On 31 March 2011, the balance sheets of H Ltd. and S Ltd. stood as follows:

Liabilities

H Ltd.
Rs.

S Ltd.
Rs.

Assets

H Ltd.
Rs.

S Ltd.
Rs.

Authorized Capital

Plant & Machinery

7,623

7,350

Equity Share Capital: Issued

15,000

9,000

Furniture & Fittings

1,845

894

& SubscribXed:

Equity Shares of 310 Each Fully Paid

12,000

7,200

Investment in Equity shares of 5 Ltd

4,500

General Reserve

2,784

2,070

Stock

2,949

2,658

Profit & Loss A/c

3,915

2,430

Debtors

2,100

2,049

Bills Payable

372

240

Bills Receivable

360

285

Sundry Creditors

1,461

1,281

Cash & Bank Balances

1,230

306

Provision for Taxation

660

540

Sundry Advances

780

570

Other Provisions

195

51

21,387

13,812

21,387

13,812

Following additional information is available:

  1. H Ltd. purchased 270 thousands equity shares in S Ltd. on 1 April 2010 at which date the following balances stood in the books of S Ltd.:
    General reserve: Rs.4,500 thousands; P&L A/ c: Rs.1,989 thousands
  2. On 14 July 2010, S Ltd. declared a dividend of 20% out of pre-acquisition profits and paid corporate dividend tax (including surcharge) as 11%. H Ltd. credited the dividend received to P&L A/c.
  3. On 1 November 2010, S Ltd. issued three fully paid equity shares of Rs.10 each forevery five shares held as bonus shares out of pre-acquisition general reserve.
  4. On 31 March 2011, the stock of S Ltd. included goods purchased for Rs.150 thousands from H Ltd., which had made a profit of 25% on cost. Prepare a consolidated balance sheet as on 31 March 2011. [C.A. (Final). 2002 Modified]