22Th May, 2019
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~alaii C(;etetitms ,;RtB. C-13, 8alaji House, Dalia Industrial Estate,Opp. Laxmi Industries New Link Road, Andheri (West), Mumbai - 400 053. Tel.:40698000 • Fax: 40698181 182 I 83 Website: www.balajitelefilms.com CIN No. : L99999MH1994PLC082802 May 22, 2019 To, BSE Limited. National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, "Exchange Plaza" , Dalal Street, Bandra-Kurla Complex, Bandra (East), Mumbai - 400 001 Mumbai - 400 051 Stock Code: 532382 Stock Code: BALAJITELE Sub: Outcome of Board Meeting held on May 22, 2019 Dear Sir I Madam, Thi~ is further to our letter dated May 14, 2019 intimating the date of Board Meeting for . I consideration of Audited Financial Results for the quarter and year ended March 31,2019. Pursuant to Regulation 30 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations,2015 ('Listing Regulations'), we would like to inform you that the Board of Directors in their Meeting held today i.e. May 22, 2019 have: 1. approved the Audited Financial Results (both Standalone and Consolidated) under Indian ,Accounting Standard (lndAS) for the quarter and year ended March 31,2019 along with Audit Report of the Auditors thereon. A copy of the Audited Financial Results (both Standalone and Consolidated) along with Audit Report of the Auditors thereon, Quarterly Performance Report and Press Release 'issued in this regard is attached. Further a declaration under Regulation 33(3)(d) of the Listing Regulations with respect to Audit Report for the financial year ended March 31, 2019 is attached. '\ We are arranging to publish the said Financial Results in newspapers in the format 'prescribed under Regulation 47 of Listing Regulations. " 2. proposed to the shareholders, appointment of Mr. Ramesh Sippy as Non-Executive Director of the Company based on the recommendation of the Nomination and Remuneration Committee. 3. proposed to the shareholders, re-appointment of Mr. Arun Kumar Purwar and Mr. Virendra Babubhai Dalal as Independent Directors of the Company based on the recommendation of the Nomination and Remuneration Committee, whose tenure will cease on August 30,2020, for a second term of 5 consecutive years w.e.f. August 31, 2020. 4.... recommended a final dividend of Re. 0.40 per equity share of the face value of Rs. 2/- each for the finandal year ended March 31,2019 subject to the approval of the shareholders at the forthcoming Annual General Meeting. The above information will also be made available on the Company's website, www.balajitelefilms.com The Meeting of the Board of Directors commenced at 02.30 p.m. and concluded at 06.45 p.m. We shall inform you in due course the date on which the Company will hold Annual General Meeting for the year ended March 31, 2019. You are requested to take the aforementioned information on your record. Thanking you, Yours Faithfully, For Balaji Telefilms Limited L)a;f'fnmi' Singh Bisht Group Head Secretarial Membership No. A23360 End: a/a Balaji Telefilms Limited CIN-L99999MH1994PLC082802 Regd Off: C-13, Balaji House, Dalia Industrial Estate, New Link Road, Andheri (West), Mumbai 400053 Tel.: 40698000 • Fax: 40698181 182/83 Website: www.balajitelefilms.com PART I: STATEMENT OF STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31 2019 .... tin Lacs 3 months Preceding Corresponding Current Previous Year ended 3 months ended 3 months ended Year Ended Ended Sr. Particulars 31·03·2019 31·12·2018 31-(13·2018 31·03·2019 18 No. (Un-audited) (Un-audited) (Un-audited) (Audited) (Audited) Refer note 5 Refer note 5 1 Income a) Revenue from Operations 8,211.72 11,150.23 8,896.13 44,030.15 41,658.69 b) Other Income 645.98 784.65 600.41 2,482.16 1,659.28 Total Income 8,857.70 11,934.88 9,495.54 46,512.31 43,317.97 2 Expenses a) Cost of Production / Acquisition and Telecast Fees 7,912.47 9,458.05 5,557.87 36,705.29 27,845.88 b) Changes in Inventories (2,012.01) (825.03) 130.65 (1.963.00) 2,349.50 c) Marketing and Distribution Expense 403.70 58.91 445.31 2.035.94 1,312.00 d) Employee Benefits Expense 711.78 665.48 393.65 2.271.11 1,595.94 e) Depreciation and amortisation expense 329.70 31349 324.67 1,308.79 1,389.93 f) Other Expenses 1,335.10 475.52 881.72 3.509.14 3,247.75 Total Expenses 8,680.74 10,146.42 7733.87 43867.27 37,741.00 3 Profit Before Exceptional Items and Tax (1-2) 176.96 1,788.46 1,762.67 2,645.04 5,576.97 4 Exceptional items (Refer note 3) - . 905.07 5 Profit Before Tax (3-4) 176.96 1,788.46 1,762.67 2,645.04 4,671.90 6 Tax Expense. a) Current tax 83.13 419.07 393.96 695.81 1,309.38 b) Deferred tax (123.91) 166.90 575.00 (63.23) 1,023.44 'c) Short Provision for Tax in respect of earlier years . 410.85 . 708.98 Total tax expenses (40.78) 585.97 1,379.81 632.58 3,041.80 7 Profit After Tax (5-6) 217.74 1,202.49 382.86 2,012.46 1,630.10 8 Other Comprehensive Income (OCI, (i) Items that will not be reclassified to Profit or Loss (a) Remeasurements of post employment benefit obligations (1.55) (1.42) 3.72 (5.82) (5.70) (ii) Income tax relating to items that will not be reclassified to profit or loss 0.52 0.50 (1.291 2.01 1.97 Other Comprehensive Income for the period I year net of tax (1.03) (0.92 2.43 13.81 (3.73 9 Total Comprehensive Income for the period I year (7+8) 1,201.51 385.29 2,008.65 1,626.31 10 Paid-up Equity Share Capital (Face Value ~ 2/. each) 2,022.61 2,022.61 2,022.61 2,022.61 11 Other Equity ~ 98,970.11 96,307.89 12 Earnings Per Share {EPSI Basic and Diluted (In ~l 0.21 1.19 0.38 1.99 1.79 ., BALAJI TELEFILMS LIMITED Standalone Balance Sheet as at March 31, 2019 t in Lacs As at 31-03·2019 As at 31-03·2018 Particulars Audited Audited ASSETS Non-current assets (a) Property, plant and equipment 3,002.75 3,022.63 (b) Capital work-in-progress 52.46 226.79 (c) Financial Assets . (i) Investments 48,694.65 34,586.63 (ii) Trade receivables 431.01 - (iii) Loans 940.19 894.30 (iv) Other financial assets 326.12 371.65 (d) Deferred tax assets (net) 1,981.86 1,963.69 (e) Non-current tax assets (net) 2,628.08 2,149.47 (f) Other non-current assets 3,238.08 5,773.76 Total non-current assets 61,295.20 48,988.92 Current assets (a) Inventories 6,328.14 6,855.96 (b) Financial assets (i) Investments 22,106.08 34,190.36 (ii) Trade receivables 10,283.76 8,298.44 (iii) Cash and cash equivalents 1,587.04 1,039.58 (iv) Loans 316.13 910.38 (v) Other financial assets 1,543.02 1,216.04 (c) Contract assets 1,755.38 - (d) Other current assets 4,482.86 2,766.97 Total current assets 48,402.41 55,277.73 Total Assets 1,09,697.61 1 ,04,266.65 EQUITY AND LIABILITIES Equity (a) Equity share capital 2,022.61 2,022.61 (b) Other equity 98,970.11 96,307.89 Total equity 1,00,992.72 98,330.50 Liabilities Current liabilities (a) Financial liabilities (i) Trade payables (I) total outstanding dues of micro and small enterprises - - (II) total outstanding dues other than (i) (I) above 7,210.55 4,268.43 (ii) Other financial liabilities 127.20 365.85 (b) Provisions 15.99 - (c) Other current liabilities 1,281.60 . 647.67 (d) Current tax liabilities (net) '. 69.~5 654.20 Total current liabilities 8,704.89 5,936.15 .~ Total Equity and Liabilities 1,09,697.61 1, Mumb(l.\ Notes: 1. The Ministry of Corporate Affairs (MCA), on March 28, 2018, notified Ind AS 115 "Revenue from Contracts with Customers" as part of the Companies (Indian Accounting Standards) Amendment Rules, 2018. The new standard is effective for accounting periods beginning on or after April 1, 2018. In contracts with its customers, it has been assessed that the Company is acting as a contracted producer of television and digital serials and therefore, proportionate revenue is to be recognised for shows produced but not telecast/delivered together with their related costs. The consequential unbilled revenue is disclosed as Contract Assets in the Balance Sheet. Till March 31, 2018, the Company recognised revenue based on telecast/delivery, as applicable, of the television and digital serials to its customers. This change in accounting resulted in an increase in opening reserves of ~ 83,98 lakhs (net of tax), which has been accounted for on April 1, 2018. The figures for the corresponding periods have not been restated since the Company has applied the modified retrospective approach in adopting the new standard. Further, the change in the timing of revenue recognition, as stated above has following impact on the resu~s: fin lacs Quarter ended Year ended Particulars March 31, December 31, March 31, 2019 2018 2019 Increase I (Decrease) in Revenue from Operations (1,381.14) 2,150.77 1,127.36 Increase I (Decrease) in Cost of Production (1,133.24) 1,373.06 1,135.31 Increase I (Decr~ase) in Profit before tax (247.90) 777.71 (7.95) Increase I (Decrease) in Tax~xpense 57.13 254.81 (1.90) Increase I (Decrease) in Profit for the period and Total comprehensive income (305.03) 522,90 (6.05) Increase I (Decrease) in Earnings per Equity Share (of ~ 21- each) (0.30) 0,52 (0.01) 2.