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NDTV ETHNIC RETAIL LIMITED

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

[400100] Disclosure of general information about company
Unless otherwise specified, all monetary values are in Millions of INR
01/04/2013
to
31/03/2014
NDTV
ETHNIC
RETAIL
LIMITED
U74900DL2013PLC248812
AAECN3122D
207,
OKHLA
INDUSTRILAL
ESTATE, , PHASE - III , NEW
DELHI , DELHI , INDIA 110020
Commercial
and
Industrial
07/05/2014
01/04/2013
31/03/2014
Standalone
Statement of Profit & Loss
INR
Millions

Name of company
Corporate identity number
Permanent account number of entity
Address of registered office of company
Type of industry
Date of board meeting when final accounts were approved
Date of start of reporting period
Date of end of reporting period
Nature of report standalone consolidated
Content of report
Description of presentation currency
Level of rounding used in financial statements

28/02/2013
to
31/03/2013

28/02/2013
31/03/2013

Disclosure of principal product or services [Table]

..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Types of principal product or services [Axis]

1

01/04/2013
to
31/03/2014
Disclosure of general information about company [Abstract]
Disclosure of principal product or services [Abstract]
Disclosure of principal product or services [LineItems]
Product or service category (ITC 4 digit) code
Description of product or service category
Turnover of product or service category
Highest turnover contributing product or service (ITC 8 digit) code
Description of product or service
Turnover of highest contributing product or service

Footnotes
(A) Online Selling of apparels

9962
RETAIL TRADE
SERVICES
55.81
99623300
(A)
Textiles,
clothing
and
footwear
55.81

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

[100200] Statement of profit and loss
Unless otherwise specified, all monetary values are in Millions of INR
01/04/2013
to
31/03/2014
Statement of profit and loss [Abstract]
Disclosure of revenue from operations [Abstract]
Disclosure of revenue from operations for other than finance company
[Abstract]
Revenue from sale of products
Revenue from sale of services
Total revenue from operations other than finance company
Total revenue from operations
Other income
Total revenue
Expenses [Abstract]
Cost of materials consumed
Purchases of stock-in-trade
Changes in inventories of finished goods, work-in-progress and
stock-in-trade
Employee benefit expense
Finance costs
Depreciation, depletion and amortisation expense [Abstract]
Depreciation expense
Amortisation expense
Total depreciation, depletion and amortisation expense
Other expenses
Total expenses
Total profit before prior period items, exceptional items, extraordinary
items and tax
Total profit before extraordinary items and tax
Total profit before tax
Tax expense [Abstract]
Total tax expense
Total profit (loss) for period from continuing operations
Total profit (loss) for period before minority interest
Total profit (loss) for period
Earnings per equity share [Abstract]
Basic earning per equity share
Diluted earnings per equity share
Nominal value of per equity share

28/02/2013
to
31/03/2013

55.81
6.34
62.15
62.15
0.85
63

0
0
0
0
0
0

0
33.46

0
0

-4.54

0

42.36
2.57

0
0

2.52
1.36
3.88

0
0
0

(A) 231.79
309.52

(B) 2.31
2.31

-246.52

-2.31

-246.52
-246.52

-2.31
-2.31

0
-246.52
-246.52
-246.52

0
-2.31
-2.31
-2.31

[INR/shares] -3,990.69
[INR/shares] -3,990.69
[INR/shares] 10

[INR/shares] -1,356.98
[INR/shares] -1,356.98
[INR/shares] 10

Footnotes
(A) OPERATING AND ADMINISTRATION EXPENSES RS. 105.77 MILLION + MARKETING, DISTRIBUTION AND
PROMOTION EXPENSES RS. 126.02 MILLION
(B) OPERATING AND ADMINISTRATION EXPENSES RS. 2.31 MILLION + MARKETING, DISTRIBUTION AND PROMOTION
EXPENSES RS. NIL

2

36 0.34 6.99 4.7 (C) 7.57 2.09 1.85 0.81 (A) 6.58 42.13 0.85 0 0 0 0 0.57 2.1 51.36 0 0 0 0 0 0. current investments Total interest income on current investments Total interest income Dividend income [Abstract] Total dividend income Total other income Disclosure of finance cost [Abstract] Textual information [See below] Disclosure of notes on finance cost explanatory [TextBlock] 0 0 0 0 (1) 0.21 0.41 0. gross 55.85 0 0 (2) Interest expense [Abstract] Interest expense short-term loans [Abstract] Interest expense short-term loans.NDTV ETHNIC RETAIL LIMITED Standalone Statement of Profit & Loss for period 01/04/2013 to 31/03/2014 [300500] Notes .98 0 0 .57 Total interest expense short-term loans Total interest expense Total finance costs Employee benefit expense [Abstract] Salaries and wages Contribution to provident and other funds [Abstract] Contribution to provident and other funds for others Total contribution to provident and other funds Staff welfare expense Total employee benefit expense Breakup of other expenses [Abstract] Consumption of stores and spare parts Power and fuel Rent Other cess taxes 0 2.23 0 0 (D) 0.85 0. all monetary values are in Millions of INR 01/04/2013 to 31/03/2014 28/02/2013 to 31/03/2013 Subclassification and notes on income and expense explanatory [TextBlock] Disclosure of revenue from sale of products [Abstract] Revenue from sale of products [Abstract] Revenue from sale of products.98 0.57 2.66 0. gross Total revenue from sale of products Disclosure of revenue from sale of services [Abstract] Revenue from sale of services [Abstract] Revenue from sale of services.81 55. others (B) 2.46 8.74 Repairs to building Repairs to machinery Insurance Rates and taxes excluding taxes on income [Abstract] 0 0 0 0 0 (E) 0.Subclassification and notes on income and expenses Unless otherwise specified.08 0.74 0.08 2.39 Total rates and taxes excluding taxes on income Electricity expenses Telephone postage Printing stationery Travelling conveyance Legal professional charges Training recruitment expenses Vehicle running expenses 3 0 0 0 39.41 0.34 Total revenue from sale of services Disclosure of other income [Abstract] Textual information [See below] Disclosure of notes on other income explanatory [TextBlock] Interest income [Abstract] Interest income on current investments [Abstract] Interest on fixed deposits.13 0 0 0 0 1.

0. 0.29 Cost information technology [Abstract] Cost software Cost communication connectivity Total cost information technology Cost insurance Provision bad doubtful debts created Provision bad doubtful loans advances created Write-off assets liabilities [Abstract] Miscellaneous expenditure written off [Abstract] Total miscellaneous expenditure written off Bad debts written off Bad debts advances written off Total write-off assets liabilities Loss on disposal of intangible asset Loss on disposal. NIL MILLION + FOREIGN EXCHANGE LOSS (NET) RS.31 Footnotes (A) SALE OF SERVICES RS.08 MILLION + MEDICAL RS.2 (G) 9. NIL + MISCELLENOUS RS.87 Total other expenses (I) 231.52 0. 0. NIL + HIRE CHARGES RS. 6.20 MILLION + OTHERS RS. 2.89 0 0 0 0 0 (F) 126.02 MILLION (J) OPERATING AND ADMINISTRATION EXPENSES RS.5 0. NIL + MEDICAL RS. NIL (I) OPERATING AND ADMINISTRATION EXPENSES RS. NIL + OTHERS RS.14 0 0 0 0 0 0. 3.02 0.2 0 0.39 2.07 MILLION + HIRE CHARGES RS. DISTRIBUTION AND PROMOTION EXPENSES RS.89 13. 3.27 MILLION + MISCELLENOUS RS. 0. 105. 0.02 MILLION (G) HOSTING & STREAMING RS.06 MILLION (B) INTEREST ON INTER COMPANY LOAN* *INTEREST ON LOAN FROM NDTV LIFESTYLE HOLDINGS LIMITED AMOUNTING TO RS. 75.79 (H) 0 (J) 2. discard. 126. NIL + BROKERAGE & COMMISSION RS. NIL 4 . 126.94 MILLION (H) HOSTING & STREAMING RS. 2.00 MILLION (C) REFER NOTE 26 (D) RATES AND TAXES (E) RATES AND TAXES (F) BUSINESS PROMOTION RS.77 MILLION + MARKETING.28 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.11 MILLION + BROKERAGE & COMMISSION RS.44 2.28 MILLION + SHARED SERVICE INCOME RS. DISTRIBUTION AND PROMOTION EXPENSES RS. 0.27 MILLION + MARKETING.NDTV ETHNIC RETAIL LIMITED Standalone Statement of Profit & Loss for period 01/04/2013 to 31/03/2014 Safety security expenses Directors sitting fees Managerial remuneration [Abstract] Remuneration to directors [Abstract] Total remuneration to directors Total managerial remuneration Books periodicals Bank charges Advertising promotional expenses 1. DISTRIBUTION AND PROMOTION EXPENSES RS.20 MILLION + FOREIGN EXCHANGE LOSS (NET) RS.31 MILLION + MARKETING. demolishment and destruction of depreciable tangible asset Payments to auditor [Abstract] Payment for audit services Payment for reimbursement of expenses Total payments to auditor Miscellaneous expenses 10.

85 - 0. 2013 2.000.85 - Interest income on -Bank deposits Textual information (2) Disclosure of notes on finance cost explanatory [Text Block] 23.000.57 - 2. 2014 March 31. Other income In Rs. million Year ended March 31. 2013 0.NDTV ETHNIC RETAIL LIMITED Standalone Statement of Profit & Loss for period 01/04/2013 to 31/03/2014 Textual information (1) Disclosure of notes on other income explanatory [Text Block] 17. 5 . 2014 March 31.57 - Interest on: -InterCompany Loans* * Interest on Loan from NDTV Lifestyle Holdings Limited amounting to Rs 75. Finance costs Year ended March 31.

54 Total gross income from services rendered (B) 6.98 36. 1.98 55.83 18.98 36. gross Total revenue from sale of products Total revenue from sale of services Footnotes (A) STOCK AT THE BEGNNING OF THE YEAR RS.06 MILLION (C) HOSTING EXPENSES RS.54 Total changes in inventories of finished goods.01 MILLION + OTHER EXPENSES RS.34 Expenditure on other matters (C) 5.Additional information statement of profit and loss Unless otherwise specified.20 MILLION 6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 .28 MILLION + SHARED SERVICE INCOME RS.83 36. NIL (-) STOCK AT THE END OF THE YEAR RS. work-in-progress and stock-in-trade -4.21 5. all monetary values are in Millions of INR 01/04/2013 to 31/03/2014 28/02/2013 to 31/03/2013 Textual information [See below] Additional information on profit and loss account explanatory [TextBlock] Changes in inventories of stock-in-trade (3) (A) -4.54 MILLION (B) SALE OF SERVICES RS.NDTV ETHNIC RETAIL LIMITED Standalone Statement of Profit & Loss for period 01/04/2013 to 31/03/2014 [300600] Notes .98 18. 4.34 Total expenditure in foreign currency Total amount of dividend remitted in foreign currency FOB value of traded goods exported Total earnings on export of goods calculated on FOB basis Total earnings in foreign currency Domestic sale traded goods Total domestic turnover goods.81 6. 3. 4.21 0 36. 3.98 36. gross Export sale traded goods Total export turnover goods.

periodicals and news papers 0. Operations & Administration Expenses March 31. 2013 Rent (refer note 26) 7. million Year ended March 31. million Year ended March 31.44 - Local conveyance .66 - Books. Changes in inventory of finished goods In Rs.54) 20.99 - Rates and taxes 0.NDTV ETHNIC RETAIL LIMITED Standalone Statement of Profit & Loss for period 01/04/2013 to 31/03/2014 Textual information (3) Additional information on profit and loss account explanatory [Text Block] 18. 2014 Stock at the beginning of the year - Less: stock at the end of the year 4.54 (4. travelling & taxi hire 8.98 - Printing and stationery 0. 2014 March 31. 2013 - In Rs.46 - Postage and courier 0.10 - 7 .13 Electricity and water 0.41 0.

27 - Bank charges 2.74 - Hosting & streaming 6.NDTV ETHNIC RETAIL LIMITED Standalone Statement of Profit & Loss for period 01/04/2013 to 31/03/2014 Business promotion 0.08 Communication 2.07 Hire Charges 0.89 - Miscellaneous 2.Plant & Machinery 0.Building 4.Net 0.39 - Medical 0.74 - .36 - Auditors' remuneration* 0.14 - Staff Training 0.27 - .20 Insurance 0.23 - Personnel Security 1.09 - Legal.11 - Brokerage & commission 0.20 - Software expense 10.20 - Others 0.98 Foreign Exchange loss .21 1.52 0.89 - Vehicle 1.39 Generator hire and running 0.94 - Repair and Maintenance 8 . professional & consultancy 51.

77 * Auditors' Remuneration 2. million Year ended March 31. 2014 Advertisement expense 78.02 9 March 31.52 0. 2013 0. million Year ended March 31.NDTV ETHNIC RETAIL LIMITED Standalone Statement of Profit & Loss for period 01/04/2013 to 31/03/2014 105.20 0. distribution & promotion expense In Rs.66 126. Marketing. 2013 - .44 Shipping expense 4.20 As auditor: Audit fee Reimbursement of expenses Out of pocket expenses 21.50 0.02 - 0. 2014 March 31.92 Marketing expenses 42.31 In Rs.

change in accounting policies and changes in estimates explanatory [TextBlock] Textual information [See below] 10 (4) . changes in accounting policies and estimates Unless otherwise specified.Disclosure of accounting policies. all monetary values are in Millions of INR 01/04/2013 to 31/03/2014 Disclosure of accounting policies.NDTV ETHNIC RETAIL LIMITED Standalone Statement of Profit & Loss for period 01/04/2013 to 31/03/2014 [200800] Notes .

com. these financial statements have been prepared to comply in all material aspects with the accounting standards notified under Section 211(3C) [Companies (Accounting Standards) Rules. 1956. the management of the Company makes estimates and assumptions in conformity with the applicable accounting principles in India that affect the reported balances of assets and liabilities and disclosures relating to contingent assets and liabilities as at the date of the financial statements and reported amounts of income and expenses during the period. which includes taxes.e. Where no reliable estimate can be made. insurance and other incidental expenses incurred for bringing the assets to the working condition required for their intended use. the shareholders have approved. July 25. All assets and liabilities have been classified as current or non-current as per the Company?s normal operating cycle and other criteria set out in the Schedule VI to the Companies Act. less depreciation and impairment. 1956 shall continue to apply. Corporate information The Company was incorporated on February 28. The Company operates e commerce business of sale of various products on the platform www. are stated at the cost of acquisition. duties. NCT of Delhi & Haryana. except in the cases mentioned below. 2013. the Company has ascertained its operating cycle as 12 months for the purpose of current ? non current classification of assets and liabilities.f. 2013 to convert the status of the Company from ?Private Limited? to ?Public Limited? w. as amended] and other relevant provisions of the Companies Act. Based on the nature of services and the time between rendering of services/airing of programmes and their realisation in cash and cash equivalents. Fixed assets purchased under barter arrangements are stated at the fair market value as at the date of purchase.NDTV ETHNIC RETAIL LIMITED Standalone Statement of Profit & Loss for period 01/04/2013 to 31/03/2014 Textual information (4) Disclosure of accounting policies. change in accounting policies and changes in estimates explanatory [Text Block] 1. income taxes. 2. and the amount can be reasonably estimated. the name of the Company was changed to NDTV Ethnic Retail Private Limited w.2014. and the useful lives of fixed assets and intangible assets. Pursuant to circular 15/2013 dated 13. 2. 2014 to comply with FDI guidelines.e. March 30. 2013. Depreciation on tangible assets is provided using the Straight Line Method based on the useful lives as estimated by the management. 2013 as NDTV E-Commerce Private Limited and consequent to shareholders resolution dated March 18. Consequently. Examples of such estimates include provisions for doubtful debts.f.indianroots.04. future obligations under employee retirement benefit plans. 2013. 2. April 16.1 Summary of significant accounting policies Basis of preparation These financial statements have been prepared in accordance with the generally accepted accounting principles in India under the historical cost convention on accrual basis.3 Tangible assets Tangible assets.09. freight. 11 . vide their resolution dated April 16. Further. 1956.f. the existing Accounting Standards notified under the Companies Act. 2006. A provision is recognised when there is a present obligation as a result of a past event in respect of which it is probable that outflow of resources will be required to settle the obligation and in respect of which a reliable estimate can be made Contingencies are disclosed when it is possible that a liability will be incurred. the name of the Company was changed to NDTV Ethnic Retail Limited w.2013 read with circular 08/2014 dated 04.2 Use of estimates In the preparation of the financial statements. The company started fulfilling exclusively to the customer outside India starting March 6. 2.e. a disclosure is made of the existence of the contingent liability. till the Standards of Accounting or any addendum thereto are prescribed by Central Government in consultation and recommendation of the National Financial Reporting Authority. 2013 on receipt of approval from the Registrar of Companies.

NDTV ETHNIC RETAIL LIMITED Standalone Statement of Profit & Loss for period 01/04/2013 to 31/03/2014 Depreciation is charged on a pro-rata basis for assets purchased/sold during the year. Individual assets costing less than Rs. 5. Depreciation on intangible assets is provided using the Straight Line Method based on the useful lives as estimated by the management. so as to obtain a constant periodic rate of interest on outstanding liability for each period.6 Impairment of tangible and intangible assets 12 . Intangible assets are stated at cost less accumulated amortization and impairment. Each lease rental paid is allocated between the liability and the interest cost. All other expenses on intangible items are charged to the Statement of Profit and Loss account. Depreciation is charged on a pro-rata basis for assets purchased/sold during the year.000 are depreciated at the rate of 100% on a pro-rata basis.4 5 Intangible assets Intangible assets are recognised if they are separately identifiable and the Company controls the future economic benefits arising out of them.000 are depreciated at the rate of 100% on a pro-rata basis. where the Company assumes substantially all the risks and rewards of ownership are classified as Finance leases. The management?s estimates of useful lives for various fixed assets are given below: Asset Head Useful Life (years) Plant and Machinery 5-12 Computers 3-6 Office Equipment 3-5 Furniture and Fixtures 5-8 Vehicles 2. The management?s estimates of useful lives for intangible assets are given below: Asset Head Useful Life (years) Computer Software 6 2. 2.5 Leases As a lessee : Assets taken under leases. Lease rentals are charged to the Profit and Loss Account on a straight line basis over the lease term. Such assets are capitalised at the inception of the lease at the lower of fair value or the present value of minimum lease payments and a liability is created for an equivalent amount. Individual assets costing less than Rs. Assets taken on leases where significant risks and rewards of ownership are retained by the lessor are classified as operating leases. 5.

2. The Company recognizes the actuarial gains and losses in the Statement of Profit and Loss account as income and expense in the period in which they occur. Revenue for services provided is recognized when persuasive evidence of an arrangement exists.7 Revenue Recognition Revenue from online sale of goods are recognised when the goods has been delivered and all the risk and rewards of ownership has been transferred to the buyer. provision for diminution is made to recognise a decline. etc affecting the valuation. The Company provides for a long term defined benefit scheme of Gratuity on the basis of actuarial valuation on the balance sheet date based on the projected unit credit method. 2. future salary increases. 2. The cost of furnished goods comprises appreals and dresses. 2. whether there is an indication that an asset may be impaired. such reduction being determined and made for each investment individually.NDTV ETHNIC RETAIL LIMITED Standalone Statement of Profit & Loss for period 01/04/2013 to 31/03/2014 The management periodically assesses using external and internal sources. first out method. All other investments are classified as long term investments. Current investments are carried at cost or fair value. All non-monetary assets and liabilities are stated at the rates prevailing on the date of the transaction. Long-term investments are carried at cost. Net realisable value is estimated selling price in the ordinary course of business use the estimated cost to make the sale. 13 . the consideration is fixed or determinable. Cost is deteremined using the first in. However.10 Employee benefits Short-term employee benefits are recognized as expenses at the undiscounted amounts in the Statement of Profit and Loss account of the year in which the related service is rendered. 2.11 Inventories Stock in trade Inventories related to stock in trade are stated at the lower of cost or net realisable value. The actuarial valuation of the liability towards the retirement gratuity benefits of the employees is made on the basis of assumptions with respect of the variable elements like discount rate. Impairment occurs where the carrying value exceeds the present value of future cash flows expected to arise from the continuing use of the asset and its eventual disposal.9 Foreign currency transaction Transactions in foreign currency are recorded at the rates of exchange in force at the time the transactions are effected. All monetary assets and liabilities denominated in foreign currency are restated at the year-end exchange rate. Such revenues are recognised as the services are provided. on which such investments are made. Post employment and other long term employee benefits: The Company?s contribution to State Provident fund is charged to the Statement of Profit and Loss account.8 Investments Investments that are readily realisable and are intended to be held for not more than one year from the date. and it is reasonable to expect ultimate collection. are classified as current investments. whichever is lower. The impairment loss to be expensed is determined as the excess of the carrying amount over the higher of the asset?s net sales price or present value as determined above. Gains / (losses) arising out of fluctuations in the exchange rates are recognized as income/expense in the period in which they arise. in the value of the investments. other than tempprary.

demand deposits with bank. Diluted EPS The net profit/ (loss) after tax and the weighted average number of shares outstanding during the year are adjusted for all the effects of dilutive potential equity shares for calculating the diluted EPS 2.NDTV ETHNIC RETAIL LIMITED Standalone Statement of Profit & Loss for period 01/04/2013 to 31/03/2014 2. 14 . 2. Deferred tax assets in respect of unabsorbed depreciation / brought forward losses are recognised to the extent there is virtual certainty that sufficient future taxable income will be available against which such deferred tax assets can be realised. have been included under "Unallocated corporate expenses". Other deferred tax assets are recognised and carried forward to the extent that there is reasonable certainty that sufficient future taxable income will be available against which such deferred tax assets can be realised. Deferred tax is recognised on timing differences between the accounting income and the taxable income for the year and quantified using the tax rates and laws substantially enacted as on the balance sheet date. The number of shares used in computing basic EPS is the weighted average number of shares outstanding during the year.12 Earnings Per Share ( EPS ) Basic EPS The earnings considered in ascertaining the Company?s basic EPS comprise the net profit/ (loss) after tax.14 Cash and Cash Equivalents In the cash flow statement. 1961.15 Segment Reporting The accounting policies adopted for segment reporting are in conformity with the accounting policies adopted for the Company. Further. which relate to the Company as a whole and are not allocable to segments on a reasonable basis. cash and cash equivalents includes cash in hand. 2. Revenue and expenses.13 Taxes on Income Tax on income for the period is determined on the basis of taxable income and tax credits computed in accordance with the provisions of the Income Tax Act. other short-term highly liquid investments with original maturities of three months or less. inter-segment revenue have been accounted for based on the transaction price agreed to between segments which is primarily market based.

2013 Sale of goods 55.81 - Sale of services 3.15 - Revenue from operations 15 . Revenue from operations In Rs. million Year ended March 31.28 - Shared service income 3.Revenue Unless otherwise specified. 2014 March 31.NDTV ETHNIC RETAIL LIMITED Standalone Statement of Profit & Loss for period 01/04/2013 to 31/03/2014 [300100] Notes . all monetary values are in Millions of INR 01/04/2013 to 31/03/2014 Textual [See below] Textual [See below] Disclosure of revenue explanatory [TextBlock] Description of accounting policy for recognition of revenue information (5) information (6) Textual information (5) Disclosure of revenue explanatory [Text Block] 16.06 - 62.

all monetary values are in Millions of INR 01/04/2013 to 31/03/2014 Disclosure of notes on effect of changes in foreign exchange rates explanatory [TextBlock] Textual information [See below] 16 (7) . and it is reasonable to expect ultimate collection.7 Revenue Recognition Revenue from online sale of goods are recognised when the goods has been delivered and all the risk and rewards of ownership has been transferred to the buyer. Revenue for services provided is recognized when persuasive evidence of an arrangement exists.Effects of changes in foreign exchange rates Unless otherwise specified. [202200] Notes . the consideration is fixed or determinable.NDTV ETHNIC RETAIL LIMITED Standalone Statement of Profit & Loss for period 01/04/2013 to 31/03/2014 Textual information (6) Description of accounting policy for recognition of revenue 2. Such revenues are recognised as the services are provided.

million Year ended Sale of goods March 31. 2014 March 31.20 - 5.9 Foreign currency transaction Transactions in foreign currency are recorded at the rates of exchange in force at the time the transactions are effected. All non-monetary assets and liabilities are stated at the rates prevailing on the date of the transaction. Expenditure in foreign currency (accrual basis) In Rs. 36.NDTV ETHNIC RETAIL LIMITED Standalone Statement of Profit & Loss for period 01/04/2013 to 31/03/2014 Textual information (7) Disclosure of notes on effect of changes in foreign exchange rates explanatory [Text Block] 2.21 - 31. 2013 Hosting Expenses 4. Gains / (losses) arising out of fluctuations in the exchange rates are recognized as income/expense in the period in which they arise.01 - Other expenses 1.98 Unhedged foreign currency exposure The foreign currency exposures that are not hedged by a derivative instrument or otherwise are as follows: 17 - .98 - - Total 33. Earnings in foreign currency (accrual basis) In Rs. 2013 36. All monetary assets and liabilities denominated in foreign currency are restated at the year-end exchange rate. 30. 2014 March 31. million Year ended March 31.

25 - - USD 0. all monetary values are in Millions of INR 01/04/2013 to 31/03/2014 Textual [See below] Disclosure of employee benefits explanatory [TextBlock] 18 information (8) .03 2.03 2.05 3.09 - - Grand Total 0.NDTV ETHNIC RETAIL LIMITED Standalone Statement of Profit & Loss for period 01/04/2013 to 31/03/2014 (in Rs million) Particulars Year ended March 31. 2013 Amount in Foreign Currency in million INR Equivalent Amount in Foreign Currency in million INR Equivalent USD 0.09 - - Receivables Payables [201200] Notes . 2014 March 31.25 - - Grand Total 0.Employee benefits Unless otherwise specified.05 3.

Gratuity and other post-employment benefit plans The Company provides for long term defined benefit schemes of gratuity on the basis of an actuarial valuation on the Balance Sheet date based on the Projected Unit Credit Method. Employee benefits expense In Rs.08 - Staff welfare 0. million For the Year ended Particulars 19 . million Year ended March 31. 2014 March 31. 19. wages and other benefits 39. future salary increases. The reconciliation of opening and closing balances of the present value of the defined benefit obligations are as below: In Rs. The Company recognises the actuarial gains and losses in the Statement of Profit and Loss as income and expense in the period in which they occur.58 - 42.70 - Contribution to provident and other Funds 2. 2013 Salaries.10 Employee benefits Short-term employee benefits are recognized as expenses at the undiscounted amounts in the Statement of Profit and Loss account of the year in which the related service is rendered. Post employment and other long term employee benefits: The Companys contribution to State Provident fund is charged to the Statement of Profit and Loss account. The Company provides for a long term defined benefit scheme of Gratuity on the basis of actuarial valuation on the balance sheet date based on the projected unit credit method.36 - 25. The Company recognizes the actuarial gains and losses in the Statement of Profit and Loss account as income and expense in the period in which they occur. The actuarial valuation of the liability towards the retirement gratuity benefits of the employees is made on the basis of assumptions with respect of the variable elements like discount rate.NDTV ETHNIC RETAIL LIMITED Standalone Statement of Profit & Loss for period 01/04/2013 to 31/03/2014 Textual information (8) Disclosure of employee benefits explanatory [Text Block] 2. etc affecting the valuation.

30 - Service Cost Past - - Interest Cost - - Expected return on plan assets - - Actuarial (gain) / loss - - Reconciliation of present value of the obligation and the fair value of II the plan assets: Defined benefit obligations cost for the year III 20 .30 - Present value of the defined benefit obligations at the end of the year 0.NDTV ETHNIC RETAIL LIMITED Standalone Statement of Profit & Loss for period 01/04/2013 to 31/03/2014 March March 31. 31. 2014 2013 Changes in the present value of the Obligation: I Obligations at year beginning - - Service Cost Current 0.30 - Service Cost Past - - Interest Cost - - Actuarial (gain) / loss - - Benefit Paid - - Obligations at year end 0.30 - Fair value of the plan assets at the end of the year - - Liability recognised in the Balance Sheet 0.30 - Service Cost Current 0.

The principal assumptions used in determining post-employment benefit obligations are shown below : V Discount Rate 9.699 -246. which is considered a standard table.31 .52 -2.30 Investment details of plan assets - IV 100% of the plan assets are lying in the Gratuity fund administered through Life Insurance Corporation of India (LIC) under its Group Gratuity Scheme. [300300] Notes .00% Future salary increases 5% Expected return on plan assets 0.00% 0% The estimates of future salary increases.699 [shares] 1.52 -2.31 -246. seniority. promotion and other relevant factors such as supply and demand factors in the employment market. take account of inflation.Earnings per share Unless otherwise specified.774 [shares] 61. considered in the actuarial valuation.NDTV ETHNIC RETAIL LIMITED Standalone Statement of Profit & Loss for period 01/04/2013 to 31/03/2014 Net defined benefit obligations cost 0.00% 0. The demographic assumptions were as per the published rates of "Life Insurance Corporation of India (1994-96) Mortality Table (ultimate).30% 0. all monetary values are in Millions of INR 01/04/2013 to 31/03/2014 Textual information [See below] Disclosure of earnings per share explanatory [TextBlock] Weighted average shares and adjusted weighted average shares [Abstract] Basic weighted average shares Diluted weighted average shares Adjustments of numerator to calculate basic earnings per share [Abstract] Profit (loss) for period Adjustments of numerator to calculate diluted earnings per share [Abstract] Profit (loss) for period 21 28/02/2013 to 31/03/2013 (9) [shares] 61.774 [shares] 1.

NDTV ETHNIC RETAIL LIMITED Standalone Statement of Profit & Loss for period 01/04/2013 to 31/03/2014 Textual information (9) Disclosure of earnings per share explanatory [Text Block] 2.000 Number of equity shares outstanding at year end (Nos) 84.000 Add: Fresh issue of equity shares (Nos) 24.000 Weighted average number of Equity Shares outstanding during the year for Basic EPS (Nos. Earnings per share (EPS) The following reflects the profit and share data used in the basic and diluted EPS computations: In Rs. million ( except per share data ) Year ended March 31. Diluted EPS The net profit/ (loss) after tax and the weighted average number of shares outstanding during the year are adjusted for all the effects of dilutive potential equity shares for calculating the diluted EPS 24. 2014 March 31.) 61.774 1. The number of shares used in computing basic EPS is the weighted average number of shares outstanding during the year.910 60.52) (2.12 Earnings Per Share ( EPS ) Basic EPS The earnings considered in ascertaining the Company?s basic EPS comprise the net profit/ (loss) after tax.31) Number of equity shares outstanding as at the beginning of the year (Nos) 60. 2013 Profit / (Loss) attributable to Equity Shareholders (246.699 22 .000 10.910 50.

Director remuneration and other information Disclosure of directors and remuneration to directors [Table] . Completed the bachelors in Prestigious Textual information Textual information Economics from the Advanced (10) [See below] (11) [See below] Queen Mary Management College. London Programme at the University and is a Harvard Business Qualified Chartered School at United Accountant from States.69) (1.(1) Unless otherwise specified.774 1.024 [shares] 0 Qualification of director Shares held by director Director remuneration [Abstract] Salary to director [Abstract] Total salary to director Total director remuneration RADHIKA ROY 0 0 23 SHYATTO RAHA 0 0 0 0 0 0 .) (3.) 61.NDTV ETHNIC RETAIL LIMITED Standalone Statement of Profit & Loss for period 01/04/2013 to 31/03/2014 Weighted average number of Equity Shares outstanding during the year for Diluted EPS (Nos.98) Nominal Value per share (Rs) 10 10 [300700] Notes . [shares] 0 [shares] 0 [shares] 6.356. all monetary values are in Millions of INR Directors [Axis] 1 2 3 4 01/04/2013 to 31/03/2014 01/04/2013 to 31/03/2014 01/04/2013 to 31/03/2014 01/04/2013 to 31/03/2014 Disclosure of directors and remuneration to directors [Abstract] Disclosure of directors and remuneration to directors [LineItems] VIKRAMADITYA CHANDRA 01179738 07/01/1967 Director Name of director PRANNOY ROY Director identification number of director Date of birth of director Designation of director 00025576 00025625 02729688 15/10/1949 09/07/1949 02/11/1973 Director Director Director Dr.699 Basic and Diluted Earnings per Equity Share (Rs. Roy has a doctorate in Master in Economics Economics from the from Delhi Delhi School of University. London.990. He Economics..

. Textual information (11) Qualification of director Mr. He honed his media skills at Stanford University where he did a course in Mass Media. New York University. Vikramaditya Chandra did his Bachelors in Economics from St. 24 . Stephen?s College in Delhi and went on to study at Oxford on an Inlaks Scholarship. Radhika Roy is an English (Honours) graduate from Delhi University and a qualified speech pathologist from Oldrey Fleming School in London. She has also completed a course in television production from the TISCH School of Arts.(2) Unless otherwise specified. all monetary values are in Millions of INR Directors [Axis] 5 01/04/2013 to 31/03/2014 Disclosure of directors and remuneration to directors [Abstract] Disclosure of directors and remuneration to directors [LineItems] SAURAV BANERJEE 06719699 20/08/1976 Director Chartered Accountant [shares] 0 Name of director Director identification number of director Date of birth of director Designation of director Qualification of director Shares held by director Director remuneration [Abstract] Salary to director [Abstract] Total salary to director Total director remuneration 0 0 Textual information (10) Qualification of director Mrs.NDTV ETHNIC RETAIL LIMITED Standalone Statement of Profit & Loss for period 01/04/2013 to 31/03/2014 Disclosure of directors and remuneration to directors [Table] .