The following are the Balance Sheets of H Ltd. and its subsidiary S Ltd. at 31st March, 2018: PARTICULARS Note No. H Ltd. (₹) S Ltd. (₹) I. EQUITY AND LIABILITIES (1) Shareholders' Funds : (a) Share Capital (equity share

Consolidated Balance Sheet of H Ltd. and its subsidiary S Ltd. as on 31st March, 2018 Particular Note No. Amount (₹) I Equity and Liabilities (1) Shareholder's Fund (a) Equity Share Capital 1 5,00,000 (b) Reserve and Surplus 2 1,00,000 (2) Non-Current Liabilities Minority Interest 3 1,00,000 (3) Current Liabilities Trade Payables 4 1,20,000 Total 8,20,000 II Assets (1) Non-Current Assets (a) Fixed Assets - Tangible 5 4,50,000 (b) Intangible Assets 6 30,000 (2) Current Assets 7 3,40,000 Total 8,20,000 Notes to Accounts Note No. Particulars Amount (₹) 1. Equity Share Capital Issued, Subscribed and paid up 50,000 Equity Shares of ₹10 each fully paid 5,00,000 2. Reserve and Surplus - Reserve 1,00,000 3. Minority Interest 40% of reserve of S Ltd. (50000*40%) 20,000 40% of appreciation in the value of fixed assets (50,000*40%) 20,000 40% of depreciation in the value of current assets (50,000*40%) (20,000) 40% of paid up value of shares of S Ltd. (2,00,000*40%) 80,000 1,00,000 4. Trade Payable H Ltd. 80,000 S Ltd. 60,000 1,40,000 Less: Due to S Ltd. (20,000) 1,20,000 5. Tangible Fixed Assets H Ltd. 3,00,000 S Ltd. 1,50,000 4,50,000 6. Intangible Assets Calculation of Goodwill Amount paid for 60% shares in S Ltd. 1,80,000 Less: Paid up value of 60% shares in S Ltd. (1,20,000) Less: 60% of reserves of S Ltd. on the date of acquisition of shares (60% of 50,000) (30,000) Less: 60% of appreciation in value of Fixed Assets (50,000*60%) (30,000) Add: 60% of depreciation in value of current assets (50,000*60%) 30,000 Goodwill 30,000 7. Current Assets H Ltd. 2,00,000 S Ltd. 1,60,000 3,60,000 Less: Receivable from H Ltd. (20,000) 3,40,000