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सी टीवी नेटवर्क

बीएसई: 533268  |  NSE: N.A  |  ISIN: INE351L01016  |  Media & Entertainment

खोजें सी टीवी नेटवर्क कनेक्शन मार्च 14
लेखांकन नीति साल : मार्च '15
1.1 Basis of preparation of financial statements
 
 These financial statements have been prepared in accordance with Indian
 Generally Accepted Accounting Principles (GAAP) under the historical
 cost convention on the accrual basis. GAAP comprises mandatory
 accounting standards as prescribed under section 133 of the Companies
 Act, 2013 (''the Act'') read with Rule 7 of the Companies (Accounts)
 Rules, 2014 the provisions of the Act (to the extent notified) and
 guidelines issued by the Securities and Exchange Board of India (SEBI).
 Accounting policies have been consistently applied except where a newly
 issued accounting standard is initially adopted or a revision to an
 existing accounting standard requires a change in accounting policy
 hitherto in use.
 
 1.2 Use of Estimates
 
 The preparation of financial statements in conformity with GAAP
 requires the Management to make estimates and assumptions that affect
 the reported balances of assets and liabilities and disclosures
 relating to contingent liabilities as at the date of the financial
 statements and reported amounts of income and expenses during the
 period. Examples of such estimates include provision for doubtful
 debts; future obligations under employees retirement benefit plans,
 income taxes, post sales customer support and the useful lives of
 fixed tangible and intangible assets. Although these estimates are
 based on the management''s best knowledge of current events and actions,
 uncertainty about these assumptions and estimates could results in the
 outcomes requiring a material adjustment to the carrying amounts of
 assets, liabilities, revenue and expenses in future periods. Changes
 in estimates are reflected in the financial statements in the period in
 which changes are made and if material, their effects are disclosed in
 notes to accounts.
 
 1.3 Revenue recognition
 
 Revenue is primarily derived from carriage fee, time and space selling
 and income from LCO. Revenue is recognized as the related services are
 performed/ provided to the clients.
 
 The Company presents revenues net of indirect taxes in its statement of
 Profit and Loss.
 
 Profit from sale of investments is recorded on transfer of title from
 the Company and is determined as the difference between the sale price
 and carrying cost of the investment.
 
 Lease rentals are recognized rateably on a straight-line basis over the
 lease term.
 
 Interest is recognized using the time-proportion method, based on rates
 implicit in the transaction.
 
 Dividend income is recognized when the Company''s right to receive
 dividend is established.
 
 1.4 Provisions and contingent liabilities
 
 A provision is recognized if, as a result of a past event, the Company
 has a present legal obligation that is reasonably estimable, and it is
 probable that an outflow of economic benefits will be required to
 settle the obligation. Provisions are determined by the best estimate
 of the outflow of economic benefits requires to settle the obligation
 at the reporting date. Where no reliable estimate can be made, a
 disclosure is made as contingent liability. A disclosure for a
 contingent liability is also made when there is a possible obligation
 or a present obligation that may, but probably will not, require an
 outflow of resources. Where there is a possible obligation or a
 present obligation in respect of which the likelihood of outflow of
 resources is remote, no provision or disclosure is made.
 
 1.5 Tangible assets and capital work-in-progress
 
 Tangible assets are stated at cost, less accumulated depreciation and
 impairment, if any. Direct costs are capitalized until such assets are
 ready for use. Capital work-in-progress comprises the cost of fixed
 assets that are not yet ready for their intended use at the reporting
 date.
 
 1.6 Intangible assets
 
 Intangible assets are recorded at the consideration paid for
 acquisition of such assets and are carried at cost less accumulated
 amortization and impairment.
 
 1.7 Depreciation and amortization
 
 Depreciation on tangible assets is provided on the straight-line method
 over the useful lives of assets as per schedule II of the companies
 Act, 2013 except in case of set top boxes useful lives as estimated by
 the management. Depreciation for assets purchased/ sold during the
 period is proportionately charged. The Management estimates the useful
 lives for the fixed assets as follows:
 
 - For these classes of assets, based on manufacturer''s technical
 evaluation, the management believes that the useful lives as given
 above represent the period over which the management expects to use
 these assets. Hence the useful lives for these assets is different from
 the useful lives as prescribed under part C of Schedule II of the
 Companies Act, 2013
 
 Intangible assets are amortized over their respective individual
 estimated useful lives on a straight-line basis commencing from the
 date of assets is available to the company for its use.
 
 1.8 Impairment
 
 The management periodically assesses, using external and internal
 sources, whether there is an indication that an assets may be impaired.
 If any indications exist, the recoverable amount is estimated. An
 impairment loss is recognized wherever the carrying amount of an
 asset exceeds its recoverable amount.
 
 1.9 Retirement benefits to employees Gratuity
 
 The employees'' gratuity scheme is a Defined Benefit Plan (DBP). The
 present value of obligation is determined based on actuarial
 valuation using the Projected Unit Credit Method on the balance sheet
 date, which recognizes each period of service as giving rise to
 additional unit of employee benefit entitlement and measures each unit
 separately to build up the final obligation. The Company recognizes the
 net liability of the gratuity in the Balance sheet and expenses in
 statement of Profit and Loss in accordance with Accounting Standard
 (AS) 15, Employee Benefits.
 
 Provident Fund
 
 Eligible employees receive benefits from a provident fund, which is a
 defined benefit plan. Both the employee and the Company make monthly
 contributions to the provident fund equal to a specified percentage of
 salary.
 
 Leave encashment
 
 The obligation for leave encashment is provided on the basis of earned
 leave standing to the credit of the employees. The present value of
 obligation is determined based on actuarial valuation using the
 Projected Unit Credit Method on the balance sheet date, which
 recognizes each period of service as giving rise to additional unit of
 employee benefit entitlement and measures each unit separately to build
 up the final obligation. The Company recognizes the net liability of
 the leave encashment in the Balance sheet and expenses in statement
 of Profit and Loss in accordance with Accounting Standard (AS) 15,
 Employee Benefits
 
 1.10 Foreign Currency Transactions
 
 Foreign currency transactions are recorded in the reporting currency,
 by applying to the foreign currency amount the exchange rate between
 the reporting currency and the foreign currency at the date of transac-
 tion.
 
 Foreign currency denominated non-monetary liabilities is translated at
 exchange rates in effect at the Balance Sheet Date. The gains or losses
 resulting from such transactions are included in the respective assets.
 
 Revenue, expenses and cash flow items denominated in foreign currencies
 are translated using the exchange rate in effect on the date of the
 transactions. Transaction gains or losses realized upon settlement of
 foreign currency transactions are included in determining net profit
 for the period in which the transaction is settled.
 
 1.11 Taxes on income 
 
 a) Current tax
 
 i) Current income tax is measured at the amount expected to be paid to
 taxation authorities in accordance with the Income Tax Act, 1961
 enacted in India by using tax rates and the tax laws that are enacted
 at the reporting date after considering tax allowances and exemptions.
 Provisions are recorded when it is estimated that a liability due to
 disallowances or other matters is probable.
 
 ii) Minimum Alternate Tax (MAT) paid in accordance with the tax laws,
 which gives rise to future economic benefits in the form of tax
 credit against future income tax liability, is recognised as an asset
 in the Balance Sheet if there is convincing evidence that the Company
 will pay normal tax after certain period and the resultant asset can be
 measured reliably.
 
 b) Deferred tax
 
 The differences that result between the profit considered for income
 taxes and the profit as per the financial statements are identified,
 and thereafter a deferred tax asset or deferred tax liability is
 recorded for timing differences, namely the differences that originate
 in one accounting period and reversed in another, based on the tax
 effect of the aggregate amount of timing difference. The tax effect is
 calculated on the timing differences at the end of the an accounting
 period based on enacted or substantively enacted regulations. Deferred
 tax assets in situation where unabsorbed depreciation and carry forward
 business loss exists, are recognized only if there is virtual certainty
 supported by convincing evidence that sufficient future taxable
 income will be available against which such deferred tax asset can be
 realized.  Deferred tax assets, other than in situation of unabsorbed
 depreciation and carry forward business loss, are recognized only if
 there is reasonable certainty that they will be realized. Deferred tax
 assets are reviewed for the appropriateness of their respective
 carrying values at each reporting date. Deferred tax assets and
 deferred tax liabilities have been offset as they relate to income
 taxes levied by the same taxation authority.
 
 1.12 Earnings per share
 
 Basic earnings per share is computed by dividing the net profit after
 tax by the weighted average number of equity shares outstanding
 during the period, Diluted earnings per share is computed by dividing
 the profit after tax by the weighted average number of equity shares
 considered for deriving basic earnings per share and also the
 weighted average number of equity shares that could have been issued
 upon conversion of all diluted potential equity shares. The diluted
 potential equity shares are adjusted for the proceeds receivable had
 the shares been actually issued at fair value which is the average
 market value of the outstanding shares.
 
 1.13 Investments
 
 Trade investments are the investments made to enhance the Company''s
 business interest. Investments are either classified as current or
 non-current based on Management''s intention. Current investments are
 carried at the lower of cost and fair value of each investment
 individually. Long term investments are carried at cost less
 provisions recorded to recognize any decline, other than temporary, in
 the carrying value of each investment.
 
 1.14 Cash and cash equivalents
 
 Cash and cash equivalents comprise cash and cash on deposit with banks.
 The Company considers all highly liquid investments with remaining
 maturity at the date of purchase of three months or less and that they
 are readily convertible to known amounts of cash to be cash
 equivalents.
 
 1.15 Cash flow Statement
 
 Cash flows are reported using the indirect method, whereby profit
 before tax is adjusted for the effects of transactions of a non-cash
 nature, any deferrals or accruals of past or future operating cash
 receipts or payments and item of income or expenses associated with
 investing or financing cash flows. The cash flows from operating,
 investing and financing activities of the Company are segregated.
 
 1.16 Leases
 
 Lease under which the company assumes substantially all the risks and
 rewards of ownership are classified as finance leases. Such assets
 acquired are capitalized at fair value of the asset or present value of
 the minimum lease payments at the inception of the lease, whichever is
 lower. Lease payments under operating leases are recognized as an
 expense on a straight-line basis in the Statement of Profit and Loss
 over the lease term.
 
 1.17 Borrowing costs
 
 Borrowing cost includes interest and ancillary costs incurred in
 connection with the arrangement of borrowings. Borrowing costs
 directly attributable to the acquisition, construction or production of
 an asset that necessarily takes a substantial period of time to get
 ready for its intended use or sale are capitalised as part of the cost
 of respective asset. All other borrowing costs are recognised as
 expenses in the period in which they occur.
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `4716 Cr की खरीदारी की
  • MARKET CUES : DIIs ने कैश में `2841 Cr की खरीदारी की
  • MARKET CUES : FIIs ने F&O में `926 Cr की बिकवाली की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `189 Cr की खरीदारी
  • MARKET CUES : इंडेक्स ऑप्शंस में `483 Cr की खरीदारी
  • MARKET CUES : स्टॉक फ्यूचर्स में `1413 Cr की बिकवाली
  • MARKET CUES : स्टॉक ऑप्शंस में `186 Cr की बिकवाली
  • JEFFERIES ON NTPC : BUY रेटिंग, लक्ष्य `125/Sh
  • JEFFERIES ON POWER GRID : HOLD रेटिंग, लक्ष्य `160/Sh
  • CLSA ON TORRENT PHARMA : Outperform रेटिंग, लक्ष्य बढ़ाकर `2,920/Sh

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