ZEE TELEFILMS LIMITED Regd. Office: 135, Continental Building, Dr. A. B. Road, Worli, Mumbai - 400 018 www.zeetelevision.com UNAUDITED CONSOLIDATED FINANCIAL RESULTS (PROVISIONAL) CONSOLIDATED SEGMENT REPORTING Of Zee Telefilms Ltd. and its Subsidiaries for the quarter ended June 30, 2003 Of Zee Telefilms Ltd. and its Subsidiaries for the quarter ended June 30, 2003 Rs. in Crores Particulars Quarter ended June 30, (Unaudited) Year ended March 31, (Unaudited) 2003 2002 2003 Sales and Services Advertising Revenue Subscription Revenue Other Sales and Services 121.20 142.77 25.33 139.97 101.59 7.24 622.79 478.77 97.76 Total Revenue 289.30 248.80 1,199.32 Expenditure Transmission & Prog. Cost Staff cost Other Expenses 128.68 18.48 52.03 104.13 18.38 50.46 462.63 72.29 280.85 Total Expenditure 199.19 172.97 815.77 Operating Profit 90.11 75.83 383.55 Add : Int. & other Income Less : Finance cost Depreciation 19.08 16.96 8.16 16.21 18.22 5.67 77.27 76.36 30.33 PBT before Exceptional items Less : Provision for Taxation 84.07 21.77 68.15 20.48 354.13 88.49 Profit after Tax for the year Less : Exceptional Items Profit after Tax Less : Minority Interest Excess/(short) provision for tax (earlier years) 62.30 62.30 4.77 - 47.67 47.67 0.11 - 265.64 38.61 227.03 13.77 3.43 Notes : 1) During the current quarter, financials of Padmalaya Enterprises Private Limited (PEPL), the holding company of Padmalaya Telefilms Limited (PTL), and financials of ETC Networks Limited (ETC) have been consolidated with Zee. Since neither of these companies were consolidated during the corresponding quarter last year, previous period figures are not comparable. Other Sales and Services include revenues from PTL. 2) The Company has obtained approval from Mumbai High Court for amalgamation of three of its wholly owned subsidiaries Patco, Kaveri Entertainment Limited and Elzee Television Limited w.e.f. April 01, 2001. Accordingly, effect of amalgamation is now given in the financials of the quarter ending March 31, 2003. Previous period figures UNAUDITED FINANCIAL RESULTS (PROVISIONAL) Of Zee Telefilms Ltd. for the quarter ended June 30, 2003 Rs. in Crores Particulars Quarter ended June 30, (Unaudited) Year ended March 31, (Unaudited) 2003 2002 2003 1. Segment Revenue a. Content & Broadcasting b. Access c. Education d. Others 256.00 46.77 1.64 - 218.64 35.52 3.01 - 1,037.26 182.31 16.33 3.76 Total Revenue Less: Inter-Segment Revenue Net Revenue 304.41 15.11 289.30 257.17 8.37 248.80 1,239.66 40.34 1,199.32 2. Segment EBITA a. Content & Broadcasting b. Access c. Education d. Others 81.87 0.46 (0.38) - 72.62 0.86 (3.32) - 369.16 (8.39) (7.80) 0.25 Total EBITA Less : Finance Cost Add : Int. & other Income 81.95 16.96 19.08 70.16 18.22 16.21 353.22 76.36 77.27 Profit before Tax 84.07 68.15 354.13 3,760.81 344.23 (1.59) - 3,547.82 509.26 (25.57) - 3,702.65 345.81 (1.31) - 3. Segment Assets (Net) a. Content & Broadcasting b. Access c. Education d. Others of Zee Telefilms Limited are accordingly, not comparable. There is no impact on consolidated financials for the current quarter. 3) Application for restructuring/ amalgamation of DML, Econnect and ZILS is pending before the High court and hence the effect of restructuring/ amalgamation, has not been considered in the above results. 4) Status of letters received from investors during the quarter ended June 30, 2003 - Pending at the beginning of quarter - 10 - Received during the quarter - 623 - Resolved during the quarter - 620 - Pending at the end of quarter - 13 Rs. in Crores Particulars (standalone operations) Quarter ended June 30, (Unaudited) Year ended March 31, (Unaudited) 2003 2002 2003 Income Sales and Services 91.63 93.04 438.53 Expenditure Transmission & Prog. Cost Staff Cost Other Expenses 35.45 7.28 25.95 46.14 8.25 13.85 198.69 29.28 80.01 Total Expenditure 68.68 68.24 307.98 Operating Profit 22.95 24.80 130.55 Add : Int. & Other Income Less : Finance cost : Depreciation 16.96 12.11 2.43 15.59 13.29 2.38 68.91 51.71 9.26 Profit before Tax Less : Provision for tax 25.37 8.30 24.72 8.12 138.49 51.00 Profit after Tax Excess/ (short) provision for tax (earlier years) 17.07 - 16.60 - 87.49 3.43 41.25 41.25 41.25 3,853.28 2.20 Paid up Eq. Share capital Reserves (Excl. Revaluation reserve) EPS Aggregate of Non-Promoters’ Shareholding No.of Equity Shares of Rs.1 each (in crores) Percentage of Shareholding 19.89 48.22 5) Previous period figures have been reclassified/ regrouped wherever necessary to conform to current period classification. 6) The above results, which are subject to limited review by the Auditors, were reviewed by the Audit Committee and taken on record by the Board of Directors, in its meeting held on July 29, 2003. Place : Mumbai Date : July 29, 2003 For & on behalf of the Board Zee Telefilms Limited sd/Subhash Chandra Chairman & Managing Director