Together good things happen - Airtel

As the liability for Gratuity and Leave Encashment are provided on actuarial
basis for the Company as a whole, the amounts pertaining to Directors are not
included above.
Computation of Net Profit in accordance with Section 349 of the Companies Act,
1956, and calculation of Remuneration payable to Directors.
(Rs '000)
Particulars For the year For the year
ended March ended March
31, 2010 31, 2009
Net Profit before tax from ordinary activities 106,992,486 81,615,367
Add: Remuneration to Whole time director's 282,944 276,423
Add: Amount Paid to Non Whole time directors
Add: Depreciation and Amortisation provided
15,997 14,536
in the books * 40,979,212 33,850,990
Add: (Profit)/Loss on Sales of Fixed Assets 170,856 (38,899)
Add: Provision for doubtful debts and advances
Less: Depreciation under Section 350 of the
2,267,530 2,684,358
Companies Act,1956
Net Profit / (Loss) for the year
40,979,212 33,850,990
Under Section 349
Maximum Amount paid / payable to
109,729,813 84,551,785
non whole-time Directors Restricted to 1%
Maximum Amount paid / payable to
1,097,298 845,518
whole-time Directors Restricted to 10%
Amount Paid / Payable to Directors
10,972,981 8,455,179
(excluding sitting fees) 298,461 290,479
* The Company provides depreciation on Fixed Assets based on useful lives of assets
that are lower than those implicit in Schedule XIV of the Companies Act, 1956.
Accordingly the rates of depreciation followed by Company are higher than the
minimum prescribed rate as per Schedule XIV.
Remuneration paid/payable to director from subsidiary company
(Rs '000)
Particulars For the year For the year
ended March ended March
31, 2010 31, 2009
Whole Time Directors
Salary 24,810 20,085
Contribution to Provident fund
and other funds 2,977 2,205
Performance Linked Incentive 21,420 16,800
Total Remuneration payable to
director from subsidiary company 49,207 39,090
Non Whole Time Directors
Sitting Fees 50 30
Total amount paid /payable to
non whole time directors 50 30
Total Managerial Remuneration 49,257 39,120
As the liabilities for gratuity and leave encashment are provided on actuarial basis for
the Company as a whole, the amounts pertaining to directors are not included above.
17. Auditors Remuneration :
(Rs '000)
Particulars For the year For the year
ended March ended March
31, 2010 31, 2009
- Audit Fee* 39,088 38,888
- As adviser, or in any other capacity,
in respect of-
(i) taxation matters; 179 150
(ii) company law matters; Nil Nil
(iii)management services; and Nil Nil
- in any other manner * 8,930 6,239
- Reimbursement of Expenses * 5,061 4,659
Total
* Excluding Service Tax
53,258 49,936
18. Amounts due to micro and small enterprises under Micro, Small
and Medium Enterprises Development Act, 2006 aggregate to
Rs 37,617 thousand (March 31, 2009 – Rs 44,258 thousand )
based on the information available with the Company and the
confirmation received from the creditors till the year end. :
(Rs '000)
Sr Particulars March March
No 31, 2010 31, 2009
1 The principal amount and the interest due
thereon [Rs 138 thousand (March 31, 2009 –
Rs 871 thousand)] remaining unpaid to any
supplier as at the end of each accounting year.
37,617 44,258
2 The amount of interest paid by the buyer in terms
of section 16 of the Micro Small and Medium
Enterprise Development Act, 2006, along with
the amounts of the payment made to the
supplier beyond the appointed day during
each accounting year
- -
3 The amount of interest due and payable for the
period of delay in making payment (which
have been paid but beyond the appointed
day during the year) but without adding the
interest specified under Micro Small and
Medium Enterprise Development Act, 2006
- -
4 The amount of interest accrued and remaining
unpaid at the end of each accounting year;
138 871
5 The amount of further interest remaining due and
payable even in the succeeding years, until
such date when the interest dues as above are
actually paid to the small enterprise for
the purpose of disallowance as a deductible
expenditure under section 23 of the Micro
Small and Medium Enterprise Development
Act, 2006.
- -
19. Quantitative Information
2009-10
Particulars Year ended Purchases Utilisation
Sales Year ended
(Refer Note 3 below) (Refer Note 4 below)
March 31, 2009 2009-10 2009-10 2009-10 March 31, 2010
Qty Value Qty Value Qty Value Qty Value Qty Value
Nos. ('000) Nos. ('000) Nos. ('000) Nos. ('000) Nos. ('000)
Simcards (Refer Note 1 below)
TDMA/PAMA VSATs Assembly sets
27,847,184 602,211 121,618,363 2,113,609 115,822,752 2,458,631 - 10 33,642,795 257,189
(Refer Note 2 below)
Internet Modem, Handsets Antennae
- 6,646 - 121,153 - 24,836 - 111,193 - 8,465
& others (Refer Note 2 below) - 12,653 - 552,480 - 449,617 - 122,984 - 6,789
621,510 2,787,242 2,933,084 234,187 272,443