CERTYNEX IFRS ACADEMY

Valmer revalues a foreign plot of land expressed in dollars. Case convention: the revaluation gain of 40,000 euros is recognised in other comprehensive income. Its exchange component is 12,000 euros. Where is this exchange component recognised?

In profit or loss, because every exchange difference affects the profit or loss of the period.

Half in profit or loss and half in other comprehensive income.

In other comprehensive income, like the rest of the revaluation gain.

Directly in equity, outside the statement of comprehensive income.