391909

Bennett Coleman And Company Limited
Standalone 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 INR
01/04/2013
to
31/03/2014
Bennett
Coleman
And
Company Limited
U22120MH1913PLC000391
AAACB4373Q
Times Of India Bldgd N Road
,
Mumbai
,
Maharashtra
,
MAHARASHTRA , INDIA
Commercial
and
Industrial
13/08/2014
12 Months
01/04/2013
31/03/2014
Standalone
Statement of Profit & Loss
INR
Crores
Indirect Method
Name of company
Corporate identity number
Permanent account number of entity
Address of registered office of company
Type of industry
Date of board meeting when final accounts were approved
Period covered by financial statements
Date of start of reporting period
Date of end of reporting period
Nature of report standalone consolidated
Content of report
Description of presentation currency
Level of rounding used in financial statements
Type of cash flow statement
01/04/2012
to
31/03/2013
01/04/2012
31/03/2013
Disclosure of principal product or services [Table]
..(1)

Types of principal product or services [Axis]
Disclosure 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
Description of product or service category
Turnover of product or service category
Highest turnover contributing product or service (ITC 8 digit) code
Description of product or service
Turnover of highest contributing product or service
9961_A213
9983_A214
01/04/2013
to
31/03/2014
01/04/2013
to
31/03/2014
9961
9983
OTHER
PROFESSIONAL,
WHOLESALE
TECHNICAL AND
TRADE SERVICES
BUSINESS
SERVICES
583.25
4,683.8
99611512
99836310
Newspapers
Sale of Advertising
&Periodicals in print space in Print media
583.25
4,683.8
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

01/04/2013
to
31/03/2014
Statement 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
Revenue from sale of services
Other operating revenues
Total revenue from operations other than finance company
Total revenue from operations
Other income
Total revenue
Expenses [Abstract]
Cost of materials consumed
Purchases of stock-in-trade
Changes in inventories of finished goods, work-in-progress and
stock-in-trade
Employee benefit expense
Finance costs
Depreciation, depletion and amortisation expense [Abstract]
Depreciation expense
Total depreciation, depletion and amortisation expense
Other expenses
Total expenses
Total profit before prior period items, exceptional items, extraordinary
items and tax
Total profit before extraordinary items and tax
Total profit before tax
Tax expense [Abstract]
Current tax
Deferred tax
Total tax expense
Total profit (loss) for period from continuing operations
Total profit (loss) for period before minority interest
Total profit (loss) for period
Earnings per equity share [Abstract]
Basic earning per equity share
Diluted earnings per equity share
Footnotes
(A) Represents: Cost of Traded Products/Services
(B) Represents: Cost of Traded Products/Services
01/04/2012
to
31/03/2013
58.59
5,288.61
206.43
5,553.63
5,553.63
105.99
5,659.62
52.38
4,796.19
193.06
5,041.63
5,041.63
108.79
5,150.42
1,538.17
1,464.55
(A) 54.76
(B) 46.45
937.17
32.63
816.38
13.07
249.7
249.7
1,551.77
4,364.2
227.53
227.53
1,487.19
4,055.17
1,295.42
1,095.25
1,295.42
1,295.42
1,095.25
1,095.25
396.32
77.94
474.26
821.16
821.16
821.16
330.49
25.14
355.63
739.62
739.62
739.62
[INR/shares] 28.62
[INR/shares] 28.27
[INR/shares] 25.77
[INR/shares] 25.45
[300500] Notes - Subclassification and notes on income and expenses

01/04/2013
to
31/03/2014
01/04/2012
to
31/03/2013
Subclassification 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
Total revenue from sale of products
Disclosure of revenue from sale of services [Abstract]
Revenue from sale of services [Abstract]
Revenue from sale of services, gross
Total revenue from sale of services
Disclosure of other operating revenues [Abstract]
Other operating revenues [Abstract]
Miscellaneous other operating revenues
Total other operating revenues
Disclosure of other income [Abstract]
Interest income [Abstract]
Interest income on long-term investments [Abstract]
Interest on long-term government securities
Interest on other long-term investments
Total interest income on long-term investments
Total interest income
Dividend income [Abstract]
Dividend income current investments [Abstract]
Dividend income current mutual funds
Total dividend income current investments
Dividend income long-term investments [Abstract]
Dividend income long-term equity securities
Total dividend income long-term investments
Total dividend income
Net gain/loss on sale of investments [Abstract]
Net gain/loss on sale of current investments
Net gain/loss on sale of long-term investments
Total net gain/loss on sale of investments
Rental income on investment property [Abstract]
Rental income on investment property, long-term
Total rental income on investment property
Other non-operating income [Abstract]
Net gain/loss on foreign currency fluctuations treated as other
income
Miscellaneous other non-operating income
Total other non-operating income
Total other income
Disclosure of finance cost [Abstract]
Interest expense [Abstract]
Interest expense short-term loans [Abstract]
Interest expense short-term loans, banks
Total interest expense short-term loans
Interest expense deposits
Other interest charges
Total interest expense
Total finance costs
Employee benefit expense [Abstract]
Salaries and wages
Contribution to provident and other funds [Abstract]
(A) 58.59
58.59
(B) 52.38
52.38
(C) 5,288.61
5,288.61
(D) 4,796.19
4,796.19
206.43
206.43
193.06
193.06
0.5
3.74
4.24
4.24
0.5
0.3
0.8
0.8
25.87
25.87
21.15
21.15
9.81
9.81
35.68
9.83
9.83
30.98
0.02
0
0.02
0.75
41.28
42.03
9.83
9.83
9.02
9.02
2.85
7.03
(E) 53.37
56.22
105.99
(F) 18.93
25.96
108.79
0
0
0
32.63
32.63
32.63
6.03
6.03
2.25
4.79
13.07
13.07
837.13
717.92
Contribution to provident and other funds for others

Total contribution to provident and other funds
Staff welfare expense
Total employee benefit expense
Breakup of other expenses [Abstract]
Consumption of stores and spare parts
Power and fuel
Rent
Repairs to building
Repairs to machinery
Insurance
Rates and taxes excluding taxes on income [Abstract]
Other cess taxes
Cost taxes other levies by government local authorities
Provision wealth tax
Total rates and taxes excluding taxes on income
Electricity expenses
Telephone postage
Printing stationery
Travelling conveyance
Legal professional charges
Directors sitting fees
Managerial remuneration [Abstract]
Remuneration to directors [Abstract]
Total remuneration to directors
Total managerial remuneration
Donations subscriptions
Advertising promotional expenses
Cost repairs maintenance other assets
Cost information technology [Abstract]
Cost software
Total cost information technology
Cost insurance
Cost transportation [Abstract]
Cost freight
Total cost transportation
Provision bad doubtful debts created
Provision bad doubtful loans advances created
Write-off assets liabilities [Abstract]
Miscellaneous expenditure written off [Abstract]
Total miscellaneous expenditure written off
Fixed assets written off
Inventories written off
Bad debts written off
Bad debts advances written off
Other assets written off
Liabilities written off
Total write-off assets liabilities
Loss on disposal of intangible asset
Loss on disposal, discard, demolishment and destruction of depreciable
tangible asset
Payments to auditor [Abstract]
Payment for audit services
Payment for other services
Payment for reimbursement of expenses
Total payments to auditor
Miscellaneous expenses
Total other expenses
Current tax [Abstract]
Current tax pertaining to previous years
56.91
56.91
43.13
937.17
57.5
57.5
40.96
816.38
70.22
51.5
67.7
51.91
86.88
4.45
63.99
54.82
65.25
39.32
79.94
3.57
0
12.59
0
12.59
31.11
19.61
83.97
0.12
8.75
1.3
10.17
27.7
19.01
78.81
(G) 101.53
59.92
0.06
(H) 98.25
53.4
0.05
0
0
1.75
265.66
11.5
0
0
0.25
215.04
7.5
19.77
19.77
0
20.75
20.75
0
134.17
134.17
0
141.93
141.93
0
(I) 53.78
(J) 109.53
0
0.38
0
1.47
(K) 1.22
3.99
0
0
0
5.59
0
(L) 4.77
13.06
0
0
0
19.3
0
0.93
1.09
(M) 0.41
0.2
0.01
0.62
(N) 0.44
0.12
0.06
0.62
(O) 416.55
1,551.77
(P) 376.9
1,487.19
(Q) -3.68
(R) -14.51
Current tax pertaining to current year

Total current tax
400
396.32
345
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) Advertisement
Revenue :- 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) Advertisement
(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 (in
crores)
(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 (in
crores)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)

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

Imported and indigenous [Member]
01/04/2013
to
31/03/2014
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
Percentage of consumption
1,600.94
200.00%
01/04/2012
to
31/03/2013
1,531.04
200.00%
Imported [Member]
01/04/2013
to
31/03/2014
1,135.61
111.06%
01/04/2012
to
31/03/2013
1,108.21
110.30%
..(2)

Raw materials spare parts and

components consumed [Member]
Raw materials consumed [Member]

consumed [Axis]
Indigenous [Member]
01/04/2013
to
31/03/2014
[Abstract]
consumed [Abstract]
Value consumed
01/04/2012
to
31/03/2013
465.33
88.94%
422.83
89.70%
01/04/2013
to
31/03/2014
01/04/2012
to
31/03/2013
1,538.17
100.00%
1,464.55
100.00%
..(3)

consumed [Axis]

Imported [Member]
01/04/2013
to
31/03/2014
[Abstract]
consumed [Abstract]
Value consumed
Indigenous [Member]
01/04/2012
to
31/03/2013
1,111.24
72.24%
1,084.07
74.00%
01/04/2013
to
31/03/2014
01/04/2012
to
31/03/2013
426.93
27.76%
380.48
26.00%
..(4)

consumed [Axis]
Spare parts consumed [Member]

01/04/2013
to
31/03/2014
[Abstract]
consumed [Abstract]
Value consumed
01/04/2012
to
31/03/2013
62.77
100.00%
66.49
100.00%
Imported [Member]
01/04/2013
to
31/03/2014
01/04/2012
to
31/03/2013
24.37
38.82%
24.14
36.30%
..(5)

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

Indigenous [Member]
01/04/2013
to
31/03/2014
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
61.18%
01/04/2012
to
31/03/2013
42.35
63.70%
Details of raw materials consumed [Table]
..(1)

Categories of raw materials consumed [Axis]
01/04/2013
to
31/03/2014
01/04/2012
to
31/03/2013
Raw materials consumed 1 [Member]
01/04/2013
to
31/03/2014
01/04/2012
to
31/03/2013

[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
Total raw materials consumed
RAW MATERIALS RAW MATERIALS RAW MATERIALS RAW MATERIALS

CONSUMED
CONSUMED
CONSUMED
CONSUMED
1,538.17
1,464.55
1,538.17
1,464.55
Details of goods purchased [Table]
..(1)

Categories of goods purchased [Axis]
Goods purchased [Member]
01/04/2013
to
31/03/2014
01/04/2012
to
31/03/2013
Goods purchased 1 [Member]
01/04/2013
to
31/03/2014
01/04/2012
to
31/03/2013

[Abstract]
Additional details in case of manufacturing companies
[Abstract]
Details of goods purchased [Abstract]
Details of goods purchased [LineItems]
Description of goods purchased
Total goods purchased
Traded
Traded
Traded
Traded
Products/Services
Products/Services
Products/Services
Products/Services
54.76
46.45
54.76
46.45

01/04/2013
to
31/03/2014
01/04/2012
to
31/03/2013
Textual information
[See below]
Additional information on profit and loss account explanatory [TextBlock]

Total changes in inventories of finished goods, work-in-progress and
stock-in-trade
Total gross income from services rendered
Value of imports of raw materials
Value of imports of components and spare parts
Value of imports of capital goods
(1)
0
(A) 5,288.61
1,327.58
39.9
(B) 4,796.19
983.86
35.01
91.6
Total value of imports calculated on CIF basis

Expenditure on royalty
Expenditure on professional and consultation fees
Expenditure on interest
Expenditure on other matters
Total expenditure in foreign currency
Total amount of dividend remitted in foreign currency
Total number of non-resident shareholders
Total number of shares held by non-resident shareholders on which
dividends were due
Year to which dividends relate
1,459.08
1.47
14.93
2.58
(C) 158.05
1,176.92
2.42
17.66
0.89
(D) 17.25
36.23
0
[pure] 0
(E) 12.33
33.3
0
[pure] 0
[shares] 0
0
FOB value of traded goods exported

Total earnings on export of goods calculated on FOB basis
Earnings on other income
Total earnings in foreign currency
Domestic sale traded goods
Total domestic turnover goods, gross
Total revenue from sale of products
Domestic revenue services
Total revenue from sale of services
[shares] 0
0
(F) 2.2
2.2
(G) 2.97
2.97
(H) 58.2
60.4
(I) 47.7
50.67
(J) 58.59
58.59
58.59
(K) 52.38
52.38
52.38
(L) 5,288.61
5,288.61
(M) 4,796.19
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
(B) Includes :- 1) Sale of Publications :- Rs. 536.78 (in crores)2) Television Distribution Revenue:- Rs. 20.69 (in crores)3) Advertisement
(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) Advertisement
Revenue :- 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)
Textual information (1)

Additional information on profit and loss account explanatory [Text Block]
1
of imports on CIF Basis

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 currency

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
36.23
33.30
Raw materials, components and spare parts consumed
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
380.48
26.00
Total
1,538.17 100.00
1,464.55
100.00
27.76
Spare Parts Consumed
Spare Parts Consumed
(included in Repairs to Machinery)
(included in Repairs to Machinery)
Imported
24.37
38.82
24.14
36.30
Indigenous
38.40
61.18
42.35
63.70
62.77
100.00
66.49
100.00
Total
Earnings in foreign currency

Rs. Crores
2013-14
Export of goods:
10
2012-13
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
01/04/2013
to
31/03/2014
Disclosure of accounting policies, change in accounting policies and
changes in estimates explanatory [TextBlock]
Textual
information
[See below]
11
(2)

Disclosure of accounting policies, change in accounting policies and changes in estimates explanatory [Text Block]
1
Corporate Information
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.
2
Significant Accounting Policies 2.1
Basis of Preparation
The financial statements of the company have been prepared in accordance with generally accepted accounting principles in India (Indian
GAAP). The Company has prepared these financial statements to comply in all material respects with the accounting standards notified under the
Companies Act, 1956 read with General Circular 8/2014 dated 4 April, 2014 issued by the Ministry of Corporate Affairs, in respect of Section
133 of the Companies Act, 2013.The financial statements have been prepared on an accrual basis and under the historical cost convention The
accounting 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 the
revised Schedule VI to the Companies Act, 1956.
2.2
Use of Estimates
The preparation of financial statements in conformity with the Indian GAAP requires the management to make judgments, estimates and
assumptions that affect the reported amounts of revenues, expenses, assets and liabilities and the disclosures of contingent liabilities at the end of
the 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 in
future periods.
2.3
Tangible Assets and Depreciation
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 those
prescribed 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%.
12
2.4
Intangible Assets
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.
2.5
Impairment of Assets
The carrying amounts of assets are reviewed at each Balance Sheet Date, if there is any indication of impairment based on internal / external
factors. 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.
2.6
Leases
Operating lease receipts and payments are recognized as income or expense in the Statement of Profit and Loss on a straight-line basis, which is
representative of the time pattern of the users benefit.
2.7
Borrowing Cost
Borrowing costs on borrowed funds attributable to acquisition and construction of a qualifying asset is capitalised as a part of the cost of such
asset 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.
2.8
Investments
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 current
investments. 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 of
Profit and Loss.
2.9
Inventories
Inventories are valued at the lower of cost and net realisable value. The cost is determined as under:
a)
Raw Materials - Weighted Average basis
b)
Traded Products and Work-in-Progress (Unreleased albums) - Costs incurred to bring the inventories to present location or condition.
c)
Stores and other Press Materials Weighted Average basis.
Net Realisable value is the estimated selling price in the ordinary course of business, less estimated costs of completion and estimated costs
necessary to make the sale.
13
Unamortized Music / Movie Rights:

a)
Cost of perpetual rights is amortized over a period as estimated by the management based on revenue potential not exceeding two years.
b)
Cost of other rights are amortised over the license period.
Obsolete, defective, unserviceable and slow / non-moving inventories are duly provided for.
2.10 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 reliably
measured and where collectability is reasonably certain. Items of income accounted for on accrual basis are as follows:
a)
Advertisements: Revenue is recognised on publication / telecast of advertisements.
b)
Subscription revenue from distributors in the television media business is recognised on a time proportion, basis the completion of
deliverables.
c)
Sale of newspapers, publications, traded products, waste paper, scrap are recognised when significant risk and reward of ownership are
transferred on delivery to buyer and is recorded net of sales return.
d)
Dividend Income is recognized if the right to receive the same is established by the balance sheet date.
e)
Interest income is recognised on a time proportion basis taking into account the amount outstanding and the applicable interest rate.
2.11 Exchange Difference

Foreign currency transactions are recorded in the reporting currency, by applying to the foreign currency amount the exchange rate between the
reporting 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 at
fair value or other similar valuation denominated in a foreign currency are reported using the exchange rates that existed when the values were
determined.
Exchange differences arising on the settlement of monetary items or on reporting monetary items of Company at rates different from those at
which they were initially recorded during the year, or reported in previous financial statements, are recognised as income or as expense in the year
in 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 the
Statement of Profit and Loss over the period of the contracts.
2.12 Employee Benefits
Contribution to Provident and Superannuation Fund is made at the prescribed rates to the respective Funds Trust and is charged to the Statement
of Profit and Loss in the period in which the contributions are due. Liability towards interest shortfall, if any, is actuarially valued and provided
for.
The Company operates two defined benefit plans for its employees, viz., gratuity and superannuation scheme administered through respective
trusts. 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 accumulated
at the reporting date. The Company treats accumulated leave expected to be carried forward beyond 12 months, as long-term employee benefit
14
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 its
settlement for 12 months after the reporting date.
2.13 Income Taxes
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 Tax
Act, 1961.
Deferred tax resulting from "timing differences" between accounting and taxable income is measured for using the tax rates and laws that have
been 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 the
asset 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.
2.14 Employee Stock Option Plan (ESOP)
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.
2.15 Segment Reporting
The Companys operating businesses are organised and managed separately according to the nature of products and services provided, with each
segment 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 total
common costs.
2.16 Provisions
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 resources
will be required to settle the obligation, in respect of which a reliable estimate can be made. Provisions are not discounted to its present value and
determined based on best estimate required to settle the obligation at the balance sheet date. These are reviewed at each balance sheet date and
adjusted to reflect the current best estimates.
2.17 Cash and Cash Equivalents
Cash and cash equivalents for the purposes of cash flow statement comprise cash at bank and in hand and short-term investments which have an
original maturity of three months or less.
2.18 Contingent Liabilities
A contingent liability is a possible obligation that arises from past events whose existence will be confirmed by the occurrence or non-occurrence
of one or more uncertain future events beyond the control of the Company or a present obligation that is not recognized because it is not probable
that an outflow of resources will be required to settle the obligation. A contingent liability also arises in extremely rare cases where there is a
liability that cannot be recognized because it cannot be measured reliably. The company does not recognize a contingent liability but discloses its
existence in the financial statements.
2.19 Earnings per Share
Basic earnings per share are calculated by dividing the net profit or loss for the year attributable to ordinary shareholders by the weighted average
number 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 the
effects of all dilutive potential ordinary shares.
15
[300100] Notes - Revenue

01/04/2013
to
31/03/2014
Textual
[See below]
Disclosure of revenue explanatory [TextBlock]
information
(3)

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 reliably
measured and where collectability is reasonably certain. Items of income accounted for on accrual basis are as follows:
a)
Advertisements: Revenue is recognised on publication / telecast of advertisements.
b)
Subscription revenue from distributors in the television media business is recognised on a time proportion, basis the completion of
deliverables.
c)
Sale of newspapers, publications, traded products, waste paper, scrap are recognised when significant risk and reward of ownership are
transferred on delivery to buyer and is recorded net of sales return.
d)
Dividend Income is recognized if the right to receive the same is established by the balance sheet date.
e)
Interest income is recognised on a time proportion basis taking into account the amount outstanding and the applicable interest rate.
[202200] Notes - Effects of changes in foreign exchange rates

01/04/2013
to
31/03/2014
Disclosure of notes on effect of changes in foreign exchange rates
explanatory [TextBlock]
Textual
information
[See below]
16
(4)

Disclosure of notes on effect of changes in foreign exchange rates explanatory [Text Block]
Foreign Currency Exposure
In Crores
March 31, 2014
March 31, 2013
Currency Equivalent
INR Equivalent
Currency Equivalent
INR Equivalent
USD
6.84
409.84
2.04
110.79
EUR
0.03
2.67
0.12
8.63
EUR
0.07
5.96
0.05
3.47
CHF
0.11
5.98
EUR
0.23
18.78
0.15
10.46
GBP
0.01
0.58
0.01
0.42
Particulars
Currency
Hedged by forward contracts
Trade Payables
Capital Commitment (net of advance)
Unhedged
Trade Payables
Others*
0.20
USD
Trade Receivables
12.05
0.20
Others*
Capital Commitment (net of advance)
0.21
12.79
0.24
0.49
1.26
EUR
0.78
54.37
CHF
0.11
6.54
USD
0.00
0.16
0.02
1.12
* - Others represent multiple currencies for which INR equivalent is individually less than Rs. 1 crore .
17
[201200] Notes - Employee benefits

01/04/2013
to
31/03/2014
Textual
[See below]
Disclosure of employee benefits explanatory [TextBlock]
information
(5)

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 Statement
of Profit and Loss in the period in which the contributions are due. Liability towards interest shortfall, if any, is actuarially valued and provided
for.
The Company operates two defined benefit plans for its employees, viz., gratuity and superannuation scheme administered through respective
trusts. 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 accumulated
at 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 its
settlement for 12 months after the reporting date.
[300300] Notes - Earnings per share

01/04/2013
to
31/03/2014
Disclosure of earnings per share explanatory [TextBlock]
Adjustments of numerator to calculate basic earnings per share [Abstract]
Profit (loss) for period
Adjustments of numerator to calculate diluted earnings per share [Abstract]
Profit (loss) for period
18
01/04/2012
to
31/03/2013
821.16
739.62
821.16
739.62
[300700] Notes - Director remuneration and other information

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

Directors [Axis]
AMBA
PREETHAM
PARIGI_A218
ARUNABH DAS
SHARMA_A223
INDU JAIN_A216
Kalpana Jaisingh
Morparia_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]
[LineItems]
Name of director
Director identification number of director
Date of birth of director
Designation of director
Qualification of director
Shares held by director
Director remuneration [Abstract]
Salary to director [Abstract]
Basic pay director
Allowances director
Perquisites director
Commission director
Total salary to director
Sitting fees director
Stock compensation director
Post-retirement benefits director
Other compensation director
Total director remuneration
AMBA
PREETHAM
PARIGI
00087586
15/07/1949
ARUNABH
SHARMA
DAS
INDU JAIN
Kalpana
Morparia
Jaisingh
03464498
00004040
00046081
17/03/1968
08/09/1936
30/05/1949
President Response
Director
Chairman
Director
& Executive Director
Graduation
in
MA , MBA
Economics,
IIM Professional
Professional
Kolkata
[shares] 0
[shares] 0
[shares] 0
[shares] 0
0
0
0
0
0
0.012
0
0
0
0.012
19
0.9127368
1.4959839
1.5290343
0
3.937755
0
0
0.357823
0
4.295578
0.36
0.03
0.0940652
15
15.4840652
0
0
0.1145077
0
15.5985729
0
0
0
0
0
0.024
0
0
0
0.024
..(2)

Directors [Axis]
LEO PURI_A219
01/04/2013
to
31/03/2014
MELEVEETIL
RAVINDRA
DAMODARAN_A221 DHARIWAL_A214
01/04/2013
to
31/03/2014
01/04/2013
to
31/03/2014
SAMIR
JAIN_A213
01/04/2013
to
31/03/2014

[Abstract]
[LineItems]
Name of director
LEO PURI

01764813
03/01/1961
MELEVEETIL
DAMODARAN
02106990
04/05/1947
Director
Director

Basic pay director
Allowances director
Commission director
RAVINDRA
DHARIWAL
00003922
11/09/1952
SAMIR JAIN
00001337
22/06/1954
Vice-Chairman &
Wholetime Director
Managing Director
MA (HONS.) LAW
(FIRST CLASS),
B.
Tech,
MA (HONS.) P.P.E.
B.A. Hons and LLB
M.B.A-Marketing & B.A
(POLITICS,
Finance
PHILOSOPHY &
ECONOMICS)
[shares] 0
[shares] 0
[shares] 0
0
0
0
0
0.012
0
0
0
0.012
20
0
0
0
0
0
0.006
0
0
0
0.006
3.2822532
1.5835272
0.3202666
0
5.186047
0
0
1.2197347
0
6.4057817
[shares] 7,200
1.2
0.1
0.5717883
35.5
37.3717883
0
0
0.3816923
0
37.7534806
..(3)

Directors [Axis]
SHRIJEET
RAMAKANTA
MISHRA_A220
TRISHLA
JAIN_A222
VINEET
JAIN_A215
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]
SHRIJEET
RAMAKANTA
TRISHLA JAIN
VINEET JAIN
MISHRA
01894081
03371538
00003962
22/04/1965
27/02/1985
12/02/1966
Chief
Operating
Officer & Executive Wholetime Director Managing Director
Director
Graduation
in
Management
English Literature
B.A, PGDM- IIM
Graduate
from
(USA), Masters from
Ahmedabad.
American
Uni.of
Teachers
College
Switzerland.
(Columbia Uni.)
[shares] 0
[shares] 3,60,000 [shares] 16,42,248
Name of director
Basic pay director
Allowances director
Commission director
2.016
0.9145897
0.19713
0
3.1277197
0
0
0.9645149
0
4.0922346
21
0.713556
0.0015
0.1002718
1.7916667
2.6069945
0
0
0.1926601
0
2.7996546
1.2
0.1
0.2944586
44.639726
46.2341846
0
0
0.3816923
0
46.6158769

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Bennett Coleman And Company Limited

Standalone Statement of Profit & Loss for period 01/04/2013 to 31/03/2014

[400100] Disclosure of general information about company

Disclosure of principal product or services [Table]

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

Disclosure of general information about company [Abstract]

[100200] Statement of profit and loss

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

Subclassification and notes on income and expense explanatory [TextBlock]

Contribution to provident and other funds for others

Current tax pertaining to current year

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

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

Raw materials spare parts and components consumed [Member]

Details of raw materials, spare parts and components consumed [Table]

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

Raw materials spare parts and

Raw materials consumed [Member]

Subclassification of raw materials, spare parts and components

Imported and indigenous [Member]

Details of raw materials, spare parts and components consumed [Table]

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

Raw materials consumed [Member]

Details of raw materials, spare parts and components consumed [Table]

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

Spare parts consumed [Member]

Details of raw materials, spare parts and components consumed [Table]

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

Spare parts consumed [Member]

Details of raw materials consumed [Table]

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

Raw materials consumed [Member]

Raw materials consumed 1 [Member]

Additional information on profit and loss account

RAW MATERIALS RAW MATERIALS RAW MATERIALS RAW MATERIALS

Details of goods purchased [Table]

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

Goods purchased [Member]

Goods purchased 1 [Member]

Additional information on profit and loss account

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

Additional information on profit and loss account explanatory [TextBlock]

Total value of imports calculated on CIF basis

FOB value of traded goods exported

Textual information (1)

of imports on CIF Basis

Consumable Stores and Spare Parts

Expenditure in foreign currency

Professional and Technical Fees

Raw materials, components and spare parts consumed

Rs. Crores % of total Consumption

Rs. Crores % of total Consumption

Spare Parts Consumed

Spare Parts Consumed

(included in Repairs to Machinery)

(included in Repairs to Machinery)

Earnings in foreign currency

Textual information (2)

Significant Accounting Policies 2.1

Tangible Assets and Depreciation

The basis of charging depreciation is as under:

Amortised over the primary period of lease

Plant and Machinery

Furniture and Fixtures