Question

Asset Revaluation Reserve - Held to maturity investment (revaluation increment on 30/06/2017 after tax deduction)		21,000
Asset Revaluation Reserve - Land (revaluation increment on 30 June 2017 - after tax deduction		168,000

How to calculate the comprehensive income given tax is at 30%

how do i find the original gain revaluation in land and equity equipment before the 30% tax is applied?

Other comprehensive income:
Items that will not be reclassified to profit or loss
Gain arising during the year on revaluation of land
Gain arising during the year on investments in equity instruments
Income tax relating to items not reclassified
Other comprehensive income during the year, net of tax		189,000

Answer 1

After tax deduction of 30%, net increase in Value of Investment is 21000 which is equivalent to 70% , so total increase in Value of Investment = 21000/70% = 30000 & Tax = 30% of 30000 = 9000

Similarily, after tax deduction of 30%, net increase in Value of Land is 16800, which is equivalent to 70%, so total increase in value of land = 168000/70%= 240000 & tax = 30% of 240000 = 72000

Other comprehensive income:
Items that will not be reclassified to profit or loss
Gain arising during the year on revaluation of land	240000
Gain arising during the year on investments in equity instruments	30000	270000
Income tax relating to items not reclassified(30%)		81000
Other comprehensive income during the year, net of tax		189000