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No. of shares to be issued to Y Ltd =
Net Assets taken over of Y Ltd. (x) Purchase Consideration / Net Assets taken over of X Ltd. and Y Ltd.
X Ltd. Y Ltd.

Rs. ’000 Rs. ’000
13,000 × 9,050 / 18,750 = 6,27,500 Equity shares 62,75
of Rs. 10 each
13,000 × 9,700 /18,750 = 6,72,5000 Equity shares 62,75
of Rs. 10 each

(3) Balance Sheet of XY Ltd. as on 1st April, 2018
INR in '000
ASSETS Note No. Amount
Non-current assets
Property, Plant and Equipment 16,000
Financial assets
Investment 1,600

Current assets
Inventories 4,000
Trade receivables 5,800
Cash and Cash equivalents 850
28,250
EQUITY AND LIABILITIES
Equity
Equity share capital (of face value of INR 10 1 13,000
each)
Other equity 2 5,750
Liabilities
Non-current liabilities
Financial liabilities
Borrowings 3 7,000
Current liabilities
Trade payables 2,500
28,250

Notes to Accounts
(Rs. 000) (Rs. 000)
1. Share Capital
13,00,000 Equity Shares of Rs. 10 each 130,00
2. Reserves and surplus
General Reserve (15,00 + 20,00) 35,00
Profit & Loss (10,00 + 5,00) 15,00
Investment Allowance Reserve (5,00 + 1,00) 6,00
Export Profit Reserve (50 + 1,00) 1,50 57,50
3. Long Term Borrowings
12% Debentures 70,00
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