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The Hindustan TimesLtd.

Annual Report

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THE HINDUSTAN TIMES LIMITED

ID OF DiFIECTC

Smt. Shobhana BhartiaChairperson

Shri Priyavrat Bhartia Shri Shamit Bhartia Shri S. M. Agarwal


Shri V. K. CharoriaDirector & Company Secretary

HINDUSTAN TIMES HOUSE18-20, Kasturba Gandhi Marg, New Delhi-110001



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IT!DIRECTORS' REPORTTO, THE SHAREHOLDERS,

Your Directors have pleasure in presenting their Report and the audited accounts of the Company for the year ended 31st March 2010. FINANCIAL RESULTS AND APPROPRIATIONS : (Rs. in Lacs) 2009-10 Profit after Interest but before Depreciation/Amortisation, Extra-ordinary items and Tax Less : Depreciation/Amortisation Profit Before Tax Less : Provisions for Tax Deferred Tax Charge / (Credit) Profit After Tax Add : Profit brought from Previous year Profit Available for appropriation Appropriated as : Dividend on Equity SharesISIEmergingMarketsPDF in-microseccap1 from 125.99.75.25 on 2011-08-09 12:43:10 EDT. DownloadPDF.

2008-09 3730.15

5482.51

286.22 5196.29 510.00 (204.20) 4890.49 9241.51 14132.00

193.48 3536.67 267.10-

3269.57 6025.10 9294.67

_^

53.16

53.16 9241.51

Balance to be carried forward OPERATIONS :

14078.84

Your company has substantially improved the infrastructural facilities in the Hindustan Times House at K G Marg, New Delhi and is continuously endeavoring to improve further. The efforts of last two years on improvement have already started bearing the fruits. During the time of recession when most of the buildings in Connaught Place were more than fifty percent unoccupied, HT House has been let out almost fully. Companies and organizations like Ministry Of Law & Justice, Competition Commission of India, World Bank, Corporation Bank to name a few, have made their offices in the building during the year. You company is also exploring further possibilities of venturing into other real estate projects including redevelopment of some of its existing property(s) to further strengthen its bottom line. DIVIDEND : Your Directors are pleased to recommend a dividend @ Rs.1 per share on 53,16,160 Equity shares of Rs. 107- each, for the financial year ended 31st March 2010. SUBSIDIARY COMPANIES : The performance of all the Subsidiary Companies are satisfactory. The audited statement of accounts, alongwith the report of the Directors and Auditors of the subsidiaries of the Company are attached to the Balance Sheet pursuant to the provisions of Section 212 of the Companies Act, 1956. FIXED DEPOSITS : During the year under review the Company has not accepted any deposits. There are no unclaimed deposits as on 31st March 2010. STATUTORY INFORMATION : Statement pursuant to Section 217 (2A) of the Companies Act, 1956, is annexed herewith.

THE HINDUSTAN TIMES LIMITED ANNUAL REPORT



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TOE IKHHNOyiTAM HUMES LD MQTEDThe particulars, pursuant to Section 217 (1) (e) of the Companies Act, 1956, regarding Conservation of Energy, Technology Absorption, Foreign Exchange Earnings and Outgo are attached and form part of this report. As regards, observations made by the Auditors in their Report, the Notes on the Accounts are self-explanatory. DIRECTORS : Smt Shobhana Bhartia and Shri Priyavrat Bhartia shall retire by rotation at the ensuing Annual General Meeting, and being eligible, have offered themselves for re-appointment. Mr. V.K.Charoria was re-appointed by Board as Director & Company Secretary with effect from 1st June 2010 subject to consent from shareholders of the Company. The board commends the resolution for your approval. AUDIT COMMITTEE : The Audit Committee of the Board presently comprises Smt. Shobhana Bhartia, Shri Priyavrat Bhartia and Shri S.M. Agarwal. The Committee met once during the year. AUDITORS : The Statutory Auditors of your Company, M/s S.R.Batliboi & Co. Chartered Accountants have expressed their inability to continue as Statutory Auditor of the Company. Company has received notice pursuant to section 190 of the Companies Act, 1956 from a shareholder signifying his intention to propose appointment of M/s BGJC & Associates, Chartered Accountant, New Delhi as Statutory Auditor in place of M/s S.R.Batliboi & Co from the conclusion of this Annual General Meeting till the Conclusion of next Annual General Meeting. In terms of Section 224(1 B) of the Companies Act, 1956, the M/s BGJC & Associates, Chartered Accountants, have given a certificate regarding their eligibility for appointment as Auditor of the Company The Board recommends appointment of M/s BGJC & Associates, Chartered Accountants as Statutory Auditor of the Company.ISIEmergingMarketsPDF in-microseccap1 from 125.99.75.25 on 2011-08-09 12:43:10 EDT. DownloadPDF. DIRECTORS' RESPONSIBILITY STATEMENT :

Pursuant to the requirements of Section 217(2AA) of the Companies Act, 1956, your Directors state that: I. in the preparation of the annual accounts for the financial year ended 31s' March, 2010 the applicable accounting standards have been followed alongwith proper explanation relating to material departures; II. such accounting policies have been selected and applied consistently and such judgments and estimates have been made that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at 31s' March, 2010 and of the profit of the Company for the year ended 31st March, 2010; III. proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956, for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities; IV. the annual accounts have been prepared on a going concern basis. ACKNOWLEDGEMENT : Your Directors place on record their sincere appreciation for the assistance and co-operation provided by Banks, Government authorities, Customers, Suppliers and Members. Your Directors also place on record their deep appreciation of the committed services of the Executives, staff and workers of your Company.

For and on behalf of the Board of Directors Place : New Delhi Date : September 01, 2010 Shobhana Bhartia Chairperson

THE HINDUSTAN TIMES LIMITED o ANNUAL REPORT 2010



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LDfiHTEDSTATEMENT PURSUANT TO SECTION 212 OF THE COMPANIES ACT, 1956 The net aggregate amount of the profits/(Loss) of the Subsidiary company for the last as well as the previous years which concern the members of the Company but have not been dealt with in or for the purpose of the accounts of the company are given below :S.No. Name of the Subsidiary Company Extent of holding Financial year ended Amount of ProW(Loss) of the Subsidiary Company's Last Financial Year (Rs. in Lacs)

(%)

of theSubsidiary

Aggregate amount of Profit/Loss for the previous financial year of the Subsidiary Company (Rs. in lacs)23866.27 584.97 557.99 (-)0.68 (-)0.80 H2840.50 66.49 2.66 H27.33

1. 2. 3. 4. 5. 6. 7. 8. 9.

HT Media Limited HTL Investment & Trading Company Limited Shradhanjali Investment & Trading Company Limited HT Films Limited White Tide Amusement Limited* Firefly e-ventures Limited***** Hindustan Media Ventures Limited** HT Music and Entertainment Company Limited** HT Digital Media Holdings Limited**

68.82

31.03.2010 31.03.2010 31.03.2010 31.03.2010 31.03.2010 31.03.2010 31.03.2010 31.03.2010 31.03.2010

8586.44 160.21 126.77 (-(0.33 (-)0.33 (~)1798.17 1003.21 4.68 (-)4.14

100 100 100 Nil Nil Nil

25Nil

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10. 11. 12. 13. 14. 15. 16.

HT Interactive Media Properties Limited Go4i.com (Mauritius) Limited*** Go4i.com (India) Pvt. Limited**** HT Education Limited (Formerly known as Live Newscast Limited) HT Burda Media Limited** HT Mobile Solutions Limited***** HT Learning Centers Limited (w.e.f. 05.02.2010)******

100 Nil Nil 100 Nil Nil Nil

31.03.2010 31.03.2010 31.03.2010 31.03.2010

(-) 0.09

H440.41(-) 16.84

1.35 H0.15 (-)1.82

(-J3.69 (-)0.22

31.03.2010 31.03.2010 31.03.2010

(-) 48.64 (-) 75.68(-) 22.31

(-) 167.00

-

'The Company is subsidiary of HT Films Limited. "These Companies are subsidiaries of HT Media Limited. ***This Company is subsidiary of HT Interactive Media Properties Limited. ""This Company is subsidiary of Go4i.com (Mauritius) Limited. ""'These companies are subsidiaries of HT Digital Media Holdings Limited """This Company is Subsidiary of HT Education Limited Shobhana Bhartia Priyavrat Bhartia Shamit Bhartia S.M. Agarwal V.K. Charoria Directors THE HINDUSTAN TIMES LIMITED o ANNUAL REPORT

Place : New Delhi Date : 1st September 2010



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USDisclosure of particulars with respect to Conservation of Energy & Technology Absorption, Foreign Exchange Earnings & Outgo as per section 217 (1)(e) of the Companies Act, 1956 read with Companies (Disclosure of Particulars in Report of Board of Directors) Rules 1988, and forming part of the Report of the Board of Directors for the year ended March 31, 2010. A. CONSERVATION OF ENERGY (a) Energy conservation measure taken Efforts are made for conservation of energy on an on-going basis. The energy conservation initiatives have resulted in improvement of power factor. (b) Additional investment and proposals, if any, being implemented for reduction of consumption of energy. None (c) Impact of the measure at (a) and (b) above for reduction of energy consumption and consequent impact on the cost of production of services. Improvement in the power factor has resulted in power saving. (d) Total energy consumption and energy consumption per unit of production. Not Applicable. B. TECHNOLOGY ABSORPTION (e) Efforts made in technology absorption Not Applicable C. FOREIGN EXCHANGE EARNINGS AND OUTGO (f]i Activities relating to exports; initiatives taken to increase exports; development of new export markets Not Applicable (g) Total foreign exchange used and earned Foreign exchange used: 6365 Thousand Foreign exchange earned: Nil

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HINDUSTAN TIMES LIMITED ANNUAL REPORT 2010



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THEIHWDUSTMiTflfAUDITORS' REPORTTo The Members of The Hindustan Times Limited1. We have audited the attached balance sheet of The Hindustan Times Limited (the Company') as at March 31,2010 and also the Profit and Loss account and the cash flow statement for the year ended on that date annexed thereto. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in India. Those Standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. As required by the Companies (Auditor's Report) Order, 2003 (as amended) issued by the Central Government of India in terms of sub-section (4A) of Section 227 of the Companies Act, 1956, we enclose in the Annexure a statement on the matters specified in paragraphs 4 and 5 of the said Order. Further to our comments in the Annexure referred to in para 3 above, we report that: i. ii. iii. iv. We have obtained all the information and explanations, which to the best of our knowledge and belief were necessary for the purposes of our audit; In our opinion, proper books of account as required by law have been kept by the Company so far as appears from our examination of those books; The balance sheet, profit and loss account and cash flow statement dealt with by this report are in agreement with the books of account; Incur opinion, the balance sheet, profit and loss account and cash flow statement dealt with by this report comply with the accounting standards referred to in sub-section (3C) of section 211 of the Companies Act, 1956. Directors, we report that none of the directors is disqualified as on March 31,2010 from being appointed as a director in terms of clause (g) of sub-section (1) of section 274 of the Companies Act, 1956. vi. In our opinion and to the best of our information and according to the explanations given to us, the said accounts give the information required by the Companies Act, 1956, in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India; (a) in the case of the balance sheet, of the state of affairs of the Company as at March 31,2010; (b) in the case of the profit and loss account, of the profit for the year ended on that date; and (c) in the case of cash flow statement, of the cash flows of the Company for the year ended on that date.

2.

3.

4.

ISIEmergingMarketsPDF in-microseccap1 from 125.99.75.25directors, as on March 31, 2010, and taken on record by the Board of v. On the basis of the written representations received from the on 2011-08-09 12:43:10 EDT. DownloadPDF.

For S.R. Batliboi & Co. Firm registration number: 301003E Chartered Accountants per Raj Agrawal Partner Membership No. 82028 Place : Gurgaon Date : September 01, 2010

THE HINDUSTAN TIMES LIMITED ANNUAL REPORT 2010



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UHllTEOAnnexure referred to in paragraph [3] of our report of even dateRe: The Hindustan Times Limited ('the Company') (i) (a) (b) (c) The Company has maintained proper records showing full particulars, including quantitative details and situation of fixed assets. Fixed assets have been physically verified by the management during the year and no material discrepancies were identified on such verification. There was no substantial disposal of fixed assets during the year.

As informed, the Company does not hold any inventory. Therefore the provisions of clause 4(ii) of the Companies (Auditor's Report) Order, 2003 (as amended) are not applicable to the company. (a) As informed, the Company has granted the loan to a director covered under register maintained under Section 301 of Companies Act, 1956. The maximum amount involved during the year is Rs. 741 thousand and outstanding at the year end is Rs. 548 thousand. In our opinion, and according to the information and explanation given to us, the terms and conditions of such loan is in accordance with Companies' Human resource policy and thus, is not prima facie prejudicial to the interest of the Company. In respect of loans granted, repayment of the principal amount is as stipulated and payment of interest have been regular. There is no overdue amount of loan granted to companies, firms or other parties listed in the register maintained under section 301 of the Companies Act, 1956. As informed, the Company has not taken any loans, secured or unsecured from companies, firms or other parties covered in the register maintained under section 301 of the Companies Act, 1956. Accordingly, provisions of clauses 4(iii) (f) and (g) of the Companies (Auditor's Report) Order, 2003 (as amended) are not applicable to the Company.

(b)

(c) (d) (e)


(iv)

In our opinion and according to the information and explanations given to us, there is an adequate internal control system commensurate with the size of the Company and the nature of its business, for the purchase of inventory and fixed assets and for the sale of goods and services. During the course of our audit, no major weakness has been noticed in the internal control system in respect of these areas. During the course of our audit, we have not observed any continuing failure to correct major weakness in internal control system of the company. (a) According to the information and explanations provided by the management, we are of the opinion that the particulars of contracts or arrangements referred to in section 301 of the Act that need to be entered into the register maintained under section 301 have been so entered. In our opinion and according to the information and explanations given to us, the transactions made in pursuance of such contracts or arrangements exceeding value of Rupees five lakhs have been entered into during the financial year at prices which are reasonable having regard to the prevailing market prices at the relevant time.

(v)

(b)

(vi)

In respect of deposits accepted in earlier years, in our opinion and according to the information and explanations given to us, directives issued by the Reserve Bank of India and the provisions of sections 58A, 58AA or any other relevant provisions of the Companies Act, 1956 and the rules framed there under, to the extent applicable, have been complied with. We are informed by the management that no order has been passed by the Company Law Board, National Company Law Tribunal or Reserve Bank of India or any Court or any other Tribunal. In our opinion, the Company has an internal audit system commensurate with the size and nature of its business.

(vii)

(viii) TD the best of our knowledge and as explained, the Central Government has not prescribed maintenance of cost records under clause (d) of sub-section (1) of section 209 of the Companies Act, 1956 for the products of the Company. (ix) (a) Undisputed statutory dues including provident fund, investor education and protection fund, or employees' state insurance, income-tax, sales-tax, wealth-tax, sen/ice tax, customs duty, excise duty, cess have generally been regularly deposited with the appropriate authorities though there has been a slight delay in one case. Based on the information and explanation given to us, the Company is not liable to employees state insurance.

TUB HINDUSTAN TIMES LIMITED ANNUAL REPORT 2010



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Further, since the Central Governent has till date not prescribed the amount of cess payable under section 441 A of the Companies Act, 1956, we are not in a position to comment upon the regularity or otherwise of the company in depositing the same. (b) According to the information and explanations given to us, no undisputed amounts payable in respect of provident fund, investor education and protection fund, income-tax, wealth-tax, service tax, sales-tax, customs duty, excise duty, cess and other undisputed statutory dues were outstanding, at the year end, for a period of more than six months from the date they became payable. Based on the information and explanation given to us, the Company is not liable to employees' state insurance. According to the information and explanation given to us, there are no dues of income tax, sales-tax, wealth tax, service tax, customs duty, excise duty and cess which have not been deposited on account of any dispute.

(c) (x) (xi)

The Company has been no accumulated losses at the end of the financial year and it has not incurred cash losses in the current and in the immediately preceding financial year. Based on our audit procedures and as per the information and explanations given by the management, we are of the opinion that the Company has not defaulted in repayment of dues to a financial institution or banks. The Company has no outstanding dues in respect of financial institutions and debenture holders. According to the information and explanations given to us and based on the documents and records produced to us, the Company has not granted loans and advances on the basis of security by way of pledge of shares, debentures and other securities.

(xii)

(xiii) In our opinion, the Company is not a chit fund or a nidhi / mutual benefit fund / society. Therefore, the provisions of clause 4(xiii) of the Companies (Auditor's Report) Order, 2003 (as amended) are not applicable to the Company. (xiv) In respect of dealing/trading in units of mutual funds, shares of companies, securities, and other investments, in our opinion and according to the information and explanations given to us, proper records have been maintained of the transactions and contracts and timely entries have been made therein. The units, shares, securities, and other investments have been held by the Company, in its own name. According to the information and explanations given to us, the Company has not given any guarantee for loans taken by others from bank or financial institutions.


(xv)

(xvi) The Company did not have any term loans outstanding during the year. (xvii) According to the information and explanations given to us and on an overall examination of the balance sheet of the Company, we report that no funds raised on short-term basis have been used for long-term investment. (xviii) The Company has not made any preferential allotment of shares to parties or companies covered in the register maintained under section 301 of the Companies Act, 1956. (xix) (xx) (xxi) The Company did not have any outstanding debentures during the year. The Company has not raised any money through a public issue during the year. Based upon the audit procedures performed for the purpose of reporting the true and fair view of the financial statements and as per the information and explanations given by the management, we report that no fraud on or by the Company has been noticed or reported during the course of our audit.

For S.R. Batliboi & Co. Firm registration number:'301003E Chartered Accountants per Raj Agrawal Partner Membership No. : 82028 Place : Gurgaon Date : September 01, 2010

THE (HINDUSTAN TIMES LIMITED o ANNUAL REPORT 2010



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Balance Sheet as at 31st March, 2010(Rs. in '000)

Schedule SOURCES OF FUNDS Shareholders' Funds Share Capital Reserves and Surplus

As at March 31, 2010

As at March 31 , 2009

1 2

53,162 5,581,661 5,634,823

53,162 5,112,271 5,165,433

APPLICATION OF FUNDS Fixed Assets Gross Block Less : Accumulated Depreciation Net Block Capital Work-in-Progress including Capital Advances Intangible Assets (net of Amortisation) Investments Deferred Tax Assets (Net) Current Assets, Loans and Advances4 5 6 3

2,329,863 449,993 1 ,879,870 8,985 1 ,888,855 1,964 3,912,787 102,920

2,272,871 407,863 1,865,008 17,513 1,882,521 2,658 3,594,524 82,500 8,543 25,662 64,573 381,016 479,794 756,918 119,646 876,564 (396,770) 5,165,433

Sundry Debtors 7 33,296 Cash and Bank Balances 8 18,072 Other Current Assets 9 12:43:10 EDT. DownloadPDF. 82,509 ISIEmergingMarketsPDF in-microseccap1 from 125.99.75.25 on 2011-08-09 Loans and Advances 10 455,783 589,660 Less: Current Liabilities and Provisions Current: Liabilities 11 741,580 Provisions 12 119,783 Net Current Assets / (Liabilities) Notes to Accounts19

861,363 (271,703) 5,634,823

The schedules referred to above and notes to accounts form an integral part of the Balance Sheet. As per our report of even date For S.F1. Batliboi & Co. Firm registration Number : 301003E Chartered Accountants Per Raj Agrawal Partner Membership No. 82028 Place: Gurgaon Date : September 1, 2010 Shobhana Bhartia Chairperson For and on behalf of the Board of Directors Priyavrat Bhartia Director Shamit Bhartia Director S.M. Agarwal Director

Naresh Gupta Vice President

V.K. Charoria Director & C< ampany Secretary




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TIProfit and Loss Account for the Year ended March 31, 2010 Schedule INCOME Turnover Other Income EXPENDITURE Personnel Expenses Operating and Other Expenses Depreciation/Amortisation Financial Expenses Profit before tax Income Tax Expense - Fringe Benefit Tax - Deferred Tax Charge/(Credit) - Current Income Tax (Minimum Alternate Tax) Total Tax Expense Net Profit for the year Credit Balance brought forward from previous year Amount available for appropriation Appropriations - Proposed Dividend Surplus carried to Balance Sheet Earnings per share Basic [Nominal value of shares Rs.10 (Previous Year Rs.10 )] Diluted [Nominal value of shares Rs.10 (Previous Year Rs.10 )] Notes to Accounts19 1891.99 5,316

For the Year ended March 31, 2010

(Rs. in '000) For the Year ended March 31 , 2009

13 14

679,675 90,746 770,421

642,988 6,983 649,971 13,821 252,884 19,348 10,251 296,304 353,667

15 16 3, 417

14,252 206,830 28,6221,088

250,792 519,629

1,230(20,420) 51,000 30,580 489,049 924,151 1,413,200 25,480 26,710 326,957 602,510 929,467


5,316924,151

1,407,884

61.50 61.50

91 .99

The schedules referred to above and the notes to accounts form an integral part of the Profit & Loss Account. As per our report of even date For S.R. Batliboi & Co. Firm registration Number : 301003E Chartered Accountants Per Raj Agrawal Partner Membership No. 82028 Place: Gurgaon Date : September 1, 2010 Shobhana Bhartia Chairperson For and on behalf of the Board of Directors Priyavrat Bhartia Director Shamit Bhartia Director S.M. Agarwal Director

Naresh Gupta Vice President

V.K. Charoria Director & Company Secretary

THE HINDUSTAN TIMES LIMITED ANNUAL REPORT



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Cash Flow Statement for the year ended March 31, 2010March 31, 2010 Rs. in thousands A. Cash flow from operating activities Profit before taxation 519,629 Adjustments for: Depreciation/amortisation 28,622 Loss on disposal of fixed assets (net) 35 Provision made/(Written back) for diminution in value of investments (75,575) (Profit) / Loss on sale of investments (net) 57,676 Dividend income from Subsidiaries (58,232) Dividend income from Others (89,464) Interest iincome (32,266) Irrecoverable balances written off 240 Amounts written back (901) Provision for doubtful debts and advances 600 Interest expense 570 Operating profit before working capital changes 350,934 Movements in working capital : (24,754) (Increase)/Decrease in sundry debtors (Increased/Decrease in loans and advances and other current assets (9,069) (Decrease)/lncrease in current liabilities (14,967) Cash generated from operations 302,144 (62,624) Direct taxes paid (net of refunds) (Previous year including Fringe Benefits Taxes paid) Net cash from operating activities 239,520 B. Cash flows from investing activities Purchase of fixed assets (47,714) Proceeds from sale of fixed assets 158 Purchase of investments (726,780) Sale of investments 426,417 (Loan to) / repayment from other companies and a trust (55,134) 137,991 Dividend received Fixed Deposits placed (12,801) Fixed Deposits redeemed ISIEmergingMarketsPDF in-microseccap1 from 125.99.75.25 on 2011-08-09 12:43:10 EDT. DownloadPDF. Interest ireceived 23,838 Net cash (used in)/from investing activities (254,025) C. Cash flows from financing activities Proceeds from/(Repayment of) Overdraft facility with a bank Repayment of long-term borrowings (5,316) Dividend Paid Interest 'paid (570) Net cash (used in) financing activities (5,886) Net incrcase/(clecrease) in cash and cash equivalents (A + B + C) (20,391) Cash and cash equivalents at the beginning of the year 23,915 3,524 Cash and cash equivalents at the end of the year Components of cash and cash equivalents as at* Cash and cheques on hand With Scheduled banks - on current accounts (net of book overdraft) - on deposit accounts - on unpaid dividend accounts 'difference of Rs. 14,548 thousands (Previous year Rs. 1,747 thousands) from Schedule 8 represents short-term investments with an original maturity of three months or more. Note: The above Cash Flow Statement has been prepared under the"lndirect Method" as stated in Accounting Standard 3 on Cash Flow Statement. As per our report of even date For S.R. Batllboi & Co. Firm registration Number : 301003E Chartered Accountants Per Raj Agrawal Partner Membership No. 82028 Place : Gurgaon Date : September 1, 2010 Shobhana Bhartia Chairperson Naresh Gupta Vice President For and on behalf of the Board of Directors Priyavrat Bhartia Director Shamit Bhartia Director S.M. Agarwal Director 31.03.2010 100 3,020 100 304 3,524 March 31, 2009 Rs. in thousands 353,667 19,348 4,902 67,854 38,014 (112,920) (85,120) (20,624) 1,877 (1,119) 1,772 9,862 277,513 (1,733) (38,138) 277,644 515,286 (23,353) 491,933 (78,553) 18,478 (5,959,105) 5,501,451 310,439 149,514 (1,747) 6,469 35,821 (17,233) (400,332) (50,000) (5,316) (9,862) (465,510) 9,190 14,725 23,915 31.03.2009 11 23,498 100 306 23,915

V.K. Charoria Director & Company Secretary




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T1SSchedules to the Accounts

LMIJI(Rs. in '000)



Schedule 1 : Share Capital Authorised 29,950,000 (Previous year 29,950,000) equity shares of Rs. 10 each 5,000 (Previous year 5,000) preference shares of Rs. 100 each

299,500 500300,000

299,500

500300,000

Issued5,318,880 (Previous year 5,318,880) equity shares of Rs. 10 each fully paid Issued, Subscribed and Paid up 5,316,160 (Previous year 5,316,160) equity shares of Rs. 10 each fully paid Of the above: (i) 200 (Previous year 200) equity shares were allotted as fully paid-up for consideration other than cash (ii) 5,065,810 (Previous year 5,065,810) equity shares were allotted as fully paid-up bonus shares by capitalisation of general reserve in earlier years. Schedule 2 : Reserve and Surplus ISIEmergingMarketsPDF in-microseccap1 from 125.99.75.25 on 2011-08-09 12:43:10 EDT. DownloadPDF. Capital Reserve As per last Balance Sheet Revaluation Reserve As per last Balance Sheet Less : Transfer to Profit & Loss Account being difference of depreciation on revalued amount of assets and on original cost General Reserve As per last Balance Sheet Profit and Loss Account Balance 2,637,277 1,407,884 5,581,661 2,637,277 924,151 5,112,271 1,547,225 14,343 1,532,882 1,562,333 15,108 1,547,2253,618

53,189 53,18953,162

53,189 53,189 53,162 53,162

53,162

3,618


11



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Schedules to the Accounts(Rs. in '000)

=3

Schedule 3 : Fixed Assets LandLeasehold Gross Block At 01 .04.09 Additions Deductions At 31.03.2010 At 01 .04.09 For the year Deletions / Adjustments At 31.03.2010 Net Block At 31.03.2010 At 31 .03.2009 Capital Work In Progress (including Capital Advances of Rs. 6,257 thousands, previous year Rs. 2,642 thousands)) Total 16,681 1,329,020 403,098 94,536 24,249 12,285 16,681 16,690 1,329,020 1 ,328,649 403,098 408,371 94,536 83,458 24,249 22,449 12,285 1,879,870 1,865,008 8,985 1,865,008 1,772,395 17,513 16,907-

m

LandFreehold 1,328,649371

Buildings*

Plant& Machinery 133,364 24,628198

Furniture & Fittings 43,780

Vehicles

Total

Previous Year 2,171,601 1,395,641 1,294,371 2,272,871 399,205 33,763 25,106 407,863

741,606 15,400-

8,565

2,272,871 57,326335

7,166-

9,761137

-

16,907217

1,329,020-

757,006 333,235 20,673-

157,794 49,906 13,43886

50,946 21,331 5,366-

18,189

2,329,863 407,863 42,272142

Hd O =

Depreciation ISIEmergingMarketsPDF in-microseccap1 from 125.99.75.25 on 2011-08-09 12:43:10 EDT. DownloadPDF.

3,1742,78656

9 226

ffl W> 3PH

353,908

63,258

26,697

5,904

449,993

m

5,391

1,888,855

1,882,521

Notes : 1. 'Include Rs.500 for purchase of 10 shares of Gulmohar Co operative Housing Society Limited, Mumbai and Rs. 7,000 for purchase of 700 Shares of Abhivrudhi Co operative Housing Society Limited. 2. Lease hold Land includes Rs. 895 thousands paid in earlier year to Jaipur Development Authority for purchase of Leasehold Land at Jaipur, possession of which has been taken by the Company, however, registration of said Land in favour of Company is pending. 3. Fixed Assets amounting to Rs.Nil (Previous Year Rs. 6,100 thousands) held under joint ownership with others, as these have been transferred/ purchased by the Company during the year. 4. The Company had got the land, building and Plant and Machinery situated at 18 - 20, Kasturba Gandhi Marg , New Delhi revalued by a reputed valuer as at the close of March 31st, 1986, April 1st, 1987, April 1st, 1992 and March 31st, 2001 and the increase in Gross Block of such assets by Rs.1,793,553 thousands (Previous year Rs.1,793,553 thousands) due to revaluation was credited to Revaluation Reserve. 5. Details of Depreciation charged to Profit and Loss Account are as under: 2009-10 2008-09 Depreciation as above 42,272 33,763 Add : Amortisation of Intangible Assets 694 693 Less : Adjusted from Revaluation Reserve 14,343 15,10828,622

19,348



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Schedules to the Accounts

Schedule 4 : Intangible Assets Software Licenses Gross Block As at 31 .03.2009 Additions As at 31.03.2010 Amortisation As at 31 .03.2009 For the year As at 31.03.2010 Net Block As at 31.03.2010 As at 31 .03.20091,964 1,964 1,502694

(Rs. in '000)

Total

Previous Year

4,160

4,160

4,160

4,160

4,160

4,160

1,502694

809 693

2,196

2,196

1,502

2,6583,351

2,658

2,658

Schedule 5 : InvestmentsAs at As at March 31, 2010 March 31 , 2009

Long Term Investments A.ISIEmergingMarketsPDF in-microseccap1 from 125.99.75.25 on 2011-08-09 12:43:10 EDT. DownloadPDF. Other than Trade Investments (Quoted) Fully paid up equity shares 46,986,396 (Previous year 45,104,177) in Chambal Fertiliser & Chemicals Limited of Rs. 10 each 47,584 (Previous year 47,584) in The Birla Cotton Spinning & Weaving Mills Limited of Rs. 10 each 317,400 (Previous year 317,400) in Duke Commerce Limited of Rs. 10 each Bonds 300 (Previous year 300) in Unsecured, Tax Free, Non-convertible 6.85% India Infrastructure Financial Company Limited, 2014 Tax Free Series II bonds of Rs. 100,000 each Units in fixed maturity plan of mutual fund 1,000,000 (Previous year Nil) in Bharti Axa Fixed Maturity Plan Series C Plan 1 - Growth of Rs. 10 each 1,000,000 (Previous year Nil) in DWS Fixed Term Fund Series 67 - Growth Plan of Rs. 10 each 1,000,000 (Previous year Nil) in HDFC FMP 18M October 2009 - Growth Series XI of Rs. 10 each 2,000,000 (Previous year Nil) in HDFC FMP 14M March 2010 - Growth Series XII of Rs. 10 each 1,000,000 (Previous year Nil) in ICICI Prudential FMP Series 51-13 Months Plan C Cumulative of Rs. 10 each 500,000 (Previous year Nil) in Sundaram BNP Paribas FTP 367 days Series P - Growth of Rs. 10 each 10,000 10,000 10,000 20,000 10,000 5,000 886,193792,458504

504

3,174

3,174

30,000

30,000

THE HINDUSTAN TIMES LIMITED * ANNUAL REPORT 2i



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TIHlfSchedules to the Accounts

Tl

(Rs. in thousands)As at March 31, 2010 As at March 31, 2009

2,000,000 (Previous year Nil) in Sundaram BNP Paribas FTP 14 Months Serieis AA - Growth of Rs. 10 each 250,000 (Previous year Nil) in Tata Fixed Maturity Plan Series 25 Scheme B - High Investment Plan - Growth of Rs. 10 each 1 ,000,000 (Previous year Nil) in Taurus Fixed Maturity Plan 385 Days Series 1 - Institutional Growth of Rs. 10 each 500,000 (Previous year Nil) in UTI Fixed Maturity Plan - Yearly Series (YFMP 09 / 09) - Growth Plan of Rs. 10 each B.'other than Trade Investments (Unquoted) 30,000 (Previous year 30,000) Equity shares of USD 1/- each fully paid up in TVM Limited Less: Provision for diminution in the value of shares 25,000 (Previous year 25,000) equity shares of Rs. 10 each fully paid up in Paxton Trexim Private Limited

20,000 2,500 10,000 5,000-

1,050(1,050) 12,846

1,050(1,050) 12,846 50,000

5,000,000 (Previous year 5,000,000) 14% Cumulative non-convertible 50,000 preference shares in Jubilant Enpro Private Limited of Rs. 10 each ISIEmergingMarketsPDF in-microseccap1 from 125.99.75.25 on 2011-08-09 12:43:10 EDT. DownloadPDF. redeemable at par within a period of 20 years C. In Subsidiary Companies (Unquoted) Fully paid up equity shares of Rs. 10 each 1,092,182 (Previous year 1,092,182) in HTL Investments & Trading Co. Limited 760,532 (Previous year 760,532) in Shradhanjali Investment & Trading Co. Limited 4,500,000 (Previous year 4,500,000) in HT Interactive Media Properties Limited Less : Provision for diminution in the value of shares 2,500,000 (Previous year 2,500,000) equity shares in HT Music and Entertainment Company Limited of Rs. 1 each 50,000 (Previous year 50,000) in HT Films Limited 6 (Previous year 6) in White Tide Amusement Limited (formerly HT Amusement Limited) 50,000 (Previous year 50,000) in HT Education Limited (formerly Live Newscast Limited) Fully paid up preference shares 500,000 (Previous year 500,000) 10% non-cumulative preference shares in HTL Investment & Trading Company Limited of Rs. 10 each at a premium of Rs. 490 per share redeemable at Rs. 500 per preference share within a period of 20 years 600,000 (Previous year 600,000) 10% non-cumulative preference shares in Shradhanjali Investment & Trading Company Limited of Rs. 10 each at a premium of Rs. 490 per share redeemable at Rs. 500 per preference share within a period of 20 years 250,000500

10,923 7,606 45,000 (45,000) 2,500500

10,923 7,606 45,000 (45,000) 2,500500

500

250,000

300,000

300,000

14




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THE HINDUSTAN TIMES LIMITEDRegistered Office: Hindustan Times House, 18-20, Kasturba Gandhi Marg, New Delhi-110001ATTENDANCE SLIP Please complete this Attendance Slip and hand it over at the entrance of the meeting hall. Joint Shareholders may obtain additional attendance slip on request. Ledger Folio No. Name: Address: hereby record my presence at the 81st Annual General f Meeting of the Company to be held on Thursday, the 30th September, 2010 at 2 p.m. at Hall B, second floor, Hotel The3 Hans Plaza', 15, Barakhamba Road New Delhi-110001. Signatures of Shareholders / Proxy : No. of Shares held:

PROXY FORM

THE HINDUSTAN TIMES LIMITEDRegistered Office: Hindustan Times House, 18-20, 2011-08-09 12:43:10 EDT. DownloadPDF. ISIEmergingMarketsPDF in-microseccap1 from 125.99.75.25 on Kasturba Gandhi Marg, New Delhi-110001I / We of being a member of The Hindustan Times Limited, hereby appoint of or failing him of as / my our proxy in my / our absence to attend and vote for me / us and on my / our behaJf at the 81st Annual General Meeting of the Company to be held on Thursday, the 30th September, 2010 at 2 p.m. at Hall B, second floor, Hotel The Hans Plaza', 15, Barakhamba Road, New Delhi-110001, and / or at any adjournment hereof. Signed this day of 2010

Signature Ledger Folio No. Name: Address: NOTE: (a) The Proxy in order to be effective must be deposited at the Registered Office of the Company duly stamped, completed and signed, at least 48 hours before the time for holding of the meeting. (b) The Proxy form should be signed across the stamp as per specimen signature registered with the company. No. of Shares held:



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THE HINDUSTAN TIMES LIMITEDRegistered Office: Hindustan Times House, 18-20, Kasturba Gandhi Marg, New Delhi-110001NOTICE Notice is hereby given that the 81st Annual General Meeting of the members of The Hindustan Times Limited, will be held on Thursday, the 30th September, 2010, at 2.00 P.M. at Hall B, Second Floor, Hotel The Hans' Plaza, 15 Barakhamba Road, New Delhi-110001 to transact the following business: ORDINARY BUSINESS : ITEM NO. 1 Receive, consider and adopt the audited Balance Sheet ov the Company as at 31st March 2010, Profit and Loss Account for the year ended on that date and the reports of the Board of Directors and Auditors thereon. ITEM NO. 2 Declare dividend on Equity Shares for the year ended 31st March 2010. ITEM NO. 3 Appoint a Director in place of Smt Shobhana Bhartia, who retires by rotation and being eligible offers herself for reISIEmergingMarketsPDF in-microseccap1 from 125.99.75.25 on 2011-08-09 12:43:10 EDT. DownloadPDF. appointment.

ITEM NO. 4 Appoint a Director in place of Shri Priyavrat Bhartia, who retires by rotation and being eligible offers himself for reappointment. ITEM NO. 5 Appoint M/s BGJC & Associates, Chartered Accountants, New Delhi in place of M/s S.R.Batliboi & Co., Chartered Accountants, Gurgaon as the Statutory Auditors of the company to hold office upto the conclusion of the next Annual General Meeting and to fix their remuneration. "Resolved that M/s. BGJC & Associates, Chartered Accountants, New Delhi be and is hereby appointed as Statutory Auditors in place of M/s S.R.Batliboi & Co., Chartered Accountants, who have expressed their inability to continue as the Statutory Auditor, from the conclusion of this Annual General Meeting till the conclusion of the next Annual General Meeting on remuneration to be decided by the Board of Directors." SPECIAL BUSINESS ITEM NO. 6 To consider and, if thought fit to pass with or without modification(s), the following resolution as an Ordinary Resolution: "RESOLVED THAT pursuant to the provisions of Section 198, 269 and 309 read with Schedule XIII and other applicable provisions, if any, of the Companies Act, 1956 and approval of Central Government, if necessary, approval of the General Meeting be and is hereby accorded for the re-appointment of Shri V K Charoria, as Director & Company Secretary of the



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Company for a period of 5 years w.e.f. 1st June 2010 on the following terms and conditions including payment of remuneration, with liberty to the Board of Directors to alter and vary the terms and conditions and / or remuneration, not exceeding the limits specified under Schedule XIII to the Companies Act, 1956 including any statutory modification(s) or re-enactment thereof:S.No.

Particulars Salary Housing Medical re-imbursement Leave Travel Concession PF ContributionCar

1. 2. 3. 4. 5. 6. 7. 8. 9.10.

Rs. 1 lac per month House Rent Allowance which shall not exceed 55% of the salary or fully furnished residential accommodation, in lieu thereof For self and his family, subject to ceiling of Rs. 16, 0007- per annum For self and his family, once a year not exceeding Rs. 60,0007- per annum. Contribution to Provident Fund shall be as per rules of the Company. The Company shall provide car with driver for the Company business, the cost of which shall not exceed Rs.35, 0007- per month. Free Telephone facility at the residence for the Company's business As per Company's policy Gratuity and other retirement benefits shall be as per the rules of the Company. As decided by the Board from time to time.

Telephone Personal Accident Insurance Gratuity and other retirement benefits Performance based incentives


RESOLVED FURTHER THAT in case of absence or inadequacy of profits in any financial year during the tenure of his appointment the above remuneration shall be paid to him, as minimum remuneration subject to approval of the Central Government, if required, for the said financial year. RESOLVED FURTHER THAT any one Director of the Company be and is hereby authorized to take all such steps as may be necessary, proper or expedient to give effect to this resolution."

By Order of the Board Place: New Delhi Date : September 01, 2010 (V.K. Charoria) Director & Company Secretary

NOTES : 1. A member entitled to attend and vote at the meeting is entitled to appoint a proxy to attend and vote in his/ her stead and the proxy need not be a member of the Company. Proxies, in order to be effective, must be received by the Company at its registered office not less than 48 hours before the scheduled time of the meeting. A blank proxy form is annexed to this notice. 2. The Register of Members and Share Transfer Books of the Company shall remain closed from Friday, the 24th September 2010 to Thursday, the 30th September 2010 both days inclusive. 3. Explanatory statement pursuant to section 173(2) to special business is annexed herewith.



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EXPLANATORY STATEMENT PURSUANT TO SECTION 173(2) OF THE COMPANIES ACT. 1956 ITEM NO.5 M/s S.R.Batliboi & Co., Chartered Accountants, Gurgaon have expressed their inability to continue as the Statutory Auditor of the Company. The Company has received notice pursuant to Section 190 of the Companies Act, 1956 from a shareholder signifying his intention to propose appointment of M/s BGJC & Associates, Chartered Accountants, New Delhi as Statutory Auditor in place of M/s S.R.Batliboi & Co from the conclusion of this Annual General Meeting till the Conclusion of next Annual General Meeting. The Board recommends for appointment of M/s BGJC & Associates, Chartered Accountants as Statutory Auditor of the Company. ITEM NO.6 The Members of the Company at their Annual General Meeting held on 29th September 2007 had approved the appointment of Shri V.K.Charoria as Director & Company Secretary of the Company w.e.f. 1st June 2007 for a period of 3 (Three) years. The said period of appointment of Shri V.K.Charoria as Director & Company Secretary of the Company had expired on 31st May 2010. The Board of Directors of the Company at their meeting held on 28th May 2010 has, subject to the approval of members, unanimously approved the re-appointed of Shri V.K.Charoria as Director & Company Secretary of the Company w.e.f. 1st June 2010 for a further period of five years. An abstract of the terms of re-appointment pursuant to Section 302 of the 12:43:10 EDT. 1956 dated 28 ISIEmergingMarketsPDF in-microseccap1 from 125.99.75.25 on 2011-08-09 Companies Act,DownloadPDF. already been circulated to the members. Shri V.K.Charoria holds a degree in commerce (Hons.) from Calcutta University. He is also a member of The Institute of Company Secretaries of India and Institute of Cost and Works Accountant of India. He has been associated with the Company/Group for more than a decade and held various positions in the organization. Considering his experience and contribution made, the Board of Directors at its meeting held on 28th May 2010, had re-appointed him as Director & Company Secretary of the Company. The Board recommends the resolution set out at item 6 of the notice for your approval. None of the Directors except Shri V.K.Charoria is interested in the above resolution.th

May 2010 has

By Order of the Board Place : New Delhi Date : September 01, 2010 (V.K. Charoria) Director & Company Secretary



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TCSchedules to the Accounts(Rs. in thousands)

As at March 31, 2010D. In Subsidiary Company (Quoted) Fully paid up equity shares of Rs. 2 each 161,754,490 (Previous year 161,754,490) in HT Media Limited CURRENT INVESTMENTS E. Other than Trade Investments (Quoted) Units in Income fund of Mutual Fund 7835548.333 (Previous year Nil) in LICMF Savings Plus Fund Daily Dividend Plan of Rs. 10 each Nil (Previous year 586,177.73) in Reliance Medium Term Fund Daily Dividend Plan of Rs. 10 each F. Trade Investments (Quoted) Fully paid up equity shares 5 (Previous year 5) in Hero Honda Limited of Rs. 2 each 302,885 (Previous year 350,753) in Federal Bank Limited of Rs. 10 each* 1,88,000 (Previous year 218,951) in ICICI Bank Limited of Rs. 10 each* 18,204 (Previous year 18,204) in Jubilant Organosys Limited of Re. 1 each* 5 (Previous year 5) in Grasim Limited of Rs. 10 each 78,355 1,997,912


1,997,912

10021

451,158 117,211

459,243 137,921

2,218

2,218


6

693

105 (Previous year 105) in Asian Paints Limited of Rs. 10 each* 500 (Previous year 500) in HDFC Bank Limited of Rs. 10 each* 5,938 (Previous year 5,938) in PVR Limited of Rs. 10 each* 152 (Previous year 402) in Crisil Limited of Rs. 10 each Nil (Previous year 5,000) in Patni Computers Limited of Rs. 2 each 300 (Previous year 300) in Kotak Mahindra Bank Limited of Rs. 10 each* 700 (Previous year Nil) in Housing Development Finance Corporation Limited of Rs. 10 each 7,037 (Previous year Nil) in Aditya Birla Chemicals (India) Limited of Rs. 10 each 697 (Previous year Nil) in Goodyear India Ltd. of Rs. 10 each 6,693 (Previous year Nil) in Banco Products (I) Limited of Rs. 2 each 1,000 (Previous year Nil) in Rolta India Limited of Rs. 10 each 1,000 (Previous year Nil) in Indraprastha Gas Limited of Rs. 10 each 2,650 (Previous year Nil) in Aegis Logistics Limited of Rs. 10 each 105 (Previous year Nil) in Clariant Chemicals (India) Ltd. Of Rs. 10 each 492 (Previous year Nil) in Grindwell Norton Limited of Rs. 5 each 841 (Previous year Nil) in VST Industries Limited of Rs. 10 each 320 (Previous year Nil) in Fulford India Ltd. Of Rs. 10 each 100 (Previous year Nil) in TRF Limited of Rs. 10 each

93

493 574 371

493 574 980 524 256

2441,837 622 134 521 169 187 468 33 56 361 185 47

THE HINDUSTAN TIMES LIMITED o ANNUAL REPORT 2010 15



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TfiSchedules to the Accounts

UiSITED

(Rs. in thousands)As at March 31, 2010 As at March 31, 2009 -

1,040 (Previous year Nil) in Balkrishna Industries Limited of Rs. 10 each 1 ,825 (Previous year Nil) in Excel Crop Care Limited of Rs. 5 each 2,000 (Previous year Nil) in Vikas WSP Ltd of Rs. 1 each 8,000 (Previous year Nil) in HBL Power Systems Limited of Rs. 1 each 2,000 (Previous year Nil) in Balaji Amines Limited of Rs. 10 each 2,030 (Previous year Nil) in Polyplex Corporation Limited of Rs. 10 each 1,000 (Previous year Nil) in Tata Investment Corporation Limited of Rs. 10 each Less: Provision for diminution in the value of current investments* Aggregeite amount of quoted investments Market Value Rs. 25,868,739 thousands (Previous year Rs. 11,470,376 thousands) Aggregate amount of unquoted investments

608 258

68284 291 400 506

3,912,920133

3,671,256 76,732 3,594,524 3,036,381 634,875

3,912,787 3,278,045634,875

(i) The shares and units of mutual funds purchased and sold during the year are as below: Purchased (Rs. ISIEmergingMarketsPDF in-microseccap1 from 125.99.75.25 on 2011-08-09 12:43:10 EDT. DownloadPDF. In thousands) Fully paid up equity shares/units 107'60 Equity Shares of Rs. 2 each of Aban Offshore Limited 1200 Equity Shares of Rs. 1 each of Adani Enterprises Limited 7037 Equity Shares of Rs. 10 each of Aditya Birla Chemicals (India) Limited 2650 Equity Shares of Rs. 10 each of Aegis Logistics Limited 1100 Equity Shares of Rs. 10 each of Allahabad Bank 500 Equity Shares of Rs. 10 each of Ansal Housing and Construction Limited 6000 Equity Shares of Rs. 5 each of Ansal Properties & Infrastructure Limited 250 Equity Shares of Rs. 2 each of Areva T&D India Limited 3000 Equity Shares of Rs. 1 each of Assam Company India Limited 1000 Equity Shares of Rs. 2 each of Astra Microwave Products Limited 19860 Equity Shares of Rs. 1 each of Bajaj Hindusthan Limited 2000 Equity Shares of Rs. 10 each of Balaji Amines Limited 1040 Equity Shares of Rs. 10 each of Balkrishna Industries Limited 12439 Equity Shares of Rs. 1 each of Balrampur Chini Mills Limited 6693 Equity Shares of Rs. 2 each of Banco Products (I) Limited 100 Equity Shares of Rs. 5 each of Bharti Airtel Limited 5000 Equity Shares of Rs. 1.0 each of BPL Limited 1953 Equity Shares of Rs. 10 each of Cairn India Limited 1882219 Equity Shares of Rs. 10 each of Chambal Fertilizer & Chemicals Limited 500 Equity Shares of Rs. 10 each of Chennai Petroleum Corporation Limited

13,013

535 622 468134

28453

90 6489

4,089291 608

1,548 521 33 227 53793,735109




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Purchased 105 Equity Shares of Rs. 10 each of Clariant Chemicals (India) Ltd. 2000 Equity Shares of Rs. 10 each of Dewan Housing Finance Corporation Limited 2500 Equity Shares of Rs. 1 each of Dish TV India Limited 250 Equity Shares of Rs. 2 each of DLF Limited 2000 Equity Shares of Rs. 10 each of Dwarikesh Sugar Industries Limited 100 Equity Shares of Rs. 2 each of Educomp Solutions Limited 300 Equity Shares of Rs. 10 each of Essar Oil Limited 1825 Equity Shares of Rs. 5 each of Excel Crop Care Limited 100 Equity Shares of Rs. 1 each of Exide Industries Limited 500 Equity Shares of Rs. 10 each of Fulford India Ltd. 100 Equity Shares of Rs. 10 each of GAIL (India) Limited 200 Equity Shares of Rs. 1 each of GMR Infrastructure Limited 4300 Equity Shares of Rs. 1 each of Godrej Industries Limited 2197 Equity Shares of Rs. 10 each of Goodyear India Ltd. 338 Equity Shares of Rs. 10 each of Grasim Industries Limited 492 Equity Shares of Rs. 5 each of Grindwell Norton Limited 500 Equity Shares of Rs. 2 each of Gujarat Mineral Development Corporation Limited 1500 Equity Shares of Rs. 1 each of GVK Power & Infrastructure Limited 8000 Equity Shares of Rs. 1 each of HBL Power Systems Limited 100 Equity Shares of Rs. 10 each of Helios And Matheson Information Technology Limited 5200 Equity Shares of Rs. 1 each of Hindalco Industries Limited 1501 Equity Shares of Rs. 1 each of Hindustan Construction Company Limited 8150 Equity Shares of Rs. 1 each of Hindustan Unilever Limited 1100 Equity Shares of Rs. 10 each of Housing Development and Infrastructure Limited 700 Equity Shares of Rs. 10 each of Housing Development Finance Corporation Limited 9000 Equity Shares of Rs. 10 each of ICICI Bank Limited 400 Equity Shares of Rs. 10 each of ICICI Bank Limited 3900 Equity Shares of Rs. 10 each of IDBI Bank Limited 10000 Equity Shares of Rs. 10 each of IFCI Limited 1000 Equity Shares of Rs. 2 each of India Infoline Limited 100 Equity Shares of Rs. 2 each of Indiabulls Real Estate Limited 4000 Equity Shares of Rs. 10 each of Indowind Energy Limited 1000 Equity Shares of Rs. 10 each of Indraprastha Gas Limited 1 Equity Shares of Rs. 5 each of Infosys Technologies Limited 3000 Equity Shares of Rs. 10 each of Ispat Industries Limited 600 Equity Shares of Rs. 1 each of ITC Limited 2000 Equity Shares of Rs. 10 each of Jaiprakash Power Ventures Limited 1200 Equity Shares of Rs. 10 each of Jayshree Tea & Industries Limited 701 Equity .Shares of Rs. 10 each of Jet Airways (India) Limited

(Rs. In thousands) 33 295 84 112 228 318 50 258 10 290 38 28 717 423 772 56 56 61 284 6 594 156 2,190 270 1,837 4,231 297 435 520 132 29 189 187 2 68 138 169 364 299

17073 Equity Shares of in-microseccap1 Infosystems Limited 2,516 ISIEmergingMarketsPDF Rs. 2 each of HCL from 125.99.75.25 on 2011-08-09 12:43:10 EDT. DownloadPDF.

THE InkNBUSTAN TlMES LIMITED o ANNUAL DEPORT 2l



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TOE G-WDUSIMS TilPurchased 6859 Equity Shares of Rs. 10 each of Jindal South West Holdings Limited 200 Equity Shares of Rs. 10 each of Kalindee Rail Nirman (Engineers) Limited 2000 Equity Shares of Rs. 1 each of KCP Sugar and Industries Corporation Limited 550 Equity Shares of Rs. 10 each of Kingfisher Airlines Limited 8000 Equity Shares of Rs. 10 each of Kotak Mahindra Bank Limited 50 Equity Shares of Rs. 2 each of Larsen & Toubro Limited 980 Equity Shares of Rs. 10 each of LIC Housing Finance Limited 150 Equity Shares of Rs. 5 each of Mahindra & Mahindra Limited 200 Equity Shares of Rs. 10 each of Mangalore Refinery and Petrochemicals Limited 2050 Equity Shares of Rs. 5 each of Maruti Suzuki India Limited 1000 Equity Shares of Rs. 10 each of Maytas Infra Limited 7920 Equity Shares of Rs. 5 each of Mcleod Russel India Limited 100 Equity Shares of Rs. 10 each of MphasiS Limited 25 Equity Shares of Rs. 10 each of Mundra Port and Special Economic Zone Limited 600 Equity Shares of Rs. 2 each of Nagarjuna Construction Company Limited 7100 Equity Shares of Rs. 10 each of Nagarjuna Fertilizer & Chemicals Limited 300 Equity Shares of Rs. 10 each of Neyveli Lignite Corporation Limited 400 Equity Shares of Rs. 10 each of NHPC Limited 1520 Equity Shares of Rs. 10 each of NTPC Limited 300 Equity Shares of Rs. 10 each of Oil & Natural Gas Corpn Limited ISIEmergingMarketsPDF in-microseccap1 from 125.99.75.25 on 2011-08-09 12:43:10 EDT. DownloadPDF. 2000 Equity Shares of Rs. 10 each of Omaxe Limited 4500 Equity Shares of Rs. 10 each of Orbit Corporation Limited 500 Equity Shares of Rs. 10 each of Orchid Chemicals & Pharmaceuticals Limited 600 Equity Shares of Rs. 10 each of Parsvnath Developers Limited 2000 Equity Shares of Rs. 10 each of Pipavav Shipyard Limited 500 Equity Shares of Rs. 5 each of Polaris Software Lab Limited 2030 Equity Shares of Rs. 10 each of Polyplex Corporation Limited 1 Equity Shares of Rs. 10 each of Power Finance Corporation Limited 1800 Equity Shares of Rs. 2 each of Praj Industries Limited 500 Equity Shares of Rs. 2 each of Punj Lloyd Limited 491972 Equity Shares of Rs. 10 each of PVP Venture Limited 430 Equity Shares of Rs. 10 each of Reliance Capital Limited 1000 Equity Shares of Rs. 5 each of Reliance Communications Limited 1092 Equity Shares of Rs. 10 each of Reliance Industries Limited 600 Equity Shares of Rs. 10 each of Reliance Infrastructure Limited 10201 Equity Shares of Rs. 5 each of Reliance Natural Resources Limited 502 Equity Shares of Rs. 10 each of Reliance Power Limited 1400 Equity Shares of Rs. 10 each of Resurgere Mines & Minerals India Limited 1000 Equity Shares of Rs. 10 each of Rolta India Limited 134 Equity Shares of Rs. 10 each of Rural Electrification Corporation Limited ( Rs - ln thousands) 11,844 45 57 36 6,482 74 814 122 19 2,940 65 1,441 63 13 87 237 37 15 351 296 216 . 8 1 2 57 82 106 72 400 0 193 129 14,392 404 334 1,727 699 898 100 167 169 29




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Purchased 1000 Equity Shares of Rs. 2 each of Satyam Computer Services Limited 5236 Equity Shares of Rs. 1 each of Sesa Goa Limited 200 Equity Shares of Rs. 1 each of Shree Renuka Sugars Limited 550 Equity Shares of Rs. 2 each of Siemens Limited 475 Equity Shares of Rs. 10 each of State Bank of India 500 Equity Shares of Rs. 10 each of Steel Authority of India Limited 600 Equity Shares of Rs. 1 each of Sterlite Industries ( India ) Limited 300 Equity Shares of Rs. 5 each of Sun TV Network Limited 2600 Equity Shares of Rs. 2 each of Suzlon Energy Limited 200 Equity Shares of Rs. 2 each of Taj GVK Hotels & Resorts Limited 500 Equity Shares of Rs. 1 each of Tanla Solutions Limited 200 Equity Shares of Rs. 1 each of Tata Consultancy Services Limited 1000 Equity Shares of Rs. 10 each of Tata Investment Corporation Limited 1725 Equity Shares of Rs. 10 each of Tata Power Company Limited 2120 Equity Shares of Rs. 10 each of Tata Steel Limited 800 Equity Shares of Rs. 10 each of The Andhra Sugars Limited 2000 Equity Shares of Rs. 10 each of The Bank of Rajasthan Limited 3345 Equity Shares of Rs. 10 each of The Dhampur Sugar Mills Limited 3798 Equity Shares of Rs. 1 each of The Indian Hotels Company Limited

(Rs. In thousands)

78 1,217 43 303 1,033 84520

89274

26 35

135 5062,306

1,023 108 192 311260

300 Equity Shares of Rs. 10 each of The from 125.99.75.25 on 2011-08-09 12:43:10 EDT. DownloadPDF. ISIEmergingMarketsPDF in-microseccap1 Sandesh Limited 300 Equity Shares of Rs. 10 each of The South Indian [Bank Limited 100 Equity Shares of Rs. 10 each of TRF Limited 35400 Equity Shares of Rs. 2 each of Unitech Limited 5400 Equity Shares of Rs. 10 each of United Breweries (Holdings) Limited 2200 Equity Shares of Rs. 10 each of Videocon Industries Limited 2000 Equity Shares of Rs. 10 each of Vijaya Bank 2000 Equity Shares of Rs. 1 each of Vikas WSP Ltd 1000 Equity Shares of Rs. 1 each of Voltas Limited 841 Equity Shares of Rs. 10 each of VST Industries Limited 600 Equity Shares of Rs. 10 each of Yes Bank Limited 1 Equity Shares of Rs. 10 each of Bombay Dyeing & Mfg Company Limited 440 Equity Shares of Rs. 10 each of Calcom Vision Limited 320 Equity Shares of Rs. 2 each of Sintex Industries Limited 1000000 Units of Rs. 10 each of Bharti Axa Fixed Maturity Plan Series C Plan 1 - Growth 1000000 Units of Rs. 10 each of DWS Fixed Term Fund Series 67 - Growth Plan 1000000 Units of Rs. 10 each of HDFC FMP 18M October 2009 - Growth - Series XI 2000000 Units of Rs. 10 each of HDFC FMP 14M March 2010 - Growth - Series XII 1000000 Units of Rs. 10 each of ICICI Prudential FMP Series 51-13 Months Plan C Cumulative 500000 Units of Rs. 10 each of S494 Sundaram BMP Paribas FTP 367 days series P - Growth 2000000 Units of Rs. 10 each of SBNPP FTP 14 Months Series AA - Growth

58

41 47 3,054 1,197562

103 68 139 361 112 0 1 34 10,000 10,000 10,000 20,000 10,000 5,000 20,000

THE HINDUSTAN TIMES LIMITED o ANNUAL REPORT 2010 119



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TOE IHWDUSTON TOMES LDUDTHPurchased 250000 Units of Rs. 10 each of TATA Fixed Maturity Plan Series 25 Scheme B - High Investment Plan - Growth 1000000 Units of Rs. 10 each of Taurus Fixed Maturity Plan 3654 Days Series 1 - Institutional Growth 500000 Units of Rs. 10 each of UTI - Fixed Maturity Plan - Yearly Series (YFMP 09 / 09) - Growth Plan 175'35548.333 Units of Rs. 10 each of LICMF Savings Plus Fund - Daily Dividend Plan 3034697.346 Units of Rs. 10 each of JM Money Manager Fund Super Plus Plan - Daily Dividend (171) 800114,437 Units of Rs. 10 each of TATA Floater Fund - Weekly Dividend 455256.444 Units of Rs. 10 each of Reliance Medium Term Fund - Daily Dividend Plan 1421542.864 Units of Rs. 10 each of Birla Sun Life Savings Fund - Institutional Weekly Dividend - Reinvestment 2474575.235 Units of Rs. 10 each of Birla Sun Life Savings Fund - Retail Weekly Dividend - Reinvestment 4640506.763 Units of Rs. 10 each of HDFC Cash Management Fund - Treasury Advantage Plan - Retail - Daily Dividend - Option - Reinvest 20385.772 Units of Rs. 1000 each of Reliance Money Manager Fund-Institutional Option - Daily Dividend Plan 4050819.454 Units of Rs. 10 each of Baroda Pioneer Treasury Advantage Fund Institutional Daily Dividend Plan SoldISIEmergingMarketsPDF in-microseccap1 from 125.99.75.25 on 2011-08-09 12:43:10 EDT. DownloadPDF.

(Rs. In thousands) 2,500 10,000 5,000 175,355 30,363 8,069 7,783 14,239 24,773 46,551 20,409 40,545

Fully paid up equity shares/units

107'60 Equity Shares of Rs. 2 each of Aban Offshore Limited 1200 Equity Shares of Rs. 1 each of Adani Enterprises Limited 1100 Equity Shares of Rs. 10 each of Allahabad Bank 500 Equity Shares of Rs. 10 each of Ansal Housing and Construction Limited 6000 Equity Shares of Rs. 5 each of Ansal Properties & Infrastructure Limited 250 Equity Shares of Rs. 2 each of Areva T&D India Limited 3000 Equity Shares of Rs. 1 each of Assam Company India Limited 1000 Equity Shares of Rs. 2 each of Astra Microwave Products Limited 19860 Equity Shares of Rs. 1 each of Bajaj Hindusthan Limited 12439 Equity Shares of Rs. 1 each of Balrampur Chini Mills Limited 100 Equity Shares of Rs. 5 each of Bharti Airtel Limited 5000 Equity Shares of Rs. 10 each of BPL Limited 1953 Equity Shares of Rs. 10 each of Cairn India Limited 500 Equity Shares of Rs. 10 each of Chennai Petroleum Corporation Limited 250 Equity Shares of Rs. 10 each of Crisil Limited 2000 Equity Shares of Rs. 10 each of Dewan Housing Finance Corporation Limited 2500 Equity Shares of Rs. 1 each of Dish TV India Limited 250 Equity Shares of Rs. 2 each of DLF Limited 2000 Equity Shares of Rs. 10 each of Dwarikesh Sugar Industries Limited 100 Equity Shares of Rs. 2 each of Educomp Solutions Limited

13,038 541 134 29 472 87 64 89 4,089 1,555 33 224 535 110 735 297 101 114 216 317




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3HTED)Sold 300 Equity Shares of Rs. 10 each of Essar Oil Limited 100 Equity Shares of Rs. 1 each of Exide Industries Limited 47868 Equity Shares of Rs. 10 each of Federal Bank Limited 180 Equity Shares of Rs. 10 each of Fulford India Ltd. 100 Equity Shares of Rs. 10 each of GAIL (India) Limited 200 Equity Shares of Rs. 1 each of GMR Infrastructure Limited 4300 Equity Shares of Rs. 1 each of Godrej Industries Limited 1500 Equity Shares of Rs. 10 each of Goodyear India Ltd. 338 Equity Shares of Rs. 10 each of Grasim Industries Limited 500 Equity Shares of Rs. 2 each of Gujarat Mineral Development Corporation Limited 1500 Equity Shares of Rs. 1 each of GVK Power & Infrastructure Limited 17073 Equity Shares of Rs. 2 each of HCL Infosystems Limited 100 Equity Shares of Rs. 10 each of Helios And Matheson Information Technology Limited 5200 Equity Shares of Rs. 1 each of Hindalco Industries Limited 1501 Equity Shares of Rs. 1 each of Hindustan Construction Company Limited 8150 Equity Shares of Rs. 1 each of Hindustan Unilever Limited 1100 Equity Shares of Rs. 10 each of Housing Development and Infrastructure Limited 39951 Equity Shares of Rs. 10 each of ICICI Bank Limited 400 Equity Shares of Rs. 10 each of ICICI Bank LimitedISIEmergingMarketsPDF in-microseccap1 from 125.99.75.25 on 2011-08-09 12:43:10 EDT. DownloadPDF.

(Rs. In thousands) 49 12 10,169 139 38 28 728 404 773 56 62 2,302 6 591 156 2,189 270 29,079 302 428 519 130 24 187 2 67 139 167 360 266 11,429 45 57 35 6,296 74 814 122 19 2,930

3900 Equity Shares of Rs. 10 each of IDBI Bank Limited 10000 Equity Shares of Rs. 10 each of IFCI Limited

1000 Equity Shares of Rs. 2 each of India Infoline Limited 100 Equity Shares of Rs. 2 each of Indiabulls Real Estate Limited 4000 Equity Shares of Rs. 10 each of Indowind Energy Limited 1 Equity Shares of Rs. 5 each of Infosys Technologies Limited 3000 Equity Shares of Rs. 10 each of Ispat Industries Limited 600 Equity Shares of Rs. 1 each of ITC Limited 2000 Equity Shares of Rs. 10 each of Jaiprakash Power Ventures Limited 1200 Equity Shares of Rs. 10 each of Jayshree Tea & Industries Limited 701 Equity Shares of Rs. 10 each of Jet Airways (India) Limited 6859 Equity Shares of Rs. 10 each of Jindal South West Holdings Limited 200 Equity Shares of Rs. 10 each of Kalindee Rail Nirman (Engineers) Limited 2000 Equity Shares of Rs. 1 each of KCP Sugar and Industries Corporation Limited 550 Equity Shares of Rs. 10 each of Kingfisher Airlines Limited 8000 Equity Shares of Rs. 10 each of Kotak Mahindra Bank Limited 50 Equity Shares of Rs. 2 each of Larsen & Toubro Limited 980 Equity Shares of Rs. 10 each of LIC Housing Finance Limited 150 Equity Shares of Rs. 5 each of Mahindra & Mahindra Limited 200 Equity Shares of Rs. 10 each of Mangalore Refinery and Petrochemicals Limited 2050 Equity Shares of Rs. 5 each of Maruti Suzuki India Limited




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Sold 1000 Equity Shares of Rs. 10 each of Maytas Infra Limited 7920 Equity Shares of Rs. 5 each of Mcleod Russel India Limited 100 Equity Shares of Rs. 10 each of MphasiS Limited 25 Equity Shares of Rs. 10 each of Mundra Port and Special Economic Zone Limited 600 Equity Shares of Rs. 2 each of Nagarjuna Construction Company Limited 7100 Equity Shares of Rs. 10 each of Nagarjuna Fertilizer & Chemicals Limited 300 Equity Shares of Rs. 10 each of Neyveli Lignite Corporation Limited 400 Equity Shares of Rs. 10 each of NHPC Limited 1520 Equity Shares of Rs. 10 each of NTPC Limited 300 Equity Shares of Rs. 10 each of Oil & Natural Gas Corpn Limited 2000 Equity Shares of Rs. 10 each of Omaxe Limited 4500 Equity Shares of Rs. 10 each of Orbit Corporation Limited 500 Equity Shares of Rs. 10 each of Orchid Chemicals & Pharmaceuticals Limited 600 Equity Shares of Rs. 10 each of Parsvnath Developers Limited 5000 Equity Shares of Rs. 2 each of Patni Computers Limited 2000 Equity Shares of Rs. 10 each of Pipavav Shipyard Limited 500 Equity Shares of Rs. 5 each of Polaris Software Lab Limited

(Rs. In thousands) 63 1,439 64 13 88 234 37 14 348 297 217 818 58 83 1,098 108 72 0 193 130 9,366 406 335 1,733 697 910 100 166 29 79 1,211 44 302 1,031 84

ISIEmergingMarketsPDF in-microseccap1 from 125.99.75.25 on 2011-08-09 12:43:10 EDT. DownloadPDF. 1 Equity Shares of Rs. 10 each of Power Finance Corporation Limited

1800 Equity Shares of Rs. 2 each of Praj Industries Limited 500 Equity Shares of Rs. 2 each of Punj Lloyd Limited 491972 Ezquity Shares of Rs. 10 each of PVP Venture Limited 430 Equity Shares of Rs. 10 each of Reliance Capital Limited 1000 Equity Shares of Rs. 5 each of Reliance Communications Limited 1094 Equity Shares of Rs. 10 each of Reliance Industries Limited 600 Equity Shares of Rs. 10 each of Reliance Infrastructure Limited 10201 Equity Shares of Rs. 5 each of Reliance Natural Resources Limited 500 Equity Shares of Rs. 10 each of Reliance Power Limited 1400 Equity Shares of Rs. 10 each of Resurgere Mines & Minerals India Limited 134 Equity Shares of Rs. 10 each of Rural Electrification Corporation Limited 1000 Equity Shares of Rs. 2 each of Satyam Computer Services Limited 5236 Equity Shares of Rs. 1 each of Sesa Goa Limited 200 Equity Shares of Rs. 1 each of Shree Renuka Sugars Limited 550 Equity Shares of Rs. 2 each of Siemens Limited 475 Equity Shares of Rs. 10 each of State Bank of India 500 Equity Shares of Rs. 10 each of Steel Authority of India Limited




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Sold600 Equity Shares of Rs. 1 each of Sterlite Industries ( India ) Limited 300 Equity Shares of Rs. 5 each of Sun TV Network Limited 2600 Equity Shares of Rs. 2 each of Suzlon Energy Limited 200 Equity Shares of Rs. 2 each of Taj GVK Hotels & Resorts Limited 500 Equity Shares of Rs. 1 each of Tanla Solutions Limited 200 Equity Shares of Rs. 1 each of Tata Consultancy Services Limited 1725 Equity Shares of Rs. 10 each of Tata Power Company Limited 2120 Equity Shares of Rs. 10 each of Tata Steel Limited 800 Equity Shares of Rs. 10 each of The Andhra Sugars Limited 2000 Equity Shares of Rs. 10 each of The Bank of Rajasthan Limited 3345 Equity Shares of Rs. 10 each of The Dhampur Sugar Mills Limited 3798 Equity Shares of Rs. 1 each of The Indian Hotels Company Limited 300 Equity Shares of Rs. 10 each of The Sandesh Limited 300 Equity Shares of Rs. 10 each of The South Indian Bank Limited 35400 Equity Shares of Rs. 2 each of Unitech Limited 5400 Equity Shares of Rs. 10 each of United Breweries (Holdings) Limited 2200 Equity Shares of Rs. 10 each of Videocon Industries Limited

(Rs. In thousands) 519 88 273 26 34 135 2,309 1,020 109 193 312 264 57 41 3,039 1,200 560 100 136 112 0 1 49 97,000 30,363 8,067 17,804 14,229 24,762 46,551 20,409 40,545


2000 Equity Shares of Rs. 10 each of Vijaya Bank

1000 Equity Shares of Rs. 1 each of Voltas Limited 600 Equity Shares of Rs. 10 each of Yes Bank Limited 1 Equity Shares of Rs. 10 each of Bombay Dyeing & Mfg Company Limited 440 Equity Shares of Rs. 10 each of Calcom Vision Limited 320 Equity Shares of Rs. 2 each of Sintex Industries Limited 9700000 Units of Rs. 10 each of LICMF Savings Plus Fund - Daily Dividend Plan 3034697.346 Units of Rs. 10 each of JM Money Manager Fund Super Plus Plan - Daily Dividend (171) 800114.437 Units of Rs. 10 each of TATA Floater Fund - Weekly Dividend 1041434.178 Units of Rs. 10 each of Reliance Medium Term Fund - Daily Dividend Plan 1421542.864 Units of Rs. 10 each of Birla Sun Life Savings Fund - Institutional Weekly Dividend - Reinvestment 2474575.235 Units of Rs. 10 each of Birla Sun Life Savings Fund - Retail Weekly Dividend - Reinvestment 4640506.763 Units of Rs. 10 each of HDFC Cash Management Fund - Treasury Advantage Plan - Retail - Daily Dividend - Option - Reinvest 20385.772 Units of Rs. 1000 each of Reliance Money Manager Fund-Institutional Option - Daily Dividend Plan 4050819.454 Units of Rs. 10 each of Baroda Pioneer Treasury Advantage Fund Institutional Daily Dividend Plan


23



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ITDSchedules to the Accounts

LDUDTIS(Rs. in '000)



Schedule 6 : Deferred Tax Liabilities/Assets (net) Deferred Tax Assets Differences in depreciation in block of fixed assets as per tax books and financial books Carry forward of unabsorbed depreciation Effect of expenditure debited to profit and loss account in the current year but allowable for tax purposes in following years Provision for doubtful debts and advances Deferred Tax Assets Less: Allowance of Deferred Tax Assets (Not recognized) Net Deferred Tax (Liability)/Asset *Refer Note No. 3 of Schedule 19 Schedule 7 : Sundry Debtors Debts outstanding for a period exceeding six months Secured, considered good Unsecured, considered good1,422758

18,194-

18,949 57,813 67,5041,718

79,2455,481

102,920

145,984 63,484

102,920

82,500

-

1,415 1,614

Unsecured, considered doubtful 3,315 ISIEmergingMarketsPDF in-microseccap1 from 125.99.75.25 on 2011-08-09 12:43:10 EDT. DownloadPDF. Other debts Secured, considered good Unsecured, considered good Unsecured, considered doubtful Less : Provision for doubtful debts 31,874-

3,724 2,646

1,70111,858

36,6113,315

3,3158,543

33,296 Included in Sundry Debtors are: (i) Due from Companies under the same management within the meaning of Section 370 (1B) of the Companies Act,1956 HT Media Limited HT Music & Entertainment Company Limited (ii) Maximum amount outstanding during the year HT Media Limited HT Music & Entertainment Company Limited8,441

3,8093,491

19,570 3,491

36,934

4,938

THE HINDUSTAN TIMES LIMITED o ANNUAL REPORT



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Schedules to the AccountsAs at March 31, 2010(Rs. in '000) As at March 31, 2009

Schedule 8 : Cash and Bank Balances Cash on hand Balances with scheduled banks: On current accounts On deposit accounts (including Rs.146,48 thousands (previous year Rs. 1,846 thousands) lying with bank as margin money & with government departments) Unpaid dividend account 3,020 14,648

100

11

23,498 1,847

304

306

18,072 Schedule 9 : Other Current Assets Interest accrued on deposits and loans (including Rs. 71 thousands, Previous year Rs.71 thousands considered doubtful) Dividend on investment in a subsidiary Interest accrued on Income tax refund Less : Provision for doubtful receivables 58,232 4,376 82,58071ISIEmergingMarketsPDF in-microseccap1 from 125.99.75.25 on 2011-08-09 12:43:10 82,509 EDT. DownloadPDF.

25,662

19,972

15,920

48,526-

64,44671

64,375198

Asset held for resale

-

82,509 Included in Other Current Assets are: (i) Due from Companies under the same management within the meaning of Section 370 (1B) of the Companies Act, 1956 (a) Shradhanjali Investments & Trading Company Limited (b) HTL Investment & Trading Company Limited (ii) Maximum amount outstanding during the year (a) Shradhanjali Investments & Trading Company Limited (b) HTL Investment & Trading Company Limited

64,573

4,500 6,750 5,000 7,500

5,000 7,500 5,000 7,500

THE [HINDUSTAN TIMES LIMITED o ANNUAL [REPORT 2i



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TlSchedules to the Accounts

LliilT!

(Rs. in '000)



Schedule 10 : Loans and Advances Unsecured, considered good Advances recoverable in cash or kind or for value to be received Deposits - others Loam to HT Group Companies - Employee Stock Option Trust (Refer Note no. 17 of Schedule 19) Advances and loans to subsidiaries Inter Corporate Deposits Cenvat / Service tax recoverable Advance towards purchase of property (to be Considered as investment in properties) Advance payment of income tax/ tax deducted at source (Net of Provision for Taxation of Rs.96,480 thousands, previous year Rs. 45,480 thousands ) Unsecured, considered doubtful Advances recoverable in cash or kind or for value to be received Inter-corporate deposits Less: Provision for doubtful advances and deposits 10,4711,667

38,5545,112

17,536 4,200

10,055 196,935 145,3991,042

10,045 224,710 62,5001,733

-

12,410 47,882

59,286

10,4711,667


468,521

393,154 12,138 381,016

12,738 455,783

Included in Loans and Advances are: (i) Due from a Director of the Company [Maximum amount outstanding during the year Rs.741 thousands (Previous year Rs. 924 thousands)] Due from companies under the same management within the meaning of Section 370 (1B) of the Companies Act, 1956: (a) HT Films Limited (b) Shradhanjali Investments & Trading Company Limited (c) HTL Investment & Trading Company Limited Maximum amount outstanding during the year (a) HT Films Limited (b) Shradhanjali Investments & Trading Company Limited (c) HTL Investment & Trading Company Limited (d.) Go4i.com India Private Limited (e)White Tide Amusement Limited (f)HT Education Limited (Formerly Live Newscast Limited)

548

741

(ii)

200

200131,575 92,735

118,775 77,360200

200434,775 361,885

131,575 92,735

45127

18

JH$ HINDUSTAN TIMES LIMITED . ANNUAL REPORT 2010



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LS11TEDSchedules to the Accounts(Rs. in '000)



Schedule 11 : Current Liabilities Sundry creditors (a) total outstanding dues to Micro and Small Enterprises (Refer note no. 17 of Schedule 19) (b) total outstanding dues of creditors other than Micro and Small Enterprises Investor Education and Protection Fund shall be credited by following amounts viz : Unpaid dividend Book overdraft from a Bank Advance from customers (Income received in Advance) Sundry deposits Other Liabilities301 306

231,609

379,785

27,113 24,798 453,712 4,047 741,580

-

61,256 314,491

1,080756,918

Schedule 12: Provisions Proposed dividend Fringe Benefit Tax Provision for Wealth Tax Gratuity Voluntary Retirement Compensation Opening Balance Additions during the year Paid during the year Closing Balance Provision for Compensation to a Shareholder of erstwhile Joint Venture Company (ceased w.e.f. March 29, 2004) - Opening and Closing Balance184 184

5,316797 160

5,316220 584 520 166

670 Compensated Absences ISIEmergingMarketsPDF in-microseccap1 from 125.99.75.25 on 2011-08-09 12:43:10 EDT. DownloadPDF.

184 112,656

184112,656

119,783

119,646

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UMTEDSchedules to the Accounts(Rs. in '000)

For the year ended March 31, 2010 Schedule 13 : Turnover Rent from Properties Service and Maintenance Charges Dividend income (From long term investments - other than trade) Investments in Subsidiaries Other investments Dividend income (From Current Investments) (Trade Investments) (Net) Interest (Gross of TDS) on: Bank deposits (TDS Rs.55 thousands, Previous year Rs. 130 thousands) Inter Corporate Deposits (TDS Rs 1180 thousands, Previous year Rs. 884 thousands ) Inter Corporate Deposits to Subsidiaries (TDS Rs. 1250, Previous year Rs. Nil ) Income Tax Refund Others (TDS Rs Nil, Previous year Rs. Nil) 519 11,797 12,500 5,177 2,273 58,232 81,188 8,277 293,483 206,229

For the year ended March 31, 2009

283,166 141,158 112,920 79,581 5,539 529 4,266 12,500 3,187 142 642,988

679,675Schedule 14 : Other Income Miscellaneous receipts (including amounts written back of Provision for diminution in the value of current investments - trade Written Back 15,171 75,575 90,746 Schedule 15 : Personnel Expenses Salaries, wages and bonus Contribution to provident fund Contribution to gratuity fund (Refer note no 13 of Schedule 19) Workmen and staff welfare expenses 13,112632 160 348

6,983

ISIEmergingMarketsPDF previous year Rs. 1,119 125.99.75.25 on 2011-08-09 12:43:10 EDT. DownloadPDF. Rs. 901 thousands, in-microseccap1 from thousands)

6,983

12,212658 166 785

14,252

13,821

28




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LDH0TISchedules to the Accounts(Rs. in '000)



Schedule 16 : Operating and Other Expenses Electricity and Water Charges Advertising and sales promotion Rent Rates and taxes (net of recovery Rs.37,695 thousands, Previous year Rs. 43,473 thousands) Insurance Repairs and maintenance: - Plant and Machinery - Buildings Travelling and conveyance Communication costs Legal and professional fees Auditor's remuneration - Audit fee - Tax audit fee - Certification etc. Irrecoverable balances written off Loss on sale of investments (Trade Investments) (Net) * Donations Provision for diminution in the value of current investments - trade Loss on disposal of fixed assets (net) Service Charges Housekeeping and Security Miscellaneous expenses364 392

9,02467744

21,4115372

37,9071,142

39,647465

4,989 17,113 14,165665

3,7081,032

10,499589

26,865

27,245

40 18422 240

44 15451

ISIEmergingMarketsPDF in-microseccap1 DownloadPDF. Provision for doubtful debts and advances from 125.99.75.25 on 2011-08-09 12:43:10 EDT. 600

1,772

1,87738,014

57,6766,821

6,07167,854 4,902

35 95

5,57115,787

20,2418,019

5,612252,884

206,830

* Net of profit on short term investments of Rs. 2,240 thousands and includes loss on derivative/share transactions of Rs. 59,916 thousands (Previous year net of profit on long term investments of Rs. 27,649 thousands and includes loss on derivative transactions of Rs. 50,904 thousands)

THE HINDUSTAN TIMES LIMITED o ANNUAL REPORT



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Schedules to the Accounts For the year ended

hindustan times ltd-10

Documents

companies act

subsidiary companies

statutory auditors

financial year

provisions of section

smt shobhana bhartia

previous year profit

new delhi