Construction Contracts (IAS 11)

Dear Sir / Madam,

This is regarding Chapter 13, example 5 (Question on page 75 and Answer on page 171).

I appreciate the fact that with regard to Statement of Comprehensive Income, the revenue and costs figures are cumulative, I am unable to establish how you arrived at the figures in years 2 & 3: Costs recognised of (£510,000) and (£200,000) respectively; and, in the workings (Satement of Comprehensive Income), figures – also years 2 and 3: Costs recognised – general (£750,000) and (£300,000) respectively.

It will be appreciated, if you could please clarify.

Warm regards

Gabriel