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Why is discount being deducted from consolidated statements to arrive at single entity profit of Venus co?
Isn’t this already being deducted from consolidated statements as it is an intra group transaction and this has also been written in directors comments.
Thanks
Sorry, not got my login details to hand to access the question at this moment. I presume that the discount is the unwinding of a discount and so will be recognised as an expense and therefore a reduction in profits. It wouldn’t be an intra-group transaction as it is not between the parent and subsidiary.
Thanks.
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