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Balaji Telefilms
BSE: 532382|NSE: BALAJITELE|ISIN: INE794B01026|SECTOR: Media & Entertainment
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Explore Balaji Telefilm connections « Mar 10
Notes to Accounts Year End : Mar '11
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.
Source : Dion Global Solutions Limited
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