Mar 31, 2015
1.1 Accounting Convention
I) The financial statements have been prepared under the historical
cost convention (except for certain fixed assets, which have been
revalued) in accordance with the generally accepted accounting
principles, read with what is stated herein below, as adopted
consistently by the company.
ii) The company generally follows mercantile system of accounting and
recognises significant items of income and expenditure on accrual
basis.
1.2 Revenue Recognition
i) Advertisements income is recognised when the related advertisement
or commercial appears before the public i.e. on telecast.
ii) Time Slot and the other related income is recognised on availment
of the respective time slot.
iii) Revenue in respect of Internet Services is recognised for both
limited and unlimited number of usage hours proportionately within the
period prescribed under the respective scheme.
iv) For other services such as Uplinking and video production, revenue
is recognised when the service is rendered.
1.3 Fixed Assets
Fixed Assets are stated at cost, adjusted by revaluation in case of
certain land and buildings.
1.4 Depreciation / Amortisation
i) Depreciation on Fixed Assets (including revalued assets) is
provided on the basis of method as specified in Schedule II of
Companies Act, 2013. The value of leasehold land is amortised over the
period of the lease. Intangible Assets: Specialized Programme Software
(Library) is amortised over the estimated useful life of the asset
i.e. 10 years.
ii) Where the recoverable amount of fixed assets is lower than its
carrying amount, a provision is made for the impairment loss. Post
impairment, depreciation is provided on revised carrying value of the
asset over its remaining useful life. The impairment loss recognised
in prior accounting period is reversed if there has been a change in
the estimate of recoverable amount.
1.5 Treatment of Expenditure during Preoperative period
Expenditure during pre-operative period is allocated to the respective
assets on completion of such erection / installation. Direct expenses
as well as identifiable indirect expense, incurred on project during
the period of erection / installation are capitalised along with the
respective assets.
1.6 Borrowing Costs
Borrowing costs attributable to acquisition and construction of
qualifying assets are capitalised as a part of the cost of such asset
upto the date when such asset is ready for its intended use. Other
borrowing costs are charged to Profit and Loss Account.
1.7 Investments
Long Term Investments are stated at cost. When there is a decline in
the value of any investment, which is not considered temporary, then
the same is provided for by reducing the value of the investment and
charging the same to the Profit & Loss Account.
1.8 Inventories
Inventories (Compact Disc/ Cassettes/feature films) are valued at
lower of the cost and net realisable value.
1.9 Foreign Currency Transaction
Foreign currency transactions are recorded at the rate of exchange in
force at the date of transactions. Foreign currency monetary assets
and liabilities are converted at the exchange rates prevailing at the
year end. The increase/decrease of liabilities arising in respect of
fixed assets acquired from country outside India is adjusted to the
cost of fixed assets and in respect of others is charged to revenue
account.
1.10 Retirement Benefits
Provisions for gratuity and leave encashment liability are provided on
accrual basis as determined on actuarial valuation.
1.11 Provision for Tax
(i) Provision is made for current income tax, estimated to arise on
the results for the year, in accordance with the Income Tax Act, 1961.
(ii) Deferred tax Assets and liabilities arising on account of timing
differences, which are capable of reversal in subsequent periods are
recognised using the tax rates and tax laws that have been enacted or
substantially enacted on the balance sheet date. The deferred tax
assets is recognised and carried forward only to the extent that there
is a reasonable/virtual certainty that sufficient taxable profit will
be available against which such deferred tax assets can be realised.
1.12 Provision, Contingent Liability and Contingent Assets
(I) Provision involving substantial degree of estimation in
measurement is recognized when there is a present obligation as a
result of past event and is probable that there will be an outflow of
resources.
(ii) Contingent liabilities are not recognized but are disclosed in
the notes. Contingent assets are neither recognized nor disclosed in
the financial statements.
Mar 31, 2014
1.1 Accounting Convention
I) The financial statements have been prepared under the historical
cost convention (except for certain fixed assets, which have been
revalued) in accordance with the generally accepted accounting
principles, read with what is stated herein below, as adopted
consistently by the company.
ii) The company generally follows mercantile system of accounting and
recognises significant items of income and expenditure on accrual
basis.
1.2 Revenue Recognition
i) Advertisements income is recognised when the related advertisement
or commercial appears before the public i.e. on telecast.
ii) Time Slot and the other related income is recognised on availment
of the respective time slot.
iii) Revenue in respect of Internet Services is recognised for both
limited and unlimited number of usage hours proportionately within the
period prescribed under the respective scheme.
iv) For other services such as Uplinking and video production, revenue
is recognised when the service is rendered.
1.3 Fixed Assets
Fixed Assets are stated at cost, adjusted by revaluation in case of
certain land and buildings.
1.4 Depreciation / Amortisation
i) Depreciation on Fixed Assets (including revalued assets) is provided
on straight-line method at the rates and in the manner specified in
schedule XIV to the Companies Act, 1956. The value of leasehold land is
amortised over the period of the lease. Intangible Assets: Specialized
Programme Software (Library) is amortised over the estimated useful
life of the asset i.e. 10 years.
ii) Where the recoverable amount of fixed assets is lower than its
carrying amount, a provision is made for the impairment loss. Post
impairment, depreciation is provided on revised carrying value of the
asset over its remaining useful life.
1.5 Treatment of Expenditure during Preoperative period
Expenditure during pre-operative period is allocated to the respective
assets on completion of such erection / installation. Direct expenses
as well as identifiable indirect expense, incurred on project during
the period of erection / installation are capitalised along with the
respective assets.
1.6 Borrowing Costs
Borrowing costs attributable to acquisition and construction of
qualifying assets are capitalised as a part of the cost of such asset
upto the date when such asset is ready for its intended use. Other
borrowing costs are charged to Profit and Loss Account.
1.7 Investments
Long Term Investments are stated at cost. When there is a decline in
the value of any investment, which is not considered temporary, then
the same is provided for by reducing the value of the investment and
charging the same to the Profit & Loss Account.
1.8 Inventories
Inventories (Compact Disc/ Cassettes/feature films) are valued at lower
of the cost and net realisable value.
1.9 Foreign Currency Transaction
Foreign currency transactions are recorded at the rate of exchange in
force at the date of transactions. Foreign currency monetary assets and
liabilities are converted at the exchange rates prevailing at the year
end. The increase/decrease of liabilities arising in respect of fixed
assets acquired from country outside India is adjusted to the cost of
fixed assets and in respect of others is charged to revenue account.
1.10 Retirement Benefits
Provisions for gratuity and leave encashment liability are provided on
accrual basis as determined on actuarial valuation.
1.11 Provision for Tax
(I) Provision is made for current income tax, estimated to arise on the
results for the year, in accordance with the Income Tax Act, 1961.
(ii) Deferred tax Assets and liabilities arising on account of timing
differences, which are capable of reversal in subsequent periods are
recognised using the tax rates and tax laws that have been enacted or
substantially enacted on the balance sheet date. The deferred tax
assets is recognised and carried forward only to the certainty that
sufficient taxable profit will be available against which such deferred
tax assets can be realised.
1.12 Provision, Contingent Liability and Contingent Assets
(I) Provision involving substantial degree of estimation in measurement
is recognized when there is a present obligation as a result of past
event and is probable that there will be an outflow of resources.
(ii) Contingent liabilities are not recognized but are disclosed in the
notes. Contingent assets are neither recognized nor disclosed in the
financial statements.
Mar 31, 2013
1.1 Accounting Convention
i) The financial statements have been prepared under the historical
cost convention (except for certain fixed assets, which have been
revalued) in accordance with the generally accepted accounting
principles, read with what is stated herein below, as adopted
consistently by the company.
ii) The company generally follows mercantile system of accounting and
recognises significant items of income and expenditure on accrual
basis.
1.2 Revenue Recognition
i) Advertisements income is recognised when the related advertisement
or commercial appears before the public i.e. on telecast.
ii) Time Slot and the other related income is recognised on availment
of the respective time slot.
iii) Revenue in respect of Internet Services is recognised for both
limited and unlimited number of usage hours proportionately within the
period prescribed under the respective scheme.
iv) For other services such as Uplinking and video production, revenue
is recognised when the service is rendered.
1.3 Fixed Assets
Fixed Assets are stated at cost, adjusted by revaluation in case of
certain land and buildings.
1.4 Depreciation / Amortisation
I) Depreciation on Fixed Assets (including revalued assets) is provided
on straight- line method at the rates and in the manner specified in
schedule XIV to the Companies Act, 1956. The value of leasehold land is
amortised over the period of the lease. Intangible Assets: Specialized
Programme Software (Library) is amortised over the estimated useful
life of the asset i.e. 10 years.
ii) Where the recoverable amount of fixed assets is lower than its
carrying amount, a provision is made for the impairment loss. Post
impairment, depreciation is provided on revised carrying value of the
asset over its remaining useful life.
1.5 Treatment of Expenditure during Pre- operative period Expenditure
during pre-operative period is allocated to the respective assets on
completion of such erection / installation. Direct expenses as well as
identifiable indirect expense, incurred on project during the period of
erection / installation are capitalised along with the respective
assets.
1.6 Borrowing Costs Borrowing costs attributable to acquisition and
construction of qualifying assets are capitalised as a part of the cost
of such asset upto the date when such asset is ready for its intended
use. Other borrowing costs are charged to Profit and Loss Account.
1.7 Investments
Long Term Investments are stated at cost. When there is a decline in
the value of any investment, which is not considered temporary, then
the same is provided for by reducing the value of the investment and
charging the same to the Profit & Loss Account.
1.8 Inventories
Inventories (Compact Disc/ Cassettes/feature films) are valued at lower
of the cost and net realisable value.
1.9 Foreign Currency Transaction
Foreign currency transactions are recorded at the rate of exchange in
force at the date of transactions. Foreign currency monetary assets and
liabilities are converted at the exchange rates prevailing at the year
end. The increase/decrease of liabilities arising in respect of fixed
assets acquired from country outside India is adjusted to the cost of
fixed assets and in respect of others is charged to revenue account.
1.10 Retirement Benefits
Provisions for gratuity and leave encashment liability are provided on
accrual basis as determined on actuarial valuation.
1.11 Provision for Tax
(i) Provision is made for current income tax, estimated to arise on the
results for the year, in accordance with the Income Tax Act, 1961.
(ii) Deferred tax Assets and liabilities arising on account of timing
differences, which are capable of reversal in subsequent periods are
recognised using the tax rates and tax laws that have been enacted or
substantially enacted on the balance sheet date. The deferred tax
assets is recognised and carried forward only to the extent that there
is a reasonable/virtual certainty that sufficient taxable profit will
be available against which such deferred tax assets can be realised.
1.12 Provision, Contingent Liability and Contingent Assets
(i) Provision involving substantial degree of estimation in measurement
is recognized when there is a present obligation as a result of past
event and is probable that there will be an outflow of resources.
(ii) Contingent liabilities are not recognized but are disclosed in the
notes. Contingent assets are neither recognized nor disclosed in the
financial statements.
Mar 31, 2012
1.1 Accounting Convention
i) The financial statements have been prepared under the historical
cost convention (except for certain fixed assets, which have been
revalued) in accordance with the generally accepted accounting
principles, read with what is stated herein below, as adopted
consistently by the company.
ii) The company generally follows mercantile system of accounting and
recognises significant items of income and expenditure on accrual
basis.
1.2 Revenue Recognition
i) Advertisements income is recognised when the related advertisement
or commercial appears before the public i.e. on telecast.
ii) Time Slot and the other related income is recognised on availment
of the respective time slot.
iii) Revenue in respect of Internet Services is recognised for both
limited and unlimited number of usage hours proportionately within the
period prescribed under the respective scheme.
iv) For other services such as Uplinking and video production, revenue
is recognised when the service is rendered.
1.3 Fixed Assets
Fixed Assets are stated at cost, adjusted by revaluation in case of
certain land and buildings.
1.4 Depreciation / Amortisation
i) Depreciation on Fixed Assets (including revalued assets) is provided
on straight-line method at the rates and in the manner specified in
schedule XIV to the Companies Act, 1956. The value of leasehold land is
amortised over the period of the lease. Intangible Assets: Specialized
Programme Software (Library) is amortised over the estimated useful
life of the asset i.e. 10 years.
ii) Where the recoverable amount of fixed assets is lower than its
carrying amount, a provision is made for the impairment loss. Post
impairment, depreciation is provided on revised carrying value of the
asset over its remaining useful life.
1.5 Treatment of Expenditure during Pre- operative period
Expenditure during pre-operative period is allocated to the respective
assets on completion of such erection / installation. Direct expenses
as well as identifiable indirect expense, incurred on project during
the period of erection / installation are capitalised along with the
respective assets.
1.6 Borrowing Costs
Borrowing costs attributable to acquisition and construction of
qualifying assets are capitalised as a part of the cost of such asset
upto the date when such asset is ready for its intended use. Other
borrowing costs are charged to Profit and Loss Account.
1.7 Investments
Long Term Investments are stated at cost. When there is a decline in
the value of any investment, which is not considered temporary, then
the same is provided for by reducing the value of the investment and
charging the same to the Profit & Loss Account.
1.8 Inventories
Inventories (Compact Disc/ Cassettes/feature films) are valued at lower
of the cost and net realisable value.
1.9 Foreign Currency Transaction
Foreign currency transactions are recorded at the rate of exchange in
force at the date of transactions. Foreign currency monetary assets and
liabilities are converted at the exchange rates prevailing at the year
end. The increase/ decrease of liabilities arising in respect of fixed
assets acquired from country outside India is adjusted to the cost of
fixed assets and in respect of others is charged to revenue account.
1.10 Retirement Benefits
Provisions for gratuity and leave encashment liability are provided on
accrual basis as determined on actuarial valuation.
1.11 Provision for Tax
(i) Provision is made for current income tax, estimated to arise on the
results for the year, in accordance with the Income Tax Act, 1961.
(ii) Deferred tax Assets and liabilities arising on account of timing
differences, which are capable of reversal in subsequent periods are
recognised using the tax rates and tax laws that have been enacted or
substantially enacted on the balance sheet date. The deferred tax
assets is recognised and carried forward only to the extent that there
is a reasonable/virtual certainty that sufficient taxable profit will
be available against which such deferred tax assets can be realised.
1.12 Provision, Contingent Liability and Contingent Assets
(i) Provision involving substantial degree of estimation in measurement
is recognized when there is a present obligation as a result of past
event and is probable that there will be an outflow of resources.
(ii) Contingent liabilities are not recognized but are disclosed in the
notes. Contingent assets are neither recognized nor disclosed in the
financial statements.
Mar 31, 2010
A) Accounting Convention
i) The financial statements have been prepared under the historical
cost convention (except for certain fixed assets, which have been
revalued) in accordance with the generally accepted accounting
principles, read with what is stated herein below, as adopted
consistently by the company.
ii) The company generally follows mercantile system of accounting and
recognises significant items of income and expenditure on accrual
basis.
b) Revenue Recognition
i) Advertisements income is recognised when the related advertisement
or commercial appears before the public i.e. on telecast.
ii) Time Slot and the other related income is recognised on availment
of the respective time slot.
iii) Revenue in respect of Internet Services is recognised for both
limited and unlimited number of usage hours proportionately within the
period prescribed under the respective scheme.
iv) For other services such as Uplinking and video production, revenue
is recognised when the service is rendered.
c) Fixed Assets
Fixed Assets are stated at cost, adjusted by revaluation in case of
certain land and buildings.
d) Depreciation / Amortisation
i) Depreciation on Fixed Assets (including
revalued assets) is provided on straight-line method at the rates and
in the manner specified in schedule XIV to the Companies Act, 1956. The
value of leasehold land is amortised over the period of the lease.
Intangible Assets: Specialized Programme Software (Library) is
amortised over the estimated useful life of the asset i.e 10 years.
ii) Where the recoverable amount of fixed assets is lower than its
carrying amount, a provision is made for the impairment loss. Post
impairment, depreciation is provided on revised carrying value of the
asset over its remaining useful life.
e) Treatment of Expenditure during Pre- operative period
Expenditure during pre-operative period is allocated to the respective
assets on completion of such erection / installation. Direct expenses
as well as identifiable indirect expense, incurred on project during
the period of erection / installation are capitalised along with the
respective assets.
f) Borrowing Costs
Borrowing costs attributable to acquisition and construction of
qualifying assets are capitalised as a part of the cost of such asset
upto the date when such asset is ready for its intended use. Other
borrowing costs are charged to Profit and Loss Account.
g) Investments
Long Term Investments are stated at cost. When there is a decline in
the value of any investment, which is not considered temporary, then
the same is provided for by reducing the value of the investment and
charging the same to the Profit & Loss Account.
h) Inventories
Inventories (Compact Disc/ Cassettes/feature films) are valued at
lower of the cost and net realisable value.
i) Foreign Currency Transaction
Foreign currency transactions are recorded at the rate of exchange in
force at the date of transactions. Foreign currency monetary assets and
liabilities are converted at the exchange rates prevailing at the year
end. The increase/decrease of liabilities arising in respect of fixed
assets acquired from country outside India is adjusted to the cost of
fixed assets and in respect of others is charged to revenue account.
j) Retirement Benefits
Provisions for gratuity and leave encashment liability are provided on
accrual basis as determined on actuarial valuation.
k) Provision for Tax
Provision is made for current income tax, estimated to arise on the
results for the year, in accordance with the Income Tax Act, 1961.
Deferred tax Assets and liabilities arising on account of timing
differences, which are capable of reversal in subsequent periods are
recognised using the tax rates and tax laws that have been enacted or
substantially enacted on the balance sheet date. The deferred tax
assets is recognised and carried forward only to the extent that there
is a reasonable/virtual certainty that sufficient taxable profit will
be available against which such deferred tax assets can be realised.
l) Provision, Contingent Liability and Contingent Assets
Provision involving substantial degree of estimation in measurement is
recognized when there is a present obligation as a result of past event
and is probable that there will be an outflow of resources.
Contingent liabilities are not recognized but are disclosed in the
notes. Contingent assets are neither recognized nor disclosed in the
financial statements.