PFOCUS2019-10-012019-12-31in-bse-fin:OneOperatingExpenses01Member PFOCUS2019-10-012019-12-31in-bse-fin:OneOperatingExpenses02Member PFOCUS2019-10-012019-12-31in-bse-fin:OneOperatingExpenses03Member PFOCUS2019-10-012019-12-31in-bse-fin:OneOperatingExpenses04Member PFOCUS2019-10-012019-12-31in-bse-fin:FourOperatingExpenses01Member PFOCUS2019-10-012019-12-31in-bse-fin:FourOperatingExpenses02Member PFOCUS2019-10-012019-12-31in-bse-fin:FourOperatingExpenses03Member PFOCUS2019-10-012019-12-31in-bse-fin:FourOperatingExpenses04Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares PFOCUS 2019-04-01 2020-03-31 2020-02-06 INR Lakhs Third quarter Single segment Post Production 2019-10-01 2019-12-31 Unaudited Standalone 343260000.00 53210000.00 396470000.00 0.00 0.00 0.00 56280000.00 166651000.00 173224000.00 143439000.00 539594000.00 -143124000.00 0.00 -143124000.00 0.00 128575000.00 128575000.00 0.00 -271699000.00 0.00 0.00 0.00 0.00 -271699000.00 0.00 -271699000.00 -271699000.00 0.00 299249000.00 1 -0.91 -0.91 0.00 0.00 -0.91 -0.91 PRIME FOCUS LIMITED nRegistered Office: Prime Focus House, Opp. Citi Bank, Linking Road nKhar (West), Mumbai, Maharashtra, India, 400052 nCIN: L92100MH1997PLC108981 nNotes to Standalone and Consolidated Unaudited Financial Results for the quarter and nine months nended December 31, 2019: n n1.tThe above results have been reviewed by the Audit Committee and approved by the Board of Directors, at their respective meetings held on February 14, 2020. The Statutory Auditors of the Company have carried out a limited review of these results. n n2.tBased on the information reviewed by the Chief Operating Decision Maker (CODM), the Company has single operating segment, being integrated post production services. n n3.tPursuant to the shareholders’ approval, a business transfer agreement (the “BTA”) has been executed during the quarter, between Prime Focus Limited (the “Company”) and DNEG Creative Services Limited, a subsidiary of the Company (“DNEG”), for sale of the Company’s VFX business on a slump sale basis, for a consideration of Rs. 27,000 lakhs, subject to closing conditions as specified in the BTA. n n4.tEmployee Stock Option expense includes charge of Rs. 9,037.00 lakhs towards stock options granted by Prime Focus World N.V. a component to a key managerial person which vested with immediate effect and towards modification to the exercise price of the unvested options issued in the past to its employees. n n5.tThe Group has adopted Ind AS 116 on “Leases” with the date of initial application being April 1, 2019. Ind AS 116 replaces Ind AS 17 on “Leases” and related interpretation and guidance. The Group has applied Ind AS 116 using modified retrospective approach, under which the cumulative effect of initial application is recognised in retained earnings as at April 1, 2019. As a result, the comparative information has not been restated. n nDuring the quarter and nine months ended December 31, 2019, the Company has recognised interest expense on lease liabilities amounting to Rs 906.71 lakhs [Rs 87.04 lakhs] and Rs 2,718.80 lakhs n[Rs 258.96 lakhs] respectively and depreciation on right-of-use assets amounting to Rs 1,493.70 lakhs [Rs 163.89 lakhs] and Rs 4,722.05 lakhs [Rs 463.72 lakhs] respectively. Consequently, rental expenses are lower by Rs 2,106.35 lakhs [Rs 176.62 lakhs] and Rs 6,474.91 lakhs [Rs 527.50 lakhs] respectively. n n* figures in brackets are pertaining to standalone financial results of the Company. n n6.tPrevious period figures have been regrouped and re-arranged wherever necessary to correspond to the figures of the current period. n n n nFor and on behalf of the Board of Directors nttttt ntttttttNaresh Malhotra n Director nDIN No. 00004597 nPlace: Mumbai nDate: February 14, 2020 Single segment 2019-04-01 2019-12-31 Unaudited Standalone 1028029000.00 151140000.00 1179169000.00 0.00 0.00 0.00 185671000.00 476230000.00 505951000.00 508955000.00 1676807000.00 -497638000.00 0.00 -497638000.00 0.00 114328000.00 114328000.00 0.00 -611966000.00 0.00 0.00 0.00 0.00 -611966000.00 0.00 -611966000.00 -611966000.00 0.00 299249000.00 1 -2.05 -2.05 0.00 0.00 -2.05 -2.05 Employee Stock option expense 0.00 Other expenditure 84245000.00 Technical service cost 27248000.00 Technician fees 31946000.00 Employee Stock option expense 12089000.00 Other expenditure 309478000.00 Technical service cost 81594000.00 Technician fees 105794000.00