NETWORK I2i LIMITED
NETWORK i2i LIMITED AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2020 NETWORK i2i LIMITED Contents Page No. 1. Corporate Information 3 2. Commentary of the Directors 4 3. Certificate from the secretary 5 4. Independent Auditor’s Report 7-8 5. Financial Statements - Statement of Comprehensive Income 9 - Statement of Financial Position 10 - Statement of Changes in Equity 11 - Statement of Cash Flows 12 - Notes to Financial Statements 13-54 NETWORK i2i LIMITED CORPORATE INFORMATION Date of Appointment DIRECTORS Bashirali Abdulla Currimjee February 09, 2001 Jantina Catharina Van De Vreede May 22, 2013 Naushad Ally Sohoboo September 06, 2013 Ajay Chitkara August 24, 2015 Rajvardhan Singh Bhullar April 18, 2016 Pravin Surana January 01, 2020 ADMINISTRATOR IQ EQ Corporate Services Mauritius Ltd. AND SECRETARY 33 Edith Cavell Street Port Louis, 11324 Mauritius REGISTERED OFFICE C/o IQ EQ Corporate Services Mauritius Ltd. 33 Edith Cavell Street Port Louis, 11324 Mauritius BANKERS Standard Chartered Bank (Mauritius) Limited 19 Bank Street, 6th floor, Standard Chartered Tower, Cybercity, Ebene, Mauritius – 72201 BNP Paribas, The Netherlands Herengracht, 595 1017, CE Amsterdam AUDITOR Deloitte 7th -8th Floor, Standard Chartered Tower, 19-21 Bank Street, Cybercity, Ebene, 72201, Mauritius 3 NETWORK i2i LIMITED COMMENTARY OF THE DIRECTORS The Directors present their commentary, together with the audited financial statements of Network i2i Limited (the ‘Company ’) for the year ended Mar ch 31, 20 20 . PRINCIPAL ACTIVITY The principal activity of the Company is the operation and provision of telecommunication facilities and services utilising a network of submarine cable systems and associated terrestrial capacity. The network consists of a 3,200 kilometer cable link between Singapore and India.
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