Page 50 - 16. COMPILER QB - INDAS 103

Liabilities Amount Assets Amount
Trade Payables 1,00,000 Land & Buildings 10,00,000
Inventories 1,50,000

Notes:
1. It may be assumed that the inventory is still unsold on balance sheet date and the Trade Payables are
also not yet settled.
2. Also assume that the Other Reserves of both the companies as on 31st March 20X2 are the same as
was on 1st April 20X1.
3. All fair value adjustments have not yet started impacting consolidated post-acquisition profits.

4. Investment in XYZ Ltd is carried at cost in the separate financial statements of DEF Ltd.
5. Appreciation of Rs.10 lakhs in land & buildings is entirely attributable to land element only.
6. Depreciation on plant and machinery is on WDV method.
7. Acquisition-date fair value adjustment to inventories of XYZ Ltd. existing at the balance sheet date does
not result in need for any write-down.

Prepare consolidated Balance Sheet as on 31st March, 20X2.
SOLUTION
Consolidated Balance Sheet of DEF Ltd. and its subsidiary, XYZ Ltd. as on 31st March, 20X2

Particulars Note No. Rs.
I. Assets
(1) Non-current assets
(i) Property Plant & Equipment 1 86,00,000
(2) Current Assets
(i) Inventories 2 17,14,000

(ii) Financial Assets
(a) Trade Receivables 3 9,98,000
(b) Cash & Cash equivalents 4 2,25,000
Total Assets 1,15,37,000
II. Equity and Liabilities
(1) Equity
(i) Equity Share Capital 5 50,00,000

(ii) Other Equity 6 49,92,000
(2) Current Liabilities
(i) Financial Liabilities
(a) Trade Payables 7 7,45,000
(b) Short term borrowings 8 8,00,000
Total Equity & Liabilities 1,15,37,000

Notes to Accounts
Rs
1. Property Plant & Equipment
Land & Building 43,00,000
Plant & Machinery (W.N. 7) 43,00,000 86,00,000
2. Inventories
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