From the following balance sheets of a holding company (H Ltd.) and its subsidiary (S Ltd.) on 31-3-2016, prepare a consolidated balance sheet: Liabilities H Ltd. (₹) S Ltd. (₹) Assets H Ltd. (₹) S Ltd. (₹) Share Capital

Consolidated Balance Sheet of H Ltd. and its Subsidiary S Ltd. as on 31st March, 2016 Particulars Amount (₹) ASSETS Fixed Assets Goodwill 14,000 Plant & Machinery H. Ltd. 3,00,000 S Ltd. 1,50,000 4,50,000 Current Assets Stock H. Ltd. 80,000 S Ltd. 50,000 1,30,000 Sundry Debtors H. Ltd. 1,20,000 S Ltd. 1,60,000 2,80,000 Less: Inter Co. Owings 20,000 2,60,000 Cash and Bank H. Ltd. 20,000 S Ltd. 10,000 30,000 Cheques – in- transit 5,000 35,000 TOTAL ASSETS 8,89,000 EQUITY & LIABILITIES Share Capital Issued and Subscribed Capital 50,000 Equity Shares of ₹10 each fully paid up 5,00,000 Minority Interest 66,000 Reserve & Surplus General Reserve (H Ltd) 80,000 Share in S Ltd. 16,000 96,000 Profit & Loss A/c as per Balance Sheet 90,000 Add: Share in S Ltd. 48,000 1,38,000 Less: Dividend Paid 16,000 1,22,000 Current Liabilities and Provisions Sundry Creditors H Ltd. 50,000 S Ltd. 40,000 90,000 Less: Inter Co. Owings 15,000 75,000 Outstanding Expenses H Ltd. 20,000 S Ltd. 10,000 30,000 TOTAL LIABILITIES 8,89,000 Working Notes: (1) Share of H Ltd. in Capital Profit and Reserve : Balance in pre-acquisition reserve account: ₹40,000 Balance in pre-acquisition Profit & Loss account: ₹30,000 Less: Dividends paid: (₹20,000) Total: ₹10,000 Total Capital Profit: ₹50,000 H Ltd.'s share 4/5 of ₹50,000: ₹40,000 Amount of dividends has been calculated as under Shares: 16,000 Dividends: 16,000 20,000 X (Suppose) So, X = (16,000 * 20,000) / 16,000 = ₹20,000 (2) Share of H Ltd. in Current Year's Profit : Balance of Profit on 31-3-2016: ₹70,000 Less: Pre acquisition profits: ₹30,000 Less: Dividends for 2014-15: (₹20,000) Profit during the year: ₹60,000 H Ltd.'s share 4/5 of ₹60,000: ₹48,000 (3) Share of H Ltd. in General Reserve : Balance on 31-3-2016: ₹60,000 Less: Pre acquisition reserve: (₹40,000) Total: ₹20,000 H Ltd.'s share 4/5 of ₹20,000: ₹16,000 (4) Cost of control : Cost of investment in share of S Ltd: ₹1,90,000 Less: Paidup value of shares held: (₹1,60,000) Balance: ₹30,000 Less: Dividends from pre-acquisition profits: (₹16,000) Balance: ₹14,000 Less: Share in Capital Profits of S Ltd.: (₹40,000) Capital Reserve: ₹26,000 Add: Goodwill H Ltd. 30,000 S Ltd. 10,000 Net Goodwill: ₹40,000 (5) Minority interest : Paid – up value of the shares held: ₹40,000 Add: 1/5 of ₹60,000 (General Reserve): ₹12,000 Add: 1/5 of ₹70,000 (Profit & Loss A/c): ₹14,000 Total: ₹66,000