised the construction of the energy generating facility. The facility was brought into use on 1 November 2019.

The facility has an expected useful economic life of 20 years and that it will have no residual value at that date. Alpha uses the straight-line method for calculating the depreciation.

Alpha has a legal requirement to decommission the facility at the end of its estimated useful life. The directors of Alpha estimated the costs of this decommissioning to be 34 million based on prices prevailing at 30 September 2039. At an appropriate discount rate the present value of the cost of decommissioning the facility is 10 million.

Required:

Show with appropriate calculations how the above events would be reported in the financial statements of Alpha for the year ended 31 December 2019. Ignore the unwinding of the provision by the end of the year.