7 ja 5 Question 3 Translate the following Balance sheet of XYZ Ltd. Which is an Indian based multinational company doing business in UK using Current rate, Current Non-current method, and monetary non-Monetary and temporal method and show the Cumulative translation Adjustment. You are required to prepare the Consolidated Balance Sheet under all methods. Assume the Current rate of exchange INR/GBP as on 31 December 2018 is 94.1041 and Historical exchange rate GBP/INR as on 1 January 2018 was 0.01063 and average rate is INR/GBP was at 86.2458 (6 Marks) Balance sheet of XYZ Ltd as on 31 December 2018, Assets Amount in GBP 7526 4500 cash at bank Deferred Tax assets Receivables from debtors Derivative financial assets $350 8635 (Parent) Amount in INR 624658 373500 444050 716705 1328000 2158000 871500 6516413 Licences 16000 Land 26000 10500 Accrued interest 78511 Liabilities and Equity Payables to creditors Accrued expenses Capital lease due Share capital 5456 16521 11000 45534 452848 1371243 913000 3779322 78511 6516413 B. Identify and explain which of the items given in the balance sheet created high impact for CTA. (2Marks) C. Advice the company regarding the steps to be taken by them to reduce the impact of such items on CTA in future. (2 Marks) Question 3 Translate the following Balance sheet of XYZ Ltd. Which is an Indian based multinational company doing business in UK using Current rate, Current/Non-current method, and monetary non-Monetary and temporal method and show the Cumulative translation Adjustment. You are required to prepare the Consolidated Balance Sheet under all methods. Assume the Current rate exchange INR GBP as on 31" December 2018 is 94.1041 and Historical exchange rate GBP/INR as on 15 January 2018 was 0.01063 and average rate is INR/GBP was at 86.2458 (6 Marks) Balance sheet of XYZ Ltd as on 31 December 2018 Assets Amount in GBP (Parent) Amount in INR 624658 7526 4500 373500 cash at bank Deferred Tax assets Receivables from debtors Derivative financial assets Licences 5350 8635 16000 26000 10500 78511 444050 716705 1328000 2158000 871500 6516413 Land Accrued interest Liabilities and Equity Payables to creditors 5456 452848 16521 1371243 Accrued expenses Capital lease due Share capital 11000 45534 913000 3779322 78511 6516413 B. Identify and explain which of the items given in the balance sheet created high impact for CTA (2Marks) C. Advice the company regarding the steps to be taken by them to reduce the impact of such items on CTA in future. (2 Marks) 7 ja 5 Question 3 Translate the following Balance sheet of XYZ Ltd. Which is an Indian based multinational company doing business in UK using Current rate, Current Non-current method, and monetary non-Monetary and temporal method and show the Cumulative translation Adjustment. You are required to prepare the Consolidated Balance Sheet under all methods. Assume the Current rate of exchange INR/GBP as on 31 December 2018 is 94.1041 and Historical exchange rate GBP/INR as on 1 January 2018 was 0.01063 and average rate is INR/GBP was at 86.2458 (6 Marks) Balance sheet of XYZ Ltd as on 31 December 2018, Assets Amount in GBP 7526 4500 cash at bank Deferred Tax assets Receivables from debtors Derivative financial assets $350 8635 (Parent) Amount in INR 624658 373500 444050 716705 1328000 2158000 871500 6516413 Licences 16000 Land 26000 10500 Accrued interest 78511 Liabilities and Equity Payables to creditors Accrued expenses Capital lease due Share capital 5456 16521 11000 45534 452848 1371243 913000 3779322 78511 6516413 B. Identify and explain which of the items given in the balance sheet created high impact for CTA. (2Marks) C. Advice the company regarding the steps to be taken by them to reduce the impact of such items on CTA in future. (2 Marks) Question 3 Translate the following Balance sheet of XYZ Ltd. Which is an Indian based multinational company doing business in UK using Current rate, Current/Non-current method, and monetary non-Monetary and temporal method and show the Cumulative translation Adjustment. You are required to prepare the Consolidated Balance Sheet under all methods. Assume the Current rate exchange INR GBP as on 31" December 2018 is 94.1041 and Historical exchange rate GBP/INR as on 15 January 2018 was 0.01063 and average rate is INR/GBP was at 86.2458 (6 Marks) Balance sheet of XYZ Ltd as on 31 December 2018 Assets Amount in GBP (Parent) Amount in INR 624658 7526 4500 373500 cash at bank Deferred Tax assets Receivables from debtors Derivative financial assets Licences 5350 8635 16000 26000 10500 78511 444050 716705 1328000 2158000 871500 6516413 Land Accrued interest Liabilities and Equity Payables to creditors 5456 452848 16521 1371243 Accrued expenses Capital lease due Share capital 11000 45534 913000 3779322 78511 6516413 B. Identify and explain which of the items given in the balance sheet created high impact for CTA (2Marks) C. Advice the company regarding the steps to be taken by them to reduce the impact of such items on CTA in future. (2 Marks)