Download latest annual report - HT Media

Proportion of Company’s interest in Joint Venture Company MMCPL:-
HT Media Limited
Particulars As at
(` in lacs)
As at
Assets
31 March, 2012 31 March, 2011
Fixed assets (net block) - 51.88
Deferred tax assets (net) - 392.34
Inventories - 0.08
Trade Receivables - 84.36
Cash and bank balances - 72.95
Other current assets - 10.99
Loans and advances
Liabilities
- 3.70
Current liabilities - 256.78
Provisions - -
Particulars As at
(` in lacs)
As at
Income
31 March, 2012 31 March, 2011
Turnover - -
Other Income
Expenses
- 0.03
Raw materials consumed - 0.16
Personnel expenses - -
Operating and other expenses - 1.26
Depreciation - 15.64
Contingent liabilities - -
Capital Commitment - -
b) During the year, the Company has entered into an agreement with Apollo Global Singapore Holdings Pte. Ltd., part of
Apollo Group, Inc. (U.S.A.), to participate in a 50:50 joint venture company which is intended to provide high quality
educational services and programs in India. For this purpose, India Education Services Private Limited (IESPL) was
incorporated as a wholly-owned subsidiary on 24th October, 2011, which later became a 50:50 joint venture w.e.f. 22nd
December, 2011 in terms of the said agreement.
The Company’s share of the assets, liabilities, income and expenses of the jointly controlled entity as at and for the year
ended March 31, 2012 are as follows-
Proportion of Company’s interest in Joint Venture Company IESPL:-
Particulars
Assets
(` in lacs)
As at
31 March, 2012
Fixed assets (net block) -
Deferred tax assets (net) -
Inventories -
Trade Receivables -
Cash and bank balances 1,502.37
Other current assets 13.23
Loans and advances
Liabilities
6.12
Current liabilities 1.35
Provisions 10.16
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