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Deferred tax (70) (70) -
Short term borrowings (35) (35) -
Trade payables (150) (150) -
Contingent liability (300) (300)
Net assets (X) - (5) (5)
Deferred tax Asset on FV adjustment (155 x 625 470 (155)
30%) (Y) 46.50 155
Net assets (X+Y)
Non-controlling interest (516.50 x 30%) rounded 516.5
off 154.95
Capital Reserve (Net assets – NCI – PC) 274.12
Purchase consideration (PC) 87.43

Consolidation workings

P Ltd. D Ltd. (pre- PPA Total
acquisition) Allocation
Assets
Non-Current Assets:
Property, plant and equipment 300 500 (150) 650
Investment 400 100 500
Current assets:
Inventories 250 150 400
Financial assets:
Trade receivables 450 300 750
Cash and cash 200 100 300
equivalents
Others 400 230 630
Total 2,000 1,380 (150) 3,230
Equity and Liabilities
Equity
Share capital- Equity shares of Rs. 500
100 each
Shares allotted to D Ltd.
(2,00,000 x 70% x Rs. 10 per share) 14 514
Other Equity 810 318.62 1128.62
Non-controlling interest 0 154.95 154.95
Non-Current liabilities:
Long term borrowings 250 200 450
Long term provisions 50 70 28.93* 148.93
Deferred tax 40 35 (46.5) 28.5
Current Liabilities:
Short term borrowings 100 150 250
Trade payable 250 300 0 550
Liability for lawsuit damages 5 5
Total 2,000 755 475 3,230
Other Equity

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