EROSMEDIA2023-10-012023-12-31 EROSMEDIA2023-10-012023-12-31 EROSMEDIA2023-10-012023-12-31in-bse-fin:OneOperatingExpenses01Member EROSMEDIA2023-10-012023-12-31in-bse-fin:FourOperatingExpenses01Member EROSMEDIA2023-12-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 533261 EROSMEDIA NOTLISTED Eros International Media Limited Equity 2023-04-01 2024-03-31 2024-02-14 2024-02-07 INR Lakhs Third quarter 17:15:00 18:45:00 2024-02-14 2024-02-14 Not applicable Single segment The Company operates on a single reportable segment, which is co-production, acquisition and distribution of Indian language films in multiple formats, being governed by similar risks and returns, forming the primary business segment. Accordingly, no segment information has been submitted as a part of the quarterly financial results presented. 2023-10-01 2023-12-31 Unaudited Consolidated 315700000.00 279700000.00 595400000.00 815100000.00 -360100000.00 0.00 78500000.00 76700000.00 11600000.00 477100000.00 1098900000.00 -503500000.00 0.00 -503500000.00 24300000.00 200000.00 24500000.00 0.00 -528000000.00 0.00 0.00 0.00 0.00 -528000000.00 118800000.00 -409200000.00 -524300000.00 -3700000.00 -405500000.00 -3700000.00 959100000.00 0 4.23 4.23 0.00 0.00 4.23 4.23 0.00 0.00 0.00 1. The consolidated financial results for the quarter and nine months ended December 31, 2023 have been reviewed by the Audit Committee and then approved by the Board of Directors at their meeting held on 14 February, 2024 and also reviewed by statutory auditors. 2. The Group operates on a single reportable segment, which is co-production, acquisition and distribution of Indian language films in multiple formats, being governed by similar risks and returns, forming the primary business segment. Accordingly, no segment information has been submitted as a part of the quarterly and nine months ended financial results presented. 3. The group has trade receivables of Rs. 43,083 lakhs from Eros Worldwide FZ LLC (“EWW”)( Company having significant influence ), which are overdue. As against this, there is trade payables of Rs. 28,209 lakhs to EWW for which the group has filed an application with RBI through Authorised Dealer for setting-off trade payables against trade receivables. After considering the setoff of trade payables, the group would have net trade receivables of Rs. 14,875 lakhs from EWW. Apart from EWW, the group has trade receivables of Rs. 7,244 lakhs (net of trade payables of Rs. 321 lakhs) from Eros International Limited UK and Rs. 3,157 lakhs from Eros International USA Inc. (both fellow subsidiaries of EWW). The group has trade payables of Rs. 14,118 lakhs (net of trade receivables of Rs. 6,910 lakhs) from Eros Digital FZ LLC (“EDFL”) (fellow subsidiary of EWW) which is long over due. Considering all trade receivables and trade payables to group entities, the group has net trade receivables of Rs. 8,837 lakhs. As per the management accounts for year ended March 31, 2023, net worth of these companies has been eroded and has incurred losses in that year. The parent Company of aforesaid entities i.e. Eros Media World PLC is committed to continue to support these entities. Based on the future business plans, management is confident of recovery of above dues from related parties and does not consider it necessary to make any provisions in this regard. 4. The Group has incurred losses amounting Rs 11,580 lakhs for nine months ended December 31, 2023 and there substantial erosion in the net worth. Additionally the group has defaulted on payment of statutory dues on certain occasions. Theses circumstances give rise to material uncertainties that could significantly affect the group's ability to continue operation as going concern. To address these challenges, the group has implemented various measures to enhance liquidity, such as restricting borrowing facilities, conserving cash through cost saving initiatives, and maximising revenue by entering into long term contracts to monetize the film/music library and recover overdue trade receivables. The Group has taken these uncertainties and measures into account when preparing its financial forecasts. Therefore, based on these considerations, management has decided to continue preparing its financial results on a going concern basis. 5. Inventory includes accumulated film right costs amounting to Rs. 850 lakhs wherein there has been no movement since March 2021. The Group's management is of the opinion that realisable value of the said Film rights will be equal to / more than cost of Inventory, hence, no provision towards impairment needs to be made as on date. 6. As on 31 December 2023, Content advances aggregate to Rs 8,416 lakhs (net of provision). Based on the various initiatives of Capital infusion as well as Monetisation of Rights, the Group's management is of the opinion that the content advances which are for continuing projects are all good and realizable and no further provision is required other than those already created in the books of account. 8. Previous quarter/period/ year items are regrouped or reclassified in line with the current quarter/ period presentation, if any. Single segment 2023-04-01 2023-12-31 Unaudited Consolidated 810500000.00 647600000.00 1458100000.00 1229700000.00 -360100000.00 0.00 302900000.00 249100000.00 36600000.00 1274000000.00 2732200000.00 -1274100000.00 0.00 -1274100000.00 23500000.00 900000.00 24400000.00 0.00 -1298500000.00 0.00 0.00 0.00 0.00 -1298500000.00 140500000.00 -1158000000.00 -1249700000.00 -48800000.00 -1109200000.00 -48800000.00 959100000.00 0 11.57 11.57 0.00 0.00 11.57 11.57 0.00 0.00 0.00 Other Expenses 477100000.00 Other Expenses 1274000000.00 0.00 0.00 -118800000.00 -140500000.00