Bryans Limited is located in Guyana. It started work on two construction projects during the year ended 31 December 2016. 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 two projects at the end of the reporting period.

A Project B Project

$'000 $'000

Contract price 54,000 48,000

Costs incurred to date 8,400 17,200

Estimated costs to completion 33,600 31,200

Value of work certified to date 16,800 18,000

Progress Billings (amt. invoiced) 15,200 20,400

Cash received on invoiced amount 13,200 16,200

A sinkhole was discovered under the site for the A project and the costs of dealing with this have been taken into account in the calculation of estimated costs to completion. Bryans lawyers are virtually certain that the customer will have to bear the additional costs of $12,000,000 which will be incurred in stabilizing the land. Bryans Limited recognizes revenues and profits on construction contracts on the basis of work certified to date.

Calculate the figures which would appear in Bryans financial statements in respect of these two projects for 2016.