TIDMDQE
RNS Number : 0165W
DQ Entertainment PLC
13 August 2015
13 August 2015
DQ Entertainment plc
("DQE" or the "Group")
Indian subsidiary financial results for the first quarter ended
30 June 2015
DQE Entertainment (International) Limited ("DQE India" or "the
Company"), the Bombay Stock Exchange and National Stock Exchange of
India listed, production and distribution company, which is 75 per
cent owned by DQE, has announced its unaudited financial results
for the first quarter ended 30 June 2015, prepared under Indian
GAAP.
Standalone financial highlights for the first quarter ended 30
June 2015 (excluding DQ Entertainment (Ireland) Limited):
o Income from operations: INR 291.82 mn (Q1 2014: INR 142.34
mn)
o EBITDA: INR 84.30 mn (Q1 2014: INR (14.14 mn))
o Profit/ (Loss) before tax**: INR 52.58 mn (Q1 2014: INR
(132.98) mn))
o Profit/ (Loss) after tax*: INR 36.80 mn (Q1 2014: INR (111.42)
mn))
* Profit before tax and profit after tax includes the
exceptional item by way of notional foreign exchange gain of
approximately INR 59.49 mn for the quarter ended 30 June 2015 (Q1
2014: INR 1.47 mn)
As previously reported, as a result of the seasonality of our
business, the first and third quarters of the Company's financial
year are generally lower than the second and fourth quarters.
The first quarter performance of the Company has been
satisfactory and is indicative of the positive progress made in our
key business areas. We continue to focus on our primary business
areas of Animation production for television combined with
Licensing and Distribution, whilst growing our business from Visual
Effects and Digital Distribution. We are consciously attempting to
consolidate our revenue potential by executing a mix of
work-for-hire contracts, combined with co-production business
opportunities and our own proprietary projects.
We are at an advanced stage of finalising new contracts with
well-known studios from the United States and France, which, if
completed, should secure our production pipeline for the next 24-36
months in the TV segment. These alliances should not only help to
fortify the financial position of the Company in the coming months,
but also enhance its teams' skill-sets and technology through the
sharing of knowledge with these potential partners to augment our
production pipeline.
We are particularly enthused by our proprietary TV series 'The
Jungle Book' being extended into a third season, in association
with ZDF Enterprises and ZDF TV, Germany and Canal Plus, France.
This is a tremendous validation of the series' production and
entertainment values and demonstrates that it is growing into a
potentially multiple-franchise brand for the Company.
The second season of the The Jungle Book debuted in the United
States on Sunday, July 11(th) 2015, as a result of a three year
license agreement with Discovery Family channel. We believe that
the airing of this series in the US will spur and help us unlock
the licensing potential of the property through the appointment of
high calibre licensing agents to represent our interests in this
region.
The operational highlights in the first quarter of 2015
were:
A. Production
Projects in production
Peter Pan season 2 - 26 x 22' CGI TV series with ZDF-Germany, De
Agostini-Italy, Method Animation-France and France TV.
Miles From Tomorrow land - 22 X 22' CGI for Disney Junior,
USA.
Popples - 52 x 11' CGI for Saban Group, USA.
Ladybug - 4 x 11' CGI with Zag Toons, USA.
Sheriff Callie Wild West - 52 x 11' CGI for Disney Junior,
USA.
7 Dwarfs and Me - 52 x 11' live action and CGI with ZDF-Germany,
FTV-France, RAI COM-Italy and Method Animation-France.
Shabiyate Season 10 - 15 x 13' CGI TV series with Fanar
Productions, UAE.
Hive Season 2 - TV series with Lupus Films, UK.
Chimpoo & Simpoo - 26 x 22' 2D TV series with ZeeQ Network,
India.
Eshafan - 15 x 13' 2D series with Fanar Productions, UAE.
5 & IT - 52 x 11' CGI TV Series with Disney-Germany, Method
Animation- France
Projects in pipeline
Jungle Book Season 3 - CGI TV Series with Story Board Animation
and ZDF-Germany.
PegHeads - 52 x 11' CGI with Story Animation LLC, USA.
Pio the Chick - 52 x 7' 2D TV series with RAI COM-Italy and
Gruppo Alcuni-Italy.
Robin Hood season 2 - 52 x 11' - CGI TV series with Method
Animation and Pink Feather Productions UAE
B. Licensing & distribution:
Within this quarter, the licensing division has concluded
distribution and licensing deals for the titles The Jungle Book,
The new adventures of Peter Pan and Robin Hood across various
categories of products.
C. VFX division
Within this quarter, the Company's VFX division has executed
some exceptional visual effects work for the Indian feature film
industry. We are proud to announce that our team played an
important role in creating the visual effects for the highly
successful Indian film - Bahubhali. The Company's highly skilled
team worked closely with the film's director S.S. Rajamouli, to
bring his vision of this Indian epic to life with international
quality visual effects.
During the quarter, the VFX division was also involved with the
visual effects sequences within an epic feature film, Rudrama Devi
by Gunasekhar, which contains a significant amount of quality
computer graphics work and is slated for release soon.
The division is currently engaged on certain high-end visual
effects assignments for big banner feature films directed by
leading directors from the Indian "Tollywood" industry.
D. Digital division
The Company's YouTube channels Powerkids and Tiny Toonz have
started to gain traction among our young digital audiences. The
channels have collectively received over 13 million views in the
first quarter alone, with the combined total number of minutes
watched on both these channels being well over 82 million.
Both of the channels have seen steady and dedicated daily
activity of over 150K views during this quarter and the numbers are
expected to increase over the coming quarters as new content aimed
at a wider number of regions and audiences is introduced into both
these channels.
The Company intends to produce children's' content exclusively
for these Digital platforms, in order to leverage its subscribers.
New animated rhymes for kids have already been introduced to the
Tiny Toonz channel.
For further information, please visit www.dqentertainment.com or
contact:
DQ Entertainment plc Tel: +91 40 235
Tapaas Chakravarti - Chairman 53726
and CEO
Rashida Adenwala - Director Finance
& Investor Relations
Allenby Capital Limited - AIM Tel: +44 (0)20
nominated adviser & broker 3328 5656
Jeremy Porter / Alex Price / Alex
Brearley
Buchanan - Financial PR Tel: +44 (0)20
Mark Edwards/Robbie Ceiriog-Hughes 7466 5000
Below is an extract from the unaudited financial results of DQE
India for the first quarter ended 30 June 2015. The full unaudited
results are available from the DQE India section of the BSE website
(www.bseindia.com) and NSE website (www.nseindia.com), as well as
on the Company's website (www.dqentertainment.com).
DQ ENTERTAINMENT (INTERNATIONAL) LIMITED
Un-Audited Standalone Financial Results for the
quarter and year ended 30 June 2015
-----------------------------------------------------------------------------------------------------------------------------------------------------
(Rs in million)
-----------------------------------------------------------------------------------------------------------------------------------------------------
Sl. Particulars For Quarter For Quarter For Quarter For
ended ended ended Year
No 30 June 31 March 30 June ended
2015 2015 2014 31 March
2015
-------------- --------------------- --------------------------- ------------------------- --------------------------- -------------------------
(Un-Audited) (Un-Audited) (Un-audited) (Audited)
-------------- ----------------- --------------------------- ------------------------- --------------------------- -------------------------
Net Income from
1 Operations 291.82 731.59 142.34 1,815.65
-------------- --------------------- --------------------------- ------------------------- --------------------------- -------------------------
2 Expenditure
-------------- --------------------- --------------------------- ------------------------- --------------------------- -------------------------
a Production Expenses 17.95 92.37 8.24 116.84
-------------- --------------------- --------------------------- ------------------------- --------------------------- -------------------------
b Employee Expenses 132.15 135.07 165.55 633.71
-------------- --------------------- --------------------------- ------------------------- --------------------------- -------------------------
c Other Expenses 64.36 39.45 33.93 140.71
-------------- --------------------- --------------------------- ------------------------- --------------------------- -------------------------
Depreciation,
Amortisation
d and Impairment 56.10 178.35 64.76 366.63
-------------- --------------------- --------------------------- ------------------------- --------------------------- -------------------------
e Expenses transferred - - (41.72) -
to Capital Account
-------------- --------------------- --------------------------- ------------------------- --------------------------- -------------------------
Total Expenses [2a
to 2e] 270.56 445.24 230.76 1,257.89
-------------- --------------------- --------------------------- ------------------------- --------------------------- -------------------------
Profit / (Loss) from
Operations before
Other Income,
Interest
and Finance expense
and Exceptional
Items
3 [ 1 -2 ] 21.26 286.35 (88.42) 557.76
-------------- --------------------- --------------------------- ------------------------- --------------------------- -------------------------
4 Other Income 6.94 6.22 9.52 29.61
-------------- --------------------- --------------------------- ------------------------- --------------------------- -------------------------
Profit / (Loss)
before
Interest and Finance
expense and
Exceptional
5 Items [ 3+ 4 ] 28.20 292.57 (78.90) 587.37
-------------- --------------------- --------------------------- ------------------------- --------------------------- -------------------------
Interest and Finance
6 Expenses 35.11 49.57 55.55 207.34
-------------- --------------------- --------------------------- ------------------------- --------------------------- -------------------------
(Loss)/Profit after
Interest and Finance
expense but before
Exceptional Items
7 [ 5 - 6 ] (6.91) 243.00 (134.45) 380.03
-------------- --------------------- --------------------------- ------------------------- --------------------------- -------------------------
8 Exceptional items* 59.49 (132.34) 1.47 (23.99)
-------------- --------------------- --------------------------- ------------------------- --------------------------- -------------------------
Profit / (Loss) from
Ordinary Activities
before tax [ 7 -
9 8 ] 52.58 110.66 (132.98) 356.04
-------------- --------------------- --------------------------- ------------------------- --------------------------- -------------------------
10 Less: Tax expense 15.78 45.09 (21.56) 66.05
-------------- --------------------- --------------------------- ------------------------- --------------------------- -------------------------
Profit / (Loss) from
Ordinary Activities
after tax [ 9 - 10
11 ] 36.80 65.57 (111.42) 289.99
-------------- --------------------- --------------------------- ------------------------- --------------------------- -------------------------
12 Extraordinary Item - - - -
-------------- --------------------- --------------------------- ------------------------- --------------------------- -------------------------
Profit / (Loss) for
13 the period [11-12] 36.80 65.57 (111.42) 289.99
-------------- --------------------- --------------------------- ------------------------- --------------------------- -------------------------
Paid-up equity share
capital [Face value
14 Rs.10 per share] 792.83 792.83 792.83 792.83
-------------- --------------------- --------------------------- ------------------------- --------------------------- -------------------------
Reserves excluding
Revaluation Reserves
as per balance sheet
of previous
accounting
15 year - - - 3,689.60
-------------- --------------------- --------------------------- ------------------------- --------------------------- -------------------------
16 Earnings Per Share
[Face value Rs.10
per share] (not
annualised/
in Rs.)
-------------- --------------------- --------------------------- ------------------------- --------------------------- -------------------------
a) Basic 0.46 0.83 (1.41) 3.66
-------------- --------------------- --------------------------- ------------------------- --------------------------- -------------------------
b) Diluted 0.46 0.83 (1.41) 3.66
-------------- --------------------- --------------------------- ------------------------- --------------------------- -------------------------
17 Public Shareholding
-------------- --------------------- --------------------------- ------------------------- --------------------------- -------------------------
a) Number of
Shares 19,820,782 19,820,782 19,820,782 19,820,782
-------------- --------------------- --------------------------- ------------------------- --------------------------- -------------------------
b) Percentage of
shareholding 25% 25% 25% 25%
-------------- --------------------- --------------------------- ------------------------- --------------------------- -------------------------
c) Shares held by - - - -
custodians against
depository
receipts
-------------- --------------------- --------------------------- ------------------------- --------------------------- -------------------------
18 Promoters and
Promoter
group Shareholding
-------------- --------------------- --------------------------- ------------------------- --------------------------- -------------------------
a) Pledged /
Encumbered
- No. of Shares 59,461,972 59,461,972 17,838,000 59,461,972
-------------- --------------------- --------------------------- ------------------------- --------------------------- -------------------------
Percentage of
shares
(as a % of the
total
share holding of
promoter and
promoter
group) 100% 100.00% 30.00% 100.00%
-------------- --------------------- --------------------------- ------------------------- --------------------------- -------------------------
Percentage of
shareholding
(as a % of the
total
share capital of
the company) 75% 75.00% 22.50% 75.00%
-------------- --------------------- --------------------------- ------------------------- --------------------------- -------------------------
b) Non encumbered
- No. of Shares 246 246 41,624,218 246
-------------- --------------------- --------------------------- ------------------------- --------------------------- -------------------------
Percentage of
shares
(as a % of the
total
share holding of
promoter and
promoter
group) 0% 0.00% 70% 0.00%
-------------- --------------------- --------------------------- ------------------------- --------------------------- -------------------------
Percentage of
shares
(as a % of the
total
share capital of
the company) 0% 0.00% 52.50% 0.00%
-------------- --------------------- --------------------------- ------------------------- --------------------------- -------------------------
c) Shares held by - - - -
custodians against
depository receipts
-------------- --------------------- --------------------------- ------------------------- --------------------------- -------------------------
Standalone Segment Revenue and Results
----------------------------------------------------------------------------------------------------------------------------
(Rs in million)
----------------------------------------------------------------------------------------------------------------------------
Particulars For Quarter For Quarter For Quarter For Year
ended ended ended ended
30 June 31 March 30 June 31 March
2015 2015 2014 2015
---------------- ----------------- ----------------------------- --------------------------- ---------------------------
(Un-Audited) (Un-Audited) (Un-audited) (Audited)
---------------- ----------------- ----------------------------- --------------------------- ---------------------------
Segment Revenue
---------------- ----------------- ----------------------------- --------------------------- ---------------------------
Animation 279.70 714.09 98.07 1,725.84
---------------- ----------------- ----------------------------- --------------------------- ---------------------------
Distribution 12.12 17.50 44.27 89.81
---------------- ----------------- ----------------------------- --------------------------- ---------------------------
Net Income
from Operations 291.82 731.59 142.34 1,815.65
---------------- ----------------- ----------------------------- --------------------------- ---------------------------
Segment Results
-Profit/(loss)
---------------- ----------------- ----------------------------- ---------------------------
Animation 80.73 565.17 1.38 1,104.58
---------------- ----------------- ----------------------------- --------------------------- ---------------------------
Distribution (36.30) (144.97) (5.47) (232.47)
---------------- ----------------- ----------------------------- --------------------------- ---------------------------
Unallocated 43.26 (259.97) (73.34) (308.73)
---------------- ----------------- ----------------------------- --------------------------- ---------------------------
Segment Results
before Interest
and Finance
Expense and
Tax Expenses 87.69 160.23 (77.43) 563.38
---------------- ----------------- ----------------------------- --------------------------- ---------------------------
Interest
and Finance
Expense (35.11) (49.57) (55.55) (207.34)
---------------- ----------------- ----------------------------- --------------------------- ---------------------------
Profit /
(Loss) before
tax 52.58 110.66 (132.98) 356.04
---------------- ----------------- ----------------------------- --------------------------- ---------------------------
Tax expense 15.78 45.09 (21.56) 66.05
---------------- ----------------- ----------------------------- --------------------------- ---------------------------
Profit /
(Loss) for
the period 36.80 65.57 (111.42) 289.99
---------------- ----------------- ----------------------------- --------------------------- ---------------------------
Capital Employed
---------------- ----------------- ----------------------------- --------------------------- ---------------------------
Animation 3,046.32 3,385.58 2,506.57 3,385.58
---------------- ----------------- ----------------------------- --------------------------- ---------------------------
Distribution 1,188.32 898.29 1,806.13 898.29
---------------- ----------------- ----------------------------- --------------------------- ---------------------------
Unallocated 284.59 198.56 (231.64) 198.56
---------------- ----------------- ----------------------------- --------------------------- ---------------------------
Total 4,519.23 4,482.43 4,081.06 4,482.43
---------------- ----------------- ----------------------------- --------------------------- ---------------------------
Notes:
1) The un-audited financial results for the quarter
and period ended June 30, 2015 have been taken
on record by the Board of Directors at its meeting
held on 13 August 2015. The "Un-audited Financial
Results" have been subjected to the limited review
by statutory auditors of the company.
2) Pursuant to Clause 41 of the Listing Agreement,
the Company opted to publish Standalone Results
only as decided by the Board of Directors for
the financial year 2015-16, in its Board Meeting.
Investor can also view the Financial results (Standalone
and Consolidated) on the Company's Website "www.dqentertainment.com"
as well as the website of BSE (www.bseindia.com)
and NSE (www.nseindia.com).
3) *Exceptional items are notional foreign exchange
gain / (loss) arisen on foreign exchange fluctuation
calculated on translation of monetary items as
per Accounting Standard -11
4) Corresponding year and quarter end figures
have been regrouped / reclassified wherever necessary
5) Information on investor complaints pursuant
to Clause 41 of the Listing Agreement for the
quarter ended June 30, 2015.
Received Disposed
Nature of Opening during during the
complaints Balance the quarter quarter Closing Balance
------------- ---------------------- ------------------ ------------- ------------------------------------
Investor
complains - 1 1 -
------------- ---------------------- ------------------ ------------- ------------------------------------
Un-Audited Consolidated Financial Results for the year
ended 30 June 2015
---------------------------------------------------------------------------------------------
(Rs in million)
---------------------------------------------------------------------------------------------
Sl. Particulars For Quarter For Quarter For Quarter For Year
ended ended ended ended
No 30 June 31 March 30 June 31 March
2015 2015 2014 2015
---- ----------------------------- ------------- ------------- ------------- -----------
(Un-Audited) (Un-Audited) (Un-audited) (Audited)
---- ----------------------------- ------------- ------------- ------------- -----------
1 Net Income from Operations 257.33 758.10 206.37 1,947.98
---- ----------------------------- ------------- ------------- ------------- -----------
2 Expenditure
---- ----------------------------- ------------- ------------- ------------- -----------
a Production Expenses 37.52 167.51 21.51 216.29
---- ----------------------------- ------------- ------------- ------------- -----------
b Employee Expenses 133.03 135.85 166.39 637.11
---- ----------------------------- ------------- ------------- ------------- -----------
c Other Expenses 82.03 409.02 50.85 223.22
---- ----------------------------- ------------- ------------- ------------- -----------
Depreciation, Amortisation
d and Impairment 72.20 200.59 76.25 432.24
---- ----------------------------- ------------- ------------- ------------- -----------
Expenses transferred
e to Capital Account (28.62) (59.96) (41.72) (195.79)
---- ----------------------------- ------------- ------------- ------------- -----------
Total Expenses [2a
to 2e] 296.16 853.01 273.28 1,313.07
---- ----------------------------- ------------- ------------- ------------- -----------
(Loss) /Profit from
Operations before
Other Income, Interest
and Finance expense
and Exceptional Items
3 [ 1 -2 ] (38.83) (94.91) (66.91) 634.91
---- ----------------------------- ------------- ------------- ------------- -----------
4 Other Income 5.68 5.08 4.16 12.69
---- ----------------------------- ------------- ------------- ------------- -----------
(Loss) / Profit before
Interest and Finance
expense and Exceptional
5 Items [ 3+ 4 ] (33.15) (89.83) (62.75) 647.60
---- ----------------------------- ------------- ------------- ------------- -----------
Interest and Finance
6 Expenses** 145.63 167.81 75.46 427.26
---- ----------------------------- ------------- ------------- ------------- -----------
(Loss) / Profit after
Interest and Finance
expense but before
Exceptional Items
7 [ 5 - 6 ] (178.78) (257.64) (138.21) 220.34
---- ----------------------------- ------------- ------------- ------------- -----------
Exceptional items
8 * 68.02 39.48 (3.92) (351.42)
---- ----------------------------- ------------- ------------- ------------- -----------
(Loss) / Profit from
Ordinary Activities
before tax [ 7 -
9 8 ] (110.76) (218.16) (142.13) (131.08)
---- ----------------------------- ------------- ------------- ------------- -----------
10 Less: Tax expense 15.78 45.09 (21.56) 66.05
---- ----------------------------- ------------- ------------- ------------- -----------
(Loss) / Profit from
Ordinary Activities
after tax [ 9 - 10
11 ] (126.54) (263.25) (120.57) (197.13)
---- ----------------------------- ------------- ------------- ------------- -----------
12 Extraordinary Item - - - -
---- ----------------------------- ------------- ------------- ------------- -----------
(Loss) / Profit
13 for the period [11-12] (126.54) (263.25) (120.57) (197.13)
---- ----------------------------- ------------- ------------- ------------- -----------
Paid-up equity share
capital [Face value
14 Rs.10 per share] 792.83 792.83 792.83 792.83
---- ----------------------------- ------------- ------------- ------------- -----------
Reserves excluding
Revaluation Reserves
as per balance sheet
of previous accounting
15 year - - - 3,680.82
---- ----------------------------- ------------- ------------- ------------- -----------
16 Earnings Per Share
[Face value Rs.10
per share] (not annualised/
in `)
---- ----------------------------- ------------- ------------- ------------- -----------
a) Basic (1.60) (3.32) (1.52) (2.49)
---- ----------------------------- ------------- ------------- ------------- -----------
b) Diluted (1.60) (3.32) (1.52) (2.49)
---- ----------------------------- ------------- ------------- ------------- -----------
17 Public Shareholding
---- ----------------------------- ------------- ------------- ------------- -----------
a) Number of Shares 19,820,782 19,820,782 19,820,782 19,820,782
---- ----------------------------- ------------- ------------- ------------- -----------
b) Percentage of
shareholding 25% 25% 25% 25%
---- ----------------------------- ------------- ------------- ------------- -----------
c) Shares held by - - - -
custodians against
depository receipts
---- ----------------------------- ------------- ------------- ------------- -----------
18 Promoters and Promoter
group Shareholding
---- ----------------------------- ------------- ------------- ------------- -----------
a) Pledged / Encumbered
- No. of Shares 59,461,972 59,461,972 17,838,000 59,461,972
---- ----------------------------- ------------- ------------- ------------- -----------
Percentage of shares
(as a % of the total
share holding of
promoter and promoter
group) 100% 100% 30% 100%
---- ----------------------------- ------------- ------------- ------------- -----------
Percentage of shareholding
(as a % of the total
share capital of
the company) 75% 75% 22.50% 75%
---- ----------------------------- ------------- ------------- ------------- -----------
b) Non encumbered
- No. of Shares 246 246 41,624,218 246
---- ----------------------------- ------------- ------------- ------------- -----------
Percentage of shares
(as a % of the total
share holding of
promoter and promoter
group) 0% 0% 70% 0%
---- ----------------------------- ------------- ------------- ------------- -----------
Percentage of shares
(as a % of the total
share capital of
the company) 0% 0% 52.50% 0%
---- ----------------------------- ------------- ------------- ------------- -----------
c) Shares held by - - - -
custodians against
depository receipts
---- ----------------------------- ------------- ------------- ------------- -----------
Consolidated Segment Revenue and Results
--------------------------------------------------------------------------------
(Rs in million)
--------------------------------------------------------------------------------
Particulars For Quarter For Quarter For Quarter For Year
ended ended ended ended
30 June 31 March 30 June 31 March
2015 2015 2014 2015
---------------------- ------------- ------------- ------------- -----------
(Un-Audited) (Un-Audited) (Un-audited) (Audited)
---------------------- ------------- ------------- ------------- -----------
Segment Revenue
---------------------- ------------- ------------- ------------- -----------
Animation 239.32 698.67 99.29 1,423.41
---------------------- ------------- ------------- ------------- -----------
Distribution 18.01 59.43 107.08 524.57
---------------------- ------------- ------------- ------------- -----------
Net Income from
Operations 257.33 758.10 206.37 1,947.98
---------------------- ------------- ------------- ------------- -----------
Segment Results
-Profit/(loss)
---------------------- ------------- ------------- -----------
Animation 20.81 338.77 (10.68) 702.70
---------------------- ------------- ------------- ------------- -----------
Distribution (65.08) (125.27) (11.92) 136.69
---------------------- ------------- ------------- ------------- -----------
Unallocated 79.14 (263.85) (44.07) (543.21)
---------------------- ------------- ------------- ------------- -----------
Segment Results
before Interest
and Finance Expense
and Tax Expenses 34.87 (50.35) (66.67) 296.18
---------------------- ------------- ------------- ------------- -----------
Interest and Finance
Expense (145.63) (167.81) (75.46) (427.26)
---------------------- ------------- ------------- ------------- -----------
(Loss)/Profit
before tax (110.76) (218.16) (142.13) (131.08)
---------------------- ------------- ------------- ------------- -----------
Tax expense 15.78 45.09 (21.56) 66.05
---------------------- ------------- ------------- ------------- -----------
(Loss)/Profit
for the period (126.54) (263.25) (120.57) (197.13)
---------------------- ------------- ------------- ------------- -----------
Capital Employed
---------------------- ------------- ------------- ------------- -----------
Animation 2,342.41 (1,213.01) 2,165.11 (1,213.01)
---------------------- ------------- ------------- ------------- -----------
Distribution 6,372.38 5,167.58 6,880.30 5,167.58
---------------------- ------------- ------------- ------------- -----------
Unallocated (4,143.99) 519.08 (4,190.21) 519.08
---------------------- ------------- ------------- ------------- -----------
Total 4,570.80 4,473.65 4,855.20 4,473.65
---------------------- ------------- ------------- ------------- -----------
Notes:
1) The un-audited consolidated financial results
for the quarter ended June 30, 2015 have been taken
on record by the Board of Directors at its meeting
held on 13 August 2015. The "Un-audited Consolidated
Financial Results" have been subjected to the limited
review by statutory auditors of the company.
2) The financial results are prepared in accordance
with the principles and procedures for the preparation
and presentation of consolidated financial statements
as set out in the Accounting Standard on "Consolidated
Financial Statements" mandated by Section 133 of
the Act Read with Rule 7 of the Companies (Accounting
Standards) Rules, 2006, the provisions of the Companies
Act, 2013 and guidelines issued by the Securities
and Exchange Board of India.
3) *Exceptional items are notional foreign exchange
gain / (loss) arisen on foreign exchange fluctuation
calculated on translation of monetary items as
per Accounting Standard -11
4) **Total interest and finance expense includes
Rs.87.51 Mn on account of debt bond issued at DQ
Entertainment (Ireland) Limited.
5) DQ Entertainment (Ireland) Limited, which is
100% subsidiary of DQ Entertainment (International)
Limited ( DQE) has directly outsourced the Production
services to DQE, hence there is reduction in consolidated
turnover compare to standalone turnover.
6) Corresponding year and quarter end figures have
been regrouped / reclassified wherever necessary.
END
This information is provided by RNS
The company news service from the London Stock Exchange
END
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