IAS 21- Recognition of exchange difference

Scenario: Jay has purchased a PPE on 1 June 20x5 for 28million euro, with an estimated useful life of 5 years. At 31 May 20x6, the PPE had a fair value of 24million euro. The company uses revaluation model as per IAS 16 in the accounting for PPE. Exchange rate on: 1 June 20x5 euro to pounds = 1.4 31 May 20x6 euro to pounds = 1.3 Dear Sir, may i know how should I treat this particular transaction in the financial statement of Jay as of 31 May 20x6? Also please do advise me on the following workings: On initial recognition $m $m Dr.PPE 20.00 Cr. Bank 20.00 At the year ended $m Rate Euro'm Balance b/d 20.00 1.4 28.00 Depreciation (4.00) 1.4 (5.60) Historical carrying amount 16.00 22.40 Revalued Amount (31 May 20x6) 18.46 1.3 24.00 Increase in value (18.46-16) 2.46 Breakdown of the increase in value: Due to rise in fair value (24-22.4)/1.4 1.14 Due to foreign exchange movement (24/1.3)-(24/1.4) 1.32 Total amount to be credited into OCI 2.46 (included within revaluation reserves, no need separate out)