Les Vergers Haldane hold a transferable irrigation right, with an indefinite useful life and not amortised, revalued by reference to an active market. At the previous revaluation, a decrease of 45,000 was recognised in profit or loss for this right, bringing its carrying amount down to 155,000. No other revaluation has taken place since. At the year-end, its fair value amounts to 180,000. Ignore deferred tax effects. Calculate the portion of the increase recognised in profit or loss and the portion recognised in other comprehensive income.
- Previous decrease recognised in profit or loss
- 45,000
- Carrying amount before revaluation
- 155,000
- Fair value at the year-end
- 180,000