Model: Investments in different dates. The balance sheets of a holding company (H Ltd.) and its subsidiary (S Ltd.) at 31 December 2010 are as follows:

Particulars

X Ltd.Rs.

Y Ltd.Rs.

Equity Share of Rs.10 Each Fully Paid

12,00,000

6,00,000

Profit & Loss Account at 31 December 2008

6,00,000

3,00,000

Net Profit (Loss) 2009

3,60,000

(1,20,000)

Net Profit 2010

1,20,000

1,80,000

Creditors

3,00,000

1,20,000

25,80,000

10,80,000

Investments in S Ltd. as Cost

7,80,000

Other Assets

18,00,000

10,80,000

25,80,000

10,80,000

On 31 December 2008, H Ltd. acquired 36,000 shares in S Ltd. for Rs.6,00,000. On 31 December 2009, it acquired a further 12,000 shares for Rs.1,80,000.

No dividends have been paid or proposed by either company in relevant years. Prepare a consolidated balance sheet of the group as at 31 December 2010.