Financial Reporting - September 2025

1. R Limited is a subsidiary of Z Limited, Their re: Spective balance sheet as at _14 31% March, 2025 is as under : Note| Z Ltd. RLta. | No. | (in lakhs) | (® in lakhs) , L Assets () Non-current assets (i) Property, plant and equipment 4 450 248 (ii) Intangible assets 5 up) 45 (iii) Investments Sip) 68 QD) Current assets (i) Inventories 75 75 (ii) | Trade receivables 6 110 120 (iii) Cash and cash-equivalents 85…

Z Ltd. acquired 12,00,000 equity shares of R Ltd. on 1* April, 2024 and | further acquired 13,50,000 equity shares of R Ltd. on 1% January, 2025 at’ a cost of & 1,44,00,000 and & 1,55,25,000 respectively. (b) The Preference share capital of R Ltd. includes nominal value of % 22,50,000 held by Z Ltd. acquired on 1* April, 2024 at a cost of 2 54,00,000. (c) The retained earnings of R Ltd. had A credit balance of % 45,00,000…

Convertible 10 Debentures with a face value of % 100/- each maturing on 31 March, 2026. The debentures are convertible into equity shares of Galaxy Limited at the option of the holder at a conversion price of % 105/- per share or are redeemable at face value of & 100/- each. Interest is payable annually in cash. At the date of issue, Galaxy Limited could have issued non-convertible debt with a 5 years term bearing a coupon interest rate of…

XYZ Ltd. operates a defined Tetirement benefits plan on behalf of current and former employees. XYZ Ltd. receives advice from actuaries tegarding contribution levels and overall liabilities of the plan to pay benefits. On 15 April, 2024, the actuaries advised that the present value of the defined benefit obligation was % 90 lakhs. On the same day, the fair value of the assets of the defined benefit plan was % 78 lakhs. On 1* April, 2024, the annual market yield…

(a) R Limited commenced the Construction of a factory building on 6 1* January, 2023. The Construction process is expected to take about 18 months from 1* January, 2023 to 30% June, 2024. The factory building meets the definition of a qualifying asset. R Limited has incurred the following expenditure for the construction : Amount (®Aakhs) 1* January, 2023 10 30" June, 2023 40 31% March, 2024 30 30" June, 2024 20 On 1* July, 2023, R Limited obtained a…

2023, Shivank Limited entered into a contract with Amey Limited to build an asset for consideration of % 1,20,00,000 with a bonus of % 35,00,000 if the asset is completed within 30 months, At the inception of the contract, Shivank Limited correctly accounted for the promised bundle of goods and services as a single performance obligation (11) in accordance with Ind AS 1 15 and expected the costs to be % 71,00,000. At the same time, it was concluded that…

Which specific Computer Technology can be used in under-mentioned 5 Scenarios to reduce burden and streamline the process ? Give reasons in support of your answer. (i) Koyal Ltd. has 8 subsidiaries including 2 foreign subsidiaries and 2 foreign associate companies, each maintaining their own financial data independently. Koyal Ltd. prepares consolidated financial Statements in accordance with Ind AS 110 every year. This whole Process needs to be accurate, consistent and completed in time, Koyal Ltd. is struggling for the…