AS-21 querry
This query is : Resolved
31 October 2010
Hi Experts I M Just Reading Accounting Standard 21....& I HAve A problem ..
While Consoldating FS Of parent And Subs. wht is the treatment of investment made by parent in subs?????????
By assuming tht Rilance Ind LTD Acquired 60% Stake in GSFC LTD For1200 Crore And Total Equiity Capital of GSFC 100 Crores
plsssssssss tell me wht will b treatment in this case......
thanx in advvvvval
While Consoldating FS Of parent And Subs. wht is the treatment of investment made by parent in subs?????????
By assuming tht Rilance Ind LTD Acquired 60% Stake in GSFC LTD For1200 Crore And Total Equiity Capital of GSFC 100 Crores
plsssssssss tell me wht will b treatment in this case......
thanx in advvvvval
01 November 2010
The cost of investment of parent in each subsidiary should be cancelled/eliminated with parent's portion of equityof each subsidairy on the date on which the investment was acquired in each subsidiary.
01 November 2010
in the given case, RIL has 60% stak and invested an amount of 1200 crores where as actual paid up capital is 100 crores.
actual share of the RIL in its sub is 60%
representative capital is 60 crores and other 40 crores in minority interest.,
balance amount is 1140 crores.
this compare the same with the pre and post acquisition profits and take that part of the pre acquisition profits for the computation of the goodwill/capital reserves...
other post acuqisition profits u can add to ur reserves while consolidating....
incase of further doubts mail me... or post it on caclubindia
actual share of the RIL in its sub is 60%
representative capital is 60 crores and other 40 crores in minority interest.,
balance amount is 1140 crores.
this compare the same with the pre and post acquisition profits and take that part of the pre acquisition profits for the computation of the goodwill/capital reserves...
other post acuqisition profits u can add to ur reserves while consolidating....
incase of further doubts mail me... or post it on caclubindia
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