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Notes to Financial Statements Digital for all Notes 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 68 - Reimbursement of Expenses* 5 5 - As advisor for taxation matters* - - - Other Services* 8 11 Total 81 84 * 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, 10 38 2014 – ` Nil)] remaining unpaid to any supplier as at the end of each 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 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 MSMED Act, 2006. 4 The amount of interest accrued and remaining unpaid at the end of - - each accounting year; 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 MSMED Act, 2006. 48. Related Party Disclosures Bharti Telemedia Limited In accordance with the requirements of Accounting Bharti Airtel (USA) Limited Standard (AS) -18 on Related Party Disclosures, the Bharti Airtel Lanka (Private) Limited names of the related parties where control exists and/ Bharti Airtel (UK) Limited(subsidiary of or with whom transactions have taken place during the year and description of relationships are: 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 (i) Key Management Personnel Bharti Infratel Limited (“BIL”) Sunil Bharti Mittal Bharti Infratel Services Limited Gopal Vittal (subsidiary of Bharti Infratel Limited) (ii) Other Related Parties Network i2i Limited (a) Entities where control exist – Subsidiary/Subsidiaries Bharti Airtel Holdings (Singapore) Pte Ltd of subsidiary Bharti Infratel Lanka (Private) Limited (subsidiary of Bharti Hexacom Limited Bharti Airtel Lanka (Private) Limited) Bharti Airtel Services Limited Airtel M Commerce Services Limited 164 Annual Report 2014-15 Corporate OverviewStatutory Reports FINANCIAL Financial Statements STATEMENTS Bharti Airtel Limited Notes to financial statements Airtel Broadband Services Private Limited (w.e.f. June Airtel Mobile Commerce Madagascar S.A. 25, 2013. Amalgamated with Bharti Airtel Limited Airtel Mobile Commerce Rwanda Limited w.e.f. April 9, 2015) Airtel Mobile Commerce (Seychelles) Limited Nxtra Data Limited Airtel Mobile Commerce (Tanzania) Limited Bharti Airtel (Japan) Kabushiki Kaisha (subsidiary of Airtel Mobile Commerce Tchad SARL Bharti Airtel Holdings (Singapore) Pte Ltd) Airtel Mobile Commerce Uganda Limited Bharti Airtel (France) SAS (subsidiary of Bharti Airtel Airtel Mobile Commerce Zambia Limited Holdings (Singapore) Pte Ltd) Airtel Money (RDC) S.p.r.l Bharti Airtel International (Mauritius) Limited Airtel Money Niger S.A. Bharti International (Singapore) Pte Ltd Airtel Money S.A. (Gabon) Airtel Bangladesh Limited (subsidiary of Bharti Airtel Airtel Networks Kenya Limited # Holdings (Singapore) Pte Ltd) Airtel Networks Limited Bharti Airtel International (Netherlands) B.V. Airtel Networks Zambia Plc # Bangladesh Infratel Networks Limited (subsidiary of Airtel Rwanda Limited # Airtel Bangladesh Limited) Airtel Tanzania Limited # Telesonic Networks Limited Airtel Tchad S.A. # Wynk Limited (Incorporated on January 13, 2015) ^ Airtel Towers (Ghana) Limited Wireless Broadband Business Services (Delhi) Private Airtel Towers (S.L.) Company Limited Limited (w.e.f June 25,2013) * Airtel Uganda Limited # Wireless Broadband Business Services (Haryana) Private Limited (w.e.f June 25,2013) * Bharti Airtel Acquisition Holdings B.V. Wireless Broadband Business Services (Kerala) Private (liquidated on March 31, 2015) Limited, (w.e.f June 25,2013) * Bharti Airtel Africa B.V. Other subsidiaries of Bharti Airtel International Bharti Airtel Burkina Faso Holdings B.V. (Netherlands) B.V. : Bharti Airtel Cameroon B.V. (liquidated on March 31, 2015) Africa Towers N.V. Bharti Airtel Chad Holdings B.V. Africa Towers Services Limited Bharti Airtel Congo Holdings B.V. Airtel (Ghana) Limited Bharti Airtel Developers Forum Limited Airtel (Seychelles) Limited Bharti Airtel DTH Holdings B.V. Airtel (SL) Limited # Bharti Airtel Gabon Holdings B.V. Airtel Burkina Faso S.A. # Bharti Airtel Ghana Holdings B.V. Airtel Congo S.A # Bharti Airtel Kenya B.V. Airtel DTH Services (Sierra Leone) Limited Bharti Airtel Kenya Holdings B.V. (under liquidation) Bharti Airtel Madagascar Holdings B.V. Airtel DTH Services Congo (RDC) S.p.r.l (under liquidation) Bharti Airtel Malawi Holdings B.V. Airtel DTH Services Nigeria Limited (under liquidation) Bharti Airtel Mali Holdings B.V. Airtel DTH Services Tanzania Limited Bharti Airtel Niger Holdings B.V. (liquidated on April 3, 2014) Bharti Airtel Nigeria B.V. # Airtel Gabon S.A. # Bharti Airtel Nigeria Holdings B.V. (under liquidation) Airtel Madagascar S.A. # Bharti Airtel Nigeria Holdings II B.V. Airtel Malawi Limited # Bharti Airtel RDC Holdings B.V. Airtel Mobile Commerce (SL) Limited Bharti Airtel Services B.V. Airtel Mobile Commerce B.V Bharti Airtel Sierra Leone Holdings B.V. # Airtel Mobile Commerce Burkina Faso S.A. Bharti Airtel Tanzania B.V. Airtel Mobile Commerce (Ghana) Limited Bharti Airtel Uganda Holdings B.V. Airtel Mobile Commerce Holdings B.V Bharti Airtel Zambia Holdings B.V. Airtel Mobile Commerce Kenya Limited Bharti DTH Services Zambia Limited Airtel Mobile Commerce 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 Celtel (Mauritius) Holdings Limited Limited (till June 24, 2013)* 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 Channel Sea Management Company Mauritius Limited Limited, (till June 24, 2013)* Congo RDC Towers S.p.r.l. Airtel Broadband Services Private Limited (formerly Congo Towers S.A. known as Wireless Business Services Private Limited) Gabon Towers S.A. (till June 24, 2013)* Indian Ocean Telecom Limited (d) Entities where Key Management Personnel and their Kenya Towers Limited (held for sale) relatives exercise significant influence Madagascar Towers S.A. Bharti Foundation Malawi Towers Limited (held for sale) Bharti Airtel Employees Welfare Trust Mobile Commerce Congo S.A. Hike Limited Montana International Mobinteco Limited MSI-Celtel Nigeria Limited (under liquidation) Cedar Support Services Limited Niger Towers S.A. (e) Entities having significant influence over the Company Partnership Investments Sprl Singapore Telecommunications Limited Rwanda Towers Limited (divested during the year) Pastel Limited Société Malgache de Telephonie Cellulaire SA Bharti Telecom Limited Tanzania Towers Limited (f) Group Companies ** Tchad Towers S.A. Beetel Teletech Limited Towers Support Nigeria Limited Bharti Axa General Insurance Company Limited Uganda Towers Limited (held for sale) Bharti Axa Life Insurance Company Limited Warid Congo S.A. Bharti Realty Holdings Limited Warid Telecom Uganda Limited (merger in process) Bharti Realty Limited Zambian Towers Limited (held for sale) Bharti Retail Limited Zap Trust Company Nigeria Limited Bharti Softbank Holdings Pte Limited Bharti Airtel Rwanda Holdings Ltd BSB Gaming Private Limited (formerly known as Zebrano (Mauritius) Limited) Ignite World Private Limited (formerly known as BSB Portal Limited) (b) Associates / Associate of subsidiary BSB Innovation India Limited Bharti Teleports Limited BSY Pte Limited Tanzania Telecommunications Company Limited Centum Learning Limited (Associate of Bharti Airtel Tanzania B.V.) Fieldfresh Foods Private Limited Seychelles Cable Systems Company Limited Indian Continent Investment Limited (Associate of Airtel (Seychelles) Limited) Jersey Airtel Limited (c) Joint Ventures /Joint Venture of Subsidiary Mehrauli Realty and Consultants Limited Forum I Aviation Limited (Joint Venture of Bharti Airtel Services Limited) Nile Tech Limited Indus Towers Limited (Joint Venture of Bharti Infratel Y2CF Digital Media Limited Limited) Bharti Enterprises Limited Bridge Mobile Pte Limited Atrium Restaurants India Private 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
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