Page 13 - 34.2 FR MARCH 22 MTP ANSWER

Journal Entries
31st March, 20X2
Employee benefits expenses Dr. 11,00,000

To Share based payment liability 11,00,000
(Fair value of SARs has been recognised)
31st March, 20X3
Employee benefits expenses Dr. 21,00,000
To Share based payment liability 21,00,000
(Fair value of SARs has been re-measured)
31st March, 20X4
Employee benefits expenses Dr. 14,00,000
To Share based payment liability 14,00,000
(Fair value of SARs has been recognized)

Solution 5

(a) Consolidated Balance Sheet of A Ltd. and its subsidiary, S Ltd.
as at 31st March, 20X3
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

(i) Equity Share Capital (2,000 + 200) 2,200.00
(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

34.19