about IFRS

please i need the answer ASAP

Karim BSC is a construction company. It started work on to construction projects during the year ended 31 December 2020. The nature of both contracts is that the customer controls the asset as the project goes forward. Work is certified by a surveyor as performance obligations are completed. The following figures relate to those projects at the end of the reporting period.

	Manama Flyover	Galali Mall
	BD000	BD000
Contract Price	9,000	8,000
Costs incurred to date	1,400	2,900
Estimated costs to completion	5,600	5,200
Value of work certified to date	2,800	3,000
Progress billing	2,600	3,400

An old disused oil well has been discovered under the site for the Galali Mall and the costs of dealing with this have been taken into account in the calculation of estimated costs to completion. Karim BSCs lawyers are reasonably confident that the customer will have to bear the additional costs which will be incurred in stabilising the land. If negotiations are successful, then the contract price will increase to BD10 million.

Karim BSC recognises revenues and profits on construction contracts on the basis of work certified to date.

Required

Calculate the figures which would appear in Karim BSCs financial statements in respect of these two projects.