SBRIntercompany Transfer of Fixed Assets between parent and associate

Hi IAS 28, para 28 states the following: "Gains and losses resulting from ‘upstream’ and ‘downstream’ transactions involving assets that do not constitute a business, as defined in IFRS 3, between an entity (including its consolidated subsidiaries) and its associate or joint venture are recognised in the entity’s financial statements only to the extent of unrelated investors’ interests in the associate or joint venture. ‘Upstream’ transactions are, for example, sales of assets from an associate or a joint venture to the investor. The entity’s share in the associate’s or the joint venture’s gains or losses resulting from these transactions is eliminated. ‘Downstream’ transactions are, for example, sales or contributions of assets from the investor to its associate or its joint venture." So. In case of of transfer of fixed assets, say associate sells to parent at a gain, the parent will eliminate it's share of gain made by associate from sale to the parent. Say the associate makes profit of $100,000 in reporting period and parent's share in associate is 20%. Parent would ideally recognize in the income statement $20,000. Now, say, the associate had sold to parent fixed assets at profit of $10,000 (already included in $100,000). In this case parent will eliminate it's share of the gain made by associate ($10,000 X 20%). The share of associate's profits would be finally recognized at $20,000 less $2,000 = $18,000 in parent's P&L.