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Company Information

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SDC TECHMEDIA LTD.

07 April 2025 | 12:00

Industry >> Entertainment & Media

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ISIN No INE807O01011 BSE Code / NSE Code 535647 / SDC Book Value (Rs.) 2.83 Face Value 10.00
Bookclosure 30/09/2024 52Week High 12 EPS 0.00 P/E 0.00
Market Cap. 3.96 Cr. 52Week Low 5 P/BV / Div Yield (%) 2.15 / 0.00 Market Lot 10,000.00
Security Type Other

ACCOUNTING POLICY

You can view the entire text of Accounting Policy of the company for the latest year.
Year End :2024-03 

Significant Accounting Policies
1. Corporate Information

SDC Techmedia Limited ("the company") was incorporated on May 30, 2008 under the Companies Act, 1956
having its registered office at Chennai. The company is engaged in the media and entertainment sector.

Significant Accounting Policies

This note provides a list of the significant accounting policies adopted in the preparation of the financial
statements. These policies have been consistently applied to all the years presented unless otherwise stated.

Basis of preparation of financial statements

(a) Statement of compliance

These Financial Statements have been prepared to comply with the Generally Accepted Accounting
Principles in India (Indian GAAP), including the Accounting Standards notified under the relevant
provisions of the Companies Act, 2013. The financial statements are prepared on accrual basis under
the historical cost convention. The financial statements are presented in Indian Rupees rounded off to
the nearest rupee. All income and expenditure having a material bearing on the Financial Statements
are recognized on accrual basis.

(b) Use of Estimates

The preparation of financial statements in conformity with Indian GAAP requires the Management to
make estimates and assumptions considered in the reported amounts of assets and liabilities (including
contingent liabilities) and the reported income and expenses during the year. The Management
believes that the estimates used in preparation of the financial statements are prudent and reasonable.
Future results could differ due to these estimates and the differences between the accrual results and
the estimates are recognized in the periods in which the results are known / materialize.

(c) Operating Cycle

Based on the nature of activities of the Company and the normal time between acquisition of assets and
their realisation in cash or cash equivalents, the Company has determined its operating cycle as 12
months for the purpose of classification of its assets and liabilities as current and non-current.

(d) Functional and Presentation currency

The Financial statements are presented in Indian Rupees, which is the functional currency of company
and the currency of the primary economic environment in which the company operates.

(e) Revenue Recognition
Revenue from Services

Timing of recognition: Revenue from Services is recognised in the accounting period in which the
services are rendered. For fixed price contracts, revenue is recognised based on the actual service
provided to the end of the reporting period as a proportion of the total services to be provided
(percentage of completion method).

Measurement of revenue: Estimates of revenues, cost or extent of progress towards completion are
revised if circumstances change. Any resulting increases or decreases in estimated revenues or costs
are reflected in profit or loss in the period in which the circumstances that give rise to the revision
become known to the management.

Dividend and Interest Income

a) Dividend income from investments is recognised when the shareholder's right to receive payment

has been established (provided that it is probable that the economic benefits will flow to the
company and the amount of income can be measured reliably).

b) Interest income from a financial asset is recognised when it is probable that the economic benefits
will flow to the company and the amount of income can be measured reliably. Interest income is
accrued on a time basis, by reference to the principal outstanding and at the effective interest rate
applicable, which is the rate that exactly discounts estimated future cash receipts through the
expected life of the financial asset to that asset’s net carrying amount on initial recognition.

(f) Taxation:

Income tax expense represents the sum of the tax currently payable and deferred tax.

Current tax:

Income tax expense comprises of current tax and deferred tax charge or credit. Current Tax is
determined based on the taxable income computed in accordance with the provisions of Income Tax
Act, 1961.

Deferred tax:

Deferred Tax Assets and Liabilities are recognised for the future tax consequences of timing differences
between the book profit and tax profit. While deferred tax liabilities are recognised immediately,
deferred tax assets are recognised only if there is virtual certainty of taxable profits in the future.

(g) Impairment of assets

The Company assesses at each Balance sheet date whether there is any indication that an asset may be
impaired. If any such indication exists, the Company estimates the recoverable amount of the asset. An
asset’s recoverable amount is the higher of an asset’s or cash generating unit's net selling price and its

value in use. Recoverable amount is determined for an individual asset, unless the asset does not
generate cash inflows from continuing use that are largely independent of those from other assets or
group of assets. If such recoverable amount of the asset or the recoverable amount of the cash
generating unit to which the asset belongs is less than its carrying amount, the carrying amount is
reduced to its recoverable amount and the reduction is treated as an impairment loss and is recognized
in the Statement of Profit and Loss. If at the Balance Sheet date, there is an indication that a previously
assessed impairment loss no longer exists, the recoverable amount is reassessed and the asset is
reflected at the recoverable amount subject to a maximum of depreciated historical cost and is
accordingly reversed in the Statement of Profit and Loss.

(h) Cash and cash equivalents

For the purpose of presentation in the statement of cash flows, cash and cash equivalents includes cash
on hand, deposits held at call with financial institutions, other short-term, highly liquid investments
with original maturities of three months or less that are readily convertible to known amounts of cash
and which are subject to an insignificant risk of changes in value, and bank overdrafts (if any).

(i) Investments

Investments that are readily realizable and are intended to be held for not more than one year from the
date on which the investments are made, are classified as Current Investments. All other Investments
are classified as Long Term Investments.

Current Investments are stated at lower of cost and fair value. Long Term Investments are carried at
cost, after providing for any diminution in value, if such diminution is other than temporary in nature.

(j) Property Plant and Equipment

(i) Fixed assets are stated at cost less accumulated depreciation. Cost includes non-refundable
taxes, duties and other incidental expenses related to acquisition and installation.

(ii) The carrying value of fixed assets, both tangible and intangible, is reviewed at each Balance
Sheet date and impairment is provided for, if the carrying value of an asset exceeds its
recoverable amount.

(iii) Fixed Assets are physically verified in every year.

(k) Depreciation and Amortization methods, estimated useful lives and residual value

The Company has aligned the useful life of its fixed assets with those specified in Part C of Schedule II to
the Companies Act, 2013 wherever the useful lives of assets are determined.

The useful lives of the asset are detailed as under:

ASSET PARTICULARS USEFUL LIFE

Motor car 8 Years

Plant and machinery 13 Years

Computers 3 Years

Furniture & Fittings 10 Years

Electrical Equipment 10 Years

Computer software 6 Years

Computers 3 Years