Consolidated Financial statements

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CA Ysil Karunai (Querist)
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23 November 2009 Dear Sir,
If subsidiary company already having Goodwill in the balance sheet and while preparing CFS for holding company the capital reserve arise.
Query:
1. Whether Capital Reserve can be set off against goodwill in subsidiary while preparing CFS?
2. if yes, whether it doesn't amount to impairement of Goodwill?

Madhusudan Bohra

Madhusudan Bohra (Expert)
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23 November 2009 Can u pl. explain how capital reserve arose for Holding company? Is it from a totally separate transaction?

CA Ravi Sisodia

CA Ravi Sisodia (Expert)
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23 November 2009 yes, Capital Reserve can be set off against goodwill. i do'nt able to understand about your second Query,please Explain.

CA Ysil Karunai

CA Ysil Karunai (Querist)
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24 November 2009 If capital reserve set off against goodwill of subsidiary comapany, whether amounts to Impairement of goodwill or not?

CA Ravi Sisodia

CA Ravi Sisodia (Expert)
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24 November 2009 no

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