Page 75 - 16. COMPILER QB - INDAS 103

Receivables 400 200
Cash 200 50

7,650 1,850
Equity:
Share capital 2,000 500
Retained earnings 1,400 300
3,400 800

Non-current liabilities 3,000 400
Current liabilities 1,250 650
7,650 1,850

Further information:
i) On the date of acquisition the fair values of S Limited's plant exceeded its book value by Rs. 2,00,000.
The plant had a remaining useful life of five years at this date;
ii) The consolidated goodwill has been impaired by Rs. 2,58,000; and
iii) the fair value method. At the date of acquisition, the fair value of the 20 % non-controlling interest was

Rs. 3,80,000.
You are required to prepare the Consolidated Balance Sheet of A Limited as at 31st March, 2019. (Notes to
Account on Consolidated Balance Sheet is not required).
SOLUTION

Consolidated Balance Sheet of A Ltd. and its subsidiary, S Ltd. as at 31st March, 2019
Particulars Rs. in 000s
I. Assets
(1) Non-current assets
(i) Property Plant & Equipment (W.N.4) 7,120.00
(ii) Intangible asset – Goodwill (W.N.3) 1,032.00
(2) Current Assets
(i) Inventories (550 + 100) 650.00
(ii) Financial Assets
(a) Trade Receivables (400 + 200) 600.00
(b) Cash & Cash equivalents (200 + 50) 250.00
Total Assets 9,652.00
II. Equity and Liabilities
(1) Equity 2,200.00
(i) Equity Share Capital (2,000 + 200)
(ii) Other Equity
(a) Retained Earnings (W.N.6) 1190.85
(b) Securities Premium 160.00
(2) Non-Controlling Interest (W.N.5) 347.40
(3) Non-Current Liabilities (3,000 + 400) 3,400.00
(4) Current Liabilities (W.N.8) 2,353.75
Total Equity & Liabilities 9,652.00

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