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Annual Report 2011-12 5. Minority Interest 110 Particulars As at 31 March, 2012 (` in lacs) As at 31 March, 2011 a) Minority Interest in Equity of Hindustan Media Ventures Limited (HMVL) 169.21 lacs Equity Shares (Previous year 169.21 lacs equity shares) of `10/- each fully paid. 1,692.09 1,692.09 b) Minority Interest in Non - Equity of HMVL Minority Interest in Profit and Loss Account Balance Share of Profit brought forward 1,563.33 17.09 Share of Profit of the current year [Includes minority interest in dividend proposed by HMVL -`203.06 lacs (Previous Year- `169.21 lacs)] 1,506.62 1,235.60 Adjustment on account of shares issued to Minority Shareholders of HMVL during the period - 338.09 Minority interest in dividend tax on dividend proposed by HMVL (32.94) (27.45) Dividend paid to Minority Shareholders (169.21) - Share of other Reserves and Surplus 2,867.80 1,563.33 - Share Premium 5,588.33 5,588.33 - Capital Reserve 54.87 54.87 10,203.09 8,898.62 c) Minority Interest in Equity of HT Music and Entertainment Company Limited(HTMECL) Nil Equity Shares (Previous year 25.00 lacs equity shares) of `1/-each fully paid. - 25.00 d) Minority Interest in Non - Equity of HTMECL Share of (Loss) brought forward (1.68) (1,530.50) Share of (Loss) of the current year - (4.08) Adjustment related to demerger of the Radio Division into the Company in an earlier year - 1,532.90 Minority Interest bought during the year (refer note 44) 1.68 - - 23.32 e) Minority Interest in Equity of HT Burda Media Limited (HTBM) 494.90 lacs Equity Shares (Previous year 494.90 lacs equity shares) of `10/- each fully paid. 4,949.00 4,949.00 f) Minority Interest in Non - Equity of HTBM Share of (Loss) brought forward (1,000.99) (301.05) Share of (Loss) of the current year (687.49) (699.94) 3,260.52 3,948.01 g) Minority Interest in Equity of HT Mobile Solutions Limited (HTMS) 24.60 lacs Equity Shares of `10/- each fully paid (Previous year 21.80 lacs equity shares) 246.00 218.00 h) Minority Interest in Non - Equity of HTMS Share of (Loss) brought forward (100.07) (59.22) Share of (Loss) of the current year (42.68) (40.85) 103.25 117.93 i) Minority Interest in Equity of HT Learning Centers Limited (HTLCL) 33.00 lacs Equity Shares of `10/- each fully paid. (Also refer note 44) Minority interest on account of consolidation of HT Education Limited 330.00 -
Particulars As at 31 March, 2012 HT Media Limited (` in lacs) As at 31 March, 2011 j) Minority Interest in Non - Equity of HTLCL Share of (Loss) brought forward - - Share of (Loss) of the current year (174.27) - Minority Interest on account of consolidation of HTLCL (119.08) - 36.65 - Minority Interest in Equity of Subsidiaries 7,217.09 6,884.09 Minority Interest in Non - Equity of Subsidiaries - Share of Profit / (Loss) brought forward 460.59 (1,873.68) - Share of Profit / (Loss) of the current year 603.86 490.73 Dividend paid to Minority Shareholders (169.21) Adjustment related to demerger of the Radio Division into the Company in an earlier year - 1,532.90 Minority Interest in dividend tax on dividend proposed by Hindustan Media Ventures Limited (32.94) (27.45) Adjustment on account of shares issued to Minority Shareholders of Hindustan Media Venture Limited during the previous year - 338.09 Minority Interest on account of consolidation of HTLCL (Also refer note 44) Share of other Reserves and Surplus (119.08) - - Share Premium 5,588.33 5,588.33 - Capital Reserve 54.87 54.87 13,603.51 12,987.88 6. LONG-TERM BORROWINGS Particulars Company and its subsidiaries As at 31 March, 2012 Secured Loan (` in lacs) Joint Venture Total Total As at 31 March, 2012 As at 31 March, 2012 As at 31 March, 2011 Term Loan from HDFC Bank 1,875.00 - 1,875.00 3,375.00 External Commercial Borrowing from Standard Chartered Bank 5,245.89 - 5,245.89 6,897.51 TOTAL 7,120.89 - 7,120.89 10,272.51 1. Term loan from HDFC Bank carries interest @ PLR minus 7.75% p.a. (Rate of Interest was linked to PLR for the first 2 years from the date of first drawdown. Thereafter, the interest is reset by the bank on annual basis). The loan is repayable in 20 quarterly installments of `375.00 lacs each along with interest, from the date of disbursement, on 08th June, 2009 and 19th June, 2009. The loan is secured by first pari passu charge on all movable fixed assets of the HT Media Limited along with Term Lenders (except assets financed out of the ECB from Standard Chartered Bank) and first pari passu charge by way of equitable mortgage of immovable properties belonging to the HT Media Limited situated at Greater Noida (Plot No. 8, Udyog Vihar, Greater Noida, Gautam Budh Nagar, 201306). The loan is further secured by equitable mortgage by deposit of title deeds of immovable properties situated at Noida (B-02, Sector 63, Noida 201307) and Mohali (C-164/165 Phase VIII-B Industrial Focal Point, Mohali 160059). The loan is also secured by second charge on the current assets of the HT Media Limited. 2. External Commercial borrowing from Standard Chartered Bank carries interest @ 6 months USD Libor + 1.20% spread p.a. payable semi annually.The loan is repayable in 3 annual installments of USD 5,155,670 each , after 4 years from the date of first drawdown, viz., 8 April, 2008 i.e. at the end of 4th,5th and 6th year. The total tenor of the loan shall not exceed 6 years from date of first drawdown The loan is secured by way of first and specific charge over certain movable plant and machinery of the HT Media Limited, i.e: - One Man Roland Off-Set Rotation Printing Press type - Regioman - 2009, - Muller Martini Martini Mail Room System - 2009 stored or to be stored at HT Media Limited godowns or premises or wherever else the same may be. 111
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HT Media Limited Annual Report 2011
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Contents Staying ahead. Consistentl
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18.4% Revenue CAGR FY 05 - FY 12 29
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14 Cities Hindustan Times 19Edition
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Shine.com India’s leading job por
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10 Shine.com is India’s leading j
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12 Times are tough, but, as always,
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14 On HT Media's performance in FY
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Management Discussion & Analysis OV
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literacy leading to increased reade
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tremendous growth in clients served
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The highlights of consolidated fina
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During the year, the Company carrie
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Financial Year 1st��
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AUDITORS’ REPORT To The Members o
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tax, customs duty, excise duty and
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STATEMENT OF PROFIT AND LOSS FOR TH
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HT Media Limited Particulars 31 Mar
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In respect of fixed assets (Plant &
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Sale of News & Publications, Waste
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t) Segment Reporting Policies Ident
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(e) Details of shareholders holding
Page 61 and 62: HT Media Limited 1. Overdraft facil
Page 63 and 64: 12A. INTANGIBLE ASSETS (` in lacs)
Page 65 and 66: Particulars As at 31 March, 2012 3.
Page 67 and 68: Particulars As at 31 March, 2012 HT
Page 71 and 72: 19. CASH AND BANK BALANCES HT Media
Page 73 and 74: 25. (INCREASE) / DECREASE IN INVENT
Page 75 and 76: 31. Contingent Liabilities a. Durin
Page 77 and 78: 33. In terms of the Scheme of Arran
Page 79 and 80: Plan B HT Media Limited Particulars
Page 81 and 82: HT Media Limited Weighted average f
Page 83 and 84: Amount recognized in the statement
Page 85 and 86: Proportion of Company’s interest
Page 87 and 88: Related Party Transactions during t
Page 89 and 90: Transactions during the year ended
Page 93 and 94: HT Media Limited 40. Details of loa
Page 95 and 96: HT Media Limited 43. Based on the i
Page 97 and 98: AUDITORS’ REPORT To The Board of
Page 99 and 100: HT Media Limited CONSOLIDATED STATE
Page 101 and 102: Particulars For the year ended 31 M
Page 103 and 104: ) Use of estimates The preparation
Page 105 and 106: value of the leased property and pr
Page 107 and 108: differences on such contracts are r
Page 109 and 110: HT Media Limited w) Measurement of
Page 111: (e) Details of shareholders holding
Page 115 and 116: 10. SHORT-TERM BORROWINGS Particula
Page 117 and 118: 13. TANGIBLE ASSETS AND INTANGIBLE
Page 119 and 120: 14. NON CURRENT INVESTMENTS Particu
Page 123 and 124: 18. CURRENT INVESTMENTS Particulars
Page 127 and 128: 19. INVENTORIES (valued at lower of
Page 129 and 130: 23. OTHER CURRENT ASSETS Particular
Page 131 and 132: 27. (INCREASE) / DECREASE IN INVENT
Page 133 and 134: 30. DEPRECIATION & AMORTISATION Par
Page 135 and 136: HT Media Limited 34. Segment Inform
Page 137 and 138: HT Media Limited 35. During the yea
Page 139 and 140: HT Media Limited The details of act
Page 141 and 142: A. Details of Options granted as on
Page 143 and 144: HT Media Limited The estimated fair
Page 145 and 146: 42. Names of Related Parties Holdin
Page 149 and 150: HT Media Limited The above Goodwill
Page 151 and 152: As per our report of even date For
Page 153 and 154: STATEMENT PURSUANT TO SECTION 212 O
Page 156: HT Media Limited Hindustan Times Ho
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