Peyrac holds 90% of its subsidiary Velay, which is a CGU; non-controlling interests were measured at the proportionate share of net assets. The goodwill recognised is 270,000, which corresponds, by extrapolation to the ownership percentage (given), to total goodwill of 300,000. Velay's identifiable net assets have a carrying amount of 1,200,000 and the recoverable amount of the unit is 1,380,000. The controller proposes recognising a loss of 120,000. What loss must be recognised?
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