1. The Company has investments in 30,000,000 equity shares of its 100%
subsidiary Balaji Motion Pictures Limited (BMPL) at cost of Rs.3,000
Lacs. As per the latest audited balance sheet of BMPL for the year
ended March 31, 2011, the accumulated losses have partly eroded its net
worth. However, no provision for diminution in the value of the
investment is necessary in view of the investment being long term and
of strategic importance and the diminution in the value being on
account of temporary factors
Notes:
There are no provision for doubtful debts, amounts written off or
written back during the year in respect of debts due from or due to
related parties
II. Column number represents,
1. Subsidiary companies
2. Key management personnel
3. Relative of key management personnel
9. Segment Information
(A) Information about primary segments
The Company has considered business segment as the primary segment for
disclosure. The reportable business segments are as under: (a)
Commissioned Programmes : Income from sale of television serials to
channels
(B) Segment information for secondary segment reporting (by
geographical segment)
The Company has two reportable geographical segments based on location
of customers i) Revenue from customers within India - loca
2. Lease Transactions
b) The Company has also taken certain premises on cancellable operating
lease basis
c) Amount of lease rentals charged to the Profit and Loss Account in
respect of operating leases is Rs. 807.58 Lacs (previous year Rs. 875.18
Lacs).
3. Employee Benefits
a) Defined Contribution Plans
Both the employees and the Company make predetermined contributions to
the provident fund. Amount recognised as expense amounts to Rs. 88.94
Lacs (previous year Rs. 75.48 Lacs)
4. Discontinued Operations
The Company has obtained shareholders approval via resolution passed
through postal ballot on February 18, 2011 to sell and transfer as a
going concern, on slump sale basis on such terms and conditions as are
negotiated by the Board and/or the Managing Director, it''s Mobile,
Internet and Education Divisions (Collectively the Undertakings) at
not less than fair value determined by an independent firm of Chartered
Accountants or any other professional valuer and with effect from such
date and in such manner as may be determined by the Board and/ or the
Managing Director. The Board and/ or the Managing Director has also
been authorised to do such acts, deeds and things for completing the
sale and transfer of the Undertakings. Accordingly, the above
undertakings are considered as ''discontinuing operations'' in terms of
Accounting Standard 24 on ''Discontinuing Operations'' (AS 24)
5. As per information available with the Company, none of the
creditors have confirmed that they are registered under the Micro, Smal
and Medium enterprises Development Act, 2006. Accordingly, disclosure
as required by the said Act is made on that basis
6. Figures of the previous year have been regrouped wherever
necessary to correspond with those of the current year.
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