In Excel, hours, minutes, and seconds are represented as fractional parts of one day. One hour is one twenty-fourth part of a day or =1/24; one minute is =1/(24*60) or =1/1440; one second is =1/(24*60*60) or 1/86400.
If you have the number of minutes, your formula should be:
[19/03/2016 16:42:56] - [77.44 / 1440] = 19/03/2016 hh:mm