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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 355,861,220 339,995,752<br />
Sale of Goods 234,187 147,150<br />
356,095,407 340,142,902<br />
EXPENDITURE<br />
Access Charges 44,356,838 52,034,149<br />
Network Operating 14 74,467,226 63,268,921<br />
Cost of Goods Sold 15 203,225 124,051<br />
Personnel 16 14,371,323 14,336,407<br />
Sales and Marketing 17 24,049,062 21,763,991<br />
Administrative and Other 18 22,401,476 20,875,328<br />
Total Expenditure 179,849,150 172,402,847<br />
Profit before Licence Fee, Other Income,<br />
Finance Expense (Net), Depreciation, Amortisation,<br />
Charity and Donation and Taxation 176,246,257 167,740,055<br />
Licence fee & Spectrum charges (revenue share) 37,548,702 35,821,761<br />
Profit before Other Income, Finance Expense (Net),<br />
Depreciation, Amortisation, Charity and Donation<br />
and Taxation 138,697,555 131,918,294<br />
Other Income 19 897,295 1,407,368<br />
Finance Expense (net) 20 (8,556,474) 17,639,842<br />
Depreciation 38,900,775 32,062,839<br />
Amortisation 2,078,437 1,788,151<br />
Charity and Donation [Rs 30,000 thousand<br />
(March 31, 2009 Rs Nil) paid to Satya Electoral Trust<br />
for political purposes] 179,626 219,463<br />
Profit before Tax 106,992,486 81,615,367<br />
MAT credit (10,385,866) (1,396,304)<br />
[Includes Rs 703,806 thousands for earlier year<br />
(March 31, 2009 Rs 1,093,362 thousand)]<br />
Tax Expense<br />
- Current Tax 19,813,159 9,173,614<br />
[Includes Rs 952,230 thousands for earlier year<br />
(March 31, 2009 Rs Nil)]<br />
- Deferred Tax 3,303,646 (3,959,059)<br />
(Refer Note 13 on Schedule 21 and Note 26 on Schedule 22)<br />
- Fringe Benefit Tax - 358,731<br />
Profit after Tax 94,261,547 77,438,385<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 82,756,363 67,001,104<br />
Profit brought forward 185,028,290 117,972,158<br />
(Refer Schedule 2)<br />
Profit carried to Balance Sheet 267,784,653 184,973,262<br />
Earnings per share (in Rs) - Basic 24.83 20.40<br />
Earnings per share (in Rs) - Diluted 24.82 20.39<br />
(Refer Note 18 on Schedule 21 and Note 28 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 Accounts<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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