Financial Results. On the fifth Business Day of each month, the Company shall provide to each Investor a report as to the Company's actual consolidated financial results for the prior month with respect to (i) the aggregate balance of cash and cash equivalents of the Company and its Subsidiaries as of the end of such prior month and the projected aggregate balance of cash and cash equivalents of the Company and its Subsidiaries at the end of such period and (ii) the actual expenses of the Company and its Subsidiaries for such period versus the projected expenses of the Company and its Subsidiaries for such period. The projected cash balance and the projected expenses shall be determined by reference to the forecasts provided by the Company to each Investor on September 16, 2002 (the "FORECAST," a copy of which is attached to each Bridge Note). The Company shall give each Investor prompt written notice of any known material deviation from the Forecast. The Company shall not permit (i) its actual expenses for any month to exceed the projected expenses for such period (as set forth in the Forecast) by $100,000 or more or (ii) its actual balance of cash and cash equivalents at the end of any month to be less than the projected balance of cash and cash equivalents (as set forth in the Forecast) by more than $100,000. Expenses and cash and cash equivalents shall be determined in accordance with GAAP consistently applied.
Financial Results. PARTICULARS 2021-22 (Rs.) 2020-21 (Rs.) Revenue from Operations 3,00,76,224 1,81,58,567 EBITDA (29,91,578) (40,46,638) Finance Cost 2,93,15,217 1,32,37,709 Depreciation 1,29,01,037 1,33,44,134 Exceptional items (net) (96,42,897) 2,11,648 Profit /Loss before Tax (5,48,50,729) (3,04,16,833) Less: Provision for Tax - - Profit/(Loss) after Tax (5,48,50,729) (3,04,16,833) Profit/(loss) from Discontinuing Operations (37,27,499) (52,04,176) Profit/ (loss) for the period (5,85,78,228) (3,56,21,009) Other Comprehensive Income/(Loss) 6,50,474 4,96,862 Total Comprehensive income (5,79,27,754) (3,51,24,147) Balance brought forward (1,41,29,026) 2,09,95,121 Profit/(Loss) dealt with as under (7,20,56,779) (1,41,29,026) IND AS Adjustment - - MAT Credit - - Prior Period Adjustment - - Surplus/(Deficit) carried to Balance Sheet (7,20,56,779) (1,41,29,026) 2. OVERVIEW OF COMPANY’S PERFORMANCE AND STATE OF AFFAIRS: The revenue from operations during the financial year 2021-2022 stood at Rs.300.76 lakhs whereas during the financial year 2020-2021 it stood at Rs.181.59 lakhs. The Company incurred a loss of Rs.579.28 lakhs in FY 2021-2022 as against a loss of Rs. 351.24 lakhs in the previous year. There are no material changes and commitments affecting the financial position of the Company which have occurred between the end of financial year 2021-2022 and the date of this report.
Financial Results. The Company's total revenues for the quarter ending December 31, 2002 (calculated in accordance with the accounting policies described in the Company's Form 10-Q for the quarter ended September 30, 2002 (the "Q3 Form 10-Q")) shall not be less than 90% of the total revenues targeted for the quarter ending December 31, 2002 (as set forth on Section 6.3(e) of the Company Schedule), and the Company's total costs and expenses for the quarter ending December 31, 2002 (calculated in accordance with the accounting policies described in the Q3 Form 10-Q) shall not be greater than 110% of the total costs and expenses budgeted for the quarter ending December 31, 2002 (as set forth on Section 6.3(e) of the Company Schedule). Parent shall have received a certificate to such effect signed on behalf of the Company by the Chief Executive Officer and the Chief Financial Officer of the Company, which certificate shall include as an exhibit a copy of the Company's actual results of operations, including revenues and total costs and expenses, for the period ended December 31, 2002.
Financial Results. In connection with any acquisition or disposition of any Person, business or assets described above, the Borrower shall provide to the Administrative Agent the audited (if available) or unaudited historical financial results of such Person, business or assets, if available, or the Borrower's good faith estimate of the same prepared by it based on reasonable assumptions and expectations of the financial performance of such Person, business or assets, which such estimates, assumptions and expectations shall have been reviewed and approved by the Administrative Agent (such approval not to be unreasonably withheld) (the "financial results").
Financial Results. The summarised financial highlight is depicted below: (` In Million) Particulars Consolidated Standalone 2021-22 2020-21 2021-22 2020-21 Revenue from Operations 2,928.04 2,650.15 2,317.64 1,982.86 Other Income 293.14 203.44 574.60 494.15 Total Income 3,221.18 2,853.58 2,892.24 2,477.01 Expenses: Operating expenses 660.79 583.61 492.65 364.54 Depreciation and Amortization Expenses 3.44 2.88 3.44 2.88 Total expenses 664.24 586.49 496.09 367.42 Profit before Finance cost and tax 2,556.95 2,267.09 2,396.15 2,109.58 Finance Costs 252.50 253.66 247.42 253.12 Profit before tax 2,304.44 2,013.43 2,148.73 1,856.46 Tax Expense 627.47 543.40 474.51 389.35 Profit for the year 1,676.97 1,470.03 1,674.23 1,467.11 Attributable to: Owners of the Company 1,674.23 1,467.11 1,674.23 1,467.11 Non- controlling interest 2.74 2.92 NA NA Earnings Per Share (in `) Basic 9.51 8.34 9.51 8.34 Diluted 9.51 8.34 9.51 8.34
Financial Results. (a) Earnings Per Share. $18,750 (7.5% of Base Comp) will be awarded for achieving earnings per share of at least $0.01.
Financial Results. Seller shall have achieved Broadcast Cash Flow at the Station, when combined with that of WOCT, of no less than Five Million Dollars ($5,000,000) during the twelve month period ended June 30, 1996. For this purpose, Broadcast Cash Flow shall mean net income from advertising time sales excluding non-cash barter or trade transactions, if any, and after restoring thereto amounts previously deducted for depreciation, amortization, interest, management fees, retirement benefits and any other home office allocations.
Financial Results. The Borrower will achieve EBITDA of at least One Hundred Million Dollars U.S. (US$100,000,000) in calendar year 2004, and will achieve annual gross revenues equal to or greater than Fifty Million Dollars U.S. ($50,000,000) in calendar year 2002, One Hundred Fifty Million Dollars U.S. ($150,000,000) in calendar year 2003, and Three Hundred Million Dollars U.S. ($300,000,000) in calendar year 2004; provided, that the foregoing provisions of this Section 4.16 shall be inapplicable at any time after the Borrower has raised at least Two Hundred Fifty Million Dollars U.S. ($250,000,000) after the date hereof through two or more issuances of shares, at least one of which is a public offering.
Financial Results. The results of operations (net income) ----------------- of Advantage determined in accordance with generally accepted accounting principles for the period January 1, 1996 through the Closing shall be no worse than break even. The Shareholder shall have delivered to Buyer audited balance sheets of Advantage as of December 31, 1996 and quarterly thereafter until the Closing, and related statements of income and cash flow for the periods then ended, complied in accordance with generally accepted accounting principles applied on a consistent basis with prior periods, and, if requested by Safeguard, independently audited by Safeguard's accountants. Such interim audited financial statements shall be prepared in accordance with GAAP consistent with the Financial Statements, and shall present fairly the financial position of Advantage as of the end of such period and the results of operations and cash flows for such period in conformity with GAAP, except that such interim financial statements may not contain all footnotes or other textual disclosure required by GAAP and are subject to normal recurring year-end audit adjustments.
Financial Results. The pro forma financial information in Schedule ----------------- 4.1(j) is correct and fairly presents in all material respects the results of operations of the Business for the periods identified.
