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sir i don’t understand why Chris says that $5m is realised loss? When the goods sold to Maul haven’t been sold outside the group.
I mean if we consider a loss as realised just because it took at an arm’s length transaction between parent and subsidiary(regardless of whether the goods get sold outside the group), then we should similarly also consider the profit as REALISED, the moment the transfer takes place between parent and subsidiary. then in that case there shouldn’t be a PUP.
Can you shed some light on this?????
Realised in COMPANY terms.
Not realised in GROUP terms, because we are pretending that the group is a single entity.