AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31.03.2003 (Rs. In Lakhs)
.
.
9 months
ended
31.12.2002
3 months
ended
31.03.2003
3 months
ended
31.3.2002
Accounting
Year ended
31.3.2003
Accounting
Year ended
31.3.2002
1
Net Sales / Income from Operations
14143.23
4453.36
3282.31
18596.59
11029.51
2
Other Income
8.61
140.50
204.75
149.11
281.41
3
Total Expenditure
(Increase) / decrease in stock in trade
Cost of Production and Telecast Fees
Staff Cost
Other expenditure
(120.91)
5961.96
137.23
727.96
5.36
2084.76
38.54
332.74
(24.99)
1493.98
72.14
189.14
(115.55)
8046.72
175.77
1060.70
143.50
5500.85
190.89
597.02
4
Interest
5.49
0.40
0.79
5.89
3.87
5
Depreciation
313.43
110.87
30.88
424.30
106.59
6
Profit (+) / Loss (-) Before Tax & earlier years adjustments(1+2-3-4-5)
7126.68
2021.19
1725.12
9147.87
4768.20
7
Deferred Revenue Expenditure w/off
71.89
23.96
78.48
95.85
313.92
8
Tax of Earlier year
-
-
(0.77)
-
(0.77)
9
Provision for taxation
Current
Deferred Tax (Refer Note 4)
2500.00
10.17
703.00
97.41
775.00
(21.46)
3203.00
107.58
1575.00
(21.46)
10
Net Profit (+) / Loss (-) (6-7-8-9)
4544.62
1196.82
893.87
5741.44
2901.51
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
-
-
-
9614.05
5585.09
13
EPS for the period, for the year to date and for the previous year (not annualized)
8.82
2.32
1.73
11.14
5.63
14
Aggregate of Non-promoter Shareholding: (Refer Note 6)
- Number of shares
- Percentage of Shareholding
21746000
42.21
21746000
42.21
16532500
32.09
3306500
32.09
3306500
32.09
Segment wise Revenue, Results and Capital Employed (Rs. In Lakhs)
Particulars
3 months ended 31.3.2003
Year ended 31.3.2003
1
Segment Revenue
Commissioned Programs
Sponsored Programs
Total
Less: Inter segment revenue
Total Net Sales / Income from Operations
3848.51
604.85
2363.24
-
4453.36
16009.82
2586.77
18596.59
-
18596.59
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
2198.93
164.31
2363.24
140.50
2503.74
0.40
482.15
2021.19
9600.58
1064.84
10665.42
149.11
10814.53
5.89
1660.77
9147.87
3
Capital Employed
(Segment assets – Segment Liabilities)
(Refer Note No. 5)
Notes :
The above results were taken on record by the Board of Directors at their meeting held on 22nd May, 2003.
The Board has recommended a final dividend of Rs. 1.50 per share (75% on par value of Rs. 2 per share) for the year ended 31st March 2003, amounting to Rs. 7.73 crores. Including the interim dividend of Rs. 1.50 per share (75% on par value of Rs. 2 per share) amounting to Rs. 7.73 crores, the total dividend recommended for the year is Rs. 3 per share (150% on par value of Rs. 2 per share), amounting to Rs. 15.46 crores, subject to the approval of members at the ensuing annual general meeting of the Company.
With effect from 3rd October, 2002, the Company's shares of face value of Rs. 10 (Ten) each have been sub-divided into five equity shares of Rs. 2 (Two) each credited as fully paid up. Accordingly the EPS & Non - Promoters shareholding figures for the corresponding period in previous year have been reworked based on the face value of Rs.2 (Two).
As per Accounting Standard (AS-22) issued by ICAI, Company has provided for Deferred Tax liability of Rs. 107.58 Lakhs for the year ended 31st March, 2003, out of which an amount of Rs. 40.13 Lakhs pertains to earlier year.
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.
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 Lac
(Rs. In Lakhs)
Projected Utilization
up to 31.03.2003
Actual Utilization
up to 31.03.2003
Equipment & Miscellaneous Assets
2265.00
2018.60
Buildings and Locations (incl. Advances)
870.00
1485.46
Lease Rental Deposit
600.00
654.33
Preliminary & Issue Expenses
400.00
348.66
The surplus funds are currently invested in Debt Mutual Funds .
Place: Mumbai
Date:22nd May, 2003
By Order of the Board For Balaji Telefilms Limited
