AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31.03.2002 (Rs. In Lakhs)
.
.
9 months
ended
31.12.2001
3 months
ended
31.03.2002
3 months
ended
31.3.2001
Accounting
Year ended
31.3.2002
Accounting
Year ended
31.3.2001
1
Net Sales / Income from Operations
7747.20
3282.31
1435.61
11029.51
4888.25
2
Other Income
76.66
204.75
42.19
281.41
79.14
3
Total Expenditure
(Increase) / decrease in stock in trade
Cost of Production and Telecast Fees
Staff Cost
Other expenditure
168.49
4006.87
118.75
407.88
(24.99)
1493.98
72.14
189.14
(209.80)
1666.25
17.35
96.34
143.50
5500.85
190.89
597.02
(240.83)
4023.40
89.10
252.67
4
Interest
3.08
0.79
0.26
3.87
66.17
5
Depreciation
75.71
30.88
16.01
106.59
33.70
6
Profit (+) / Loss(-) Before Tax & earlier years adjustments(1+2-3-4-5)
3043.08
1725.12
(108.61)
4768.20
743.18
7
Deferred Revenue Expenditure w/off
235.44
78.48
41.92
313.92
167.69
8
Tax of Earlier year
-
(0.77)
-
(0.77)
9
Provision for taxation
Current
Deferred Tax (Refer Note 4)
800.00
-
775.00
(21.46)
60.00
-
1575.00
(21.46)
140.00
-
10
Net Profit (+) / Loss (-) (6-7-8-9)
2007.64
893.87
(210.53)
2901.51
435.49
11
Paid-up equity share capital (Face Value of the share is Rs. 10)
1030.33
1030.33
1030.33
1030.33
1030.33
12
Reserves excluding revaluation reserves
-
-
-
5585.09
3374.59
13
EPS for the period, for the year to date and for the previous year (not annualized)
19.49
8.67
(2.04)
28.16
4.23
14
Aggregate of Non-promoter Shareholding: (Refer Note 6)
- Number of shares
- Percentage of Shareholding
3303790
32.07
3306500
32.09
3303300
32.06
3306500
32.09
3303300
32.06
Segment wise Revenue, Results and Capital Employed (Rs. In Lakhs)
Particulars
3 months ended 31.3.2002
Year ended 31.3.2002
1
Segment Revenue
Commissioned Programs
Sponsored Programs
Total
Less: Inter segment revenue
Total Net Sales / Income from Operations
2778.07
504.24
3282.31
-
3282.31
7964.27
3065.24
11029.51
-
11029.51
2
Segment Results
Profit / (Loss) before tax and interest from each segment
Commissioned Programs
Sponsored Programs
Total
Add: (i) Other Income
Total
Less: (i) Interest
(ii) Other un allocable expenditure
Total Profit before tax and write offs
1672.11
141.21
1813.32
204.74
2018.06
0.79
292.15
1725.12
4427.70
957.47
5385.17
281.40
5666.57
3.87
894.50
4768.20
3
Capital Employed
(Segment assets – Segment Liabilities)
(Refer Note No. 5)
* Net of Deferment
Notes
The above results were taken on record by the Board of Directors at their meeting held on 24th May, 2002.
The Board has recommended final dividend of 50% (Rs. 5 per share) for the year ended 31st March, 2002 (which includes 25% (Rs. 2.50 per share) interim dividend declared and paid during the year) on the paid-up equity share capital of the Company, subject to the approval of members at the ensuing annual general meeting of the Company.
The figures for the three months ended 31/3/2002 are not comparable with the corresponding quarter of the previous year due to change in the accounting policy wherein entire cost of production of serials in respect of which the Company retains IPRs, was written in the last quarter of the previous year. The Company continues to write off the entire cost of production of serials in the current year.
As per Accounting Standard (AS-22) issued by ICAI, Company has provided for Deferred Tax liability of Rs. (21.46) Lakhs for the year ended as on 31/03/2002. Deferred tax Liability up to 31/03/2001 amounting to Rs. 149.58 Lakhs has been adjusted to the balance in the Profit & Loss Account.
Fixed Assets used in the Company's operations or liabilities contracted have not been identified to any of the reportable segments, as the fixed assets are used interchangeably between segments. The Company believes that it is currently not practicable to provide segment disclosures relating to total assets and liabilities since a meaningful segregation of the data is onerous.
The Aggregate Non-promoter Shareholding has gone up post March 31, 2002 due to sale of 10,41,600 Equity Shares, representing 10.11% of the total paid-up capital of the Company by the promoters of the Company on 29th April, 2002.
Corresponding figures of the previous period have been regrouped / restated, wherever necessary.
Statement pursuant to Clause 43 of Listing Agreement Utilization of IPO proceeds of Rs. 3644.23 Lacs
(Rs. In Lakhs)
Projected Utilization
up to 31.03.2002
Actual Utilization
up to 31.03.2002
Equipment & Miscellaneous Assets
1994.00
1167.24
Buildings and Locations (incl. Advances)
750.00
736.28
Lease Rental Deposit
600.00
716.78
Preliminary & Issue Expenses
400.00
348.66
The surplus funds are currently invested in Debt Mutual Funds .
Place: Mumbai
Date:24th May, 2002
By Order of the Board For Balaji Telefilms Limited
