Page 31 - 16. COMPILER QB - INDAS 103

EQUITY AND LIABILITIES
Equity
Equity share capital (of face value of INR 10 each) 1 12,500
Other equity 2 8,200
Liabilities
Non-current liabilities
Financial liabilities
Borrowings (12% Debentures) 3 7,000

Current liabilities
Trade payables 2,500
30,200

Notes to Accounts
(Rs. 000) (Rs. 000)
1. Share Capital
1,250,000 Equity Shares of Rs. 10 each (700,000 to BX 1,25,00
Ltd and 550,000 as computed above to AX LTD)
2. Reserves and Surplus
General reserve of BX Ltd 20,00
P&L of BX Ltd 5,00
Export Profit Reserve of BX Ltd 1,00
Investment Allowance Reserve of BX Ltd 1,00 8,200
Security Premium (550 shares x Rs. 10) 5,500
3. Long Term Borrowings

12% Debentures (Assumed that new debentures were 70,00
issued in exchange of the old series)

Working Note:
Computation of Goodwill:
Assets: Rs. in 000s
Property, Plant and Equipment 9,500
Investment 1,050

Inventories 1,300
Trade Receivables 1,800
Cash & Cash Equivalents 450
Total Assets 14,100
Less : Liabilities:
Borrowings 3,000
Trade Payables 1,000
Net Assets 10,100
Purchase Consideration 11,000
Goodwill 900

16. 30