Together good things happen - Airtel

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 Airtel 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%
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