No, it would have to be shown at a true and fair value, therefore it is fair to assume a £7m increase isn't viable in such a short period of time
Don't quite understand the wording behind the question. If it reads as I interpret it then: A loss can be carried forward and written off against future profits but would not be classed as an asset, merely a loss carried forward
I'm not fully qualified yet so don't take my answers as gospel!