Together good things happen - Airtel

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23.Related Party Disclosures : In accordance with the requirements of Accounting Standards (AS) -18 on Related Party Disclosures, the names of the related parties where control exists and/or with whom transactions have taken place during the year and description of relationships, as identified and certified by the management are: List of Related Parties: Key Management Personnel : Sunil Bharti Mittal Manoj Kohli Sanjay Kapoor (w.e.f. March 1, 2010) Other Related Parties Name of the Related Party and Relationship Subsidiary Companies Bharti Hexacom Limited Bharti Airtel Services Limited Bharti Telemedia Limited Bharti Airtel (USA) Limited Bharti Airtel Lanka (Private) Limited Bharti Airtel (UK) Limited Bharti Airtel (Canada) Limited Bharti Airtel (Hongkong) Limited Bharti Infratel Limited Network i2i Limited Bharti Airtel Holdings (Singapore) Pte Limited Bharti Airtel (Singapore) Private Limited Bharti International (Singapore) Pte Limited (subsidiary of Bharti Airtel Holdings (Singapore) Pte Limited) Bharti Airtel International (Netherlands) B.V (subsidiary of Bharti International (Singapore) Pte Limited) * Warid Telecom International Limited (subsidiary of Bharti Airtel Holdings (Singapore) Pte Limited)* Bharti Infratel Lanka (Private) Limited (subsidiary of Bharti Airtel Lanka (Private) Limited) Bharti Infratel Ventures Limited (subsidiary of Bharti Infratel Limited) Associates Alcatel-Lucent Network Management Services India Limited * Bharti Teleports Limited Joint Venture/Joint Venture of Subsidiary Forum I Aviation Limited Indus Towers Limited Bridge Mobile Pte Limited Entities where Key Management Personnel exercises significant influence / Group Companies Beetel Teletech Limited (formerly Bharti Teletech Limited) Bharti Airtel Employees Welfare Trust (formerly Bharti Tele-ventures Employees Welfare Trust) Bharti Axa General Insurance Company Limited Bharti Axa Investment Managers Private Limited Bharti Axa Life Insurance Company Limited Bharti Enterprises Limited Bharti Foundation Bharti Realty Holdings Limited (formerly Tamarind Projects Private Limited) Bharti Realty Limited (formerly Bharti Realty Private Limited) Bharti Retail Limited (formerly Bharti Retail Private Limited) Bharti Wal-Mart Private Limited Centum Learning Limited Comviva Technologies Limited Fieldfresh Foods Private Limited (formerly Bharti Del Monte India Private Limited) Guernsey Airtel Limited Jataayu Software Limited (merged with Comviva Technologies Limited w.e.f 01-04-2008) Jersey Airtel Limited Telecom (Seychelles) Limited Entity having significant influence Singapore Telecommunications Limited Pastel Limited Bharti Telecom Limited * Refer Note 2 on Schedule 22
Related Party Transaction for 2009-10 (Rs '000) Nature of transaction Bharti Bharti Airtel Bharti Bharti Bharti Airtel Bharti Airtel Bharti Airtel Bharti Bharti Airtel Bharti Airtel Bharti Hexacom Services Airtel (USA) Airtel (UK) (Canada) (Hongkong) Holdings International International (Singapore) Telemedia Limited * Limited Limited Limited Limited Limited (Singapore) (Singapore) (Netherlands) Private Limited Pte Limited Pte Limited B.V Limited Purchase of fixed assets/Bandwidth (118,974) - - - - - - - - (3,072,593) - Sale of fixed assets 1,243,029 3,790 - - - - - - - 399,170 38,304 Purchase of Investments - - - - - - - - - - - Sale of Investments - - - - - - - - - - - Rendering of services 4,511,443 14,024 475,422 20,175 8,058 - - - - 21,133 189,831 Receiving of services (1,309,981) (3,719,792) (164,676) (102,765) - (11,351) - - - (221,339) (27,985) Management fee (including service tax) 546,724 - - - - - - - - - - Fund transferred/includes expenses incurred on behalf of others 6,582,313 3,959,483 - - - - - - - - 8,824,564 Fund received/includes expenses incurred on behalf of Company (8,969,310) (4,263,149) - - - - - - - - (202,774) Employee related transaction incurred on behalf of others 21,841 74,665 - - - - - - - - 20,471 Employee related transaction incurred on behalf of Company (7,942) (10,923) - - - - - - - - (9,736) Salary - - - - - - - - - - - Donation - - - - - - - - - - - Amount received on exercise of ESOP options - - - - - - - - - - - Security deposit/Advances paid - - - - - - - - - - - Security deposit/Advances received - - - - - - - - - - - Loan to Related Party - - - - - - - - - - - Subscription to share capital - - - - 3,180 - 14,141,667 137 12 - - Interest received on fund transferred 70,595 - 3,306 - 44 - - - - - - Dividend paid - - - - - - - - - - - Closing balance 183,110 123,703 742,073 (128,068) 11,954 (11,478) - - - (4,015,630) 14,879,527 Unsecured Loan - - - - - - - - - - - Creditors - (201,297) - (129,690) - (11,478) - - - (4,015,630) - Loans and Advances - 325,000 56,151 1,622 554 - - - - - 14,879,527 Debtors 183,110 - 685,922 - 11,400 - - - - - - Closing Balance 183,110 123,703 742,073 (128,068) 11,954 (11,478) - - - (4,015,630) 14,879,527 Maximum Loans and Advance Outstanding during the year 1,434,598 325,000 56,151 1,622 554 - - - - - 14,879,527 Guarantees and Collaterals 1,207,546 92,784 - - - - 6,640,584 - - 8,073 493,220 * Refer Note 27 on Schedule 22 Bharti Airtel Annual Report 2009-10 101
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Together good things happen... Bhar
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Table of contents 1 2 3 4 5 6 7 8 9
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Corporate history and Top 30 shareh
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Awards & honours With a belief that
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Chairman’s message Closer home, w
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To be provided Akhil Gupta Chua Soc
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Pulak Chandan Prasad Rakesh Bharti
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Bharti Airtel Annual Report 2009-10
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CEO (India & South Asia)’s Airtel
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Airtel Experience Last year was tru
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Together good things happen custome
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Together good things happen Bharti
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Taking everybody along Bharti Airte
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Photos by Amit Bhatia, Legal & Regu
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exemption to the Company from attac
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In July 2009, the Company has sub-d
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egarding compliance of conditions o
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Information regarding the Employees
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• Restriction on Sale of Equity O
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FINANCIAL PERFORMANCE (Amount in Rs
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INTERNAL CONTROL SYSTEMS The Compan
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consent. The appointments of such d
Page 51 and 52: g) Tenure of independent directors
Page 53 and 54: directors will be entitled to commi
Page 55 and 56: - Matters required to be included i
Page 57 and 58: Key Responsibilities Key responsibi
Page 59 and 60: Special resolutions passed at the l
Page 61 and 62: MEANS OF COMMUNICATION The quarterl
Page 63 and 64: Distribution of shareholding By num
Page 65 and 66: The Board of directors, Bharti Airt
Page 67 and 68: Annexure referred to in paragraph 4
Page 69 and 70: (x) The Company has no accumulated
Page 71 and 72: Bharti Airtel Annual Report 2009-10
Page 73 and 74: Particulars C. Cash flow from finan
Page 75 and 76: Particulars SCHEDULE : 3 SECURED LO
Page 77 and 78: Particulars SCHEDULE : 6 INVESTMENT
Page 79 and 80: Particulars SCHEDULE : 9 CASH AND B
Page 83 and 84: SCHEDULE: 21 STATEMENT OF SIGNIFICA
Page 85 and 86: Forward Exchange Contracts covered
Page 87 and 88: Minimum Alternative Tax (MAT) credi
Page 89 and 90: Unless otherwise stated below, the
Page 91 and 92: 6. Employee benefits a) During the
Page 93 and 94: e) The estimates of future salary i
Page 95 and 96: epayable on disconnection, net of o
Page 97 and 98: 2008-09 Particulars Year ended Purc
Page 99 and 100: ) Details of trade investments purc
Page 101: Bharti Airtel Annual Report 2009-10
Page 105 and 106: Related Party Transaction for 2009-
Page 111 and 112: 24.Operating lease - As a Lessee Th
Page 113 and 114: (v) The Information concerning stoc
Page 115 and 116: Particulars As at As at March 31, 2
Page 117 and 118: Auditors' Report to The Board of Di
Page 121 and 122: Particulars C. Cash flow from finan
Page 123 and 124: Particulars SCHEDULE : 2 (Cont.) Pr
Page 125 and 126: Particulars SCHEDULE : 6 INVESTMENT
Page 127 and 128: Particulars SCHEDULE : 12 CURRENT L
Page 133 and 134: ecognised over the period of servic
Page 135 and 136: Standard 15 (revised), “Employee
Page 137 and 138: SCHEDULE: 22 NOTES TO THE FINANCIAL
Page 139 and 140: obligations fully due to certain no
Page 141 and 142: c) Reconciliation of opening and cl
Page 143 and 144: Joint Venture Entities: b) The Comp
Page 145 and 146: 13. Particulars of securities charg
Page 151 and 152: (Rs '000) Related Party Transaction
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17. Leases a) Operating Lease - As
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d) 2006 Plan under the Old Scheme T
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24. As at March 31, 2010 the accumu
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Notice is hereby given that the fif
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EXPLANATORY STATEMENT (Under sectio
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Mr. Rakesh Bharti Mittal Date of bi
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To Karvy Computershare Private Limi
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Bharti Airtel Limited, Bharti Cresc
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