Glory Format Of Consolidated Balance Sheet Of Holding Company

Say you have 450000 in total assets between your parent company and your subsidiary.

Format of consolidated balance sheet of holding company. Steps for preparing consolidated balance Sheet of the holding company and its subsidiary company. Consolidated balance sheet of holding company and its subsidiaries. P Ltd acquired Q Ltd on 112018.

Intrinsic share value of the holding company can be calculated directly from the Consolidated Balance Sheet. 60000 x 2340000 Rs66667-Rs40000Rs26667 Rs60000 x 13. Total share capital of Subsidiary company XXXXX.

The balance sheet appears as follows. Under Indian Company Act there is no need to prepare combined or consolidated final accounts of holding and subsidiary company in the books of holding company but holding company attaches the copy of balance sheet one copy of profit and loss account and one copy of audit report of subsidiary company with his final accounts doc. In the left-hand column youll want a section for assets liabilities and equity.

1st Step Add all the assets of subsidiary company with the assets of holding company. Obtain in a simplified way the total values of assets and liabilities detailed also in current non-current permanent etc in addition to your net worth. When some of the shares of the subsidiary company are held by outsiders other than the holding company their interest in the subsidiary company is called as Minority Interest in subsidiary company.

A consolidated balance sheet should always begin with a statement of the parent company name the name of its subsidiary the words consolidated balance sheet and the date. A consolidated balance sheet is usually prepared by the business operating as a group of companies that have more than one subsidiary and it portrays the combined details of assets and liabilities. The Time interval between the date of acquisition of shares in subsidiary company and date of Balance Sheet of Holding Company is known.

However assets and liabilities are straight forward ie. But in England it is a must on the part of the holding company to prepare the consolidated balance sheet in addition to its normal balance sheet. By way of Consolidated Balance Sheet the investments of the holding company in the subsidiary company are replaced by net assets.