Other Comprehensive lncome

Both!

I was confused about that too thanks for clearing it up Sir

Oh OK Sir Mike but I was doing this question where cost of non current asset was 900,000 on 1st Jan 2000 but in 2005 June was let out as investment property and at that date fair value was 950,000 , and at end of year at 31st December fair value was 1.2 million, now I calculated still June 2005 the surplus correctly but shouldn't the difference between 950,000 and 1.2 million also be part of revaluation surplus as it wasn't taken into account, The question required to find surplus at 31 December 2005

If fair value model used (as distinct from cost model) any changes in value will go through statement of profit or loss and not through comprehensive income If cost model used then, on reclassification as investment property, any increase over previous carrying value will be treated as a revaluation and go through comprehensive income It all depends on which model is selected for use - fair value or cost

Statement of profit and loss and not comprehensive income?? Isn't that the same thing and does thus rule apply for IAS 36

No, they're not the same. Statement of profit or loss is presenting, essentially, the net profit (or loss) from ordinary activities. The statement of comprehensive income is for out-of-the-ordinary gains and losses like revaluations of PPE OK.

Thanks Sir Mike

You're welcome