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BRILLIANT’S Long Term Financing and Valuation of Goodwill & Shares 203

` 41,400
Expected Rate of Dividend =  100 = 10.35 %
4,00,000
ExpectedRateof Dividend 10.35%

Value per Share   Paid up Value   ` 10 = ` 10.35
NormalRateofReturn 10%
Illustration 3.1.7
The Balance Sheet of Mario Ltd. as at 31.3.2016 is given below:
31.3.2016 H$mo ‘m[a¶mo {b{‘Q>oS> H$s ~¡b|g erQ> ZrMo Xr J¶r h¡…
Balance Sheet of Mario Ltd. as at 31 March, 2016
31 ‘mM© 2016 ‘m[a¶mo {b{‘Q>oS> H$s ~¡b|g erQ>

Particulars Note No. Amount
({ddaU) (ZmoQ> g§.) (am{e)
(`)

I. EQUITY AND LIABILITIES / Bp³dQ>r Am¡a bm¶{~{bQ>rO
(1) Shareholder's Funds / eo¶a hmoëS>g© H$m ’§$S:

(a) Share Capital / eo¶a H¡${nQ>b (1) 20,00,000
(b) Reserves and Surplus - General Reserve
[aOd© Am¡a gaßbg - OZab [aOd© (2) 26,40,000

(2) Share Application Money Pending Allotment:
eo¶a EpßbHo$eZ ‘Zr n|qS>J Abm°Q>‘|Q> -
(3) Non-current Liabilities / Zm°Z-H$a§Q> bm¶{~{bQ>rO: -
(4) Current Liabilities / H$a§Q> bm¶{~{bQ>rO:
(a) Trade Payables - Sundry Creditors
Q´>oS> noE~ëg-g§S´>r H«o${S>Q>g© 1,92,000
TOTAL / Hw$b 48,32,000

II. ASSETS / AgoQ²>g
(1) Non-current Assets / Zm°Z-H$a§Q> AgoQ²>g:

(a) Fixed Assets / {’$³ñS> AgoQ²>g
(i) Tangible Assets / Q>¢{O~b AgoQ²>g
Building at cost / {~pëS>¨J EQ> H$m°ñQ> 3,20,000
Less: Depreciation Fund / S>o{à{gEeZ ’§$S> 40,000 2,80,000
Furniture at Cost / ’$ZuMa EQ> H$m°ñQ> 12,000