Together good things happen - Airtel

) Details of trade investments purchased and sold during the year
Trade Investment Balance as on Purchased Sale /
April 1, 2009 During the Year Redemption
Investment in Subsidiaries
Units (Rs. '000) Units (Rs. '000) Units (Rs. '000)
Bharti Hexacom Limited 174,999,980 5,717,628 - - - -
Bharti Infratel Limited 500,000,000 82,181,703 - - - -
Bharti Telemedia Limied * 4,080,000 40,902 5,610,000 73,795 - -
Network i2i Limited 9,000,000 5,316,039 - - - -
Bharti Airtel Lanka ( Private ) Limited 525,596,420 2,049,411 - - - -
Bharti Airtel ( Canada ) Limited 100 4 75,000 3,180 - -
Bharti Airtel ( Hongkong ) Limited 4,959,480 26,333 - - - -
Bharti Airtel ( Singapore ) Private Limited 750,001 20,139 - - - -
Bharti Airtel Holdings ( Singapore ) Pte Limited @ 1 1,106,553 311,000,000 14,141,667 - -
Bharti Airtel ( UK ) Limited 123,663 100,612 - - - -
Bharti Airtel ( USA ) Limited 300 508,971 - - - -
Bharti Airtel Services Limited 100,000 1,000 - - - -
Investment in Subsidiary's Subsidiary
Bharti International (Singapore) Pte. Ltd % - - 3,000 137 - -
Bharti Airtel International (Netherlands) B.V.** - - 200 12 - -
Investment in Joint Ventures
Bridge Mobile PTE Limited 2,200,000 92,237 - - - -
Investment in Associates
Bharti Teleport Limited 1,470,000 14,700 - - - -
Alcatel-Lucent Network Management Services
India Limited # - - 9,000,004 90,000 - -
Others
Investment in IFFCO JV 100,000 50,125 - - - -
Total Trade Investment 97,226,357 14,308,791 -
* Refer Schedule 2 (b) on Schedule 22
@ Refer Schedule 2 (c) on Schedule 22
% Refer Schedule 2 (d) on Schedule 22
** Refer Schedule 2 (e) on Schedule 22
# Refer Schedule 2 (a) on Schedule 22
c) In terms of the approval granted by the Central
Government vide its letter No.46/71/2010 dated April 27,
2010 under Section 211(4) of the Companies Act, 1956,
the Company has been exempted from the requirement of
the disclosure of the movement relating to purchase and
sale of other than trade investments.
21.The Company uses various premises on lease to install
the equipment. A provision is recognized for the costs
to be incurred for the restoration of these premises at
the end of the lease period. It is expected that this
provision will be utilized at the end of the lease period
of the respective sites as per the respective lease
agreements. The movement of Provision in accordance
with AS–29 ‘Provisions, Contingent liabilities and
Contingent Assets’ notified under Companies Accounting
Standards Rules, 2006 (‘as amended’), is given below:
Bharti Airtel Annual Report 2009-10
Site Restoration Cost:
(Rs '000)
Particulars For the year For the year
ended March ended March
31, 2010 31, 2009
Opening Balance 276,653 1,150,541
Addition during the year 64,696 8,984
Transferred under the Scheme
of Arrangement - (882,872)
Adjustment during the year* (179,293) -
Closing Balance 162,056 276,653
* The Company has revised its estimates of provision for Asset
Retirement Obligation (ARO) and consequently reversed provision
amounting to Rs 179,293 thousand with corresponding reduction in
gross block of assets. The change in estimates resulted in lower
depreciation and higher profit before tax by Rs 5,657 thousand for the
year ended March 31, 2010.
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