Prepare the consolidated balance sheet from the following balance sheets of H. Ltd. and S. Ltd. : I. EQUITY AND LIABILITIES (1) Shareholders' funds (a) Share capital Equity shares of ₹10 (H. Ltd. ₹10,000, S. Ltd. ₹2,000)

Consolidated Balance Sheet of H Ltd. and its Subsidiary S Ltd. as on ... Particulars Note No. Amount (₹) I EQUITIES AND LIABILITIES 1 Shareholders' funds (a) Share Capital (1) 100,00,000 (b) Reserve and surplus (2) 64,00,000 2 Minority Interest (Working Note 4) 10,00,000 3 Non-current liabilities - 4 Current Liabilities (3) 34,00,000 TOTAL 208,00,000 II ASSETS 1 Non-current Assets (a) Sundry Assets (80,00,000 + 12,00,000 + 2,00,000) 94,00,000 (b) Current Assets (4) 114,00,000 TOTAL 208,00,000 Notes to Accounts (1) Share Capital ₹ Authorised, Issued subscribed and paid up capital 10,00,000 Equity shares of ₹10 each, fully paid up 100,00,000 (2) Reserves and Surplus ₹ Reserve Fund 10,00,000 Surplus (₹40,00,000 + ₹9,00,000 - ₹1,00,000) 48,00,000 Capital reserve (W.N.6) 6,00,000 64,00,000 (3) Current Liabilities ₹ Trade Payables H Ltd. 20,00,000 Add: S Ltd. 12,00,000 Add: Bills Payable (S Ltd.) 3,00,000 Less: Bills Receivable in holding company (1,00,000) 34,00,000 (4) Current Assets ₹ Inventories (₹61,00,000 + ₹24,00,000 - ₹1,00,000) 84,00,000 Trade Receivables (13,00,000 + 17,00,000) 30,00,000 1,14,00,000 Working Notes: 1. Pre-acquisition profits and reserves of S Ltd. ₹ Reserve Fund 6,00,000 H Ltd.'s share 75% (3/4 x 6,00,000) 4,50,000 Minority Interest 20% (1/4 x 6,00,000) 1,50,000 2. Profit on revaluation of Assets of S Ltd. ₹ Net Profit on revaluation 2,00,000 H Ltd.'s share (3/4 x 2,00,000) 1,50,000 Minority Interest (1/4 x 2,00,000) 50,000 3. Post-acquisition profits of S Ltd. ₹ Post-acquisition profits 12,00,000 H Ltd.'s share (3/4) 9,00,000 Minority Interest (1/4) 3,00,000 4. Minority Interest ₹ Paid-up value of 50,000 shares 5,00,000 Add: 1/4th share of pre-acquisition profits and reserves 1,50,000 1/4th share of profit on revaluation 50,000 1/4th share of post-acquisition reserves 3,00,000 10,00,000 5. Cost of Control or Goodwill ₹ Paid-up value of 1,50,000 shares held by H Ltd. (1,50,000 x 10) 15,00,000 Add: 3/4th share of pre-acquisition profits and reserves 4,50,000 3/4th share of profit on revaluation 1,50,000 Intrinsic value of the shares on the date of acquisition 21,00,000 Less: Price paid by H Ltd. 15,00,000 Capital Reserve 6,00,000 6. Unrealised Profit on Stock = 25/125 × 500,000 = 100,000