7

Subsequent to a revaluation exercise which took place on March 31-2022, the land had a fair value of $244 million, while the building had a fair value of $837 million. The building is depreciated evenly over forty years to a nil residual value, with the charges allocated in a 3:1 ratio between administrative expenses and cost of sales. There have been no adjustments made for the revaluations in the current period, and their effects have not been included in the accumulated temporary differences noted below. The capital allowances granted on the building to date are equivalent to the accumulated depreciation charged against it.