GB Limited acquired 80% of equity shares of TB Limited on 1st April, 2018 at a cost of 58,00,000 when TB Limited had an Equity share capital of…

Year Profit / (Loss) Minority Interest (20%) Additional Consolidated P & L (Dr.) Cr. Minority's Share of losses borne by A Ltd. Cost of Control Balance At the time of acquisition in 2018 10,92,800 (W.N.) - 2018-19 (14,50,000) (2,90,000) (11,60,000) 14,28,800 (W.N.) Balance 8,02,800 2019-20 (23,20,000) (4,64,000) (18,56,000) 14,28,800 Balance 3,38,800 2020-21 (29,00,000) (5,80,000) (23,20,000) 14,28,800 (2,41,200) Loss of minority borne by Holding Co. 2,41,200 (2,41,200) 2,41,200 2,41,200 Balance Nil (25,61,200) 2021-22 (6,96,000) (1,39,200) (5,56,800) 14,28,800 Loss of minority borne by Holding Co. 1,39,200 (1,39,200) 1,39,200 3,80,400 Balance Nil (6,96,000) 2022-23 1,90,000 38,000 1,52,000 14,28,800 Profit share of minority adjusted against losses of minority absorbed by Holding Co. (38,000) 38,000 (38,000) 3,42,400 Balance Nil 1,90,000 2023-24 6,80,000 1,36,000 5,44,000 14,28,800 Profit share of minority adjusted against losses of minority absorbed by Holding Co. (1,36,000) 1,36,000 (1,36,000) 2,06,400 Balance Nil 6,80,000 2024-25 12,70,000 2,54,000 10,16,000 (2,06,400) Nil (2,06,400) 2,06,400 Balance 47,600 12,22,400 14,28,800 Working Note: Calculation of Minority interest and Cost of control on 1.4.2018 Share of Holding Co. Minority Interest 100% 80% 20% (₹) (₹) (₹) Share Capital 50,00,000 40,00,000 10,00,000 Reserve 4,64,000 3,71,200 92,800 43,71,200 10,92,800 Less: Cost of investment: (58,00,000) Goodwill: 14,28,800