Global Broadcast News Results, 2006-07

(All amounts in Rs. Lakhs)

  Particulars Year ended 31.03.2007 (audited) Year ended 31.03.2006 (audited)
  12 Months 12 Months
 
1. Revenue 7993.61 622.9
 
  (a) Revenue from operations 7685.75 591.53
  (b) Other Income 307.86 31.37
 
2. Expenditure 9866.52 4726.56
 
  (a) Staff costs 3210.93 1873.62
  (b) Other expenditure 4163.8 2018.68
  (c) Marketing,Distribution & Promotional Expenses 2491.79 834.26
 
3. Interest (Net) 736.01 128.2
 
4 Depreciation & non cash write offs 509.55 340.69
 
5 Net profit / (loss) before tax -3118.47 -4572.55
 
6 Provision for tax (Fringe Benefit Tax) 85 36
 
7 Net profit / (loss) after tax -3203.47 -4608.55
 
8 Paid-up Equity Share Capital 2672.82 1000
  (Face value Rs. 10/-)
10 EPS (Not annualised)
  (a) Basic -14.58 -47.52
  (b) Diluted -14.58 -47.52
 
11 Aggregate of Public shareholding
  (a) Number of Shares 10898420 0
  (b) Percentage of Shareholding 40.78 0
  (c) Face Value per share (Rs.) 10/- 10/-
Notes:

  1. The Company thanks the investors for their overwhelming response towards its maiden IPO which was oversubscribed heavily and consequently the paid up capital of the Company has increased to Rs. 2,672.82 Lacs, the total funds raised through the IPO being Rs. 10,500 lakhs. Out of these funds raised, the Company has utilized Rs. 6,458.83 lakhs till 31 March, 2007 on the object for which it was raised. The balance will be utilised as per proposed schedule of deployment of funds mentioned in the chapter 'Objects of the issue'. The unutilised funds as on 31 March, 2007 have been temporarily deployed in short-term investments. The equity shares of the Company were listed and admitted for trading on BSE and NSE with effect from 8 February, 2007

  2. The Company has carried out its tax computation in accordance with the mandatory standard on accounting, AS 22 – ‘Taxes on Income’ issued by the Institute of Chartered Accountants of India. Having regard to the accumulated losses the Company has not provided for deferred tax asset / liability as at the year end.

  3. The above financial results were reviewed by Audit Commiittee and were taken on record by the Board of Directors on July 05, 2007.

  4. The Earnings per Share (EPS) has been computed in accordance with the Accounting Standard (AS-20). The EPS has been computed with reference to weighted average number of equity shares outstanding during each period.

  5. The Company is operating in only one business segment that is 'News operations'.

  6. Previous period figures have been regrouped, wherever necessary, for the purpose of comparison.