FVOCI equity instruments

Dear Professor,

When we measure equity instruments at FVOCI, and there were transaction costs which we capitalised at initial recognition.

Now at the year end(first time remeasuring) when we are remeasuring the equity instrument, what is our Reference value(in other words which value do we compare our year end value with…. ???)

initial FV+ initial transactions costs

OR

just initial FV???

Many thanks!