Consolidated financial statement
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 August 2011
Dear Sirs,
We recently acquired 100% equity a company and we paid consideration of Rs. 10.00 Crores to their shareholder and Share Capital of acquired company is 7.00 Crores. In holding company financial statements we are showing Rs.10.00 crores as Investments.
now we are preparing consolidated financial statements so can any body help me for treatment of investments in consolidated financial statements.
Dear Sirs,
We recently acquired 100% equity a company and we paid consideration of Rs. 10.00 Crores to their shareholder and Share Capital of acquired company is 7.00 Crores. In holding company financial statements we are showing Rs.10.00 crores as Investments.
now we are preparing consolidated financial statements so can any body help me for treatment of investments in consolidated financial statements.
27 September 2011
There may also be the reserve and surplus in the company
if no reserve and surplus
Rs 3 crore will be shown as Goodwill as per AS 21
plz mention the nomenclature as Goodwill as per AS 21
if no reserve and surplus
Rs 3 crore will be shown as Goodwill as per AS 21
plz mention the nomenclature as Goodwill as per AS 21
27 September 2011
If there are reserve and surplus and miscellaneaous expenditure
The Goodwill/(Capital Reserve) wud be
RS 10 crore- Rs 7 Crore (share capital)-Reserve and surplus +miscellaneaous expenditure
The Goodwill/(Capital Reserve) wud be
RS 10 crore- Rs 7 Crore (share capital)-Reserve and surplus +miscellaneaous expenditure
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