NDTV Ethnic Retail Limited: Standalone Statement of Profit & Loss For Period 01/04/2013 To 31/03/2014

NDTV ETHNIC RETAIL 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 Millions of INR
01/04/2013
to
31/03/2014
NDTV
ETHNIC
RETAIL
LIMITED
U74900DL2013PLC248812
AAECN3122D
207,
OKHLA
INDUSTRILAL
ESTATE, , PHASE - III , NEW
DELHI , DELHI , INDIA 110020
Commercial
and
Industrial
07/05/2014
01/04/2013
31/03/2014
Standalone
Statement of Profit & Loss
INR
Millions
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
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
28/02/2013
to
31/03/2013
28/02/2013
31/03/2013
Disclosure of principal product or services [Table]
..(1)

Types of principal product or services [Axis]
01/04/2013
to
31/03/2014
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
Footnotes
(A) Online Selling of apparels
9962
RETAIL TRADE
SERVICES
55.81
99623300
(A)
Textiles,
clothing
and
footwear
55.81
NDTV ETHNIC RETAIL 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
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
Amortisation 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]
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
Nominal value of per equity share
28/02/2013
to
31/03/2013
55.81
6.34
62.15
62.15
0.85
63
0
0
0
0
0
0
0
33.46
0
0
-4.54
42.36
2.57
0
0
2.52
1.36
3.88
0
0
0
(A) 231.79
309.52
(B) 2.31
2.31
-246.52
-2.31
-246.52
-246.52
-2.31
-2.31
0
-246.52
-246.52
-246.52
0
-2.31
-2.31
-2.31
[INR/shares] -3,990.69
[INR/shares] 10
[INR/shares] 10
Footnotes
(A) OPERATING AND ADMINISTRATION EXPENSES RS. 105.77 MILLION + MARKETING, DISTRIBUTION AND
PROMOTION EXPENSES RS. 126.02 MILLION
(B) OPERATING AND ADMINISTRATION EXPENSES RS. 2.31 MILLION + MARKETING, DISTRIBUTION AND PROMOTION
EXPENSES RS. NIL
[300500] Notes - Subclassification and notes on income and expenses

01/04/2013
to
31/03/2014
28/02/2013
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
55.81
55.81
(A) 6.34
6.34
Total revenue from sale of services

Disclosure of other income [Abstract]
Textual information
[See below]
Disclosure of notes on other income explanatory [TextBlock]

Interest income [Abstract]
Interest income on current investments [Abstract]
Interest on fixed deposits, current investments
Total interest income on current investments
Total interest income
Dividend income [Abstract]
Total dividend income
Total other income
Disclosure of finance cost [Abstract]
Textual information
[See below]
Disclosure of notes on finance cost explanatory [TextBlock]
0
0
0
0
(1)
0.85
0.85
0.85
0
0
0
0
0.85
0
0
(2)
Interest expense [Abstract]

Interest expense short-term loans [Abstract]
Interest expense short-term loans, others
(B) 2.57
2.57
2.57
2.57
Total interest expense short-term loans

Total interest expense
Total finance costs
Employee benefit expense [Abstract]
Salaries and wages
Contribution to provident and other funds [Abstract]
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
Other cess taxes
2.08
2.08
0.58
42.36
0
0
0
0
0
0.23
0
0
(D) 0.41
0.41
0.98
0.66
0.46
8.1
51.21
0.09
1.39
Total rates and taxes excluding taxes on income

Electricity expenses
Telephone postage
Printing stationery
Travelling conveyance
Legal professional charges
Training recruitment expenses
Vehicle running expenses
3
0
0
0
39.7
(C) 7.99
4.36
0.74
0.74
Repairs to building
Repairs to machinery
Insurance
Rates and taxes excluding taxes on income [Abstract]
0
0
0
0
(E) 0.13
0.13
0
0
0
0
1.98
0
0
Safety security expenses

Directors sitting fees
Managerial remuneration [Abstract]
Remuneration to directors [Abstract]
Total remuneration to directors
Total managerial remuneration
Books periodicals
Bank charges
Advertising promotional expenses
1.14
0
0
0
0
0
0.44
2.89
0
0
0
0
0
(F) 126.29
Cost information technology [Abstract]

Cost software
Cost communication connectivity
Total cost information technology
Cost insurance
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
Bad debts written off
Bad debts advances 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 reimbursement of expenses
Total payments to auditor
Miscellaneous expenses
10.39
2.89
13.28
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0.5
0.02
0.52
0.2
0
0.2
(G) 9.87
Total other expenses
(I) 231.79
(H) 0
(J) 2.31
Footnotes
(A) SALE OF SERVICES RS. 3.28 MILLION + SHARED SERVICE INCOME RS. 3.06 MILLION
(B) INTEREST ON INTER COMPANY LOAN* *INTEREST ON LOAN FROM NDTV LIFESTYLE HOLDINGS LIMITED
AMOUNTING TO RS. 75.00 MILLION
(C) REFER NOTE 26
(D) RATES AND TAXES
(E) RATES AND TAXES
(F) BUSINESS PROMOTION RS. 0.27 MILLION + MARKETING, DISTRIBUTION AND PROMOTION EXPENSES RS. 126.02
MILLION
(G) HOSTING & STREAMING RS. 6.07 MILLION + HIRE CHARGES RS. 0.08 MILLION + MEDICAL RS. 0.20 MILLION +
FOREIGN EXCHANGE LOSS (NET) RS. 0.11 MILLION + BROKERAGE & COMMISSION RS. 0.20 MILLION + OTHERS RS.
0.27 MILLION + MISCELLENOUS RS. 2.94 MILLION
(H) HOSTING & STREAMING RS. NIL + HIRE CHARGES RS. NIL + MEDICAL RS. NIL MILLION + FOREIGN EXCHANGE
LOSS (NET) RS. NIL + BROKERAGE & COMMISSION RS. NIL + OTHERS RS. NIL + MISCELLENOUS RS. NIL
(I) OPERATING AND ADMINISTRATION EXPENSES RS. 105.77 MILLION + MARKETING, DISTRIBUTION AND
PROMOTION EXPENSES RS. 126.02 MILLION
(J) OPERATING AND ADMINISTRATION EXPENSES RS. 2.31 MILLION + MARKETING, DISTRIBUTION AND PROMOTION
EXPENSES RS. NIL
Textual information (1)

Disclosure of notes on other income explanatory [Text Block]
17.
Other income
In Rs. million
Year ended
March 31, 2014
March 31, 2013
0.85
0.85
Interest income on
-Bank deposits

Disclosure of notes on finance cost explanatory [Text Block]
23.
Finance costs
Year ended
March 31, 2014
March 31, 2013
2.57
2.57
Interest on:
-InterCompany Loans*
* Interest on Loan from NDTV Lifestyle Holdings Limited amounting to Rs 75,000,000.
[300600] Notes - Additional information statement of profit and loss

01/04/2013
to
31/03/2014
28/02/2013
to
31/03/2013
Textual information
[See below]
Additional information on profit and loss account explanatory [TextBlock]

Changes in inventories of stock-in-trade
(3)
(A) -4.54
Total changes in inventories of finished goods, work-in-progress and

stock-in-trade
-4.54
Total gross income from services rendered
(B) 6.34
Expenditure on other matters
(C) 5.21
5.21
0
36.98
36.98
36.98
18.83
18.83
36.98
36.98
55.81
6.34
Total expenditure in foreign currency

Total amount of dividend remitted in foreign currency
FOB value of traded goods exported
Total earnings on export of goods calculated on FOB basis
Total earnings in foreign currency
Domestic sale traded goods
Total domestic turnover goods, gross
Export sale traded goods
Total export turnover goods, gross
Total revenue from sale of products
Total revenue from sale of services
Footnotes
(A) STOCK AT THE BEGNNING OF THE YEAR RS. NIL (-) STOCK AT THE END OF THE YEAR RS. 4.54 MILLION
(B) SALE OF SERVICES RS. 3.28 MILLION + SHARED SERVICE INCOME RS. 3.06 MILLION
(C) HOSTING EXPENSES RS. 4.01 MILLION + OTHER EXPENSES RS. 1.20 MILLION
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

Additional information on profit and loss account explanatory [Text Block]
18.
Changes in inventory of finished goods
In Rs. million
Year ended
March 31, 2014
Stock at the beginning of the year
Less: stock at the end of the year
4.54
(4.54)
20.
Operations & Administration Expenses
March 31, 2013
In Rs. million
Year ended
March 31, 2014
March 31, 2013
Rent (refer note 26)
7.99
Rates and taxes
0.41
0.13
Electricity and water
0.98
Printing and stationery
0.46
Postage and courier
0.66
Books, periodicals and news papers
0.44
Local conveyance , travelling & taxi hire
8.10
Business promotion
0.27
- Plant & Machinery
0.74
- Building
4.36
Auditors' remuneration*
0.52
0.20
Insurance
0.74
Hosting & streaming
6.07
Hire Charges
0.08
Communication
2.89
Vehicle
1.39
Medical
0.20
Software expense
10.39
Generator hire and running
0.23
Personnel Security
1.14
Staff Training
0.09
Legal, professional & consultancy
51.21
1.98
Foreign Exchange loss - Net
0.11
Brokerage & commission
0.20
Others
0.27
Bank charges
2.89
Miscellaneous
2.94
Repair and Maintenance
105.77
* Auditors' Remuneration
2.31
In Rs. million
Year ended
March 31, 2014
March 31, 2013
0.50
0.20
0.02
0.52
0.20
As auditor:
Audit fee
Reimbursement of expenses
Out of pocket expenses
21.
Marketing, distribution & promotion expense
In Rs. million
Year ended
March 31, 2014
Advertisement expense
78.92
Marketing expenses
42.44
Shipping expense
4.66
126.02
9
March 31, 2013
[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]
10
(4)

Disclosure of accounting policies, change in accounting policies and changes in estimates explanatory [Text Block]
1.
Corporate information
The Company was incorporated on February 28, 2013 as NDTV E-Commerce Private Limited and consequent to shareholders resolution dated
March 18, 2013, the name of the Company was changed to NDTV Ethnic Retail Private Limited w.e.f. March 30, 2013 on receipt of approval
from the Registrar of Companies, NCT of Delhi & Haryana. Further, the shareholders have approved, vide their resolution dated April 16, 2013
to convert the status of the Company from ?Private Limited? to ?Public Limited? w.e.f. April 16, 2013. the name of the Company was changed to
NDTV Ethnic Retail Limited w.e.f. July 25, 2013. The Company operates e commerce business of sale of various products on the platform
www.indianroots.com. The company started fulfilling exclusively to the customer outside India starting March 6, 2014 to comply with FDI
guidelines.
2.
2.1
Summary of significant accounting policies
Basis of preparation
These financial statements have been prepared in accordance with the generally accepted accounting principles in India under the historical cost
convention on accrual basis. Pursuant to circular 15/2013 dated 13.09.2013 read with circular 08/2014 dated 04.04.2014, till the Standards of
Accounting or any addendum thereto are prescribed by Central Government in consultation and recommendation of the National Financial
Reporting Authority, the existing Accounting Standards notified under the Companies Act, 1956 shall continue to apply. Consequently, these
financial statements have been prepared to comply in all material aspects with the accounting standards notified under Section 211(3C)
[Companies (Accounting Standards) Rules, 2006, as amended] and other relevant provisions of the Companies Act, 1956.
All assets and liabilities have been classified as current or non-current as per the Company?s normal operating cycle and other criteria set out in
the Schedule VI to the Companies Act, 1956. Based on the nature of services and the time between rendering of services/airing of programmes
and their realisation in cash and cash equivalents, the Company has ascertained its operating cycle as 12 months for the purpose of current ? non
current classification of assets and liabilities.
2.2
Use of estimates
In the preparation of the financial statements, the management of the Company makes estimates and assumptions in conformity with the
applicable accounting principles in India that affect the reported balances of assets and liabilities and disclosures relating to contingent assets and
liabilities as at the date of the financial statements and reported amounts of income and expenses during the period. Examples of such estimates
include provisions for doubtful debts, future obligations under employee retirement benefit plans, income taxes, and the useful lives of fixed
assets and intangible assets.
A provision is recognised when there is a present obligation as a result of a past event in respect of which it is probable that outflow of resources
will be required to settle the obligation and in respect of which a reliable estimate can be made
Contingencies are disclosed when it is possible that a liability will be incurred, and the amount can be reasonably estimated. Where no reliable
estimate can be made, a disclosure is made of the existence of the contingent liability.
2.3
Tangible assets
Tangible assets, except in the cases mentioned below, are stated at the cost of acquisition, which includes taxes, duties, freight, insurance and
other incidental expenses incurred for bringing the assets to the working condition required for their intended use, less depreciation and
impairment.
Fixed assets purchased under barter arrangements are stated at the fair market value as at the date of purchase.
Depreciation on tangible assets is provided using the Straight Line Method based on the useful lives as estimated by the management.
11
Depreciation is charged on a pro-rata basis for assets purchased/sold during the year. Individual assets costing less than Rs. 5,000 are depreciated
at the rate of 100% on a pro-rata basis. The management?s estimates of useful lives for various fixed assets are given below:
Asset Head
Useful Life (years)
Plant and Machinery
5-12
Computers
3-6
Office Equipment
3-5
Furniture and Fixtures
5-8
Vehicles
2.4
Intangible assets
Intangible assets are recognised if they are separately identifiable and the Company controls the future economic benefits arising out of them. All
other expenses on intangible items are charged to the Statement of Profit and Loss account. Intangible assets are stated at cost less accumulated
amortization and impairment.
Depreciation on intangible assets is provided using the Straight Line Method based on the useful lives as estimated by the management.
Depreciation is charged on a pro-rata basis for assets purchased/sold during the year. Individual assets costing less than Rs. 5,000 are depreciated
at the rate of 100% on a pro-rata basis. The management?s estimates of useful lives for intangible assets are given below:
Asset Head
Useful Life (years)
Computer Software
2.5
Leases
As a lessee :
Assets taken under leases, where the Company assumes substantially all the risks and rewards of ownership are classified as Finance leases. Such
assets are capitalised at the inception of the lease at the lower of fair value or the present value of minimum lease payments and a liability is
created for an equivalent amount. Each lease rental paid is allocated between the liability and the interest cost, so as to obtain a constant periodic
rate of interest on outstanding liability for each period.
Assets taken on leases where significant risks and rewards of ownership are retained by the lessor are classified as operating leases. Lease rentals
are charged to the Profit and Loss Account on a straight line basis over the lease term.
2.6
Impairment of tangible and intangible assets

12
The management periodically assesses using external and internal sources, whether there is an indication that an asset may be impaired.
Impairment occurs where the carrying value exceeds the present value of future cash flows expected to arise from the continuing use of the asset
and its eventual disposal. The impairment loss to be expensed is determined as the excess of the carrying amount over the higher of the asset?s net
sales price or present value as determined above.
2.7
Revenue Recognition
Revenue from online sale of goods are recognised when the goods has been delivered and all the risk and rewards of ownership has been
transferred to the buyer.
Revenue for services provided is recognized when persuasive evidence of an arrangement exists; the consideration is fixed or determinable; and
it is reasonable to expect ultimate collection. Such revenues are recognised as the services are provided.
2.8
Investments
Investments that are readily realisable and 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 carried at cost or fair
value, whichever is lower. Long-term investments are carried at cost. However, provision for diminution is made to recognise a decline, other
than tempprary, in the value of the investments, such reduction being determined and made for each investment individually.
2.9
Foreign currency transaction
Transactions in foreign currency are recorded at the rates of exchange in force at the time the transactions are effected. All monetary assets and
liabilities denominated in foreign currency are restated at the year-end exchange rate. All non-monetary assets and liabilities are stated at the rates
prevailing on the date of the transaction.
Gains / (losses) arising out of fluctuations in the exchange rates are recognized as income/expense in the period in which they arise.
2.10
Employee benefits
Short-term employee benefits are recognized as expenses at the undiscounted amounts in the Statement of Profit and Loss account of the year in
which the related service is rendered.
Post employment and other long term employee benefits: The Company?s contribution to State Provident fund is charged to the Statement of
Profit and Loss account. The Company provides for a long term defined benefit scheme of Gratuity on the basis of actuarial valuation on the
balance sheet date based on the projected unit credit method. The actuarial valuation of the liability towards the retirement gratuity benefits of the
employees is made on the basis of assumptions with respect of the variable elements like discount rate, future salary increases, etc affecting the
valuation. The Company recognizes the actuarial gains and losses in the Statement of Profit and Loss account as income and expense in the period
in which they occur.
2.11 Inventories
Stock in trade
Inventories related to stock in trade are stated at the lower of cost or net realisable value. Cost is deteremined using the first in, first out method.
The cost of furnished goods comprises appreals and dresses, Net realisable value is estimated selling price in the ordinary course of business use
the estimated cost to make the sale.
13
2.12 Earnings Per Share ( EPS )
Basic EPS
The earnings considered in ascertaining the Company?s basic EPS comprise the net profit/ (loss) after tax. The number of shares used in
computing basic EPS is the weighted average number of shares outstanding during the year.
Diluted EPS
The net profit/ (loss) after tax and the weighted average number of shares outstanding during the year are adjusted for all the effects of
dilutive potential equity shares for calculating the diluted EPS
2.13
Taxes on Income
Tax on income for the period is determined on the basis of taxable income and tax credits computed in accordance with the provisions of the
Income Tax Act, 1961.
Deferred tax is recognised on timing differences between the accounting income and the taxable income for the year and quantified using the tax
rates and laws substantially enacted as on the balance sheet date.
Deferred tax assets in respect of unabsorbed depreciation / brought forward losses are recognised to the extent there is virtual certainty that
sufficient future taxable income will be available against which such deferred tax assets can be realised.
Other deferred tax assets are recognised and carried forward to the extent that there is reasonable certainty that sufficient future taxable income
will be available against which such deferred tax assets can be realised.
2.14
Cash and Cash Equivalents
In the cash flow statement, cash and cash equivalents includes cash in hand, demand deposits with bank, other short-term highly liquid
investments with original maturities of three months or less.
2.15
Segment Reporting
The accounting policies adopted for segment reporting are in conformity with the accounting policies adopted for the Company. Further,
inter-segment revenue have been accounted for based on the transaction price agreed to between segments which is primarily market based.
Revenue and expenses, which relate to the Company as a whole and are not allocable to segments on a reasonable basis, have been included under
"Unallocated corporate expenses".
14
[300100] Notes - Revenue

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

Description of accounting policy for recognition of revenue
information
(5)
information
(6)

Disclosure of revenue explanatory [Text Block]
16.
Revenue from operations
In Rs. million
Year ended
March 31, 2014
March 31, 2013
Sale of goods
55.81
Sale of services
3.28
Shared service income
3.06
62.15
Revenue from operations
15

Description of accounting policy for recognition of revenue
2.7
Revenue Recognition
Revenue from online sale of goods are recognised when the goods has been delivered and all the risk and rewards of ownership has been
transferred to the buyer.
Revenue for services provided is recognized when persuasive evidence of an arrangement exists; the consideration is fixed or determinable;
and it is reasonable to expect ultimate collection. Such revenues are recognised as the services are provided.
[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
(7)

Disclosure of notes on effect of changes in foreign exchange rates explanatory [Text Block]
2.9
Foreign currency transaction
Transactions in foreign currency are recorded at the rates of exchange in force at the time the transactions are effected. All monetary assets and
liabilities denominated in foreign currency are restated at the year-end exchange rate. All non-monetary assets and liabilities are stated at the rates
prevailing on the date of the transaction.
Gains / (losses) arising out of fluctuations in the exchange rates are recognized as income/expense in the period in which they arise.
30.
Expenditure in foreign currency (accrual basis)
In Rs. million
Year ended
March 31, 2014
March 31, 2013
Hosting Expenses
4.01
Other expenses
1.20
5.21
31.
Earnings in foreign currency (accrual basis)
In Rs. million
Year ended
Sale of goods
March 31, 2014
March 31, 2013
36.98
Total
33.
36.98
Unhedged foreign currency exposure
The foreign currency exposures that are not hedged by a derivative instrument or otherwise are as follows:
17
(in Rs million)
Particulars
Year ended
March 31, 2014
March 31, 2013
Amount in Foreign Currency in million
INR Equivalent
Amount in Foreign Currency in million
INR Equivalent
USD
0.05
3.25
Grand Total
0.05
3.25
USD
0.03
2.09
Grand Total
0.03
2.09
Receivables
Payables
[201200] Notes - Employee benefits

01/04/2013
to
31/03/2014
Textual
[See below]
Disclosure of employee benefits explanatory [TextBlock]
18
information
(8)

Disclosure of employee benefits explanatory [Text Block]
2.10
Employee benefits
Short-term employee benefits are recognized as expenses at the undiscounted amounts in the Statement of Profit and Loss account of the year in
which the related service is rendered.
Post employment and other long term employee benefits: The Companys contribution to State Provident fund is charged to the Statement of Profit
and Loss account. The Company provides for a long term defined benefit scheme of Gratuity on the basis of actuarial valuation on the balance
sheet date based on the projected unit credit method. The actuarial valuation of the liability towards the retirement gratuity benefits of the
employees is made on the basis of assumptions with respect of the variable elements like discount rate, future salary increases, etc affecting the
valuation. The Company recognizes the actuarial gains and losses in the Statement of Profit and Loss account as income and expense in the period
in which they occur.
19.
Employee benefits expense
In Rs. million
Year ended
March 31, 2014
March 31, 2013
Salaries, wages and other benefits
39.70
Contribution to provident and other Funds
2.08
Staff welfare
0.58
42.36
25.
Gratuity and other post-employment benefit plans
The Company provides for long term defined benefit schemes of gratuity on the basis of an actuarial valuation on the Balance Sheet date based on
the Projected Unit Credit Method. The Company recognises the actuarial gains and losses in the Statement of Profit and Loss as income and
expense in the period in which they occur.
The reconciliation of opening and closing balances of the present value of the defined benefit obligations are as below:
In Rs.
million
For
the
Year
ended
Particulars
19
March March
31,
31,
2014 2013
Changes in the present value of the Obligation:
Obligations at year beginning
Service Cost Current
0.30
Service Cost Past
Interest Cost
Actuarial (gain) / loss
Benefit Paid
Obligations at year end
0.30
Present value of the defined benefit obligations at the end of the year
0.30
Fair value of the plan assets at the end of the year
Liability recognised in the Balance Sheet
0.30
Service Cost Current
0.30
Service Cost Past
Interest Cost
Expected return on plan assets
Actuarial (gain) / loss
Reconciliation of present value of the obligation and the fair value of
II
the plan assets:
Defined benefit obligations cost for the year
III
20
Net defined benefit obligations cost
0.30
Investment details of plan assets
IV
100% of the plan assets are lying in the Gratuity fund administered through Life Insurance Corporation of India (LIC)
under its Group Gratuity Scheme.
The principal assumptions used in determining post-employment benefit obligations are shown below :
Discount Rate
9.30% 0.00%
Future salary increases
5%
Expected return on plan assets
0.00% 0.00%
0%
The estimates of future salary increases, considered in the actuarial valuation, take account of inflation, seniority,
promotion and other relevant factors such as supply and demand factors in the employment market. The demographic
assumptions were as per the published rates of "Life Insurance Corporation of India (1994-96) Mortality Table (ultimate),
which is considered a standard table.
[300300] Notes - Earnings per share

01/04/2013
to
31/03/2014
Textual information
[See below]
Disclosure of earnings per share explanatory [TextBlock]

Weighted average shares and adjusted weighted average shares [Abstract]
Basic weighted average shares
Diluted weighted average shares
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
21
28/02/2013
to
31/03/2013
(9)
[shares] 61,774
[shares] 61,774
[shares] 1,699
[shares] 1,699
-246.52
-2.31
-246.52
-2.31

Disclosure of earnings per share explanatory [Text Block]
2.12 Earnings Per Share ( EPS )
Basic EPS
The earnings considered in ascertaining the Company?s basic EPS comprise the net profit/ (loss) after tax. The number of shares used in
computing basic EPS is the weighted average number of shares outstanding during the year.
Diluted EPS
The net profit/ (loss) after tax and the weighted average number of shares outstanding during the year are adjusted for all the effects of
dilutive potential equity shares for calculating the diluted EPS
24.
Earnings per share (EPS)
The following reflects the profit and share data used in the basic and diluted EPS
computations:
In Rs. million ( except per share

data )
Year ended
March 31,
2014
March 31, 2013
Profit / (Loss) attributable to Equity Shareholders
(246.52)
(2.31)
Number of equity shares outstanding as at the beginning of the year (Nos)
60,000
10,000
Add: Fresh issue of equity shares (Nos)
24,910
50,000
Number of equity shares outstanding at year end (Nos)
84,910
60,000
Weighted average number of Equity Shares outstanding during the year for Basic EPS
(Nos.)
61,774
1,699
22
Weighted average number of Equity Shares outstanding during the year for Diluted EPS
(Nos.)
61,774
1,699
Basic and Diluted Earnings per Equity Share (Rs.)
(3,990.69)
(1,356.98)
Nominal Value per share (Rs)
10
10
[300700] Notes - Director remuneration and other information

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

Directors [Axis]
01/04/2013
to
31/03/2014
01/04/2013
to
31/03/2014
01/04/2013
to
31/03/2014
01/04/2013
to
31/03/2014
Disclosure of directors and remuneration to directors

[Abstract]
Disclosure of directors and remuneration to directors
[LineItems]
VIKRAMADITYA
CHANDRA
01179738
07/01/1967
Director
Name of director
PRANNOY ROY
Director identification number of director

Date of birth of director
Designation of director
00025576
00025625
02729688
15/10/1949
09/07/1949
02/11/1973
Director
Director
Director
Dr. Roy has a
doctorate
in
Master in Economics
Economics from the
from
Delhi
Delhi School of
University.
He
Economics,
Completed
the
bachelors
in
Prestigious
Textual information
Textual information
Economics from the
Advanced
(10) [See below]
(11) [See below]
Queen
Mary
Management
College,
London
Programme at the
University and is a
Harvard Business
Qualified Chartered
School at United
Accountant
from
States.
London.
[shares] 0
[shares] 0
[shares] 6,024
[shares] 0
Qualification of director
Shares held by director

Director remuneration [Abstract]
Salary to director [Abstract]
Total salary to director
Total director remuneration
RADHIKA ROY
0
0
23
SHYATTO RAHA
0
0
0
0
0
0
Disclosure of directors and remuneration to directors [Table]
..(2)

Directors [Axis]
01/04/2013
to
31/03/2014
Disclosure of directors and remuneration to directors [Abstract]
Disclosure of directors and remuneration to directors [LineItems]
SAURAV
BANERJEE
06719699
20/08/1976
Director
Chartered
Accountant
[shares] 0
Name of director
Director identification number of director
Date of birth of director
Designation of director
Shares held by director
Director remuneration [Abstract]
Salary to director [Abstract]
Total salary to director
Total director remuneration
0
0

Mrs. Radhika Roy is an English (Honours) graduate from Delhi University and a qualified speech pathologist from Oldrey Fleming School in
London. She has also completed a course in television production from the TISCH School of Arts, New York University.

Mr. Vikramaditya Chandra did his Bachelors in Economics from St. Stephen?s College in Delhi and went on to study at Oxford on an Inlaks
Scholarship. He honed his media skills at Stanford University where he did a course in Mass Media.
24

NDTV Ethnic Retail Limited: Standalone Statement of Profit & Loss For Period 01/04/2013 To 31/03/2014

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NDTV ETHNIC RETAIL 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 Millions of INR

[100200] Statement of profit and loss

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

Subclassification and notes on income and expense explanatory [TextBlock]

Total revenue from sale of services

Disclosure of notes on other income explanatory [TextBlock]

Disclosure of notes on finance cost explanatory [TextBlock]

Interest expense [Abstract]

Total interest expense short-term loans

Other cess taxes

Total rates and taxes excluding taxes on income

Safety security expenses

Cost information technology [Abstract]

Total other expenses

Textual information (1)

March 31, 2014

March 31, 2013

Textual information (2)

March 31, 2014

March 31, 2013

* Interest on Loan from NDTV Lifestyle Holdings Limited amounting to Rs 75,000,000.

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

Additional information on profit and loss account explanatory [TextBlock]

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

Total gross income from services rendered

Expenditure on other matters

Total expenditure in foreign currency

Textual information (3)

Changes in inventory of finished goods

March 31, 2014

Stock at the beginning of the year

Less: stock at the end of the year

Operations & Administration Expenses

March 31, 2013

March 31, 2014

March 31, 2013

Rent (refer note 26)

Rates and taxes

Electricity and water

Printing and stationery

Postage and courier

Books, periodicals and news papers

Local conveyance , travelling & taxi hire

- Plant & Machinery

Hosting & streaming

Generator hire and running

Legal, professional & consultancy

Foreign Exchange loss - Net

Brokerage & commission

Repair and Maintenance

March 31, 2014

March 31, 2013

Out of pocket expenses

Marketing, distribution & promotion expense

March 31, 2014

March 31, 2013

Textual information (4)

Summary of significant accounting policies