From the following details, prepare a consolidated balance sheet of H Ltd. and its subsidiary S Ltd. as on 31 December 2010.

Liabilities

H Ltd.
Rs.

S Ltd.
Rs.

Assets

H Ltd.
Rs.

S Ltd.
Rs.

Share Capital:

Buildings

2,90,000

1,00,000

Shares of 310 Each

4,00,000

1,20,000

Plant

1,20,000

50,000

General Reserve

1,00,000

30,000

Stock

80,000

20,000

Profit & Loss A/c

50,000

42,000

Debtors

70,000

30,000

16% Debentures

1,40,000

Bills Receivable

30,000

20,000

Creditors

30,000

20,000

Bank

20,000

10,000

Bills Payable

10,000

18,000

Investment in S Ltd. (2,000

1,20,000

Shares)

7,30,000

2,30,000

7,30,000

2,30,000

On the date of acquisition of shares by H Ltd. in S Ltd., the latter had undistributed profits of Rs.18,000 and reserve of Rs.12,000. The values of buildings and plant of S Ltd. were considered as Rs.1,30,000 and Rs.32,000, respectively. No purchase or sale of these assets after the acquisition of shares. Depreciation may be ignored. Debtors of H Ltd. include Rs.10,000 due from S Ltd. and also bills payable of H Ltd. includes a bill of Rs.6,000 accepted in favour of S Ltd.