Page 45 - 16. COMPILER QB - INDAS 103

3. Calculation of Goodwill / Capital Reserve on the acquisition date
S Ltd. SS Ltd.
Investment or consideration 340 (280 × 80%)
224
Add: NCI at Fair value

(400 x 20%) 80
(320 x 40%) 128
420 352
Less: Identifiable net assets (Share capital +
Increase in the Reserves and Surplus till
acquisition date) (400+125) (320+115) (435)
Capital Reserve (525)
Total Capital Reserve (105 + 83) 105 83
188

4. Calculation of Non-Controlling Interest
S Ltd. SS Ltd.
At Fair Value (See Note 3) 80 128
Add: Post Acquisition Reserves (See Note 1) (10× 20%) 2 (10× 40%) 4
Add: Post Acquisition Retained Earnings (See Note 1) (15× 20%) 3 (13× 40%) 5.2
Less: NCI share of investment in SS Ltd. (280x20%)

(56)*
29 137.2

Total (29+ 137.2) 166.2
5. Calculation of Consolidated Other Equity
Reserves Retained Earnings
P Ltd. 180 160
Add: Share in S Ltd. (10 x 80%) 8 (15× 80%) 12
Add: Share in SS Ltd. (10× 60%) 6 (13× 60%) 7.8
194 179.8

Q20. (Oct 20 – 16 Marks)
Summarised Balance Sheets of PN Ltd. and SR Ltd. as on 31 March 2020 were given as below:

(Amount in Rs)
Particulars PN Ltd. SR Ltd.
Assets

Land & building 4,68,000 5,61,600
7,48,800 4,21,200
Plant & Machinery
12,48,000 -
Investment in SR Ltd.
3,74,400 1,13,600
Inventories

Trade Receivables
1,86,500 1,24,800
Cash & Cash equivalents
45,200 24,900

30,70,900 12,46,100
16. 44