IAS 21- Recognition of exchange difference

Scenario:

Jay has purchased a PPE on 1 June 20×5 for 28million euro, with an estimated useful life of 5 years. At 31 May 20×6, 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 20×5 euro to pounds = 1.4
31 May 20×6 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 20×6?

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 20×6) 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)