The Parent Co. (P) acquired 100% shares of the Subsidiary Co. (S) on 1st January 2007 when the reserves of the company were worth Rs 90. Goodwill has been

Impaired by Rs. 32.

Balance Sheet as on 31st December 2008

P S

Rs Rs

Fixed Assets 1,000 600

Investment in S 500

Dividend Receivable 100

Other Current Assets 300

Current Assets 400 200

Loan to S 200__________________

2,100 800

Share Capital 1,200 320

Reserves 700 150

Loan from P 200

Dividend Payable 100

Other Current Liabilities 30___

Current Liabilities 200 130

2,100 800

Required: Prepare the consolidated Balance Sheet as at 31/12/2008