Mathur India Private Limited has to present its first financials under Ind AS for the year ended 31st March, 20X3. The transition date is 1st April,…

Computation of balance total equity as on 1st April, 20X1 after transition to Ind AS in crore Share capital- Equity share Capital 80 Other Equity General Reserve 40 Capital Reserve 5 Retained Earnings (95-5-40) 50 Add: Increase in value of land (10-4.5) 5.5 Add: De recognition of proposed dividend (0.6 + 0.18) 0.78 Add: Increase in value of Investment 0.75 57.03 Balance total equity as on 1st April, 20X1 after transition to Ind AS 182.03 Reconciliation between Total Equity as per AS and Ind AS to be presented in the opening balance sheet as on 1st April, 20X1 in crore Equity share capital 80 Redeemable Preference share capital 25 Reserves and Surplus 105 Total Equity as per AS 200 Adjustment due to reclassification Preference share capital classified as financial liability (25) Adjustment due to derecognition Proposed Dividend not considered as liability as on 1st April 20X1 0.78 Adjustment due to remeasurement Increase in the value of Land due to remeasurement at fair value 5.5 Increase in the value of investment due to remeasurement at fair value 0.75 6.25 Equity as on 1st April, 20X1 after transition to Ind AS 182.03