[sosbourne]

Great thank you anyway!

The same treatment is in the Kaplan book too… i think exchange gains and losses are treated separately and are not eliminated on consolidation. However,i do think th loan element is just not thegain/loss relating to it… although i cannot be sure.

[sosbourne]

Hello,

Yeah it arises in the question memo but i am trying to understand why it is recognised and not eliminated? shouldn’t it be eliminated as it’s intercompany?

thank you for your help

[Author]

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