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Bharti <strong>Airtel</strong> Annual Report 2009-10<br />
(Rs '000)<br />
Particulars Schedule For the year ended For the year ended<br />
No. March 31, 2010 March 31, 2009<br />
INCOME<br />
Service Revenue 417,294,885 372,328,114<br />
Sale of Goods 999,731 1,192,696<br />
418,294,616 373,520,810<br />
EXPENDITURE<br />
Access Charges 44,806,463 52,908,719<br />
Network Operating 14 89,123,912 62,465,716<br />
Cost of Goods Sold 15 858,915 998,537<br />
Personnel 16 17,534,371 17,022,941<br />
Sales and Marketing 17 27,896,807 24,473,799<br />
Administrative and Other 18 28,725,570 24,522,970<br />
208,946,038 182,392,682<br />
Profit before Licence Fee, Other Income, Finance Expenses<br />
(Net),Depreciation, Amortisation, Share of Loss in Associates,<br />
Charity and Donation and Taxation 209,348,578 191,128,128<br />
Licence fee and Spectrum charges (revenue share) 40,875,218 38,269,861<br />
Profit before Other Income, Finance Expenses (Net),<br />
Depreciation Amortisation, Charity and Donation,<br />
Share of Loss in Associates, and Taxation 168,473,360 152,858,267<br />
Other Income 19 1,224,744 1,523,814<br />
Finance Expense (Net) 20 (5,029,953) 18,612,828<br />
Depreciation 64,337,218 49,051,901<br />
Less : Amount withdrawn from Reserve for Business<br />
Restructuring as per Scheme of Arrangement (2,343,123) 61,994,095 (2,324,209) 46,727,692<br />
Amortisation 3,549,989 2,911,290<br />
Charity and Donation (Rs 30,000 thousand paid to Satya<br />
Electoral Trust for political purposes (March 31, 2009 Rs Nil) ) 181,324 220,141<br />
Loss of Assosiates 48,283 -<br />
Profit before Tax 108,954,366 85,910,130<br />
MAT credit (11,320,155) (2,317,983)<br />
[Includes Rs 886,285 thousand for earlier years<br />
(March 31, 2009 Rs 1,364,058 thousand)]<br />
Tax Expenses<br />
- Current Tax [Includes Rs 1,033,095 thousand for earlier years 22,317,715 10,400,288<br />
(March 31, 2009 Rs Nil)]<br />
- Deferred Tax 4,341,623 (3,022,126)<br />
(Refer Note 14 on Schedule 21 and Note 18 on Schedule 22)<br />
- Fringe Benefit Tax - 408,131<br />
Profit after Tax before Minority Interest 93,615,183 80,441,820<br />
Minority Interest (Refer Note 2 on Schedule 21 and<br />
Note 9 on Schedule 22) 1,983,899 1,852,275<br />
Profit for the year 91,631,284 78,589,545<br />
Transferred from Debenture Redemption Reserve 38,160 4,411<br />
Transferred to General Reserve 7,100,000 6,000,000<br />
Dividend Proposed 3,797,530 3,796,480<br />
Dividend Paid 362 -<br />
Tax on Dividend Proposed / Paid 645,452 645,212<br />
Profit after Appropriation 80,126,100 68,152,264<br />
Profit brought forward (Refer Schedule 2) 188,310,180 120,157,916<br />
Profit carried to Balance Sheet 268,436,280 188,310,180<br />
Earnings per share in Rs (Basic) 24.13 20.70<br />
Earnings per share in Rs (Diluted) 24.13 20.70<br />
(Refer Note 19 on Schedule 21 and Note 20 on Schedule 22)<br />
Nominal value of share in Rs 5 5<br />
Statement of Significant Accounting Policies 21<br />
Notes to the Financial Statements 22<br />
As per our report of even date The Schedules referred to above and Notes to the Financial Statements<br />
form an integral part of the Profit and Loss Account<br />
For S.R. BATLIBOI & ASSOCIATES For and on behalf of the Board of Directors of Bharti <strong>Airtel</strong> Limited<br />
Firm Registration No: 101049W<br />
Chartered Accountants<br />
per Prashant Singhal Sunil Bharti Mittal Manoj Kohli<br />
Partner Chairman and Managing Director CEO (International) &<br />
Membership No: 93283 Joint Managing Director<br />
Place : New Delhi Sanjay Kapoor Vijaya Sampath Srikanth Balachander<br />
Date: April 28, 2010 CEO (India & South Asia) Group General Counsel & Chief Financial Officer<br />
Company Secretary<br />
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