bccl_391909

Bennett Coleman And Company LimitedStandalone Statement of Profit & Loss for period 01/04/2013 to 31/03/2014

[400100] Disclosure of general information about company

Unless otherwise specified, all monetary values are in Crores of INR01/04/2013

to 31/03/2014

01/04/2012 to

31/03/2013

Name of company Bennet t Coleman And Company Limited

Corporate identity number U22120MH1913PLC000391

Permanent account number of entity AAACB4373Q

Address of registered office of company Times Of India Bldgd N Road , Mumbai , Maharashtra , MAHARASHTRA , INDIA

Type of industry C o m m e r c i a l a n d Industrial

Date of board meeting when final accounts were approved 13/08/2014

Period covered by financial statements 12 Months

Date of start of reporting period 01/04/2013 01/04/2012

Date of end of reporting period 31/03/2014 31/03/2013

Nature of report standalone consolidated Standalone

Content of report Statement of Profit & Loss

Description of presentation currency INR

Level of rounding used in financial statements Crores

Type of cash flow statement Indirect Method

Disclosure of principal product or services [Table] ..(1)

Unless otherwise specified, all monetary values are in Crores of INRTypes of principal product or services [Axis] 9961_A213 9983_A214

01/04/2013 to

31/03/2014

01/04/2013 to

31/03/2014Disclosure of general information about company [Abstract] Disclosure of principal product or services [Abstract] Disclosure of principal product or services [LineItems] Product or service category (ITC 4 digit) code 9961 9983

Description of product or service category WHOLESALETRADE SERVICES

O T H E RPROFESSIONAL,TECHNICAL ANDBUSINESSSERVICES

Turnover of product or service category 583.25 4,683.8

Highest turnover contributing product or service (ITC 8 digit) code 99611512 99836310

Description of product or service Newspapers&Periodicals in print

Sale of Advertisingspace in Print media

Turnover of highest contributing product or service 583.25 4,683.8

2

Bennett Coleman And Company Limited Standalone Statement of Profit & Loss for period 01/04/2013 to 31/03/2014

[100200] Statement of profit and loss


to 31/03/2014

01/04/2012 to

31/03/2013Statement of profit and loss [Abstract] Disclosure of revenue from operations [Abstract] Disclosure of revenue from operations for other than finance company [Abstract] Revenue from sale of products 58.59 52.38

Revenue from sale of services 5,288.61 4,796.19

Other operating revenues 206.43 193.06

Total revenue from operations other than finance company 5,553.63 5,041.63

Total revenue from operations 5,553.63 5,041.63

Other income 105.99 108.79

Total revenue 5,659.62 5,150.42

Expenses [Abstract] Cost of materials consumed 1,538.17 1,464.55

Purchases of stock-in-trade (A) 54.76 (B) 46.45

Changes in inventories of finished goods, work-in-progress and stock-in-trade

0 0

Employee benefit expense 937.17 816.38

Finance costs 32.63 13.07

Depreciation, depletion and amortisation expense [Abstract] Depreciation expense 249.7 227.53

Total depreciation, depletion and amortisation expense 249.7 227.53

Other expenses 1,551.77 1,487.19

Total expenses 4,364.2 4,055.17

Total profit before prior period items, exceptional items, extraordinary items and tax

1,295.42 1,095.25

Total profit before extraordinary items and tax 1,295.42 1,095.25

Total profit before tax 1,295.42 1,095.25

Tax expense [Abstract] Current tax 396.32 330.49

Deferred tax 77.94 25.14

Total tax expense 474.26 355.63

Total profit (loss) for period from continuing operations 821.16 739.62

Total profit (loss) for period before minority interest 821.16 739.62

Total profit (loss) for period 821.16 739.62

Earnings per equity share [Abstract] Basic earning per equity share [INR/shares] 28.62 [INR/shares] 25.77

Diluted earnings per equity share [INR/shares] 28.27 [INR/shares] 25.45

Footnotes (A) Represents: Cost of Traded Products/Services

(B) Represents: Cost of Traded Products/Services

3


[300500] Notes - Subclassification and notes on income and expenses


to 31/03/2014

01/04/2012 to

31/03/2013Subclassification and notes on income and expense explanatory [TextBlock] Disclosure of revenue from sale of products [Abstract] Revenue from sale of products [Abstract]

Revenue from sale of products, gross (A) 58.59 (B) 52.38

Total revenue from sale of products 58.59 52.38

Disclosure of revenue from sale of services [Abstract] Revenue from sale of services [Abstract]

Revenue from sale of services, gross (C) 5,288.61 (D) 4,796.19

Total revenue from sale of services 5,288.61 4,796.19

Disclosure of other operating revenues [Abstract] Other operating revenues [Abstract] Miscellaneous other operating revenues 206.43 193.06

Total other operating revenues 206.43 193.06

Disclosure of other income [Abstract] Interest income [Abstract] Interest income on long-term investments [Abstract] Interest on long-term government securities 0.5 0.5

Interest on other long-term investments 3.74 0.3

Total interest income on long-term investments 4.24 0.8

Total interest income 4.24 0.8

Dividend income [Abstract] Dividend income current investments [Abstract] Dividend income current mutual funds 25.87 21.15

Total dividend income current investments 25.87 21.15

Dividend income long-term investments [Abstract] Dividend income long-term equity securities 9.81 9.83

Total dividend income long-term investments 9.81 9.83

Total dividend income 35.68 30.98

Net gain/loss on sale of investments [Abstract] Net gain/loss on sale of current investments 0.02 0.75

Net gain/loss on sale of long-term investments 0 41.28

Total net gain/loss on sale of investments 0.02 42.03

Rental income on investment property [Abstract] Rental income on investment property, long-term 9.83 9.02

Total rental income on investment property 9.83 9.02

Other non-operating income [Abstract] Net gain/loss on foreign currency fluctuations treated as other income

2.85 7.03

Miscellaneous other non-operating income (E) 53.37 (F) 18.93

Total other non-operating income 56.22 25.96

Total other income 105.99 108.79

Disclosure of finance cost [Abstract] Interest expense [Abstract] Interest expense short-term loans [Abstract] Interest expense short-term loans, banks 0 6.03

Total interest expense short-term loans 0 6.03

Interest expense deposits 0 2.25

Other interest charges 32.63 4.79

Total interest expense 32.63 13.07

Total finance costs 32.63 13.07

Employee benefit expense [Abstract] Salaries and wages 837.13 717.92

Contribution to provident and other funds [Abstract]

4


Contribution to provident and other funds for others 56.91 57.5

Total contribution to provident and other funds 56.91 57.5

Staff welfare expense 43.13 40.96

Total employee benefit expense 937.17 816.38

Breakup of other expenses [Abstract] Consumption of stores and spare parts 70.22 63.99

Power and fuel 51.5 54.82

Rent 67.7 65.25

Repairs to building 51.91 39.32

Repairs to machinery 86.88 79.94

Insurance 4.45 3.57

Rates and taxes excluding taxes on income [Abstract] Other cess taxes 0 0.12

Cost taxes other levies by government local authorities 12.59 8.75

Provision wealth tax 0 1.3

Total rates and taxes excluding taxes on income 12.59 10.17

Electricity expenses 31.11 27.7

Telephone postage 19.61 19.01

Printing stationery 83.97 78.81

Travelling conveyance (G) 101.53 (H) 98.25

Legal professional charges 59.92 53.4

Directors sitting fees 0.06 0.05

Managerial remuneration [Abstract] Remuneration to directors [Abstract] Total remuneration to directors 0 0

Total managerial remuneration 0 0

Donations subscriptions 1.75 0.25

Advertising promotional expenses 265.66 215.04

Cost repairs maintenance other assets 11.5 7.5

Cost information technology [Abstract] Cost software 19.77 20.75

Total cost information technology 19.77 20.75

Cost insurance 0 0

Cost transportation [Abstract] Cost freight 134.17 141.93

Total cost transportation 134.17 141.93

Provision bad doubtful debts created 0 0

Provision bad doubtful loans advances created (I) 53.78 (J) 109.53

Write-off assets liabilities [Abstract] Miscellaneous expenditure written off [Abstract] Total miscellaneous expenditure written off 0 0

Fixed assets written off 0.38 1.47

Inventories written off (K) 1.22 (L) 4.77

Bad debts written off 3.99 13.06

Bad debts advances written off 0 0

Other assets written off 0 0

Liabilities written off 0 0

Total write-off assets liabilities 5.59 19.3

Loss on disposal of intangible asset 0 0

Loss on disposal, discard, demolishment and destruction of depreciable tangible asset

0.93 1.09

Payments to auditor [Abstract]

Payment for audit services (M) 0.41 (N) 0.44

Payment for other services 0.2 0.12

Payment for reimbursement of expenses 0.01 0.06

Total payments to auditor 0.62 0.62

Miscellaneous expenses (O) 416.55 (P) 376.9

Total other expenses 1,551.77 1,487.19

Current tax [Abstract]

Current tax pertaining to previous years (Q) -3.68 (R) -14.51

5


Current tax pertaining to current year 400 345

Total current tax 396.32 330.49

Footnotes (A) Represents : Sale of Traded Products

(B) Represents : Sale of Traded Products

(C) Includes :- 1) Sale of Publications :- Rs. 583.25 (in crores)2) Television Distribution Revenue:- Rs. 21.56 (in crores)3) AdvertisementRevenue :- Rs. 4683.80 (in crores)

(D) Includes :- 1) Sale of Publications :- Rs. 536.78 (in crores)2) Television Distribution Revenue:- Rs. 20.69 (in crores)3) AdvertisementRevenue :- Rs. 4238.71 (in crores)

(E) Includes :-1) Other Interest :- Rs. 10.06 (in crores)2) Miscellaneous Income :- Rs. 43.31 (in crores)

(F) Includes :-1) Other Interest :- Rs. 10.76 (in crores)2) Miscellaneous Income :- Rs. 8.18 (in crores)

(G) Includes :- 1) Travelling :- Rs. 23.27 (in crores)2) Conveyance :- Rs. 78.26 (in crores)

(H) Includes :- 1) Travelling :- Rs. 21.27 (in crores)2) Conveyance :- Rs. 76.98 (in crores)

(I) Represents :- Provision for Doubtful Debts, Loans, Advances & Diminution in value of Long Term Investments

(J) Represents :- Provision for Doubtful Debts, Loans, Advances & Diminution in value of Long Term Investments

(K) Represents :- Obsolete/Non-moving & Damaged Inventories written off

(L) Represents :- Obsolete/Non-moving & Damaged Inventories written off

(M) Includes :- 1) Audit Fees :- Rs. 0.38 (in crores)2) Tax Audit Fees :- Rs. 0.03 (in crores)

(N) Includes :- 1) Audit Fees :- Rs. 0.38 (in crores)2) Tax Audit Fees :- Rs. 0.03 (in crores)3) Circulation Audit Fees :- Rs. 0.03 (incrores)

(O) Includes :- 1) Other Production Expenses :- Rs. 176.02 (in crores)2) Discount :- Rs. 6.83 (in crores)3) Hosting Charges :- Rs.34.84(in crores)4) Event Expenses :- Rs. 84.49 (in crores)5) Other Expenses :- Rs. 78.52 (in crores)6Loss on sale of Non-current Investments(Net):-Rs. 35.85 (in crores)

(P) Includes :- 1) Other Production Expenses :- Rs. 152.91 (in crores)2) Discount :- Rs. 9.12 (in crores)3) Hosting Charges :- Rs.43.59 (incrores)4) Event Expenses :- Rs. 84.49 (in crores)5) Other Expenses :- Rs. 86.32 (in crores)6Loss on sale of Non-current Investments(Net):-Rs. Nil

(Q) Represents Tax adjustments for earlier years

(R) Represents Tax adjustments for earlier years

[300600] Notes - Additional information statement of profit and loss

Details of raw materials, spare parts and components consumed [Table] ..(1)

Unless otherwise specified, all monetary values are in Crores of INRDetails of raw materials, spare parts and components consumed [Axis] Raw materials spare parts and components consumed [Member]

Subclassification of raw materials, spare parts and componentsconsumed [Axis]

Imported and indigenous [Member] Imported [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013 Additional information on profit and loss account [Abstract] Details of raw materials, spare parts and components consumed [Abstract] Details of raw materials, spare parts and components consumed [LineItems] Value consumed 1,600.94 1,531.04 1,135.61 1,108.21

Percentage of consumption 200.00% 200.00% 111.06% 110.30%

6



Unless otherwise specified, all monetary values are in Crores of INR

Details of raw materials, spare parts and components consumed [Axis] Raw materials spare parts andcomponents consumed [Member]

Raw materials consumed [Member]


Indigenous [Member] Imported and indigenous [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013 Additional information on profit and loss account [Abstract] Details of raw materials, spare parts and components consumed [Abstract] Details of raw materials, spare parts and components consumed [LineItems] Value consumed 465.33 422.83 1,538.17 1,464.55



Unless otherwise specified, all monetary values are in Crores of INRDetails of raw materials, spare parts and components consumed [Axis] Raw materials consumed [Member]


Imported [Member] Indigenous [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013 Additional information on profit and loss account [Abstract] Details of raw materials, spare parts and components consumed [Abstract] Details of raw materials, spare parts and components consumed [LineItems] Value consumed 1,111.24 1,084.07 426.93 380.48



Unless otherwise specified, all monetary values are in Crores of INRDetails of raw materials, spare parts and components consumed [Axis] Spare parts consumed [Member]


Imported and indigenous [Member] Imported [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013 Additional information on profit and loss account [Abstract] Details of raw materials, spare parts and components consumed [Abstract] Details of raw materials, spare parts and components consumed [LineItems] Value consumed 62.77 66.49 24.37 24.14



Unless otherwise specified, all monetary values are in Crores of INRDetails of raw materials, spare parts and components consumed [Axis] Spare parts consumed [Member]

Subclassification of raw materials, spare parts and components consumed [Axis] Indigenous [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013 Additional information on profit and loss account [Abstract] Details of raw materials, spare parts and components consumed [Abstract] Details of raw materials, spare parts and components consumed [LineItems] Value consumed 38.4 42.35

Percentage of consumption 61.18% 63.70%

7


Details of raw materials consumed [Table] ..(1)

Unless otherwise specified, all monetary values are in Crores of INRCategories of raw materials consumed [Axis] Raw materials consumed [Member] Raw materials consumed 1 [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013 Additional information on profit and loss account [Abstract] Additional details in case of manufacturing companies [Abstract] Details of raw materials consumed [Abstract] Details of raw materials consumed [LineItems]

Description of raw materials category RAW MATERIALSCONSUMED

RAW MATERIALSCONSUMED



Total raw materials consumed 1,538.17 1,464.55 1,538.17 1,464.55

Details of goods purchased [Table] ..(1)

Unless otherwise specified, all monetary values are in Crores of INRCategories of goods purchased [Axis] Goods purchased [Member] Goods purchased 1 [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013 Additional information on profit and loss account [Abstract] Additional details in case of manufacturing companies [Abstract] Details of goods purchased [Abstract] Details of goods purchased [LineItems]

Description of goods purchased T r a d e dProducts/Services

T r a d e dProducts/Services



Total goods purchased 54.76 46.45 54.76 46.45

8



to 31/03/2014

01/04/2012 to

31/03/2013

Additional information on profit and loss account explanatory [TextBlock] Textual information (1) [See below]

Total changes in inventories of finished goods, work-in-progress and stock-in-trade

0 0

Total gross income from services rendered (A) 5,288.61 (B) 4,796.19

Value of imports of raw materials 1,327.58 983.86

Value of imports of components and spare parts 39.9 35.01

Value of imports of capital goods 91.6(C) 158.05

Total value of imports calculated on CIF basis 1,459.08 1,176.92

Expenditure on royalty 1.47 2.42

Expenditure on professional and consultation fees 14.93 17.66

Expenditure on interest 2.58 0.89

Expenditure on other matters (D) 17.25 (E) 12.33

Total expenditure in foreign currency 36.23 33.3

Total amount of dividend remitted in foreign currency 0 0

Total number of non-resident shareholders [pure] 0 [pure] 0

Total number of shares held by non-resident shareholders on which dividends were due

[shares] 0 [shares] 0

Year to which dividends relate 0 0

FOB value of traded goods exported (F) 2.2 (G) 2.97

Total earnings on export of goods calculated on FOB basis 2.2 2.97

Earnings on other income (H) 58.2 (I) 47.7

Total earnings in foreign currency 60.4 50.67

Domestic sale traded goods (J) 58.59 (K) 52.38

Total domestic turnover goods, gross 58.59 52.38

Total revenue from sale of products 58.59 52.38

Domestic revenue services (L) 5,288.61 (M) 4,796.19

Total revenue from sale of services 5,288.61 4,796.19

Footnotes (A) Includes :- 1) Sale of Publications :- Rs. 583.25 (in crores)2) Television Distribution Revenue:- Rs. 21.56 (in crores)3) Advertisement

Revenue :- Rs. 4683.80 (in crores)

(B) Includes :- 1) Sale of Publications :- Rs. 536.78 (in crores)2) Television Distribution Revenue:- Rs. 20.69 (in crores)3) AdvertisementRevenue :- Rs. 4238.71 (in crores)

(C) Includes :- 1) Capital Goods :- Rs. 157.98 (in crores) 2) Traded Products:- Rs. 0.07 (in crores)

(D) Includes :- 1) Travel :- Rs. 2.69 (in crores) 2) Subscription :- Rs. 6.89 (in crores) 3) Others:- Rs. 7.67 (in crores)

(E) Includes :- 1) Travel :- Rs. 2.22 (in crores) 2) Subscription :- Rs. 5.57 (in crores) 3) Others:- Rs. 4.54 (in crores)

(F) Includes:(a)Publications =Rs.1.94 (in crores)(b)Cassettes / CDs= Rs. 0.26 (in crores)

(G) Includes:(a)Publications =Rs.1.99 (in crores)(b)Cassettes / CDs= Rs. 0.98 (in crores)

(H) Includes:(a)Advertisement Income = Rs.48.95 crores(b)Others = Rs.9.25 crores

(I) Includes:(a)Advertisement Income = Rs.39.11 crores(b)Others = Rs.8.59 crores

(J) Represents : Sale of Traded Products

(K) Represents : Sale of Traded Products

(L) Includes :- 1) Sale of Publications :- Rs. 583.25 (in crores)2) Television Distribution Revenue:- Rs.21.56 (in crores)3) AdvertisementRevenue :- Rs.4683.80 (in crores)

(M) Includes :- 1) Sale of Publications :- Rs. 536.78 (in crores)2) Television Distribution Revenue:- Rs. 20.69 (in crores)3)Advertisement Revenue :- Rs. 4238.71(in crores)

9


Textual information (1)

Additional information on profit and loss account explanatory [Text Block]of imports on CIF Basis1

Rs. Crores

2013-14 2012-13

Raw Materials 1,327.58 983.86

Consumable Stores and Spare Parts 39.90 35.01

Capital Goods 91.60 157.98

Traded Products - 0.07

1,459.08 1,176.92

Expenditure in foreign currency2

Rs. Crores

2013-14 2012-13

Royalty 1.47 2.42

Professional and Technical Fees 14.93 17.66

Travel 2.69 2.22

Subscription 6.89 5.57

Interest 2.58 0.89

Others 7.67 4.54

10


36.23 33.30

Raw materials, components and spare parts consumed3

2013-14 2012-13

Rs. Crores % of total Consumption Rs. Crores % of total Consumption

Raw Materials

Imported 1,111.24 72.24 1,084.07 74.00

Indigenous 426.93 27.76 380.48 26.00

Total 1,538.17 100.00 1,464.55 100.00

Spare Parts Consumed

(included in Repairs to Machinery)

Spare Parts Consumed

(included in Repairs to Machinery)

Imported 24.37 38.82 24.14 36.30

Indigenous 38.40 61.18 42.35 63.70

Total 62.77 100.00 66.49 100.00

Earnings in foreign currency4

Rs. Crores

2013-14 2012-13

Export of goods:

11


Publications 1.94 1.99

Cassettes / CDs 0.26 0.98

Advertisement Income 48.95 39.11

Others 9.25 8.59

60.40 50.67

[200800] Notes - Disclosure of accounting policies, changes in accounting policies and estimates


to 31/03/2014

Disclosure of accounting policies, change in accounting policies and changes in estimates explanatory [TextBlock]

Textual information (2) [See below]

12



Disclosure of accounting policies, change in accounting policies and changes in estimates explanatory [Text Block]Corporate Information1

Bennett, Coleman & Company Limited (BCCL) is primarily engaged in the business of publication of newspapers. The Company publishes the highest selling English broadsheet daily in the world, i.e., The Times of India. Apart from this the Company publishes newspapers like The Economic Times, Navbharat Times, Maharashtra Times, etc. It also houses three television channels zoOm ET Now and Romedy Now. The Company has subsidiaries which are engaged in the areas of internet, e-commerce, radio, television, out of home, etc.

Significant Accounting Policies Basis of Preparation2 2.1

The financial statements of the company have been prepared in accordance with generally accepted accounting principles in India (IndianGAAP). The Company has prepared these financial statements to comply in all material respects with the accounting standards notified under theCompanies Act, 1956 read with General Circular 8/2014 dated 4 April, 2014 issued by the Ministry of Corporate Affairs, in respect of Section133 of the Companies Act, 2013.The financial statements have been prepared on an accrual basis and under the historical cost convention Theaccounting policies adopted in the preparation of financial statements are consistent with those of previous year.

All assets and liabilities have been classified as current or non-current as per the Companys normal operating cycle and other criteria set in therevised Schedule VI to the Companies Act, 1956.

Use of Estimates2.2

The preparation of financial statements in conformity with the Indian GAAP requires the management to make judgments, estimates andassumptions that affect the reported amounts of revenues, expenses, assets and liabilities and the disclosures of contingent liabilities at the end ofthe reporting period. Although these estimates are based on the managements best knowledge of current events and actions, uncertainty about these assumptions and estimates could result in the outcomes requiring material adjustment to the carrying amounts of assets or liabilities infuture periods.

Tangible Assets and Depreciation2.3

Tangible assets are stated at cost net of accumulated depreciation and impairment losses, if any. The cost comprises purchase price, borrowing costs if capitalisation criteria are met and directly attributable to the cost of bringing the asset to its working condition for the intended use.

Depreciation has been computed by adopting the rates / methods arrived at, based on the useful lives as estimated by the management, or thoseprescribed in Schedule XIV to the Companies Act, 1956, whichever is higher.

The basis of charging depreciation is as under:

Leasehold land - Amortised over the primary period of lease

Buildings - SLM

Plant and Machinery - WDV

Furniture and Fixtures - SLM

Vehicles - SLM

Assets costing upto Rs.5,000 - Depreciated at 100%.

13


Intangible Assets2.4

Intangible assets acquired separately are measured on initial recognition at cost. Following the initial recognition, intangible assets are carried at cost less accumulated amortisation and impairment losses, if any. These assets are amortised over its useful life or 36 months, whichever is lower.

Impairment of Assets2.5

The carrying amounts of assets are reviewed at each Balance Sheet Date, if there is any indication of impairment based on internal / externalfactors. An asset is treated as impaired when the carrying cost of assets exceeds its recoverable value. The recoverable amount is greater of the assets net selling price and value in use. In assessing the value in use, the estimated future cash flows are discounted to the present value based on the weighted average cost of capital. An impairment loss, if any, is charged to Statement of Profit and Loss in the year in which the asset is identified as impaired. The impairment loss recognised in prior accounting periods is reversed if there has been a change in the estimate of the recoverable amount.

Leases2.6

Operating lease receipts and payments are recognized as income or expense in the Statement of Profit and Loss on a straight-line basis, which isrepresentative of the time pattern of the users benefit.

Borrowing Cost2.7

Borrowing costs on borrowed funds attributable to acquisition and construction of a qualifying asset is capitalised as a part of the cost of suchasset upto the date when such asset is ready for its intended use. Other borrowing costs are recognized as expense in the period in which they are incurred.

Investments2.8

On initial recognition, all investments are measured at cost. The cost comprises purchase price and directly attributable acquisition charges such as brokerage, fees and duties. If an investment is acquired in exchange for another asset, the acquisition is determined by reference to the fair value of the asset given up or by reference to the fair value of the investment acquired, whichever is more clearly evident.

Investments, which are intended to be held for not more than one year from the date on which such investments are made, are classified as currentinvestments. All other investments are classified as long-term investments.

Current investments are stated at lower of cost and market / fair value.

Long-term investments are stated at cost. When there is a diminution, other than temporary, in the value of long-term investment, a provision is made to recognize such diminution in the carrying amount on an individual investment basis.

On disposal of an investment, the difference between its carrying amount and net disposal proceeds is charged or credited to the Statement ofProfit and Loss.

Inventories2.9

Inventories are valued at the lower of cost and net realisable value. The cost is determined as under:

Raw Materials - Weighted Average basisa)

Traded Products and Work-in-Progress (Unreleased albums) - Costs incurred to bring the inventories to present location or condition.b)

Stores and other Press Materials Weighted Average basis.c)

Net Realisable value is the estimated selling price in the ordinary course of business, less estimated costs of completion and estimated costsnecessary to make the sale.

14


Unamortized Music / Movie Rights:

Cost of perpetual rights is amortized over a period as estimated by the management based on revenue potential not exceeding two years.a)

Cost of other rights are amortised over the license period.b)

Obsolete, defective, unserviceable and slow / non-moving inventories are duly provided for.

Revenue Recognition2.10

Revenue is recognized to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliablymeasured and where collectability is reasonably certain. Items of income accounted for on accrual basis are as follows:

Advertisements: Revenue is recognised on publication / telecast of advertisements.a)

Subscription revenue from distributors in the television media business is recognised on a time proportion, basis the completion ofb) deliverables.

Sale of newspapers, publications, traded products, waste paper, scrap are recognised when significant risk and reward of ownership arec) transferred on delivery to buyer and is recorded net of sales return.

Dividend Income is recognized if the right to receive the same is established by the balance sheet date.d)

Interest income is recognised on a time proportion basis taking into account the amount outstanding and the applicable interest rate. e)

Exchange Difference2.11

Foreign currency transactions are recorded in the reporting currency, by applying to the foreign currency amount the exchange rate between thereporting currency and the foreign currency at the date of the transaction.

Foreign currency monetary items are reported using the closing rate. Non-monetary items which are carried in terms of historical cost denominated in a foreign currency are reported using the exchange rate at the date of the transaction; and non-monetary items which are carried atfair value or other similar valuation denominated in a foreign currency are reported using the exchange rates that existed when the values weredetermined.

Exchange differences arising on the settlement of monetary items or on reporting monetary items of Company at rates different from those atwhich they were initially recorded during the year, or reported in previous financial statements, are recognised as income or as expense in the yearin which they arise.

In case of forward contracts, the exchange difference between the cover rate and the spot rate on the date of the transaction are dealt with in theStatement of Profit and Loss over the period of the contracts.

Employee Benefits2.12

Contribution to Provident and Superannuation Fund is made at the prescribed rates to the respective Funds Trust and is charged to the Statementof Profit and Loss in the period in which the contributions are due. Liability towards interest shortfall, if any, is actuarially valued and providedfor.

The Company operates two defined benefit plans for its employees, viz., gratuity and superannuation scheme administered through respectivetrusts. The costs of providing benefits under these plans are determined on the basis of actuarial valuation at each year-end using the projected unit credit method. Actuarial gains and losses for both defined benefit plans are recognised in full in the period in which they occur in the Statement of Profit and Loss.

Accumulated leave, which is expected to be utilised within the next 12 months, is treated as short-term employee benefit. The Company measures the expected cost of such absences as additional amount that it expects to pay as a result of the unused entitlement that has accumulatedat the reporting date. The Company treats accumulated leave expected to be carried forward beyond 12 months, as long-term employee benefit

15


for measurement purposes. Such long-term compensated absences are provided for based on the actuarial valuation using the projected unit credit method at the year-end. Actuarial losses / gains are immediately charged to Statement of Profit and Loss and are not deferred.

The Company presents the entire leave as a current liability in the Balance Sheet, since it does not have an unconditional right to defer itssettlement for 12 months after the reporting date.

Income Taxes2.13

Provision for current income tax has been made on the cash basis of accounting for tax purposes and as per the relevant provisions of Income TaxAct, 1961.

Deferred tax resulting from "timing differences" between accounting and taxable income is measured for using the tax rates and laws that havebeen enacted or substantially enacted as on the Balance Sheet date. Deferred tax liabilities are recognised for all taxable timing differences.Deferred tax asset is recognised and carried forward only to the extent that there is a reasonable / virtual certainty, as the case may be, that theasset will be realised in future. The Company reviews the carrying amount of deferred tax assets on every reporting date and write-downs are made if it is reasonably / virtually certain that sufficient future taxable incomes will not be available to realise the asset.

Employee Stock Option Plan (ESOP)2.14

Measurement and disclosure of the ESOP is done in accordance with the Guidance Note on Accounting for Employee Share Based Payments,issued by the Institute of Chartered Accountants of India. The compensation cost of stock options granted to employees is calculated using the intrinsic value of these stock options. The compensation expense, if any, is amortised uniformly over the vesting period of the option.

Segment Reporting2.15

The Companys operating businesses are organised and managed separately according to the nature of products and services provided, with eachsegment representing a strategic business unit that offers different products and services. The Company generally accounts for inter-segment sales and transfers at predetermined prices. Unallocated items include general corporate income and expenses which are not allocated to any business segment. Common allocable costs are allocated to each segment according to the relative contribution of each segment to the totalcommon costs.

Provisions2.16

A provision is recognized when the Company has a present obligation as a result of the past event and it is probable that an outflow of resourceswill be required to settle the obligation, in respect of which a reliable estimate can be made. Provisions are not discounted to its present value anddetermined based on best estimate required to settle the obligation at the balance sheet date. These are reviewed at each balance sheet date andadjusted to reflect the current best estimates.

Cash and Cash Equivalents2.17

Cash and cash equivalents for the purposes of cash flow statement comprise cash at bank and in hand and short-term investments which have anoriginal maturity of three months or less.

Contingent Liabilities2.18

A contingent liability is a possible obligation that arises from past events whose existence will be confirmed by the occurrence or non-occurrenceof one or more uncertain future events beyond the control of the Company or a present obligation that is not recognized because it is not probablethat an outflow of resources will be required to settle the obligation. A contingent liability also arises in extremely rare cases where there is aliability that cannot be recognized because it cannot be measured reliably. The company does not recognize a contingent liability but discloses itsexistence in the financial statements.

Earnings per Share2.19

Basic earnings per share are calculated by dividing the net profit or loss for the year attributable to ordinary shareholders by the weighted averagenumber of ordinary shares outstanding during the year. For the purpose of calculating diluted earnings per share, the net profit or loss for the period attributable to the ordinary shareholders and the weighted average number of shares outstanding during the period are adjusted for theeffects of all dilutive potential ordinary shares.

16


[300100] Notes - Revenue


to 31/03/2014

Disclosure of revenue explanatory [TextBlock] Textua l in format ion (3) [See below]


Disclosure of revenue explanatory [Text Block]Revenue Recognition

Revenue is recognized to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliablymeasured and where collectability is reasonably certain. Items of income accounted for on accrual basis are as follows:

Advertisements: Revenue is recognised on publication / telecast of advertisements.a)

Subscription revenue from distributors in the television media business is recognised on a time proportion, basis the completion ofb) deliverables.

Sale of newspapers, publications, traded products, waste paper, scrap are recognised when significant risk and reward of ownership arec) transferred on delivery to buyer and is recorded net of sales return.

Dividend Income is recognized if the right to receive the same is established by the balance sheet date.d)

Interest income is recognised on a time proportion basis taking into account the amount outstanding and the applicable interest rate. e)

[202200] Notes - Effects of changes in foreign exchange rates


to 31/03/2014

Disclosure of notes on effect of changes in foreign exchange rates explanatory [TextBlock]

Textual information (4) [See below]

17



Disclosure of notes on effect of changes in foreign exchange rates explanatory [Text Block] Foreign Currency Exposure

In Crores

Particulars March 31, 2014 March 31, 2013

Currency Currency Equivalent INR Equivalent Currency Equivalent INR Equivalent

Hedged by forward contracts

Trade PayablesUSD

EUR

6.84

0.03

409.84

2.67

2.04

0.12

110.79

8.63

Capital Commitment (net of advance)EUR

CHF

0.07

-

5.96

-

0.05

0.11

3.47

5.98

Unhedged

Trade Payables

EUR

GBP

Others*

0.23

0.01

18.78

0.58

0.20

0.15

0.01

10.46

0.42

0.21

Trade ReceivablesUSD

Others*0.20

12.05

0.490.24

12.79

1.26

Capital Commitment (net of advance)

EUR

CHF

USD

-

-

0.00

-

-

0.16

0.78

0.11

0.02

54.37

6.54

1.12

* - Others represent multiple currencies for which INR equivalent is individually less than Rs. 1 crore .

18


[201200] Notes - Employee benefits


to 31/03/2014

Disclosure of employee benefits explanatory [TextBlock] Textual information (5) [See below]


Disclosure of employee benefits explanatory [Text Block]

Contribution to Provident and Superannuation Fund is made at the prescribed rates to the respective Funds Trust and is charged to the Statementof Profit and Loss in the period in which the contributions are due. Liability towards interest shortfall, if any, is actuarially valued and providedfor.

The Company operates two defined benefit plans for its employees, viz., gratuity and superannuation scheme administered through respectivetrusts. The costs of providing benefits under these plans are determined on the basis of actuarial valuation at each year-end using the projected unit credit method. Actuarial gains and losses for both defined benefit plans are recognised in full in the period in which they occur in the Statement of Profit and Loss.

Accumulated leave, which is expected to be utilised within the next 12 months, is treated as short-term employee benefit. The Company measures the expected cost of such absences as additional amount that it expects to pay as a result of the unused entitlement that has accumulatedat the reporting date. The Company treats accumulated leave expected to be carried forward beyond 12 months, as long-term employee benefit for measurement purposes. Such long-term compensated absences are provided for based on the actuarial valuation using the projected unit credit method at the year-end. Actuarial losses / gains are immediately charged to Statement of Profit and Loss and are not deferred.

The Company presents the entire leave as a current liability in the Balance Sheet, since it does not have an unconditional right to defer itssettlement for 12 months after the reporting date.

[300300] Notes - Earnings per share


to 31/03/2014

01/04/2012 to

31/03/2013Disclosure of earnings per share explanatory [TextBlock] Adjustments of numerator to calculate basic earnings per share [Abstract] Profit (loss) for period 821.16 739.62

Adjustments of numerator to calculate diluted earnings per share [Abstract] Profit (loss) for period 821.16 739.62

19


[300700] Notes - Director remuneration and other information

Disclosure of directors and remuneration to directors [Table] ..(1)


Directors [Axis]AMBA

PREETHAMPARIGI_A218

ARUNABH DASSHARMA_A223 INDU JAIN_A216

Kalpana JaisinghMorparia_A217

01/04/2013 to

31/03/2014

01/04/2013 to

31/03/2014

01/04/2013 to

31/03/2014

01/04/2013 to

31/03/2014 Disclosure of directors and remuneration to directors [Abstract] Disclosure of directors and remuneration to directors [LineItems]

Name of director A M B APREETHAMPARIGI

ARUNABH DASSHARMA

INDU JAINKalpana JaisinghMorparia

Director identification number of director 00087586 03464498 00004040 00046081

Date of birth of director 15/07/1949 17/03/1968 08/09/1936 30/05/1949

Designation of director DirectorPresident Response& Executive Director

Chairman Director

Qualification of director MA , MBAGraduation inEconomics, IIMKolkata

Professional Professional

Shares held by director [shares] 0 [shares] 0 [shares] 0 [shares] 0

Director remuneration [Abstract] Salary to director [Abstract] Basic pay director 0 0.9127368 0.36 0

Allowances director 0 1.4959839 0.03 0

Perquisites director 0 1.5290343 0.0940652 0

Commission director 0 0 15 0

Total salary to director 0 3.937755 15.4840652 0

Sitting fees director 0.012 0 0 0.024

Stock compensation director 0 0 0 0

Post-retirement benefits director 0 0.357823 0.1145077 0

Other compensation director 0 0 0 0

Total director remuneration 0.012 4.295578 15.5985729 0.024

20




Directors [Axis] LEO PURI_A219 MELEVEETILDAMODARAN_A221

RAVINDRADHARIWAL_A214

SAMIRJAIN_A213

01/04/2013 to

31/03/2014

01/04/2013 to

31/03/2014

01/04/2013 to

31/03/2014

01/04/2013 to


Name of director LEO PURIMELEVEETILDAMODARAN

RAVINDRADHARIWAL

SAMIR JAIN

Director identification number of director 01764813 02106990 00003922 00001337

Date of birth of director 03/01/1961 04/05/1947 11/09/1952 22/06/1954

Designation of director Director Director Wholetime DirectorVice-Chairman &Managing Director

Qualification of director

MA (HONS.) LAW(FIRST CLASS),MA (HONS.) P.P.E.(POLITICS,PHILOSOPHY &ECONOMICS)

B.A. Hons and LLBB . T e c h ,M.B.A-Marketing &Finance

B.A

Shares held by director [shares] 0 [shares] 0 [shares] 0 [shares] 7,200

Director remuneration [Abstract] Salary to director [Abstract] Basic pay director 0 3.2822532 1.2

Allowances director 0 0 1.5835272 0.1

Perquisites director 0 0 0.3202666 0.5717883

Commission director 0 0 0 35.5

Total salary to director 0 0 5.186047 37.3717883

Sitting fees director 0.012 0.006 0 0

Stock compensation director 0 0 0 0

Post-retirement benefits director 0 0 1.2197347 0.3816923

Other compensation director 0 0 0 0

Total director remuneration 0.012 0.006 6.4057817 37.7534806

21




Directors [Axis]SHRIJEET

RAMAKANTAMISHRA_A220

TRISHLAJAIN_A222

VINEETJAIN_A215

01/04/2013 to

31/03/2014

01/04/2013 to

31/03/2014

01/04/2013 to


Name of director SHRIJEETRAMAKANTAMISHRA

TRISHLA JAIN VINEET JAIN

Director identification number of director 01894081 03371538 00003962

Date of birth of director 22/04/1965 27/02/1985 12/02/1966

Designation of director Chief OperatingOfficer & ExecutiveDirector

Wholetime Director Managing Director

Qualification of director B.A, PGDM- IIMAhmedabad.

Graduation inEnglish Literature(USA), Masters fromTeachers College(Columbia Uni.)

ManagementGraduate fromAmerican Uni.ofSwitzerland.

Shares held by director [shares] 0 [shares] 3,60,000 [shares] 16,42,248

Director remuneration [Abstract] Salary to director [Abstract] Basic pay director 2.016 0.713556 1.2

Allowances director 0.9145897 0.0015 0.1

Perquisites director 0.19713 0.1002718 0.2944586

Commission director 0 1.7916667 44.639726

Total salary to director 3.1277197 2.6069945 46.2341846

Sitting fees director 0 0 0

Stock compensation director 0 0 0

Post-retirement benefits director 0.9645149 0.1926601 0.3816923

Other compensation director 0 0 0

Total director remuneration 4.0922346 2.7996546 46.6158769

bccl_391909

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