WHEN DATE OF ACQUISITION (OR) PURCHASE OF SUBSIDIARY COMPANY
IS UNKNOWN AND NOT GIVEN: FOR THE FIRST METHOD, THE
FOLLOWING WORKING NOTES SHOULD BE DONE,
BEFORE DOING MAIN SOLUTION:
|
No. of sh. in Subs. co. = Share capital amount in subsidiary company/Face
value of equity shares |
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|
Holding company:
Minority Interest |
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Working Note 2: Calculation of capital profits |
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Reserves and profits & Loss account balance given in the
adjustments xxxx |
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Total capital profits
xxxx |
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Holding company Capital profits Share ratio |
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Minority interest Capital profits Share ratio |
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|
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Working Note 3: Calculation of Revenue profits |
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Reserves and profit and loss account amount of subsidiary company |
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which given in the
balance sheet
xxxx |
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Less:
Total capital profits
xxxx |
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Total revenue profits
xxxx |
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Holding company = Revenue profits × Share ratio (Transfer to Note No:
2) |
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Minority interest = Revenue profits × Share ratio |
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Working Note 4: Minority interest |
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Nominal paid up share capital
amount
xxxx |
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Capital profits
xxxx |
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Revenue profits
xxxx |
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Total minority interest (transfer to liabilities side) xxxxx |
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Working Note 5: Cost of Control (Holding company) |
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Nominal paid up share capital
amount
xxxx |
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Capital profits
xxxx xxxx |
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Less: Investment of shares in Subsidiary
company
xxxx |
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(-) Goodwill (transfer to Note No:9)
xxxxx |
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(+) Capital reserves (transfer to Note No: 2) |
|
Format For
Consolidated Balance Sheet of as on (AS PER REVISED SCHEDULE VI)
|
Equity And Liabilities |
Note .No |
Amount |
|
(i)Share Holder's Fund |
|
|
|
|
|
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Share
capital |
1 |
xxx |
|
Reserves and Surplus |
2 |
xxx |
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(ii)Minority Interest (Refer Working note:4) |
Nil |
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(iii)Non Current Liabilities |
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Long
term borrowings |
3 |
xxx |
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(iv)Current Liabilities |
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Short
term borrowings |
4 |
xxx |
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Trade
payables |
5 |
xxx |
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Short
term provisions |
6 |
xxx |
|
Other
current liabilities |
7 |
xxx |
|
Total(i+ii+iii+iv) |
|
xxxxx |
|
Assets |
Note .No |
Amount Rs. |
|
(i)Non Current Assets: |
|
|
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Tangible asstes |
8 |
xxx |
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Intangible asstes |
9 |
xxx |
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Non-current assets |
10 |
xxx |
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(ii) Current Assets: |
|
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Trade receivables |
11 |
xxx |
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Short term loans and advances |
12 |
xxx |
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Other current assets |
13 |
xxx |
|
Closing stock |
14 |
xxx |
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Cash and cash equivalent |
15 |
xxx |
|
Total(i+ii) |
|
xxxxx |
Notes to Accounts
on Balance Sheet
|
No. |
Particulars |
Amount |
|
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1 |
SHARE CAPITAL: |
|
|
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Authorised, Issued, Subscribed, Called Up and
Paid Up Capital: |
|
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Equity
share capital
xxx |
|
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Less: calls in arrears xxx |
xxx |
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Preference share capital |
xxx |
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2 |
RESERVES AND SURPLUS: |
|
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Profit and Loss A/C: |
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Balance at the beginning of the year xxx |
|
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Profit
for the year
xxx |
|
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|
Revenue profit shares of
holding company xxx |
|
|
|
xxx |
|
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|
Less:Profit unrealised on stock
xxx |
xxx |
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General
reserves |
xxx |
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Capital
reserves |
xxx |
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|
Reserves
fund |
xxx |
|
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|
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3 |
LONG TERM BORROWING: |
|
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|
Unsecured loan |
xxx |
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Debentures |
xxx |
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Loan
from Managing Director |
xxx |
|
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4 |
SHORT TERM BORROWING: |
|
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Bank
overdraft |
xxx |
|
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5 |
TRADE PAYABLES |
|
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Creditors(or) Trade creditors(or) Sundry creditors xxx |
|
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|
Less:Mutual owings(or) obligations
xxx |
xxx |
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Accounts receivable |
xxx |
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Bills
payable
xxx |
|
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|
Less:Mutual owings(or) obligations
xxx |
xxx |
|
|
|
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6 |
SHORT TERM PROVISIONS: |
|
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Provision for taxation |
xxx |
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Proposed
equity dividend |
xxx |
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Preference dividend |
xxx |
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7 |
OTHER CURRENT LIABILITIES |
|
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Interim
dividend payable |
xxx |
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Corporate
dividend tax payable |
xxx |
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Debenture interest outstanding |
xxx |
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Outstanding wages and salaries |
xxx |
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Outstanding expenses |
xxx |
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Incomes
received in advance |
xxx |
|
|
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8 |
TANGIBLE ASSETS |
|
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Land and
buildings less depreciation |
xxx |
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Furniture,fixtures and fittings less depreciation |
xxx |
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Plant
and machinery less depreciation |
xxx |
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Freehold
properties and premises less depreciation |
xxx |
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|
Engineering
tools and loose tools |
xxx |
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Freehold
land |
xxx |
|
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|
xxx |
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Add:
Increasing in fixed assets (or) fixed assets undervalued |
xxx |
|
|
|
xxx |
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Less:Decreasing in fixed assets (or) fixed assets overvalues |
xxx |
|
9 |
INTANGIBLE ASSETS |
|
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Goodwill |
xxx |
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|
Patent
right |
xxx |
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|
Copyright |
xxx |
|
|
|
|
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10 |
NON-CURRENT INVESTMENTS: |
|
|
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Investment in shares |
xxx |
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Investment
in government securities |
xxx |
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Other
investments |
xxx |
|
|
|
|
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11 |
TRADE RECEIVABLES: |
|
|
|
Sundry debtors (or) book
debts
xxx |
|
|
|
Less:Mutual
owings (or) obligations
xxx |
xxx |
|
|
Bills
payable
xxx |
|
|
|
Less:Mutual owings (or) obligations
xxx |
xxx |
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|
Accounts
payable |
xxx |
|
|
|
|
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12 |
SHORT TERM LOANS AND ADVANCES |
|
|
|
Prepaid
expenses |
xxx |
|
|
Accrued
incomes or Outstanding incomes |
xxx |
|
|
|
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13 |
OTHER CURRENT ASSETS |
|
|
|
Discount
on debentures |
xxx |
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|
Technical know how |
xxx |
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|
Promotion expenses |
xxx |
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|
Income
tax paid under dispute |
xxx |
|
|
|
|
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14 |
CLOSING STOCK OR INVENTORY |
|
|
|
Closing
stock
xxx |
|
|
|
Less:profit unrealised on stock
xxx |
xxx |
|
|
Closing
inventory |
xxx |
|
|
Stock at
the end |
xxx |
|
|
Inventory at the end |
xxx |
|
|
|
|
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15 |
CASH AND CASH EQUIVALENT |
|
|
|
Cash in
hand |
xxx |
|
|
Cash at
bank |
xxx |
|
|
Bank
balance |
xxx |
|
|
Cash
balance |
xxx |
|
|
Bank
current A/c |
xxx |
