ZEEL2019-10-012019-12-31in-bse-fin:OneOperatingExpenses01Member ZEEL2019-10-012019-12-31in-bse-fin:OneOperatingExpenses02Member ZEEL2019-10-012019-12-31in-bse-fin:OneOperatingExpenses03Member ZEEL2019-10-012019-12-31in-bse-fin:OneOperatingExpenses04Member ZEEL2019-10-012019-12-31in-bse-fin:FourOperatingExpenses01Member ZEEL2019-10-012019-12-31in-bse-fin:FourOperatingExpenses02Member ZEEL2019-10-012019-12-31in-bse-fin:FourOperatingExpenses03Member ZEEL2019-10-012019-12-31in-bse-fin:FourOperatingExpenses04Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares ZEEL 2019-04-01 2020-03-31 2020-01-14 INR Lakhs Third quarter Single segment CONTENT AND BROADCASTING 2019-10-01 2019-12-31 Unaudited Consolidated 20486500000.00 709500000.00 21196000000.00 0.00 0.00 0.00 2075200000.00 200400000.00 655500000.00 13154600000.00 16085700000.00 5110300000.00 0.00 5110300000.00 1805600000.00 -183300000.00 1622300000.00 0.00 3488000000.00 0.00 0.00 0.00 -2000000.00 3486000000.00 260400000.00 3746400000.00 3494300000.00 -8300000.00 3754700000.00 -8300000.00 960500000.00 1 3.64 3.64 0.00 0.00 3.64 3.64 1The unaudited consolidated financial results of Zee Entertainment Enterprises Limited (the Company) and its subsidiaries (collectively referred as the Group) and its share of the profit/(loss) of its joint venture and associate have been reviewed by the Audit Committee and approved by the Board of Directors of the Company in their meetings held on 21Jan2020.These results have been subjected to limited review carried out by the Statutory Auditors.2.The unaudited consolidated financial results have been prepared in accordance with the recognition and measurement principles provided in Indian Accounting Standards(Ind AS)34 on ‘Interim Financial Reporting’, the provisions of the Companies Act, 2013 (the Act), as applicable and guidelines issued by theSecuritiesand ExchangeBoardofIndia(SEBI)under SEBI(LODR)Regulation2015, as amended.3.As at 31Mar2019, the Company had assessed the recoverable amount of Goodwill allocated to theOnlineMediaBusiness which represent a separate cash-generating unit (CGU). The recoverable amount of this CGU was determined based on the fair value less cost of disposal. The excess of carrying value of CGU over the recoverable amount had been accounted as an impairment charge of Rs2,180 lakhs in the quarter and year ended 31Mar2019 and disclosed as ‘Exceptional item’4.The Company had, in an earlier year, given an Inter-corporate Deposit (ICD) aggregating Rs15,000 lakhs.On account of delays in recovery of the amount, the ICD was assigned to certain related parties, to secure payment of Rs17,062 lakhs (including accrued interest up to the date of assignment). Since, there are further delays in receiving payment from these related parties, the aforesaid amount has been provided for and disclosed as ‘Exceptional item’ during the quarter ended 30 September 2019 and nine months ended 31Dec2019.Interest on the aforesaid ICD has been received till 31Mar2019.5.The Company had a fixed deposit with a bank of Rs.20,000 lakhs.During the previous quarter, the bank had unilaterally adjusted the amount of the fixed deposit, which was maturing on 10Sep2019, against the dues of certain related parties. Subsequently, these related parties have refunded the said amount to the Company.During the current quarter, based on legal advice, and the fact that the related parties have paid the said amount, along with interest, to the Company, the Audit Committee and the Board of Directors of the Company have approved the setting-off of the amounts received from the related parties with the aforesaid fixed deposit as required by the Companies Act, 2013.The Company is in the process of completing the communication/documentation with the bank and the said related parties.6.The Company has Trade receivables aggregating Rs75,028 lakhs from two customers as at 31Dec2019, which include amounts which are long overdue. The Management, based on detailed assessment of recoverability,has agreed on a revised plan with these customers, which involves recovering the amounts over a period of 12 to 24 months. Accordingly, the Management has considered the aforesaid amounts as good of recovery and, during the quarter, in line with Ind AS109 has recorded expected credit loss of Rs3,764lakhs towards time value of money on account of delayed collection.7.Effective 1Apr2019, the Group adopted Ind AS 116 ‘Leases’, applied to all lease contracts existing on 1Apr2019 using the modified retrospective method and has taken the cumulative adjustment to retained earnings, on the date of initial application. The effect of this adoption is insignificant on the unaudited consolidated financial results for the quarter and nine months ended 31 Dec2019. Single segment 2019-04-01 2019-12-31 Unaudited Consolidated 61787800000.00 2429800000.00 64217600000.00 0.00 0.00 0.00 6201100000.00 585200000.00 1928700000.00 36211900000.00 44926900000.00 19290700000.00 -1706200000.00 17584500000.00 5137500000.00 -448500000.00 4689000000.00 0.00 12895500000.00 0.00 0.00 0.00 9000000.00 12904500000.00 570100000.00 13474600000.00 12932300000.00 -27800000.00 13502400000.00 -27800000.00 960500000.00 1 13.46 13.46 0.00 0.00 13.46 13.46 Advertisement and publicity expenses 1907600000.00 Fair value loss/(gain) on financial instruments at fair value through profit and loss 401000000.00 Operational Cost 8476200000.00 Other Expenses 2369800000.00 Advertisement and publicity expenses 5114800000.00 Fair value loss/(gain) on financial instruments at fair value through profit and loss -190300000.00 Operational Cost 25238900000.00 Other Expenses 6048500000.00 8During the nine months ended 31Dec2019, the Company has issued and allotted 16,735 Equity shares upon conversion of Stock Options granted under the Company's ESOP Scheme. Consequent to this allotment the Paid-up Equity share capital of the Company stands increased to 960,483,235 Equity Shares of Re 1/- each i.e. Rs. 9,605 lakhs9.The Group operates in a single reporting segment namely 'Content and Broadcasting'.