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पिरामिड साइमिरा थियेटर

बीएसई: 532791  |  NSE: PSTL  |  ISIN: INE165H01018  |  Media & Entertainment

खोजें पिरामिड साइमिरा थियेटर कनेक्शन मार्च 08
लेखांकन नीति साल : जून '09
Preparation of financial statements in accordance with Indian generally
 accepted accounting principles, the applicable accounting standards
 issued by the Institute of Chartered Accountants of India and the
 relevant provisions of the Companies Act, require our management to
 make judgments, estimates and assumptions regarding uncertainties that
 affect the reported amounts of our assets and liabilities, disclosures
 of contingent liabilities and the reported amounts of revenues and
 expenses. Certain of our accounting policies are particularly important
 to the portrayal of our financial position and results of operations
 and require the application of significant assumptions and estimates of
 our management. While we believe that all aspects of our financial
 statements should be studied and understood in assessing our current
 and expected financial condition and results, the following significant
 accounting policies warrant additional attention:


The financial statements are prepared under the historical cost convention and are in accordance with applicable mandatory Accounting Standards issued by the Institute of Chartered Accountants of India and the provisions of the Companies Act, 1956.

Income and Expenses are accounted on accrual basis

Revenue Recognition

As per Accounting Standarad-9 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. Amount of entertainment tax, sales tax collected on generating operating revenue has been shown as a reduction from the operating revenue or where the screens were on show hire, revenue is recognized only net of taxes.

Sale of Tickets of Films

Revenue from sale of tickets of films is recognised as and when the film is exhibited. The revenue is credited net of tax. Where the COMPANY itself exhibits the film in its own theatres, then exhibitors share of the film is taken as revenue from exhibition.

Sale of Food and Beverages

Revenue from sale of food and beverages is recognised upon passage of title to customers which coincides with their delivery. Sharing of Revenue

Income from Revenue Sharing is recognised in accordance with the terms of agreement with a party to operate and manage.

Advertisement Revenue

Advertisement revenue is recognised as and when advertisement is displayed at the cinema halls.

Fixed Assets

As per Accounting Standard-10 (Fixed Assets) with reference to Accounting Standard-6 (Depreciation Accounting) and Accounting Standard- 28 (Impairment of Assets) Fixed Assets are stated at Cost less accumulated depreciation and impairment losses, if any. Cost comprises the purchase price and any directly attributable cost of bringing the asset in its working condition for its intended use. As per Accounting Standarad-16 (Borrowing Costs) Financing costs relating to acquisition of qualifying Fixed Assets are also included to the extent they relate to the period till such assets are ready for their intended use.

Impairment of Assets

As per Accounting Standard-28 (Impairment of Assets) The Company assesses at each balance sheet date whether there is any indication that any asset may be impaired. If any such indication exists, the carrying value of such assets is reduced to recoverable amount and the impairment loss is charged to profit and loss account. If at the Balance sheet date there is any deduction that a previously assessed impairment loss no longer exists then such loss is reversed and the asset is restated to that effect.


As per Accounting Standard-6 (Depreciation Accounting) Depreciation on all the fixed assets is provided on W D V Method at the rates computed based on estimated useful lives of the assets, which are equal to the corresponding rates prescribed in Schedule XIV to the Companies Act, 1956.

Leasehold improvements are amortized over the estimated useful lives or unexpired period of lease (whichever is lower) on a straight line basis.


Long Term Investments are stated at Cost. Provision for diminution in the value of long-term investments is made only if such a decline is other than temporary. Current Investments are carried at the lower of cost or quoted / fair value, computed category wise.


As per Accounting Standard-2 (Valuation of Inventories) Inventories are valued as follows:

Food (Raw Stock) and beverages are valued at lower of cost or net realizable value. Cost is determined on First in First out basis. Stores and spares are valued at lower of cost or net realizable value. Cost is determined on First in First out basis. Net realizable value is the estimated selling price in the ordinary course of business, less estimated cost to make the sale. Perishable stocks are purchased on sale or returnable basis being such Inventory is NIL.

Expenditure on project expansion

The companys main line of activity includes agglomeration of theatres across the country on a joint venture basis with the theatre owners Post acquisition of theatres , Company stress to improve the physical infrastructure and converts the theatre into digital exhibition media.

The Digital Exhibition equipment basically consist of Plant & Machinery and is converted as fixed assets of the company when the project is fully integrated. Until such time, Plant & Machinery are categorized as capital work-in-progress. Improvements in physical infrastructure is capitalized and amortised over the active period of agreement. As regards indirect expenditure, till the company has started generating revenue from the exhibition side the expenditure is being capitalized, under Capital work-in-progress and the expenditure subsequent to the date of generation of revenue is treated as deferred revenue expenditure and is amortised over the period of agreement on pro rata basis.


Borrowing Costs that are attributable to the acquisition or construction of qualifying assets are capitalized as part of the cost of such assets. A qualifying asset is one that takes necessarily substantial period of time to get ready for its intended use. All other borrowing costs are charged to revenue.

Foreign Currency Transaction

Investments Foreign Currency Transactions are recorded at the exchange rates revailing on the date of transactions.

Monetary Assets and Monetary Liabilities relating to foreign exchange transactions remaining unsettled at the end of the year are translated at the prevailing year end rates and the resultant gain or loss is dealt with in the Profit and Loss Account.

Provisions. Contingent Liabilities and Contingent Assets

Provisions involving substantial degree of estimation in measurement are recognized when there is present obligation as a result of past events and it is probable that there will be an outflow of resources. A disclosure is made for possible or present obligations that may but probably will not require outflow of resources or where a reliable estimate cannot be made, as a contingent liability in the financial statements.

Earnings Per Share

Basic earnings per share is calculated by dividing the net profit or loss for the period attributable to equity shareholders by the weighted average number of equity shares outstanding for the period.

For the purpose of calculating diluted earnings per share, the net profit or loss for the period attributable to equity shareholders and the weighted average number of shares outstanding during the period are adjusted for the effects of all dilutive potential equity shares.


Current tax provision is made in accordance with Income Tax Laws and Rules prevailing at the time of relevant Assessment Year.

Deferred Tax provision is made on the basis of timing difference arising on account of income/expenses between the regular books as against memo of income computed for Income tax purposes.

Provision for fringe benefit tax has been made on the basis of the harmonious contextual interpretation of the provisions of the Income Tax Act, 1961.

Employee Benefits

a) Short Term Employee Benefit obligations are estimated and provided for.

b) Post Employment Benefits and other long term employee benefits: Defined Contribution Plans:

Companys contribution to provident fund, superannuation fund, employee state insurance and other funds are determined under the relevant schemes and/or statue and charged to revenue. Defined benefit plans and compensated absences:

Companys liability towards gratuity, other retirement benefits and compensated absences are recognized at the present value of the amount payable determined using actuarial valuation techniques. Actuarial Gains and losses in respect of post employment and other long term benefits are charged to the Profit and Loss Account.

Amortisation of Deferred Expenditure

Expenditure incurred on issue of shares are amortised over a period of 5 years and on debentures/raising loans is amortised over the period of such borrowings:

स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `1565.62 Cr की बिकवाली की
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  • MARKET CUES : स्टॉक फ्यूचर्स में `1417.84 Cr की बिकवाली
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  • ENTERS IN F&O BAN : Sun TV, Canara Bk के F&O में नई पोजीशन पर रोक
  • ENTERS IN F&O BAN : Mindtree के F&O में नई पोजीशन पर रोक
  • STILL IN F&O BAN : Escorts, Equitas F&O बैन में बरकरार

अभी देखें

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(August 06, 2018)

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