Together good things happen - Airtel

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16. 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 Akhil Gupta Manoj Kohli Sanjay Kapoor (w.e.f. March 1, 2010) Other Related Parties Name of the related Party and relationship 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
Related Party Transaction for 2009-10 (Rs '000) Nature of transaction Bharti Singapore Pastel Bharti Comviva Beetel Teletech Telecom Bharti Realty Guernsey Bharti Realty Fieldfresh Foods Bharti AXA Telecom Telecommunications Limited Wal-Mart Technologies Limited (Seychelles) Limited Airtel Holdings Private Limited Life Insurance Limited Limited Private Limited (formerly Limited (formerly Limited Limited (formerly Company Limited Bharti Bharti Realty (formerly Bharti Del Limited Teletech Private Tamarind Monte India Limited) Limited) Project Private Private Limited) Limited) Purchase of fixed assets/Bandwidth - (170,856) - - (2,379) (677,881) - - - - - - Sale of fixed assets - - - - - - - - - - - - Purchase of Investments - - - - - - - - - - - - Sales of Investments - - - - - - - - - - - - Rendering of services - 1,353,918 - 5,435 6,991 239,455 40,582 - 3,978 - - 15,215 Receiving of services - (855,914) - - (479,737) (354,530) (18,904) (389,683) - (14,354) - - Management fee (including service tax) - - - - - - - - - - - - Fund transferred/includes expenses incurred on behalf of others - - - 2,427 25,889 1,248 2,821 - - - 820 - Fund received/includes expenses incurred on behalf of Company (9,078) - - - - - - (9,253) - - - - Employee related transaction incurred on behalf of others - - - - - - - - - - - - Employee related transaction incurred on behalf of Company - - - - - - - (658) - - - - Salary - - - - - - - - - - - - Donation - - - - - - - - - - - - Amount received on exercise of ESOP options - - - - - - - - - - - - Security deposit/Advances paid - - - - - - - 55,197 - - - - Loan to Related Party - - - - - - - - - - - - Interest received on fund transferred - - - - - - - - - - - - Dividend paid 1,719,972 - 591,319 - - - - - - - - - Closing balance - 442,749 - 7,266 (36,669) 75,369 4,298 627,502 7,748 8,487 - 250 Unsecured Loan - - - - - - - - - - - - Creditors - - - - (36,669) - - - - - - - Loans and Advances - - - 2,004 - - - 627,502 - 8,487 - - Debtors - 442,749 - 5,262 - 75,369 4,298 - 7,748 - - 250 Closing Balance - 442,749 - 7,266 (36,669) 75,369 4,298 627,502 7,748 8,487 - 250 Maximum Loans and Advance Outstanding during the year 9,078 - - 2,427 - - - 627,502 - 8,487 - - Guarantees and Collaterals - - - - - - - - - - - - Bharti Airtel Annual Report 2009-10 147
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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
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g) Tenure of independent directors
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directors will be entitled to commi
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- Matters required to be included i
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Key Responsibilities Key responsibi
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Special resolutions passed at the l
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MEANS OF COMMUNICATION The quarterl
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Distribution of shareholding By num
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The Board of directors, Bharti Airt
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Annexure referred to in paragraph 4
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(x) The Company has no accumulated
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Particulars C. Cash flow from finan
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Particulars SCHEDULE : 3 SECURED LO
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Particulars SCHEDULE : 6 INVESTMENT
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Particulars SCHEDULE : 9 CASH AND B
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SCHEDULE: 21 STATEMENT OF SIGNIFICA
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Forward Exchange Contracts covered
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Minimum Alternative Tax (MAT) credi
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Unless otherwise stated below, the
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6. Employee benefits a) During the
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e) The estimates of future salary i
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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 and 102: Bharti Airtel Annual Report 2009-10
Page 103 and 104: 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 147: Bharti Airtel Annual Report 2009-10
Page 151 and 152: (Rs '000) Related Party Transaction
Page 153 and 154: 17. Leases a) Operating Lease - As
Page 155 and 156: d) 2006 Plan under the Old Scheme T
Page 159 and 160: 24. As at March 31, 2010 the accumu
Page 161 and 162: Notice is hereby given that the fif
Page 163 and 164: EXPLANATORY STATEMENT (Under sectio
Page 165: Mr. Rakesh Bharti Mittal Date of bi
Page 169: To Karvy Computershare Private Limi
Page 172: Bharti Airtel Limited, Bharti Cresc
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