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Annual Report 2011-12 142 Changes in the fair value of plan assets are as follows: As at (` in lacs) As at 31 March, 2012 31 March, 2011 Fair value of plan assets in the beginning of the year 1,174.45 1,191.35 Expected return plan assets 93.96 101.21 Contributions by employer 180.73 107.25 Benefits paid (109.68) (169.37) Actuarial gain/ (losses) on plan assets 4.00 (55.99) Fair value of plan assets at the end of the year. 1,343.46 1,174.45 The major categories of plan assets as a percentage of the fair value of total plan assets are as follows: As at (` in lacs) As at 31 March, 2012 31 March, 2011 Investments in Unit Linked Plan 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. There has been significant change in expected rate of return on assets due to the improved stock market scenario. The principal assumptions used in determining gratuity obligations for the HT Media Group’s plans are shown below: (` in lacs) As at As at 31 March, 2012 31 March, 2011 Discount rate 6.5% - 8.6% 6.5% - 7.8% Expected rate of return on plan assets Employee turnover 7.5 % - 10% 7.5 % & 10% upto 30 years 3% & 8% 3% & 8% From 31 to 44 years 2% & 7% 2% & 7% Above 44 years 1% & 0% 1% & 0% The disclosure of the amount required by paragraph 120 (n) of AS-15 is not to be given for the FY 2007-08 as the Group has adopted the standard with effect from financial year 2008-09 (` in lacs) 2011-12 2010-11 2009-10 2008-09 Defined Benefit Obligation 1,980.35 1,660.61 1,468.16 1271.40 Plan Assets 1,343.46 1,174.45 1,191.35 875.89 Deficit (636.89) (486.16) (276.81) (395.51) Experience Adjustment on Plan Liabilities- (Gain)/Loss 5.16 3.83 (253.82) 84.28 Experience Adjustment on Plan Assets- (Gain)/Loss (1.75) (73.92) (137.65) (119.58) (` in lacs) Recognised under 2011-12 2010-11 Long Term Provisions 386.34 223.38 Short Term Provisions 250.55 262.78 (` in lacs) Defined Contribution Plan: 2011-12 2010-11 Contribution to Provident Fund and others 1,411.97 1,284.12
42. Names of Related Parties Holding Company of Parent Company The Hindustan Times Limited Parties for whom two subsidiaries are associates Burda Druck GmbH Velti Inc. MT Education Services Private Limited Fellow Subsidiaries (whether transactions with them have occurred or not) Shradhanjali Investment & Trading Co. Limited HTL Investment and Trading Company Limited HT Interactive Media Properties Limited Go4i.com (Mauritius) Limited Go4i.com (India) Private Limited HT Films Limited White Tide Amusement Limited Joint Venture India Education Services Private Limited(IESPL) Group companies where common control exists (whether transactions with them have occurred or not) Paxton Trexim Private Limited TVM Limited Duke Commerce Limited HT Media Limited Key Management Personnel Smt. Shobhana Bhartia (Chairperson & Editorial Director of Parent Company) Mr. Shamit Bhartia (Whole time Director of the Parent Company and Subsidiary Company) Mr. Priyavrat Bhartia (Whole time Director of the Parent Company) Mr. Rajiv Verma ( Whole Time Director of the Parent Company and Chief Executive Officer) Mr. Benoy Roychowdhury (Whole time Director of a Subsidiary Company w.e.f Feb 23,2010 ) Enterprises owned or significantly influenced by Key Management Personnel or their relatives and with whom transactions have taken place during the year * For sake of brevity, companies which are already considered above have not been included here Related Party Transactions during the year are under:- Transactions during the year ended Holding Company Parties for whom subsidiaries are associates 31 March, 2012 31 March, 2011 31 March, 2012 31 March, 2011 Jubilant Food Works Ltd Britex (India) Limited Udit (India) Limited Usha Flowell Limited The Birla Cotton Spinning & Weaving Mills Limited Goldmerry Investment & Trading Company Limited Earthstone Holding Private Limited Earthstone Holding (One) Private Limited Earthstone Holding (Two) Private Limited Earthstone Holding (Three) Private Limited Shine Foundation Priyavrat Traders Billigiri Rangan Coffee Estate Kumaon Orchards Fellow Subsidiaries# Joint Venture Key Management personnel 31 March, 2012 31 March, 2011 31 March, 2012 31 March, 2011 31 March, 2012 31 March, 2011 Enterprises owned or significantly influenced by key management personnel or their relatives 31 March, 2012 31 March, 2011 31 March, 2012 (` in lacs) Total REVENUE TRANSACTIONS Sale of goods Job Revenue - - - - - - - - - - - - - - HT Learning Centers Ltd# - - - - - 0.14 - - - - - - - 0.14 Burda Druck GmbH - - 88.92 102.43 - - - - - - - - 88.92 102.43 Jubilant Food Works Ltd Cash Discount - - - - - - - - - - 162.17 215.23 162.17 215.23 Burda Druck GmbH - - - 107.40 - - - - - - - - - 107.40 31 March, 2011 143
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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
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HT Media Limited 1. Overdraft facil
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12A. INTANGIBLE ASSETS (` in lacs)
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Particulars As at 31 March, 2012 3.
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Particulars As at 31 March, 2012 HT
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Particulars As at 31 March, 2012 HT
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19. CASH AND BANK BALANCES HT Media
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25. (INCREASE) / DECREASE IN INVENT
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31. Contingent Liabilities a. Durin
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33. In terms of the Scheme of Arran
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Plan B HT Media Limited Particulars
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HT Media Limited Weighted average f
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Amount recognized in the statement
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Proportion of Company’s interest
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Related Party Transactions during t
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Transactions during the year ended
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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 and 112: (e) Details of shareholders holding
Page 113 and 114: Particulars As at 31 March, 2012 HT
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: HT Media Limited The estimated fair
Page 147 and 148: Transactions during the year ended
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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