Page 51 - 16. COMPILER QB - INDAS 103

DEF Ltd. 12,00,000
XYZ Ltd. 5,14,000 17,14,000
3. Trade Receivables

DEF Ltd. 5,98,000
XYZ Ltd. 4,00,000 9,98,000
4. Cash & Cash equivalents
DEF Ltd. 1,45,000
XYZ Ltd. 80,000 2,25,000
7. Trade payable
DEF Ltd. 4,71,000
XYZ Ltd. 2,74,000 7,45,000
8. Shorter-term borrowings

Bank overdraft 8,00,000

Statement of Changes in Equity:
Equity share Capital
Balance at the beginning Changes in Equity share Balance at the end of
of the reporting period capital during the year the reporting period
50,00,000 0 50,00,000

Other Equity
Share Equity Reserves & Surplus Total
application component Capital reserve Retained Other Reserves
money pending of compound Earnings
allotment financial
instrument
Balance at the beginning 0 24,00,000 24,00,000
Total comprehensive
income for the year 0 5,72,000 5,72,000
Dividends 0 (2,00,000) (2,00,000)
Total comprehensive
income attributable to
parent 0 3,35,000 3,35,000
Gain on Bargain
purchase 18,85,000 18,85,000
Balance at the end of
reporting period
18,85,000 7,07,000 24,00,000 49,92,000

It is assumed that there exists no clear evidence for classifying the acquisition of the subsidiary as a bargain
purchase and, hence, the bargain purchase gain has been recognized directly in capital reserve. If, however,
there exists such a clear evidence, the bargain purchase gain would be recognized in other comprehensive

income and then accumulated in capital reserve. In both the cases, closing balance of capital reserve will be
Rs. 18,85,000.

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