IFRS 10 requires that intragroup transactions be:

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IFRS 10 requires that intragroup transactions be eliminated in full on consolidation. This means that any transactions between the parent and subsidiary are removed from the consolidated financial statements, as if they had never occurred. This is to avoid double-counting of assets, liabilities, revenues, and expenses, and to present a true and fair view of the group's financial position and performance. It is important to note that this elimination process only applies to transactions between the parent and subsidiary, and not to transactions between subsidiaries or between the parent and other unrelated parties.

IFRS 10 Requires That Intragroup Transactions Be