Page 9 - 35. FR APRIL 22 MTP QP ANSWERS

MOCK TEST PAPER 2 FINAL COURSE: GROUP – I

PAPER – 1: FINANCIAL REPORTING

ANSWER

Solution 1

(a) A Limited
Consolidated Balance Sheet as at 31st March 20X1 (` in crore)

Particulars Note 31st March, 20X1 31st March, 20X0
ASSETS
Non-current assets
(a) Property, plant and equipment 1 3,590 3,460
(b) Investment property 3,100 3,100

Total non-current assets 6,690 6,560
Current assets
(a) Inventory 2 1,680 1,780
(b) Financial assets
(i) Trade and other receivables 3 2,100 1,735
(ii) Cash and cash equivalents 4 320 200

Total current assets 4,100 3,715
Total assets 10,790 10,275
EQUITY & LIABILITIES
Equity attributable to owners of the parent

Share capital 1,130 1,050
Other Equity 5 2,825 2,350
Non-controlling interests 830 540

Total equity 4,785 3,940
LIABILITIES
Non-current liabilities
(a) Financial Liabilities
(i) Borrowings - Long-term debt
6 2,800 3,385
(b) Provisions

(i) Long-term provisions

(environmental
765 640
restoration)
Total non-current liabilities 3,565 4,025

Current liabilities
(a) Financial Liabilities 7
(i) Trade and other payables (Other 8 895 820
than micro enterprises and small
enterprises)
(ii) Current portion of long-term debt 500 500

(iii) Interest accrued on long-term debt 260 290

35. 8