Sucrerie Vallarde holds a transferable sugar beet production quota, with an indefinite useful life and not amortised, measured under the revaluation model. Before the year-end revaluation, its carrying amount is 260,000 and the revaluation surplus relating to this quota has a credit balance of 35,000. Fair value measured by reference to the active market is 210,000. Ignore deferred tax effects. Calculate the portion of the decrease recognised in other comprehensive income and the portion recognised in profit or loss.
- Credit balance of the quota's revaluation surplus
- 35,000
- Carrying amount before revaluation
- 260,000
- Fair value at the year-end
- 210,000