SAP Message AU118 - Base insurable value cannot be recalculated in company code &

Diagnosis
No base insurable value can be recalculated for company code &V1&,because:
The company code does not use the revaluation method
Fiscal year &V2& is not the last fiscal year closed for the basedepreciation areas.

Procedure
Check your entries. Base insurable values can only be recalculated forthe last fiscal year closed, without reopening the fiscal year.