The Balance Sheets of H Ltd. and S Ltd. as on 31st March, 2018 are given below : H Ltd. (₹ in Lakh) S Ltd. (₹ in Lakh) I. EQUITY AND LIABILITIES (1) Shareholders' Funds : (a) Share Capital: Equity Shares of ₹100 each ful

Consolidated Balance Sheet as on 31st March, 2018 Sr. No. Particulars Amount (₹ In Lakhs) I. Equity & Liabilities (1) Share Holder's Fund (a) Share Capital Equity shares of ₹100 each fully paid 2500.000 (b) Reserve and Surplus General Reserve 600.000 Profit and Loss 424.875 (2) Minority Interest (See Note 5) 346.625 (3) Current Liabilities Trade Payable (450+330) 780.000 Total 4651.500 II. Assets 1. Non-Current Assets (a) Tangible Assets Land and Building (1670+980-98) 2552.000 Plant and Machinery (440+310-46.50) 703.500 (b) Intangible Assets Goodwill 65.000 (2) Current Assets (760+571) 1331.000 Total 4651.500 Working Notes Particulars Total Amount Shares of H Ltd 75% Capital Shares of H Ltd 75% Revenue Minority Interest 1. Pre-acquisition profits & Reserves of S Ltd General Reserve 150 Profit 120 Total 270 202.50 - 67.50 2. Post-acquisition reserve of S Ltd. General Reserve (250-150) 100 75 25 3. Profit on revaluation of assets of S Ltd. Land and Building (980-800) 180 Plant and Machinery (310-340) (30) Total 150 112.50 - 37.50 4. Post-acquisition profit of S Ltd. (200-120) 80 Add: Excess depreciation on plant and Machinery 15% on ₹30 lakhs 4.5 Less: Dep. On Land and Building 10% on ₹180 lakhs (18) Total 66.50 49.875 16.625 5. Share Capital of S Ltd. 800 600 - 200 Total (1 to 5) 915 124.875 346.625 Investment of H Ltd. in shares of S Ltd. 980 Cost of Control (Goodwill) 65 Note: Calculation of Rates of Depreciation Land and Building: Dep. For 2017-18 = ₹800 - ₹720 = ₹80 Lakhs and Rate = 80/800 = 10% Plant and Machinery: Dep. For 2017-18 = ₹340 - ₹289 = ₹51 Lakhs and Rate = 51/340 = 15%