On March 31, 2011 Hanging Limited (HL) acquired 3,000 equity shares of ₹10 each of Flat Limited (FL) at a total market value of ₹ 35,000 crore. The balance sheet of both the companies on March 31, 2011 is as follows:

Out of the debtors and bills receivables of HL ₹7,500 crore and ₹2,400 crore, respectively represents due from FL. Land and building of FL has fair value ₹30,000 crore and plant and machinery has fair value of 12,000 crore. Prepare consolidated balance sheet as on March 31, 2011.

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Liabilities Equity shares of face value *10 each General reserve P & La/c Creditors Bills payable Balance Sheet as on March 31, 2011 HL 1,50,000 63,000 39,000 36,000 12,000 3,00,000 FL 30,000 15,000 12,750 13,800 9,000 80,550 Assets Land and building Plant and machinery Stock Debtors Investment Bills receivables Bank Cash (Rupees in crore) FL HL 1,05,000 75,000 30,000 45,000 35,000 3,000 4,000 3,000 3,00,000 25,500 15,000 6,000 20,250 4,500 7,500 1,800 80,550