Moose Limited has decided to present its first financials under Ind AS for the year ended 31st March 2025. The date of transition of Moose Limited…

Moose Limited has decided to present its first financials under Ind AS for the year ended 31st March 2025. The date of transition of Moose Limited to Ind AS is 1st April 2023. The following adjustments were made by Moose Limited upon transition to Ind AS: (i) The Company opted to fair value its land as on the date on transition. The fair value of the land as on 1st April 2023 was - 12.00 crores. The carrying amount of the said land as on 1st April, 2023 under the existing GAAP was - 6.00 crores. (ii) The Company had recognised a provision for proposed dividend of 40.00 lakhs and related dividend distribution tax of 12.00 lakhs for the year ended 31st March, 2023. It was written back as on transition opening balance sheet date. (iii) The Company decided to show its investment in equity shares at fair value on the date of transition. The increase on account of fair valuation of shares is 50.00 lakhs. (iv) The Company has an Equity Share Capital of 100.00 crores and Redeemable Preference Share Capital of 25.00 crores. (v) The reserves and surplus as on 1st April 2023 before transition to Ind AS was 110.00 crores representing - 60.00 crores of General Reserve and - 10.00 crores of Capital Reserve created because of a business combination and balance is surplus in the Retained Earnings. (vi) The company identified that the preference shares were in nature of financial liabilities. Compute the balance of Total Equity (Equity share capital and other equity) as on 1st April 2023 after transition to Ind AS. Show reconciliation between total equity as per AS (Accounting Standards) and as per Ind AS to be presented in the opening balance sheet as on 1st April 2023. Ignore impact of deferred tax.