On 1 st April, 20X1, PQR Ltd. acquired 30% of the voting ordinary shares of XYZ Ltd. for 8,000 crore. PQR Ltd. accounts its investment in XYZ Ltd.…

On 1 st April, 20X1, PQR Ltd. acquired 30% of the voting ordinary shares of XYZ Ltd. for 8,000 crore. PQR Ltd. accounts its investment in XYZ Ltd. using equity method as prescribed under Ind AS 28. At 31 st March, 20X2, PQR Ltd. recognised its share of the net asset changes of XYZ Ltd. using equity accounting as follows: (₹ in crore) Share of profit or loss 700 Share of exchange difference in OCI 100 Share of revaluation reserve of PPE in OCI 50 The carrying amount of the investment in the associate on 31 st March, 20X2 was therefore - 8,850 crore (8,000 + 700 + 100 + 50). On 1 st April, 20X2, PQR Ltd. acquired the remaining 70% of XYZ Ltd. for cash - 25,000 crore. The following additional information is relevant at that date: (₹ in crore) Fair value of the 30% interest already owned 9,000 Fair value of XYZ's identifiable net assets 30,000 Analyze the transactions mentioned above and choose the most appropriate option in the below questions 11 to 15 in line with relevant Ind AS: