Model: Pre-acquisition loss The balance sheet of H Ltd. and its subsidiary S Ltd. as on 31 December 2010 were as follows:

Liabilities

H Ltd.
Rs.

S Ltd.
Rs.

Assets

H Ltd.
Rs.

S Ltd.
Rs.

Share Capital:

Sundry Assets

80,000

50,000

Shares of Z10 Each

50,000

30,000

Investments:

General Reserve

20,000

2,000 Shares in S Ltd.

20,000

Profit & Loss Account

20,000

9,000

Creditors

10,000

11,000

1,00,000

50,000

1,00,000

50,000

The shares were purchased by H Ltd. and S Ltd. in 30 June 2010. On 1 January 2010, the P&L A/c of S Ltd. showed a loss of Rs.15,000 which was written off from out of the profits earned during the year. Profits are earned uninformally over the year 2010. Prepare a consolidated balance sheet of H Ltd. and S Ltd. as on 31 December 2010 giving all workings.