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Financial Statements # we’re trending! TRENDS UNVEILED Corporate Statutory Financial Overview Reports Statements Chairman’s Message 02 Management Discussion & Analysis 24 STANDALONE #Trend-Setter 04 Board’s Report 56 Independent Auditor’s Report 110 #Transform 08 Business Responsibility Report 81 Balance Sheet 116 #Empower 10 Corporate Governance Report 88 Statement of Profit and Loss 117 #Experience 12 Statement of Changes in Equity 118 #Integrate 14 Cash Flow Statement 119 #Evolve 16 Notes on Financial Statements 121 #Reach 19 Board of Directors 20 CONSOLIDATED Corporate Information 22 Independent Auditor’s Report 159 Consolidated Balance Sheet 164 Consolidated Statement of Profit and Loss 165 Statement of Changes in Equity 166 Consolidated Cash Flow Statement 168 Notes to the Consolidated Financial Statements 170 NOTICE Notice, Attendance Slip & Proxy Form 220 To view the online version of this report or for other information log on to: www.network18online.com Corporate Overview Statutory Reports Financial Statements IN THE Ever-eVOLVINGAnnual Report 2016-17 101 MEDIA LANDSCAPE, WE ARE SETTING NEW TRENDS, EVERY DAY! Delivering relevant news In a world where #Trends lead the business of News, Entertainment and Infotainment, and curated content across we are #Trending in new ways, every day. regions to drive audience engagement Backed by a platform-agnostic approach, we are setting new trends across media Creating new touch platforms through innovative content points to connect with and packaging. Expanding our reach into audiences in their language new genres, we are touching the lives of consumers in diverse geographies. Building on technological Addressing the evolving aspirations of the prowess to deliver excellence new-age consumers, we are scaling new in every way heights to steer a more exciting future for the Media and Entertainment industry. digitally Empowering With our network strength and content to align ourselves to new-age capability, we are setting new trends to aspirations of consumers script a fresh chapter of growth for us and all our stakeholders. 02 Network18 Media & Investments Limited CHAIRMAN’S MESSAGE APART FROM SUBSTANTIAL NEW INVESTMENTS IN BROADcaSTING, OUR DIGITAL CONTENT PORTFOLIO HAS BEEN REJIGGED OVER THE LAST YEAR; HERALDING A REVIVAL IN CUSTOMER ENGAGEMENT AND A MAJOR LEAP TOWARDS LEADERSHIP. even our smaller properties. Our digital IBN7 (Hindi News) channels as CNN- flagship and genre-leader Moneycontrol’s News18 and News18 India respectively, product offering has been improved with a complete makeover. The idea Network18 is one of the few top- upon, through offering deeper insights behind the rebranding of national news notch integrated TV and digital media into news as well as personal finance. was to create umbrella brands which can companies in the country, and continues Opinions portal Firstpost had a landmark dominate mindshare and steer growth to drive home our advantage in being year, as its incisive analysis and views across segments. In line with this strategy, channel-agnostic providers of content, in resonated with India, driving it up the we shall also transition the ETV regional an increasingly digital world. Across both rankings charts to just below industry news channels to the News18 brand. mediums, we have taken active steps to heavyweights with print-backgrounds. Operationally, we integrated regional sharpen our product offering and widen The launch of Firstpost Hindi was another news into the national platform in the our reach, with the aim to integrate our step towards showcasing our vernacular last year, and have also taken approval to properties with the daily lives of the new- focus. But the biggest change this year merge the entity handling regional news age Indian. Amidst choppy advertising was the establishment of News18.com into TV18. In the same vein, the integration markets in a year of flux, we continued as the single digital destination for all of our regional entertainment bouquet to invest substantially into our portfolio news, by rebranding of national news into Viacom18 was also completed to address emerging opportunities portal ibnlive, and merging regional news during the year in review, after having and remain at the bleeding edge of the into it. The relaunched portal has already transitioned them to the Colors brand in rapidly-evolving media industry; thereby witnessed a smart gain in traffic as a result, previous years. This shall yield financial being trend-setters rather than mere and we believe that News18.com shall be and operational synergies, apart from the followers. a significant driver of engagement and inherent content and brand synergies. revenue-growth in future. A new beginning for Network18 digital Focussing on the vernacular Our digital content portfolio has been Creating umbrella brands and opportunity in television rejigged over the last year, heralding a integrated platforms In regional markets, we launched 3 news revival in customer engagement and Mirroring the digital portfolio, we channels, namely News18 Kerala, Tamil a major leap towards leadership for rebranded CNN-IBN (English News) and Nadu and Assam/North-East; taking our Corporate Overview Statutory Reports Financial Statements Chairman’s Message Annual Report 2016-17 03 regional news portfolio to an industry- from a library of our entertainment shows, Creating a legacy of excellence leading 14 channels covering 26 states. VOOT delivers original content (targeted It is my strong belief that our ability to We also added 4 secondary channels at the urban millennial), syndicated identify and harness future opportunities (including 3 HD feeds) in regional kids content (making it a one-stop shop will continue to be one of the biggest entertainment; substantially increasing for kids) and behind-the-scenes/uncut enablers of our growth as we map new our footprint to 9 channels across 5 content from our non-fiction properties as frontiers of success. Cognizant of the states. Going forward, we shall further well. With sticky usage of 40+ minutes per criticality of our people to our growth accentuate our regional focus and add to day per user, VOOT has emerged as one of plans, we are continuously working on the languages we already cover; to deliver the top online video destinations in India, nurturing an environment of collective to the under-served audiences, content and won awards and accolades in its first progress, where every individual is that resonates with them, in the language year. empowered with the wherewithal needed of their choice. I feel this will help augment to grow on a personal and professional our consumer connect to drive growth in Finding niches of growth level. the years ahead. In addition to our regional thrust, we are also aggressively looking at filling the white I would like to extend my heartfelt A major leap towards digital spaces in our entertainment bouquet. Our gratitude to every employee of this broadcasting forays into Hindi movies through Rishtey organisation for their deep-rooted Even as we build on our strengths on the Cineplex, and into Bollywood music commitment and consistent hard work. traditional platforms, we are cognizant of through MTV Beats, were aligned to this Let me also take this opportunity to thank the importance of expanding our digital approach and in sync with the growing all the Directors and other stakeholders offerings in order to harness the new-age free-to-air opportunity. Another such for their unrelenting support and trust in industry opportunities. Our platform- foray, targeted at a niche, was the launch the organisation. agnostic approach, coupled with our of our lifestyle channel FYI TV18. It opened technological prowess, has enabled us to to great viewer response and rankings, With best wishes, build a powerful and scalable OTT platform and is on the upswing. We are continuing VOOT which can deliver anywhere, to look at other opportunities to expand Adil Zainulbhai anytime content consumption. Apart our bouquet of channels. Chairman 04 Network18 Media & Investments Limited #TREND-SETTER We are a trending brand NETWORK18 HAS BEEN A trend-setter in its space, Network18 Media and Investments Ltd. is one of the largest media conglomerates with diversified but synergistic interests in television with its bouquet of A BEACON OF GROWTH, 50 channels in India and 13 international channels, besides filmed entertainment, digital AND EVOLVED AHEAD content, magazines, digital commerce and allied businesses. Network18, is promoted by OF THE INDUSTRY IN Independent Media Trust (IMT), of which RIL is the sole beneficiary. THE EVER-CHANGING Brand Portfolio WORLD OF MEDIA AND ENTERTAINMENT. OUR TELEVISION PROPERTIES HAVE ALWAYS BEEN TREND-SETTERS, Business News WHETHER IN BUSINESS NEWS (CNBC-TV18), ENTERTAINMENT (COLORS), DIGITAL CONTENT (MONEYCONTROL) OR General News DIGITAL COMMERCE (BOOKMYSHOW). FUELLED BY LONG-TERM GROWTH ASPIRATIONS, Regional News WE CONTINUE TO RELENTLESSLY PURSUE OUR AMBITION - TO INTEGRATE WITH THE DAILY LIFE OF THE NEW-AGE INDIAN. Corporate Overview Statutory Reports Financial Statements #TREND-SETTER Annual Report 2016-17 05 Hindi General Entertainment Films Hindi Movies Motion Pictures Regional Entertainment OTT - Video on Demand PUBLISHING Content Asset Monetisation Publications English Entertainment DIGITAL BUSINESS Kids Entertainment Digital Content Allied Investments Infotainment COL OSCEUM MEDIA PRIVA TE LTD Factual Lifestyle Entertainment Digital Commerce Music 06 Network18 Media & Investments Limited STRENGTHENING
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