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 <ul style="display: flex;"><li style="flex:1">- Audit Fee* </li><li style="flex:1">68 </li></ul>5 68 <ul style="display: flex;"><li style="flex:1">5</li><li style="flex:1">- Reimbursement of Expenses* </li></ul>- As advisor for taxation matters* - Other Services* <ul style="display: flex;"><li style="flex:1">-</li><li style="flex:1">-</li></ul><ul style="display: flex;"><li style="flex:1">8</li><li style="flex:1">11 </li></ul>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 <ul style="display: flex;"><li style="flex:1">1</li><li style="flex:1">The principal amount and the interest due thereon [` Nil (March 31, </li></ul>2014 – ` Nil)] remaining unpaid to any supplier as at the end of each <ul style="display: flex;"><li style="flex:1">10 </li><li style="flex:1">38 </li></ul>accounting year <ul style="display: flex;"><li style="flex:1">2</li><li style="flex:1">The amount of interest paid by the buyer in terms of section 16 of </li></ul>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. -- -<ul style="display: flex;"><li style="flex:1">-</li><li style="flex:1">3</li></ul>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 <ul style="display: flex;"><li style="flex:1">Bharti Airtel (USA) Limited </li><li style="flex:1">In accordance with the requirements of Accounting </li></ul>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 <ul style="display: flex;"><li style="flex:1">Bharti Infratel Limited (“BIL”) </li><li style="flex:1">(i) Key Management Personnel </li></ul>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 <ul style="display: flex;"><li style="flex:1">INANCIAL STATEMENTS </li><li style="flex:1">Financial Statements </li><li style="flex:1">Corporate Overview </li><li style="flex:1">Statutory Reports </li></ul>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 <ul style="display: flex;"><li style="flex:1">Burkia Faso Towers S.A. </li><li style="flex:1">Wireless Broadband Business Services (Delhi) Private </li></ul>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. <ul style="display: flex;"><li style="flex:1">#</li><li style="flex:1">Transactions of similar nature with such subsidiaries have been clubbed and shown under the head ‘Other African Subsidiaries’ as their contribution to </li></ul>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 <ul style="display: flex;"><li style="flex:1">INANCIAL STATEMENTS </li><li style="flex:1">Financial Statements </li><li style="flex:1">Corporate Overview </li><li style="flex:1">Statutory Reports </li></ul>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 <ul style="display: flex;"><li style="flex:1">1</li><li style="flex:1">Loans & Advances (including accrued interest, wherever applicable) </li></ul>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. <ul style="display: flex;"><li style="flex:1">Nxtra Data Limited </li><li style="flex:1">2,000 </li></ul><ul style="display: flex;"><li style="flex:1">90 </li><li style="flex:1">Telesonic Networks Limited </li></ul>Bharti International (Singapore) Pte Ltd. Bharti Airtel International (Netherlands) B.V. Associate 8,949 32,189 2,467 9,831 <ul style="display: flex;"><li style="flex:1">Bharti Teleports Ltd. </li><li style="flex:1">466 </li><li style="flex:1">320 </li></ul>Entities where Key Management Personnel and their relatives exercise significant influence <ul style="display: flex;"><li style="flex:1">Bharti Airtel Employees Welfare Trust </li><li style="flex:1">98 </li><li style="flex:1">326 </li></ul><ul style="display: flex;"><li style="flex:1">81,346 </li><li style="flex:1">64,211 </li></ul>* refer note 38(i) <ul style="display: flex;"><li style="flex:1">2</li><li style="flex:1">Security Deposit/Advances given </li></ul>Entities where control exist Bharti Airtel (Services) Limited Bharti Infratel Ltd. <ul style="display: flex;"><li style="flex:1">729 </li><li style="flex:1">729 </li></ul><ul style="display: flex;"><li style="flex:1">1,808 </li><li style="flex:1">1,777 </li></ul>Joint Venture of Subsidiary <ul style="display: flex;"><li style="flex:1">Indus Towers Limited </li><li style="flex:1">3,513 </li><li style="flex:1">3,813 </li></ul>Group Companies <ul style="display: flex;"><li style="flex:1">Bharti Realty Limited </li><li style="flex:1">359 </li></ul>86 358 <ul style="display: flex;"><li style="flex:1">86 </li><li style="flex:1">Bharti Realty Holdings Limited </li></ul>Centum learning Limited Nile Tech Ltd. <ul style="display: flex;"><li style="flex:1">60 </li><li style="flex:1">60 </li></ul>395 - 395 <ul style="display: flex;"><li style="flex:1">90 </li><li style="flex:1">Bharti Enterprises Limited </li></ul><ul style="display: flex;"><li style="flex:1">6,950 </li><li style="flex:1">7,308 </li></ul><ul style="display: flex;"><li style="flex:1">3</li><li style="flex:1">Trade Receivables </li></ul>Entities where control exist <ul style="display: flex;"><li style="flex:1">Bharti Hexacom Ltd. </li><li style="flex:1">406 </li></ul>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. <ul style="display: flex;"><li style="flex:1">Bharti Airtel (Canada) Ltd. </li><li style="flex:1">26 </li></ul><ul style="display: flex;"><li style="flex:1">2</li><li style="flex:1">Bharti Airtel International (Mauritius) Ltd. </li></ul><ul style="display: flex;"><li style="flex:1">Bharti Airtel Holdings (Singapore) Pte Limited </li><li style="flex:1">7</li><li style="flex:1">1</li></ul>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 <ul style="display: flex;"><li style="flex:1">Bharti Airtel International (Netherlands) B.V. </li><li style="flex:1">132 </li></ul>- 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 -<ul style="display: flex;"><li style="flex:1">-</li><li style="flex:1">3</li></ul><ul style="display: flex;"><li style="flex:1">2</li><li style="flex:1">68 </li></ul><ul style="display: flex;"><li style="flex:1">-</li><li style="flex:1">Other African Subsidiaries </li></ul>Associate 425 <ul style="display: flex;"><li style="flex:1">Bharti Teleports Ltd. </li><li style="flex:1">114 </li><li style="flex:1">81 </li></ul>Entities where Key Management Personnel and their relatives exercise significant influence <ul style="display: flex;"><li style="flex:1">Hike Limited </li><li style="flex:1">60 </li></ul>1 14 <ul style="display: flex;"><li style="flex:1">2</li><li style="flex:1">Mobinteco Limited </li></ul>Entity having significant influence over the Company Singapore Telecommunications Ltd. Group Companies <ul style="display: flex;"><li style="flex:1">-</li><li style="flex:1">294 </li></ul><ul style="display: flex;"><li style="flex:1">Bharti Realty Limited </li><li style="flex:1">31 </li><li style="flex:1">-</li></ul><ul style="display: flex;"><li style="flex:1">Bharti Retail Ltd. </li><li style="flex:1">46 </li><li style="flex:1">37 </li></ul>Bharti AXA Life Insurance Company Limited Bharti AXA General Insurance Co Ltd Fieldfresh Foods Private Limited Jersey Airtel Limited <ul style="display: flex;"><li style="flex:1">4</li><li style="flex:1">5</li></ul><ul style="display: flex;"><li style="flex:1">5</li><li style="flex:1">2</li></ul><ul style="display: flex;"><li style="flex:1">1</li><li style="flex:1">0</li></ul>60 -<ul style="display: flex;"><li style="flex:1">Nile Tech Ltd. </li><li style="flex:1">-</li></ul><ul style="display: flex;"><li style="flex:1">-</li><li style="flex:1">BSB Innovation India Limited </li><li style="flex:1">2</li></ul><ul style="display: flex;"><li style="flex:1">2,224 </li><li style="flex:1">1,785 </li></ul>* refer note 38(i) <ul style="display: flex;"><li style="flex:1">4</li><li style="flex:1">Trade Payables </li></ul>Entities where control exist Bharti Airtel (Services) Limited Bharti Infratel Ltd. (392) (2,803) (40) (757) (2,692) <ul style="display: flex;"><li style="flex:1">(36) </li><li style="flex:1">Airtel M Commerce Services Limited </li></ul>Telesonic Networks Limited Network i2i Limited (1,153) (265) (318) (137) <ul style="display: flex;"><li style="flex:1">-</li><li style="flex:1">Nxtra Data Limited </li><li style="flex:1">(213) </li></ul><ul style="display: flex;"><li style="flex:1">Bharti Airtel (UK) Ltd. </li><li style="flex:1">(768) </li></ul>- (7) - (543) (31) (4) Bharti Airtel (Hongkong) Ltd. Bharti Airtel (Japan) Kabushiki Kaisha <ul style="display: flex;"><li style="flex:1">Airtel Bangladesh Ltd. </li><li style="flex:1">(2) </li></ul>Bharti Airtel (France) SAS Bharti International (Singapore) Pte Ltd. (6) (46) (46) (778) 168 Annual Report 2014-15 <ul style="display: flex;"><li style="flex:1">INANCIAL STATEMENTS </li><li style="flex:1">Financial Statements </li><li style="flex:1">Corporate Overview </li><li style="flex:1">Statutory Reports </li></ul>Bharti Airtel Limited Notes to financial statements (` Millions) As of March 31, 2015 As of March 31, 2014 S.No Particulars <ul style="display: flex;"><li style="flex:1">Airtel (Seychelles) Limited </li><li style="flex:1">-</li></ul>(27) - (4) - (40) Bharti Airtel Lanka (Pvt.) Ltd. Other African Subsidiaries Joint Venture/ Joint Venture of Subsidiary <ul style="display: flex;"><li style="flex:1">Forum 1 Aviation Ltd </li><li style="flex:1">(1) </li></ul>(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 <ul style="display: flex;"><li style="flex:1">(32) </li><li style="flex:1">-</li></ul>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) <ul style="display: flex;"><li style="flex:1">Y2CF Digital Media Pvt. Ltd. </li><li style="flex:1">-</li></ul><ul style="display: flex;"><li style="flex:1">(13,912) </li><li style="flex:1">(12,961) </li></ul>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 <ul style="display: flex;"><li style="flex:1">1</li><li style="flex:1">Purchase of fixed assets/ bandwidth </li></ul>Entities where control exist <ul style="display: flex;"><li style="flex:1">Bharti Hexacom Ltd. </li><li style="flex:1">111 </li></ul>507 488 3,483 - 158 <ul style="display: flex;"><li style="flex:1">0</li><li style="flex:1">Bharti Airtel (Services) Limited </li></ul><ul style="display: flex;"><li style="flex:1">Network i2i Limited </li><li style="flex:1">-</li></ul><ul style="display: flex;"><li style="flex:1">Telesonic Networks Limited </li><li style="flex:1">1,993 </li></ul><ul style="display: flex;"><li style="flex:1">47 </li><li style="flex:1">Bharti Airtel (France) SAS </li></ul>Bharti International (Singapore) Pte Ltd. Airtel Broadband Services Pvt. Ltd.*

Notes to Financial Statements

Details

Download

Copyright

We respect the copyrights and intellectual property rights of all users. All uploaded documents are either original works of the uploader or authorized works of the rightful owners.

Support