DQ Entertainment PLC Interim Results -8-

Accumulated earnings - Accumulated earnings include all current and prior period results as disclosed in the income statement which are attributable to the controlling interests. The movements in the accumulated earnings are set out below:

 
                          30 September   30 September   31 March 2013 
                              2013           2012 
                             INR'Mn         INR'Mn          INR'Mn 
-----------------------  -------------  -------------  -------------- 
 Opening balance                 1,322          1,026           1,026 
 Profit for the period             214             61             296 
                         -------------  -------------  -------------- 
 Closing balance                 1,536          1,087           1,322 
                         -------------  -------------  --------------

Other Reserves - The Reverse Acquisition Reserve, Equity component of convertible instruments and

Capital Redemption Reserve are non distributable in nature.

   NOTE N -      CAPITAL COMMITMENTS AND CONTINGENT LIABILITIES 
 
                             GROUP                               30 September 2013   30 September 2012   31 March 2013 
                                                                                           INR'Mn 
                                                                       INR'Mn 
                                                                                                             INR'Mn 
--------------------------------------------------------------  ------------------  ------------------  -------------- 
 
 Capital commitments: 
 Purchase of property, plant and equipment                                       -                   3               - 
 Purchase of distribution rights                                               918                 411           1,044 
 
 Contingent liabilities: 
 Outstanding letters of credit for capital investments                         917                 700             777 
 Bonds executed in favour of Indian customs and excise 
  authorities                                                                    3                   2               3 
 Claims not acknowledged as debts                                               10                  10              10 
 
   NOTE O -      RELATED PARTIES

Identity of related parties

DQ plc has a related party relationship with its directors, executive officers, subsidiaries and associate.

DQ plc does not have any ultimate controlling entity.

Related parties and their relationships

   a)    Subsidiaries

DQ Entertainment (Mauritius) Limited

DQ Entertainment (International) Limited

DQ Entertainment (Ireland) Limited

DQ Entertainment (International) Films Limited

DQ Power Kidz Private Limited

Associate

Method Animation

RELATED PARTIES -

   b)    Key management personnel

Mr. Tapaas Chakravarti - Director

Mr. K. Balasubrahmanyam - Director

Ms. Theresa Plummer - Director

Ms.Rashida Adenwala - Director

c) Relatives of Key Management Personnel with whom DQ India had transactions during the year - Mrs. Rashmi Chakravarti (wife of Mr. Tapaas Chakravarti)

   d)   Ms Nivedita Chakravarti (daughter of Mr.Tapaas Chakravarti) 
   e)    Mr Hatim Adenwala - Senior Vice President Human Resources (Husband of Rashida Adenwala)

RELATED PARTIES (Continued)

Trading transactions

Transactions between the Company and its subsidiaries, which are related parties of the Company, have been eliminated on consolidation and are not disclosed in this note. Details of transactions between the Group and other related parties are disclosed below.

 
              Revenue from      Amounts       Revenue from      Amounts      Revenue from      Amounts 
                Animation        owed by        Animation       owed by/       Animation     owed by/(to) 
                              /(to) related                   (to) related                     related 
                                  party                          party                          party 
-----------  -------------  ---------------  -------------  --------------  -------------  -------------- 
              30 September    30 September    30 September   30 September      31 March       31 March 
                  2013            2013            2012            2012           2013            2013 
                 INR'Mn          INR'Mn          INR'Mn          INR'Mn         INR'Mn          INR'Mn 
             -------------  ---------------  -------------  --------------  -------------  -------------- 
 Associate         53             319             161             258            215         292

Revenue from production from related parties was at prices arising out of the Group's usual trade practices. The amounts outstanding are unsecured and will be settled in cash. No guarantees have been given or received. No expense has been recognised in the period for bad or doubtful debts in respect of the amounts owed by related parties.

Compensation of key management personnel

Directors of the company and their immediate relatives control 14.47 per cent of the voting shares of the company.

The remuneration of directors and other members of key management during the period were as follows:

 
                        30 September   30 September   31 March 
                            2013           2012         2013 
                           INR'Mn         INR'Mn       INR'Mn 
---------------------  -------------  -------------  --------- 
 Short term benefits         18             14           35

Other related party transactions

Remuneration paid to relatives of key management personnel during the period was INR 4 Mn

30 September 2012: 4 Mn; 31 March 2013: INR 8 Mn)

This information is provided by RNS

The company news service from the London Stock Exchange

END

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