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    pijiyo78
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    The document shows financial information for two companies, Home Ltd and Illiad Ltd. It lists their assets and liabilities. Home Ltd has total assets of $1,000,000 including goodwill of $96,000 and fixed assets of $400,000. It has total liabilities of $100,000. Illiad Ltd has total assets of $350,000 including stock of $142,000, and total liabilities of $50,000. The net assets of Home Ltd are $900,000 and Illiad Ltd are $300,000.

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    Book1

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    The document shows financial information for two companies, Home Ltd and Illiad Ltd. It lists their assets and liabilities. Home Ltd has total assets of $1,000,000 including goodwill of $96,000 and fixed assets of $400,000. It has total liabilities of $100,000. Illiad Ltd has total assets of $350,000 including stock of $142,000, and total liabilities of $50,000. The net assets of Home Ltd are $900,000 and Illiad Ltd are $300,000.

    Copyright:

    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
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    5 views4 pages

    Book 1

    Uploaded by

    pijiyo78
    The document shows financial information for two companies, Home Ltd and Illiad Ltd. It lists their assets and liabilities. Home Ltd has total assets of $1,000,000 including goodwill of $96,000 and fixed assets of $400,000. It has total liabilities of $100,000. Illiad Ltd has total assets of $350,000 including stock of $142,000, and total liabilities of $50,000. The net assets of Home Ltd are $900,000 and Illiad Ltd are $300,000.

    Copyright:

    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 4

    Home Ltd Illiad Ltd.

    Assets
    Goodwill 96,000.00 38,000.00
    Stock 204,000.00 142,000.00
    Fixed Assets 400,000.00 100,000.00
    Investment 100,000.00 -
    Debtor 170,000.00 60,000.00
    Cash & Bank 30,000.00 10,000.00
    Total Assets 1,000,000.00 350,000.00

    Liability
    Creditors 100,000.00 50,000.00

    Net Assets 900,000.00 300,000.00


    Sundry Assets ###
    75% 25%
    Book Value ### 450,000.00
    Gain @ 12 % 162,000.00 36,000.00
    ### 414,000.00

    Realisable value ### 414,000.00 ###

    Liability
    10% Debenture 200,000.00
    Trade Payables 240,000.00
    Bank Overdraft 50,000.00
    Other Liability 25,000.00
    Total of liability 515,000.00

    Net Asset ###


    Maxi Limited
    No of Share
    Amount Share of
    in Maxi Ltd
    Equity Shares 150,000.00 10.00 15,000.00

    Exchange 15000 / 5 * 6 18,000.00 No of Shares Quantity


    10.00 Share of Value
    Shares 180,000.00
    Cash 19,500.00
    199,500.00 Total amount paid to Equity Shareholders of Maxi Ltd

    No of Share
    Amount Share of
    in Maxi Ltd
    Preference Shares 60,000.00 10.00 6,000.00
    15 % Premium 9,000.00 1.50
    11.50 6,000.00

    69,000.00 69,000.00 10 % Preference Shares

    Purchase consideration 268,500.00


    uity Shareholders of Maxi Ltd

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