CONSOLIDATED FINANCIAL STATEMENTS - BHARTI AIRTEL LIMITED

[AS PER INTERNATIONAL FINANCIAL REPORTING STANDARD (IFRS)]

Schedule

INDEX

1.00

Consolidated Balance Sheet

2.00

Consolidated Statements of Operations

3.00

Consolidated Statements of Cash Flows

4.00

Segmental Information 2011-12

5.00

Segmental Information 2010-11

As of
March 31, 2012

Notes

As of
March 31, 2011

As of
March 31, 2010

Assets
Non-current assets
Property, plant and equipment
Intangible assets
Investment in associates
Derivative financial assets
Other financial assets
Other non - financial assets
Deferred tax asset
Current assets
Inventories
Trade and other receivables
Derivative financial assets
Prepayments and other assets
Income tax recoverable
Short term investments
Other financial assets
Cash and cash equivalents

13
14
16
17
18
19
12

20
21
17
22

Non-current liabilities
Borrowings
Deferred revenue
Provisions
Derivative financial liabilities
Deferred tax liability
Other financial liabilities
Other non - financial liabilities
Current liabilities
Borrowings
Deferred revenue
Provisions
Other non - financial liabilities
Derivative financial liabilities
Income tax liabilities
Trade & other payables
Total liabilities
Total equity and liabilities

674,932
660,889
24
2,756
17,086
15,568
51,277
1,422,532

Rs.

1,308
63,735
2,137
32,621
9,049
18,132
802
20,300
148,084

23
24
25

Total assets
Equity and liabilities
Equity
Issued capital
Treasury shares
Share premium
Retained earnings / (deficit)
Foreign currency translation reserve
Other components of equity
Equity attributable to equity holders of parent
Non-controlling interest
Total equity

Rs.

Rs.

Rs.

31

26
27
17
12
28
29

26
27
29
17
32

Rs.

1,570,616

651,426
637,317
1,998
7,930
9,255
45,061
1,352,987

Rs.

2,139
54,929
2,682
30,504
5,280
6,224
744
9,575
112,077
Rs.

1,465,064

482,629
59,890
57
3,337
7,368
7,485
12,489
573,255
484
35,711
144
20,835
2,826
52,264
98
25,323
137,685

Rs.

710,940

18,988 Rs.
(282)
56,499
395,682
(6,026)
41,252
506,113
27,695
533,808

18,988 Rs.
(268)
56,499
357,446
14,018
40,985
487,668
28,563
516,231

18,988
(81)
56,499
301,342
824
44,368
421,940
25,285
447,225

497,154
2,892
7,240
401
11,621
23,076
5,551
547,935

532,338
8,700
6,085
151
12,487
13,856
5,371
578,988

81,474
11,222
3,779
289
3,737
10,860
3,912
115,273

193,078
43,282
1,290
10,811
166
7,596
232,650
488,873

84,370
30,599
1,180
10,053
317
3,642
239,684
369,845

20,424
19,027
874
5,399
415
102,303
148,442

1,036,808
1,570,616

Rs.

948,833
1,465,064

Rs.

263,715
710,940

Notes
Revenue
Other operating income
Operating expenses

Year ended
March 31, 2012

Year ended
March 31, 2011

Rs.
Rs.

Rs.
Rs.

714,508
550
(477,935)

(395,300)

237,123
Depreciation & amortisation

(57)

103,368
11
11

Profit / (Loss) before tax

12

Net profit / (loss) for the year

Rs.

Other comprehensive income / (loss)

Exchange differences on translation of foreign operations
Other comprehensive income / (loss) for the year, net of
tax
Total comprehensive income / (loss) for the year, net of
tax

Profit/(loss) attributable to :
Equity holders of the parent
Non controlling interests
Net Profit / (Loss)
Total comprehensive income / (loss) attributable to :
Equity holders of the parent
Non controlling interests
Total Comprehensive Income / (Loss)

Earnings Per Share

Basic, profit attributable to equity holders of parent
Diluted, profit attributable to equity holders of parent

98,652

(74)

Profit / (Loss) before finance income & cost and tax

Income tax expense

(102,066)

103,442

Share of results of associates

Finance income
Finance costs

200,718

(133,681)

Profit / (Loss) from operating activities

593,383
635

98,595

2,643
(40,828)

3,536
(25,349)

65,183

76,782

(22,602)

(17,790)

42,581

Rs.

58,992

(20,410)

12,681

(20,410)

12,681

Rs.

22,171

Rs.

71,673

Rs.

42,594
(13)
42,581 Rs.

60,467
(1,475)
58,992

Rs.

22,550
(379)
22,171 Rs.

73,661
(1,988)
71,673

38
Rs.
Rs.

11.22
11.22

Rs.
Rs.

15.93
15.93

Year ended March 31,

2012

Year ended March 31,

2011

Cash flows from operating activities

Profit / (loss) before tax

65,183

76,782

133,681
(2,643)
40,828
74
783
1,534

102,066
(3,536)
25,349
57
1,561
480

Adjustments for Depreciation and amortization

Finance income
Finance cost
Share of results of associates (post tax)
Amortization of stock based compensation
Other non-cash items
Operating cash flow before working capital changes
Trade & other receivables and prepayments
Inventories
Trade and other payables
Provisions
Other financial and non financial liabilities
Other financial and non financial assets
Cash generated from operations
Interest received
Income tax (paid)/refund
Net cash inflow / (outflow) from operating activities

239,440
(14,094)
1,475
23,961
397
9,505
(6,381)
254,303
401
(29,453)

202,759
(9,207)
(211)
16,987
(160)
4,282
(2,114)
212,336
565
(24,388)

225,251

188,513

(144,436)
1,074
(6,921)
(10,823)
(24,985)
2,543
(98)
(172)
210

(109,952)
783
(167,925)
46,590
(373,991)
-

(183,608)

(604,495)

164,864
(163,343)
(4,351)
(544)
(32,352)
187
(4,411)
(157)
-

564,390
(139,104)
4,300
(402)
(21,595)
96
(4,428)
(6,104)

(40,107)

397,153

Cash flows from investing activities

Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment
Purchase of intangible assets
Short term investments (Net)
Investment in subsidiary, net of cash acquired (Refer note 6)
Proceeds from disposal of subsidiary (refer note 7)
Investment in associates
Loan to associates
Loan repayment received from associates
Net cash inflow / (outflow) from investing activities
Cash flows from financing activities
Proceeds from issuance of borrowings
Repayment of borrowings
Short term borrowings (net)
Purchase of Treasury stock
Interest paid
Proceeds from exercise of stock options
Dividend paid (including tax) to Company's shareholders (refer note 30)
Dividend paid (including tax) to non - controlling interests
Acquisition of non-controlling interest
Net cash inflow / (outflow) from financing activities
Net (decrease) / increase in cash and cash equivalents during
the year
Effect of exchange rate changes on cash and cash equivalents
Add : Balance as at the beginning of the year
Balance as at the end of the year (Refer note 24)

1,536
493

(18,829)
(124)

6,008
8,037

24,961
6,008

Description

Revenue from external customers

Inter segment revenue
Total revenues
Segment result

Mobile Services
India & SA
Africa
Rs.

386,716

Rs.

Telemedia
Services

197,796

Rs.

33,694

Airtel
Business
Rs.

33,082

Digital TV
Services
Rs.

12,919

Passive Infra
Services
Rs.

50,301

16,375

469

3,577

11,459

41

44,808

403,091

198,265

37,271

44,541

12,960

95,109

82,244

14,147

7,149

2,629

(7,198)

14,641

Others

Rs.

Eliminations

Consolidated

Rs.

Rs.

3,117
3,117 (10,208)

(79,846) Rs.

714,508
-

79,846

714,508

38

103,442

Share of profits / (loss) in associates

(74)
2,643

Interest income (net)

Interest expense (net)

(40,828)

Earnings before taxation

65,183

Segment assets

677,975

679,350

99,297

102,660

23,397

206,446

1,053

(458,647)

Unallocated segment assets

Consolidated total assets
Segment liabilities

1,331,531
239,085
1,570,616

159,656

229,597

64,621

44,194

42,908

43,533

1,428

(457,788)

Unallocated segment liabilities

Consolidated total liabilities

128,149
908,659
1,036,808

Other segment items

Period capital expenditure

(37,232)

(72,789)

(10,144)

(7,025)

(8,285)

(13,800)

(1,777)

7,074

(143,978)

(54,446)

(38,644)

(8,664)

(5,684)

(7,663)

(21,303)

(525)

3,248

(133,681)

Investment in associates
Depreciation and amortisation
Deferred tax (expense) / benefit

Description

Revenue from external customers

Inter segment revenue
Total revenues
Segment result

Mobile Services
India & SA
Africa
Rs.

348,490

Rs.

Telemedia
Services

130,721

Rs.

Airtel
Business

33,563

Rs.

Digital TV
Services

30,202

Rs.

7,721

Passive Infra
Services
Rs.

Others

44,686

14,910

113

2,761

11,261

39

40,869

363,400

130,834

36,324

41,463

7,760

85,555

85,551

2,381

8,334

5,546

(5,181)

11,688

Rs.

Eliminations

Consolidated

Rs.

Rs.

2,741
2,741 (9,667)

595,383

(72,694)

72,694

595,383

98,652

Share of profits / (loss) in associates

(57)
3,536

Interest income (net)

Interest expense (net)

(25,349)

Earnings before taxation

76,782

Segment assets

594,629

584,051

97,396

100,630

22,637

203,105

588

(282,381)

Unallocated segment assets

Consolidated total assets
Segment liabilities

1,320,656
144,409
1,465,064

155,603

139,369

69,837

46,201

34,581

40,733

1,027

(281,371)

Unallocated segment liabilities

Consolidated total liabilities

205,980
742,853
948,833

Other segment items

Period capital expenditure
Investment in associates
Depreciation and amortisation
Deferred tax (expense) / benefit

(187,857)

(35,236)

(45,216)

(11,426)

(41,346)

(26,128)

(8,155)

(4,577)

(12,074)
(4,086)

(23,622)

(1,259)

9,742

(306,948)
-

(20,058)

(563)

2,847

(102,066)
6,171