Hindustan Times Ltd-10

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The Hindustan TimesLtd.
Annual Report
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THE HINDUSTAN TIMES LIMITED
ID OF DiFIECTC
Smt. Shobhana Bhartia

Chairperson
Shri Priyavrat Bhartia Shri Shamit Bhartia Shri S. M. Agarwal
Shri V. K. Charoria
Director & Company Secretary
HINDUSTAN TIMES HOUSE

18-20, Kasturba Gandhi Marg, New Delhi-110001
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IT!
DIRECTORS' REPORT
TO, THE SHAREHOLDERS,
Your Directors have pleasure in presenting their Report and the audited accounts of the Company for the year ended 31st March 2010. FINANCIAL RESULTS AND APPROPRIATIONS : (Rs. in Lacs) 2009-10 Profit after Interest but before Depreciation/Amortisation, Extra-ordinary items and Tax Less : Depreciation/Amortisation Profit Before Tax Less : Provisions for Tax Deferred Tax Charge / (Credit) Profit After Tax Add : Profit brought from Previous year Profit Available for appropriation Appropriated as : Dividend on Equity Shares
2008-09 3730.15
5482.51
286.22 5196.29 510.00 (204.20) 4890.49 9241.51 14132.00
193.48 3536.67 267.10

-
3269.57 6025.10 9294.67
_^
53.16
53.16 9241.51
Balance to be carried forward OPERATIONS :
14078.84
Your company has substantially improved the infrastructural facilities in the Hindustan Times House at K G Marg, New Delhi and is continuously endeavoring to improve further. The efforts of last two years on improvement have already started bearing the fruits. During the time of recession when most of the buildings in Connaught Place were more than fifty percent unoccupied, HT House has been let out almost fully. Companies and organizations like Ministry Of Law & Justice, Competition Commission of India, World Bank, Corporation Bank to name a few, have made their offices in the building during the year. You company is also exploring further possibilities of venturing into other real estate projects including redevelopment of some of its existing property(s) to further strengthen its bottom line. DIVIDEND : Your Directors are pleased to recommend a dividend @ Rs.1 per share on 53,16,160 Equity shares of Rs. 107- each, for the financial year ended 31st March 2010. SUBSIDIARY COMPANIES : The performance of all the Subsidiary Companies are satisfactory. The audited statement of accounts, alongwith the report of the Directors and Auditors of the subsidiaries of the Company are attached to the Balance Sheet pursuant to the provisions of Section 212 of the Companies Act, 1956. FIXED DEPOSITS : During the year under review the Company has not accepted any deposits. There are no unclaimed deposits as on 31st March 2010. STATUTORY INFORMATION : Statement pursuant to Section 217 (2A) of the Companies Act, 1956, is annexed herewith.
THE HINDUSTAN TIMES LIMITED ANNUAL REPORT
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TOE IKHHNOyiTAM HUMES LD MQTED

The particulars, pursuant to Section 217 (1) (e) of the Companies Act, 1956, regarding Conservation of Energy, Technology Absorption, Foreign Exchange Earnings and Outgo are attached and form part of this report. As regards, observations made by the Auditors in their Report, the Notes on the Accounts are self-explanatory. DIRECTORS : Smt Shobhana Bhartia and Shri Priyavrat Bhartia shall retire by rotation at the ensuing Annual General Meeting, and being eligible, have offered themselves for re-appointment. Mr. V.K.Charoria was re-appointed by Board as Director & Company Secretary with effect from 1st June 2010 subject to consent from shareholders of the Company. The board commends the resolution for your approval. AUDIT COMMITTEE : The Audit Committee of the Board presently comprises Smt. Shobhana Bhartia, Shri Priyavrat Bhartia and Shri S.M. Agarwal. The Committee met once during the year. AUDITORS : The Statutory Auditors of your Company, M/s S.R.Batliboi & Co. Chartered Accountants have expressed their inability to continue as Statutory Auditor of the Company. Company has received notice pursuant to section 190 of the Companies Act, 1956 from a shareholder signifying his intention to propose appointment of M/s BGJC & Associates, Chartered Accountant, New Delhi as Statutory Auditor in place of M/s S.R.Batliboi & Co from the conclusion of this Annual General Meeting till the Conclusion of next Annual General Meeting. In terms of Section 224(1 B) of the Companies Act, 1956, the M/s BGJC & Associates, Chartered Accountants, have given a certificate regarding their eligibility for appointment as Auditor of the Company The Board recommends appointment of M/s BGJC & Associates, Chartered Accountants as Statutory Auditor of the Company.
ISIEmergingMarketsPDF in-microseccap1 from 125.99.75.25 on 2011-08-09 12:43:10 EDT. DownloadPDF. DIRECTORS' RESPONSIBILITY STATEMENT :
Pursuant to the requirements of Section 217(2AA) of the Companies Act, 1956, your Directors state that: I. in the preparation of the annual accounts for the financial year ended 31s' March, 2010 the applicable accounting standards have been followed alongwith proper explanation relating to material departures; II. such accounting policies have been selected and applied consistently and such judgments and estimates have been made that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at 31s' March, 2010 and of the profit of the Company for the year ended 31st March, 2010; III. proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956, for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities; IV. the annual accounts have been prepared on a going concern basis. ACKNOWLEDGEMENT : Your Directors place on record their sincere appreciation for the assistance and co-operation provided by Banks, Government authorities, Customers, Suppliers and Members. Your Directors also place on record their deep appreciation of the committed services of the Executives, staff and workers of your Company.
For and on behalf of the Board of Directors Place : New Delhi Date : September 01, 2010 Shobhana Bhartia Chairperson
THE HINDUSTAN TIMES LIMITED o ANNUAL REPORT 2010
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LDfiHTED
STATEMENT PURSUANT TO SECTION 212 OF THE COMPANIES ACT, 1956 The net aggregate amount of the profits/(Loss) of the Subsidiary company for the last as well as the previous years which concern the members of the Company but have not been dealt with in or for the purpose of the accounts of the company are given below :
S.No. Name of the Subsidiary Company Extent of holding Financial year ended Amount of ProW(Loss) of the Subsidiary Company's Last Financial Year (Rs. in Lacs)
(%)
of the
Subsidiary
Aggregate amount of Profit/Loss for the previous financial year of the Subsidiary Company (Rs. in lacs)
23866.27 584.97 557.99 (-)0.68 (-)0.80 H2840.50 66.49 2.66 H27.33
1. 2. 3. 4. 5. 6. 7. 8. 9.
HT Media Limited HTL Investment & Trading Company Limited Shradhanjali Investment & Trading Company Limited HT Films Limited White Tide Amusement Limited* Firefly e-ventures Limited***** Hindustan Media Ventures Limited** HT Music and Entertainment Company Limited** HT Digital Media Holdings Limited**
68.82
31.03.2010 31.03.2010 31.03.2010 31.03.2010 31.03.2010 31.03.2010 31.03.2010 31.03.2010 31.03.2010
8586.44 160.21 126.77 (-(0.33 (-)0.33 (~)1798.17 1003.21 4.68 (-)4.14
100 100 100 Nil Nil Nil
25
Nil
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10. 11. 12. 13. 14. 15. 16.
HT Interactive Media Properties Limited Go4i.com (Mauritius) Limited*** Go4i.com (India) Pvt. Limited**** HT Education Limited (Formerly known as Live Newscast Limited) HT Burda Media Limited** HT Mobile Solutions Limited***** HT Learning Centers Limited (w.e.f. 05.02.2010)******
100 Nil Nil 100 Nil Nil Nil
31.03.2010 31.03.2010 31.03.2010 31.03.2010
(-) 0.09
H440.41
(-) 16.84
1.35 H0.15 (-)1.82
(-J3.69 (-)0.22
31.03.2010 31.03.2010 31.03.2010
(-) 48.64 (-) 75.68

(-) 22.31
(-) 167.00
'The Company is subsidiary of HT Films Limited. "These Companies are subsidiaries of HT Media Limited. ***This Company is subsidiary of HT Interactive Media Properties Limited. ""This Company is subsidiary of Go4i.com (Mauritius) Limited. ""'These companies are subsidiaries of HT Digital Media Holdings Limited """This Company is Subsidiary of HT Education Limited Shobhana Bhartia Priyavrat Bhartia Shamit Bhartia S.M. Agarwal V.K. Charoria Directors THE HINDUSTAN TIMES LIMITED o ANNUAL REPORT
Place : New Delhi Date : 1st September 2010
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US
Disclosure of particulars with respect to Conservation of Energy & Technology Absorption, Foreign Exchange Earnings & Outgo as per section 217 (1)(e) of the Companies Act, 1956 read with Companies (Disclosure of Particulars in Report of Board of Directors) Rules 1988, and forming part of the Report of the Board of Directors for the year ended March 31, 2010. A. CONSERVATION OF ENERGY (a) Energy conservation measure taken Efforts are made for conservation of energy on an on-going basis. The energy conservation initiatives have resulted in improvement of power factor. (b) Additional investment and proposals, if any, being implemented for reduction of consumption of energy. None (c) Impact of the measure at (a) and (b) above for reduction of energy consumption and consequent impact on the cost of production of services. Improvement in the power factor has resulted in power saving. (d) Total energy consumption and energy consumption per unit of production. Not Applicable. B. TECHNOLOGY ABSORPTION (e) Efforts made in technology absorption Not Applicable C. FOREIGN EXCHANGE EARNINGS AND OUTGO (f]i Activities relating to exports; initiatives taken to increase exports; development of new export markets Not Applicable (g) Total foreign exchange used and earned Foreign exchange used: 6365 Thousand Foreign exchange earned: Nil
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HINDUSTAN TIMES LIMITED ANNUAL REPORT 2010
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THEIHWDUSTMiTflf
AUDITORS' REPORT
To The Members of The Hindustan Times Limited
1. We have audited the attached balance sheet of The Hindustan Times Limited (the Company') as at March 31,2010 and also the Profit and Loss account and the cash flow statement for the year ended on that date annexed thereto. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in India. Those Standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. As required by the Companies (Auditor's Report) Order, 2003 (as amended) issued by the Central Government of India in terms of sub-section (4A) of Section 227 of the Companies Act, 1956, we enclose in the Annexure a statement on the matters specified in paragraphs 4 and 5 of the said Order. Further to our comments in the Annexure referred to in para 3 above, we report that: i. ii. iii. iv. We have obtained all the information and explanations, which to the best of our knowledge and belief were necessary for the purposes of our audit; In our opinion, proper books of account as required by law have been kept by the Company so far as appears from our examination of those books; The balance sheet, profit and loss account and cash flow statement dealt with by this report are in agreement with the books of account; Incur opinion, the balance sheet, profit and loss account and cash flow statement dealt with by this report comply with the accounting standards referred to in sub-section (3C) of section 211 of the Companies Act, 1956. Directors, we report that none of the directors is disqualified as on March 31,2010 from being appointed as a director in terms of clause (g) of sub-section (1) of section 274 of the Companies Act, 1956. vi. In our opinion and to the best of our information and according to the explanations given to us, the said accounts give the information required by the Companies Act, 1956, in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India; (a) in the case of the balance sheet, of the state of affairs of the Company as at March 31,2010; (b) in the case of the profit and loss account, of the profit for the year ended on that date; and (c) in the case of cash flow statement, of the cash flows of the Company for the year ended on that date.
2.
3.
4.
ISIEmergingMarketsPDF in-microseccap1 from 125.99.75.25directors, as on March 31, 2010, and taken on record by the Board of v. On the basis of the written representations received from the on 2011-08-09 12:43:10 EDT. DownloadPDF.
For S.R. Batliboi & Co. Firm registration number: 301003E Chartered Accountants per Raj Agrawal Partner Membership No. 82028 Place : Gurgaon Date : September 01, 2010
THE HINDUSTAN TIMES LIMITED ANNUAL REPORT 2010
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UHllTEO
Annexure referred to in paragraph [3] of our report of even date
Re: The Hindustan Times Limited ('the Company') (i) (a) (b) (c) The Company has maintained proper records showing full particulars, including quantitative details and situation of fixed assets. Fixed assets have been physically verified by the management during the year and no material discrepancies were identified on such verification. There was no substantial disposal of fixed assets during the year.
As informed, the Company does not hold any inventory. Therefore the provisions of clause 4(ii) of the Companies (Auditor's Report) Order, 2003 (as amended) are not applicable to the company. (a) As informed, the Company has granted the loan to a director covered under register maintained under Section 301 of Companies Act, 1956. The maximum amount involved during the year is Rs. 741 thousand and outstanding at the year end is Rs. 548 thousand. In our opinion, and according to the information and explanation given to us, the terms and conditions of such loan is in accordance with Companies' Human resource policy and thus, is not prima facie prejudicial to the interest of the Company. In respect of loans granted, repayment of the principal amount is as stipulated and payment of interest have been regular. There is no overdue amount of loan granted to companies, firms or other parties listed in the register maintained under section 301 of the Companies Act, 1956. As informed, the Company has not taken any loans, secured or unsecured from companies, firms or other parties covered in the register maintained under section 301 of the Companies Act, 1956. Accordingly, provisions of clauses 4(iii) (f) and (g) of the Companies (Auditor's Report) Order, 2003 (as amended) are not applicable to the Company.
(b)
(c) (d) (e)
(iv)
In our opinion and according to the information and explanations given to us, there is an adequate internal control system commensurate with the size of the Company and the nature of its business, for the purchase of inventory and fixed assets and for the sale of goods and services. During the course of our audit, no major weakness has been noticed in the internal control system in respect of these areas. During the course of our audit, we have not observed any continuing failure to correct major weakness in internal control system of the company. (a) According to the information and explanations provided by the management, we are of the opinion that the particulars of contracts or arrangements referred to in section 301 of the Act that need to be entered into the register maintained under section 301 have been so entered. In our opinion and according to the information and explanations given to us, the transactions made in pursuance of such contracts or arrangements exceeding value of Rupees five lakhs have been entered into during the financial year at prices which are reasonable having regard to the prevailing market prices at the relevant time.
(v)
(b)
(vi)
In respect of deposits accepted in earlier years, in our opinion and according to the information and explanations given to us, directives issued by the Reserve Bank of India and the provisions of sections 58A, 58AA or any other relevant provisions of the Companies Act, 1956 and the rules framed there under, to the extent applicable, have been complied with. We are informed by the management that no order has been passed by the Company Law Board, National Company Law Tribunal or Reserve Bank of India or any Court or any other Tribunal. In our opinion, the Company has an internal audit system commensurate with the size and nature of its business.
(vii)
(viii) TD the best of our knowledge and as explained, the Central Government has not prescribed maintenance of cost records under clause (d) of sub-section (1) of section 209 of the Companies Act, 1956 for the products of the Company. (ix) (a) Undisputed statutory dues including provident fund, investor education and protection fund, or employees' state insurance, income-tax, sales-tax, wealth-tax, sen/ice tax, customs duty, excise duty, cess have generally been regularly deposited with the appropriate authorities though there has been a slight delay in one case. Based on the information and explanation given to us, the Company is not liable to employees state insurance.
TUB HINDUSTAN TIMES LIMITED ANNUAL REPORT 2010
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Further, since the Central Governent has till date not prescribed the amount of cess payable under section 441 A of the Companies Act, 1956, we are not in a position to comment upon the regularity or otherwise of the company in depositing the same. (b) According to the information and explanations given to us, no undisputed amounts payable in respect of provident fund, investor education and protection fund, income-tax, wealth-tax, service tax, sales-tax, customs duty, excise duty, cess and other undisputed statutory dues were outstanding, at the year end, for a period of more than six months from the date they became payable. Based on the information and explanation given to us, the Company is not liable to employees' state insurance. According to the information and explanation given to us, there are no dues of income tax, sales-tax, wealth tax, service tax, customs duty, excise duty and cess which have not been deposited on account of any dispute.
(c) (x) (xi)
The Company has been no accumulated losses at the end of the financial year and it has not incurred cash losses in the current and in the immediately preceding financial year. Based on our audit procedures and as per the information and explanations given by the management, we are of the opinion that the Company has not defaulted in repayment of dues to a financial institution or banks. The Company has no outstanding dues in respect of financial institutions and debenture holders. According to the information and explanations given to us and based on the documents and records produced to us, the Company has not granted loans and advances on the basis of security by way of pledge of shares, debentures and other securities.
(xii)
(xiii) In our opinion, the Company is not a chit fund or a nidhi / mutual benefit fund / society. Therefore, the provisions of clause 4(xiii) of the Companies (Auditor's Report) Order, 2003 (as amended) are not applicable to the Company. (xiv) In respect of dealing/trading in units of mutual funds, shares of companies, securities, and other investments, in our opinion and according to the information and explanations given to us, proper records have been maintained of the transactions and contracts and timely entries have been made therein. The units, shares, securities, and other investments have been held by the Company, in its own name. According to the information and explanations given to us, the Company has not given any guarantee for loans taken by others from bank or financial institutions.
(xv)
(xvi) The Company did not have any term loans outstanding during the year. (xvii) According to the information and explanations given to us and on an overall examination of the balance sheet of the Company, we report that no funds raised on short-term basis have been used for long-term investment. (xviii) The Company has not made any preferential allotment of shares to parties or companies covered in the register maintained under section 301 of the Companies Act, 1956. (xix) (xx) (xxi) The Company did not have any outstanding debentures during the year. The Company has not raised any money through a public issue during the year. Based upon the audit procedures performed for the purpose of reporting the true and fair view of the financial statements and as per the information and explanations given by the management, we report that no fraud on or by the Company has been noticed or reported during the course of our audit.
For S.R. Batliboi & Co. Firm registration number:'301003E Chartered Accountants per Raj Agrawal Partner Membership No. : 82028 Place : Gurgaon Date : September 01, 2010
THE (HINDUSTAN TIMES LIMITED o ANNUAL REPORT 2010
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Balance Sheet as at 31st March, 2010

(Rs. in '000)
Schedule SOURCES OF FUNDS Shareholders' Funds Share Capital Reserves and Surplus
As at March 31, 2010
As at March 31 , 2009
1 2
53,162 5,581,661 5,634,823
53,162 5,112,271 5,165,433
APPLICATION OF FUNDS Fixed Assets Gross Block Less : Accumulated Depreciation Net Block Capital Work-in-Progress including Capital Advances Intangible Assets (net of Amortisation) Investments Deferred Tax Assets (Net) Current Assets, Loans and Advances
4 5 6 3
2,329,863 449,993 1 ,879,870 8,985 1 ,888,855 1,964 3,912,787 102,920
2,272,871 407,863 1,865,008 17,513 1,882,521 2,658 3,594,524 82,500 8,543 25,662 64,573 381,016 479,794 756,918 119,646 876,564 (396,770) 5,165,433
Sundry Debtors 7 33,296 Cash and Bank Balances 8 18,072 Other Current Assets 9 12:43:10 EDT. DownloadPDF. 82,509 ISIEmergingMarketsPDF in-microseccap1 from 125.99.75.25 on 2011-08-09 Loans and Advances 10 455,783 589,660 Less: Current Liabilities and Provisions Current: Liabilities 11 741,580 Provisions 12 119,783 Net Current Assets / (Liabilities) Notes to Accounts
19
861,363 (271,703) 5,634,823
The schedules referred to above and notes to accounts form an integral part of the Balance Sheet. As per our report of even date For S.F1. Batliboi & Co. Firm registration Number : 301003E Chartered Accountants Per Raj Agrawal Partner Membership No. 82028 Place: Gurgaon Date : September 1, 2010 Shobhana Bhartia Chairperson For and on behalf of the Board of Directors Priyavrat Bhartia Director Shamit Bhartia Director S.M. Agarwal Director
Naresh Gupta Vice President
V.K. Charoria Director & C< ampany Secretary
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TI
Profit and Loss Account for the Year ended March 31, 2010 Schedule INCOME Turnover Other Income EXPENDITURE Personnel Expenses Operating and Other Expenses Depreciation/Amortisation Financial Expenses Profit before tax Income Tax Expense - Fringe Benefit Tax - Deferred Tax Charge/(Credit) - Current Income Tax (Minimum Alternate Tax) Total Tax Expense Net Profit for the year Credit Balance brought forward from previous year Amount available for appropriation Appropriations - Proposed Dividend Surplus carried to Balance Sheet Earnings per share Basic [Nominal value of shares Rs.10 (Previous Year Rs.10 )] Diluted [Nominal value of shares Rs.10 (Previous Year Rs.10 )] Notes to Accounts
19 18
91.99 5,316
For the Year ended March 31, 2010
(Rs. in '000) For the Year ended March 31 , 2009
13 14
679,675 90,746 770,421
642,988 6,983 649,971 13,821 252,884 19,348 10,251 296,304 353,667
15 16 3, 4
17
14,252 206,830 28,622

1,088
250,792 519,629
1,230
(20,420) 51,000 30,580 489,049 924,151 1,413,200 25,480 26,710 326,957 602,510 929,467
5,316
924,151
1,407,884
61.50 61.50
91 .99
The schedules referred to above and the notes to accounts form an integral part of the Profit & Loss Account. As per our report of even date For S.R. Batliboi & Co. Firm registration Number : 301003E Chartered Accountants Per Raj Agrawal Partner Membership No. 82028 Place: Gurgaon Date : September 1, 2010 Shobhana Bhartia Chairperson For and on behalf of the Board of Directors Priyavrat Bhartia Director Shamit Bhartia Director S.M. Agarwal Director
V.K. Charoria Director & Company Secretary
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Cash Flow Statement for the year ended March 31, 2010
March 31, 2010 Rs. in thousands A. Cash flow from operating activities Profit before taxation 519,629 Adjustments for: Depreciation/amortisation 28,622 Loss on disposal of fixed assets (net) 35 Provision made/(Written back) for diminution in value of investments (75,575) (Profit) / Loss on sale of investments (net) 57,676 Dividend income from Subsidiaries (58,232) Dividend income from Others (89,464) Interest iincome (32,266) Irrecoverable balances written off 240 Amounts written back (901) Provision for doubtful debts and advances 600 Interest expense 570 Operating profit before working capital changes 350,934 Movements in working capital : (24,754) (Increase)/Decrease in sundry debtors (Increased/Decrease in loans and advances and other current assets (9,069) (Decrease)/lncrease in current liabilities (14,967) Cash generated from operations 302,144 (62,624) Direct taxes paid (net of refunds) (Previous year including Fringe Benefits Taxes paid) Net cash from operating activities 239,520 B. Cash flows from investing activities Purchase of fixed assets (47,714) Proceeds from sale of fixed assets 158 Purchase of investments (726,780) Sale of investments 426,417 (Loan to) / repayment from other companies and a trust (55,134) 137,991 Dividend received Fixed Deposits placed (12,801) Fixed Deposits redeemed ISIEmergingMarketsPDF in-microseccap1 from 125.99.75.25 on 2011-08-09 12:43:10 EDT. DownloadPDF. Interest ireceived 23,838 Net cash (used in)/from investing activities (254,025) C. Cash flows from financing activities Proceeds from/(Repayment of) Overdraft facility with a bank Repayment of long-term borrowings (5,316) Dividend Paid Interest 'paid (570) Net cash (used in) financing activities (5,886) Net incrcase/(clecrease) in cash and cash equivalents (A + B + C) (20,391) Cash and cash equivalents at the beginning of the year 23,915 3,524 Cash and cash equivalents at the end of the year Components of cash and cash equivalents as at* Cash and cheques on hand With Scheduled banks - on current accounts (net of book overdraft) - on deposit accounts - on unpaid dividend accounts 'difference of Rs. 14,548 thousands (Previous year Rs. 1,747 thousands) from Schedule 8 represents short-term investments with an original maturity of three months or more. Note: The above Cash Flow Statement has been prepared under the"lndirect Method" as stated in Accounting Standard 3 on Cash Flow Statement. As per our report of even date For S.R. Batllboi & Co. Firm registration Number : 301003E Chartered Accountants Per Raj Agrawal Partner Membership No. 82028 Place : Gurgaon Date : September 1, 2010 Shobhana Bhartia Chairperson Naresh Gupta Vice President For and on behalf of the Board of Directors Priyavrat Bhartia Director Shamit Bhartia Director S.M. Agarwal Director 31.03.2010 100 3,020 100 304 3,524 March 31, 2009 Rs. in thousands 353,667 19,348 4,902 67,854 38,014 (112,920) (85,120) (20,624) 1,877 (1,119) 1,772 9,862 277,513 (1,733) (38,138) 277,644 515,286 (23,353) 491,933 (78,553) 18,478 (5,959,105) 5,501,451 310,439 149,514 (1,747) 6,469 35,821 (17,233) (400,332) (50,000) (5,316) (9,862) (465,510) 9,190 14,725 23,915 31.03.2009 11 23,498 100 306 23,915
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T1S
Schedules to the Accounts
LMIJI
(Rs. in '000)
Schedule 1 : Share Capital Authorised 29,950,000 (Previous year 29,950,000) equity shares of Rs. 10 each 5,000 (Previous year 5,000) preference shares of Rs. 100 each
299,500 500
300,000
299,500
500
300,000
Issued
5,318,880 (Previous year 5,318,880) equity shares of Rs. 10 each fully paid Issued, Subscribed and Paid up 5,316,160 (Previous year 5,316,160) equity shares of Rs. 10 each fully paid Of the above: (i) 200 (Previous year 200) equity shares were allotted as fully paid-up for consideration other than cash (ii) 5,065,810 (Previous year 5,065,810) equity shares were allotted as fully paid-up bonus shares by capitalisation of general reserve in earlier years. Schedule 2 : Reserve and Surplus ISIEmergingMarketsPDF in-microseccap1 from 125.99.75.25 on 2011-08-09 12:43:10 EDT. DownloadPDF. Capital Reserve As per last Balance Sheet Revaluation Reserve As per last Balance Sheet Less : Transfer to Profit & Loss Account being difference of depreciation on revalued amount of assets and on original cost General Reserve As per last Balance Sheet Profit and Loss Account Balance 2,637,277 1,407,884 5,581,661 2,637,277 924,151 5,112,271 1,547,225 14,343 1,532,882 1,562,333 15,108 1,547,225
3,618
53,189 53,189
53,162
53,189 53,189 53,162 53,162
53,162
3,618
11
www.sansco.net

(Rs. in '000)
=3
Schedule 3 : Fixed Assets LandLeasehold Gross Block At 01 .04.09 Additions Deductions At 31.03.2010 At 01 .04.09 For the year Deletions / Adjustments At 31.03.2010 Net Block At 31.03.2010 At 31 .03.2009 Capital Work In Progress (including Capital Advances of Rs. 6,257 thousands, previous year Rs. 2,642 thousands)) Total 16,681 1,329,020 403,098 94,536 24,249 12,285 16,681 16,690 1,329,020 1 ,328,649 403,098 408,371 94,536 83,458 24,249 22,449 12,285 1,879,870 1,865,008 8,985 1,865,008 1,772,395 17,513 16,907
-
LandFreehold 1,328,649
371
Buildings*
Plant& Machinery 133,364 24,628

198
Furniture & Fittings 43,780
Vehicles
Total
Previous Year 2,171,601 1,395,641 1,294,371 2,272,871 399,205 33,763 25,106 407,863
741,606 15,400
-
8,565
2,272,871 57,326
335
7,166
-
9,761
137
16,907
217
1,329,020
-
757,006 333,235 20,673

-
157,794 49,906 13,438

86
50,946 21,331 5,366

-
18,189
2,329,863 407,863 42,272

142
H
d O =
Depreciation ISIEmergingMarketsPDF in-microseccap1 from 125.99.75.25 on 2011-08-09 12:43:10 EDT. DownloadPDF.
3,174
2,786
56
9 226
ffl W> 3
P
H
353,908
63,258
26,697
5,904
449,993
5,391
1,888,855
1,882,521
Notes : 1. 'Include Rs.500 for purchase of 10 shares of Gulmohar Co operative Housing Society Limited, Mumbai and Rs. 7,000 for purchase of 700 Shares of Abhivrudhi Co operative Housing Society Limited. 2. Lease hold Land includes Rs. 895 thousands paid in earlier year to Jaipur Development Authority for purchase of Leasehold Land at Jaipur, possession of which has been taken by the Company, however, registration of said Land in favour of Company is pending. 3. Fixed Assets amounting to Rs.Nil (Previous Year Rs. 6,100 thousands) held under joint ownership with others, as these have been transferred/ purchased by the Company during the year. 4. The Company had got the land, building and Plant and Machinery situated at 18 - 20, Kasturba Gandhi Marg , New Delhi revalued by a reputed valuer as at the close of March 31st, 1986, April 1st, 1987, April 1st, 1992 and March 31st, 2001 and the increase in Gross Block of such assets by Rs.1,793,553 thousands (Previous year Rs.1,793,553 thousands) due to revaluation was credited to Revaluation Reserve. 5. Details of Depreciation charged to Profit and Loss Account are as under: 2009-10 2008-09 Depreciation as above 42,272 33,763 Add : Amortisation of Intangible Assets 694 693 Less : Adjusted from Revaluation Reserve 14,343 15,108
28,622
19,348
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Schedule 4 : Intangible Assets Software Licenses Gross Block As at 31 .03.2009 Additions As at 31.03.2010 Amortisation As at 31 .03.2009 For the year As at 31.03.2010 Net Block As at 31.03.2010 As at 31 .03.2009
1,964 1,964 1,502
694
(Rs. in '000)
Total
Previous Year
4,160
4,160
4,160
4,160
4,160
4,160
1,502
694
809 693
2,196
2,196
1,502
2,658
3,351
2,658
2,658
Schedule 5 : Investments
As at As at March 31, 2010 March 31 , 2009
Long Term Investments A.ISIEmergingMarketsPDF in-microseccap1 from 125.99.75.25 on 2011-08-09 12:43:10 EDT. DownloadPDF. Other than Trade Investments (Quoted) Fully paid up equity shares 46,986,396 (Previous year 45,104,177) in Chambal Fertiliser & Chemicals Limited of Rs. 10 each 47,584 (Previous year 47,584) in The Birla Cotton Spinning & Weaving Mills Limited of Rs. 10 each 317,400 (Previous year 317,400) in Duke Commerce Limited of Rs. 10 each Bonds 300 (Previous year 300) in Unsecured, Tax Free, Non-convertible 6.85% India Infrastructure Financial Company Limited, 2014 Tax Free Series II bonds of Rs. 100,000 each Units in fixed maturity plan of mutual fund 1,000,000 (Previous year Nil) in Bharti Axa Fixed Maturity Plan Series C Plan 1 - Growth of Rs. 10 each 1,000,000 (Previous year Nil) in DWS Fixed Term Fund Series 67 - Growth Plan of Rs. 10 each 1,000,000 (Previous year Nil) in HDFC FMP 18M October 2009 - Growth Series XI of Rs. 10 each 2,000,000 (Previous year Nil) in HDFC FMP 14M March 2010 - Growth Series XII of Rs. 10 each 1,000,000 (Previous year Nil) in ICICI Prudential FMP Series 51-13 Months Plan C Cumulative of Rs. 10 each 500,000 (Previous year Nil) in Sundaram BNP Paribas FTP 367 days Series P - Growth of Rs. 10 each 10,000 10,000 10,000 20,000 10,000 5,000 886,193
792,458
504
504
3,174
3,174
30,000
30,000
THE HINDUSTAN TIMES LIMITED * ANNUAL REPORT 2i
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TIHlf
Tl
(Rs. in thousands)
As at March 31, 2010 As at March 31, 2009
2,000,000 (Previous year Nil) in Sundaram BNP Paribas FTP 14 Months Serieis AA - Growth of Rs. 10 each 250,000 (Previous year Nil) in Tata Fixed Maturity Plan Series 25 Scheme B - High Investment Plan - Growth of Rs. 10 each 1 ,000,000 (Previous year Nil) in Taurus Fixed Maturity Plan 385 Days Series 1 - Institutional Growth of Rs. 10 each 500,000 (Previous year Nil) in UTI Fixed Maturity Plan - Yearly Series (YFMP 09 / 09) - Growth Plan of Rs. 10 each B.'other than Trade Investments (Unquoted) 30,000 (Previous year 30,000) Equity shares of USD 1/- each fully paid up in TVM Limited Less: Provision for diminution in the value of shares 25,000 (Previous year 25,000) equity shares of Rs. 10 each fully paid up in Paxton Trexim Private Limited
20,000 2,500 10,000 5,000

-
1,050
(1,050) 12,846
1,050
(1,050) 12,846 50,000
5,000,000 (Previous year 5,000,000) 14% Cumulative non-convertible 50,000 preference shares in Jubilant Enpro Private Limited of Rs. 10 each ISIEmergingMarketsPDF in-microseccap1 from 125.99.75.25 on 2011-08-09 12:43:10 EDT. DownloadPDF. redeemable at par within a period of 20 years C. In Subsidiary Companies (Unquoted) Fully paid up equity shares of Rs. 10 each 1,092,182 (Previous year 1,092,182) in HTL Investments & Trading Co. Limited 760,532 (Previous year 760,532) in Shradhanjali Investment & Trading Co. Limited 4,500,000 (Previous year 4,500,000) in HT Interactive Media Properties Limited Less : Provision for diminution in the value of shares 2,500,000 (Previous year 2,500,000) equity shares in HT Music and Entertainment Company Limited of Rs. 1 each 50,000 (Previous year 50,000) in HT Films Limited 6 (Previous year 6) in White Tide Amusement Limited (formerly HT Amusement Limited) 50,000 (Previous year 50,000) in HT Education Limited (formerly Live Newscast Limited) Fully paid up preference shares 500,000 (Previous year 500,000) 10% non-cumulative preference shares in HTL Investment & Trading Company Limited of Rs. 10 each at a premium of Rs. 490 per share redeemable at Rs. 500 per preference share within a period of 20 years 600,000 (Previous year 600,000) 10% non-cumulative preference shares in Shradhanjali Investment & Trading Company Limited of Rs. 10 each at a premium of Rs. 490 per share redeemable at Rs. 500 per preference share within a period of 20 years 250,000
500
10,923 7,606 45,000 (45,000) 2,500

500
10,923 7,606 45,000 (45,000) 2,500

500
500
250,000
300,000
300,000
14
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Registered Office: Hindustan Times House, 18-20, Kasturba Gandhi Marg, New Delhi-110001
ATTENDANCE SLIP Please complete this Attendance Slip and hand it over at the entrance of the meeting hall. Joint Shareholders may obtain additional attendance slip on request. Ledger Folio No. Name: Address: hereby record my presence at the 81st Annual General f Meeting of the Company to be held on Thursday, the 30th September, 2010 at 2 p.m. at Hall B, second floor, Hotel The3 Hans Plaza', 15, Barakhamba Road New Delhi-110001. Signatures of Shareholders / Proxy : No. of Shares held:
PROXY FORM

Registered Office: Hindustan Times House, 18-20, 2011-08-09 12:43:10 EDT. DownloadPDF. ISIEmergingMarketsPDF in-microseccap1 from 125.99.75.25 on Kasturba Gandhi Marg, New Delhi-110001
I / We of being a member of The Hindustan Times Limited, hereby appoint of or failing him of as / my our proxy in my / our absence to attend and vote for me / us and on my / our behaJf at the 81st Annual General Meeting of the Company to be held on Thursday, the 30th September, 2010 at 2 p.m. at Hall B, second floor, Hotel The Hans Plaza', 15, Barakhamba Road, New Delhi-110001, and / or at any adjournment hereof. Signed this day of 2010
Signature Ledger Folio No. Name: Address: NOTE: (a) The Proxy in order to be effective must be deposited at the Registered Office of the Company duly stamped, completed and signed, at least 48 hours before the time for holding of the meeting. (b) The Proxy form should be signed across the stamp as per specimen signature registered with the company. No. of Shares held:
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Registered Office: Hindustan Times House, 18-20, Kasturba Gandhi Marg, New Delhi-110001
NOTICE Notice is hereby given that the 81st Annual General Meeting of the members of The Hindustan Times Limited, will be held on Thursday, the 30th September, 2010, at 2.00 P.M. at Hall B, Second Floor, Hotel The Hans' Plaza, 15 Barakhamba Road, New Delhi-110001 to transact the following business: ORDINARY BUSINESS : ITEM NO. 1 Receive, consider and adopt the audited Balance Sheet ov the Company as at 31st March 2010, Profit and Loss Account for the year ended on that date and the reports of the Board of Directors and Auditors thereon. ITEM NO. 2 Declare dividend on Equity Shares for the year ended 31st March 2010. ITEM NO. 3 Appoint a Director in place of Smt Shobhana Bhartia, who retires by rotation and being eligible offers herself for reISIEmergingMarketsPDF in-microseccap1 from 125.99.75.25 on 2011-08-09 12:43:10 EDT. DownloadPDF. appointment.
ITEM NO. 4 Appoint a Director in place of Shri Priyavrat Bhartia, who retires by rotation and being eligible offers himself for reappointment. ITEM NO. 5 Appoint M/s BGJC & Associates, Chartered Accountants, New Delhi in place of M/s S.R.Batliboi & Co., Chartered Accountants, Gurgaon as the Statutory Auditors of the company to hold office upto the conclusion of the next Annual General Meeting and to fix their remuneration. "Resolved that M/s. BGJC & Associates, Chartered Accountants, New Delhi be and is hereby appointed as Statutory Auditors in place of M/s S.R.Batliboi & Co., Chartered Accountants, who have expressed their inability to continue as the Statutory Auditor, from the conclusion of this Annual General Meeting till the conclusion of the next Annual General Meeting on remuneration to be decided by the Board of Directors." SPECIAL BUSINESS ITEM NO. 6 To consider and, if thought fit to pass with or without modification(s), the following resolution as an Ordinary Resolution: "RESOLVED THAT pursuant to the provisions of Section 198, 269 and 309 read with Schedule XIII and other applicable provisions, if any, of the Companies Act, 1956 and approval of Central Government, if necessary, approval of the General Meeting be and is hereby accorded for the re-appointment of Shri V K Charoria, as Director & Company Secretary of the
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Company for a period of 5 years w.e.f. 1st June 2010 on the following terms and conditions including payment of remuneration, with liberty to the Board of Directors to alter and vary the terms and conditions and / or remuneration, not exceeding the limits specified under Schedule XIII to the Companies Act, 1956 including any statutory modification(s) or re-enactment thereof:
S.No.
Particulars Salary Housing Medical re-imbursement Leave Travel Concession PF Contribution

Car
1. 2. 3. 4. 5. 6. 7. 8. 9.
10.
Rs. 1 lac per month House Rent Allowance which shall not exceed 55% of the salary or fully furnished residential accommodation, in lieu thereof For self and his family, subject to ceiling of Rs. 16, 0007- per annum For self and his family, once a year not exceeding Rs. 60,0007- per annum. Contribution to Provident Fund shall be as per rules of the Company. The Company shall provide car with driver for the Company business, the cost of which shall not exceed Rs.35, 0007- per month. Free Telephone facility at the residence for the Company's business As per Company's policy Gratuity and other retirement benefits shall be as per the rules of the Company. As decided by the Board from time to time.
Telephone Personal Accident Insurance Gratuity and other retirement benefits Performance based incentives
RESOLVED FURTHER THAT in case of absence or inadequacy of profits in any financial year during the tenure of his appointment the above remuneration shall be paid to him, as minimum remuneration subject to approval of the Central Government, if required, for the said financial year. RESOLVED FURTHER THAT any one Director of the Company be and is hereby authorized to take all such steps as may be necessary, proper or expedient to give effect to this resolution."
By Order of the Board Place: New Delhi Date : September 01, 2010 (V.K. Charoria) Director & Company Secretary
NOTES : 1. A member entitled to attend and vote at the meeting is entitled to appoint a proxy to attend and vote in his/ her stead and the proxy need not be a member of the Company. Proxies, in order to be effective, must be received by the Company at its registered office not less than 48 hours before the scheduled time of the meeting. A blank proxy form is annexed to this notice. 2. The Register of Members and Share Transfer Books of the Company shall remain closed from Friday, the 24th September 2010 to Thursday, the 30th September 2010 both days inclusive. 3. Explanatory statement pursuant to section 173(2) to special business is annexed herewith.
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EXPLANATORY STATEMENT PURSUANT TO SECTION 173(2) OF THE COMPANIES ACT. 1956 ITEM NO.5 M/s S.R.Batliboi & Co., Chartered Accountants, Gurgaon have expressed their inability to continue as the Statutory Auditor of the Company. The Company has received notice pursuant to Section 190 of the Companies Act, 1956 from a shareholder signifying his intention to propose appointment of M/s BGJC & Associates, Chartered Accountants, New Delhi as Statutory Auditor in place of M/s S.R.Batliboi & Co from the conclusion of this Annual General Meeting till the Conclusion of next Annual General Meeting. The Board recommends for appointment of M/s BGJC & Associates, Chartered Accountants as Statutory Auditor of the Company. ITEM NO.6 The Members of the Company at their Annual General Meeting held on 29th September 2007 had approved the appointment of Shri V.K.Charoria as Director & Company Secretary of the Company w.e.f. 1st June 2007 for a period of 3 (Three) years. The said period of appointment of Shri V.K.Charoria as Director & Company Secretary of the Company had expired on 31st May 2010. The Board of Directors of the Company at their meeting held on 28th May 2010 has, subject to the approval of members, unanimously approved the re-appointed of Shri V.K.Charoria as Director & Company Secretary of the Company w.e.f. 1st June 2010 for a further period of five years. An abstract of the terms of re-appointment pursuant to Section 302 of the 12:43:10 EDT. 1956 dated 28 ISIEmergingMarketsPDF in-microseccap1 from 125.99.75.25 on 2011-08-09 Companies Act,DownloadPDF. already been circulated to the members. Shri V.K.Charoria holds a degree in commerce (Hons.) from Calcutta University. He is also a member of The Institute of Company Secretaries of India and Institute of Cost and Works Accountant of India. He has been associated with the Company/Group for more than a decade and held various positions in the organization. Considering his experience and contribution made, the Board of Directors at its meeting held on 28th May 2010, had re-appointed him as Director & Company Secretary of the Company. The Board recommends the resolution set out at item 6 of the notice for your approval. None of the Directors except Shri V.K.Charoria is interested in the above resolution.
th
May 2010 has
By Order of the Board Place : New Delhi Date : September 01, 2010 (V.K. Charoria) Director & Company Secretary
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TC
(Rs. in thousands)

D. In Subsidiary Company (Quoted) Fully paid up equity shares of Rs. 2 each 161,754,490 (Previous year 161,754,490) in HT Media Limited CURRENT INVESTMENTS E. Other than Trade Investments (Quoted) Units in Income fund of Mutual Fund 7835548.333 (Previous year Nil) in LICMF Savings Plus Fund Daily Dividend Plan of Rs. 10 each Nil (Previous year 586,177.73) in Reliance Medium Term Fund Daily Dividend Plan of Rs. 10 each F. Trade Investments (Quoted) Fully paid up equity shares 5 (Previous year 5) in Hero Honda Limited of Rs. 2 each 302,885 (Previous year 350,753) in Federal Bank Limited of Rs. 10 each* 1,88,000 (Previous year 218,951) in ICICI Bank Limited of Rs. 10 each* 18,204 (Previous year 18,204) in Jubilant Organosys Limited of Re. 1 each* 5 (Previous year 5) in Grasim Limited of Rs. 10 each 78,355 1,997,912
1,997,912
10021
4
51,158 117,211
4
59,243 137,921
2,218
2,218
6
93
105 (Previous year 105) in Asian Paints Limited of Rs. 10 each* 500 (Previous year 500) in HDFC Bank Limited of Rs. 10 each* 5,938 (Previous year 5,938) in PVR Limited of Rs. 10 each* 152 (Previous year 402) in Crisil Limited of Rs. 10 each Nil (Previous year 5,000) in Patni Computers Limited of Rs. 2 each 300 (Previous year 300) in Kotak Mahindra Bank Limited of Rs. 10 each* 700 (Previous year Nil) in Housing Development Finance Corporation Limited of Rs. 10 each 7,037 (Previous year Nil) in Aditya Birla Chemicals (India) Limited of Rs. 10 each 697 (Previous year Nil) in Goodyear India Ltd. of Rs. 10 each 6,693 (Previous year Nil) in Banco Products (I) Limited of Rs. 2 each 1,000 (Previous year Nil) in Rolta India Limited of Rs. 10 each 1,000 (Previous year Nil) in Indraprastha Gas Limited of Rs. 10 each 2,650 (Previous year Nil) in Aegis Logistics Limited of Rs. 10 each 105 (Previous year Nil) in Clariant Chemicals (India) Ltd. Of Rs. 10 each 492 (Previous year Nil) in Grindwell Norton Limited of Rs. 5 each 841 (Previous year Nil) in VST Industries Limited of Rs. 10 each 320 (Previous year Nil) in Fulford India Ltd. Of Rs. 10 each 100 (Previous year Nil) in TRF Limited of Rs. 10 each
93
493 574 371
493 574 980 524 256
244
1,837 622 134 521 169 187 468 33 56 361 185 47
THE HINDUSTAN TIMES LIMITED o ANNUAL REPORT 2010 15
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Tfi
UiSITED
(Rs. in thousands)
As at March 31, 2010 As at March 31, 2009 -
1,040 (Previous year Nil) in Balkrishna Industries Limited of Rs. 10 each 1 ,825 (Previous year Nil) in Excel Crop Care Limited of Rs. 5 each 2,000 (Previous year Nil) in Vikas WSP Ltd of Rs. 1 each 8,000 (Previous year Nil) in HBL Power Systems Limited of Rs. 1 each 2,000 (Previous year Nil) in Balaji Amines Limited of Rs. 10 each 2,030 (Previous year Nil) in Polyplex Corporation Limited of Rs. 10 each 1,000 (Previous year Nil) in Tata Investment Corporation Limited of Rs. 10 each Less: Provision for diminution in the value of current investments* Aggregeite amount of quoted investments Market Value Rs. 25,868,739 thousands (Previous year Rs. 11,470,376 thousands) Aggregate amount of unquoted investments
608 258
68
284 291 400 506
3,912,920
133
3,671,256 76,732 3,594,524 3,036,381 634,875
3,912,787 3,278,045
634,875
(i) The shares and units of mutual funds purchased and sold during the year are as below: Purchased (Rs. ISIEmergingMarketsPDF in-microseccap1 from 125.99.75.25 on 2011-08-09 12:43:10 EDT. DownloadPDF. In thousands) Fully paid up equity shares/units 107'60 Equity Shares of Rs. 2 each of Aban Offshore Limited 1200 Equity Shares of Rs. 1 each of Adani Enterprises Limited 7037 Equity Shares of Rs. 10 each of Aditya Birla Chemicals (India) Limited 2650 Equity Shares of Rs. 10 each of Aegis Logistics Limited 1100 Equity Shares of Rs. 10 each of Allahabad Bank 500 Equity Shares of Rs. 10 each of Ansal Housing and Construction Limited 6000 Equity Shares of Rs. 5 each of Ansal Properties & Infrastructure Limited 250 Equity Shares of Rs. 2 each of Areva T&D India Limited 3000 Equity Shares of Rs. 1 each of Assam Company India Limited 1000 Equity Shares of Rs. 2 each of Astra Microwave Products Limited 19860 Equity Shares of Rs. 1 each of Bajaj Hindusthan Limited 2000 Equity Shares of Rs. 10 each of Balaji Amines Limited 1040 Equity Shares of Rs. 10 each of Balkrishna Industries Limited 12439 Equity Shares of Rs. 1 each of Balrampur Chini Mills Limited 6693 Equity Shares of Rs. 2 each of Banco Products (I) Limited 100 Equity Shares of Rs. 5 each of Bharti Airtel Limited 5000 Equity Shares of Rs. 1.0 each of BPL Limited 1953 Equity Shares of Rs. 10 each of Cairn India Limited 1882219 Equity Shares of Rs. 10 each of Chambal Fertilizer & Chemicals Limited 500 Equity Shares of Rs. 10 each of Chennai Petroleum Corporation Limited
13,013
535 622 468

134
28
453
90 64
89
4,089
291 608
1,548 521 33 227 537

93,735
109
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Purchased 105 Equity Shares of Rs. 10 each of Clariant Chemicals (India) Ltd. 2000 Equity Shares of Rs. 10 each of Dewan Housing Finance Corporation Limited 2500 Equity Shares of Rs. 1 each of Dish TV India Limited 250 Equity Shares of Rs. 2 each of DLF Limited 2000 Equity Shares of Rs. 10 each of Dwarikesh Sugar Industries Limited 100 Equity Shares of Rs. 2 each of Educomp Solutions Limited 300 Equity Shares of Rs. 10 each of Essar Oil Limited 1825 Equity Shares of Rs. 5 each of Excel Crop Care Limited 100 Equity Shares of Rs. 1 each of Exide Industries Limited 500 Equity Shares of Rs. 10 each of Fulford India Ltd. 100 Equity Shares of Rs. 10 each of GAIL (India) Limited 200 Equity Shares of Rs. 1 each of GMR Infrastructure Limited 4300 Equity Shares of Rs. 1 each of Godrej Industries Limited 2197 Equity Shares of Rs. 10 each of Goodyear India Ltd. 338 Equity Shares of Rs. 10 each of Grasim Industries Limited 492 Equity Shares of Rs. 5 each of Grindwell Norton Limited 500 Equity Shares of Rs. 2 each of Gujarat Mineral Development Corporation Limited 1500 Equity Shares of Rs. 1 each of GVK Power & Infrastructure Limited 8000 Equity Shares of Rs. 1 each of HBL Power Systems Limited 100 Equity Shares of Rs. 10 each of Helios And Matheson Information Technology Limited 5200 Equity Shares of Rs. 1 each of Hindalco Industries Limited 1501 Equity Shares of Rs. 1 each of Hindustan Construction Company Limited 8150 Equity Shares of Rs. 1 each of Hindustan Unilever Limited 1100 Equity Shares of Rs. 10 each of Housing Development and Infrastructure Limited 700 Equity Shares of Rs. 10 each of Housing Development Finance Corporation Limited 9000 Equity Shares of Rs. 10 each of ICICI Bank Limited 400 Equity Shares of Rs. 10 each of ICICI Bank Limited 3900 Equity Shares of Rs. 10 each of IDBI Bank Limited 10000 Equity Shares of Rs. 10 each of IFCI Limited 1000 Equity Shares of Rs. 2 each of India Infoline Limited 100 Equity Shares of Rs. 2 each of Indiabulls Real Estate Limited 4000 Equity Shares of Rs. 10 each of Indowind Energy Limited 1000 Equity Shares of Rs. 10 each of Indraprastha Gas Limited 1 Equity Shares of Rs. 5 each of Infosys Technologies Limited 3000 Equity Shares of Rs. 10 each of Ispat Industries Limited 600 Equity Shares of Rs. 1 each of ITC Limited 2000 Equity Shares of Rs. 10 each of Jaiprakash Power Ventures Limited 1200 Equity Shares of Rs. 10 each of Jayshree Tea & Industries Limited 701 Equity .Shares of Rs. 10 each of Jet Airways (India) Limited
(Rs. In thousands) 33 295 84 112 228 318 50 258 10 290 38 28 717 423 772 56 56 61 284 6 594 156 2,190 270 1,837 4,231 297 435 520 132 29 189 187 2 68 138 169 364 299
17073 Equity Shares of in-microseccap1 Infosystems Limited 2,516 ISIEmergingMarketsPDF Rs. 2 each of HCL from 125.99.75.25 on 2011-08-09 12:43:10 EDT. DownloadPDF.
THE InkNBUSTAN TlMES LIMITED o ANNUAL DEPORT 2l
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Purchased 6859 Equity Shares of Rs. 10 each of Jindal South West Holdings Limited 200 Equity Shares of Rs. 10 each of Kalindee Rail Nirman (Engineers) Limited 2000 Equity Shares of Rs. 1 each of KCP Sugar and Industries Corporation Limited 550 Equity Shares of Rs. 10 each of Kingfisher Airlines Limited 8000 Equity Shares of Rs. 10 each of Kotak Mahindra Bank Limited 50 Equity Shares of Rs. 2 each of Larsen & Toubro Limited 980 Equity Shares of Rs. 10 each of LIC Housing Finance Limited 150 Equity Shares of Rs. 5 each of Mahindra & Mahindra Limited 200 Equity Shares of Rs. 10 each of Mangalore Refinery and Petrochemicals Limited 2050 Equity Shares of Rs. 5 each of Maruti Suzuki India Limited 1000 Equity Shares of Rs. 10 each of Maytas Infra Limited 7920 Equity Shares of Rs. 5 each of Mcleod Russel India Limited 100 Equity Shares of Rs. 10 each of MphasiS Limited 25 Equity Shares of Rs. 10 each of Mundra Port and Special Economic Zone Limited 600 Equity Shares of Rs. 2 each of Nagarjuna Construction Company Limited 7100 Equity Shares of Rs. 10 each of Nagarjuna Fertilizer & Chemicals Limited 300 Equity Shares of Rs. 10 each of Neyveli Lignite Corporation Limited 400 Equity Shares of Rs. 10 each of NHPC Limited 1520 Equity Shares of Rs. 10 each of NTPC Limited 300 Equity Shares of Rs. 10 each of Oil & Natural Gas Corpn Limited ISIEmergingMarketsPDF in-microseccap1 from 125.99.75.25 on 2011-08-09 12:43:10 EDT. DownloadPDF. 2000 Equity Shares of Rs. 10 each of Omaxe Limited 4500 Equity Shares of Rs. 10 each of Orbit Corporation Limited 500 Equity Shares of Rs. 10 each of Orchid Chemicals & Pharmaceuticals Limited 600 Equity Shares of Rs. 10 each of Parsvnath Developers Limited 2000 Equity Shares of Rs. 10 each of Pipavav Shipyard Limited 500 Equity Shares of Rs. 5 each of Polaris Software Lab Limited 2030 Equity Shares of Rs. 10 each of Polyplex Corporation Limited 1 Equity Shares of Rs. 10 each of Power Finance Corporation Limited 1800 Equity Shares of Rs. 2 each of Praj Industries Limited 500 Equity Shares of Rs. 2 each of Punj Lloyd Limited 491972 Equity Shares of Rs. 10 each of PVP Venture Limited 430 Equity Shares of Rs. 10 each of Reliance Capital Limited 1000 Equity Shares of Rs. 5 each of Reliance Communications Limited 1092 Equity Shares of Rs. 10 each of Reliance Industries Limited 600 Equity Shares of Rs. 10 each of Reliance Infrastructure Limited 10201 Equity Shares of Rs. 5 each of Reliance Natural Resources Limited 502 Equity Shares of Rs. 10 each of Reliance Power Limited 1400 Equity Shares of Rs. 10 each of Resurgere Mines & Minerals India Limited 1000 Equity Shares of Rs. 10 each of Rolta India Limited 134 Equity Shares of Rs. 10 each of Rural Electrification Corporation Limited ( Rs - ln thousands) 11,844 45 57 36 6,482 74 814 122 19 2,940 65 1,441 63 13 87 237 37 15 351 296 216 . 8 1 2 57 82 106 72 400 0 193 129 14,392 404 334 1,727 699 898 100 167 169 29
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Purchased 1000 Equity Shares of Rs. 2 each of Satyam Computer Services Limited 5236 Equity Shares of Rs. 1 each of Sesa Goa Limited 200 Equity Shares of Rs. 1 each of Shree Renuka Sugars Limited 550 Equity Shares of Rs. 2 each of Siemens Limited 475 Equity Shares of Rs. 10 each of State Bank of India 500 Equity Shares of Rs. 10 each of Steel Authority of India Limited 600 Equity Shares of Rs. 1 each of Sterlite Industries ( India ) Limited 300 Equity Shares of Rs. 5 each of Sun TV Network Limited 2600 Equity Shares of Rs. 2 each of Suzlon Energy Limited 200 Equity Shares of Rs. 2 each of Taj GVK Hotels & Resorts Limited 500 Equity Shares of Rs. 1 each of Tanla Solutions Limited 200 Equity Shares of Rs. 1 each of Tata Consultancy Services Limited 1000 Equity Shares of Rs. 10 each of Tata Investment Corporation Limited 1725 Equity Shares of Rs. 10 each of Tata Power Company Limited 2120 Equity Shares of Rs. 10 each of Tata Steel Limited 800 Equity Shares of Rs. 10 each of The Andhra Sugars Limited 2000 Equity Shares of Rs. 10 each of The Bank of Rajasthan Limited 3345 Equity Shares of Rs. 10 each of The Dhampur Sugar Mills Limited 3798 Equity Shares of Rs. 1 each of The Indian Hotels Company Limited
(Rs. In thousands)
78 1,217 43 303 1,033 84

520
89
274
26 35
135 506
2,306
1,023 108 192 311

260
300 Equity Shares of Rs. 10 each of The from 125.99.75.25 on 2011-08-09 12:43:10 EDT. DownloadPDF. ISIEmergingMarketsPDF in-microseccap1 Sandesh Limited 300 Equity Shares of Rs. 10 each of The South Indian [Bank Limited 100 Equity Shares of Rs. 10 each of TRF Limited 35400 Equity Shares of Rs. 2 each of Unitech Limited 5400 Equity Shares of Rs. 10 each of United Breweries (Holdings) Limited 2200 Equity Shares of Rs. 10 each of Videocon Industries Limited 2000 Equity Shares of Rs. 10 each of Vijaya Bank 2000 Equity Shares of Rs. 1 each of Vikas WSP Ltd 1000 Equity Shares of Rs. 1 each of Voltas Limited 841 Equity Shares of Rs. 10 each of VST Industries Limited 600 Equity Shares of Rs. 10 each of Yes Bank Limited 1 Equity Shares of Rs. 10 each of Bombay Dyeing & Mfg Company Limited 440 Equity Shares of Rs. 10 each of Calcom Vision Limited 320 Equity Shares of Rs. 2 each of Sintex Industries Limited 1000000 Units of Rs. 10 each of Bharti Axa Fixed Maturity Plan Series C Plan 1 - Growth 1000000 Units of Rs. 10 each of DWS Fixed Term Fund Series 67 - Growth Plan 1000000 Units of Rs. 10 each of HDFC FMP 18M October 2009 - Growth - Series XI 2000000 Units of Rs. 10 each of HDFC FMP 14M March 2010 - Growth - Series XII 1000000 Units of Rs. 10 each of ICICI Prudential FMP Series 51-13 Months Plan C Cumulative 500000 Units of Rs. 10 each of S494 Sundaram BMP Paribas FTP 367 days series P - Growth 2000000 Units of Rs. 10 each of SBNPP FTP 14 Months Series AA - Growth
58
41 47 3,054 1,197
562
103 68 139 361 112 0 1 34 10,000 10,000 10,000 20,000 10,000 5,000 20,000
THE HINDUSTAN TIMES LIMITED o ANNUAL REPORT 2010 119
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TOE IHWDUSTON TOMES LDUDTH

Purchased 250000 Units of Rs. 10 each of TATA Fixed Maturity Plan Series 25 Scheme B - High Investment Plan - Growth 1000000 Units of Rs. 10 each of Taurus Fixed Maturity Plan 3654 Days Series 1 - Institutional Growth 500000 Units of Rs. 10 each of UTI - Fixed Maturity Plan - Yearly Series (YFMP 09 / 09) - Growth Plan 175'35548.333 Units of Rs. 10 each of LICMF Savings Plus Fund - Daily Dividend Plan 3034697.346 Units of Rs. 10 each of JM Money Manager Fund Super Plus Plan - Daily Dividend (171) 800114,437 Units of Rs. 10 each of TATA Floater Fund - Weekly Dividend 455256.444 Units of Rs. 10 each of Reliance Medium Term Fund - Daily Dividend Plan 1421542.864 Units of Rs. 10 each of Birla Sun Life Savings Fund - Institutional Weekly Dividend - Reinvestment 2474575.235 Units of Rs. 10 each of Birla Sun Life Savings Fund - Retail Weekly Dividend - Reinvestment 4640506.763 Units of Rs. 10 each of HDFC Cash Management Fund - Treasury Advantage Plan - Retail - Daily Dividend - Option - Reinvest 20385.772 Units of Rs. 1000 each of Reliance Money Manager Fund-Institutional Option - Daily Dividend Plan 4050819.454 Units of Rs. 10 each of Baroda Pioneer Treasury Advantage Fund Institutional Daily Dividend Plan Sold
(Rs. In thousands) 2,500 10,000 5,000 175,355 30,363 8,069 7,783 14,239 24,773 46,551 20,409 40,545
Fully paid up equity shares/units
107'60 Equity Shares of Rs. 2 each of Aban Offshore Limited 1200 Equity Shares of Rs. 1 each of Adani Enterprises Limited 1100 Equity Shares of Rs. 10 each of Allahabad Bank 500 Equity Shares of Rs. 10 each of Ansal Housing and Construction Limited 6000 Equity Shares of Rs. 5 each of Ansal Properties & Infrastructure Limited 250 Equity Shares of Rs. 2 each of Areva T&D India Limited 3000 Equity Shares of Rs. 1 each of Assam Company India Limited 1000 Equity Shares of Rs. 2 each of Astra Microwave Products Limited 19860 Equity Shares of Rs. 1 each of Bajaj Hindusthan Limited 12439 Equity Shares of Rs. 1 each of Balrampur Chini Mills Limited 100 Equity Shares of Rs. 5 each of Bharti Airtel Limited 5000 Equity Shares of Rs. 10 each of BPL Limited 1953 Equity Shares of Rs. 10 each of Cairn India Limited 500 Equity Shares of Rs. 10 each of Chennai Petroleum Corporation Limited 250 Equity Shares of Rs. 10 each of Crisil Limited 2000 Equity Shares of Rs. 10 each of Dewan Housing Finance Corporation Limited 2500 Equity Shares of Rs. 1 each of Dish TV India Limited 250 Equity Shares of Rs. 2 each of DLF Limited 2000 Equity Shares of Rs. 10 each of Dwarikesh Sugar Industries Limited 100 Equity Shares of Rs. 2 each of Educomp Solutions Limited
13,038 541 134 29 472 87 64 89 4,089 1,555 33 224 535 110 735 297 101 114 216 317
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3HTED)
Sold 300 Equity Shares of Rs. 10 each of Essar Oil Limited 100 Equity Shares of Rs. 1 each of Exide Industries Limited 47868 Equity Shares of Rs. 10 each of Federal Bank Limited 180 Equity Shares of Rs. 10 each of Fulford India Ltd. 100 Equity Shares of Rs. 10 each of GAIL (India) Limited 200 Equity Shares of Rs. 1 each of GMR Infrastructure Limited 4300 Equity Shares of Rs. 1 each of Godrej Industries Limited 1500 Equity Shares of Rs. 10 each of Goodyear India Ltd. 338 Equity Shares of Rs. 10 each of Grasim Industries Limited 500 Equity Shares of Rs. 2 each of Gujarat Mineral Development Corporation Limited 1500 Equity Shares of Rs. 1 each of GVK Power & Infrastructure Limited 17073 Equity Shares of Rs. 2 each of HCL Infosystems Limited 100 Equity Shares of Rs. 10 each of Helios And Matheson Information Technology Limited 5200 Equity Shares of Rs. 1 each of Hindalco Industries Limited 1501 Equity Shares of Rs. 1 each of Hindustan Construction Company Limited 8150 Equity Shares of Rs. 1 each of Hindustan Unilever Limited 1100 Equity Shares of Rs. 10 each of Housing Development and Infrastructure Limited 39951 Equity Shares of Rs. 10 each of ICICI Bank Limited 400 Equity Shares of Rs. 10 each of ICICI Bank Limited
(Rs. In thousands) 49 12 10,169 139 38 28 728 404 773 56 62 2,302 6 591 156 2,189 270 29,079 302 428 519 130 24 187 2 67 139 167 360 266 11,429 45 57 35 6,296 74 814 122 19 2,930
3900 Equity Shares of Rs. 10 each of IDBI Bank Limited 10000 Equity Shares of Rs. 10 each of IFCI Limited
1000 Equity Shares of Rs. 2 each of India Infoline Limited 100 Equity Shares of Rs. 2 each of Indiabulls Real Estate Limited 4000 Equity Shares of Rs. 10 each of Indowind Energy Limited 1 Equity Shares of Rs. 5 each of Infosys Technologies Limited 3000 Equity Shares of Rs. 10 each of Ispat Industries Limited 600 Equity Shares of Rs. 1 each of ITC Limited 2000 Equity Shares of Rs. 10 each of Jaiprakash Power Ventures Limited 1200 Equity Shares of Rs. 10 each of Jayshree Tea & Industries Limited 701 Equity Shares of Rs. 10 each of Jet Airways (India) Limited 6859 Equity Shares of Rs. 10 each of Jindal South West Holdings Limited 200 Equity Shares of Rs. 10 each of Kalindee Rail Nirman (Engineers) Limited 2000 Equity Shares of Rs. 1 each of KCP Sugar and Industries Corporation Limited 550 Equity Shares of Rs. 10 each of Kingfisher Airlines Limited 8000 Equity Shares of Rs. 10 each of Kotak Mahindra Bank Limited 50 Equity Shares of Rs. 2 each of Larsen & Toubro Limited 980 Equity Shares of Rs. 10 each of LIC Housing Finance Limited 150 Equity Shares of Rs. 5 each of Mahindra & Mahindra Limited 200 Equity Shares of Rs. 10 each of Mangalore Refinery and Petrochemicals Limited 2050 Equity Shares of Rs. 5 each of Maruti Suzuki India Limited
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Sold 1000 Equity Shares of Rs. 10 each of Maytas Infra Limited 7920 Equity Shares of Rs. 5 each of Mcleod Russel India Limited 100 Equity Shares of Rs. 10 each of MphasiS Limited 25 Equity Shares of Rs. 10 each of Mundra Port and Special Economic Zone Limited 600 Equity Shares of Rs. 2 each of Nagarjuna Construction Company Limited 7100 Equity Shares of Rs. 10 each of Nagarjuna Fertilizer & Chemicals Limited 300 Equity Shares of Rs. 10 each of Neyveli Lignite Corporation Limited 400 Equity Shares of Rs. 10 each of NHPC Limited 1520 Equity Shares of Rs. 10 each of NTPC Limited 300 Equity Shares of Rs. 10 each of Oil & Natural Gas Corpn Limited 2000 Equity Shares of Rs. 10 each of Omaxe Limited 4500 Equity Shares of Rs. 10 each of Orbit Corporation Limited 500 Equity Shares of Rs. 10 each of Orchid Chemicals & Pharmaceuticals Limited 600 Equity Shares of Rs. 10 each of Parsvnath Developers Limited 5000 Equity Shares of Rs. 2 each of Patni Computers Limited 2000 Equity Shares of Rs. 10 each of Pipavav Shipyard Limited 500 Equity Shares of Rs. 5 each of Polaris Software Lab Limited
(Rs. In thousands) 63 1,439 64 13 88 234 37 14 348 297 217 818 58 83 1,098 108 72 0 193 130 9,366 406 335 1,733 697 910 100 166 29 79 1,211 44 302 1,031 84
ISIEmergingMarketsPDF in-microseccap1 from 125.99.75.25 on 2011-08-09 12:43:10 EDT. DownloadPDF. 1 Equity Shares of Rs. 10 each of Power Finance Corporation Limited
1800 Equity Shares of Rs. 2 each of Praj Industries Limited 500 Equity Shares of Rs. 2 each of Punj Lloyd Limited 491972 Ezquity Shares of Rs. 10 each of PVP Venture Limited 430 Equity Shares of Rs. 10 each of Reliance Capital Limited 1000 Equity Shares of Rs. 5 each of Reliance Communications Limited 1094 Equity Shares of Rs. 10 each of Reliance Industries Limited 600 Equity Shares of Rs. 10 each of Reliance Infrastructure Limited 10201 Equity Shares of Rs. 5 each of Reliance Natural Resources Limited 500 Equity Shares of Rs. 10 each of Reliance Power Limited 1400 Equity Shares of Rs. 10 each of Resurgere Mines & Minerals India Limited 134 Equity Shares of Rs. 10 each of Rural Electrification Corporation Limited 1000 Equity Shares of Rs. 2 each of Satyam Computer Services Limited 5236 Equity Shares of Rs. 1 each of Sesa Goa Limited 200 Equity Shares of Rs. 1 each of Shree Renuka Sugars Limited 550 Equity Shares of Rs. 2 each of Siemens Limited 475 Equity Shares of Rs. 10 each of State Bank of India 500 Equity Shares of Rs. 10 each of Steel Authority of India Limited
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Sold
600 Equity Shares of Rs. 1 each of Sterlite Industries ( India ) Limited 300 Equity Shares of Rs. 5 each of Sun TV Network Limited 2600 Equity Shares of Rs. 2 each of Suzlon Energy Limited 200 Equity Shares of Rs. 2 each of Taj GVK Hotels & Resorts Limited 500 Equity Shares of Rs. 1 each of Tanla Solutions Limited 200 Equity Shares of Rs. 1 each of Tata Consultancy Services Limited 1725 Equity Shares of Rs. 10 each of Tata Power Company Limited 2120 Equity Shares of Rs. 10 each of Tata Steel Limited 800 Equity Shares of Rs. 10 each of The Andhra Sugars Limited 2000 Equity Shares of Rs. 10 each of The Bank of Rajasthan Limited 3345 Equity Shares of Rs. 10 each of The Dhampur Sugar Mills Limited 3798 Equity Shares of Rs. 1 each of The Indian Hotels Company Limited 300 Equity Shares of Rs. 10 each of The Sandesh Limited 300 Equity Shares of Rs. 10 each of The South Indian Bank Limited 35400 Equity Shares of Rs. 2 each of Unitech Limited 5400 Equity Shares of Rs. 10 each of United Breweries (Holdings) Limited 2200 Equity Shares of Rs. 10 each of Videocon Industries Limited
(Rs. In thousands) 519 88 273 26 34 135 2,309 1,020 109 193 312 264 57 41 3,039 1,200 560 100 136 112 0 1 49 97,000 30,363 8,067 17,804 14,229 24,762 46,551 20,409 40,545
2000 Equity Shares of Rs. 10 each of Vijaya Bank
1000 Equity Shares of Rs. 1 each of Voltas Limited 600 Equity Shares of Rs. 10 each of Yes Bank Limited 1 Equity Shares of Rs. 10 each of Bombay Dyeing & Mfg Company Limited 440 Equity Shares of Rs. 10 each of Calcom Vision Limited 320 Equity Shares of Rs. 2 each of Sintex Industries Limited 9700000 Units of Rs. 10 each of LICMF Savings Plus Fund - Daily Dividend Plan 3034697.346 Units of Rs. 10 each of JM Money Manager Fund Super Plus Plan - Daily Dividend (171) 800114.437 Units of Rs. 10 each of TATA Floater Fund - Weekly Dividend 1041434.178 Units of Rs. 10 each of Reliance Medium Term Fund - Daily Dividend Plan 1421542.864 Units of Rs. 10 each of Birla Sun Life Savings Fund - Institutional Weekly Dividend - Reinvestment 2474575.235 Units of Rs. 10 each of Birla Sun Life Savings Fund - Retail Weekly Dividend - Reinvestment 4640506.763 Units of Rs. 10 each of HDFC Cash Management Fund - Treasury Advantage Plan - Retail - Daily Dividend - Option - Reinvest 20385.772 Units of Rs. 1000 each of Reliance Money Manager Fund-Institutional Option - Daily Dividend Plan 4050819.454 Units of Rs. 10 each of Baroda Pioneer Treasury Advantage Fund Institutional Daily Dividend Plan
23
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ITD
LDUDTIS
(Rs. in '000)
Schedule 6 : Deferred Tax Liabilities/Assets (net) Deferred Tax Assets Differences in depreciation in block of fixed assets as per tax books and financial books Carry forward of unabsorbed depreciation Effect of expenditure debited to profit and loss account in the current year but allowable for tax purposes in following years Provision for doubtful debts and advances Deferred Tax Assets Less: Allowance of Deferred Tax Assets (Not recognized) Net Deferred Tax (Liability)/Asset *Refer Note No. 3 of Schedule 19 Schedule 7 : Sundry Debtors Debts outstanding for a period exceeding six months Secured, considered good Unsecured, considered good
1,422
758
18,194
-
18,949 57,813 67,504

1,718
79,245
5,481
102,920
145,984 63,484
102,920
82,500
1,415 1,614
Unsecured, considered doubtful 3,315 ISIEmergingMarketsPDF in-microseccap1 from 125.99.75.25 on 2011-08-09 12:43:10 EDT. DownloadPDF. Other debts Secured, considered good Unsecured, considered good Unsecured, considered doubtful Less : Provision for doubtful debts 31,874
-
3,724 2,646
1,701
11,858
36,611
3,315
3,315
8,543
33,296 Included in Sundry Debtors are: (i) Due from Companies under the same management within the meaning of Section 370 (1B) of the Companies Act,1956 HT Media Limited HT Music & Entertainment Company Limited (ii) Maximum amount outstanding during the year HT Media Limited HT Music & Entertainment Company Limited
8,441
3,809
3,491
19,570 3,491
36,934
4,938
THE HINDUSTAN TIMES LIMITED o ANNUAL REPORT
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(Rs. in '000) As at March 31, 2009
Schedule 8 : Cash and Bank Balances Cash on hand Balances with scheduled banks: On current accounts On deposit accounts (including Rs.146,48 thousands (previous year Rs. 1,846 thousands) lying with bank as margin money & with government departments) Unpaid dividend account 3,020 14,648
100
11
23,498 1,847
304
306
18,072 Schedule 9 : Other Current Assets Interest accrued on deposits and loans (including Rs. 71 thousands, Previous year Rs.71 thousands considered doubtful) Dividend on investment in a subsidiary Interest accrued on Income tax refund Less : Provision for doubtful receivables 58,232 4,376 82,580
71
ISIEmergingMarketsPDF in-microseccap1 from 125.99.75.25 on 2011-08-09 12:43:10 82,509 EDT. DownloadPDF.
25,662
19,972
15,920
48,526
-
64,446
71
64,375
198
Asset held for resale
82,509 Included in Other Current Assets are: (i) Due from Companies under the same management within the meaning of Section 370 (1B) of the Companies Act, 1956 (a) Shradhanjali Investments & Trading Company Limited (b) HTL Investment & Trading Company Limited (ii) Maximum amount outstanding during the year (a) Shradhanjali Investments & Trading Company Limited (b) HTL Investment & Trading Company Limited
64,573
4,500 6,750 5,000 7,500
5,000 7,500 5,000 7,500
THE [HINDUSTAN TIMES LIMITED o ANNUAL [REPORT 2i
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Tl
LliilT!
(Rs. in '000)
Schedule 10 : Loans and Advances Unsecured, considered good Advances recoverable in cash or kind or for value to be received Deposits - others Loam to HT Group Companies - Employee Stock Option Trust (Refer Note no. 17 of Schedule 19) Advances and loans to subsidiaries Inter Corporate Deposits Cenvat / Service tax recoverable Advance towards purchase of property (to be Considered as investment in properties) Advance payment of income tax/ tax deducted at source (Net of Provision for Taxation of Rs.96,480 thousands, previous year Rs. 45,480 thousands ) Unsecured, considered doubtful Advances recoverable in cash or kind or for value to be received Inter-corporate deposits Less: Provision for doubtful advances and deposits 10,471
1,667
38,554
5,112
17,536 4,200
10,055 196,935 145,399

1,042
10,045 224,710 62,500

1,733
12,410 47,882
59,286
10,471
1,667
468,521
393,154 12,138 381,016
12,738 455,783
Included in Loans and Advances are: (i) Due from a Director of the Company [Maximum amount outstanding during the year Rs.741 thousands (Previous year Rs. 924 thousands)] Due from companies under the same management within the meaning of Section 370 (1B) of the Companies Act, 1956: (a) HT Films Limited (b) Shradhanjali Investments & Trading Company Limited (c) HTL Investment & Trading Company Limited Maximum amount outstanding during the year (a) HT Films Limited (b) Shradhanjali Investments & Trading Company Limited (c) HTL Investment & Trading Company Limited (d.) Go4i.com India Private Limited (e)White Tide Amusement Limited (f)HT Education Limited (Formerly Live Newscast Limited)
548
741
(ii)
200
200
131,575 92,735
118,775 77,360
200
200
434,775 361,885
131,575 92,735
45
127
18
JH$ HINDUSTAN TIMES LIMITED . ANNUAL REPORT 2010
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LS11TED
(Rs. in '000)
Schedule 11 : Current Liabilities Sundry creditors (a) total outstanding dues to Micro and Small Enterprises (Refer note no. 17 of Schedule 19) (b) total outstanding dues of creditors other than Micro and Small Enterprises Investor Education and Protection Fund shall be credited by following amounts viz : Unpaid dividend Book overdraft from a Bank Advance from customers (Income received in Advance) Sundry deposits Other Liabilities
301 306
231,609
379,785
27,113 24,798 453,712 4,047 741,580
61,256 314,491
1,080
756,918
Schedule 12: Provisions Proposed dividend Fringe Benefit Tax Provision for Wealth Tax Gratuity Voluntary Retirement Compensation Opening Balance Additions during the year Paid during the year Closing Balance Provision for Compensation to a Shareholder of erstwhile Joint Venture Company (ceased w.e.f. March 29, 2004) - Opening and Closing Balance
184 184
5,316
797 160
5,316
220 584 520 166
670 Compensated Absences ISIEmergingMarketsPDF in-microseccap1 from 125.99.75.25 on 2011-08-09 12:43:10 EDT. DownloadPDF.
184 112,656
184
112,656
119,783
119,646
THE HINDUSTAN TIMES LIMITED o ANNUAL REPORT 2(0110
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UMTED
(Rs. in '000)
For the year ended March 31, 2010 Schedule 13 : Turnover Rent from Properties Service and Maintenance Charges Dividend income (From long term investments - other than trade) Investments in Subsidiaries Other investments Dividend income (From Current Investments) (Trade Investments) (Net) Interest (Gross of TDS) on: Bank deposits (TDS Rs.55 thousands, Previous year Rs. 130 thousands) Inter Corporate Deposits (TDS Rs 1180 thousands, Previous year Rs. 884 thousands ) Inter Corporate Deposits to Subsidiaries (TDS Rs. 1250, Previous year Rs. Nil ) Income Tax Refund Others (TDS Rs Nil, Previous year Rs. Nil) 519 11,797 12,500 5,177 2,273 58,232 81,188 8,277 293,483 206,229
For the year ended March 31, 2009
283,166 141,158 112,920 79,581 5,539 529 4,266 12,500 3,187 142 642,988
679,675
Schedule 14 : Other Income Miscellaneous receipts (including amounts written back of Provision for diminution in the value of current investments - trade Written Back 15,171 75,575 90,746 Schedule 15 : Personnel Expenses Salaries, wages and bonus Contribution to provident fund Contribution to gratuity fund (Refer note no 13 of Schedule 19) Workmen and staff welfare expenses 13,112
632 160 348
6,983
ISIEmergingMarketsPDF previous year Rs. 1,119 125.99.75.25 on 2011-08-09 12:43:10 EDT. DownloadPDF. Rs. 901 thousands, in-microseccap1 from thousands)
6,983
12,212
658 166 785
14,252
13,821
28
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LDH0TI
(Rs. in '000)
Schedule 16 : Operating and Other Expenses Electricity and Water Charges Advertising and sales promotion Rent Rates and taxes (net of recovery Rs.37,695 thousands, Previous year Rs. 43,473 thousands) Insurance Repairs and maintenance: - Plant and Machinery - Buildings Travelling and conveyance Communication costs Legal and professional fees Auditor's remuneration - Audit fee - Tax audit fee - Certification etc. Irrecoverable balances written off Loss on sale of investments (Trade Investments) (Net) * Donations Provision for diminution in the value of current investments - trade Loss on disposal of fixed assets (net) Service Charges Housekeeping and Security Miscellaneous expenses
364 392
9,024
67
744
21,411
5
372
37,907
1,142
39,647
465
4,989 17,113 14,165

665
3,708
1,032
10,499
589
26,865
27,245
40 18
422 240
44 15
451
ISIEmergingMarketsPDF in-microseccap1 DownloadPDF. Provision for doubtful debts and advances from 125.99.75.25 on 2011-08-09 12:43:10 EDT. 600
1,772
1,877
38,014
57,676
6,821
6,071
67,854 4,902
35 95
5,571
15,787
20,241
8,019
5,612
252,884
206,830
* Net of profit on short term investments of Rs. 2,240 thousands and includes loss on derivative/share transactions of Rs. 59,916 thousands (Previous year net of profit on long term investments of Rs. 27,649 thousands and includes loss on derivative transactions of Rs. 50,904 thousands)
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Schedules to the Accounts For the year ended March 31, 2010 Schedule 17 : Financial Expenses Interest - on term loans and debentures - to Banks - others Bank charges
16
554 518 579
(Rs. in '000) For the year ended March 31, 2009
7,171 2,112
389
1,088
Schedule 18 : Earnings per share (EPS) Net profit for the year Opening and Closing number of equity shares Weighted average number of equity shares Basic & diluted earnings per share 489,049 5,316,160 5,316,160
10,251
326,957 5,316,160 5,316,160
91.99
61.50
THE (HINDUSTAN TIMES LIMITED ANNUAL REPORT 2010
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Schedules to the Accounts Schedule 19: Notes to Accounts 1. Nature of Operations The Hindustan Times Limited is engaged in real estate and investment activities. The Company derives revenue from rent and service charges from properties and dividend, interest income from investments made and revenue from trading of shares, derivatives and units of mutual funds. 2. Statement of Significant Accounting Policies (a) Basis of preparation The financial statements have been prepared to comply in all material respects with the notified accounting standards by Companies Accounting Standards Rules, 2006 and the relevant provisions of the Companies Act, 1956. The financial statements have been prepared under the historical cost convention on an accrual basis. The accounting policies have been consistently applied by the Company and except for change in accounting policy described fully in (c ) below, are consistent with those used in the previous year. (b) Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements and the results of operations during the reporting period end. Although these estimates are based upon management's best knowledge of current events and actions, actual results could differ from these estimates. (c ) Change in Accounting Policy for Fixed Maturity Plans During the year, the Company has not recognized income on investments made in units of fixed maturity plans ('FMP') of mutual funds, as the management believes it is more prudent to do so, considering these units can no longer be ISIEmergingMarketsPDF in-microseccap1 from 125.99.75.25 on 2011-08-09 12:43:10 EDT. DownloadPDF. redeemed with the Funds prior to their maturity. This is a change in accounting policy from earlier years, when the income on the FMP was recognized based on yield earned and to the extent of reasonable certainty. The management has not calculated the impact of such change in accounting policy and believes it is a fair presentation of financial statements. (d) Fixed Assets Fixed Assets are stated at Cost (or revalued amounts, as the case may be), less accumulated depreciation and impairment losses, if any. Cost comprises the purchase price and any directly attributable cost of bringing the asset to its working condition for its intended use. Borrowing costs relating to acquisition of fixed assets which takes substantial period of time to get ready for its intended use are also included to the extent they relate to the period till such assets are ready to be put to use. (e) Depreciation Leasehold Land (except land acquired on perpetual lease basis) are amortized over the useful life or unexpired period of lease (whichever is lower) on a straight-line basis. Depreciation on all other assets is provided on Written Down Value Method at the rates computed based on estimated useful life of the assets, which are equal to the corresponding rates prescribed in Schedule XIV to the Companies Act, 1956. Assets costing below Rs. 5,000 are fully depreciated in the year of acquisition. (f) Impairment 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 impairment loss is recognized wherever the carrying amount of an asset exceeds its recoverable amount. The recoverable amount is the greater of the assets net selling price and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value at the weighted average cost of capital. After impairment, depreciation is provided on the revised carrying amount of asset over its remaining useful life.
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TDHES LIGHTED
(g) Intangibles Software Licenses Cost relating to software licenses which are purchased is capitalized and is amortized on a straight line basis over their estimated useful lives of six years. (h) investments Investments that are readily realizable and intended to be held for not more than a year are classified as current investments. All other investments are classified as long-term investments. Current investments are carried at lower of Cost and Fair value determined on an individual investment basis. Long-term investments are carried at cost, however, provision for diminution in value is made to recognize a decline other than temporary in the value of the investments. (i) 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. Rent and Service charges from properties Revenue is recognized based upon the terms of contract with the tenants for the period the property has been let out. Dividend Revenue is recognized when the shareholder's right to receive payment is established by the balance sheet date. Dividend from subsidiaries is recognized even if same are declared after the balance sheet date but pertains to period on or before the date of balance sheet as per the requirement of Schedule VI of the Companies Act, 1956. Interest Revenue is recognized on a time proportion basis taking into account the amount outstanding and the rate applicable. Interest and related income on investment made in the units of fixed maturity plans of mutual funds is recognized to the ISIEmergingMarketsPDF in-microseccap1and on 125.99.75.25 on 2011-08-09 12:43:10 EDT. DownloadPDF. extent of reasonable certainty from maturity. (j) Foreign currency transactions Initial Recognition Foreign currency transactions are recorded in Indian Rupees by applying to the foreign currency amount, the exchange rate between the Indian Rupee and the foreign currency prevailing at the date of the transaction. Conversion 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. Exchange Differences Exchange differences arising on the settlement of monetary items, or on reporting such monetary items at rates different from those at which they were initially recorded during the year, or reported in previous financial statements, are recognized as income or as expenses in the year in which they arise. (k) Retirement benefits i. Retirement benefits in the form of Provident Fund is defined contribution scheme and the contribution is charged to the Profit and Loss Account of the year when the contributions to the respective fund is due. There are no other obligations other than the contribution payable to the fund. Gratuity liability is a defined benefit obligation and is provided for on the basis of an actuarial valuation on projected unit credit method made at the end of each financial year and is contributed to Gratuity Fund created by the Company. Short term compensated absences are provided for on based on estimates. Long term compensated absences are provided for based on actuarial valuation. The actuarial valuation is done as per projected unit credit method. Actuarial gains/losses are immediately taken to profit and loss account and are not deferred, Termination expenses are immediately taken to profit and loss account and are not deferred.
ii. iii. iv. v.
321 THE IH!INDUSTAN TIMES LIMITED o ANNUAL REPORT 2010
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linn
(I) Provisions A provision is recognized when the Company has a present obligation as a result of 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 their present value and are determined based on best estimate required to settle the obligation at the each Balance Sheet date. These are reviewed at each Balance Sheet date and are adjusted to reflect the current best estimates. Provision for expenditure relating to voluntary retirement is made when the employee accepts the offer of early retirement and such provision amount is charged to Profit and Loss Account in the year of provision. (m) Income Tax Tax expense comprises of current, deferred and fringe benefit tax. Current income tax and fringe benefit tax is measured at the amount expected to be paid to the tax authorities in accordance with the Income Tax Act, 1961 enacted in India. Deferred income taxes reflects the impact of current year timing differences between taxable income and accounting income for the year and reversal of timing differences of earlier years. Deferred tax is measured based on the tax rates and the tax laws enacted or substantively enacted at the balance sheet date. Deferred tax assets and deferred tax liabilities are offset, if a legally enforceable right exists to set off current tax assets against current tax liabilities and the deferred tax assets arid deferred tax liabilities relate to the taxes on income levied by same governing taxation laws. Deferred tax assets are recognised only 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. In situations where the company has unabsorbed depreciation or carry forward tax losses, all deferred tax assets are recognised only if there is virtual certainty supported by convincing evidence that they can be realised against future taxable profits. At each balance sheet date the Company re-assesses unrecognised deferred tax assets. It recognises unrecognised deferred tax assets to the extent that it has become reasonably certain or virtually certain, as the case may be that sufficient future taxable income will be available against which such deferred tax assets can be realised. The carrying amount of deferred tax assets are reviewed at each balance sheet date. The Company writes-down the carrying amount of a deferred tax asset to the extent that it is no longer reasonably certain or virtually certain, as the ISIEmergingMarketsPDF in-microseccap1 from 125.99.75.25 on 2011-08-09 12:43:10 EDT. DownloadPDF. be realised. case may be, that sufficient future taxable income will be available against which deferred tax asset can Any such write-down is reversed to the extent that it becomes reasonably certain or virtually certain, as the case may be, that sufficient future taxable income will be available. MAT credit is recognised as an asset only when and to the extent there is convincing evidence that the company will pay normal income tax during the specified period. In the year in which the Minimum Alternative tax (MAT) credit becomes eligible to be recognized as an asset in accordance with the recommendations contained in guidance Note issued by the Institute of Chartered Accountants of India, the said asset is created by way of a credit to the profit and loss account and shown as MAT Credit Entitlement. The Company reviews the same at each balance sheet date and writes down the carrying amount of MAT Credit Entitlement to the extent there is no longer convincing evidence to the effect that Company will pay normal Income Tax during the specified period. (n) Earnings Per Share Basic earnings per share are calculated by dividing the net profit or loss for the year attributable to equity shareholders by the weighted average number of equity shares outstanding during the year. For the purpose of calculating diluted earnings per share, the net profit or loss for the year attributable to equity shareholders and the weighted average number of shares outstanding during the year are adjusted for the effects of all dilutive potential equity shares. (o) Segment Information Identification of segments: The Company's operating businesses are organized and managed separately according to the nature of income, with each segment representing a strategic business unit that offers different products and serves different markets. The Company renders its rental services within India with nil export income and does not have any operations in economic environments with different risks and returns, hence, it is considered operating in a single geographical segment.
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Allocation of common costs: Common allocable costs are allocated to each segment according to the relative contribution of each segment to the total common costs. Unallocated items: The Corporate and Other segment include general corporate income and expense items, which are not allocated to any business segment. (p) Leases Where the Company is the lessee Leases where the lessor effectively retains substantially all the risks and benefits of ownership of the leased item, are classified as operating leases. Operating lease payments are recognized as an expense in the Profit and Loss account on a straight-line basis over the lease term. Where the Company is the lessor Assets subject to operating leases are included in fixed assets. Lease income is recognised in the Profit and Loss Account on a straight-line basis over the lease term. Costs, including depreciation are recognised as an expense in the Profit and Loss Account. Initial direct costs such as legal costs, etc. are recognised immediately in the Profit and Loss Account. (q) Cash and Cash equivalents Cash and Cash equivalents in the cash flow statement comprise cash at bank and in hand and short term investments with an original maturity of three months or less. (r) Derivative Instruments
As per the ICAI Announcement, accounting for derivative contracts, other than those covered under AS-11, are marked to market on a portfolio basis, and the net loss after considering the offsetting effect on the underlying hedge item is charged to the income statement. Net gains are ignored.
3.
(a) The Company has accounted for deferred tax assets (net) amounting to Rs. 102,920 thousands till March 31, 2010. The Company has set off entire unabsorbed depreciation during the year and also earned cash profit of Rs. 548,251 thousands (Previous year Rs 373,015 thousands). In view of convincing evidence in respect of rental agreements and based on future profitability projections, the Company is confident that subsequent realization of the deferred tax assets created is reasonably certain in the near future. (b) The Company has MAT Credit entitlement of Rs. 97,030 thousand as at March 31, 2010 which has not been accounted for in these financial statements, as the management believes that there is not enough convincing evidence that the Company will pay normal income tax during the specified period in which MAT credit is allowable and thus, is of the view that it is more prudent not to recognize the MAT credit entitlement asset, till the time the Company actually utilize this MAT credit. Hence, no adjustment has been deemed necessary in the financial statements in this regard.
4.
The Company is disputing House Tax demands of Rs. 74,536 thousands though raised but has been kept in abeyance by New Delhi Municipal Corporation (NDMC) till the matter is decided by Honorable High Court of Delhi in another case NDMC for the building at 18-20, Kasturba Gandhi Marg, New Delhi, for the years from 1994-1995 to 2005-2006. The said demands have been fully provided for. Further, the Company has accrued differential house tax liability amounting to Rs. 102,938 thousands (previous year Rs. 62,205 thousands), being the amount payable to NDMC computed in accordance with the provisions of the NDMC Act, 1994 on the basis of 'rateable value' of the area let out.
5.
As the breakup value of shares held as long-term investments in a listed company as on March 31, 2010 is more than the cost price, the diminution in the value of said investment amounting to Rs. 2,381 thousands (Previous year, Rs. 2,381 thousands) based on the market value as at March 31, 2010, is considered to be temporary in nature. The investments are strategic in nature, accordingly no provision for the diminution has been made. THE [HINDUSTAN TIMES LIMITED o ANNUAL REPORT 2010
34
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6.
The Company has, on October 1, 2004, sold the printing undertaking at Delhi to HT Media Limited (a subsidiary company). The writ petition filed by the ex-workmen of the Company challenging the transfer of business was quashed by the Hon'ble Delhi High Court on May 9, 2006.Thereafter, the ex-workmen of the Company raised the industrial dispute before Delhi Government, who referred the dispute to Industrial Tribunal-l, Karkardooma Courts, New Delhi (Tribunal). During the course of the proceedings before Tribunal, the ex-workmen moved application for interim relief. The Tribunal vide its order dated March 8, 2007, granted interim relief to the ex-workmen of the Company to the extent of 50% of last drawn wages from the date of such order till the disposal of the matter. However, the Company challenged the said order before Hon'ble Delhi High Court in a Writ Petition, wherein the Hon'ble Court modified the order of the Tribunal to the extent that the amount equivalent to 50% so received by ex-workmen will be set off against their retrenchment compensation (not encashed by the above ex-workmen till date), in the event of Company succeeding in the writ petition. The Hon'ble Court further clarified that payment will be made only from date of the High Court order (i.e. March 23, 2007) till the disposal of writ petition and it further stayed the order and proceedings pending before the Tribunal. The said writ stands disposed of by Delhi High Court vide order dated January 16, 2009 by holding that it was agreed between the parties to make the payment to ex-workmen till the amount of their Retrenchment Compensation is exhausted. The stay on the proceedings before the Industrial Tribunal was also vacated by High Court and accordingly proceedings before the Industrial Tribunal has restarted. In the meanwhile the workmen in question in the said Writ Petition has filed contempt petition against the Company and its Directors and is pending before the court. Considering the merits of the case and discussions with solicitors, the Company believes that there is fair chance of decision in its favour and hence no provision is considered necessary against the same at this point of time.
7.
Interest in Joint Venture Company: The Company's interest in a joint venture company is as follows:
Name of the Joint Venture Company TVM Limited
Country of Incorporation Mauritius
Proportion of Ownership Interest

30%
For the period ended on March 31, 2010
Description of Interest
JV established for distribution and marketing of television software
The Company's share in the assets, liabilities, income and expenses of the jointly controlled entity as at and for the years ended March 31, 2010 and March 31, 2009 for TVM Limited are as follows: (Rs. In thousands) Proportion of Company's Interest in JVC Assets Cash & bank balances Liabilities Current liabilities & provisions Income Expenses Administrative and Other expenses 49
56
TVM Ltd.
2010* 6 24,265 -
2009#
10
28,075
# based upon the unaudited financial statements for the years ended March 31, 2010 and March 31, 2009. The Company has fully provided for the diminution in the value of investments of the above noted joint venture company.
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HMD Til
8. Names of related parties Subsidiaries
ISTB
Shradhanjali Investments & Trading Company Limited HTL Investment & Trading Company Limited HT Interactive Media Properties Limited Go4i.com (India) Private Limited Go4i.com (Mauritius) Limited HT Media Limited HT Music and Entertainment Company Limited Hindustan Media Ventures Limited Firefly e-Ventures Limited HT Digital Media Holdings Limited HT Films Limited White Tide Amusement Limited HT Education Limited (formerly Live Newscast Limited) HT Burda Media Limited HT Mobile Solutions Limited HT Learning Centers Limited (with effect from February 5, 2010)
Associate
Paxton Trexim Private Limited
Duke Commerce Limited ISIEmergingMarketsPDF in-microseccap1 from 125.99.75.25 on 2011-08-09 12:43:10 EDT. DownloadPDF. Joint Venture TVM Limited Key Management Personnel Smt. Shobhana Bhartia (Chairperson) and Mr. V.K. Charoria (Whole Time Director & Company Secretary)
Enterprises owned or significantly influenced Britex (India) Limited by key management personnel or their relatives Usha Flowell Limited Udit (India) Limited The Birla Cotton Spinning and Weaving Mills Limited The HT Limited Working Journalist Gratuity Fund The HT Limited Non Journalist Employees Gratuity Fund Goldmerry Investment & Trading Company Limited Earthstone Holding Pvt. Limited Earthstone Holding (One) Pvt. Limited Earthstone Holding (Two) Pvt. Limited Earthstone Holding (Three) Pvt. Limited Shine Foundation Priyavrat Traders Billigiri Rangan Coffee Estate Kumaon Orchards
36
THE HINDUSTAN TIMES LIMITED e ANNUAL REPORT 2010
Related Party Transactions
Subsidiary
Key Management personnel
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Rs.in '000
Joint Ventures Associates Enterprises owned or significantly influenced by key management personnel or their relatives March 2010 March 2009 Total
Transactions during the year Interest received on Inter-Corporate Loans - HTL Investment & Trading Co. Limited
March 2010
March 2009
March 2010
March 2009
March 2010
March 2009
March 2010
March 2009
March 2010
March 2009
7,500 7,500 - Shradhanjali Investments & Trading Co. Limited 5,000 5,000 - Mr V.K.Choraria 35 46 Dividend Received On Equity Shares - HT Media Limited 58,232 112,920 Rent and Service charges Received 49,644 HT Media in-microseccap1 from 125.99.75.25 on 2011-08-09 12:43:10 EDT. DownloadPDF. 33,360 ISIEmergingMarketsPDF Limited - HT Music and Entertainment Company Limited 1,320 2,780 - Birla Cotton and Spinning and Wvg. Mills ltd Miscellaneous Receipts - HT Media Limited - HT Music and Entertainment Company Limited Sale of Fixed Assets - HT Media Limited Rent Paid
10,060 4,000
7,500 5,000
7,500 5,000
35
58,232 49,644 1,320
46
112,920 33,360 2,780
113
113
113
10,060
113
4,000
60
-
140
25,027
60 744 372 744
140
25,027
IE3
m
- The Birla Cotton Spg & Wvg Mills Limited Reimbursement of expenses incurred on behalf of the company by parties - HT Media Limited Reimbursement o! expenses incurred bv company on behalf of the company bv parties - HT Media Limited - HT Music and Entertainment Company Limited The Birla Cotton Spg & Wvg Mills Limited Gratuity contribution to Gratuity trust of employees - The HT Limited Non Journalist Gratuity Fund Dividend Paid Britex (1) Limited - Usha Flowell Limited - Udit (1) Limited . The Birla Cotton Spg & Wvg Mills Limited Inter corporate Loan Granted - HTL Investment & Trading Co. Limited - Shradhanjali Investments & Trading Co. Limited HT Interactive Media Properties Limited -White Tide Amusement Ltd HT Education Limited (Formerly known as Live Newscast Limited)
67
5
372
o en
67
35,209 2,599
28,788 4,777
35,209 2,599
28,788 4,777
m w lf=
18
160
1,352
18
291
1,352
18
160
1,352
18
291
1,3.52
i
m o
701 866 533
400 135,615 126,275
701 866 533
701 866 533
701 866 533

135,615 126,275
400
200
200
Subsidiary
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Rs.ln '000
=1 m
2 O
joint Ventures
Associates
Enterprises owned or significantly Influenced by ksy management personnel or their relatives March
2010
Total
HI m
Transactions during the year Inter - corporate Loan Refunded HTL Investment & Trading Co. Limited - Shradhanjali Investments & Trading Co. Limited HT Education Limited (Formerly known as Live Newscast Limited) Investment made in Equitv Shares
March 2010
March 2009
March
2010
March 2009
March
2010
March 2009
March
2010
March 2009
March 2009
March
2010
March 2009
15,375 12,800
291,950 322,900
18
15,375 12,800
291,950 322,900
18
I
H
- HT Media Limited 47,500 ISIEmergingMarketsPDF in-microseccap1 from 125.99.75.25 on 2011-08-09 12:43:10 EDT. DownloadPDF. HT Education Limited 500
Z
nv O
47,500
500
c m
(Formerly known as Live Newscast Limited) Investment made in Preference Shares HTL Investment & Trading Co, Limited - Shradhanjali Investments & Trading Co. Limited Write Off - Go4i.com (India) Private Limited Remuneration oaid to Kev manaaerial personnel V.K.Charoria Advance receipt against sale of Property - The Birla Cotton Spg & Wvg Mills Limited - Earthstone Holding Pvt. Limited Refund of Advance received aaainst sale of Property The Birla Cotton Spg & Wvg Mills Limited Earthstone Holding Pvt. Limited Loss on reduction of Share Capital HT Music and Entertainment Company Limited Balance outstanding at the end of the year Inter corporate Loans HTL Investment & Trading Co. Limited Shradhanjali Investments & Trading Co. Limited - HT Interactive Media Properties Limited - HT Films Ltd - Mr V.K.Charoria Interest Accrued on Inter-corporate Loans HTL Investment & Trading Co. Limited - Shradhanjali Investments & Trading Co. Limited
6,750 4,500 7,500 5,000 6,750 4,500 7,500 5,000 77,360 118,775 92,735 131,575 77,360 118,775 92,735 131,575 47,500 47,500 127,000 65,000 127,000 65,000 127,000 65,000 127,000 65,000 250,000 250,000
300,000
300,000
45
45
2,078
2,057
2,078
2,057
600 200
200 200
600 200
200 200
741
524
741
524
Subsidiary
www.sansco.net
Rs.in '000
Joint Ventures Associates Enterprises owned or significantly Influenced by key management personnel or their relatives March
2010
HI
Total
Transactions during the year
March 2010
March 2009
March
2010
March 2009
March
2010
March 2009
March
2010
March 2009
March 2009
March
2010
March 2009
Advance towards Rights/Share application Money 10,471 -T.V.M Limited 10,471 Investment in Equity Shares HTL Investment & Trading Co. Limited 10,923 10,923 Shradhanjali Investments & Trading Co. Limited 7,606 7,606 HT Interactive Media Properties Limited 45,000 45,000 HT Media Limited 1,997,912 1,997,912 HT Music in-microseccap1 Limited 2,500 2,500 ISIEmergingMarketsPDF and Entertainment Company from 125.99.75.25 on 2011-08-09 12:43:10 EDT. DownloadPDF. - HT Films Ltd 500 500 HT Education Limited (Formerly known as Live Newscast Limited) 500 500 -White Tide Amusement Ltd 0 0 -T.V.M. Limited 1,050 1,050 Paxton Trexim Pvt Limited 12,846 Duke Commerce Limited Investment in Preference Shares HTL Investment & Trading Co. Limited 250,000 250,000 HI Shradhanjali Investments & Trading Co. Limited 300,000 300,000 m Provision for diminution in value of Investment - HT Interactive Media Properties Limited 45,000 45,000 2 O -T.V.M. Limited 1,050 1,050 tn Provision tor diminution in value of Loans and Advances T.V.M. Limited 10,471 10,471 Receivable as Advances/Debtors m - HT Media Limited 8,441 3,809 w - HT Music and Entertainment Company Limited 3,491 f= I Advance receipt against sale of Property The Birla Cotton Spg & Wvg Mills Limited Earisione Holding Pvt. Limited Dividend Receivable HT Media Limited 58,232 48,526 Payable to Gratuity Contribution The HT Limited Non Journalist Gratuity Fund Security Deposit Received HT Media Limited 109,100 109,100 Advance received from parties HT Media Limited 600 HT Music and Entertainment Company Limited 45
10,471 10,923 7,606 45,000 2,500
10,471 10,923 7,606 45,000 2,500
1,997,912 1,997,912
500 500 0
1,050
12,846 12,846
500 500 0
1,050
12,846
3,174
3,174
3,174
250,000 300,000 45,000
3,174
250,000 300,000 45,000
1,050
10,471
1,050
10,471 3,809
8,441
127,000 65,000
3,491
127,000
58,232
65,000 48,526
325
166
325
109,100
166
109,100
600 45
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TOE
9. Segment Reporting Business Segments
TDi
LIGHTED
The Company operates in primarily two segments: 1. 2. Investment Income includes both interest and dividend income Rent and Service charges from properties let out to tenants.
The information by Business Segment in accordance with the Accounting Standard on Segment Reporting is as follows:
(Rs in '000)
Year ended 31st March 2010 Business Segment Properties Investment Revenue Turnover Other Income Segment Revenue Segment Results Unallocated Corporate Expenses (net) Interest Expenses Operating Profit Profit before tax Fringe EJenefit Tax 499,712 15,171 514,883 422,437
-
Year Ended 31 st March 2009 Business Segment Properties Investment Total
Total
172,513 75,575 248,088 184,264

-
672,225 90,746 762,971 614,151 (93,952)

(570)
424,324 6,983
215,335
639,659 6,983 646,642 445,938 (82,410) (9,861) 353,667 353,667

1,230
215,335 101,519
-
431 ,307
344,419
-
519,629 519,629
-
30,580 Income Tax (Net) ISIEmergingMarketsPDF in-microseccap1 from 125.99.75.25 on 2011-08-09 12:43:10 EDT. DownloadPDF. 489,049 Net Profit for the year Other Information Segment Assets Unallocated Corporate Assets Total Assets Segment liabilities Unallocated Corporate Liabilities Total Lieibilities Capital Expenditure Unallocated Capital Expenditure Total Capital Expenditure Depreciation Unallocated Depreciation Total Depreciation Other Non Cash Expenditure Provision for Diminution in Value of short term investments Provision for Diminution in Value of short term investments written back Provision for Doubtful Advances Loss on disposal of Fixed Assets (net)
. -
25,480 326,957 5,759,214 282,792 6,042,006 756,613 119,952 876,565
1,875,521
-
4,337,030
-
6,212,551 283,635 6,496,186 714,166 147,197 861,363 30,348 18,450 48,798 19,107
9,515
1,812,907
-
3,946,307
-
619,298
-
94,868
-
513,570
-
243,043
-
30,348
-
62,629
-
62,629 15,924 78,553 13,246

6,102
19,107
-
13,246
-
28,622
19,348 67,854
71
67,854
-
(75,575)
-
(75,575)
71 35
4,902
Note: The common expenses/assets/liabilities have been allocated amongst the various segments on the basis as estimated and certified by the management.
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10. Contingent Liabilities not provided for
2009-10 (Rs. in thousands) 120,000
2008-09 (Rs. in thousands)
(a) Bank Guarantees given by the Company (b) In respect of Income Tax matters under appeals * (c) Claims against the Company not acknowledged as debts*
3
11,523 16,552 25,475 Amount not ascertainable
7,014
6,080 31,435 Amount
not
(d) Other claim against the Company, being void-ab-initio, illegal and not sustainable, not acknowledged as debt * (e) In respect of various labour cases pending *
ascertainable *Based on the discussion with the solicitor, the management believes that the Company has a strong chance of success in the above mentioned cases and hence no provision against there is considered necessary. 11.
Pending receipt of Appeal effect orders for some assessment years where the appeals have been decided in favour of the Company by Income Tax Appellate Tribunal, interest on income tax refunds has not been recognized thereof as the amount is presently not reasonably determinable. Interest income on these refunds will be recognized in the year, the appeal effect order is received from the Income Tax Department. Supplementary Statutory Information 2009-10 (Rs. in thousands) 2008-09 (Rs. in thousands)
12.
12.1
Directors' Remuneration Salaries

1,860
1,860
144 53
2,057
Contribution to Provident fund Perquisites (at income tax value)
144
74
2,078
Note: As the future liability for gratuity and leave encashment is provided on an actuarial basis for the Company as a whole, the amount pertaining to the director is not ascertainable and, therefore, not included above. 12.2 Computation of Net Profit in accordance with Section 349 of the Companies Act, 1956 for calculation of commission payable to Directors

Profit before tax as per Profit and Loss Account
Add:
2008-09 (Rs. in thousands) 353,667
519,629
Directors Remuneration Provision for diminution in value of current investments Provision for doubtful debts and advances Loss on disposal of investments Loss on sale of fixed assets (net) as per Profit and Loss account Total
2,078
(555 7,7)
600 57,676
35
2,057
67,854
1,772
38,014
4,902
468,266
504,443
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TI
Less: Loss as per Section 349 of the Companies Act, 1956 brought forward from last year Net Profit/(Loss) for calculating Director's Commission Commission @ 1%* 504,443 468,266
Nil
Nil
*The management of the Company has decided that no commission will be paid to any of the directors for the financial year ended March 31, 2010 and year ended March 31, 2009. 2009-10 (Rs. in thousands) 12.3 Expenditure in foreign currency (on accrual basis) Travelling Professional Fee Architect Fee 5,039
863
5,646
5,319
5,902
12.4 CIIF Value of Imports 2009-10 (Rs. in thousands)
463 463
10,965 2008-09 (Rs. in thousands) 6,435 6,435 2008-09 (Rs. in thousands) 18,999
Capital Goods purchased
12.5
Capital Commitments
2009-10 thousands)
ISIEmergingMarketsPDF in-microseccap1 from 125.99.75.25 on 2011-08-09 12:43:10 EDT. DownloadPDF. (Rs. in
Estimated amount of contracts (net of advances) remaining to be executed on capital account and not provided for. 13. Gratuity - Defined benefit
12,118
The Company has a defined benefit gratuity plan. Every employee who has completed five years or more of service gets a gratuity on departure at 15 days salary (last drawn salary) for each completed year of service. The Company has formed a Gratuity Trust to which the contribution is made based on actuarial valuation done at the end of each financial year. The following tables summarise the components of net benefit expense recognised in the profit and loss account and the funded status and amounts recognised in the balance sheet for the respective plans:
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TIG
Profit and Loss account
LMIJI
Net employee benefit expense (recognised in Employee Cost) for the year ended March 31, 2010: 2009-10 (Rs. in thousands) Current service cost Interest cost on benefit obligation Expected return on plan assets Net actuarial (gain) / loss recognized in the year Past service cost Net benefit expense charged to Profit and Loss account Actual return on plan assets Balance sheet Details of Provision for gratuity as at March 31, 2010 2009-10 (Rs. in thousands) Defined benefit obligation Fair value of plan assets Less: Unrecognised past service cost Plan asset / (liability)
996 836 181

162
61
(42) (41)
55
(48)
(3)
159
166
70
53

766 600
(166)
(159)
Changes in the present value of the defined benefit obligation for the year ended March 31, 2010 are as follows: 2009-10 (Rs. in thousands) Opening defined benefit obligation Interest cost Current service cost Benefits paid Actuarial (gains) / losses on obligation Closing defined benefit obligation
766

689
61
181
55
162
(13)
996
(142)
1
766
THE HINDUSTAN TIMES LIMITED o ANNUAL (REPORT 2010 43
www.sansco.net
TOE HIM
Tl
LIMITED
Changes in the fair value of plan assets are as follows:

Opening fair value of plan assets Expected return Contributions by employer Benefits paid Actuarial gains / (losses) Closing fair value of plan assets The Company's expected contribution to Gratuity in the next year Rs. 198 thousand. The major categories of plan assets as a percentage of the fair value of total plan assets are as follows:
600
42
390
48
166
299
28
(142)
() 5 600
836
Gratuity
2009-10
%
2008-09
Investments with Funds Managed by Insurer
100
100
The overall expected rate of return on assets is determined based on the market prices prevailing on that date, applicable to the period over which the obligation is to be settled. The principal actuarial assumptions used in determining gratuity obligation for the Company's plans are shown below:
2009-10 Discount rate Expected rate of return on assets Employee Turnover Future salary increase
5.00% 8.00% 7.00%
2008-09
8.00% 8.00%
5.00%
The estimates of future salary increases, considered in actuarial valuation, take account of inflation, seniority, promotion and other relevant factors, such as supply and demand in the employment market. Amounts for the current and previous four years are as follows:*
Particulars
Defined benefit obligation Plan Assets Surplus / (deficit) Experience loss on plan liabilities Experience loss on plan assets
2009-10
(996)
836
2008-09
2007-08
(766)
600
(689)
390
(159)
(166)
(1397) (2120)
(299)
-
13 -
*As the Company has adopted AS-15(revised) in the year 2007-08, the above disclosures as required by Para 120(n) of the Accounting Standard 15 (revised) on Employee Benefits have been made prospectively from the date the Company first adopted the standard.
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Defined Contribution Plan (Rs. In thousands) For the year ended March 31 , 2010 Employer's Contribution to Provident Fund including Family Pension Fund* "Included in the head Contribution to Provident and Other Funds 14. Operating Lease: The Company has leased out buildings on operating lease. The lease term is generally between 2-3 years and thereafter renewable at the sole option of the lessee. There is an escalation clause in most of the lease agreements. There are no restrictions imposed by lease arrangements. Operating Lease (Rs. In thousands) 2009-10 Lease Rent receivable at the balance sheet date Contingent Rent recognized as income in profit and loss acocunt
Nil
For the year ended March 31, 2009

658
632
2008-09
1,701
Nil
15. 16.
There are no hedged or unhedged foreign currency exposures as at March 31, 2010. There are no outstanding derivative instruments as at the balance sheet date.
During the previous year, the Company has formed a private trust by the name of 'HT Group Companies Employee Stock Option Trust' for the benefit of employees of the Company and / or Group Companies. The trust has an objective of ISIEmergingMarketsPDF companies' shares from the open market for granting stock optionsEDT. DownloadPDF. 125.99.75.25 on 2011-08-09 12:43:10 to its employees and / or group acquisition of group in-microseccap1 companies' employees. The Company has contributed Rs 10,055 thousand (Previous year Rs. 10,045 thousand) as an interest free loan for meeting the trust's objects. The trust has acquired shares of an listed subsidiary company during the year. These shares will be transferred to eligible employees in accordance with the HT-Employee Stock Option Rules. No stock options have been granted by the trust to any of the employees of the Company and/or Group Companies and the said loan is recoverable from the trust as at year end. The Micro, Small and Medium Enterprises have been identified by the Company from the available information, which has been relied upon by the auditors. According to such identification, the disclosures in respect to Micro, Small and Medium Enterprise Development (MSMED) Act, 2006 is as follows:
17.
www.sansco.net
TOG
Details oli dues to IMicro, Small and Medium Enterprises as per Micro Small and Medium Enterprise Development Act, 2006 Particulars IThe principal amount and the interest due thereon remaining unpaid to .any supplier as at the end of each accounting year. the amount of interest paid by the buyer in terms of section 16, of the IMicro Small and Medium Enterprise Development Act, 2006 a'long with the amounts of the payment made to the supplier beyond (the appointed day during each accounting year. the amount <of iinterest due and payable for the period of delay iin ima'king [payment {which have been paid but beyond the appointed 'day during the year) but without adding the interest specified lunder IMicro Small and Medium Enterprise Development Act, :2006. the amount 'of interest accrued and remaining unpaid at the end of <each accounting year; and the amount of further interest remaining due and payable even in the succeeding years, until such date when the interest dues as .above are actually paid to the small enterprise for the purpose of disallowance as a deductible expenditure under section 23 of the IMicro Small and Medium Enterprise Development Act, 2006. 18.
At at March 31, 2010 (Rs. in thousands)
As at March 31, 2009 (Rs. in thousands)
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Previous year's figures have been regrouped/rearranged where necessary to conform to this year's classification.
/As per oor ireport of even date For S.R. Batliboi & Co. Firm registration Number : 301003E Chartered Accountants Per IRaj Agrawal iPartner ^Membership iNo. 82028 Place: 'Gurgaon Date : September 1, 2010
For and on behalf of the Board of Directors
Shobhana Bhartia Chairperson
Priyavrat Bhartia Director
Shamit Bhartia Director
S.M. Agarwal Director
www.sansco.net
TOE MDUSTA^l TIMES LBIMlITi

BALANCE SHEET ABSTRACT AND COMPANY'S GENERAL BUSINESS PROFILE AS PER; PART IV OF SCHEDULE VI OF THE COMPANIES ACT, 1956 I. Registration Details: Registration Number Balance Sheet Date 155 31.03.2010 State Code 55
II. Capital raised during the year (Amount in Rs. Thousands) Public Issue Bonus Issue Nil Nil Right Issue Private Placement Niill Mill
III. Position of Mobilization and Deployment of Funds (Amount in Rs. Thousands) Total Liabilities Source of Funds Paid-up Capital Secured Loans Application of Funds Net'Fixed Assets Intangible Assets (Net of amortisation) Net Current Assets / (Liabilities) 1,888,855 1,964 (271,703) Investments Deferred Tax Assets Miscellaneous Expenditure 3,91<2',78'7/ 102',920i Mil 53,162 Nil Reserve & Surplus; Unsecured Loans 5y58i1l,,661i Nil 5,634,823 Total Assets 5,6341,823;
IV. Performance of Company (Amount in Rs. Thousands) Turnover (Gross Revenue) Profit/(Loss) before Tax Earning Per Share (In Rs.) 770,421 519,629 91.99 Total Expenditure Profit/(Loss) after Tax Dividend Rate 250>,.792: 489>,,049< 110%,
V. Generic Names of Three Principal Products/Services of the Company (as per monetary terms) Production Description I nvestment Activity Rental From Property Item Code No. Nil Nil
www.sansco.net
mJ(
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The Hindustan TimesLtd.

THE HINDUSTAN TIMES LIMITED

Smt. Shobhana Bhartia

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

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HINDUSTAN TIMES HOUSE

286.22 5196.29 510.00 (204.20) 4890.49 9241.51 14132.00

193.48 3536.67 267.10

3269.57 6025.10 9294.67

Balance to be carried forward OPERATIONS :

THE HINDUSTAN TIMES LIMITED ANNUAL REPORT

TOE IKHHNOyiTAM HUMES LD MQTED

THE HINDUSTAN TIMES LIMITED o ANNUAL REPORT 2010

31.03.2010 31.03.2010 31.03.2010 31.03.2010 31.03.2010 31.03.2010 31.03.2010 31.03.2010 31.03.2010

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

100 100 100 Nil Nil Nil

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

100 Nil Nil 100 Nil Nil Nil

31.03.2010 31.03.2010 31.03.2010 31.03.2010

1.35 H0.15 (-)1.82

31.03.2010 31.03.2010 31.03.2010

(-) 48.64 (-) 75.68

Place : New Delhi Date : 1st September 2010

HINDUSTAN TIMES LIMITED ANNUAL REPORT 2010

THE HINDUSTAN TIMES LIMITED ANNUAL REPORT 2010

(c) (d) (e)

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TUB HINDUSTAN TIMES LIMITED ANNUAL REPORT 2010

(c) (x) (xi)

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THE (HINDUSTAN TIMES LIMITED o ANNUAL REPORT 2010

Balance Sheet as at 31st March, 2010

As at March 31, 2010

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

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

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

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

Naresh Gupta Vice President

V.K. Charoria Director & C< ampany Secretary

THE HINDUSTAN TIMES LIMITED ANNUAL REPORT 2010

For the Year ended March 31, 2010

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

679,675 90,746 770,421

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

14,252 206,830 28,622

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Naresh Gupta Vice President

V.K. Charoria Director & Company Secretary

THE HINDUSTAN TIMES LIMITED ANNUAL REPORT

V.K. Charoria Director & Company Secretary

THE HINDUSTAN TIMES LIMITED o ANNUAL REPORT 2010

As at March 31, 2010

As at March 31, 2009

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

THE HINDUSTAN TIMES LIMITED o ANNUAL REPORT 2010

Schedules to the Accounts

Plant& Machinery 133,364 24,628

Furniture & Fittings 43,780

757,006 333,235 20,673

157,794 49,906 13,438

50,946 21,331 5,366