Wellington International Airport Limited is a for-profit company domiciled in New Zealand that manages the Wellington Airport and files its financial statements in compliance with IFRS. For the period ending September 30, 2012, Wellington reported the following data:

WELLINGTON INTERNATIONAL AIRPORT LIMITED STATEMENT OF COMPREHENSIVE INCOME FOR THE PERIOD ENDED 30 SEPTEMBER 2012 ($ in 000)

6 months 30 Sep 2012 Unaudited Consolidated 6 months 30 Sep 2011 Unaudited 12 months 31 Mar 2012 Unaudited Net (loss)/surplus for the period $ (5,571 ) $ (6,650 ) $ 8,981 Other comprehensive income Revaluation of land 74,270 Revaluation of property, plant, and equipment 9,338 Amortisation of fair

Wellington International Airport Limited is a for-profit company domiciled in New Zealand that manages the Wellington Airport and files its financial statements in compliance with IFRS. For the period ending September 30, 2012, Wellington reported the following data: Source: Wellington International Airport Limited, Consolidated Annual Report for the year ended 31 March 2012. Required: 2. Over the 12 months ending March 31, 2012, did the values of land and property, plant, and equipment go up or down? 3. If Wellington International Airport Limited were located in the United States or if the company chose to file its financial reports under U.S. GAAP, how much revaluation would the company report for both land and property, plant, and equipment? Complete this question by entering your answers in the tabs below