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    Dr. CA RAVI AGARWAL FR COMPILER-1315-1334-10

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    The document discusses adjustments to be made in the opening Ind AS balance sheet of Company H. It provides details of adjustments to various asset and liability line items such as an increase in the fair value of investment in a subsidiary, an additional ESOP charge on unvested options, and the transfer of a cumulative translation difference balance to retained earnings.

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    Dr. CA RAVI AGARWAL FR COMPILER-1315-1334-10

    Uploaded by

    shubham s
    8 views1 page
    The document discusses adjustments to be made in the opening Ind AS balance sheet of Company H. It provides details of adjustments to various asset and liability line items such as an increase in the fair value of investment in a subsidiary, an additional ESOP charge on unvested options, and the transfer of a cumulative translation difference balance to retained earnings.

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    The document discusses adjustments to be made in the opening Ind AS balance sheet of Company H. It provides details of adjustments to various asset and liability line items such as an increase in the fair value of investment in a subsidiary, an additional ESOP charge on unvested options, and the transfer of a cumulative translation difference balance to retained earnings.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    8 views1 page

    Dr. CA RAVI AGARWAL FR COMPILER-1315-1334-10

    Uploaded by

    shubham s
    The document discusses adjustments to be made in the opening Ind AS balance sheet of Company H. It provides details of adjustments to various asset and liability line items such as an increase in the fair value of investment in a subsidiary, an additional ESOP charge on unvested options, and the transfer of a cumulative translation difference balance to retained earnings.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    Dr. CA Ravi Agarwal's CA Final FR Compiler 6.

    0 Score 70+ in FR

    Paper 1 – Financial Reporting


    Dr. CA Ravi Agarwal's CA Final Audit Compiler 6.0

    Increase in fair value of investment in subsidiary (note 2) 20,00,000

    Additional ESOP charge on unvested options (note 4) (1,000)

    Transfer of cumulative translation difference balance to 1,00,000


    retained earnings (note 5)
    After the above adjustments, the carrying values of assets and liabilities for the
    purpose of opening Ind AS balance sheet of Company H should be as under:
    Particular Note Previous Adjustments Ind AS
    s GAAP
    Non-Current Assets
    Property, plant 1 1,34,50,000 (4,50,000) 1,30,00,000
    and equipment
    Investment property 1 0 4,50,000 4,50,000
    Investment in S Ltd. 2 48,00,000 20,00,000 68,00,000
    Advances for 50,00,000
    purchase of 50,00,000
    inventory
    Current Assets
    Debtors 2,00,000 2,00,000
    Inventory 8,00,000 8,00,000
    Cash 49,000 49,000
    Total assets 2,42,99,000 20,00,000 2,62,99,000
    Non-current Liabilities
    Deferral loan 3 60,00,000 (22,74,472) 37,25,528
    Deferred government 3 0 22,74,472 22,74,472
    grant
    Current Liabilities
    Creditors 30,00,000 30,00,000
    Short term borrowing 8,00,000 8,00,000
    Provisions 12,00,000 12,00,000
    Total liabilities 1,10,00,000 1,10,00,000
    Share capital 1,30,00,000 1,30,00,000
    Reserves:
    Cumulative
    translation 5 1,00,000 (1,00,000) 0
    difference
    ESOP reserve 4 20,000 1,000 21,000
    Other reserves 6 1,79,000 20,99,000 22,78,000
    Total equity 1,32,99,000 20,00,000 1,52,99,00
    0
    Total equity and 2,42,99,000 20,00,000 2,62,99,00
    liabilities 0
    1324

    Question 6
    Shaurya Limited is the company having its registered and corporate office at
    Page

    New Delhi. 60% of the Shaurya Limited’s shares are held by the Government

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