Suppliers from countries such as China and Turkey have been hit the hardest financially as the fashion empire gets wound up.
In total, creditors are owed £219m but there is only £42.4m of assets available to pay them, resulting in the £176m loss.
It is estimated that gift card holders have been left £4.5m out of pocket.
Deloitte was appointed last year to oversee the company’s administration process, with the firm originally estimating that £82.2m was owed to creditors when Arcadia collapsed.
Some 300 of Arcadia’s approximately 13,000 employees are set to be transferred to Asos, however mostly in design and product-related roles.
However, the transaction does not include the group’s 70 stores, including its Oxford Street Topshop flagship, which is now being marketed for sale.