Foreign exchange difference in inter-company balances

hi sir.
actually i do not know exactly that my question is related to FR or not. However i wanted to ask you.
Question: a parent (functional and reporting currency is USD) lends money to its subsidiary (funct.currency is GBP) in amount of EUR 30,000. during the year, each entity (parent and subsidiary) recognizes forex gain/loss. During consolidation, i know that we will eliminate borrowing and receivable balances translated to USD. How about forex gain/loss recognized in seperate entities? will we eliminate them, or?