AASTHA (South Asian Devotional Music & Discourse Channel)

Pay & Specialty – Financial Summary 2010-2014

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
535420369 AASTHA (South Asian Devotional Music & Discourse Channel) Asian Television Network International Limited Chandrasekar, Shan Pay-TV (category B service) 2014

Revenue ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 37,961 34,869 -8.15 37,869 8.60 1,072 -97.17 973 -9.24 -60.0
DTH revenue 70,500 64,757 -8.15 70,329 8.60 106,157 50.94 96,315 -9.27 8.1
Local advertising revenue 2,582 3,446 33.46 8,728 153.28 17,280 97.98 9,314 -46.10 37.8
National advertising revenue 1,390 1,855 33.45 4,700 153.37 7,058 50.17 3,805 -46.09 28.6
Other revenue 0 0 n/a 0 n/a 0 n/a 0 n/a
Total Revenue 112,433 104,927 -6.68 121,626 15.91 131,567 8.17 110,407 -16.08 -0.5

Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Programming and Production 82,231 83,024 0.96 82,718 -0.37 90,845 9.82 62,519 -31.18 -6.6
Technical 54,737 42,366 -22.60 44,831 5.82 38,908 -13.21 27,904 -28.28 -15.5
Sales and Promotion 23,931 17,968 -24.92 23,075 28.42 4,749 -79.42 1,424 -70.01 -50.6
Administration and General 46,596 49,026 5.22 25,437 -48.12 3,376 -86.73 1,938 -42.59 -54.8
Total Expenses 207,495 192,384 -7.28 176,061 -8.48 137,878 -21.69 93,785 -31.98 -18.0

Performance ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Income -95,062 -87,457 -54,435 -6,311 16,622
Depreciation 1,327 920 -30.67 1,407 52.93 14,087 901.21 2,286 -83.77 14.6
P.B.I.T. -96,389 -88,377 -55,842 -20,398 14,336
Interest Expense 399 -61 -115.29 51 -183.61 1,782 >999± 1,403 -21.27
Adjustments - Gain (Loss) 4,762 -16 -100.34 250 >999± 0 -100.00 0 n/a
Pre-tax Profit -92,026 -88,332 -55,643 -22,180 12,933

Canadian Programming Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Acquisition of rights 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Script & concept 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Filler Programming + Program Production 55,015 55,487 0.86 52,167 -5.98 25,061 -51.96 7,315 -70.81 -39.6
Investment in Programming 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Canadian Programming 55,015 55,487 0.86 52,167 -5.98 25,061 -51.96 7,315 -70.81 -39.6
Canadian Programming/Revenue (%) 48.93 52.88 42.89 19.05 6.63

Staff ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Total Remuneration 85,414 81,508 -4.57 53,696 -34.12 20,261 -62.27 0 -100.00 -100.0
Total Staff Count 3 3 0.00 1.19 -60.33 0.43 -63.87 0 -100.00
Avg Remuneration 28,471 27,169 -4.57 45,123 66.08 47,119 4.42 n/a n/a n/a

Subscribers
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Subscribers 4,053 4,881 20.43 4,466 -8.50 4,313 -3.43 3,525 -18.27 -3.4

Profitability (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Margin -84.5 -83.4 -44.8 -4.8 15.1
P.B.I.T. Margin -85.7 -84.2 -45.9 -15.5 13.0
Pre-tax Margin -81.8 -84.2 -45.7 -16.9 11.7
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