Deccan Chronicle Holdings

1.1.  Contingent Liabilities not provided for
 
                                                            (Rs. in Lakhs)
                                                           2008-09  2007-08
 Guarantees given by Banks towards performance & contractual 86.68   95.87
 
 commitments: Letters of credit
 
 1.2.  Debenture redemption reserve
 
 The company created debenture redemption reserve as per the provisions
 of section 117C of the Companies Act, 1956 amounting to Rs. 1,762.24
 lakhs.
 
 1.3.  Investment in subsidiaries
 
 During the year the company subscribed to 500 lakhs shares of Rs. 10/-
 each, of Deccan Chargers Sporting Ventures Limited amounting to Rs.
 5,000 Lakhs.
 
 1.4.  Dues to micro and small enterprises
 
 The management has initiated the process of identifying enterprises
 which have provided goods and service to the Company and which qualify
 under the definition of micro and small enterprises, as defined under
 Micro, small and Medium Enterprises Development Act, 2006. Based on
 information received and available with the company no amount is
 payable to such enterprises as at 31st March 2009. The company has not
 received any claim for interest from any supplier under the said Act.
 
 1.5.  Gratuity
 
 Gratuity, which is a defined benefit plan, is provided as per actuarial
 valuation, determined by an independent actuary, as on the balance
 sheet date. The total amount of gratuity accrued as per the actuarial
 valuation is Rs. 648.56 lakhs.
 
 1.6. Earning Per Share (EPS)
 
 Basic and diluted earnings per share is Rs. 5.72, computed using the
 profit after tax attributable to shareholders of Rs. 14,007.09 Lakhs
 for the year as numerator and weighted average number of equity shares
 outstanding for the period i.e. 24,48,77,545 as denominator.
 
 1.7. Interim Financial Reporting
 
 In terms of the Accounting Standard 25 and Clause 41 of the Listing
 Agreement entered with the stock exchanges, the Company published
 interim financial results (limited review) of quarters ended June 08,
 September 08 and December 08.  The Company published the audited
 results for the year on June 26, 2009.
 
 1.8.  Impairment of assets
 
 In the opinion of the management, there are no impaired assets
 requiring provision for impairment loss as per the accounting standard
 on impairment of assets.
 
 2.  Consolidated Financial Statements
 
 Pursuant to clause 32 of the Standard Listing Agreement entered with
 the Stock Exchanges, Accounting Standard 21 and as per the provisions
 of Sec 212(e) of the Companies Act, 1956, audited financials of the
 Subsidiary Companies for the year 2008-09 were consolidated and annexed
 herewith.
 
 3.  Previous year figures have been recast/ restated wherever necessary