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 Finance
 
Unaudited financial results for the quarter ended December 31, 2012
Unaudited financial results for the quarter ended September 30, 2012
Annual Report for the Financial Year 2011-12
Unaudited financial results for the quarter ended June 30, 2012
Audited Financial Results for the year ended March 31, 2012
Unaudited financial results for the Quarter ended December 31, 2011
Unaudited financial results for the quarter ended September 30, 2011
Unaudited financial results for the quarter ended June 30, 2011
Audited Financial Results for the year ended March 31, 2011
Unaudited financial results for the Quarter and Nine Months ended December 31, 2010
Unaudited financial results for the quarter ended September 30, 2010
 
 
 
Sun TV Network Limited
Regd. Office : Murasoli Maran Towers, 73, MRC Nagar Main Road,
MRC Nagar, Chennai - 600 028.
Audited Financial Results for the year ended March 31, 2011.
* All are in Lakhs
Sl. No
Particulars
   
Standalone
Consolidated
March 31, 2011
March 31, 2010
March 31, 2011
March 31, 2010
Audited
Audited
Audited
Audited
           
1
INCOME
       
Income from operations
192,371
139,501
2,01,346
145,284
 
192,371
139,501
2,01,346
145,284
           
2
TOTAL EXPENDITURE
a. Cost of Revenues
10,271
8,888
13,493
11,920
  b. Purchase of traded goods
-
-
59
618
  c. (Increase) / decrease in stock in trade
-
-
182
(266)
d Employee's Remuneration and Benefits
17,401
11,601
19,192
13,396
e. Other Expenditure
8,910
7,957
10,634
10,530
f. Depreciation and Amortisation
44,738
28,544
48,046
32,091
           
3
Profit before Other Income
1,11,051
82,511
1,09,740
76,995
4
Othr Income
4,679
4,251
4,870
3,495
5
Profit before interest
1,15,730
86,762
1,14,610
80,490
6
Interest
198
120
225
494
7
Profit after interest before taxes
1,15,532
86,642
1,14,385
79,996
8
Tax expense
38,310
29,904
38,310
29,905
           
9
Net Profit for the period after taxes
77,222
56,738
76,075
50,091
           
10
Share in profits from Associates
-
-
349
83
11
Minority Interest
-
-
552
1,816
12
Net profit
77,222
56,738
76,976
51,990
           
13
Paid-up equity share capital (face value Rs. 5/-)
19,704
19,704
19,704
19,704
14
Reserves excluding revaluation reserves
2,18,867
1,81,797
2,05,664
1,68,854
15

Earning Per Share(Rs.) Basic and Diluted
1960
14.40
19.53
13.19
   
16
Total Public Shareholding as defined under clause 40a of the Listing Agreement
No of Shares
9,06,39,463
9,06,39,463
9,06,39,463
9,06,39,463
Percentage of Shareholding
23.00%
23.00%
23.00%
23.00%
  Promoters and Promoter Group Shareholding        
17
Promoters and Promoter Group Shareholding
a. Pledged / Encumbered
- Number of shares
5,19,57,879
2,16,94,915
5,19,57,879
2,16,94,915
  - Percentage of shares
(as a % of the total shareholding of the promoter and promoter group)
17.12%
7.15%
17.12%
7.15%
  - Percentage of shares
(as a % of the total share capital of the Company)
13.18%
5.51%
13.18%
5.51%
  b. Non -encumbered
- Number of shares
25,14,87,278
28,17,50,242
25,14,87,278
28,17,50,242
  - Percentage of shares
(as a % of the total shareholding of the promoter and promoter group)
82.88%
92.85%
82.88%
92.85%
- Percentage of shares
(as a % of the total share capital of the Company)
63.82%
71.49%
63.82%
71.49%
 

Statement of Assets and Liabilities as at March 31, 2011
* All are in Lakhs
Sl. No
Particulars
   
Standalone
Consolidated
March 31, 2011
March 31, 2010
March 31, 2011
March 31, 2011
Audited
Audited
Audited
Audited
           
1
SHAREHOLDERS' FUNDS
       
(a) Capital
19,704
19,704
19,704
19,704
(b) Reserves and Surplus
2,18,867
1,81,797
2,05,664
1,68,854
           
2
MINORITY INTEREST
-
-
3,154
3,706
3
PREFERENCE SHARES IN SUBSIDIARY HELD BY MINORITY SHAREHOLDERS
-
-
9,340
8,780
4
LOAN FUNDS
-
-
14
14
5
DEFERRED TAX LIABILITY (NET)
4,098
3,391
4,099
3,392
TOTAL
2,42,669
2,04,892
2,41,975
204,450
 
APPLICATION OF FUNDS
           
6
FIXED ASSETS AND INTANGIBLE ASSETS (NET) (INCLUDING CAPITAL WORK-IN-PROGRESS AND INTANGIBLE ASSETS UNDER DEVELOPMENT)
99,872
96,637
1,21,317
1,21,264
7
INVESTMENTS
54,117
50,664
22,167
22,795
8
NON-CURRENT ASSETS
1,367
3,000
1,367
3,000
9
CURRENT ASSETS, LOANS AND ADVANCES
(a) Inventories
75
33
141
270
  (b) Sundry Debtors
38,805
30,018
43,003
32,919
(c) Cash and Bank balances
58,440
42,420
60,302
43,672
  (d) Other current assets
16,466
13,992
13,542
10,702
(e) Loans and Advances
15,581
11,300
19,853
15,893
 
10
LESS: CURRENT LIABILITIES AND PROVISIONS
  (a) Liabilities
(24,707)
(15,501)
(27,370)
(18,392)
(b) Provisions
(17,347)
(27,671)
(17,347)
(27,678)
 
11

MISCELLANEOUS EXPENDITURE (NOT WRITTEN OFF ORADJUSTED)
-
-
-
5
   
TOTAL
2,42,669
204,892
2,41,975
204,450
Notes:

1. The above audited financial results (including consolidated results) for the year ended March 31, 2011 have been reviewed by the Audit Committee and approved bthe Board of Directors at their meeting held on May 26, 2011.

2. The Company's operations predominantly relate to a single segment, "Broadcasting".

3. Against the total projected utilization of Rs. 572.0 crores (net of issue expenses) from the Initial Public Offering ('IPO') funds, an amount of Rs. 355.77 crores has been utilised towards capitalization of subsidiaries; Rs. 106.61 crores towards launch of new channels and purchase of new equipment and up-gradation of existing equipment and Rs. 62.34 crores towards construction of owned corporate office. The balance proceeds from the IPO after meeting the IPO expenses, pending utilization have been invested in fixed deposits with banks.

4.During current year, the company released a blockbuster movie simultaneously in three languages titled “Enthiran” in Tamil and “Robot” in Telugu and Hindi. The company earned revenues of Rs. 179 crores, including Rs. 8 crores expected towards satellite rights which has not been included in the revenues in current year. The company has spent Rs. 132 crores on the production of this blockbuster.

5. Details of number of investor complaints for the quarter ended March 31, 2011 : Beginning - Nil; Received - 6; Disposed off - 6; Pending - Nil.

5. Previous periods' / years' figures have been regrouped / reclassified wherever necessary to conform to current periods' classification.

6. At their meeting held on May 26, 2011, the Board of Directors of the Company have recommended a final dividend of Rs. 3.75/- per share (75%). This in addition to an interim dividend of Rs 5.00/- per share (100%) declared at the Board Meeting held on January 28, 2011.
 
 
For and on behalf of the Board of Directors
 
SD/
Place : Chennai
Date  : May 26, 2011
Kalanithi Maran
Chairman and Managing Director
   
 
 
 
     
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