What is required is under the requirement section. That is the question. Thanks

Startup ple species in the construction or retail shopping centres. This construction work is always based upon detailed customer specifications, and usually involves a fixed-price construction contract extending beyond one year. At 31 December 2014, Starship ple has three fixed price construction contracts in progress. the salient details of which are as follows: Agreed contract start date Contract 1 1 July 2014 Contract 2 June 2014 Contract 3 | November 2014 Agreed contract completion date 31 March 2016 31 December 2015 30 November 2016 Direct costs to date (incurred and paid) Cost of work completed Additional direct costs to completion Fixed contract price Progress payments (invoiced and received) '000 3.760 3.560 10,480 14.020 3,760 L'000 4.180 3,941 7,080 21,000 5.280 '000 3,380 591 8,440 13.380 2,120 Additional Information Each contract is considered to contain one performance obligation that will be satisfied over time and the cost of work completed shown above has been certified by independent experts. that an input method that uses the percentage of completion based on the cost of work completed as a proportion of total estimated costs appropriately predicts performance under each contract, it is believed that the outcome of each contract can only be estimated reliably once it has reached a minimum of 15% completion. A loss-making contract can be deemed onerous in accordance with IAS 37 Provisions, Contingent Liabilities and Contingent Assets, with the loss reflecting the least net cost of exiting from the contract. Requirement Show how each of the three contracts will appear in the statement of profit or loss and other comprehensive income for the year ended 31 December 2014 and in the statement of financial position at that date in accordance with IFRS 15 Revenue from Contracts with Customers