S.

No Names Marks

1 Abhinav 2
2 Afsana 0
3 Akshat 0
4 Aman 2
5 Anuj 2
6 Anushree 0
7 Arusha 2
8 Avin 2
9 Bhavika 0
10 Bivraaj 0
11 Blithe 0
12 Brinda 2
13 Darshi 2
14 Dhruvi 2
15 Diksha 2
16 Divya 2
17 Farhan 2
18 Harsh 2
19 Hitakshi 2
20 Janhavi 2
21 Jay 2
22 Jayani 2
23 Kanchan 0
24 Kashvi 2
25 Kasturi
26 Maitri 2
27 Mansi Mehta
28 Mansimar
29 M Ameen 2
30 Nikita
31 Piran 2
32 Pooja 0
33 Pooja N 2
34 Poojal 2
35 Pranali 2
36 Prapti 2
37 Rajat
38 Ram 2
39 Riddhi 2
40 Roshan 2
41 Sahil 2
42 Snehal 0
43 Tanushree 0
44 Vandini 2
45 Vrinda 2
46 Yogender 0
47 Yukta 2
48 Sagar 0
49 Hitanshu
C Fair Value Adjustments of Subsidiarys Net Assets

Subsidiarys asset at acquisition get revalued.

If there is a increase in subsidiarys asset then
1. Add the increase in at acqusuition column and deduct the dep from post column.
2. Add the increase to PPE in Balance Sheet and decrease the depreciation.

Example: In the books building is at 2 million, however fair value in market is at 2.5 milllion. During acq building had
a remaining life of 5 years.

W2 Net Assets of Subsidiary

At Acq Rep
SC
SP
RE
FV inc in building 0.5 million

Balance Sheet extract

Assets
PPE (+0.5 million - 0.1 million)

D Cash in transit & Goods in transit

Cash in transit
1. Adjust for the cash in transit as if already received.
2. Deduct the same amount from receivables.
3. The the receivables & payables will match. Deduct the common balance.

Example Zee Co has a receivables of 7000 from Bee Co. However Bee Co. is only showing a payables of
6000 to Zee Co.
Zee Co Bee C

Receivables ( -1000 - 6000 + 25000 + 62000 ) 25000 ###

Cash ( + 1000 80000 ###

Payables ( - 6000 ) 58000 ###

Goods in transit
1. Adjust for the goods as if already received.
2. Increase the payables accordingly.
3. The receivables & payables will match. Deduct the common balance.
Refer Q2 from the word file of 'Questions for Consolidation'
Statement of Consoidated financial Position
Assets
Non current asset
PPE 240
Investment in S
Goodwill 72

Current Assets
Inventory 65
Trade receivables ( - 2 - 6 + 20+ 10) 22
Cash ( + 2 + 10+ 5) 17

Total Assets 416

Equity & Liablity

Equity
SC 200
SP 10
RE 52
NCI 30
NCL 65

CL (- 6 + 25+ 40) 59

Toal Equity & Liability 416

Refer Q3 from the word file of 'Questions for Consolidation'

Statement of Financial Position as at 30 June 2018

Assets
NCA W1
Land (+1250+4500+2500 ) 8250
Plant & Equipment ( +500- 300 + 2400 +1750) 4350
Investments (-3500-300+8000) 4200
Goodwill 700 W2

Current Assets
Inventory 4100
Receivables ( -100 - 400+1400+650) 1550
Bank ( +100+600+150) 850

Total Assets 24000

W3
Equity & Liability
Equity
SC 5000
RE 9575
NCI 1525
W4
NCL (-300+4000+500) 4200

CL (-400+2800+1300) 3700

Total equity & Liabilty 24000 W5

illlion. During acq building had

Post

-0.1million

ng a payables of

Consolidation
 Working Notes

W1 Group Structure
P-----S
80%

W2 Net Assets of Subsidiary

At Acq Rep Post
SC 100
SP 30
RE 5 15
135 15

W3 Goodwill
Purchase Consider 180
Add: NCI ( 20% of 27
Less: Net worth -135
Goodwill 72

W4 NCI
NCI at acq 27
Add: NCIs share i 3
30

W5 GRE
Parents RE 40
Add: Parents shar 12
52

Workings

Group Structure
P---S
75%

Net worth of the subsidiary

At acq Rep Post
SC 1000 0
SP 0 0
RE 1150 2000
FV inc in land 1250 0
FV inc in plant 500 -300 W5 GRE
3900 1700 W4 NCI
Goodwill
Purchase Consideration 3500
Add: NCI (2000 * .25 * 2.2) 1100
Less: Net worth -3900
700

NCI
NCI (2000 * .25 * 2.2) 1100
Add: NCIs share 425
1525

GRE
Parents RE 8300
Add: Parents share 1275
9575
W5 GRE 80% 12
W4 NCI 20% 3
1275
425
E Unrealized Profit (URP)
Inventory
If the goods are being sold within the group at a profit and if these goods were not sold to the outside world then
1. Regardless of the seller, remove URP from inventory
2. Check who is the seller
Parent: Remove URP from W5 GRE
Subsidiary: Remove URP from W2 Post column

P
1000 +200

Balance Sheet
Inventory ( 5000 + 6000 - 200)

PPE
If the PPE is being sold within the group at a profit then:
1. Regardless of the seller and buyer, remove URP from PPE and add back excess dep to PPE
2. Check who is the seller
Parent: Remove URP from W5 GRE
Subsidiary: Remove URP from W2 Post column
3. Check who is the buyer
Parent: Add excess dep to W5 GRE
Subsidiary : Add excess dep to W2 post column

P sold machine to S for 6000. The CV at the date of sale was 4000. The remaining life at the date of sale was 10 yea

URP: 6000-4000 =2000

Excess Dep : 200

Old dep = 4000/10 = 400
New dep = 6000/10 = 600

Q 4 from Word file ' Questions on Consolidation'

CSFP

NCA W1
PPE 130
Investment 0
Goodwill 18
CA
Inventory ( - 4 106 W2
Receivables ( -22 113
Bank 15

TA 382

Equity & Liab

Equity
SC 15
RE 169.8 W3
NCI 5.2

NCL 148

CL ( -22 44

Total Equity & Liability 382

W4

W5

W6
ods were not sold to the outside world then

S
1200

ack excess dep to PPE

e remaining life at the date of sale was 10 years.

Working Notes

Group Structure
P-----S
90%
Net worth of subsidiary
At acq Rep Post
SC 5 0
SP 0 0
RE 5 26
URP -4 GRE
10 22

NCI
Goodwill
Purchase Consideration 34
Add: NCI at acq 4
Less: Net worth -10
28 GRE W5 -9000
Less: Impairment -10
Goodwill 18
NCI W4 -1000
NCI
Add: NCI at acq 4
Add: NCIs share 2.2
Less: NCIs share in impairm -1
5.2

GRE
Parents RE 159
Add: Parents share 19.8
Less: Parents share in imp -9
169.8

URP
Unsold 12000

Cost 100
Profit 50
Selling Price 150 12000

URP = 12000*50/150 = 4000

19.8

2.2