Calculation of residual profit and loss9
1
Where there is a fair value profit, the residual profit is calculated by subtracting from the profit any exchange gain, and adding to it the amount of any exchange loss.
2
Where the exchange gain exceeds the fair value profit, the difference between the two is the residual loss.
3
Where there is a fair value loss, the residual loss is calculated by adding to the loss any exchange gain or subtracting from it any exchange loss.
4
Where the exchange loss exceeds the fair value loss the difference between the two is the residual profit.