Together good things happen - Airtel

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c) Reconciliation of opening and closing balances of benefit obligations and plan assets For the Year ended March 31, 2010 Particulars Gratuity (Rs '000) Leave Encashment Funded Unfunded Total Unfunded Change in Projected Benefit Obligation (PBO) Projected benefit obligation at beginning of year 502,455 155,701 658,156 477,634 Current service cost 96,473 69,444 165,917 136,017 Interest cost 37,667 11,694 49,362 35,823 Benefits paid - (205,424) (205,424) (243,084) Curtailment and Settlement cost - - - - Contribution by plan participants - - - - Past service cost - - - - Actuarial (gain) / loss 2,108 129,919 132,027 127,443 Projected benefit obligation at year end 638,703 161,335 800,038 533,833 Change in plan assets : Fair value of plan assets at beginning of year 75,881 - 75,881 - Expected return on plan assets 5,691 - 5,691 - Actuarial gain / (loss) (5,691) - (5,691) - Employer contribution - - - - Contribution by plan participants - - - - Settlement cost - - - - Benefits paid - - - - Fair value of plan assets at year end 75,881 - 75,881 - Net funded status of the plan (562,822) (161,335) (724,157) (533,833) Net amount recognized (562,822) (161,335) (724,157) (533,833) For the Year ended March 31, 2009 Particulars Gratuity (Rs '000) Leave Encashment Funded Unfunded Total Unfunded Change in Projected Benefit Obligation (PBO) Projected benefit obligation at beginning of year 345,363 100,257 445,620 464,676 Current service cost 137,385 16,290 153,675 137,873 Interest cost 24,644 8,777 33,421 34,851 Benefits paid - (84,228) (84,228) (193,843) Curtailment and Settlement cost - - - - Contribution by plan participants - - - - Past service cost - - - - Actuarial (gain) / loss (4,937) 114,605 109,668 34,077 Projected benefit obligation at year end Change in plan assets : 502,455 155,701 658,156 477,634 Fair value of plan assets at beginning of year 65,247 - 65,247 - Expected return on plan assets 4,894 - 4,894 - Actuarial gain / (loss) (4,893) - (4,893) - Employer contribution 10,633 - 10,633 - Contribution by plan participants - - - - Settlement cost - - - - Benefits paid - - - - Fair value of plan assets at year end 75,881 - 75,881 - Net funded status of the plan (426,574) (155,701) (582,275) (477,634) Net amount recognized (426,574) (155,701) (582,275) (477,634) d) The expected rate of return on plan assets was based on the average long-term rate of return expected to prevail over the next 15 to 20 years on the investments made by the LIC. This was based on the historical returns suitably adjusted for movements in long-term government bond interest rates. The discount rate is based on the average yield on government bonds of 20 years.
e) The estimates of future salary increases, considered in actuarial valuation, take account of inflation, seniority, promotion and other relevant factors, such as supply and demand in the employment market. f) The Group made annual contributions to the LIC of an amount advised by the LIC. The Group was not informed by LIC of the investments made by the LIC or the break-down of plan assets by investment type. g) Estimated amounts of benefits payable within next year are Rs 376,709 thousand (March 31, 2009 Rs 242,918 thousand). h) The table below illustrates experience adjustment disclosure as per para 120 (n) (ii) of Accounting Standard 15, ‘Employee Benefits’ (Rs '000) Gratuity Leave Encashment Particulars As at As at As at As at As at As at As at As at March 31, March 31, March 31, March 31, March 31, March 31, March 31, March 31, 2010 2009 2008 2007 2010 2009 2008 2007 Defined benefit obligation 800,038 658,156 445,620 356,849 533,833 477,634 464,676 366,542 Plan assets 75,881 75,881 65,247 63,256 - - - - Surplus / (deficit) (724,157) (582,275) (380,373) (293,593) (533,833) (477,634) (464,676) (366,542) Experience adjustments on plan liabilities (129,758) (82,181) (39,808) 41,650 (105,935) (16,439) (68,090) 36,970 Experience adjustments on plan assets (5,691) (4,894) (4,733) 393 - - - i) Movement in provision for Deferred Incentive Plan (Rs '000) Particulars For the year ended For the year ended March 31, 2010 March 31, 2009 Opening Balance 470,248 103,172 Addition during the year 671,839 463,797 Less : Utilized during the year 533,252 96,721 Closing Balance 608,835 470,248 j) Other long term service benefits are provided based on actuarial valuation (as per the Projected Unit Credit Method) made at the end of each financial year. Long term service award provided by the Company as at March 31, 2010 is Rs 115,743 thousand (March 31, 2009 Rs 95,502 thousand). 7. Investment in Joint Ventures / Jointly owned assets: Jointly owned assets a) The Company has participated in various consortiums towards supply, construction, maintenance and providing long term technical support with regards to following Cable Systems. The details of the same are as follows: For the Year ended March 31, 2010 Cable Project Total Capital Work In WDV As at Share % Contribution Progress March 31, 2010 ( Rs '000 ) ( Rs '000 ) ( Rs '000 ) SMW-4 2,514,188 - 1,917,080 11.19% AAG - Project 1,804,191 - 1,757,397 7.08% EASSY - Project 107,578 107,578 - 1.00% EIG - Project 1,387,385 1,387,385 - 7.09% IMEWE- Project 2,037,223 2,037,223 - 12.79% Unity - Project - Common & Others 1,196,612 61,178 1,134,993 10.00% Unity - Project - Light Up 149,201 - 149,143 13.91% For the Year ended March 31, 2009 Bharti <strong>Airtel</strong> Annual Report 2009-10 Cable Project Total Capital Work In WDV As at Share % Contribution Progress March 31, 2010 ( Rs '000 ) ( Rs '000 ) ( Rs '000 ) SMW-4 2,514,188 331,727 1,763,754 10.76% AAG - Project 1,212,110 1,212,110 - 7.08% EASSY - Project 29,753 29,753 - 1.11% EIG - Project 550,389 550,389 - 7.09% IMEWE- Project 1,157,698 1,157,698 - 12.79% Unity - Project - Common & Others 323,939 323,939 - 10.00% Unity - Project - Light Up 40,541 40,541 - 13.91% 91
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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
Page 41 and 42: Information regarding the Employees
Page 43 and 44: • Restriction on Sale of Equity O
Page 45 and 46: FINANCIAL PERFORMANCE (Amount in Rs
Page 47 and 48: INTERNAL CONTROL SYSTEMS The Compan
Page 49 and 50: 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: 6. Employee benefits a) During the
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 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
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Joint Venture Entities: b) The Comp
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13. Particulars of securities charg
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Related Party Transaction for 2009-
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(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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Together good things happen - Airtel

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