On $1$ October $2014,$ Knight Company commenced drilling for oil from an undersea oilfield.$$Knight Company is required to dismantle the drilling equipment at the end of its five$-$year licence. This$$has an estimated cost of $$30$m on $30$ September $2019.$ Knight Company$$s cost of capital is $8\%$ per$$annum and $$1$ in five years$$ time has a present value of $68$ cents. What is the provision which Knight$$Company would report in its statement of financial position as at $30$ September $2015$ in respect of its$$oil operations?