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Working Notes
1) Determination of Company Z’s balance acquired by Company X on 30.6.20X1 (Acquisition Date)
As per Carrying Acquisition Remarks
Particulars Company Z Value Date Value
Books 33.33%

30.6.20X1 Share
Rs. Rs. Rs.
Assets
Non-Current Assets
Property Plant & Equipment 3,00,000 99,990 1,66,650 Note 1
Right of Use Asset 20,000 6,666 6,666
Development CWIP 1,00,000 33,330 66,660 Note 2
Financial Assets
Loan receivable 50,000 16,665 16,665
Total Non-Current Assets 4,70,000 1,56,651 2,56,641
Current assets
Inventories 30,000 9,999 9,999
Financial Assets
Trade receivables 1,00,000 33,330 33,330
Cash and cash equivalents 2,00,000 66,660 66,660
Other Current Assets 50,000 16,665 16,665
Total Current Assets 3,80,000 1,26,654 1,26,654
Liabilities
Non-Current Liabilities
Provisions 2,00,000 66,660 66,660

Other Liabilities 1,00,000 33,330 33,330
Total Non-Current Liabilities 3,00,000 99,990 99,990
Current Liabilities
Financial liabilities
Trade Payables 2,00,000 66,660 66,660
Total Current Liabilities 2,00,000 66,660 66,660

Note 1: Fair Value of PPE:
Fair Value of PPE in Company Z Books Rs. 5,00,000

33.33% Share acquired by Company X Rs. 1,66,650

Note 2: Fair Value of Development CWIP:
Fair Value of PPE in Company Z Books Rs. 2,00,000
33.33% Share acquired by Company X Rs. 66,660

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