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MTPs QUESTIONS

Q11. (August 18)

Preet Pvt. Ltd. has a number of wholly-owned subsidiaries including Stuti Pvt. Ltd. as of 31st March, 2018.
Preet Pvt. Ltd.‖s consolidated balance sheet and the carrying amount of assets and liabilities of Stuti Pvt.
Ltd., included in the respective amount of respective grouped assets and liabilities of the consolidated balance
sheet as at 31st March, 2018 are as follows:
Particulars Consolidated balance Carrying amount of asset and
sheet liabilities of Stuti Pvt. Ltd.
(Rs. in million) included in the CFS
(Rs. in million)
Assets
Non-current Assets
Goodwill 380 180
Buildings 3,240 1,340
Current Assets
Inventories 140 40
Trade Receivables 1,700 900
Cash and cash equivalents 3,100 1000
Total Assets 8,560 3,460
Equities & Liabilities
Equity 1600
Share Capital
Other Equity
Retained Earnings 4,260
Current liabilities
Trade Payables 2,700 900
Total Equity & Liabilities 8,560 900
Prepare Consolidated Balance Sheet after disposal as on 31st March, 2018 when Preet Pvt. Ltd. group sold

100% shares of Stuti Pvt. Ltd. to an independent party for Rs. 3,000 million.
SOLUTION

When 100% shares sold to independent party Consolidated Balance Sheet of Preet Pvt. Ltd. and its
remaining subsidiaries as on 31st March, 2018
Particular Note No. (Rs. in million)
I. Assets
(1) Non-Current Assets
(i) Property Plant & Equipment 1 1900
(ii) Goodwill 2 200
(2) Current Assets
(i) Inventories 3 100
(ii) Financial Assets
(a) Trade Receivable 4 800
(b) Cash & Cash equivalents 5 5,100
Total Assets
II. Equity and Liabilities 8,100
(1) Equity
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