Together good things happen - Airtel
Together good things happen - Airtel 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
2008-09 Particulars Year ended Purchases Utilisation Sales Year ended (Refer Note 3 below) (Refer Note 4 below) March 31, 2008 2008-09 2008-09 2008-09 March 31, 2009 Simcards (Refer Note 1 below) 28,638,046 548,788 78,966,688 1,835,243 79,757,550 1,618,471 - 459 27,847,184 602,211 TDMA/PAMA VSATs Assembly sets (Refer Note 2 below) - 2,453 - 73,899 - 63,324 - 8,211 - 6,646 Internet Modem, Handsets Antennae & others (Refer Note 2 below) - 17,366 - 960,285 - 1,010,678 - 138,480 - 12,653 568,607 2,869,427 2,692,473 147,150 621,510 (1) Closing stock excludes value of simcards issued free of cost (2) The quantitative information for TDMA / PAMA VSATs, Assembly sets, Modems, handsets antennas and others has not been given since they constitute voluminous small items. (3) Utilisation includes internal utilisation. (4) Includes deferred revenue recognized during the year with respect to sim cards. (5) Utilization includes Provision for diminution in value of closing stock Rs 209,661 thousand (March 31,2009 Rs 20,827 thousand) 20.The details of investments required as per Schedule VI of the Companies Act, 1956 are provided below: a) Details of Investments held as at March 31, 2010 Bharti Airtel Annual Report 2009-10 Qty Value Qty Value Qty Value Qty Value Qty Value Nos. ('000) Nos. ('000) Nos. ('000) Nos. ('000) Nos. ('000) Particulars As at As at As at As at March 31, 2010 March 31, 2010 March 31, 2009 March 31, 2009 (No. of Units) Cost (No. of Units) Cost ('000) ('000) Other than Trade ( Un Quoted) 6.02% Certificate of Deposit of ICICI Bank 10,500 1,045,435 - - 6.00% Certificate of Deposit of ICICI Bank 5,000 497,221 - - 6.00% Certificate of Deposit of Punjab National Bank 5,000 497,872 - - 6.20% Certificate of Deposit of Bank of Baroda 5,000 499,146 - - 6.25% Certificate of Deposit of Canara Bank 5,000 499,231 - - 6.00% Certificate of Deposit of Canara Bank 4,000 398,232 - - 6.10% Certificate of Deposit of Canara Bank 4,500 449,100 - - 5.54% Certificate of Deposit of Canara Bank 5,000 496,683 - - 6.25% Certificate of Deposit of State Bank of Hyderabad 2,500 249,658 - - Investment in India Innovation Fund 1 1,000 - - 7.30% REC Secured Bonds 30 28,993 30 27,703 7.16% Certificate of Deposit of Axis Bank Ltd - - 2,500 247,284 7.23% Certificate of Deposit of Kotak Bank Ltd - - 2,500 247,306 6.75% Certificate of Deposit of Allahabad Bank - - 5,000 492,800 7.59% Certificate of Deposit of Yes Bank - - 2,500 247,407 6.87% Certificate of Deposit of Punjab National Bank - - 2,500 244,884 6.00% ICD With Rabo India Finance Limited - - 1 250,000 Total (A) 4,662,570 1,757,384 Other than trade (Unquoted)- Government Securities National Saving Certificate 18 1,800 18 1,800 Deposits - - - 35 Total (B) 1,800 1,835 Other than Trade (Quoted)- Mutual Funds TATA Floater Fund - Growth 340,049,908 4,575,767 31,654,324 406,787 DWS Ultra Short Term Fund - Institutional Growth 245,114,886 2,587,782 19,683,683 201,571 Kotak Floater Long Term - Growth 222,824,916 3,197,880 63,860,748 885,867 IDFC Money Manager Fund - Treasury Plan- Super Inst Plan C - Growth 188,144,674 2,014,697 51,224,769 531,230 ICICI Prudential Ultra Short Term Plan - Super Premium Growth 152,219,277 1,555,538 - - Birla Sun Life Short Term Fund - Institutional Growth 91,692,646 1,000,000 8,688,053 88,044 HDFC Floating Rate Income Fund - Short Term Plan - Wholesale Plan - Growth 91,023,759 1,410,049 - - Reliance Medium Term Fund - Retail Plan -Growth Plan - Growth Option 87,566,726 1,649,968 47,904,440 867,940 Fidelity Ultra Short Term Debt Fund Super Institutional - Growth 86,298,136 987,852 31,284,742 351,982 95
- 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 81 and 82: Bharti Airtel Annual Report 2009-10
- 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 and 92: 6. Employee benefits a) During the
- Page 93 and 94: e) The estimates of future salary i
- Page 95: epayable on disconnection, net of o
- 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 105 and 106: Related Party Transaction for 2009-
- Page 107 and 108: Related Party Transaction for 2008-
- Page 109 and 110: Related Party Transaction for 2008-
- 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 119 and 120: Bharti Airtel Annual Report 2009-10
- 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 129 and 130: Bharti Airtel Annual Report 2009-10
- Page 131 and 132: Bharti Airtel Annual Report 2009-10
- 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
2008-09<br />
Particulars Year ended Purchases Utilisation<br />
Sales Year ended<br />
(Refer Note 3 below) (Refer Note 4 below)<br />
March 31, 2008 2008-09 2008-09 2008-09 March 31, 2009<br />
Simcards (Refer Note 1 below) 28,638,046 548,788 78,966,688 1,835,243 79,757,550 1,618,471 - 459 27,847,184 602,211<br />
TDMA/PAMA VSATs Assembly sets<br />
(Refer Note 2 below) - 2,453 - 73,899 - 63,324 - 8,211 - 6,646<br />
Internet Modem, Handsets Antennae<br />
& others (Refer Note 2 below) - 17,366 - 960,285 - 1,010,678 - 138,480 - 12,653<br />
568,607 2,869,427 2,692,473 147,150 621,510<br />
(1) Closing stock excludes value of simcards issued free of cost<br />
(2) The quantitative information for TDMA / PAMA VSATs, Assembly sets, Modems, handsets antennas and others has not been given since they constitute voluminous small items.<br />
(3) Utilisation includes internal utilisation.<br />
(4) Includes deferred revenue recognized during the year with respect to sim cards.<br />
(5) Utilization includes Provision for diminution in value of closing stock Rs 209,661 thousand (March 31,2009 Rs 20,827 thousand)<br />
20.The details of investments required as per Schedule VI of the Companies Act, 1956 are provided below:<br />
a) Details of Investments held as at March 31, 2010<br />
Bharti <strong>Airtel</strong> Annual Report 2009-10<br />
Qty Value Qty Value Qty Value Qty Value Qty Value<br />
Nos. ('000) Nos. ('000) Nos. ('000) Nos. ('000) Nos. ('000)<br />
Particulars As at As at As at As at<br />
March 31, 2010 March 31, 2010 March 31, 2009 March 31, 2009<br />
(No. of Units) Cost (No. of Units) Cost<br />
('000) ('000)<br />
Other than Trade ( Un Quoted)<br />
6.02% Certificate of Deposit of ICICI Bank 10,500 1,045,435 - -<br />
6.00% Certificate of Deposit of ICICI Bank 5,000 497,221 - -<br />
6.00% Certificate of Deposit of Punjab National Bank 5,000 497,872 - -<br />
6.20% Certificate of Deposit of Bank of Baroda 5,000 499,146 - -<br />
6.25% Certificate of Deposit of Canara Bank 5,000 499,231 - -<br />
6.00% Certificate of Deposit of Canara Bank 4,000 398,232 - -<br />
6.10% Certificate of Deposit of Canara Bank 4,500 449,100 - -<br />
5.54% Certificate of Deposit of Canara Bank 5,000 496,683 - -<br />
6.25% Certificate of Deposit of State Bank of Hyderabad 2,500 249,658 - -<br />
Investment in India Innovation Fund 1 1,000 - -<br />
7.30% REC Secured Bonds 30 28,993 30 27,703<br />
7.16% Certificate of Deposit of Axis Bank Ltd - - 2,500 247,284<br />
7.23% Certificate of Deposit of Kotak Bank Ltd - - 2,500 247,306<br />
6.75% Certificate of Deposit of Allahabad Bank - - 5,000 492,800<br />
7.59% Certificate of Deposit of Yes Bank - - 2,500 247,407<br />
6.87% Certificate of Deposit of Punjab National Bank - - 2,500 244,884<br />
6.00% ICD With Rabo India Finance Limited - - 1 250,000<br />
Total (A) 4,662,570 1,757,384<br />
Other than trade (Unquoted)- Government Securities<br />
National Saving Certificate 18 1,800 18 1,800<br />
Deposits - - - 35<br />
Total (B) 1,800 1,835<br />
Other than Trade (Quoted)- Mutual Funds<br />
TATA Floater Fund - Growth 340,049,908 4,575,767 31,654,324 406,787<br />
DWS Ultra Short Term Fund - Institutional Growth 245,114,886 2,587,782 19,683,683 201,571<br />
Kotak Floater Long Term - Growth 222,824,916 3,197,880 63,860,748 885,867<br />
IDFC Money Manager Fund - Treasury Plan- Super Inst Plan C - Growth 188,144,674 2,014,697 51,224,769 531,230<br />
ICICI Prudential Ultra Short Term Plan - Super Premium Growth 152,219,277 1,555,538 - -<br />
Birla Sun Life Short Term Fund - Institutional Growth 91,692,646 1,000,000 8,688,053 88,044<br />
HDFC Floating Rate Income Fund - Short Term Plan - Wholesale Plan - Growth 91,023,759 1,410,049 - -<br />
Reliance Medium Term Fund - Retail Plan -Growth Plan - Growth Option 87,566,726 1,649,968 47,904,440 867,940<br />
Fidelity Ultra Short Term Debt Fund Super Institutional - Growth 86,298,136 987,852 31,284,742 351,982<br />
95
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