a 44 645 60 R R S B. BONUS SHARES Illustration 13: Bonus issue - Before and After On 31.03.2003, R Ltd acquired 1,05,000 Shares of S Ltd. for Rs. 12,00,000. The Balance Sheet of S Ltd. on that date was as under - (Rs.000's) Liabilities Rs. Assets Rs. 1,50,000 Equity Shares of Rs.10 each fully paid 1,900 Fixed Assets 1,050 Pre-Incorporation Profits 30 Current Assets Profit & Loss Account Creditors 105 Total 1,695 Total 1,695 On 31.03.2009, the Balance Sheets of the two Companies were as follows - (Rs.000's Liabilities s Assets Equity Shares of Rs.10 each fully paid 4,500 1,500 Fixed Assets 7,920 2,310 (before Bonus Issue) 1,05,000 Equity Shares in 1,200 Securities Premium S Ltd. at Cost Pre-Incorporation Profits 30 Current Assets 4,410 1,755 General Reserve 6,000 1,905 Profit and Loss Account 1,575 Creditors Total 13,530 4,065 Total 13,530 4,065 Directors of S Ltd. made a bonus issue on 31.03.2009 in the ratio of one Equity Share of Rs.10 each fully paid for every two Equity Shares held on that date. Calculate as on 31.3.2009 (1) Cost of Control/Capital Reserve; (ii) Minority Interest: (iii) Consolidated Profit and Loss Account in each of the following cases: (1) Before issue of Bonus Shares; (2) Immediately after the issue of Bonus Shares. It may be assumed that Bonus Shares were issued out of Post-Acquisition Profits by using General Reserve. Prepare a Consolidated Balance Sheet after the Bonus Issue. 900 420 210 555