Collingwood Kiwifruit Ltd in its statement of financial position at 31 December 2023 reports the existence of two new reserves:

• an asset replacement reserve, which has been created to replace critical manufacturing assets in the next few years

• an assets revaluation surplus, created when the company revalued its land and buildings.

Required

Write an information release to shareholders informing them how movements in these accounts will be accounted for and the potential effects on profit or loss and other comprehensive income.