Please let me know J (p) Limited got 48 % equity in M (p) Ltd on 30.03.2017 . for F.y 31.03.2017 whether Consolidated balance sheet will be made of Jain (p) Ltd as per AS 21 or only in balance sheet of J (p) Limited investment in M (p) Ltd with goodwill/capital Reserve will be shown.
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Financial statement only if one associate
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consolidation of "associate company" was exempt till fy ending 31.03.2016.. thereafter, consolidation of associate company shall be made and same methodology of subsidiary consolidation shall be followed..
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