prepare consolidated balance sheet as per IND AS

The Balance Sheets of Sun Ltd. and Moon Ltd. as on 31.3.2015 are given below. Particulars Sun Ltd. Moon Rs. I. EQUITY AND LIABILITIES Shareholders' funds (a) Share Capital Equity shares of Rs. 10 each (b) Reserves &Surplus Other Reserve (General reserve) Surplus (P&L a/c) 2 Current liabilities |(a) Trade payables Bills Payable Ltd. Rs. 120,000 100,000 20,000 12,000 36,000 20,000 4,000 2,000 158,000 7,000 5,000 TOTAL 168,000 IL.ASSETS 1 Non-current assets (a) Fixed Assets (b) Non-current investments (i) Trade Investment Investment in equity instruments (8000 shares in Moon Ltd. @ Rs. 11) 2 Current Assets |(a) Inventories (b) Trade receivables Bills receivable c) Cash and cash equivalents 44,000 84,000 88,000 10,000 40,000 15,000 6,000 16,000 13,000 168,000 4,000 6,000 158,000 TOTAL ng Shares were purchased on 1.4.2012. When the shares were purchased General Reserve and Profit and Loss Accouunt Moon Ltd. stood at 30,000 and 16,000 respectively. Dividends have been paid @ 10% every year after acquisition of shares, first dividend being paid out of pre-acquisition profits. No dividend has been proposed for 2014-2015 as vet and no provision need be made in consolidated Balance Sheet. Sun Ltd. has credited all dividends received to Profit and Loss Account. On 31.3.2015, Bonus shares has been declared by Moon Ltd. @ 1 fully paid share for 5 held, but no effect has been given to that in the above accounts. The Bonus was declared out of profits earned prior to 1.4.2012 from General Reserve. When the shares were purchased, agreed evaluations of Fixed Assets of Moon Ltd. was 1,08,000 although no effect has been given thereto in accounts. Depreciation has been charged @ 10% p.a. on the book value as on 1.4.2012, (on straight line method), there being no addition or sale since then. Out of current profits, 2000 has been transferred to general reserve every year. Bills receivable of Sun Ltd, include 2000 bills accepted by Moon Ltd and bills discounted by Sun Ltd but not yet matured include 1500 accepted by Moon Ltd. Sundry creditors of Sun Ltd, include 2000 due to Moon Ltd. whereas Sundry Debtors of Moon Ltd include 4000 due from Sun Ltd. it is found that Sun Ltd has remitted a cheque of 2000, which has not yet been received by Moon Ltd. Contingent liability of Sun Ltd: Bills discounted not yet matured 2,500 2019/7/20 14:30