Consolidated Balance Sheet of the Group as on 31st March, 2022

Particulars	Note No.	₹ in lakh
ASSETS
Non-current assets
(a) Property, Plant and Equipment	1	3,430.00
Current Assets
(a) Inventories	2	1,183.00
(b) Financial assets
(i) Trade receivables	3	2,142.00
(ii) Cash and Cash equivalents	4	1,078.00
Total assets		7,833.00
EQUITY & LIABILITIES
Equity attributable to owners of parent
(a) Share Capital		2,100.00
(b) Other Equity	5	1,966.30
Non-controlling interests (W.N.4)		581.70
Total equity		4,648.00
LIABILITIES
Non-current liabilities
		Nil
Current liabilities
(a) Financial Liabilities
(i) Trade payables	6	3,185.00
Total liabilities		3,185.00
Total Equity and Liabilities		7,833.00

Notes to Accounts

1.	Property, Plant & Equipment
	X Ltd.	1,120.00
	Y Ltd.	1,260.00
	Z Ltd.	1,050.00	3,430.00
2.	Inventories
	X Ltd.	770.00
	Y Ltd. (245 – 7)	238.00
	Z Ltd.	175.00	1,183.00
3.	Trade Receivables
	X Ltd.	910.00
	Y Ltd.	350.00
	Z Ltd.	770.00
	(A)	2,030.00
	Bills Receivables
	X Ltd. (252 – 245)	7.00
	Z Ltd.	105.00
	(B)	112.00
	Total Trade Receivables (A+B)		2,142.00
4.	Cash & Cash equivalents
	X Ltd.	798.00
	Y Ltd.	140.00
	Z Ltd.	140.00	1,078.00
5.	Other Equity
	Reserve (W.N.5)	679.00
	Retained Earnings (W.N.5)	629.30
	Capital Reserve (W.N.3)	658.00	1,966.30
6.	Trade Payables
	X Ltd.	1,645.00
	Y Ltd.	805.00
	Z Ltd.	630.00
	(A)	3,080.00
	Bills payable
	X Ltd.	105.00
	Y Ltd. (245 - 245)	-
	(B)	105.00
	Total Trade Payables (A+B)		3,185.00

*Note: Bills Payable of X Ltd. is not reflecting as Bills Receivable of Y Ltd. This may happen since Y Ltd. may have discounted/endorsed the same to the bank/third party. Working Notes: 1. Analysis of Reserves and Surplus (₹ in lakh)

	Y Ltd.	Z Ltd.
Reserves as on 31.3.2021	280.00	210.00
Increase during the year 2021-2022	70.00	70.00
Increase for the half year till 30.9.2021	35.00	35.00
Balance as on 30.9.2021 (A)	315.00	245.00
Total balance as on 31.3.2022	350.00	280.00
Post-acquisition balance of Reserves	35.00	35.00
Retained Earnings as on 31.3.2021	70.00	105.00
Increase during the year 2021-2022	105.00	105.00
Increase for the half year till 30.9.2021	52.50	52.50
Balance as on 30.09.2021 (B)	122.50	157.50
Total balance as on 31.3.2022	175.00	210.00
Post-acquisition balance of RE	52.50	52.50
Less: Unrealised Gain on inventories [(35 ÷ 125) x 25]	-	(7.00)
Post-acquisition balance of RE for CFS	52.50	45.50
Total balance on the acquisition date ie.30.9.2021 (A+B)	437.50	402.50

2. Calculation of Effective Interest of X Ltd. in Z Ltd. Acquisition by X Ltd. in Y Ltd. = 80% Non-controlling Interest of Y Ltd. = 20% Acquisition by Y Ltd. in Z Ltd. = 75% Acquisition by Group in Z Ltd. (80% x 75) = 60% Non-controlling Interest of Z Ltd = 40% 3. Calculation of Goodwill / Capital Reserve on acquisition of subsidiaries (₹ in lakhs)

	Y Ltd.	Z Ltd.
Investment or consideration	1,190.00	(980 x 80%) 784.00
Add: NCI at Fair value
(1,400 x 20%)	280.00
(1,120 x 40%)		448.00
	1,470.00	1,232.00
Less: Identifiable net assets (Share Capital + Increase in the Reserves and Surplus till acquisition date)	(1,400+437.50)	(1,120+402.50)
	(1,837.50)	(1,522.50)
Capital Reserve	367.50	290.50
Total Capital Reserve (367.50 + 290.50)	658.00

4. Calculation of Non-controlling Interest (₹ in lakhs)

	Y Ltd.	Z Ltd.
At Fair Value (See Note 3)	280.00	448.00
Add: Post Acquisition Reserves (See Note 1)	(35 x 20%) 7.00	(35 x 40%) 14.00
Add: Post-acquisition retained earnings (See Note 1)	(52.50 x 20%) 10.50	(45.50 x 40%) 18.20
Less: NCI share of investment in Z Ltd.	(980 x 20%) (196.00)*	-
	101.50	480.20
Total (101.50 + 480.20)	581.70

*Note: The non-controlling interest in Y Ltd. will take its proportion in Z Ltd. So, they have to bear their proportion in the investment by Y Ltd. (in Z Ltd.) also. 5. Calculation of Consolidated Other Equity (₹ in lakhs)

	Reserves	Retained Earnings
X Ltd.	630.00	560.00
Add: Share in Y Ltd.	(35 x 80%) 28.00	(52.50 x 80%) 42.00
Add: Share in Z Ltd.	(35 x 60%) 21.00	(45.50 x 60%) 27.30
	679.00	629.30

Financial Reporting