T.V. Today Network Limited

T.V. Today Network Limited

CONTENTS

Board of Directors ................................................................................. 2 Directors' Report ................................................................................... 3 Management Discussion and Analysis .................................................9 Report on Corporate Governance ..................................................... 16 Company's Standalone Accounts Auditors' Report ................................................................................. 24 Balance Sheet .................................................................................... 28 Profit & Loss Account ........................................................................ 29 Cash Flow Statement ........................................................................ 30 Notes to Accounts .............................................................................. 32 Balance Sheet Abstract ..................................................................... 55 Statement Pursuant to Section 212 ................................................... 56 Consolidated Accounts Auditors' Report ................................................................................. 57 Balance Sheet .................................................................................... 58 Profit and Loss Account ..................................................................... 59 Cash Flow Statement ........................................................................ 60 Notes to Accounts .............................................................................. 62 Subsidiary Company Annual Report .................................................................................... 82 Notice

ANNUAL REPORT 2012-13

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T.V. Today Network Limited

BOARD OF DIRECTORS

Aroon Purie, Chairman & Managing Director Koel Purie Rinchet, Whole Time Director Anil Mehra Anil Vig Rakesh Kumar Malhotra Rajeev Thakore Ashok Kapur

Audit Committee Rakesh Kumar Malhotra, Chairman Anil Mehra Rajeev Thakore

Head - Legal & Compliances & Company Secretary & Vice President - (Internal Audit) Dr. Puneet Jain

Auditors Price Waterhouse Chartered Accountants New Delhi

Bankers Canara Bank ICICI Bank Limited Yes Bank Limited

Registered Office F-26, First Floor, Connaught Circus, New Delhi - 110 001

Registrar & Transfer Agents MCS Limited F- 65, Okhla Industrial Area Phase-I, New Delhi-110 020

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ANNUAL REPORT 2012-13

T.V. Today Network Limited

DIRECTORS' REPORT

TO THE MEMBERS

Your Directors are pleased to present the Fourteenth Annual Report together with the Audited Statement of Accounts of the Company for the financial year ended 31st March 2013.

1. Financial Results

The financial results of the Company for the year ended 31st March 2013 are summarized below for your consideration.

(Rs. in Crores)

Particulars

Year Ended Year Ended 31stMar'13 31stMar'12

Income from operations

312.67 308.43

Other income

Profit before Finance, Charges, Amortization, Depreciation and Tax

7.36 41.95

5.61 31.90

Finance Charges (including Interest)

Depreciation

3.34 21.03

1.43 14.04

Profit before tax Provision for Tax

17.58 5.37

16.42 5.90

Net Profit Balance amount brought forward Profit Available for appropriation

12.21 166.46 178.67

10.51 161.68 172.19

Transferred to General Reserve

0.65

0.55

Proposed Dividend

4.46

4.46

Corporate Dividend Tax Balance Carried forward

0.76 172.80

0.72 166.46

2. Performance

During the financial year under review, your Company's revenue from operations has been Rs. 312.67 Crores compared to Rs. 308.43 Crores last year, an increase of 1.37 %. Profit before tax has been Rs 17.58 Crores compared to Rs. 16.42 Crores last year, increase of 7.06% over the last year. Profit after tax has been Rs.12.21 Crores compared to Rs. 10.51 Crores last year, registering an increase of 16.17 % over the last year.

Your company's business model is such that it mainly depends on Ad Revenues. Your Company due to its Channel's impeccable reputation and leadership position of the flagship channel "AAJ TAK", and confidence reposed by its viewers and clients managed to achieve a reasonably satisfactory performance.

In recognition of its leadership position, your Company's Channels have been conferred with the following prestigious awards:

? ITA Award for best Hindi News Channel 2012

-Aaj Tak

? Visual Communication Awards at CII - Aaj Tak Design Excellence Awards 2012

? Gold Awards 2012 - Best Hindi News - Aaj Tak Channel

News Television Awards 2013: ? Best Business News Program - Aaj Tak ? Best Crime Show - Aaj Tak ? Current Affairs Feature - Aaj Tak ? Sports Feature - Aaj Tak ? Public Debate Show - Aaj Tak ? Entertainment News Anchor - Aaj Tak ? Set Design (Actual) - Aaj Tak ? Best Use of Graphics in a Promo - Aaj Tak ? Promo for a Channel - Aaj Tak ? Promo Campaign by a News Channel - Aaj Tak ? Daily Prime Time News Show - Aaj Tak ? TV News Presenter - Aaj Tak ? TV News Anchor - Aaj Tak

AAJ TAK

Aaj Tak continued to maintain its leadership position for the 12th consecutive year. Aaj Tak share has increased from 17.7% in Jan-March'12 to 20.3% in Jan-March'13. Aaj Tak continues to dominate by being the channel of choice during key events. Whether it's a national or an international event, the credibility of Aaj Tak is unmatched. As per IRS Data, Aaj Tak maintains absolute leadership with viewership of 65.7 million (CS viewer). Also, Aaj Tak was bestowed with the Best Hindi News Channel by the Indian Television Awards in 2012 consecutively 12th Year.

Source : TAM TG : CS 15% 4Yrs. Market : HSM

Channel shares calculated among 14 Hindi News

HEADLINES TODAY

Headlines Today share has increased from 9.7% in Jan-March'12 to 23.6% in Wk14-20'13. In 2012 held News Television Academy Awards, Headlines Today was bestowed with 6 awards, including Best Entertainment Anchor Denzil O' Connell, Best Reporter Neha Dixit, Best Investigative report Inside Lanka's Killing Fields, Best Investigative Feature Telangana tangle and Best Current Affairs Programme (Home & International) - Inside Libya.

ANNUAL REPORT 2012-13

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