Page 43 - 16. COMPILER QB - INDAS 103

The parent company has adopted an accounting policy to measure non-controlling interest at fair value
(quoted market price) applying Ind AS 103. Assume market prices of S Limited and SS Limited are the same
as respective face values.

SOLUTION
(a) Consolidated Balance Sheet of the Group as on 31st March, 20X2

Particulars Note No. (Rs. in lakh)
ASSETS
Non-current assets
Property, plant and equipment 1 980

Current assets

(a) Inventory
2 338
(b) Financial assets

Trade receivables
3 580
Bills receivable
4 2
Cash and cash equivalents
5 308
Total assets 2,208
EQUITY & LIABILITIES
Equity attributable to owners of the parent
Share capital 600
Other Equity
Reserves (W.N.5) 194
Retained Earnings (W.N.5) 179.8
Capital Reserve (W.N.3) 188
Non-controlling interests (W.N.4) 166.2
Total equity 1,328
LIABILITIES
Non-current liabilities Nil
Current liabilities
(a) Financial Liabilities
(b) Trade payables 6 880
Total liabilities 880
Total equity and liabilities 2,208

Notes to Accounts (Rs. in lakh)
1. Property, Plant & Equipment
P Ltd. 320
S Ltd. 360
SS Ltd. 300 980
2. Inventories
P Ltd. 220
S Ltd. (70-2) 68

SS Ltd. 50 338
3. Trade Receivables
16. 42