Is the Time Calendar you have above based on "real time" or fake time? If real time, simply create a line item (for instance your Fiscal YR), formatted as Time Period - Year. Enter the formula, item(time).
Real Time is native Anaplan Time; fake time is a custom list that may look akin to Anaplan Time when used in a module, (such as a custom list of weeks, with parent list items representing months), but is not Anaplan Time.. .and doesn't respond to built-on time related functions and behaviors.
In Rob's example, formatting the line item to Year (...Anaplan Time in Years) causes the formula "Item(Time)" to return the current year's value... in order for this to work, the Time Scale must be included (in some way) in the module/line item (apart from the Format of the line item itself)