BENGALURU: Mukta Arts Limited (Mukta Arts) paid Rs 234.09 crore (76 per cent of consolidated net total income from operations or Op Inc of Rs 234.09 crore) as producers and distributors share in FY-2014. The company has reported a consolidated loss of Rs 7.34 crore in FY-2014, which was 5.36 times the loss of Rs 1.37 crore the company had reported in FY-2013. Other Income in FY-2014, which included the proceeds of a keyman insurance policy, cushioned the loss by Rs 4.63 crore, else loss would have been nearly Rs10 crore in the year.

In FY-2013, Mukta Arts paid Rs 269.91 crore or 95 per cent of Op Inc on a consolidated basis towards producers and distributors share. In FY-2013, other income reduced the loss by Rs 2.25 crore.

Note :  (1)100,00,000=100 lakh = 1 crore = 10 million.

(2) Annual figures are on a consolidated basis.

Let us look at the other numbers reported by Mukta Arts for FY-2014 and Q4-2014

Mukta Arts reported Total Income from operations (net) excluding other income in Q4-2014 as Rs 57.07 crore which was 25.6 per cent lower than the Rs 76.67 crore in Q3-2014 and 3.1 per cent less than the Rs 61.91 crore in the year ago quarter Q4-2013.

Consolidated Total Expense for FY-2014 at Rs 313.83 crore (102 per cent of Op Inc) was 14.7 per cent more than the Rs 273.65 crore (98.9 per cent of Op Inc) in FY-2013. Mukta Arts total expense in Q4-2014 at Rs 60.21 crore (105.5 per cent of Op Inc) was 21.4 per cent less than the Rs 76.61 crore (99.9 per cent of Op Inc) in Q3-2014 and 2.7 per cent less than the Rs 61.91 crore (105 per cent of Op Inc) in Q4-2013.

Producers and distributors share expense in Q4-2014 at Rs 48.93 crore (85.7 per cent of Op Inc) was 29 per cent less than the Rs 68.98 crore (90 per cent of Op Inc) in Q3-2014 and 8.9 per cent less than the Rs 53.73 crore (91.2 per cent of Op Inc) in the fourth quarter of last year.

Other expense for FY-2014 at Rs 30.6 crore (9.9 per cent of Op Inc) was 32.3 per cent more than the Rs 23.12 crore (8.35 per cent of Op Inc). In FY-2013, Mukta Arts reported other expense in Q4-2014 at Rs 6.33 crore (11.1 per cent of Op Inc) was 62.7 per cent more than the Rs 3.89 crore (5.1 per cent of Op Inc) and 30.1 per cent more than the Rs 4.87 crore (8.3 per cent of Op Inc) in Q4-2013.

Finance cost is FY-2104 at Rs 6.64 crore (2.2 per cent of Op Inc) was 16.7 per cent more than the Rs 5.69 crore (2.1 per cent of Op Inc) in FY-2013. Mukta Arts spent Rs1.97 crore (3.45 per cent of Op Inc) towards finance cost, which was 31.5 per cent more than the Rs 1.5 crore (1.95 per cent of Op Inc) in Q3-2014 and 53.7 per cent more than the Rs 1.28 crore (2.2 per cent of Op Inc) in Q4-2013.

Mukta Arts reported depreciation of tangible assets as Rs 7.09 crore (2.3 per cent of Op Inc) in FY-2014, which was 1.3 per cent more than the Rs 6.99 crore (2.5 per cent of Op Inc) in FY-2013. Depreciation for Q3-2014 at Rs1.33 crore (2.3 per cent of Op Inc) was 27.1 per cent more than the Rs 1.05 crore (1.4 per cent of Op Inc) in Q3-2014 and was 32.7 per cent more than the Rs1 crore (1.7 per cent of Op Inc) in Q4-2013.

Operating Results for the quarters were: Q4-2014 – loss of Rs 33.5 crore; Q3-2014 - Profit of Rs 0.92 crore; Q4-2013 loss of Rs 2.49 crore.