Page 11 - 18. COMPILER QB - INDAS 28 _ 111

Foreign currency translation reserve Dr. 54
PPE revaluation reserve Dr. 27

To Cash 13,500
To Investment in associate (4,320 + 378 +54 + 27) 4,779
To Retained earnings (W.N.2) 27

To Gain on previously held interest in Shaun Ltd.
recognised in Profit or loss (W.N.3) 135

(Recognition of acquisition of Shaun Ltd.)
Working Notes:
1. Calculation of Goodwill

Rs. in crore
Cash consideration 13,500

Add: Fair value of previously held equity interest in Shaun Ltd. 4,860
Total consideration 18,360
Less: Fair value of identifiable net assets acquired (16,200)

Goodwill 2,160

2. The credit to retained earnings represents the reversal of the unrealized gain of Rs. 27 crore in Other
Comprehensive Income related to the revaluation of property, plant and equipment. In accordance with Ind

AS 16, this amount is not reclassified to profit or loss.
3. The gain on the previously held equity interest in Shaun Ltd. is calculated as follows:

Rs. in crore

st 4,860
Fair Value of 30% interest in Shaun Ltd. at 1 April, 2020
st (4,779)
Carrying amount of interest in Shaun Ltd. at 1 April, 2020
(4320+378+54+27)

81
Unrealised gain previously recognised in OCI 54
Gain on previously held interest in Shaun Ltd. recognised in profit or loss 135

18. 10