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Extract Date from now function without using formatting

i have used a now function in which i am getting both date and time , now i want to seperate both date and time without using formatting and without using date and time function. For eg, i can divide , multiply this now function to get date out of it and time too.
 
Thanks somendra for sharing the solution , infact i got one more resolution,use TEXT function
11/5/2014 14:45
=TEXT(NOW(),"DD-MM-YY") for DATE
=TEXT(NOW(),"HH:MM:SS") for TIME
 
@Umesh Chahar

With TEXT function, you cannot do any calculation directly on the result and you have to convert the TEXT result into numbers by adding 0 or by -- operator.

Regards,
 
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