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to financial statements

46. Auditors’ Remuneration

(` Millions)

For the year ended For the year ended

Particulars

March 31, 2015

March 31, 2014

  • - Audit Fee*
  • 68

5
68

  • 5
  • - Reimbursement of Expenses*

- As advisor for taxation matters* - Other Services*

  • -
  • -

  • 8
  • 11

84

Total

81

* Excluding Service Tax

47. Details of dues to micro and small enterprises as defined under the MSMED Act, 2006

Amounts due to micro and small enterprises under Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 aggregate to ` 10 Mn (March 31, 2014 – ` 38 Mn) based on the information available with the Company and the confirmation obtained from the creditors.

(` Millions)

Sr No Particulars

March 31, 2015

March 31, 2014

  • 1
  • The principal amount and the interest due thereon [` Nil (March 31,

2014 – ` Nil)] remaining unpaid to any supplier as at the end of each

  • 10
  • 38

accounting year

  • 2
  • The amount of interest paid by the buyer in terms of section 16 of

the MSMED Act, 2006, along with the amounts of the payment made to the supplier beyond the appointed day during each accounting year 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 MSMED Act, 2006.
--
-

  • -
  • 3

45
The amount of interest accrued and remaining unpaid at the end of each accounting year; 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 MSMED Act, 2006.
--
--

Bharti Telemedia Limited

48. Related Party Disclosures

  • Bharti Airtel (USA) Limited
  • In accordance with the requirements of Accounting

Standard (AS) -18 on Related Party Disclosures, the names of the related parties where control exists and/ or with whom transactions have taken place during the year and description of relationships are:
Bharti Airtel Lanka (Private) Limited Bharti Airtel (UK) Limited(subsidiary of Bharti Airtel Holdings (Singapore) Pte Ltd) Bharti Airtel (Canada) Limited (Under liquidation)

Name of the related party and related party relationship :

Bharti Airtel (Hongkong) Limited

  • Bharti Infratel Limited (“BIL”)
  • (i) Key Management Personnel

Sunil Bharti Mittal
Bharti Infratel Services Limited

Gopal Vittal
(subsidiary of Bharti Infratel Limited)

Network i2i Limited
(ii) Other Related Parties
Bharti Airtel Holdings (Singapore) Pte Ltd Bharti Infratel Lanka (Private) Limited (subsidiary of Bharti Airtel Lanka (Private) Limited) Airtel M Commerce Services Limited

(a) Entities where control exist – Subsidiary/Subsidiaries of subsidiary

Bharti Hexacom Limited Bharti Airtel Services Limited

164

Annual Report 2014-15

  • INANCIAL STATEMENTS
  • Financial Statements
  • Corporate Overview
  • Statutory Reports

Bharti Airtel Limited

Notes

to financial statements

Airtel Broadband Services Private Limited (w.e.f. June 25, 2013. Amalgamated with Bharti Airtel Limited w.e.f. April 9, 2015)
Airtel Mobile Commerce Madagascar S.A. Airtel Mobile Commerce Rwanda Limited Airtel Mobile Commerce (Seychelles) Limited Airtel Mobile Commerce (Tanzania) Limited Airtel Mobile Commerce Tchad SARL Airtel Mobile Commerce Uganda Limited Airtel Mobile Commerce Zambia Limited Airtel Money (RDC) S.p.r.l
Nxtra Data Limited Bharti Airtel (Japan) Kabushiki Kaisha (subsidiary of Bharti Airtel Holdings (Singapore) Pte Ltd) Bharti Airtel (France) SAS (subsidiary of Bharti Airtel Holdings (Singapore) Pte Ltd) Bharti Airtel International (Mauritius) Limited Bharti International (Singapore) Pte Ltd Airtel Bangladesh Limited (subsidiary of Bharti Airtel Holdings (Singapore) Pte Ltd)
Airtel Money Niger S.A. Airtel Money S.A. (Gabon) Airtel Networks Kenya Limited # Airtel Networks Limited
Bharti Airtel International (Netherlands) B.V.
Airtel Networks Zambia Plc #

Airtel Rwanda Limited #
Bangladesh Infratel Networks Limited (subsidiary of Airtel Bangladesh Limited)
Airtel Tanzania Limited #
Telesonic Networks Limited

Airtel Tchad S.A. #
Wynk Limited (Incorporated on January 13, 2015) ^

Wireless Broadband Business Services (Delhi) Private Limited (w.e.f June 25,2013) *
Airtel Towers (Ghana) Limited Airtel Towers (S.L.) Company Limited Airtel Uganda Limited #
Wireless Broadband Business Services (Haryana)

Private Limited (w.e.f June 25,2013) *
Bharti Airtel Acquisition Holdings B.V. (liquidated on March 31, 2015) Bharti Airtel Africa B.V.
Wireless Broadband Business Services (Kerala) Private Limited, (w.e.f June 25,2013) *

Other subsidiaries of Bharti Airtel International (Netherlands) B.V. :

Bharti Airtel Burkina Faso Holdings B.V. Bharti Airtel Cameroon B.V. (liquidated on March 31, 2015)
Africa Towers N.V.

Bharti Airtel Chad Holdings B.V.

Bharti Airtel Congo Holdings B.V. Bharti Airtel Developers Forum Limited Bharti Airtel DTH Holdings B.V. Bharti Airtel Gabon Holdings B.V. Bharti Airtel Ghana Holdings B.V. Bharti Airtel Kenya B.V.
Africa Towers Services Limited Airtel (Ghana) Limited Airtel (Seychelles) Limited Airtel (SL) Limited # Airtel Burkina Faso S.A. # Airtel Congo S.A # Airtel DTH Services (Sierra Leone) Limited (under liquidation)
Bharti Airtel Kenya Holdings B.V. Bharti Airtel Madagascar Holdings B.V. Bharti Airtel Malawi Holdings B.V. Bharti Airtel Mali Holdings B.V. Bharti Airtel Niger Holdings B.V. Bharti Airtel Nigeria B.V. #
Airtel DTH Services Congo (RDC) S.p.r.l (under liquidation) Airtel DTH Services Nigeria Limited (under liquidation) Airtel DTH Services Tanzania Limited (liquidated on April 3, 2014)
Bharti Airtel Nigeria Holdings B.V. (under liquidation) Bharti Airtel Nigeria Holdings II B.V. Bharti Airtel RDC Holdings B.V. Bharti Airtel Services B.V.
Airtel Gabon S.A. # Airtel Madagascar S.A. # Airtel Malawi Limited # Airtel Mobile Commerce (SL) Limited Airtel Mobile Commerce B.V
Bharti Airtel Sierra Leone Holdings B.V. # Bharti Airtel Tanzania B.V.
Airtel Mobile Commerce Burkina Faso S.A.

Airtel Mobile Commerce (Ghana) Limited Airtel Mobile Commerce Holdings B.V Airtel Mobile Commerce Kenya Limited Airtel Mobile Commerce Limited
Bharti Airtel Uganda Holdings B.V. Bharti Airtel Zambia Holdings B.V. Bharti DTH Services Zambia Limited (Liquidated on November 21, 2014)

Standalone Financial Statements

165

Digital for all

Notes

to financial statements

  • Burkia Faso Towers S.A.
  • Wireless Broadband Business Services (Delhi) Private

Limited (till June 24, 2013)*
Celtel (Mauritius) Holdings Limited

Celtel Congo RDC S.a.r.l. #
Wireless Broadband Business Services (Haryana) Private Limited (till June 24, 2013)*
Celtel Niger S.A. #
Wireless Broadband Business Services (Kerala) Private Limited, (till June 24, 2013)*
Channel Sea Management Company Mauritius Limited Congo RDC Towers S.p.r.l.
Airtel Broadband Services Private Limited (formerly

known as Wireless Business Services Private Limited) (till June 24, 2013)*
Congo Towers S.A. Gabon Towers S.A.

(d) Entities where Key Management Personnel and their relatives exercise significant influence

Indian Ocean Telecom Limited Kenya Towers Limited (held for sale) Madagascar Towers S.A.
Bharti Foundation Bharti Airtel Employees Welfare Trust Hike Limited
Malawi Towers Limited (held for sale) Mobile Commerce Congo S.A.
Mobinteco Limited
Montana International

Cedar Support Services Limited

(e) Entities having significant influence over the Company

Singapore Telecommunications Limited Pastel Limited
MSI-Celtel Nigeria Limited (under liquidation) Niger Towers S.A. Partnership Investments Sprl Rwanda Towers Limited (divested during the year) Société Malgache de Telephonie Cellulaire SA Tanzania Towers Limited
Bharti Telecom Limited

(f) Group Companies **

Beetel Teletech Limited
Tchad Towers S.A.

Bharti Axa General Insurance Company Limited Bharti Axa Life Insurance Company Limited Bharti Realty Holdings Limited Bharti Realty Limited
Towers Support Nigeria Limited Uganda Towers Limited (held for sale) Warid Congo S.A. Warid Telecom Uganda Limited (merger in process) Zambian Towers Limited (held for sale) Zap Trust Company Nigeria Limited Bharti Airtel Rwanda Holdings Ltd (formerly known as Zebrano (Mauritius) Limited)
Bharti Retail Limited Bharti Softbank Holdings Pte Limited BSB Gaming Private Limited Ignite World Private Limited (formerly known as BSB Portal Limited)

(b) Associates / Associate of subsidiary

BSB Innovation India Limited BSY Pte Limited
Bharti Teleports Limited Tanzania Telecommunications Company Limited (Associate of Bharti Airtel Tanzania B.V.)
Centum Learning Limited Fieldfresh Foods Private Limited Indian Continent Investment Limited Jersey Airtel Limited
Seychelles Cable Systems Company Limited (Associate of Airtel (Seychelles) Limited)

(c) Joint Ventures /Joint Venture of Subsidiary

Mehrauli Realty and Consultants Limited Nile Tech Limited
Forum I Aviation Limited (Joint Venture of Bharti Airtel Services Limited)
Y2CF Digital Media Limited Bharti Enterprises Limited Atrium Restaurants India Private Limited
Indus Towers Limited (Joint Venture of Bharti Infratel Limited) Bridge Mobile Pte Limited FireFly Networks Limited

** “Group Companies” though not ‘Related Parties’ as per the definition under AS 18, have been included by way of a voluntary disclosure, following the best corporate governance practices.

  • #
  • Transactions of similar nature with such subsidiaries have been clubbed and shown under the head ‘Other African Subsidiaries’ as their contribution to

total transaction value is less than 10%.
^*
Refer note 38 above for details of new operations during the year. Merged w.e.f August 5, 2013 with Airtel Broadband Services Private Limited (formerly known as Wireless Business Services Private Limited)

166

Annual Report 2014-15

  • INANCIAL STATEMENTS
  • Financial Statements
  • Corporate Overview
  • Statutory Reports

Bharti Airtel Limited

Notes

to financial statements

The details of amounts due to or due from the related parties as of March 31, 2015 and March 31, 2014 are as follows:

(` Millions)

As of
March 31, 2015

As of
March 31, 2014
S.No Particulars

  • 1
  • Loans & Advances (including accrued interest, wherever applicable)

Entities where control exist

Bharti Airtel (Services) Limited Airtel Broadband Services Pvt. Ltd.* Bharti Telemedia Ltd.
-
5,390
31,694
470
634
3,800
33,226
11,517 2,000
90
Bharti Airtel Lanka (Pvt.) Ltd.

  • Nxtra Data Limited
  • 2,000

  • 90
  • Telesonic Networks Limited

Bharti International (Singapore) Pte Ltd. Bharti Airtel International (Netherlands) B.V.

Associate

8,949
32,189
2,467 9,831

  • Bharti Teleports Ltd.
  • 466
  • 320

Entities where Key Management Personnel and their relatives exercise significant influence

  • Bharti Airtel Employees Welfare Trust
  • 98
  • 326

  • 81,346
  • 64,211

* refer note 38(i)

  • 2
  • Security Deposit/Advances given

Entities where control exist

Bharti Airtel (Services) Limited Bharti Infratel Ltd.

  • 729
  • 729

  • 1,808
  • 1,777

Joint Venture of Subsidiary

  • Indus Towers Limited
  • 3,513
  • 3,813

Group Companies

  • Bharti Realty Limited
  • 359

86
358

  • 86
  • Bharti Realty Holdings Limited

Centum learning Limited Nile Tech Ltd.

  • 60
  • 60

395
-
395

  • 90
  • Bharti Enterprises Limited

  • 6,950
  • 7,308

  • 3
  • Trade Receivables

Entities where control exist

  • Bharti Hexacom Ltd.
  • 406

98
684
62 33 25
3
278
26
151 182
-
Bharti Telemedia Ltd. Airtel Broadband Services Pvt. Ltd.* Bharti Airtel (USA) Ltd. Bharti Airtel (Hongkong) Ltd.

  • Bharti Airtel (Canada) Ltd.
  • 26

  • 2
  • Bharti Airtel International (Mauritius) Ltd.

  • Bharti Airtel Holdings (Singapore) Pte Limited
  • 7
  • 1

Standalone Financial Statements

167

Digital for all

Notes

to financial statements

(` Millions)

As of
March 31, 2015

As of
March 31, 2014
S.No Particulars

  • Bharti Airtel International (Netherlands) B.V.
  • 132

-
355 182
-
Nxtra Data Limited Airtel Bangladesh Ltd. Airtel Networks Ltd. Airtel (Seychelles) Limited Bharti Airtel Lanka (Pvt.) Ltd. Airtel Ghana Ltd.
16 57
4
76
-

  • -
  • 3

  • 2
  • 68

  • -
  • Other African Subsidiaries

Associate

425

  • Bharti Teleports Ltd.
  • 114
  • 81

Entities where Key Management Personnel and their relatives exercise significant influence

  • Hike Limited
  • 60

1
14

  • 2
  • Mobinteco Limited

Entity having significant influence over the Company

Singapore Telecommunications Ltd.

Group Companies

  • -
  • 294

  • Bharti Realty Limited
  • 31
  • -

  • Bharti Retail Ltd.
  • 46
  • 37

Bharti AXA Life Insurance Company Limited Bharti AXA General Insurance Co Ltd Fieldfresh Foods Private Limited Jersey Airtel Limited

  • 4
  • 5

  • 5
  • 2

  • 1
  • 0

60
-

  • Nile Tech Ltd.
  • -

  • -
  • BSB Innovation India Limited
  • 2

  • 2,224
  • 1,785

* refer note 38(i)

  • 4
  • Trade Payables

Entities where control exist

Bharti Airtel (Services) Limited Bharti Infratel Ltd.
(392)
(2,803)
(40)
(757)
(2,692)

  • (36)
  • Airtel M Commerce Services Limited

Telesonic Networks Limited Network i2i Limited
(1,153)
(265)
(318) (137)

  • -
  • Nxtra Data Limited
  • (213)

  • Bharti Airtel (UK) Ltd.
  • (768)

-
(7)
-
(543)
(31)
(4)
Bharti Airtel (Hongkong) Ltd. Bharti Airtel (Japan) Kabushiki Kaisha

  • Airtel Bangladesh Ltd.
  • (2)

Bharti Airtel (France) SAS Bharti International (Singapore) Pte Ltd.
(6)
(46)
(46)
(778)

168

Annual Report 2014-15

  • INANCIAL STATEMENTS
  • Financial Statements
  • Corporate Overview
  • Statutory Reports

Bharti Airtel Limited

Notes

to financial statements

(` Millions)

As of
March 31, 2015

As of
March 31, 2014
S.No Particulars

  • Airtel (Seychelles) Limited
  • -

(27)
-
(4)
-
(40)
Bharti Airtel Lanka (Pvt.) Ltd. Other African Subsidiaries

Joint Venture/ Joint Venture of Subsidiary

  • Forum 1 Aviation Ltd
  • (1)

(7,733)
(6)
(3)
(7,394)
(4)
Indus Towers Limited Bridge Mobile Pte Limited

Entity having significant influence over the Company

Singapore Telecommunications Ltd.

Group Companies

  • (32)
  • -

Beetel Teletech Limited Bharti Realty Limited
(121)
-
(41)
(1)
Bharti Realty Holdings Limited Bharti Enterprises Limited Jersey Airtel Limited Ignite World Private Limited (Previously known as BSB Portal Limited) Centum learning Limited
(6)
(45)
-
(151)
(95)
(2)
(7)
(56)
0
(1)
(66)

  • Y2CF Digital Media Pvt. Ltd.
  • -

  • (13,912)
  • (12,961)

The details of the related party transactions entered into by the Company for the years ended March 31, 2015 and March 31, 2014 are as follows:

(` Millions)

For the year ended For the year ended

S.No Particulars

March 31, 2015

March 31, 2014

  • 1
  • Purchase of fixed assets/ bandwidth

Entities where control exist

  • Bharti Hexacom Ltd.
  • 111

507 488
3,483
-
158

  • 0
  • Bharti Airtel (Services) Limited

  • Network i2i Limited
  • -

  • Telesonic Networks Limited
  • 1,993

  • 47
  • Bharti Airtel (France) SAS

Bharti International (Singapore) Pte Ltd. Airtel Broadband Services Pvt. Ltd.*

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  • 7Udqvirupdwlrqdo 1Hwzrun

    7Udqvirupdwlrqdo 1Hwzrun

    352 6WDWHPHQW3XUVXDQWWR6HFWLRQRIWKH&RPSDQLHV$FWUHODWLQJWRVXEVLGLDU\FRPSDQLHVIRUWKH\HDUHQGHG0DUFK (` Millions) Sr Name of the Subsidiary Note Country of Reporting Reporting Period Financial Year End Exchange Share Reserves Total Total Investments* Turnover 3URǂW Provision 3URǂW Capital Community % of Annual Report 2015-16 No. Registration Currency Rate as Capital Assets Liabilities (Loss) for (Loss) Proposed Expenditure Contribution ^ shareholding of March Before Taxation After Dividend during the 31, 2016 Taxation Taxation reporting period # 1 Airtel Bangladesh Limited a Bangladesh BDT Apr '15 to Mar '16 0DUFK 0.845 - 38 - 100% 2 Airtel Payments Bank Limited DM India INR Apr '15 to Mar '16 0DUFK 1.000 - 395 (346) - (346) 139 80.10% 3 Bangladesh Infratel Networks Limited EH Bangladesh BDT Apr '15 to Mar '16 0DUFK 0.845 0 (0) 0 0 - - (0) - (0) - 100% 4 Bharti Airtel (France) SAS b France EUR Apr '15 to Mar '16 0DUFK 75.447 1 32 340 307 272 77 97 (20) 183 100% 5 Bharti Airtel (Hongkong) Limited a Hongkong +.' Apr '15 to Mar '16 0DUFK 8.540 42 (225) 546 729 575 140 5 135 172 100% 6 %KDUWL$LUWHO -DSDQ .DEXVKLNL.DLVKD DG -DSDQ -3< Apr '15 to Mar '16 0DUFK 0.590 0 (6) 19 25 8 (18) (0) (18) - 100% 7 Bharti Airtel Services Limited a India INR Apr '15 to Mar '16 0DUFK 1.000 1 - (62) 3 (65) 183 100% 8 %KDUWL$LUWHO 8. /LPLWHG a 8QLWHG.LQJGRP GBP Apr '15 to Mar '16 0DUFK 95.411 32 498 (154) (30) (124) 150 100% 9 Bharti Airtel (USA) Limited DG United States of USD Apr '15 to Mar '16 0DUFK 66.255 - 219 292 (115) 407 97 100%
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