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Ericsson India Global Services Private Limited

Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

[400100] Disclosure of general information about company


Unless otherwise specified, all monetary values are in Millions of INR
01/04/2013
to
31/03/2014

01/04/2012
to
31/03/2013

Ericsson
India
Global
Services Private Limited
U72200DL2010PTC204192
AACCE4175D
4Th
Floor,
Dhaka
House
,
18/17 W E A Karol Bagh , New
Delhi , DELHI , INDIA 110005
Commercial
and
Industrial
25/06/2014
01/04/2013
31/03/2014
Standalone
Balance Sheet
INR
Millions
Indirect Method

Name of company
Corporate identity number
Permanent account number of entity
Address of registered office of company
Type of industry
Date of board meeting when final accounts were approved
Date of start of reporting period
Date of end of reporting period
Nature of report standalone consolidated
Content of report
Description of presentation currency
Level of rounding used in financial statements
Type of cash flow statement

01/04/2012
31/03/2013

[400400] Disclosures - Directors report


Details of directors signing board report [Table]

..(1)

Unless otherwise specified, all monetary values are in Millions of INR


Directors signing board report [Axis]

01

01/04/2013
to
31/03/2014
Details of signatories of board report [Abstract]
Details of directors signing board report [LineItems]
Name of director signing board report [Abstract]
First name of director
Middle name of director
Last name of director
Designation of director
Director identification number of director
Date of signing board report

Mats
Robert
Agervi
Managing Director
03034679
25/06/2014

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Unless otherwise specified, all monetary values are in Millions of INR


01/04/2013
to
31/03/2014
Textual
information
(1)
[See below]
Textual
information
(2)
[See below]
The Company is taking care
of
latest
development
and
advancements
in
technology
and
all
steps
are
being
taken
to
adopt
the same.
Textual
information
(3)
[See below]
Textual
information
(4)
[See below]
Textual
information
(5)
[See below]
The
observations
made
in
the
Auditors?
Report
are
selfexplanatory
and
therefore,
do
not
call
for
any further comments.

Disclosure in board of directors report explanatory [TextBlock]


Details regarding energy conservation

Details regarding technology absorption

Details regarding foreign exchange earnings and outgo


Particulars of employees as per provisions of section 217
Disclosures in director?s responsibility statement
Director's comments on qualification(s), reservation(s) or adverse
remark(s) of auditors as per board's report
Date of Board of directors' meeting in which board's report referred
to under section 217 was approved

25/06/2014

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Textual information (1)


Disclosure in board of directors report explanatory [Text Block]

DIRECTORS REPORT 2014

Dear Member,
Your Directors take pleasure in presenting their 4 th Annual Report on the business and operations of the Company together
with the Audited Accounts for the financial year ended 31 st March, 2014. This financial year constitutes the period from
1-04-2013 to 31-03-2014. The state of the Companys affairs is described below:

1.
Financial Results
(Rupees in Million)
Particulars

For the Period from


1-04-2013
to
31-03-2014

For the Period from


1-04-2012 to 31-03-2013

Net Income

34813

23147

Total Expenditure
Profit before Interest, Depreciation & Tax
Less: Finance Charges
Less: Depreciation
Profit before Taxes

27949

18908

6864

4239

1365

878

5499

Less: Provision for Taxation


Add: Deferred Tax Assets
Profit After Tax*
Earning Per Share (in Rs)

111.16

3361
1461

1176

281

105

4319

2290
58.94

1.1
Operating Results

Revenues for Financial Year for the period from 1 st April, 2013 to 31 st March, 2014 stood at INR 34813
million and Profit before depreciation, interest and tax stood at INR 6864 million.
3

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

1.2
Business Operations

Ericsson India Global Services Private Limited (EGI) is Ericssons largest and fastest growing Global Services Center (GSC) that delivers a wide
array of multi-vendor and multi-technology ICT services to leading telecommunication operators around the world.

The Company supports Operators networks round the clock with a team of personnel, state-of-art tools, methods and processes.
Services such as consulting and competence development aimed towards operators have also been provided to customers in
India. To cater to the growing pre-paid and value added services market such as MMS, Unified Messaging, etc., EGI has built
competence locally to integrate and support these Value Added Services. However, in cases where EGI does not possess the
technical capabilities for rendering such high end technical services, the same are procured from the Group Companies on a
need basis.

In the research and development services segment, EGI acts as a service provider to the Associate Enterprise, with insignificant risks being
undertaken. This segment is engaged in research and development of software-based solutions for telecommunication industry.

As on March 31, 2014, the Company has its presence at Noida, Gurgaon, Bangalore, Kolkata, Mumbai, Pune and Chennai. As
at March 31, 2014, Gurgaon, Kolkata and Bangalore units are located in Special Economic Zone and Noida unit which was
earlier registered under Software Technology Parks of India Scheme (STPI) had been de-registered.

2.
Subsidiary Companies

The company has no Indian/Foreign subsidiary company.EGI is a wholly owned subsidiary of Telefonaktiebolaget LM
Ericsson (LME), Sweden.

3.
Dividend

The Board of Directors of the Company does not recommend any dividend for the financial year ended on 31 st March, 2014.

4.
Reserves

Board of Directors of the Company does not recommend any amount to be carried to the Reserves for payment of Dividend.
However, current year surplus would be carried forward to the General Reserve Account.

5.
Directors
4

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Mr. Mats Robert Agervi, Managing Director of the Company is retiring on 30 th June 2014, due to change in his roles and
responsibilities.

Mr. Amitabh Ray was co-opted as Additional Director at the meeting of the Board of Directors held on 25 th June, 2014 to
hold the office up to the date of the ensuing Annual General Meeting in terms of the provisions of Section 152 and other
related provisions of the Companies Act, 2013.

The candidature of Mr. Amitabh Ray is proposed as Managing Director under section 197 read with other applicable
provision of the Companies Act, 2013 effective from 1 st July 2014 at this Annual General Meeting. Brief profile of Mr.
Amitabh Ray is part of Notice convening AGM.

None of the Directors and Key Managerial Personnel are interested in the resolution.

6.
Number of Board meetings

Five Board Meeting(s) were held during the period under review as on 22 nd April 2013, 25 th June, 2013, 7 th August
2013, 28 th November 2013 and lastly on 19 th February 2014.

7.
Auditors

M/s Price Waterhouse & Co., Chartered Accountants (firm registration number FRN 304026E), who are the Statutory
Auditors of the Company, hold office, in accordance with the provisions of the Companies Act, 1956 (the Act) and now
Companies Act 2013, and being eligible, offer themselves for re-appointment / ratification as Statutory Auditors from the
conclusion of the forthcoming Annual General Meeting AGM and upto the conclusion of next AGM.

M/s Price Waterhouse & Co., Chartered Accountants (firm registration number - FRN 304026E), have expressed their
willingness for re-appointment as the Statutory auditors and confirmed that their ratification of appointment /
re-appointment, if made, will be within the prescribed limits under section 139 read with Companies (Audit & Auditors)
Rules, 2014 of the Companies Act, 2013, and they are not disqualified, if re-appointed.

8.
Auditors Report

The observations made in the Auditors Report are self- explanatory and therefore, do not call for any further comments.

9.
Secretarial Audit
Pursuant to Section 204 under Companies Act 2013 read with Rule 9 of the Companies (Appointment and
Remuneration of Managerial Personnel) Rules, 2014, the Secretarial Audit doesnt apply to the Company.
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Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

10.
Related Party Transactions

This is to share that no transaction has been entered pursuant to section 297, in which directors are interested.

11.
Particulars of Employees

A talented team of professionals is dedicated to work on IT / ITES technologies creating solutions that shape the future of the
Information and communication telecommunication (ICT) industry. Particulars required under section 217(2A) are given as
per Annexure and forms parts of this report.
12.
Conservation of energy, research and development, technology absorption, foreign exchange earnings and outgo

The information pertaining to conservation of energy, technology absorption, foreign exchange earnings and outgo, as
required under Section 134(m) of the Companies Act, 2013, read with the Companies (Accounts) Rules, 2014 is given as
per Annexure and forms part of this Report.

13.
Fixed deposits

During the year under review, your Company has not accepted any deposit under Section 73 of the Companies Act, 2013,
read with Companies (Acceptance of Deposits) Rules, 2014.

14.
Restriction on Company to Purchase Shares

During the period under review, the provisions under Section 67 of Companies Act, 2013 does not apply to the Company.

15.
Risk Management

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Your Compnay has detailed mechanism of Risk Management. Companys Business Continuity Management (BCM)
framework describes the overall company-wide Crisis Management Plan (CMP) that will be triggered based on decision
taken in a crisis situation. The document outlines:
who is part of the team,
what are their roles and
what needs to be done to prevent business continuity risks.

The BCM framework also consider following aspects of crisis / distruptions:


a.

Company perspective

b.

Location perspective, &

c.

Account perspective,

a) BCP Status Company view

BCP Framework EGI and Crisis Management Plan prepared and reviewed by security team and approved by CTO.

b) BCP Status Location & Account / Functional view across locations

Business Continuity Plans Prepared and approved by Account Head


Location Crisis Management and BCP teams training
Testing for critical functions as per Schedule

c) BCP Status Customer view :


--All important Customers Account being tested by Internal Auditors followed by independent audit.

16.
Corporate Social Responsibility

Pursuant to the provision of Section 135 read with Companies (Corporate Social Responsibility
Policy) Rules, 2014, CSR committee was consititued by Board of Directors in their meeting held on
24 th April 2014 as its sub-committee and terms of Refernce for the Committee are set out below.
The Board is responsible for constituting, assigning, co-opting and fixing terms of service for the Committee Members and
delegates these powers to the Committees, as per requirements. Recommendations of the Committees are submitted to the
Board of Directors for approval. CSR policy is under formulation and shall be presented to Board during the FY 2014-15.

CSR COMMITTEE
Members :

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

1.

Mr. Mats Robert Agervi, Managing Director

MD, Chairman

2.

Mr. Debasish Roy Chowdhury, WTD

3.

Mr. Abhay Vaish, WTD

4.

Mr. Bharat Bandhu, Head Company Control

5.

Ms. Sonia Aplin, Head-IC

Executive Member

6.

Mr. Amit Shankar Kashyap, CS

Committee Secretary

Director Member
:

Director Member

Executive Member

Terms of reference:

A )

M e m b e r s h i p
The members of the EGI CSR Committee shall be appointed by the Board of Directors and shall
comprise at least three directors from amongst the management of the Company and shall in total
consist of maximum 8 (eight) members, at most.

The EGI CSR Committee may invite any other person to advise and/or to join meetings of the EGI
CSR Committee when required notwithstanding that they are not members of the EGI CSR
Committee.

B) Chairman

The Chairman to the Board of Directors shall be appointed as the Chairman of the EGI CSR
Committee (the Chairman). The EGI CSR Committee shall work under the guidance of its
Chairman. The Chairman shall also represent the Committee when it is not assembled.

In the absence of the EGI CSR Committee Chairman, the members present shall elect one of
Director present to chair the meeting.

C)

Quorum

The valid quorum for the CSR Committee meetings shall be three (3) members. A duly convened
meeting of the EGI CSR Committee at which a quorum is present shall be competent to exercise
all or any of the authorities, powers and discretions vested in or exercisable by the EGI CSR
Committee.

D)

Attendance at Meetings

a.

No one other than the EGI CSR Committee Chairman and other Committee members is
entitled to be present or vote at a meeting of the EGI CSR Committee.
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Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

b.

Should any Committee Member be absent from duly called meetings without sending a
leave of absence, for three (3) consecutive meetings, recommendations will be made to
the Board of Directors for that member to be replaced.

c.

The Chairman of the Company, Director, any head or executive and any other member of senior management may be
called upon or shall be able to speak at any meeting of the EGI CSR Committee by prior permission of the Chairman.

E) Secretary
The Secretary of the Company shall be the Secretary of the EGI CSR Committee and shall
keep records of proceedings, membership and the dates of any changes to the membership of
the EGI CSR Committee.

F)

Frequency of Meetings

Meetings shall be held at such times as the EGI CSR Committee deems appropriate, and in
any event shall be held not less than four (4) times a year.

G) Proceedings

i.

ii.

Meetings of the EGI CSR Committee shall be prepared by the Secretary of the
Committee at the request of the Chairman or any member thereof.

EGI CSR

The Secretary to the EGI CSR Committee shall record the proceedings and resolutions of
meetings of the EGI CSR Committee and shall circulate the minutes of such meetings to
all members of the EGI CSR Committee.

H) Authority

i.

The EGI CSR Committee is authorised by the Board to take advise on any matter related to
CSR policy or any other matter within its Terms of Reference.

ii.

The EGI CSR Committee is authorised by the Board, to obtain external professional advice
and to secure the attendance of third parties with relevant experience and expertise at
meetings of the EGI CSR Committee, if it considers this necessary.

iii.

The Committee shall produce an Annual Budget before the beginning of each financial year for
9

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

all its ensuing CSR activities, for approval by the Board. All financial activities handled by
the Committee will therefore be assessed within such budget.

I)

Duties and Responsibilities

The responsibilities of the EGI CSR Committee shall be :

i.

To review, agree, establish the Companys EGI CSR Policy and its implementation practice in
India, in compliance to the provisions of the section 135 of the Companies Act, 2013 read
with the Companies (CSR Policy) Rules, 2014 and recommend the same for the approval
of the Board;

ii. To develop, formulate and recommend for acceptance by the Board, policies on all aspects of
EGI CSR Policy including the projects and programs relating to the activities to be
undertaken by the Company as specified in Schedule VII of the Companies Act, 2013 and
other EGI CSR-related matters as may be determined by the EGI CSR Committee from
time to time;

iii.

To prepare its budget and recommend the amount of expenditure to be incurred on the
activities referred to in the EGI CSR policy as per the provisions of the Companies Act
2013;

iv. To recommend to the Board and seek approval for the modalities of utilization of funds;

v.

To monitor and report to the Board the compliance with the EGI CSR policy and to review
performance against agreed targets.

vi. To display the Companys CSR activities and Policy on the Company website.

vii. To consider other topics, pertaining to the CSR Policy as referred to it by the Board.

J)

Reporting Procedures

The EGI CSR Committee shall:

i.

Report to the Board on its proceedings after each meeting on all matters within the scope of its
duties and responsibilities.

ii.

Make whatever recommendations to the Board as it deems appropriate on any area within its
remit where action or improvement is required.
10

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

iii.

iv.

Report on its responsibilities and activities during the year in EGI CSR Report to be published
at the same time as the Companys Annual Report.

Publicise its activities and success stories on the Company Website.

17.
Directors Responsibility Statement

Pursuant to Section 134(5) of the Companies Act, 2013, your Directors state that:

(a)

in the preparation of the annual accounts, the applicable accounting standards


had been followed along with proper explanation relating to material departures;

(b)

the directors had selected such accounting policies and applied them consistently and made judgments and
estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company
at the end of the financial year and of the profit and loss of the company for that period;

(c)

the directors had taken proper and sufficient care for the maintenance of adequate accounting records in
accordance with the provisions of this Act for safeguarding the assets of the company and for preventing and
detecting fraud and other irregularities;

(d)

(e)

the directors had prepared the annual accounts on a going concern basis; and

the directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that
such systems were adequate and operating effectively.

Conclusion
Your Directors place on record their appreciation for the overwhelming co-operation and assistance received from customers,
employees, vendors, as well as regulatory and government authorities.

Your Directors propose to drive the business endeavours with greater optimism and confidence.

For and on behalf of the Board of Directors


Ericsson India Global Services Pvt. Limited

11

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Mats Agervi

Place

Chairman

: Gurgaon
Date
: 25/06/2014
ANNEXURE

Information as per Section 134 of the Companies Act, 2013, read with the Companies (Account) Rules, 2014 and forming part of the Directors
Report for the period from 1 st April 2013 to 31 st March, 2014:

Conservation of
Energy

The operational activity of the company does not


involve large energy consumption. In any case,
conservation of energy is considered to be a
priority and therefore ensuring minimum
consumption by way of better energy conservation
programs, training/ awareness of the employees,
layout of machines and prompt upkeep is a
continuous exercise.

Technology
Absorption

The Company is taking care of latest development


and advancements in technology and all steps are
being taken to adopt the same.

Foreign Exchange
Earning and Out Go

For the period from


1-04-2013 to
31-03-2014

For the period from


1-04-2012 to
31-03-2013
(Rs. In millions)

Foreign
Exchange
Earning

Foreign
Exchange
Outgo:

31,004

20,053

47

111

203

91

3,095

2,025

a.
Assets
b.
Travelling
c.
Training
d.
Technical
12

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Others
-

For and on behalf of the Board of Directors


Ericsson India Global Services Pvt. Limited

Mats Agervi

Place

Chairman

: Gurgaon
Date
: 25 th June 2014

NOTICE OF THE ANNUAL GENERAL MEETING

Notice is hereby given that the Fourth Annual General Meeting of the Members of Ericsson India Global Services Private Limited will
be held on Thursday, 21 st August, 2014 at 04.00 p.m. at 4 th Floor, Dhaka House, 18/17 W.E.A., Pusa Lane, Karol Bagh, New
Delhi, India to transact the following businesses:ORDINARY BUSINESS
1.

To receive, consider and adopt the audited Financial Statements of the company for the financial year ended on 31 st March, 2014, the reports of
the Board of Directors and Auditors thereon and in this regard to consider and if thought fit, to pass, with or without modification(s), the
following resolution as an Ordinary Resolution :
RESOLVED THAT
the audited Financial Statements of the company for the financial year ended 31 st March, 2014, the reports of the Board of
Directors and Auditors thereon be and are hereby considered and adopted.

2.

To appoint Statutory Auditors and fix their remuneration and in this regard to consider and if thought fit, to pass, with or without modification(s),
the following resolution as an Ordinary Resolution :

RESOLVED THAT
M/s Price Waterhouse & Co., Chartered Accountants (Registration no. FRN304026E) be and are hereby appointed as Statutory Auditors of the
Company to hold office from the conclusion of this Annual General Meeting till the conclusion of next Annual General Meeting of the company
13

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

at such remuneration as may be decided by the Board of Directors of the Company

SPECIAL BUSINESS
3.

To appoint Mr. Amitabh Ray (DIN 00465936) as Director of the company and confirm his appointment as Managing Director with effect from
1 st July, 2014, on the terms and conditions and remuneration as approved by the Board and in this regard to consider and if thought fit, to pass,
with or without modification(s), the following resolution as an Ordinary Resolution :

RESOLVED THAT
Mr. Amitabh Ray (DIN 00465936), who was appointed as an Additional Director on 25 th June, 2014 by the Board under Section 161 of the
Companies Act, 2013 and who holds office upto the date of this Annual General meeting in respect of whom the company has received a notice
under section 160 of the Companies Act, 2013 alongwith a deposit of requisite amount from Mr. Amitabh Ray proposing under his hand
signifying his candidature as a Director be and is hereby appointed as Director of the Company and his appointment as Managing Director of the
company with effect from 1 st July, 2014, on the terms and conditions and remuneration as approved by the Board be and is hereby further
approved and confirmed.

By order of the Board of Directors


For Ericsson India Global Services Private Limited

Amit Shankar Kashyap


Company Secretary

Place: Gurgaon
Date: 25 th June 2014

Notes:

1.

A MEMBER ENTITLED TO ATTEND AND VOTE AT THIS ANNUAL GENERAL MEETING MAY APPOINT A PROXY TO
ATTEND AND VOTE ON A POLL ON HIS BEHALF. A PROXY NEED NOT BE A MEMBER OF THE COMPANY. PROXIES IN
ORDER TO BE EFFECTIVE, MUST BE RECEIVED AT THE REGISTERED OFFICE OF THE COMPANY, NOT LESS THAN
FORTY-EIGHT HOURS BEFORE THE COMMENCEMENT OF THIS ANNUAL GENERAL MEETING.

14

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

2. The Explanatory Statement under section 102 of the Companies Act, 2013 relating to special business to be transacted at the meeting is
attached herewith.

3. Members desirous of getting any information about the accounts and operations of the Company are requested to submit
their queries addressed to the Company Secretary at least 7 days in advance of the meeting so that the information called
for can be made available at the meeting.

4. Corporate Memebers intending to send their authorised representatives to attend the meeting are requested to send to the
company a certified copy of the Board resolution authorising their representative to attend and vote on their behalf at the
meeting.

5. Relevant documents referred to in the accompanying Notice and the Statement are open for inspection by the members of
the Company at the Registered Office of the company on all working days except Saturdays, during business hours up to
the date of meeting.
6.

Particulars
Meeting:

of

Directors

to

be

appointed/

re-appointed/

regularized

at

the

Annual

General

(I) Mr. Amitabh Ray


Mr. Amitabh Ray (DIN 00465936), aged 51 years, is Additional Director of the Company. With more than 20 years of
experience, Amitabh brings a combination of excellent technology competency and mature understanding of global
business and economic issues. He has worked on corporate strategy, management consulting, program &
engagement management, change management & systems integration for large multinational companies in India and
abroad.
Prior to joining Ericsson, Amitabh worked as Vice President IBM Global delivery. He also worked as a Partner in PwC
where he headed the three largest strategic business units (SBU) including Global Offshore Center.
The Board of Directors recommends his re-appointment. None of the other Directors except Mr. Amitabh Ray is concerned or
interested in this resolution.

ANNEXURE TO THE NOTICE


EXPLANATORY STATEMENT

(Pursuant to the Provisions of Section 102 of the Companies Act, 2013)

The following explanatory statement set out all material facts relating to the business mentioned
hereunder:

Item No. 3:
Pursuant to the provisions of section 161(1) of the Companies Act, 2013 and the Articles of Association of the
Company, the Board of Directors of the company appointed Mr. Amitabh Ray as an Additional Director of the
Company with effect from 25 th June, 2014 and further appointed as Managing Director w.e.f. 1 st July, 2014 at
remuneration and terms & conditions as approved by the Board, is proposed to be confirmed at this Annual
General Meeting.
15

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

In terms of the provisions of section 161(1) of the Companies Act, 2013, Mr. Amitabh Ray, would hold office up to
the date of the ensuing Annual General Meeting.
The Company has received a notice from Mr. Amitabh Ray alogwith a deposit of requisite amount under Section
160 of the Act, proposing under his hand signifying his candidature as a director for the office of Director of the
company.
Mr. Amitabh Ray is not disqualified from being appointed as a Director in terms of section 164 of the Act and has
given his consent to act as a Director.
Brief resume of Mr. Amitabh Ray, nature of his expertise in specific functional areas and name of companies in
which he holds directorships and memberships, shareholding and relationship between directors has been
mentioned in Note no. 6 to the Notice of AGM.
The Board of Directors of the Company recommends his appointment as a Director of the company.
None of the Directors except Mr. Amitabh Ray is interested in the said Resolution.

By order of the Board of Directors


For Ericsson India Global Services Private Limited

Amit Shankar Kashyap


Company Secretary

Place: Gurgaon
Date: 25 th June 2014

Textual information (2)


Details regarding energy conservation
The operational activity of the company does not involve large energy consumption. In any case, conservation of energy is considered to be a
priority and therefore ensuring minimum consumption by way of better energy conservation programs, training/ awareness of the employees,
layout of machines and prompt upkeep is a continuous exercise.
16

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Textual information (3)


Details regarding foreign exchange earnings and outgo
Information as per Section 134 of the Companies Act, 2013, read with the Companies (Account) Rules, 2014 and forming part of the Directors
Report for the period from 1st April 2013 to 31st March, 2014: A) Conservation of EnergyThe operational activity of the company does not
involve large energy consumption. In any case, conservation of energy is considered to be a priority and therefore ensuring minimum
consumption by way of better energy conservation programs, training/ awareness of the employees, layout of machines and prompt upkeep is a
continuous exercise. B) Technology Absorption The Company is taking care of latest development and advancements in technology and all steps
are being taken to adopt the same. C Foreign Exchange Earning and Out Go ParticularsFor the period from 1-04-2013 to 31-03-2014 For the
period from 1-04-2012 to 31-03-2013 (Rs. In millions) Foreign Exchange Earning31, 00420,053 Foreign Exchange Outgo: a. Assets47111 b.
Travelling-1 c. Training20391 d. Technical3,0952,025 Others -4

Textual information (4)


Particulars of employees as per provisions of section 217
Information Pursuant to Section 217(2A) of the Companies Act,1956 read with the Companies (Particulars of Employees) Rules, 1975 and
forming part of the Directors' Report for the year ended 31st March, 2013. Employed throughout the year and were in receipt of remuneration for
the year which, in the aggregate, was not less than Rs. Sixty lacs or Employed for a part of the financial year was in receipt of remuneration for
a.ny part of the year which in the aggregate, was not less than five lacs . Financial Year : 2013-14 ( Amount : In Millions) Name of the Employee
(Age) Designation / Nature of Duties Gross Remuneration ` Qualification(s) Experience (Years) Date of Commencement of Employment
Particulars of Previous Employment Abhay Kumar VaishWholetime director13ProfessionalNA16-06-2010NA Debasish Roy Chowdhury
Wholetime director18ProfessionalNA25-10-2010NA Amitabh RayWholetime director25ProfessionalNA16-06-2010NA Mats Robert Agervi
Managing director34ProfessionalNA02.07.2010NA

Textual information (5)


Disclosures in director?s responsibility statement
Pursuant to Section 134(5) of the Companies Act, 2013, your Directors state that: (a) in the preparation of the annual accounts, the applicable
accounting standards had been followed along with proper explanation relating to material departures; (b) the directors had selected such
accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair
view of the state of affairs of the company at the end of the financial year and of the profit and loss of the company for that period; (c) the
directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for
safeguarding the assets of the company and for preventing and detecting fraud and other irregularities; (d) the directors had prepared the annual
accounts on a going concern basis; and (e) the directors had devised proper systems to ensure compliance with the provisions of all applicable
laws and that such systems were adequate and operating effectively.

17

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

[400200] Disclosures - Auditors report


Details regarding auditors [Table]

..(1)

Unless otherwise specified, all monetary values are in Millions of INR


Auditors [Axis]

01/04/2013
to
31/03/2014
Details regarding auditors [Abstract]
Details regarding auditors [LineItems]
Category of auditor

Auditors firm
Price Waterhouse &
Co
Harinderjit Singh
304026E
86994
Building 8, 7Th
Floor, Tower B,
Dlfcyber City
AAHFP0187A
S26083907
25/06/2014
25/06/2014

Name of audit firm


Name of auditor signing report
Firms registration number of audit firm
Membership number of auditor
Address of auditors
Permanent account number of auditor or auditor's firm
SRN of form 23B
Date of signing audit report by auditors
Date of signing of balance sheet by auditors

18

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Table]

..(1)

Unless otherwise specified, all monetary values are in Millions of INR


Auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Axis]

Auditor's
favourable remark
[Member]

Clause not
applicable
[Member]

01/04/2013
to
31/03/2014

01/04/2013
to
31/03/2014

Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in


auditors' report [Abstract]
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in
auditors' report [LineItems]

Disclosure in auditors report relating to fixed assets

Disclosure relating to quantitative details of fixed assets

Disclosure relating to physical verification and material discrepancies of fixed


assets

Disclosure relating to fixed assets disposed off

Disclosure in auditors report relating to inventories

Disclosure of physical verification of inventories at fixed intervals

Disclosure of procedure followed for physical verification of inventories

19

The Company is
maintaining proper
records showing full
particulars, including
quantitative details
and situation, of
fixed assets.
The Company is
maintaining proper
records showing full
particulars, including
quantitative details
and situation, of
fixed assets.
Textual information
(6) [See below]
In our opinion, and
according to the
information
and
explanations given
to us, a substantial
part of fixed assets
has
not
been
disposed off by the
Company during the
year.
The Company is in
the business of
rendering services,
and consequently,
does not hold any
inventory. Therefore,
the provisions of
Clause 4 (ii) of the
said Order are not
applicable to the
company.
The Company is in
the business of
rendering services,
and consequently,
does not hold any
inventory. Therefore,
the provisions of
Clause 4 (ii) of the
said Order are not
applicable to the
company.
The Company is in
the business of
rendering services,
and consequently,
does not hold any
inventory. Therefore,
the provisions of
Clause 4 (ii) of the
said Order are not
applicable to the
company.

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014
The Company is in
the business of
rendering services,
and consequently,
does not hold any
inventory. Therefore,
the provisions of
Clause 4 (ii) of the
said Order are not
applicable to the
company.
Textual information
(7) [See below]
Textual information
(8) [See below]
Textual information
(9) [See below]
Textual information
(10) [See below]
Textual information
(11) [See below]

Disclosure about maintenance of inventory records and material discrepancies

Disclosure in auditors report relating to loans


Disclosure about loans granted or taken by parties covered under section 301 of
companies act
Disclosure regarding terms and conditions of loans granted or taken
Disclosure regarding terms of payment of loans granted or taken
Disclosure regarding terms of recovery of loans granted or taken
Disclosure in auditors report relating to internal control system

Disclosure in auditors report relating to contracts and arrangements under


section 301 of companies act

Disclosure relating to presence of register for necessary transactions

Disclosure relating to reasonability of transactions

Textual information
(12) [See below]
According to the
information
and
explanations given
to us, there have
been no contracts or
arrangements that
need to be entered in
the
register
maintained
under
Section 301 of the
Act.
According to the
information
and
explanations given
to us, there have
been no contracts or
arrangements that
need to be entered in
the
register
maintained
under
Section 301 of the
Act.
Textual information
(13) [See below]
The Company has
not accepted any
deposits from the
public within the
meaning of Sections
58A and 58AA of
the Act and the rules
framed there under.

Disclosure in auditors report relating to deposits accepted from public

Disclosure in auditors report relating to companies internal audit system

Disclosure in auditors report relating to maintenance of cost records


Disclosure in auditors report relating to statutory dues
Disclosure relating to regularity in payment of undisputed statutory dues
Disclosure relating to disputed statutory dues

20

In our opinion, the


internal audit system
of the Company is
commensurate with
its size and nature of
business. However,
the scope of internal
audit
requires
strengthening
in
terms of additional
areas.
Textual information
(14) [See below]
Textual information
(15) [See below]
Textual information
(16) [See below]
Textual information
(17) [See below]

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014
As the Company is
registered for a
period less than five
years, the provision
of clause 4(x) of the
Order
are
not
applicable to the
Company.
Textual information
(18) [See below]
Textual information
(19) [See below]
Textual information
(20) [See below]
Textual information
(21) [See below]
Textual information
(22) [See below]
Textual information
(23) [See below]
Textual information
(24) [See below]
Textual information
(25) [See below]
Textual information
(26) [See below]
The Company has
not raised any term
loans. Accordingly,
the provisions of
Clause 4(xvi) of the
Order
are
not
applicable to the
Company.
The Company has
not raised any loans
on short term basis.
Accordingly,
the
provisions of Clause
4(xvii) of the Order
are not applicable to
the Company.
Textual information
(27) [See below]
Textual information
(28) [See below]
The Company has
not raised any
money by public
issues during the
year. Accordingly,
the provisions of
Clause 4(xx) of the
Order
are
not
applicable to the
Company.

Disclosure in auditors report relating to accumulated losses

Disclosure in auditors report relating to default in repayment of financial dues


Disclosure in auditors report relating to loans and advances granted by way
of pledge of shares debentures and other securities
Disclosure in auditors report relating to provisions under special statute
Disclosure relating to net owned fund to deposit liability ratio
Disclosure relating to income recognition and provisioning against assets
Disclosure relating to credit appraisal procedure
Disclosure relating to repayment schedule and procedure of recovery
Disclosure in auditors report relating to adequacy of records maintained by share
trading companies
Disclosure in auditors report relating to guarantee given

Disclosure in auditors report relating to term loans used for purpose other than
for purpose they were raised

Disclosure in auditors report relating to nature and amount of fund raised


for short-term has been used for long-term or vice versa

Disclosure in auditors report relating to preferential allotment of shares


Disclosure in auditors report relating to securities created against debentures
issued

Disclosure in auditors report relating to purpose and end use of money raised
through public issues

Disclosure in auditors report relating to any material fraud reported during period

Textual information
(29) [See below]

Unless otherwise specified, all monetary values are in Millions of INR


01/04/2013
to
31/03/2014
Textual
information
[See below]
Yes

Disclosure in auditor?s report explanatory [TextBlock]


Whether companies auditors report order is applicable on company
Whether auditors' report has been qualified or has any reservations or
contains adverse remarks

No

21

(30)

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Textual information (6)


Disclosure relating to physical verification and material discrepancies of fixed assets
(b) The fixed assets are physically verified by the Management according to a phased programme designed to cover all the items over a period of
three years which, in our opinion, is reasonable having regard to the size of the Company and the nature of its assets. Pursuant to the programme,
a portion of the fixed assets has been physically verified by the Management during the year and no material discrepancies have been noticed on
such verification.

Textual information (7)


Disclosure in auditors report relating to loans
The Company has not granted/taken any loans, secured or unsecured, to companies, firms or other parties covered in the register maintained under
Section 301 of the Act. Therefore, the provisions of Clause 4(iii) (b), (c) and (d)/ (f) and (g) of the said Order are not applicable to the company

Textual information (8)


Disclosure about loans granted or taken by parties covered under section 301 of companies act
The Company has not granted/taken any loans, secured or unsecured, to companies, firms or other parties covered in the register maintained under
Section 301 of the Act. Therefore, the provisions of Clause 4(iii) (b), (c) and (d)/ (f) and (g) of the said Order are not applicable to the company

Textual information (9)


Disclosure regarding terms and conditions of loans granted or taken
The Company has not granted/taken any loans, secured or unsecured, to companies, firms or other parties covered in the register maintained under
Section 301 of the Act. Therefore, the provisions of Clause 4(iii) (b), (c) and (d)/ (f) and (g) of the said Order are not applicable to the company

Textual information (10)


Disclosure regarding terms of payment of loans granted or taken
The Company has not granted/taken any loans, secured or unsecured, to companies, firms or other parties covered in the register maintained under
Section 301 of the Act. Therefore, the provisions of Clause 4(iii) (b), (c) and (d)/ (f) and (g) of the said Order are not applicable to the company

Textual information (11)


Disclosure regarding terms of recovery of loans granted or taken
The Company has not granted/taken any loans, secured or unsecured, to companies, firms or other parties covered in the register maintained under
Section 301 of the Act. Therefore, the provisions of Clause 4(iii) (b), (c) and (d)/ (f) and (g) of the said Order are not applicable to the company

Textual information (12)


Disclosure in auditors report relating to internal control system
In our opinion , and according to the information and explanations given to us, there is an adequate internal control system commensurate with
the size of the Company and the nature of its business for the purchase of fixed assets and for the sale of services. Further, on the basis of our
examination of the books and records of the Company, and according to the information and explanations given to us, we have neither come
across, nor have been informed of, any continuing failure to correct major weaknesses in the aforesaid internal control system.

22

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Textual information (13)


Disclosure relating to reasonability of transactions
In our opinion, and according to the information and explanations given to us, there are no transactions made in pursuance of such contracts or
arrangements exceeding the value of Rupees Five Lakhs in respect of any party during the year.

Textual information (14)


Disclosure in auditors report relating to maintenance of cost records
The Central Government of India has not prescribed the maintenance of cost records under clause (d) of sub-section (1) of Section 209 of the Act
for any of the products of the Company.

Textual information (15)


Disclosure in auditors report relating to statutory dues
According to the information and explanations given to us and the records of the Company examined by us, in our opinion, the Company is
regular in depositing undisputed statutory dues including provident fund, investor education and protection fund, employee?s state insurance,
income tax, sales tax, wealth tax, service tax , customs duty, excise duty and other material statutory dues, as applicable, with the appropriate
authorities.

Textual information (16)


Disclosure relating to regularity in payment of undisputed statutory dues
According to the information and explanations given to us and the records of the Company examined by us, in our opinion, the Company is
regular in depositing undisputed statutory dues including provident fund, investor education and protection fund, employee?s state insurance,
income tax, sales tax, wealth tax, service tax , customs duty, excise duty and other material statutory dues, as applicable, with the appropriate
authorities.

Textual information (17)


Disclosure relating to disputed statutory dues
According to the information and explanations given to us and the records of the Company examined by us, there are no dues of income-tax,
sales-tax, wealth tax , service-tax, customs duty, and excise duty which have not been deposited on account of any dispute.

Textual information (18)


Disclosure in auditors report relating to default in repayment of financial dues
As the company does not have any borrowing from any financial institution or bank nor has it issued any debentures as at the balance sheet date,
the provision of Clause 4(xi) of the Order not applicable to the Company.

Textual information (19)


Disclosure in auditors report relating to loans and advances granted by way of pledge of shares debentures and other
securities
The Company has not granted any loans and advances on the basis of security by way of pledge of shares, debentures and other securities.
Therefore, the provisions of Clause 4(xii) of the Order are not applicable to the Company

23

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Textual information (20)


Disclosure in auditors report relating to provisions under special statute
As the provisions of any special statute applicable to chit fund/ nidhi / mutual benefit fund/ societies are not applicable to the Company, the
provisions of Clause 4(xiii) of the Order are not applicable to the Company.

Textual information (21)


Disclosure relating to net owned fund to deposit liability ratio
As the provisions of any special statute applicable to chit fund/ nidhi / mutual benefit fund/ societies are not applicable to the Company, the
provisions of Clause 4(xiii) of the Order are not applicable to the Company.

Textual information (22)


Disclosure relating to income recognition and provisioning against assets
As the provisions of any special statute applicable to chit fund/ nidhi / mutual benefit fund/ societies are not applicable to the Company, the
provisions of Clause 4(xiii) of the Order are not applicable to the Company.

Textual information (23)


Disclosure relating to credit appraisal procedure
As the provisions of any special statute applicable to chit fund/ nidhi / mutual benefit fund/ societies are not applicable to the Company, the
provisions of Clause 4(xiii) of the Order are not applicable to the Company.

Textual information (24)


Disclosure relating to repayment schedule and procedure of recovery
As the provisions of any special statute applicable to chit fund/ nidhi / mutual benefit fund/ societies are not applicable to the Company, the
provisions of Clause 4(xiii) of the Order are not applicable to the Company.

Textual information (25)


Disclosure in auditors report relating to adequacy of records maintained by share trading companies
In our opinion, the Company is not dealing in or trade in shares, securities, debentures and other investments. Accordingly, the provisions of
Clause 4(xiv) of the Order are not applicable to the Company.

Textual information (26)


Disclosure in auditors report relating to guarantee given
In our opinion, and according to the information and explanations given to us, the Company has not given any guarantee for loans taken by others
from banks or financial institutions during the year. Accordingly, the provisions of Clause 4(xv) of the Order are not applicable to the Company.

Textual information (27)


Disclosure in auditors report relating to preferential allotment of shares
The Company has not made any preferential allotment of shares to parties and companies covered in the register maintained under Section 301 of
the Act during the year. Accordingly, the provisions of Clause 4(xviii) of the Order are not applicable to the Company.

24

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Textual information (28)


Disclosure in auditors report relating to securities created against debentures issued
The Company has not issued any debentures during the year and does not have any debentures outstanding as at the beginning of the year and at
the year end. Accordingly, the provisions of Clause 4(xix) of the Order are not applicable to the Company.

Textual information (29)


Disclosure in auditors report relating to any material fraud reported during period
During the course of our examination of the books and records of the Company, carried out in accordance with the generally accepted auditing
practices in India , and according to the information and explanations given to us, we have neither come across any instance of material fraud on
or by the Company, noticed or reported during the year, nor have we been informed of any such case by the Management.

25

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Textual information (30)


Disclosure in auditor?s report explanatory [Text Block]
INDEPENDENT AUDITORS REPORT
To the Members of Ericsson India Global Services Private Limited
Report on the Financial Statements
1.

We have audited the accompanying financial statements of Ericsson India Global Services Private Limited (the Company),
which comprise the Balance Sheet as at March 31, 2014, and the Statement of Profit and Loss and Cash Flow Statement for
the year then ended, and a summary of significant accounting policies and other explanatory information, which we have
signed under reference to this report.

Managements Responsibility for the Financial Statements


2.

The Companys Management is responsible for the preparationof these financial statements that give a true and fair view of
the financial position, financial performance and cash flows of the Company in accordance with the Accounting Standards
notified under the Companies Act, 1956 (the Act) read with the General Circular 15/2013 dated September 13, 2013 of the
Ministry of Corporate Affairs in respect of Section 133 of the Companies Act, 2013.This responsibility includes the design,
implementation and maintenance of internal control relevant to the preparation and presentation of the financial statements that
give a true and fair view and are free from material misstatement, whether due to fraud or error.

Auditors Responsibility
3.

Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in
accordance with the Standards on Auditing and other applicable authoritative pronouncements issued by the Institute of
Chartered Accountants of India. Those Standards require that we comply with ethical requirements and plan and perform the
audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

4.

An audit involves performing procedures to obtain audit evidence, about the amounts and disclosures in the financial
statements. The procedures selected depend on the auditors judgment, including the assessment of the risks of material
misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditors
consider internal control relevant to the Companys preparation and fair presentation of the financial statements in order to
design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the
effectiveness of the entitys internal control. An audit also includes evaluating the appropriateness of accounting policies used
and the reasonableness of the accounting estimates made by Management, as well as evaluating the overall presentation of the
financial statements.

5.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Opinion
6.

In our opinion, and to the best of our information and according to the explanations given to us, the accompanying financial
statements give the information required by the Act in the manner so required and give a true and fair view in conformity with
the accounting principles generally accepted in India:
(a) in the case of the Balance Sheet, of the state of affairs of the Company as at March 31, 2014;
(b) in the case of the Statement of Profit and Loss, of the profit for the year ended on that date; and
(c) in the case of the Cash Flow Statement, of the cash flows for the year ended on that date.

Report on Other Legal and Regulatory Requirements


7.

As required by the Companies (Auditors Report) Order, 2003, as amended by the Companies (Auditors Report) (Amendment)
26

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Order, 2004, issued by the Central Government of India in terms of sub-section (4A) of section 227 of the Act (hereinafter
referred to as the Order), and on the basis of such checks of the books and records of the Company as we considered
appropriate and according to the information and explanations given to us, we give in the Annexure a statement on the matters
specified in paragraphs 4 and 5 of the Order.
8. As required by section 227(3) of the Act, we report that:
(a) We have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for
the purpose of our audit;
(b) In our opinion, proper books of account as required by law have been kept by the Company so far as appears from our
examination of those books;
(c) The Balance Sheet, Statement of Profit and Loss, and Cash Flow Statement dealt with by this Report are in agreement
with the books of account;
(d) In our opinion, the Balance Sheet, Statement of Profit and Loss, and Cash Flow Statement dealt with by this report comply
with the Accounting Standards notified under the Companies Act, 1956 read with the General Circular 15/2013 dated
September 13, 2013 of the Ministry of Corporate Affairs in respect of Section 133 of the Companies Act, 2013;
(e) On the basis of written representations received from the directors as on March 31, 2014, and taken on record by the Board
of Directors, none of the directors is disqualified as on March 31, 2014, from being appointed as a director in terms of
clause (g) of sub-section (1) of section 274 of the Act.
For Price Waterhouse & Co.
Firm Registration Number: 304026E
Chartered Accountants
Harinderjit Singh
Place: Gurgaon

Partner

Date: June 25, 2014

Membership Number: 086994

Annexure to Independent Auditors Report


Referred to in paragraph 7 of the Independent Auditors Report of even date to the members of Ericsson India Global Services
Private Limited on the financial statements as of and for the year ended March 31, 2014

i.

(a) The Company is maintaining proper records showing full particulars, including quantitative details and situation, of fixed
assets.

(b) The fixed assets are physically verified by the Management according to a phased programme designed to cover all the
items over a period of three years which, in our opinion, is reasonable having regard to the size of the Company and the
nature of its assets. Pursuant to the programme, a portion of the fixed assets has been physically verified by the
Management during the year and no material discrepancies have been noticed on such verification.

(c)

In our opinion, and according to the information and explanations given to us, a substantial part of fixed assets has not
been disposed off by the Company during the year.

27

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

ii.

The Company is in the business of rendering services, and consequently, does not hold any inventory. Therefore, the
provisions of Clause 4 (ii) of the said Order are not applicable to the company.

iii.

The Company has not granted/taken any loans, secured or unsecured, to companies, firms or other parties covered in the
register maintained under Section 301 of the Act. Therefore, the provisions of Clause 4(iii) (b), (c) and (d)/ (f) and (g) of
the said Order are not applicable to the company.

iv

In our opinion , and according to the information and explanations given to us, there is an adequate internal control
system commensurate with the size of the Company and the nature of its business for the purchase of fixed assets and for
the sale of services. Further, on the basis of our examination of the books and records of the Company, and according to
the information and explanations given to us, we have neither come across, nor have been informed of, any continuing
failure to correct major weaknesses in the aforesaid internal control system.

v. (a)

According to the information and explanations given to us, there have been no contracts or arrangements that need to be
entered in the register maintained under Section 301 of the Act.

(b)

In our opinion, and according to the information and explanations given to us, there are no transactions made in pursuance
of such contracts or arrangements exceeding the value of Rupees Five Lakhs in respect of any party during the year.

vi.

The Company has not accepted any deposits from the public within the meaning of Sections 58A and 58AA of the Act
and the rules framed there under.

vii.

In our opinion, the internal audit system of the Company is commensurate with its size and nature of business. However,
the scope of internal audit requires strengthening in terms of additional areas.

viii

The Central Government of India has not prescribed the maintenance of cost records
under clause (d) of sub-section (1) of Section 209 of the Act for any of the products of the
Company.

Annexure to Independent Auditors Report


Referred to in paragraph 7 of the Independent Auditors Report of even date to the members of Ericsson India Global Services
Private Limited on the financial statements as of and for the year ended March 31, 2014

Page 2 of 3

ix.

(a) According to the information and explanations given to us and the records of the Company examined by us, in our
opinion, the Company is regular in depositing undisputed statutory dues including provident fund, investor education and
protection fund, employees state insurance, income tax, sales tax, wealth tax, service tax , customs duty, excise duty and
other material statutory dues, as applicable, with the appropriate authorities.
28

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

(b) According to the information and explanations given to us and the records of the Company
examined by us, there are no dues of income-tax, sales-tax, wealth tax , service-tax, customs duty,
and excise duty which have not been deposited on account of any dispute.

x.

As the Company is registered for a period less than five years, the provision of clause 4(x) of the
Order are not applicable to the Company.

xi.

As the company does not have any borrowing from any financial institution or bank nor has it issued any debentures as at
the balance sheet date, the provision of Clause 4(xi) of the Order not applicable to the Company.

xii.

The Company has not granted any loans and advances on the basis of security by way of pledge of shares, debentures and
other securities. Therefore, the provisions of Clause 4(xii) of the Order are not applicable to the Company

xiii.

As the provisions of any special statute applicable to chit fund/ nidhi / mutual benefit fund/ societies are not applicable to
the Company, the provisions of Clause 4(xiii) of the Order are not applicable to the Company.

xiv.

In our opinion, the Company is not dealing in or trade in shares, securities, debentures and other investments.
Accordingly, the provisions of Clause 4(xiv) of the Order are not applicable to the Company.

xv.

In our opinion, and according to the information and explanations given to us, the Company has not given any guarantee
for loans taken by others from banks or financial institutions during the year. Accordingly, the provisions of Clause 4(xv)
of the Order are not applicable to the Company.

xvi.

The Company has not raised any term loans. Accordingly, the provisions of Clause 4(xvi) of the Order are not applicable
to the Company.

xvii.

The Company has not raised any loans on short term basis. Accordingly, the provisions of Clause 4(xvii) of the Order are
not applicable to the Company.

xviii.

The Company has not made any preferential allotment of shares to parties and companies covered in the register
maintained under Section 301 of the Act during the year. Accordingly, the provisions of Clause 4(xviii) of the Order are
not applicable to the Company.

xix.

The Company has not issued any debentures during the year and does not have any debentures outstanding as at the
beginning of the year and at the year end. Accordingly, the provisions of Clause 4(xix) of the Order are not applicable to
the Company.

xx.

The Company has not raised any money by public issues during the year. Accordingly, the provisions of Clause 4(xx) of
the Order are not applicable to the Company.
29

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Annexure to Independent Auditors Report


Referred to in paragraph 7 of the Independent Auditors Report of even date to the members of Ericsson India Global Services
Private Limited on the financial statements as of and for the year ended March 31, 2014

Page 3 of 3

xxi.

During the course of our examination of the books and records of the Company, carried out in
accordance with the generally accepted auditing practices in India , and according to the
information and explanations given to us, we have neither come across any instance of material
fraud on or by the Company, noticed or reported during the year, nor have we been informed of
any such case by the Management.
For Price Waterhouse & Co.
Firm Registration Number: 304026E
Chartered Accountants
Harinderjit Singh

Place: Gurgaon

Partner

Date: June 25, 2014

Membership Number 086994

30

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

[100100] Balance sheet


Unless otherwise specified, all monetary values are in Millions of INR
31/03/2014
Balance sheet [Abstract]
Equity and liabilities [Abstract]
Shareholders' funds [Abstract]
Share capital
Reserves and surplus
Total shareholders' funds
Share application money pending allotment
Non-current liabilities [Abstract]
Long-term borrowings
Other long-term liabilities
Long-term provisions
Total non-current liabilities
Current liabilities [Abstract]
Short-term borrowings
Trade payables
Other current liabilities
Short-term provisions
Total current liabilities
Total equity and liabilities
Assets [Abstract]
Non-current assets [Abstract]
Fixed assets [Abstract]
Tangible assets
Intangible assets
Total fixed assets
Non-current investments
Deferred tax assets (net)
Long-term loans and advances
Total non-current assets
Current assets [Abstract]
Current investments
Inventories
Trade receivables
Cash and bank balances
Short-term loans and advances
Other current assets
Total current assets
Total assets

Footnotes
(A) Refer Note 35
(B) Refer Note 35

31

31/03/2013

388.53
8,781.47
9,170
0

388.53
4,462.47
4,851
0

0
0
431
431

0
0
277
277

(A) 3,035
2,581
80
5,696
15,297

(B) 2,308
878
329
3,515
8,643

2,319
230
2,549
0
511
561
3,621

2,405
74
2,479
0
230
330
3,039

0
0
6,184
4,421
697
374
11,676
15,297

0
0
4,108
1,003
242
251
5,604
8,643

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

[400300] Disclosures - Signatories of balance sheet


Details of directors signing balance sheet [Table]

..(1)

Unless otherwise specified, all monetary values are in Millions of INR


Directors signing balance sheet [Axis]

Details of signatories of balance sheet [Abstract]


Details of directors signing balance sheet [Abstract]
Details of directors signing balance sheet [LineItems]
Name of director signing balance sheet [Abstract]
First name of director
Middle name of director
Last name of director
Designation of director
Director identification number of director
Date of signing of balance sheet by director

01

02

01/04/2013
to
31/03/2014

01/04/2013
to
31/03/2014

Mats
Robert
Agervi
Managing Director
03034679
25/06/2014

Debasish
Roy
Chowdhury
Director
00467690
25/06/2014

Unless otherwise specified, all monetary values are in Millions of INR


01/04/2013
to
31/03/2014
Name of company secretary
Permanent account number of company secretary
Date of signing of balance sheet by company secretary

AMIT SHANKAR KASHYAP


ANGPK7277C
25/06/2014

32

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

[100400] Cash flow statement, indirect


Unless otherwise specified, all monetary values are in Millions of INR
01/04/2013
to
31/03/2014
Statement of cash flows [Abstract]
Cash flows from used in operating activities [Abstract]
Profit before extraordinary items and tax
Adjustments for reconcile profit (loss) [Abstract]
Adjustments to profit (loss) [Abstract]
Adjustments for finance costs
Adjustments for depreciation and amortisation expense
Adjustments for impairment loss reversal of impairment loss
recognised in profit or loss
Adjustments for unrealised foreign exchange losses gains
Other adjustments for which cash effects are investing or
financing cash flow
Other adjustments to reconcile profit (loss)

01/04/2012
to
31/03/2013

5,499

3,361

(A) -255

(B) -67

(C) 1,365

(D) 878

(E) 15

(F) 19

214

33

(G) 702

Other adjustments for non-cash items


Total adjustments to profit (loss)
Adjustments for working capital [Abstract]
Adjustments for decrease (increase) in trade receivables
Adjustments for decrease (increase) in other current and
non-current assets
Adjustments for increase (decrease) in trade payables
Adjustments for increase (decrease) in other current and
non-current liabilities
Adjustments for provisions
Total adjustments for working capital
Total adjustments for reconcile profit (loss)
Net cash flows from (used in) operations
Income taxes (paid) refund
Net cash flows from (used in) operating activities before extraordinary
items
Net cash flows from (used in) operating activities
Cash flows from used in investing activities [Abstract]
Purchase of tangible assets
Proceeds from sales of intangible assets
Interest received
Net cash flows from (used in) investing activities before extraordinary
items
Net cash flows from (used in) investing activities
Net increase (decrease) in cash and cash equivalents before effect of
exchange rate changes
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents cash flow statement at end of period

33

31/03/2012

(H) 0

(I) 179
2,220

(J) 148
1,011

-3,001

-1,217

(K) -433

(L) -1,575

736

878.99

1,704

254

0
-994
1,226
6,725
2,111

1,195.01
-464
547
3,908
1,209

4,614

2,699

4,614

2,699

1,457
7
254

1,891
2
67

-1,196

-1,822

-1,196

-1,822

3,418

877

3,418
4,421

877
1,003

126

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Footnotes
(A) Interest income
(B) Interest income
(C) Includes 1309 for depreciation and 56 for amortisation
(D) Includes 867 for depreciation and 11 for amortisation
(E) Loss on sale of fixed assets
(F) Loss on sale of fixed assets
(G) It includes Provision for doubtful debts as 442 and bad debt written off as 260.
(H) Provision for doubtful debts
(I) Provision for gratuity and leave encashment
(J) Provision for gratuity and leave encashment
(K) It includes ( Increase ) in long term loans and advances as (231) , (Increase) in other current assets as ( 123) and ( Increase) in short
term loans and advances as (79)
(L) It includes ( Increase ) in long term loans and advances as (117) , (Increase) in other current assets as ( 169) and ( Increase) in short
term loans and advances as (1289)

34

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

[200100] Notes - Share capital


Disclosure of classes of share capital [Table]

..(1)

Unless otherwise specified, all monetary values are in Millions of INR


Classes of share capital [Axis]

Share capital [Member]

01/04/2013
to
31/03/2014

Equity shares [Member]

01/04/2012
to
31/03/2013

01/04/2013
to
31/03/2014

01/04/2012
to
31/03/2013

Disclosure of classes of share capital [Abstract]


Disclosure of classes of share capital [LineItems]
Number of shares authorised
Value of shares authorised
Number of shares issued
Value of shares issued
Number of shares subscribed and fully paid
Value of shares subscribed and fully paid
Number of shares subscribed but not fully paid
Value of shares subscribed but not fully paid
Total number of shares subscribed
Total value of shares subscribed
Value of shares paid-up [Abstract]
Number of shares paid-up
Value of shares called
Calls unpaid [Abstract]
Calls unpaid by directors and officers
[Abstract]
Calls unpaid by directors
Calls unpaid by officers
Total calls unpaid by directors and
officers
Calls unpaid by others
Total calls unpaid
Forfeited shares
Forfeited shares reissued
Value of shares paid-up
Reconciliation of number of shares outstanding
[Abstract]
Changes in number of shares outstanding
[Abstract]
Increase in number of shares outstanding
[Abstract]
Number of shares issued in public offering
Number of shares issued as bonus shares
Number of shares issued as rights
Number of shares issued in private
placement
Number of shares issued as preferential
allotment
Number of shares allotted for
contracts without payment received
in cash
Number of shares issued under scheme of
amalgamation
Number of other issues of shares
Number of shares arising out of
conversion of securities
Total aggregate number of shares issued
during period
Decrease in number of shares during period
[Abstract]
Number of shares bought back
Other decrease in number of shares

[shares]
[shares]
[shares] 10,00,00,000
[shares] 10,00,00,000
10,00,00,000
10,00,00,000
1,000
1,000
1,000
1,000
[shares] 3,88,53,000 [shares] 3,88,53,000 [shares] 3,88,53,000 [shares] 3,88,53,000
388.53
388.53
388.53
388.53
[shares] 3,88,53,000 [shares] 3,88,53,000 [shares] 3,88,53,000 [shares] 3,88,53,000
388.53
388.53
388.53
388.53
[shares] 0
[shares] 0
[shares] 0
[shares] 0
0
0
0
0
[shares] 3,88,53,000 [shares] 3,88,53,000 [shares] 3,88,53,000 [shares] 3,88,53,000
388.53
388.53
388.53
388.53
[shares] 3,88,53,000
388.53

35

[shares] 3,88,53,000 [shares] 3,88,53,000


388.53
388.53

[shares] 3,88,53,000
388.53

0
0

0
0

0
0

0
0

0
0
0
0
388.53

0
0
0
0
388.53

0
0
0
0
388.53

0
0
0
0
388.53

[shares] 0
[shares] 0
[shares] 0

[shares] 0
[shares] 0
[shares] 0

[shares] 0
[shares] 0
[shares] 0

[shares] 0
[shares] 0
[shares] 0

[shares] 0

[shares] 0

[shares] 0

[shares] 0

[shares] 0

[shares] 0

[shares] 0

[shares] 0

[shares] 0

[shares] 0

[shares] 0

[shares] 0

[shares] 0

[shares] 0

[shares] 0

[shares] 0

[shares] 0

[shares] 0

[shares] 0

[shares] 0

[shares] 0

[shares] 0

[shares] 0

[shares] 0

[shares] 0

[shares] 0

[shares] 0

[shares] 0

[shares] 0
[shares] 0

[shares] 0
[shares] 0

[shares] 0
[shares] 0

[shares] 0
[shares] 0

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Total decrease in number of shares during


period
Total increase (decrease) in number of
shares outstanding
Number of shares outstanding at end of period
Reconciliation of value of shares outstanding
[Abstract]
Changes in share capital [Abstract]
Increase in share capital during period
[Abstract]
Amount of public issue during period
Amount of bonus issue during period
Amount of rights issue during period
Amount of private placement issue during
period
Amount of preferential allotment issue
during period
Amount of issue allotted for
contracts without payment
received in cash during period
Amount of issue under scheme of
amalgamation during period
Amount of other issues during period
Amount of issue arising out of
conversion of securities during
period
Total aggregate amount of increase in
share capital during period
Decrease in share capital during period
[Abstract]
Decrease in amount of shares bought back
Other decrease in amount of shares
Total decrease in share capital during
period
Total increase (decrease) in share capital
Share capital at end of period
Shares in company held by holding company or
ultimate holding company or by its subsidiaries
or associates [Abstract]
Shares in company held by holding company
Shares in company held by ultimate holding
company
Shares in company held by subsidiaries of its
holding company
Shares in company held by subsidiaries of its
ultimate holding company
Shares in company held by associates of its
holding company
Shares in company held by associates of its
ultimate holding company
Total shares in company held by holding company
or ultimate holding company or by its
subsidiaries or associates
Shares reserved for issue under options
and contracts or commitments for sale of
shares or disinvestment
Amount of shares reserved for issue under options
and contracts or commitments for sale of shares or
disinvestment
Aggregate number of fully paid-up shares
issued pursuant to contracts without
payment being received in cash
Aggregate number of fully paid-up shares
issued by way of bonus shares
Aggregate number of shares bought back
Original paid-up value of forfeited shares
Details of application money received for
allotment of securities and due for refund and
interest accrued thereon [Abstract]

[shares] 0

[shares] 0

[shares] 0

[shares] 0

[shares] 0

[shares] 0

[shares] 0

[shares] 0

[shares] 3,88,53,000 [shares] 3,88,53,000

[shares] 3,88,53,000

[shares] 3,88,53,000

0
0
0

0
0
0

0
0
0

0
0
0

0
0

0
0

0
0

0
0

0
388.53

0
388.53

0
388.53

0
388.53

[shares] 3,88,52,999 [shares] 3,88,52,999

[shares] 3,88,52,999

[shares] 3,88,52,999
[shares] 0

[shares] 0

[shares] 0

[shares] 0

[shares] 1

[shares] 1

[shares] 1

[shares] 1

[shares] 0

[shares] 0

[shares] 0

[shares] 0

[shares] 0

[shares] 0

[shares] 0

[shares] 0

[shares] 0

[shares] 0

[shares] 0

[shares] 0

[shares] 3,88,53,000 [shares] 3,88,53,000

[shares] 3,88,53,000

[shares] 3,88,53,000

36

[shares] 0

[shares] 0

[shares] 0

[shares] 0

[shares] 0

[shares] 0

[shares] 0

[shares] 0

[shares] 0

[shares] 0

[shares] 0

[shares] 0

[shares] 0
0

[shares] 0
0

[shares] 0
0

[shares] 0
0

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Application money received for allotment of


securities and due for refund and interest
accrued thereon [Abstract]
Application money received for
allotment of securities and due for
refund, principal
Application money received for
allotment of securities and due for
refund, interest accrued
Total application money received for
allotment of securities and due for refund
and interest accrued thereon
Number of shares proposed to be issued
Share premium for shares to be allotted

37

[shares] 0
0

[shares] 0
0

[shares] 0
0

[shares] 0
0

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Disclosure of classes of share capital [Table]

..(2)

Unless otherwise specified, all monetary values are in Millions of INR


Classes of share capital [Axis]

Equity shares 1 [Member]

01/04/2013
to
31/03/2014
Disclosure of classes of share capital [Abstract]
Disclosure of classes of share capital [LineItems]
Type of share

01/04/2012
to
31/03/2013

Equity

Number of shares authorised


Value of shares authorised
Number of shares issued
Value of shares issued
Number of shares subscribed and fully paid
Value of shares subscribed and fully paid
Number of shares subscribed but not fully paid
Value of shares subscribed but not fully paid
Total number of shares subscribed
Total value of shares subscribed
Value of shares paid-up [Abstract]
Number of shares paid-up
Value of shares called
Calls unpaid [Abstract]
Calls unpaid by directors and officers [Abstract]
Calls unpaid by directors
Calls unpaid by officers
Total calls unpaid by directors and officers
Calls unpaid by others
Total calls unpaid
Forfeited shares
Forfeited shares reissued
Value of shares paid-up
Par value per share
Details of shares not fully called [Abstract]
Amount per share called
Reconciliation of number of shares outstanding [Abstract]
Changes in number of shares outstanding [Abstract]
Increase in number of shares outstanding [Abstract]
Number of shares issued in public offering
Number of shares issued as bonus shares
Number of shares issued as rights
Number of shares issued in private placement
Number of shares issued as preferential allotment
Number of shares allotted for contracts without payment received in cash
Number of shares issued under scheme of amalgamation
Number of other issues of shares
Number of shares arising out of conversion of securities
Total aggregate number of shares issued during period
Decrease in number of shares during period [Abstract]
Number of shares bought back
Other decrease in number of shares
Total decrease in number of shares during period
Total increase (decrease) in number of shares outstanding
Number of shares outstanding at end of period
Reconciliation of value of shares outstanding [Abstract]
Changes in share capital [Abstract]
Increase in share capital during period [Abstract]
Amount of public issue during period
Amount of bonus issue during period
Amount of rights issue during period
Amount of private placement issue during period
Amount of preferential allotment issue during period

38

Equity
[shares]
[shares] 10,00,00,000
10,00,00,000
1,000
1,000
[shares] 3,88,53,000 [shares] 3,88,53,000
388.53
388.53
[shares] 3,88,53,000 [shares] 3,88,53,000
388.53
388.53
[shares] 0
[shares] 0
0
0
[shares] 3,88,53,000 [shares] 3,88,53,000
388.53
388.53
[shares] 3,88,53,000
388.53

[shares] 3,88,53,000
388.53

0
0
0
0
0
0
0
388.53
[INR/shares] 10

0
0
0
0
0
0
0
388.53
[INR/shares] 10

[INR/shares] 0

[INR/shares] 0

[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0

[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0

[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 3,88,53,000

[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 3,88,53,000

0
0
0
0
0

0
0
0
0
0

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Amount of issue allotted for contracts without payment received in cash


during period
Amount of issue under scheme of amalgamation during period
Amount of other issues during period
Amount of issue arising out of conversion of securities during period
Total aggregate amount of increase in share capital during period
Decrease in share capital during period [Abstract]
Decrease in amount of shares bought back
Other decrease in amount of shares
Total decrease in share capital during period
Total increase (decrease) in share capital
Share capital at end of period
Shares in company held by holding company or ultimate holding company or by its
subsidiaries or associates [Abstract]
Shares in company held by holding company
Shares in company held by ultimate holding company
Shares in company held by subsidiaries of its holding company
Shares in company held by subsidiaries of its ultimate holding company
Shares in company held by associates of its holding company
Shares in company held by associates of its ultimate holding company
Total shares in company held by holding company or ultimate holding company
or by its subsidiaries or associates
Shares reserved for issue under options and contracts or commitments for sale of
shares or disinvestment
Amount of shares reserved for issue under options and contracts or commitments
for sale of shares or disinvestment
Aggregate number of fully paid-up shares issued pursuant to contracts without
payment being received in cash
Aggregate number of fully paid-up shares issued by way of bonus shares
Aggregate number of shares bought back
Original paid-up value of forfeited shares
Details of application money received for allotment of securities and due for
refund and interest accrued thereon [Abstract]
Application money received for allotment of securities and due for refund and
interest accrued thereon [Abstract]
Application money received for allotment of securities and due for refund,
principal
Application money received for allotment of securities and due for refund,
interest accrued
Total application money received for allotment of securities and due for
refund and interest accrued thereon
Number of shares proposed to be issued
Share premium for shares to be allotted

0
0
0
0

0
0
0
0

0
0
0
0
388.53

0
0
0
0
388.53

[shares] 3,88,52,999
[shares] 0
[shares] 1
[shares] 0
[shares] 0
[shares] 0

[shares] 3,88,52,999
[shares] 0
[shares] 1
[shares] 0
[shares] 0
[shares] 0

[shares] 3,88,53,000

[shares] 3,88,53,000

[shares] 0

[shares] 0

[shares] 0

[shares] 0

[shares] 0
[shares] 0
0

[shares] 0
[shares] 0
0

[shares] 0
0

[shares] 0
0

Disclosure of shareholding more than five per cent in company [Table]

..(1)

Unless otherwise specified, all monetary values are in Millions of INR


Classes of share capital [Axis]
Name of shareholder [Axis]

Equity shares [Member]


Shareholder 1 [Member]

31/03/2014
Disclosure of shareholding more than five per cent in
company [Abstract]
Disclosure of shareholding more than five per cent
in company [LineItems]
Type of share

01/04/2013
to
31/03/2014

01/04/2012
to
31/03/2013

EQUITY
EQUITY
Telefonaktiebolaget
Telefonaktiebolaget L
L M Ericsson ,
M Ericsson , Sweden
Sweden

Name of shareholder
Country of incorporation or residence of
shareholder
Number of shares held in company
Percentage of shareholding in company

31/03/2013

Equity shares 1 [Member]


Shareholder 1 [Member]

SWEDEN
[shares] 3,88,52,999

39

[shares] 3,88,52,999 [shares] 3,88,52,999


99.99%

SWEDEN
[shares] 3,88,52,999
99.99%

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Unless otherwise specified, all monetary values are in Millions of INR


01/04/2013
to
31/03/2014
Disclosure of notes on share capital explanatory [TextBlock]
Whether there are any shareholders holding more than five per cent
shares in company
Whether money raised from public offering during year

01/04/2012
to
31/03/2013

Yes

Yes

No

No

[200200] Notes - Reserves and surplus


Statement of changes in reserves [Table]

..(1)

Unless otherwise specified, all monetary values are in Millions of INR


Components of reserves [Axis]

Reserves [Member]

01/04/2013
to
31/03/2014
Statement of changes in reserves [Abstract]
Statement of changes in reserves [LineItems]
Changes in reserves [Abstract]
Additions to reserves [Abstract]
Profit (loss) for period
Other additions to reserves
Total additions to reserves
Total changes in reserves
Reserves at end of period

4,319
0.47
4,319.47
4,319.47
8,781.47

Capital reserves [Member]

01/04/2012
to
31/03/2013

2,290
0.47
2,290.47
2,290.47
4,462.47

01/04/2013
to
31/03/2014

(A) 0.47
0.47
0.47
0.47

01/04/2012
to
31/03/2013

(B) 0.47
0.47
0.47
0.47

(A) 0.47 has been added with a view to recoucile the share capital difference appearing in XBRL format which is (389- 388.53) = 0.47
(B) 0.47 has been added with a view to recoucile the share capital difference appearing in XBRL format which is (389- 388.53) = 0.47
Statement of changes in reserves [Table]

..(2)

Unless otherwise specified, all monetary values are in Millions of INR


Components of reserves [Axis]

Surplus [Member]

01/04/2013
to
31/03/2014
Statement of changes in reserves [Abstract]
Statement of changes in reserves [LineItems]
Changes in reserves [Abstract]
Additions to reserves [Abstract]
Profit (loss) for period
Total additions to reserves
Total changes in reserves
Reserves at end of period

4,319
4,319
4,319
8,781

40

01/04/2012
to
31/03/2013

2,290
2,290
2,290
4,462

31/03/2012

2,172

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

[201000] Notes - Tangible assets


Disclosure of tangible assets [Table]

..(1)

Unless otherwise specified, all monetary values are in Millions of INR


Classes of tangible assets [Axis]
Sub classes of tangible assets [Axis]
Carrying amount accumulated depreciation and gross
carrying amount [Axis]

Company total tangible assets [Member]


Owned and leased assets [Member]
Gross carrying amount
Accumulated depreciation and
Carrying amount [Member]
[Member]
impairment [Member]

01/04/2013
to
31/03/2014
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible
assets
Depreciation tangible assets
Impairment loss
recognised in profit or
loss tangible assets
Reversal of impairment loss
recognised in profit or loss
tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets,
others
Total disposals tangible
assets
Other adjustments tangible
assets [Abstract]
Other adjustments tangible
assets, others
Total other adjustments
tangible assets
Total changes in tangible
assets
Tangible assets at end of period

01/04/2012
to
31/03/2013

01/04/2013
to
31/03/2014

01/04/2012
to
31/03/2013

01/04/2012
to
31/03/2013

1,245

1,831

-1,309

-867

1,309

867

22

21

63

50

41

29

22

21

63

50

41

29

-86

943

1,182

1,781

1,268

838

2,319

2,405

4,725

3,543

2,406

1,138

41

1,245

01/04/2013
to
31/03/2014

1,831

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Disclosure of tangible assets [Table]

..(2)

Unless otherwise specified, all monetary values are in Millions of INR


Classes of tangible assets [Axis]
Sub classes of tangible assets [Axis]
Carrying amount accumulated depreciation and gross
carrying amount [Axis]

Company total tangible assets [Member]


Owned assets [Member]
Gross carrying amount
Accumulated depreciation and
Carrying amount [Member]
[Member]
impairment [Member]

01/04/2013
to
31/03/2014
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible
assets
Depreciation tangible assets
Impairment loss
recognised in profit or
loss tangible assets
Reversal of impairment loss
recognised in profit or loss
tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets,
others
Total disposals tangible
assets
Other adjustments tangible
assets [Abstract]
Other adjustments tangible
assets, others
Total other adjustments
tangible assets
Total changes in tangible
assets
Tangible assets at end of period

01/04/2012
to
31/03/2013

01/04/2013
to
31/03/2014

01/04/2012
to
31/03/2013

01/04/2012
to
31/03/2013

1,245

1,831

-1,309

-867

1,309

867

22

21

63

50

41

29

22

21

63

50

41

29

-86

943

1,182

1,781

1,268

838

2,319

2,405

4,725

3,543

2,406

1,138

42

1,245

01/04/2013
to
31/03/2014

1,831

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Disclosure of tangible assets [Table]

..(3)

Unless otherwise specified, all monetary values are in Millions of INR


Classes of tangible assets [Axis]
Sub classes of tangible assets [Axis]
Carrying amount accumulated depreciation and gross
carrying amount [Axis]

Plant and equipment [Member]


Owned and leased assets [Member]
Gross carrying amount
Accumulated depreciation and
Carrying amount [Member]
[Member]
impairment [Member]

01/04/2013
to
31/03/2014
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible
assets
Depreciation tangible assets
Impairment loss
recognised in profit or
loss tangible assets
Reversal of impairment loss
recognised in profit or loss
tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets,
others
Total disposals tangible
assets
Other adjustments tangible
assets [Abstract]
Other adjustments tangible
assets, others
Total other adjustments
tangible assets
Total changes in tangible
assets
Tangible assets at end of period

01/04/2012
to
31/03/2013

01/04/2013
to
31/03/2014

01/04/2012
to
31/03/2013

01/04/2012
to
31/03/2013

308

214

-270

-119

270

119

17

10

49

32

32

22

17

10

49

32

32

22

21

85

259

182

238

97

295

274

697

438

402

164

43

308

01/04/2013
to
31/03/2014

214

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Disclosure of tangible assets [Table]

..(4)

Unless otherwise specified, all monetary values are in Millions of INR


Classes of tangible assets [Axis]
Sub classes of tangible assets [Axis]
Carrying amount accumulated depreciation and gross
carrying amount [Axis]

Carrying amount [Member]

01/04/2013
to
31/03/2014
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible
assets
Depreciation tangible assets
Impairment loss
recognised in profit or
loss tangible assets
Reversal of impairment loss
recognised in profit or loss
tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets,
others
Total disposals tangible
assets
Other adjustments tangible
assets [Abstract]
Other adjustments tangible
assets, others
Total other adjustments
tangible assets
Total changes in tangible
assets
Tangible assets at end of period

Plant and equipment [Member]


Owned assets [Member]
Gross carrying amount
[Member]

01/04/2012
to
31/03/2013

01/04/2013
to
31/03/2014

01/04/2012
to
31/03/2013

01/04/2013
to
31/03/2014

01/04/2012
to
31/03/2013

308

214

-270

-119

270

119

17

10

49

32

32

22

17

10

49

32

32

22

21

85

259

182

238

97

295

274

697

438

402

164

44

308

Accumulated depreciation and


impairment [Member]

214

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Disclosure of tangible assets [Table]

..(5)

Unless otherwise specified, all monetary values are in Millions of INR


Classes of tangible assets [Axis]
Sub classes of tangible assets [Axis]
Carrying amount accumulated depreciation and gross
carrying amount [Axis]

Furniture and fixtures [Member]


Owned and leased assets [Member]
Gross carrying amount
Accumulated depreciation and
Carrying amount [Member]
[Member]
impairment [Member]

01/04/2013
to
31/03/2014
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible
assets
Depreciation tangible assets
Impairment loss
recognised in profit or
loss tangible assets
Reversal of impairment loss
recognised in profit or loss
tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets,
others
Total disposals tangible
assets
Other adjustments tangible
assets [Abstract]
Other adjustments tangible
assets, others
Total other adjustments
tangible assets
Total changes in tangible
assets
Tangible assets at end of period

01/04/2012
to
31/03/2013

01/04/2013
to
31/03/2014

01/04/2012
to
31/03/2013

01/04/2012
to
31/03/2013

52

169

-81

-64

81

64

-29

105

52

169

81

64

258

287

429

377

171

90

45

52

01/04/2013
to
31/03/2014

169

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Disclosure of tangible assets [Table]

..(6)

Unless otherwise specified, all monetary values are in Millions of INR


Classes of tangible assets [Axis]
Sub classes of tangible assets [Axis]
Carrying amount accumulated depreciation and gross
carrying amount [Axis]

Carrying amount [Member]

01/04/2013
to
31/03/2014
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible
assets
Depreciation tangible assets
Impairment loss
recognised in profit or
loss tangible assets
Reversal of impairment loss
recognised in profit or loss
tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets,
others
Total disposals tangible
assets
Other adjustments tangible
assets [Abstract]
Other adjustments tangible
assets, others
Total other adjustments
tangible assets
Total changes in tangible
assets
Tangible assets at end of period

Furniture and fixtures [Member]


Owned assets [Member]
Gross carrying amount
[Member]

01/04/2012
to
31/03/2013

01/04/2013
to
31/03/2014

01/04/2012
to
31/03/2013

01/04/2013
to
31/03/2014

01/04/2012
to
31/03/2013

52

169

-81

-64

81

64

-29

105

52

169

81

64

258

287

429

377

171

90

46

52

Accumulated depreciation and


impairment [Member]

169

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Disclosure of tangible assets [Table]

..(7)

Unless otherwise specified, all monetary values are in Millions of INR


Classes of tangible assets [Axis]
Sub classes of tangible assets [Axis]
Carrying amount accumulated depreciation and gross
carrying amount [Axis]

Office equipment [Member]


Owned and leased assets [Member]
Gross carrying amount
Accumulated depreciation and
Carrying amount [Member]
[Member]
impairment [Member]

01/04/2013
to
31/03/2014
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible
assets
Depreciation tangible assets
Impairment loss
recognised in profit or
loss tangible assets
Reversal of impairment loss
recognised in profit or loss
tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets,
others
Total disposals tangible
assets
Other adjustments tangible
assets [Abstract]
Other adjustments tangible
assets, others
Total other adjustments
tangible assets
Total changes in tangible
assets
Tangible assets at end of period

01/04/2012
to
31/03/2013

01/04/2013
to
31/03/2014

01/04/2012
to
31/03/2013

01/04/2012
to
31/03/2013

759

772

-503

-315

503

315

10

14

17

10

14

17

251

447

745

755

494

308

972

721

1,816

1,071

844

350

47

759

01/04/2013
to
31/03/2014

772

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Disclosure of tangible assets [Table]

..(8)

Unless otherwise specified, all monetary values are in Millions of INR


Classes of tangible assets [Axis]
Sub classes of tangible assets [Axis]
Carrying amount accumulated depreciation and gross
carrying amount [Axis]

Carrying amount [Member]

01/04/2013
to
31/03/2014
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible
assets
Depreciation tangible assets
Impairment loss
recognised in profit or
loss tangible assets
Reversal of impairment loss
recognised in profit or loss
tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets,
others
Total disposals tangible
assets
Other adjustments tangible
assets [Abstract]
Other adjustments tangible
assets, others
Total other adjustments
tangible assets
Total changes in tangible
assets
Tangible assets at end of period

Office equipment [Member]


Owned assets [Member]
Gross carrying amount
[Member]

01/04/2012
to
31/03/2013

01/04/2013
to
31/03/2014

Accumulated depreciation and


impairment [Member]

01/04/2012
to
31/03/2013

01/04/2012
to
31/03/2013

759

772

-503

-315

503

315

10

14

17

10

14

17

251

447

745

755

494

308

972

721

1,816

1,071

844

350

48

759

01/04/2013
to
31/03/2014

772

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Disclosure of tangible assets [Table]

..(9)

Unless otherwise specified, all monetary values are in Millions of INR


Classes of tangible assets [Axis]
Sub classes of tangible assets [Axis]
Carrying amount accumulated depreciation and gross
carrying amount [Axis]

Computer equipments [Member]


Owned and leased assets [Member]
Gross carrying amount
Accumulated depreciation and
Carrying amount [Member]
[Member]
impairment [Member]

01/04/2013
to
31/03/2014
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible
assets
Depreciation tangible assets
Impairment loss
recognised in profit or
loss tangible assets
Reversal of impairment loss
recognised in profit or loss
tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets,
others
Total disposals tangible
assets
Other adjustments tangible
assets [Abstract]
Other adjustments tangible
assets, others
Total other adjustments
tangible assets
Total changes in tangible
assets
Tangible assets at end of period

01/04/2012
to
31/03/2013

01/04/2013
to
31/03/2014

01/04/2012
to
31/03/2013

01/04/2012
to
31/03/2013

759

772

-503

-315

503

315

10

14

17

10

14

17

251

447

745

755

494

308

972

721

1,816

1,071

844

350

49

759

01/04/2013
to
31/03/2014

772

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Disclosure of tangible assets [Table]

..(10)

Unless otherwise specified, all monetary values are in Millions of INR


Classes of tangible assets [Axis]
Sub classes of tangible assets [Axis]
Carrying amount accumulated depreciation and gross
carrying amount [Axis]

Carrying amount [Member]

01/04/2013
to
31/03/2014
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible
assets
Depreciation tangible assets
Impairment loss
recognised in profit or
loss tangible assets
Reversal of impairment loss
recognised in profit or loss
tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets,
others
Total disposals tangible
assets
Other adjustments tangible
assets [Abstract]
Other adjustments tangible
assets, others
Total other adjustments
tangible assets
Total changes in tangible
assets
Tangible assets at end of period

Computer equipments [Member]


Owned assets [Member]
Gross carrying amount
[Member]

01/04/2012
to
31/03/2013

01/04/2013
to
31/03/2014

01/04/2012
to
31/03/2013

01/04/2013
to
31/03/2014

01/04/2012
to
31/03/2013

759

772

-503

-315

503

315

10

14

17

10

14

17

251

447

745

755

494

308

972

721

1,816

1,071

844

350

50

759

Accumulated depreciation and


impairment [Member]

772

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Disclosure of tangible assets [Table]

..(11)

Unless otherwise specified, all monetary values are in Millions of INR


Classes of tangible assets [Axis]
Sub classes of tangible assets [Axis]
Carrying amount accumulated depreciation and gross
carrying amount [Axis]

Leasehold improvements [Member]


Owned and leased assets [Member]
Gross carrying amount
Accumulated depreciation and
Carrying amount [Member]
[Member]
impairment [Member]

01/04/2013
to
31/03/2014
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible
assets
Depreciation tangible assets
Impairment loss
recognised in profit or
loss tangible assets
Reversal of impairment loss
recognised in profit or loss
tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets,
others
Total disposals tangible
assets
Other adjustments tangible
assets [Abstract]
Other adjustments tangible
assets, others
Total other adjustments
tangible assets
Total changes in tangible
assets
Tangible assets at end of period

01/04/2012
to
31/03/2013

01/04/2013
to
31/03/2014

01/04/2012
to
31/03/2013

01/04/2012
to
31/03/2013

126

676

-455

-369

455

369

-329

306

126

675

455

369

794

1,123

1,783

1,657

989

534

51

126

01/04/2013
to
31/03/2014

676

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Disclosure of tangible assets [Table]

..(12)

Unless otherwise specified, all monetary values are in Millions of INR


Classes of tangible assets [Axis]
Sub classes of tangible assets [Axis]
Carrying amount accumulated depreciation and gross
carrying amount [Axis]

Leasehold improvements [Member]


Owned assets [Member]
Gross carrying amount
Accumulated depreciation and
Carrying amount [Member]
[Member]
impairment [Member]

01/04/2013
to
31/03/2014
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible
assets
Depreciation tangible assets
Impairment loss
recognised in profit or
loss tangible assets
Reversal of impairment loss
recognised in profit or loss
tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets,
others
Total disposals tangible
assets
Other adjustments tangible
assets [Abstract]
Other adjustments tangible
assets, others
Total other adjustments
tangible assets
Total changes in tangible
assets
Tangible assets at end of period

01/04/2012
to
31/03/2013

01/04/2013
to
31/03/2014

01/04/2012
to
31/03/2013

126

01/04/2013
to
31/03/2014

01/04/2012
to
31/03/2013

126

676

676

-455

-369

455

369

-329

306

126

675

455

369

794

1,123

1,783

1,657

989

534

Disclosure of additional information tangible assets [Table]

..(1)

Unless otherwise specified, all monetary values are in Millions of INR


Company total tangible assets
[Member]
Owned and leased assets
[Member]

Classes of tangible assets [Axis]


Sub classes of tangible assets [Axis]

01/04/2013
to
31/03/2014

Plant and equipment [Member]


Owned and leased assets
[Member]

01/04/2012
to
31/03/2013

01/04/2013
to
31/03/2014

01/04/2012
to
31/03/2013

Owned assets [Member]

01/04/2013
to
31/03/2014

01/04/2012
to
31/03/2013

Disclosure of additional information


tangible assets [Abstract]
Disclosure of additional information
tangible assets [LineItems]
Depreciation method tangible assets

Useful lives or depreciation rates


tangible assets

NA

NA

NA

NA

52

Straight
Line Straight Line
Value
Value
Refer To Note Refer To Note
2.2
2.2

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Disclosure of additional information tangible assets [Table]

..(2)

Unless otherwise specified, all monetary values are in Millions of INR


Classes of tangible assets [Axis]

Furniture and fixtures [Member]


Owned and leased assets
Owned assets [Member]
[Member]

Sub classes of tangible assets [Axis]

01/04/2013
to
31/03/2014

01/04/2012
to
31/03/2013

01/04/2013
to
31/03/2014

01/04/2012
to
31/03/2013

Office equipment [Member]


Owned and leased assets
[Member]

01/04/2013
to
31/03/2014

01/04/2012
to
31/03/2013

Disclosure of additional information


tangible assets [Abstract]
Disclosure of additional information
tangible assets [LineItems]
Depreciation method tangible assets

Useful lives or depreciation rates


tangible assets

NA

NA

Straight
Line Straight
Line
Value
Value
Refer To Note Refer To Note
NA
2.2
2.2

NA

Disclosure of additional information tangible assets [Table]

..(3)

Unless otherwise specified, all monetary values are in Millions of INR


Classes of tangible assets [Axis]

Leasehold improvements
[Member]
Owned and leased assets
[Member]

Computer equipments [Member]


Owned and leased assets
[Member]

Sub classes of tangible assets [Axis]

01/04/2013
to
31/03/2014

01/04/2012
to
31/03/2013

Owned assets [Member]

01/04/2013
to
31/03/2014

01/04/2012
to
31/03/2013

01/04/2013
to
31/03/2014

01/04/2012
to
31/03/2013

Disclosure of additional information


tangible assets [Abstract]
Disclosure of additional information
tangible assets [LineItems]
Depreciation method tangible assets

Useful lives or depreciation rates


tangible assets

NA

NA

Straight
Line Straight
Line
Value
Value
Refer To Note Refer To Ntoe
NA
2.2
2.2

NA

Disclosure of additional information tangible assets [Table]

..(4)

Unless otherwise specified, all monetary values are in Millions of INR


Classes of tangible assets [Axis]
Sub classes of tangible assets [Axis]

Leasehold improvements [Member]


Owned assets [Member]

01/04/2013
to
31/03/2014
Disclosure of additional information tangible assets [Abstract]
Disclosure of additional information tangible assets [LineItems]
Depreciation method tangible assets
Useful lives or depreciation rates tangible assets

01/04/2012
to
31/03/2013

Straight Line Value Straight Line Value


Refer To Note 2.2 Refer To Note 2.2

Unless otherwise specified, all monetary values are in Millions of INR


01/04/2013
to
31/03/2014
Textual
information
[See below]

Disclosure of notes on tangible assets explanatory [TextBlock]

53

(31)

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Textual information (31)


Disclosure of notes on tangible assets explanatory [Text Block]

9. Tangible Assets

Description

GROSS BLOCK

DEPRECIATION

NET BLOCK

01/04/2013

Additions

Deletions

31/03/2014

01/04
/2013

Dep.

31/03/2014

31/03/2014

31/3/2013

Leasehold
Improvements

1657

126

1783

534

455

989

794

1123

Plant &
Machinery

438

308

(49)

697

164

270

(32)

402

295

274

Furniture &
Fixtures

377

52

429

90

81

171

258

287

Computers

1071

759

(14)

1816

350

503

(9)

844

972

721

Total

3543

1245

(63)

4725

1138

1309

(41)

2406

2319

2405

Previous
year

1762

1831

(50)

3543

300

867

(29)

1138

2405

1462

Own Assets:

*accumulated amortisation on deletions

54

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

[201100] Notes - Intangible assets


Disclosure of intangible assets [Table]

..(1)

Unless otherwise specified, all monetary values are in Millions of INR


Classes of intangible assets [Axis]
Sub classes of intangible assets [Axis]
Carrying amount accumulated amortization and
impairment and gross carrying amount [Axis]

Company total intangible assets [Member]


Internally generated and other than internally generated intangible assets [Member]
Gross carrying amount
Accumulated amortization and
Carrying amount [Member]
[Member]
impairment [Member]

01/04/2013
to
31/03/2014
Disclosure of intangible assets [Abstract]
Disclosure of intangible assets
[LineItems]
Reconciliation of changes in
intangible assets [Abstract]
Changes in intangible assets
[Abstract]
Additions to intangible assets
[Abstract]
Additions other than through
business combinations
intangible assets
Total additions to
intangible assets
Amortization intangible assets
Impairment loss
recognised in profit or
loss intangible assets
Reversal of impairment loss
recognised in profit or loss
intangible assets
Disposals intangible assets
[Abstract]
Disposals intangible
assets, others
Total disposals intangible
assets
Other adjustments intangible
assets [Abstract]
Other adjustments
intangible assets, others
Total other adjustments
intangible assets
Total changes in intangible
assets
Intangible assets at end of period

01/04/2012
to
31/03/2013

01/04/2013
to
31/03/2014

01/04/2012
to
31/03/2013

01/04/2013
to
31/03/2014

01/04/2012
to
31/03/2013

212

74

212

74

212

74

212

74

-56

-11

56

11

156

63

212

74

56

11

230

74

298

86

68

12

55

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Disclosure of intangible assets [Table]

..(2)

Unless otherwise specified, all monetary values are in Millions of INR


Classes of intangible assets [Axis]
Sub classes of intangible assets [Axis]
Carrying amount accumulated amortization and
impairment and gross carrying amount [Axis]

Company total intangible assets [Member]


Intangible assets other than internally generated [Member]
Gross carrying amount
Accumulated amortization and
Carrying amount [Member]
[Member]
impairment [Member]

01/04/2013
to
31/03/2014
Disclosure of intangible assets [Abstract]
Disclosure of intangible assets
[LineItems]
Reconciliation of changes in
intangible assets [Abstract]
Changes in intangible assets
[Abstract]
Additions to intangible assets
[Abstract]
Additions other than through
business combinations
intangible assets
Total additions to
intangible assets
Amortization intangible assets
Impairment loss
recognised in profit or
loss intangible assets
Reversal of impairment loss
recognised in profit or loss
intangible assets
Disposals intangible assets
[Abstract]
Disposals intangible
assets, others
Total disposals intangible
assets
Other adjustments intangible
assets [Abstract]
Other adjustments
intangible assets, others
Total other adjustments
intangible assets
Total changes in intangible
assets
Intangible assets at end of period

01/04/2012
to
31/03/2013

01/04/2013
to
31/03/2014

01/04/2012
to
31/03/2013

01/04/2013
to
31/03/2014

01/04/2012
to
31/03/2013

212

74

212

74

212

74

212

74

-56

-11

56

11

156

63

212

74

56

11

230

74

298

86

68

12

56

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Disclosure of intangible assets [Table]

..(3)

Unless otherwise specified, all monetary values are in Millions of INR


Classes of intangible assets [Axis]
Sub classes of intangible assets [Axis]
Carrying amount accumulated amortization and
impairment and gross carrying amount [Axis]

Licenses and franchise [Member]


Internally generated and other than internally generated intangible assets [Member]
Gross carrying amount
Accumulated amortization and
Carrying amount [Member]
[Member]
impairment [Member]

01/04/2013
to
31/03/2014
Disclosure of intangible assets [Abstract]
Disclosure of intangible assets
[LineItems]
Reconciliation of changes in
intangible assets [Abstract]
Changes in intangible assets
[Abstract]
Additions to intangible assets
[Abstract]
Additions other than through
business combinations
intangible assets
Total additions to
intangible assets
Amortization intangible assets
Impairment loss
recognised in profit or
loss intangible assets
Reversal of impairment loss
recognised in profit or loss
intangible assets
Disposals intangible assets
[Abstract]
Disposals intangible
assets, others
Total disposals intangible
assets
Other adjustments intangible
assets [Abstract]
Other adjustments
intangible assets, others
Total other adjustments
intangible assets
Total changes in intangible
assets
Intangible assets at end of period

01/04/2012
to
31/03/2013

01/04/2013
to
31/03/2014

01/04/2012
to
31/03/2013

01/04/2013
to
31/03/2014

01/04/2012
to
31/03/2013

212

74

212

74

212

74

212

74

-56

-11

56

11

156

63

212

74

56

11

230

74

298

86

68

12

57

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Disclosure of intangible assets [Table]

..(4)

Unless otherwise specified, all monetary values are in Millions of INR


Classes of intangible assets [Axis]
Sub classes of intangible assets [Axis]
Carrying amount accumulated amortization and
impairment and gross carrying amount [Axis]

Licenses and franchise [Member]


Intangible assets other than internally generated [Member]
Gross carrying amount
Accumulated amortization and
Carrying amount [Member]
[Member]
impairment [Member]

01/04/2013
to
31/03/2014
Disclosure of intangible assets [Abstract]
Disclosure of intangible assets
[LineItems]
Reconciliation of changes in
intangible assets [Abstract]
Changes in intangible assets
[Abstract]
Additions to intangible assets
[Abstract]
Additions other than through
business combinations
intangible assets
Total additions to
intangible assets
Amortization intangible assets
Impairment loss
recognised in profit or
loss intangible assets
Reversal of impairment loss
recognised in profit or loss
intangible assets
Disposals intangible assets
[Abstract]
Disposals intangible
assets, others
Total disposals intangible
assets
Other adjustments intangible
assets [Abstract]
Other adjustments
intangible assets, others
Total other adjustments
intangible assets
Total changes in intangible
assets
Intangible assets at end of period

01/04/2012
to
31/03/2013

01/04/2013
to
31/03/2014

01/04/2012
to
31/03/2013

01/04/2013
to
31/03/2014

01/04/2012
to
31/03/2013

212

74

212

74

212

74

212

74

-56

-11

56

11

156

63

212

74

56

11

230

74

298

86

68

12

58

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Disclosure of intangible assets [Table]

..(5)

Unless otherwise specified, all monetary values are in Millions of INR


Classes of intangible assets [Axis]
Sub classes of intangible assets [Axis]
Carrying amount accumulated amortization and
impairment and gross carrying amount [Axis]

Licenses [Member]
Internally generated and other than internally generated intangible assets [Member]
Gross carrying amount
Accumulated amortization and
Carrying amount [Member]
[Member]
impairment [Member]

01/04/2013
to
31/03/2014
Disclosure of intangible assets [Abstract]
Disclosure of intangible assets
[LineItems]
Reconciliation of changes in
intangible assets [Abstract]
Changes in intangible assets
[Abstract]
Additions to intangible assets
[Abstract]
Additions other than through
business combinations
intangible assets
Total additions to
intangible assets
Amortization intangible assets
Impairment loss
recognised in profit or
loss intangible assets
Reversal of impairment loss
recognised in profit or loss
intangible assets
Disposals intangible assets
[Abstract]
Disposals intangible
assets, others
Total disposals intangible
assets
Other adjustments intangible
assets [Abstract]
Other adjustments
intangible assets, others
Total other adjustments
intangible assets
Total changes in intangible
assets
Intangible assets at end of period

01/04/2012
to
31/03/2013

01/04/2013
to
31/03/2014

01/04/2012
to
31/03/2013

01/04/2013
to
31/03/2014

01/04/2012
to
31/03/2013

212

74

212

74

212

74

212

74

-56

-11

56

11

156

63

212

74

56

11

230

74

298

86

68

12

59

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Disclosure of intangible assets [Table]

..(6)

Unless otherwise specified, all monetary values are in Millions of INR


Classes of intangible assets [Axis]
Sub classes of intangible assets [Axis]
Carrying amount accumulated amortization and
impairment and gross carrying amount [Axis]

Licenses [Member]
Intangible assets other than internally generated [Member]
Gross carrying amount
Accumulated amortization and
Carrying amount [Member]
[Member]
impairment [Member]

01/04/2013
to
31/03/2014
Disclosure of intangible assets [Abstract]
Disclosure of intangible assets
[LineItems]
Reconciliation of changes in
intangible assets [Abstract]
Changes in intangible assets
[Abstract]
Additions to intangible assets
[Abstract]
Additions other than through
business combinations
intangible assets
Total additions to
intangible assets
Amortization intangible assets
Impairment loss
recognised in profit or
loss intangible assets
Reversal of impairment loss
recognised in profit or loss
intangible assets
Disposals intangible assets
[Abstract]
Disposals intangible
assets, others
Total disposals intangible
assets
Other adjustments intangible
assets [Abstract]
Other adjustments
intangible assets, others
Total other adjustments
intangible assets
Total changes in intangible
assets
Intangible assets at end of period

01/04/2012
to
31/03/2013

01/04/2013
to
31/03/2014

01/04/2012
to
31/03/2013

01/04/2013
to
31/03/2014

01/04/2012
to
31/03/2013

212

74

212

74

212

74

212

74

-56

-11

56

11

156

63

212

74

56

11

230

74

298

86

68

12

Disclosure of additional information intangible assets [Table]

..(1)

Unless otherwise specified, all monetary values are in Millions of INR


Company total intangible assets
Licenses and franchise [Member]
Licenses [Member]
[Member]
Internally generated and other
Internally generated and other Internally generated and other
than internally generated
than internally generated
than internally generated
intangible assets [Member]
intangible assets [Member]
intangible assets [Member]

Classes of intangible assets [Axis]


Sub classes of intangible assets [Axis]

01/04/2013
to
31/03/2014
Disclosure of additional information
intangible assets [Abstract]
Disclosure of additional information
intangible assets [LineItems]
Useful lives or amortization rates
intangible assets
Description of amortization method
used

01/04/2012
to
31/03/2013

01/04/2013
to
31/03/2014

01/04/2012
to
31/03/2013

01/04/2013
to
31/03/2014

01/04/2012
to
31/03/2013

NA

NA

NA

NA

NA

NA

60

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Disclosure of additional information intangible assets [Table]

..(2)

Unless otherwise specified, all monetary values are in Millions of INR


Classes of intangible assets [Axis]

Licenses [Member]
Intangible assets other than internally
generated [Member]

Sub classes of intangible assets [Axis]

01/04/2013
to
31/03/2014

01/04/2012
to
31/03/2013

Disclosure of additional information intangible assets [Abstract]


Disclosure of additional information intangible assets [LineItems]
Refer To Note 2.3(Amortisation
Rate Is 25% For Software 4 Years
Licence
Straight
Straight Line Value
Line Value

Useful lives or amortization rates intangible assets


Description of amortization method used

Unless otherwise specified, all monetary values are in Millions of INR


01/04/2013
to
31/03/2014
Textual
information
[See below]

Disclosure of notes on intangible assets explanatory [TextBlock]

(32)

Textual information (32)


Disclosure of notes on intangible assets explanatory [Text Block]

Description

GROSS BLOCK

DEPRECIATION

NET BLOCK

01/04/2013

Additions

Deletions

31/03/2014

01/04
/2013

Dep.

31/03/2014

31/03/2014

31/3/2013

Software
License

86

212

298

12

56

68

230

74

Total

86

212

298

12

56

68

230

74

Previous Year

12

74

86

11

12

74

Own Assets:
(Acquired)

*
Accumulated Amortization on Deletions

61

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

[200600] Notes - Subclassification and notes on liabilities and assets


Classification of inventories [Table]

..(1)

Unless otherwise specified, all monetary values are in Millions of INR


Classification of inventories [Axis]

Company total inventories [Member]

31/03/2014
Subclassification and notes on liabilities and assets [Abstract]
Inventories notes [Abstract]
Inventories [Abstract]
Classification of inventories [Abstract]
Details of inventories [LineItems]
Inventories

31/03/2013

Loans and advances [Table]

..(1)

Unless otherwise specified, all monetary values are in Millions of INR


Classification based on time period [Axis]
Classification of loans and advances [Axis]
Classification of assets based on security [Axis]

Long-term [Member]
Loans and advances [Member]
Security deposits [Member]
Unsecured considered good [Member]
Unsecured considered good [Member]

31/03/2014
Subclassification and notes on liabilities and assets
[Abstract]
Loans and advances notes [Abstract]
Loans and advances [Abstract]
Disclosure of loans and advances [LineItems]
Loans and advances, gross
Allowance for bad and doubtful loans and
advances
Loans and advances
Details of loans and advances due by
directors, other officers or others
[Abstract]
Loans and advances due by directors
Loans and advances due by other officers
Details of loans and advances due by firms
or companies in which any director is
partner or director [Abstract]
Loans and advances due by firms in
which any director is partner
Total loans and advances due
by firms or companies in which
any director is partner or
director

62

31/03/2013

31/03/2014

31/03/2013

561

330

440

330

561

330

440

330

0
0

0
0

0
0

0
0

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Loans and advances [Table]

..(2)

Unless otherwise specified, all monetary values are in Millions of INR


Classification based on time period [Axis]
Classification of loans and advances [Axis]
Classification of assets based on security [Axis]

Long-term [Member]
Other loans and advances [Member]
Prepaid expenses [Member]
Unsecured considered good [Member]
Unsecured considered good [Member]

31/03/2014
Subclassification and notes on liabilities and assets
[Abstract]
Loans and advances notes [Abstract]
Loans and advances [Abstract]
Disclosure of loans and advances [LineItems]
Loans and advances, gross
Allowance for bad and doubtful loans and
advances
Loans and advances
Details of loans and advances due by
directors, other officers or others
[Abstract]
Loans and advances due by directors
Loans and advances due by other officers
Details of loans and advances due by firms
or companies in which any director is
partner or director [Abstract]
Loans and advances due by firms in
which any director is partner
Total loans and advances due
by firms or companies in which
any director is partner or
director

31/03/2013

31/03/2014

31/03/2013

121

121

121

121

0
0

0
0

0
0

0
0

Loans and advances [Table]

..(3)

Unless otherwise specified, all monetary values are in Millions of INR


Classification based on time period [Axis]
Classification of loans and advances [Axis]
Classification of assets based on security [Axis]

Short-term [Member]
Loans and advances [Member]
Security deposits [Member]
Unsecured considered good [Member]
Unsecured considered good [Member]

31/03/2014
Subclassification and notes on liabilities and assets
[Abstract]
Loans and advances notes [Abstract]
Loans and advances [Abstract]
Disclosure of loans and advances [LineItems]
Loans and advances, gross
Allowance for bad and doubtful loans and
advances
Loans and advances
Details of loans and advances due by
directors, other officers or others
[Abstract]
Loans and advances due by directors
Loans and advances due by other officers
Details of loans and advances due by firms
or companies in which any director is
partner or director [Abstract]
Loans and advances due by firms in
which any director is partner
Total loans and advances due
by firms or companies in which
any director is partner or
director

63

31/03/2013

31/03/2014

31/03/2013

697

242

46

45

697

242

46

45

0
0

0
0

0
0

0
0

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Loans and advances [Table]

..(4)

Unless otherwise specified, all monetary values are in Millions of INR


Classification based on time period [Axis]
Classification of loans and advances [Axis]
Classification of assets based on security [Axis]

Short-term [Member]
Loans advances given employees
Loans advances value be received
[Member]
[Member]
Unsecured considered good [Member]
Unsecured considered good [Member]

31/03/2014
Subclassification and notes on liabilities and assets
[Abstract]
Loans and advances notes [Abstract]
Loans and advances [Abstract]
Disclosure of loans and advances [LineItems]
Loans and advances, gross
Allowance for bad and doubtful loans and
advances
Loans and advances
Details of loans and advances due by
directors, other officers or others
[Abstract]
Loans and advances due by directors
Loans and advances due by other officers
Details of loans and advances due by firms
or companies in which any director is
partner or director [Abstract]
Loans and advances due by firms in
which any director is partner
Total loans and advances due
by firms or companies in which
any director is partner or
director

31/03/2013

31/03/2014

31/03/2013

12

35

97

75

12

35

97

75

0
0

0
0

0
0

0
0

Loans and advances [Table]

..(5)

Unless otherwise specified, all monetary values are in Millions of INR


Classification based on time period [Axis]
Classification of loans and advances [Axis]
Classification of assets based on security [Axis]

Short-term [Member]
Other loans and advances [Member]
Prepaid expenses [Member]
Unsecured considered good [Member]
Unsecured considered good [Member]

31/03/2014
Subclassification and notes on liabilities and assets
[Abstract]
Loans and advances notes [Abstract]
Loans and advances [Abstract]
Disclosure of loans and advances [LineItems]
Loans and advances, gross
Allowance for bad and doubtful loans and
advances
Loans and advances
Details of loans and advances due by
directors, other officers or others
[Abstract]
Loans and advances due by directors
Loans and advances due by other officers
Details of loans and advances due by firms
or companies in which any director is
partner or director [Abstract]
Loans and advances due by firms in
which any director is partner
Total loans and advances due
by firms or companies in which
any director is partner or
director

64

31/03/2013

31/03/2014

31/03/2013

542

87

166

87

542

87

166

87

0
0

0
0

0
0

0
0

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Loans and advances [Table]

..(6)

Unless otherwise specified, all monetary values are in Millions of INR


Classification based on time period [Axis]
Classification of loans and advances [Axis]
Classification of assets based on security [Axis]

Short-term [Member]
Advance tax [Member]
Advance income tax paid [Member]
Unsecured considered good [Member]
Unsecured considered good [Member]

31/03/2014
Subclassification and notes on liabilities and assets
[Abstract]
Loans and advances notes [Abstract]
Loans and advances [Abstract]
Disclosure of loans and advances [LineItems]
Loans and advances, gross
Allowance for bad and doubtful loans and
advances
Loans and advances
Details of loans and advances due by
directors, other officers or others
[Abstract]
Loans and advances due by directors
Loans and advances due by other officers
Details of loans and advances due by firms
or companies in which any director is
partner or director [Abstract]
Loans and advances due by firms in
which any director is partner
Total loans and advances due
by firms or companies in which
any director is partner or
director

31/03/2013

31/03/2014

31/03/2013

376

(A) 376

376

376

0
0

0
0

0
0

0
0

Footnotes
(A) Advance income tax ( Net of Provision Rs. 3,790 million)
Subclassification of trade receivables [Table]

..(1)

Unless otherwise specified, all monetary values are in Millions of INR


Classification of assets based on security [Axis]

Classification of assets based on security


[Member]

31/03/2014
Subclassification and notes on liabilities and assets
[Abstract]
Trade receivables notes [Abstract]
Trade receivables [Abstract]
Subclassification of trade receivables
[Abstract]
Subclassification of trade receivables
[LineItems]
Breakup of trade receivables [Abstract]
Trade receivables, gross
Allowance for bad and doubtful debts
Total trade receivables
Details of trade receivables due by
directors, other officers or others
[Abstract]
Trade receivables due by directors
Trade receivables due by other officers
Details of trade receivables due by
firms or companies in which any director
is partner or director [Abstract]
Total trade receivables due by firms
or companies in which any director is
partner or director

6,626
442
6,184

65

31/03/2013

4,108
0
4,108

Unsecured considered good [Member]

31/03/2014

31/03/2013

6,184
0
6,184

4,108
0
4,108

0
0

0
0

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Subclassification of trade receivables [Table]

..(2)

Unless otherwise specified, all monetary values are in Millions of INR


Classification of assets based on security [Axis]

Doubtful [Member]

31/03/2014
Subclassification and notes on liabilities and assets [Abstract]
Trade receivables notes [Abstract]
Trade receivables [Abstract]
Subclassification of trade receivables [Abstract]
Subclassification of trade receivables [LineItems]
Breakup of trade receivables [Abstract]
Trade receivables, gross
Allowance for bad and doubtful debts
Total trade receivables
Details of trade receivables due by directors, other officers or others
[Abstract]
Trade receivables due by directors
Trade receivables due by other officers
Details of trade receivables due by firms or companies in which any
director is partner or director [Abstract]
Total trade receivables due by firms or companies in which any
director is partner or director

31/03/2013

(A) 442
442
0

0
0
0

0
0

0
0

Footnotes
(A) It includes Outstanding for the period exceeding six months is 251 and others is 191 which totals as 442.
Disclosure of breakup of provisions [Table]

..(1)

Unless otherwise specified, all monetary values are in Millions of INR


Classification based on time period [Axis]

Long-term [Member]

31/03/2014
Subclassification and notes on liabilities and assets
[Abstract]
Provisions notes [Abstract]
Disclosure of breakup of provisions [Abstract]
Disclosure of breakup of provisions [LineItems]
Provisions [Abstract]
Provisions for employee benefits
[Abstract]
Provision gratuity
Provision leave encashment
Total provisions for employee benefits
Provision for corporate tax [Abstract]
Provision for current tax
Total provision for corporate tax
Total provisions

(A) 94
337
431

431

Footnotes
(A) Refer Note 19
(B) Refer Note 19
(C) Provision for Income tax ( Previous year net of advance tax Rs. 2,055 million)

66

Short-term [Member]

31/03/2013

31/03/2014

31/03/2013

(B) 9
268
277

80
80

55
55

277

0
0
80

274
(C) 274
329

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Unless otherwise specified, all monetary values are in Millions of INR


01/04/2013
to
31/03/2014

01/04/2012
to
31/03/2013

Disclosure of subclassification and notes on liabilities and assets


explanatory [TextBlock]
Trade payables, long-term
Total other long-term liabilities

0
0
Provision for Income tax
( Previous year net of
advance tax Rs. 2,055
million)

Nature of other provisions


Interest accrued but not due on borrowings
Interest accrued and due on borrowings
Debentures claimed but not paid
Unpaid dividends
Unpaid matured deposits and interest accrued thereon
Unpaid matured debentures and interest accrued thereon
Withholding taxes payable
Public deposit payable, current
Total other payables, current
Short-term employee related liabilities
Current liabilities portion of share application money pending
allotment
Other current liabilities, others
Total other current liabilities
Aggregate amount of trade receivables outstanding for period
exceeding six months
Fixed deposits with banks
Other balances with banks
Total balance with banks
Cash on hand
Total cash and cash equivalents
Total cash and bank balances
Total balances held with banks to extent held as
margin money or security against borrowings,
guarantees or other commitments
Bank deposits with more than twelve months maturity
Other current assets, others
Total other current assets

0
0
Provision for Income tax
( Previous year net of
advance tax Rs. 2,055
million)

0
0
0
0
0
0

0
0
0
0
0
0

(A) 314
0
314

(B) 388
0
388

(C) 2,267

(D) 489

0
2,581

(E) 1
878

833

473

(F) 4,290

(G) 750

(H) 131
4,421
0
4,421
4,421

(I) 253
1,003
0
1,003
1,003

(J) 374
374

(K) 251
251

Footnotes
(A) statutory dues including provident fund and tax deducted at source
(B) statutory dues including provident fund and tax deducted at source
(C) Employee benefits payable
(D) Employee benefits payable
(E) Unamortised Premium on forward contracts
(F) deposits less than three months maturity
(G) deposits less than three months maturity
(H) Balance in current account
(I) balance in current account
(J) Other current assets includes interest accrued on deposits as 6 and balance with statutory authorities as 368 which totals as 374 .
(K) Other current assets includes interest accrued on deposits as 6 and balance with statutory authorities as 245 which totals as 251 .

67

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

[200700] Notes - Additional disclosures on balance sheet


Unless otherwise specified, all monetary values are in Millions of INR
01/04/2013
to
31/03/2014
Disclosure of additional balance sheet notes explanatory [TextBlock]
Total contingent liabilities and commitments
Amount of dividends proposed to be distributed to equity shareholders
Amount of per share dividend proposed to be distributed to equity
shareholders
Percentage of equity shares held up by foreign holdings
Deposits accepted or renewed during period
Deposits matured and claimed but not paid during period
Deposits matured and claimed but not paid
Deposits matured but not claimed
Interest on deposits accrued and due but not paid
Share application money received during year
Share application money paid during year
Amount of share application money received back during year
Amount of share application money repaid returned back during year
Number of person share application money paid during year
Number of person share application money received during year
Number of person share application money paid as at end of year
Number of person share application money received as at end of year
Whether maintenance of cost records by company has
been mandated under any cost accounting records
rules notified under section 209(1)(d) of
companies act,1956
Whether audit of cost records of company has been
mandated by central government under section 233B of
Companies Act, 1956
Unclaimed share application refund money
Unclaimed matured debentures
Unclaimed matured deposits
Interest unclaimed amount

01/04/2012
to
31/03/2013
0
0

0
0

[INR/shares] 0

[INR/shares] 0

100.00%
0
0
0
0
0
0
0
0
0
[pure] 0
[pure] 0
[pure] 0
[pure] 0

0
0
0
0
0
0
0
0
0
[pure] 0
[pure] 0
[pure] 0
[pure] 0

No

No

No
0
0
0
0

0
0
0
0

[200800] Notes - Disclosure of accounting policies, changes in accounting policies and estimates
Unless otherwise specified, all monetary values are in Millions of INR
01/04/2013
to
31/03/2014
Disclosure of accounting policies, change in accounting policies and
changes in estimates explanatory [TextBlock]

Textual
information
[See below]

68

(33)

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Textual information (33)


Disclosure of accounting policies, change in accounting policies and changes in estimates explanatory [Text Block]

ERICSSON INDIA GLOBAL SERVICES PRIVATE LIMITED


NOTES TO THE FINANCIAL STATEMENTS
(All amounts in Rs. Million, unless otherwise stated)
1. General Information
The Company was incorporated on June 16, 2010 for carrying out the business of providing specialized services to its group companies and
affiliates in terms of operating and supporting the network and doing research and development of software based solution for telecommunication
industry.
2. Summary of significant accounting policies
2.1 Basis of Preparation
These financial statements have been prepared in accordance with the generally accepted accounting principles in India under the historical cost
convention on accrual basis. Pursuant to circular 15/2013 dated 13th September 2013 read with circular 08/2014 dated 04th April 2014, till the
Standards of Accounting or any addendum thereto are prescribed by Central Government in consultation and recommendation of the National
Financial Reporting Authority, the existing Accounting Standards notified under the Companies Act, 1956 shall continue to apply. Consequently,
these financial statements have been prepared to comply in all material aspects with the accounting standards notified under Section 211(3C)
[Companies (Accounting Standards) Rules, 2006, as amended] and other relevant provisions of the Companies Act, 1956.
All assets and liabilities have been classified as current or non-current as per the Companys operating cycle and other criteria set out in the revised
schedule VI of the Companies Act, 1956 . Based on the nature of products and the time between the acquisition of assets for processing and other
realisation in cash and cash equivalents , the company has ascertained its operating cycle as 12 months for the pupose of current, non-current
classification of assets and liabilities .
2.2 Tangible Assets
i) Tangible Assets are stated at acquisition cost, net of accumulated depreciation.
Items of fixed assets that have been retired from active use and are held for disposal are stated at the lower of their net book value and net
realisable value and are shown separately in the financial statements. Any expected loss is recognised immediately in the Statement of Profit and
Loss.
Losses arising from the retirement of, and gains or losses arising from disposal of fixed assets which are arrived at cost are recognised in the
Statement of Profit and Loss.
Depreciation is provided on pro-rata basis on the straight-line method over the estimated useful lives of the assets or the rates prescribed under
Schedule XIV to the Companies Act, 1956 whichever is higher, as follows:

Assets

Rates

Computers

25%-33.33%

Plant & Machinery

25%-33.33%

Furniture & Fixtures

20%

69

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

ii) Assets costing less than Rs. 5,000 are fully depreciated in the year of acquisition.
iii) Leasehold improvements are amortised over period of the lease or @ 25%, whichever is higher.
2.3 Intangible Assets
Intangible Assets are stated at acquisition cost net of accumulated amortisation. Intangible assets are amortised on a straight line basis over their
estimated useful lives. The amortisation period and amortiation method are reviewed at least at each financial year end. If the expected useful life
of the asset is significantly different from the previous estimate, the amortisation period is changed accordingly.
Gains or losses arising from the retirement or disposal of an intangible asset are determined as the difference between the net disposal proceeds
and the carrying amount of the asset and recognised as income or expense in the Statement of Profit and Loss. The amortisation rate used is:
Assets

Rates

Software Licence

25%

2.4 Impairment
The carrying amounts of assets are reviewed at each balance sheet date. If there is any indication of impairment based on internal / external
factors, on existence of such condition, an impairment loss is recognized wherever the carrying amount of an asset (tangible or intangible)
exceeds its recoverable amount. The recoverable amount is the greater of the assets net selling price and value in use. In assessing value in use,
the estimated future cash flows are discounted to their present value at the weighted average cost of capital.
2.5 Revenue Recognition Services
Revenue from Network Operations, System Integration & Software Support Services and Research & Development Services is recognized on the
basis of man-hours delivered on each project based on predetermined hourly rates in accordance with the terms of engagement with the customers
and are recognised net of service tax.
2.6 Other Income
Interest: Interest income is recognised on a time proportion basis taking into account the amount outstanding and the rate applicable.
2.7 Foreign Currency Transactions
Transactions in foreign currency are accounted for at the rate prevailing on the date of the transaction. Gain/Loss arising on fluctuation in foreign
exchange rate between the transaction date and settlement date are recognised in the Statement of Profit and Loss. Foreign currency monetary
assets and liabilities are restated at the exchange rate prevailing at the year end and the overall net gains/loss is adjusted to the Statement Profit
and Loss.
Forward exchange contracts outstanding as at the year end on account of highly probable forecast transactions are marked to market and the
losses, if any, are recognised in the Statement of Profit and Loss and gains are ignored in accordance with the Announcement of Institute of
Chartered Accountants of India on Accounting for Derivatives issued in March 2008.
2.8 Employee Retirement Benefits
Provident Fund: Contribution towards provident fund for certain employees is made to the regulatory authorities, where the Company has no
further obligations. Such benefits are classified as Defined Contribution Schemes as the Company does not carry any further obligations, apart
from the contributions made on a monthly basis.
In respect of certain employees, Provident Fund contributions are made to a Trust administered by the Company. The Companys liability is
actuarially determined (using the Projected Unit Credit method) at the end of the year and any shortfall in the fund size maintained by the Trust
set up by the Company is additionally provided for. Actuarial losses/gains are recognised in the Statement of Profit and Loss in the year in which
they arise.
Gratuity liability: Gratuity liability is a defined benefit obligation and the Companys liability is actuarially determined (using the Projected Unit
Credit method) at the end of each year. The Company funds the benefit through contributions to Insurance Companies. The Company recognises
the actuarial gains & losses in the Statement of Profit and Loss in the period in which they arise.
Compensated Absences: Accumulated compensated absences, which are expected to be availed or encashed within 12 months from the end of the
year end are treated as short term employee benefits. The obligation towards the same is measured at the expected cost of accumulating
compensated absences as the additional amount expected to be paid as a result of the unused entitlement as at the year end.

70

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Accumulated compensated absences, which are expected to be availed or encashed beyond 12 months from the end of the year end are treated as
other long term employee benefits. The Companys liability is actuarially determined (using the Projected Unit Credit method) at the end of each
year. Actuarial losses/ gains are recognised in the Statement of Profit and Loss in the year in which they arise.
2.9 Leases
Lease of assets under which, all the risks and benefits of ownership are effectively retained by the lessor are classified as Operating Lease. Lease
rental in respect of assets taken on operating leases are charged to Statement of Profit and Loss on a straight-line basis over the lease term.
2.10 Cash and Cash Equivalents
In the cash flow statement, cash and cash equivalents includes cash in hand, bank balance and demand deposits with banks with original
maturities of three months or less.
2.11 Current and Deferred Tax
Tax expense for the period, comprising current tax and deferred tax, are included in the determination of the net profit or loss for the period.
Current tax is measured at the amount expected to be paid to the tax authorities in accordance with the taxation laws prevailing in the respective
jurisdictions.
Deferred tax is recognised for all the timing differences, subject to the consideration of prudence in respect of deferred tax assets. Deferred tax
assets are recognised and carried forward only to the extent that there is a reasonable certainty that sufficient future taxable income will be
available against which such deferred tax assets can be realised. Deferred tax assets and liabilities are measured using the tax rates and tax laws
that have been enacted or substantively enacted by the Balance Sheet date. At each Balance Sheet date, the Company re-assesses unrecognised
deferred tax assets, if any.
Current tax assets and current tax liabilities are offset when there is a legally enforceable right to set off the recognised amounts and there is an
intention to settle the asset and the liability on a net basis. Deferred tax assets and deferred tax liabilities are offset when there is a legally
enforceable right to set off assets against liabilities representing current tax and where the deferred tax assets and the deferred tax liabilities relate
to taxes on income levied by the same governing taxation laws.
2.12 Provision and Contingencies
Provisions are recognized when the Company has a present obligation as a result of past events, for which it is probable that an outflow of
resources embodying economic benefits will be required to settle the obligation, and a reliable estimate of the amount can be made. Provisions
required to settle are reviewed regularly and are adjusted where necessary to reflect the current best estimates of the obligation and are not
disclosed to its present value. Where the Company expects a provision to be reimbursed, the reimbursement is recognized as a separate asset, only
when such reimbursement is virtually certain.

2.13 Earnings per Share


Basic and diluted earnings are computed by dividing the net profit or loss after tax attributable to equity shareholders for the year by the weighted
average number of equity shares outstanding during the period.
2.14 Segment Reporting
The accounting policies adopted for segment reporting are in conformity with the accounting policies adopted by the Company. Revenue and
expenses have been identified to segments on the basis of their relationship to the operating activities of the segment. Revenue and expenses,
which relate to the Company as a whole and are not allocable to segments on a reasonable basis, have been included under Corporate/
unallocated expenses.
3.
Share Capital

Authorised capital:

As at

As at

March 31, 2014

March 31, 2013

1000

1000

389

389

100,000,000 (Previous year 100,000,000) Equity Shares of Rs 10 each


Issued, subscribed and paid up capital:
38,853,000 Equity Shares (Previous year 38,853,000 shares) of Rs. 10 each, fully
71

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

paid up
Total

389

389

(a) Reconciliation of number of shares


Particulars

As at March 31, 2014

As at March 31, 2013

Number of Shares

Amount

Number of Shares

Amount

38853000

389

38853000

389

Add: Issued during the


period

Balance at the end of the


year

38853000

389

38853000

389

Equity Shares:
Balance as at the
beginning of the year

(b) Rights, preference and restrictions attached to shares


Equity Shares: The company has only one class of equity shares having a par value of Rs 10 per share. Each holder of equity shares is entitled to
one vote per share. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General
Meeting, except in case of interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the
Company after distribution of all preferential amounts, in proportion to their shareholding.
(c) Shares held by holding company and subsidiary of holding company
Particulars

As at March 31, 2014

As at March 31, 2013

Equity Shares:

389

389

38,852,999 shares (Previous year 38,852,999 shares) held by


Telefonaktiebolaget LM Ericsson, Sweden, the Holding Company

(d) Details of shareholders holding more than 5% of the aggregate shares in the company
Particulars

As at March 31, 2014

As at March 31, 2013

Equity Shares:

38,852,999

38,852,999

Telefonaktiebolaget LM Ericsson, Sweden, the Holding Company

99.99%

99.99%

72

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

4. Reserves and Surplus


Particulars

As at March 31, 2014

As at March 31, 2013

4462

2172

4319

2290

8781

4462

As at March 31, 2014

As at March 31, 2013

Provision for Gratuity (Refer note 19)

94

Provision for Leave Encashment

337

268

Total

431

277

Particulars

As at March 31, 2014

As at March 31, 2013

Trade Payables (Refer note 35)

3035

2308

Total

3035

2308

Surplus in Statement of Profit and Loss:


Balance as at the beginning of the year
Profit for the year

Balance as at the end of the year

5. Long-term Provisions
Particulars
Provision for employee benefits:

6. Trade Payables

73

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

7. Other Current Liabilities


Particulars

As at March 31, 2014

As at March 31, 2013

Statutory dues including Provident Fund and Tax deducted at source

314

388

Employee Benefits payable

2267

489

Unamortised premium on forward contracts

Total

2581

878

As at March 31, 2014

As at March 31, 2013

80

55

Provision for Income Tax [Previous year net of Advance Tax Rs


2,055 Million]

274

Total

80

329

8. Short-term Provisions
Particulars
Provision for employee benefits:
Provision for Leave Encashment
Other Provisions:

9. Tangible Assets
Description

GROSS BLOCK

01/04/2013

Addit-ions

DEPRECIATION

Dele-tions

31/03/2014

Own Assets:

74

01/04
/2013

Dep.

Acc. Dep
on
Delet-ions

NET BLOCK

31/03/2014

31/03/2014

31/3/2013

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Leasehold
Improvements

1657

126

1783

534

455

989

794

1123

Plant &
Machinery

438

308

(49)

697

164

270

(32)

402

295

274

Furniture &
Fixtures

377

52

429

90

81

171

258

287

Computers

1071

759

(14)

1816

350

503

(9)

844

972

721

Total

3543

1245

(63)

4725

1138

1309

(41)

2406

2319

2405

Previous
year

1762

1831

(50)

3543

300

867

(29)

1138

2405

1462

10. Intangible Assets

Description

GROSS BLOCK

DEPRECIATION

NET BLOCK

01/04/2013

Addit-ions

Dele-tions

31/03/2014

01/04
/2013

Dep.

Acc.
Amo-rtization
on Delet-ions

31/03/2014

31/03/2014

31/3/2013

Software
License

86

212

298

12

56

68

230

74

Total

86

212

298

12

56

68

230

74

Previous
Year

12

74

86

11

12

74

Own
Assets:
(Acquired)

75

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

11. Deferred Tax Assets


Particulars

As at March 31, 2014

As at March 31, 2013

118

89

151

80

147

61

95

511

230

As at March 31, 2014

As at March 31, 2013

440

330

121

561

330

As at March 31, 2014

As at March 31, 2013

Deferred Tax Assets:


Provision for gratuity and leave encashment
Bonus Payble
Difference between WDV of fixed assets as per books and under
Income Tax Act, 1961

Provision for Doubtful Debts

Total

12. Long-term Loans and Advances


Particulars
Unsecured, considered good:
Security Deposits
Prepaid Expenses
Total

13. Trade Receivables


Particulars

76

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Unsecured, considered good:


582
Outstanding for the period exceeding 6 months, from due date
473
5602
Others
251
Unsecured, considered doubtful:

3635

Outstanding for the period exceeding 6 months, from due date


191
Others
(442)
Less-Provision for Doubtful Debts

Total

6184

4108

Particulars

As at March 31, 2014

As at March 31, 2013

Cash in hand

Current Accounts

131

253

Fixed Deposits (less than 3 months maturity)

4290

750

4421

1003

As at March 31, 2014

As at March 31, 2013

14. Cash and Cash Equivalents

Bank Balances

*Amount is below the rounding off norm adopted by the Company


Total

15. Short-term Loans and Advances


Particulars

77

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Unsecured, considered good :


97

75

12

35

Advances recoverable in cash or kind


Advance to Employees

Other Loans and Advances:

376
0

Advance Income Tax (Net of Provision Rs. 3,790 Million)


166
Prepaid Expenses
46

87

Security Deposit
45
Total

697

242

Particulars

As at March 31, 2014

As at March 31, 2013

Interest accrued on Deposits

Balance with Statutory Authorities

368

245

Total

374

251

Particulars

As at March 31, 2014

As at March 31, 2013

Network Operation, System Integration and Software support

29632

20001

Research and Development

4810

2651

Total

34442

22652

16. Other Current Assets

17. Revenue from Services

18. Other Income

78

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Particulars

As at March 31, 2014

As at March 31, 2013

Interest Income

255

67

Liabilities Written Back

113

Foreign exchange fluctuation, net

100

300

Miscellaneous Income

16

15

Total

371

495

19. Employee benefits Expense

Particulars

As at March 31, 2014

As at March 31, 2013

Salary and Allowances

14862

9846

Contribution to Provident Funds (Refer note (a) & (b) below)

636

448

348

316

159

148

16005

10758

Gratuity and Leave Encashment (Refer note (b) below)

Staff Welfare Expenses

Total

(a) Defined Contribution Plans

During the year the company has recognised Rs. 108 Million (Previous year Rs. 82 Million) in the Statement of Profit and Loss in relation to
contribution to Regional Provident Fund Commissioner.

79

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

(b) Defined Benefit Plans

A)

Gratuity

(i) Present Value of Defined Benefit Obligations

Particulars

As at March 31, 2014

As at March 31, 2013

Balance at the beginning of the year

402

230

Service cost

184

158

Interest cost

32

19

Actuarial loss/(gain)

(22)

(2)

Acquisition Liability/ Cost

27

Benefits Paid

(9)

(3)

Balance at the end of the year

614

402

80

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

(ii) Fair value of Plan Assets

Particulars

As at March 31, 2014

As at March 31, 2013

Balance at the beginning of the year

393

220

Contribution by company

100

150

Benefits paid

(9)

(2)

Expected return

35

24

Actuarial Gain/(Loss)

(3)

Acquisition Adjustment

Balance at the end of the year

520

393

(iii) Major Category of Plan Assets as a % of total Plan Assets

Particulars

As at March 31, 2014

As at March 31, 2013

Public/ Private Insurance Companies

100%

100%

The expected rate of return on assets is determined based on the


assessment made at the beginning of the year on the return expected
on its existing portfolio, along with the estimated increment to the plan
assets and expected yield on the respective assets in the portfolio
during the year.
81

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

(iv) Liabilities recognised in Balance Sheet

Particulars

As at March 31, 2014

As at March 31, 2013

Present value of Defined Benefits

614

402

Less: Fair value of Plan Assets

520

393

94

Amount recognised as liability

Liability Recognised as under:

Long term Provision

94
9

Total

94

Particulars

As at March 31, 2014

As at March 31, 2013

Current Service cost

184

158

Interest cost

32

19

Net actuarial loss/(gain) recognized

(22)

(2)

Expected Return on plan assets

(35)

(24)

Net amount recognized

159

151

(v) Expense recognized in the Statement of Profit and Loss

82

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

(vi) Actuarial Assumptions

Particulars

Gratuity
As at March 31, 2014

As at March 31, 2013

Discount Rate

9.25%

8.10%

Expected rate of return on Plan Assets

8.00%

8.00%

Rate of increase in Compensation

9.50%

9.50%

The estimates of future salary increases, considered in actuarial valuation, takes into account, inflation, seniority, promotions and other relevant
factors, such as demand and supply in the employment market.

Gratuity

Experience History

Period Ending
March 31, 2014

March 31, 2013

March 31, 2012

March 31, 2011

Defined Benefit Obligation at end of the


period

(614)

(402)

(230)

(102)

Plan Assets at end of the period

520

393

Funded Status [Surplus/ (Deficit)]

(94)

(9)

(230)

(102)

Experience Gain/ (Loss) adjustments on


plan liabilities

(53)

(62)

(48)

(8)

Experience Gain/ (Loss) adjustments on


plan assets

(3)

Experience Gain/ (Loss) due to change


of assumption

75

(63)

*Experience history of four years since company was formed in FY 2010-11 only.

B) Provident Fund

83

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

During the period the company has recognized Rs. 529 Million (Previous year Rs. 372 Million) in the Statement of Profit and Loss in relation to
contribution to Ericsson Employee Provident Fund Trust.

(i) Liabilities recognised in Balance Sheet

Interest shortfall on Provident Fund

Particulars

As at March 31, 2014

As at March 31, 2013

Actuarial Liability

22

20

Fair Value of Assets

27

18

Net Liability

Nil

Particulars

As at March 31, 2014

As at March 31, 2013

Central/State Government Securities

63.60%

60.64%

Public / Private Sector Bonds

36.33%

39.26%

Mutual Funds

0.07%

0.10%

(ii) Major Category of Plan Assets as a % of total Plan Assets

The expected rate of return on assets is determined based on the assessment made at the beginning of the year on the return expected on its
existing portfolio, along with the estimated increment to the plan assets and expected yield on the respective assets in the portfolio during the
year.

(iii) Expense recognized in the Statement of Profit and Loss

84

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Interest shortfall on Provident Fund

Particulars

As at March 31, 2014

As at March 31, 2013

Nil

Particulars

As at March 31, 2014

As at March 31, 2013

Discount Rate

9.25%

8.10%

Expected Rate of return

8.75%

8.60%

Interest Cost

(iv) Actuarial Assumptions

Disclosure related to Provident Fund is limited to extent information provided by actuary.

20. Other Expenses

Particulars

As at March 31, 2014

As at March 31, 2013

Travelling and Conveyance

4683

3371

IT Service Cost

2854

2042

Technical Consultancy

1073

927

Rent Charges

807

405

Provision for Doubtful Debts

442

Training, Conference and Seminar

385

310

Bad Debts Written off

260

85

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Communication

184

158

Accounting Services

64

92

Electricity and Water

120

85

Repair and Maintenance Others

619

443

Advertisement and Business Promotion

16

Printing and Stationery

11

Loss on Sale/Disposal of fixed assets, net

15

19

Audit Fees

Tax Audit Fees

Others

Insurance

Misc. Expenses

419

263

Total

11944

8150

As at March 31, 2014

As at March 31, 2013

Payment to Auditors
As Auditors:

21. Finance Cost

Particulars

86

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Interest on Short Term Loans from Bank

Total

Particulars

As at March 31, 2014

As at March 31, 2013

Depreciation on Tangible Assets

1309

867

Amortisation on Intangible Assets

56

11

Total

1365

878

As at March 31, 2014

As at March 31, 2013

4319

2290

38853000

38853000

111.16

58.94

10

10

*Amount is below the rounding off norm adopted by the Company.

22. Depreciation and Amortisation Expense

23. Earning Per Share

Particulars

Basic/ Diluted EPS

Profit after tax

Weighted average number of shares outstanding

Basis/ Diluted EPS (Rs.)

Face value per share (Rs.)

24. Earnings in Foreign Currency (on accrual basis)


87

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Particulars

As at March 31, 2014

As at March 31, 2013

Revenue from Services

31004

20053

31004

20053

Particulars

As at March 31, 2014

As at March 31, 2013

Technical Consultancy

1307

911

IT Service Cost

1 788

1114

Training, Conference and Seminar

203

91

Traveling & Conveyance

Others

Total

3298

2121

Total

25. Expenditure in Foreign Currency (on accrual basis)

26. Amount of Unhedged Exposure

a) Derivative Instruments outstanding at the Reporting Date:


88

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Particulars

As at March 31, 2014

As at March 31, 2013

238

35

2083

Currency

EUR

(Equivalent INR)

USD

(Equivalent INR)

b) Particulars of Unhedged Foreign Currency Exposures as at the Reporting Date

Particulars

As at March 31, 2014

As at March 31, 2013

41

2438

249

Unhedged amount

USD
(Equivalent INR)

EUR
(Equivalent INR)

89

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

SEK

(Equivalent INR)

(2)

GBP

(Equivalent INR)

(1)

CAD

(Equivalent INR)

(1)

Particulars

As at March 31, 2014

As at March 31, 2013

Market to Market Losses Provided for

c) Mark to Market Losses

*Amount is below the rounding off norm adpted by the Company.

90

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

27. Segment Information


The business segments are as follows:

A Primary Segment Reporting (by Business Segment)

Composition of Business Segments


The Companys business segments are defined based on nature of serrvices provided, which are as follows:

- Network Operating , System Integration & Software support Services:

The segment is engaged in the business of providing specialized services in terms of operating the network and supporting the same through
provision of engineering services in line with the accounting policy for revenue recognition (refer note 2.5). This segment also includes consulting
and system integration services. In addition to above services, software support services in the nature of first and second line support services are
also provided.

-Research & Development Services:

The segment is engaged in the business of doing research and delivering software-based solutions for telecommunication industry in line with the
accounting policy for revenue recognition (refer note 2.5).

ii Segment Revenue, Results and Other Information

Network Operation, System


Integration & Software Support

Research & Development


Services

Particulars

Total
2013-14

2012-13

2013-14

2012-13

2013-14

2012-13

Revenue

29632

20001

4810

2651

34442

22652

Result

4709

2940

550

375

5259

3315

Segment Assets

8770

6872

912

409

9682

7281

91

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Segment Liabilities

5159

3034

830

407

5989

3441

Capital Expenditure

1167

1914

290

10

1457

1924

Depreciation

1192

866

173

12

1365

878

Non Cash Expenses other than


Depreciation

286

263

56

47

342

310

iii Reconciliation of Reporting Segments with the Financial Statements

Revenues

Results/

Particulars

Total of Reportable
Segment

Assets

Liabilities

Net Profit
2013-14

2012-13

2013-14

2012-13

2013-14

2012-13

2013-14

2012-13

34442

22652

5259

3315

9682

7281

5989

3441

371

495

240

45

4728

1132

138

76

(1461)

(1175)

376

274

281

105

511

230

34813

23147

4319

2290

15297

8643

6127

3791

(0)

Corporate/ Unallocated
(Net)

Income Tax

Deferred Tax

As per Financial
Statements

B Secondary Segment (Geographic Segment)

For the purpose of geographical segment, sales are divided into two segments- exports and domestic.

Domestic

Exports

Total

Particulars
2013-14

2012-13

2013-14

92

2012-13

2013-14

2012-13

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Revenues

3438

2599

31004

20054

34442

22652

Total Assets

8409

4915

6888

3728

15297

8643

28. Related Party Disclosures

a.

List of Related Parties


Parties where control exists:
Holding Company
TELEFONAKTIEBOLAGET LM ERICSSON
Other related Parties with whom transactions have taken place during the year:

Fellow Subsidiaries
ERICSSON TELECOMUNICACOES LDA.
ERICSSON SUB-SAHARAN AFRICA
ERICSSON AB ANGOLA BRANCH
EAB BRANCH UNITED ARAB EMIRATE
ERICSSON AB AFGANISTAN BRANCH
ERICSSON AB BO ARMENIA
ERICSSON AB BO AZERBAIJAN
ERICSSON AB BR. OFF. BARBADOS
ERICSSON AB BR.OFF. BURKINO FA
ERICSSON AB BAHRAIN BRANCH
ERICSSON AB SUCCURSALE BENIN
ERICSSON AB BOTSWANA BRANCH
ERICSSON AB BR. REPUBLIC CONGO
ERICSSON CONGO KINSHASA
ERICSSON AB IVORY COAST
EAB CYPRUS BRANCH
ERICSSON REP ?LICA DOMINICANA
ERICSSON AB GABON BRANCH
ERICSSON RADIO SYSTEMSAB GHANA
ERICSSON GUINEA CONAKRY
ERICSSON BRANCH OFFICE JAMAICA

93

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

ERICSSON AB JORDAN
ERICSSON AB BO MADAGASCAR
ERICSSON AB BO MALTA
ERICSSON AB BRANCH MALAWI
ERICSSON MOZAMBIQUE
ERICSSON AB BR. OFFICE NIGER
ERICSSON AB,SUCURSAL NICARAGUA
ERICSSON BR PALESTINE
ERICSSON AB
EAB RWANDA BRANCH
ERICSSON AB KSA BRANCH
ERICSSON AB SIERRA LEONE BRANC
ERICSSON AB SURINAM BRANCH
ERICSSON AB SUCCURSALE TCHAD
ERICSSON AB SA SUCCURSALE DU
ERICSSON AB BRANCH OFF TUNISIA
ERICSSON AB TRINIDAD ANDTOBAGO
ERICSSON BRANCH OFFICE TANZANI
ERICSSON AB BRANCH UGANDA
ERICSSON AB ZAMBIA BRANCH
ERICSSON (CHINA) COMMUNICATIONS
COMPANIA ERICSSON URUGUAY S.A.
COMPANIA ERICSSON S.A.C.I.
ERICSSON CHILE S.A.
COMPANIA ERICSSON SOCIEDAD ANO
CIA ANONIMA ERICSSON
ERICSSON CAMEROON
ERICSSON AB
AUDIOLOG GROUPE ERICSSON S.A.S
ERICSSON ALGERIE S.A.R.L.
ERICSSON AG
ERICSSON BRANCH OFFICE BOLIVIA
ERICSSON S.A./N.V.
ERICSSON ARASTIRMA
ERICSSON (MALAYSIA) SDH BHD
ERICSSON CORPORATIA AO
94

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

ERICSSON (THAILAND) LTD.


ERICSSON SPOL. S.R.O.
ERICSSON TELECOMUNICACOES S.A.
ERICSSON DE COLOMBIA S.A.
ERICSSON GMBH
ERICSSON IT SOLUTIONS & SERVIC
ERICSSON DE GUATEMALA S.A.
ERICSSON DE PANAMA S.A.
ERICSSON EESTI AS
ERICSSON EGYPT LTD.
ERICSSON ESPANA S.A.
ERICSSON GEORGIA LTD
ERICSSON INDIA GLOBAL SERVICES
ERICSSON LTD.
ERICSSON DE HONDURAS S.A.
P.T. ERICSSON INDONESIA
ERICSSON INDIA PRIVATE LTD.
ERICSSON KENYA LIMITED
ERICSSON KAZAKHSTAN LLP
ERICSSON LEBANON COMMUNICATION
ERICSSON-LG CO., LTD.
UAB ERICSSON LIETUVA
SIA ERICSSON LATVIA
ERICSSON CANADA INC.
ERICSSON TELECOMMUNICATIONS SR
ERICSSON MAROC SARL
ERICSSON MYANMAR COMPANY LIMIT
ERICSSON TELEKOMUNIKASYON A.S.
ERICSSON NETWORK SERVICES B.V
ERICSSON TELECOMMUNICATIONS PT
ERICSSON TELECOMMUNICATIONS IN
ERICSSON COMMUNICATIONS LTD.
LM ERICSSON ISRAEL LTD.
ERICSSON AUSTRALIA PTY. LTD.
PRIDE S.P.A.

95

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

ERICSSON TELECOMMUNICATIONS RO
ERICSSON CARIBBEAN INC.
ERICSSON DEL PARAGUAY S.A.
ERICSSON DE COSTA RICA S.A.
ERICSSON TAIWAN LTD.
ERICSSON SOUTH AFRICA (PTY) LT
ERICSSON AB (ESE)
ERICSSON FRANCE S.A.
ERICSSON TELECOMMUNICATIONS LA
ERICSSON EL SALVADOR S.A. DE C
ERICSSON TELECOMMUNICATIONS BU
ERICSSON (HELLAS) TELECOMMUNIC
ERICSSON HUNGARY LTD.
ERICSSON NIKOLA TESLA
ERICSSON LTD.
ERICSSON TELECOMMUNICATIE B.V.
ERICSSON A/S
ERICSSON TELECOMMUNICATIONS RO
ERICSSON VIETNAM CO LTD
ERICSSON INC.
ERICSSON D.O.O.
ERICSSON D.O.O. ZA TELECOMUNI
ERICSSON ZIMBABWE (PTY) LTD.
ERICSSON RESOURCE & COMPETENCE
ERICSSON INTERNATIONAL SERVICE
KUWAIT ERICSSON TELEPHONE
ERICSSON TELEKOMMUNIKATION GMBH.
L M ERICSSON A/S
TELEFONAKTIEBOLAGET LM ERICSSON
OY L M ERICSSON AB
L M ERICSSON LIMITED
L M ERICSSON (NIGERIA) LTD.
NIPPON ERICSSON K.K.
ERICSSON OMAN LLC
ERICSSON REGIONAL OFFICE, JORD
ERICSSON SLOVAKIA SPOL. S.R.O.
96

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

ERICSSON AUSTRIA AG
ERICSSON SENEGAL
OPTIMI SPAIN S.L.U.
ERICSSON SERV ADM MEXICO S.A
ERICSSON DE ECUADOR C.A.
ERICSSON TELECOMUNICAZIONI SPA
TELCORDIA TECHNOLOGIES
ERICSSON TELECOM S.A DE C.V.
ERICSSON BROADCAST SERVICES FR
ERICSSON BROADCAST SERVICES UK
TELEFONAKTIEBOLAGET LM EAB UAE
ERICSSON AB LIBYA BRANCH
ERICSSON TELECOM MACEDONIA LTD
NEDERLANDS OMROEPPRODUCKTIE
ERICSSON TELEVISION LIMITED
ERICSSON TELEVISION INC.
ERICSSON, SUBSIDIARY ENTERPRISE
CONCEPTWAVE SOFTWARE INC.
TELCORDIA TECHNOLOGIES

Key Management Personnel:


Mr. Mats Robert Agervi , Managing Director
Mr. Abhay Kumar Vaish, Director
Mr. Debasish Roy Chowdhury, CFO & Director
Mr. Amitabh Ray , Director (Resigned on 28th November, 2013)

b.

Transactions with related parties during the period in ordinary course of business

Particulars
Particulars

Fellow Subsidiaries
2013-14

2012-13

18757

13673

Holding Company
2013-14

2012-13

Total
2013-14

2012-13

18757

13673

i. Rendering of Services
Ericsson AB

97

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Ericsson Inc.

4288

1513

4288

1513

Ericsson India Private Ltd.

3438

2599

3438

2599

Telefonaktiebolaget LM
Ericsson

337

Others

7622

4867

7622

4867

Grand total

34105

22652

34442

22652

Ii

337

Particulars
Particulars

337

Fellow Subsidiaries
2013-14

2012-13

Ericsson AB

2430

Ericsson International Services


B.V.
Ericsson India Private Ltd.

Holding Company
2013-14

2012-13

Total
2013-14

2012-13

1647

2430

1647

393

285

393

285

330

353

330

353

125

49

87

3327

2373

ii. Receipt of Services

Telefonaktiebolaget LM
Ericsson

125

Others

49

87

Grand total

3202

2372

Particulars
Particulars

125

Fellow Subsidiaries
2013-14

2012-13

186

Holding Company
2013-14

2012-13

Total
2013-14

2012-13

186

iii. Bad Debts written off and


Provisions for Doubtful Debts
Bad Debts:
Ericsson Egypt Ltd.

98

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Compania Ericsson S.A.C.I.

Cia Anonima Ericsson

Ericsson India Private Ltd.

62

62

Total

259

259

Ericsson Egypt Ltd.

400

400

Compania Ericsson S.A.C.I.

34

34

Cia Anonima Ericsson

Total

441

441

Provision for Doubtful Debts:

Particulars
Particulars

Fellow Subsidiaries
2013-14

2012-13

Holding Company
2013-14

2012-13

Total
2013-14

2012-13

iv. Transfer of Employees Balances


Ericsson India Private
Limited
Liabilities

Particulars
Particulars

Fellow Subsidiaries
2013-14

2012-13

10

246

Holding Company
2013-14

2012-13

Total
2013-14

2012-13

10

246

v. Purchase of Fixed Assets


Ericsson India Private
Limited

99

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

c.

Others

11

13

11

13

Grand total

21

259

21

259

Outstanding recoverable balance (net) as at the year end

Particulars

Fellow Subsidiaries

Particulars

2013-14

2012-13

Ericsson AB

1728

Ericsson Inc.

2013-14

2012-13

91

1728

91

680

529

680

529

Ericsson India Private Ltd.

278

761

278

761

Ericsson Ab - Saudi Arabia


Branch

257

89

257

89

58

1656

1351

4657

2821

58

Others

1656

1351

Grand total

4599

2821

2012-13

Total
2013-14

Telefonaktiebolaget LM
Ericsson

d.

Holding Company

58

Managerial remuneration & other reimbursements to Key Management Personnel *

Particulars

Year Ended March 31, 2014

Year Ended March 31, 2013

Mr. Mats Robert Agervi

34

32

Mr. Abhay Kumar Vaish

13

12

Mr. Debasish Roy Chowdhury

18

17

Mr. Amitabh Ray

25

32

Total

90

93

100

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

*Key Management Personnel are covered under the Companys gratuity and leave encashment scheme along with the other employees of the
Company. The gratuity/ leave encashment liability is determined for all employees based on an independent actuarial valuation. The specific
amount of gratuity/ leave encashment for Key Management Personnel cannot be ascertained separately and accordingly the same has not
been included above.

29. The company has operating lease for office premises. These lease arrangements range for a period between 3 to 9 years, which includes
cancelable and non- cancelable leases. Most of the leases are renewable for further period on mutually agreeable terms and also includes
escalation clauses.
Particulars

Payable in the next 1 Year

Payable in the next 2 to 5 Years

Particulars

As at 31st March,
2014

As at 31st March, 2013

As at 31st March, 2014

As at 31st March,
2013

Minimum Lease Payments

515

256

262

120

During the period the company has recognised lease rent of Rs. 807 Millions (Previous year Rs 405 Million) in Statement of Profit & Loss.

30. CIF Value of Imports

Particulars

2013-14

2012-13

Capital Assets

47

111

Total

47

111

31. Estimated amount of contracts remaining to be executed on capital account - Rs. 193 Million (Previous year Rs.98 Million).

101

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

32. (a) Liabilities pertaining to group companies amounting to Rs. 38 Million (Previous year Rs 75 Million) are under reconciliation and have
not been accounted for by the company.
32. (b) The bank has given guarantee of Rs. 0.10 Million (Previous year Rs 0.64 Million) to government authorities on behalf of the company.\

33. The Company is not compensating its holding company for the grants made to the employees of the Company and accordingly, there are no
costs being reflected in the financial statements. However the disclosure requirements of the Guidance Note issued by the Institute of
Chartered Accountants of India on accounting for employee share based payments have been complied with (except for the requirements
provided under para 51(b) of the said Guidance Note in relation to the weighted average fair value at the grant date for which, relevant
information is not readily available with the company) and are given hereunder:

Stock Purchase Plan (SPP)


Scheme

Employees Stock Purchase Plan of Telefonaktiebolaget LM Ericsson (LME).-the Holding


Company.

Name of Plans

SPP 2011

Name of Plans

SPP 2012

Name of Plans

SPP 2013

Applicability

All employees of Ericsson India Global Services Private Limited

Employee Contribution

Maximum of 7.5% of gross base salary per month

Details of the Scheme

An employee who participates in the SPP and remains employed within Ericsson group, and
retains shares bought with their contribution for a period of 3 years from the investment date
will be entitled to one free matching share for each share held.
In addition to this, some of the key employees may be entitled to an additional matching of upto
eight shares under Key Contributor and Performance Matching Programs.

34. The Company has established a comprehensive system of maintenance of information and documents as required by the transfer pricing
regulation under sections 92-92F of the Income-Tax Act, 1961. The management is of the opinion that its international transactions are at
arms length so that the aforesaid legislation will not have any impact on the financial statements particularly on the amount of tax expense
and that of provision for taxation. The transfer pricing under the Income Tax Act, in respect of transactions with the group companies for the
year will be completed before the filing of tax return for the assessment year 2014-15. The transfer pricing study for the fiscal year ended
March 31, 2014 is in progress and its not expected to result in any material adjustment to the financial statement.

35. The Company has certain dues to suppliers registered under Micro, Small and Medium Enterprises Development Act, 2006 (MSMED Act).
The disclosures pursuant to the said MSMED Act are as follows:

Particulars

Principal amount due to suppliers registered under the MSMED Act and remaining
102

Year Ended March 31,


2014

Year Ended March 31,


2013

Absolute figures INR

Absolute figures INR

49058

337811

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

unpaid as at year end


Interest due to suppliers registered under the MSMED Act and remaining unpaid as at
year end

5791

Principal amounts paid to suppliers registered under the MSMED Act, beyond the
appointed day during the year

9842429

24215782

Interest paid, other than under Section 16 of MSMED Act, to suppliers registered
under the MSMED Act, beyond the appointed day during the year

Interest paid, under Section 16 of MSMED Act, to suppliers registered under the
MSMED Act, beyond the appointed day during the year

Interest due and payable towards suppliers registered under MSMED Act, for
payments already made

1048877

725200

Further interest remaining due and payable for earlier years

36. The Company has entered into Asset Transfer Agreement and Employee Transfer Agreement on July 30th, 2013 with ST Ericsson India
Private Limited. Pursuant to agreements entered into by the Company, the following assets and liabilities were acquired by the Company:

Asset acquired under "Asset Transfer Agreement"


Tangible Assets

263

Liabilities acquired under "Employee Transfer Agreement"


Gratuity

23

Leave Encashment

Variable Compensation

30

Total

60

37. Previous year figures have also been reclassified to conform to this years classification.

103

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

For Price Waterhouse & Co.

Mats Robert Agervi

Firm Registration No. 304026E

Managing Director

Debasish Roy Chowdhury


Director

Chartered Accountants

Harinderjit Singh
Partner

Amit Shankar Kashyap

Membership No. 086994

Company Secratary

Place : Gurgaon
Dated : June 25, 2014

[201200] Notes - Employee benefits


Unless otherwise specified, all monetary values are in Millions of INR
01/04/2013
to
31/03/2014
Textual
[See below]

Disclosure of employee benefits explanatory [TextBlock]

104

information

(34)

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Textual information (34)


Disclosure of employee benefits explanatory [Text Block]
(a) Defined Contribution Plans
During the year the company has recognised Rs. 108 Million (Previous year Rs. 82 Million) in the Statement of Profit and Loss in relation to
contribution to Regional Provident Fund Commissioner.

(b) Defined Benefit Plans


A)

Gratuity

(i) Present Value of Defined Benefit Obligations


Particulars

As at March 31, 2014

As at March 31, 2013

Balance at the beginning of the year

402

230

Service cost

184

158

Interest cost

32

19

Actuarial loss/(gain)

(22)

(2)

Acquisition Liability/ Cost

27

Benefits Paid

(9)

(3)

Balance at the end of the year

614

402

Particulars

As at March 31, 2014

As at March 31, 2013

Balance at the beginning of the year

393

220

Contribution by company

100

150

Benefits paid

(9)

(2)

Expected return

35

24

Actuarial Gain/(Loss)

(3)

Acquisition Adjustment

Balance at the end of the year

520

393

(ii) Fair value of Plan Assets

105

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

(iii) Major Category of Plan Assets as a % of total Plan Assets


Particulars

As at March 31, 2014

As at March 31, 2013

Public/ Private Insurance Companies

100%

100%

The expected rate of return on assets is determined based on the


assessment made at the beginning of the year on the return expected
on its existing portfolio, along with the estimated increment to the
plan assets and expected yield on the respective assets in the portfolio
during the year.

(iv) Liabilities recognised in Balance Sheet


Particulars

As at March 31, 2014

As at March 31, 2013

Present value of Defined Benefits

614

402

Less: Fair value of Plan Assets

520

393

Amount recognised as liability

94

94

94

Particulars

As at March 31, 2014

As at March 31, 2013

Current Service cost

184

158

Interest cost

32

19

Net actuarial loss/(gain) recognized

(22)

(2)

Expected Return on plan assets

(35)

(24)

Net amount recognized

159

151

Liability Recognised as under:


Long term Provision

Total

(v) Expense recognized in the Statement of Profit and Loss

(vi) Actuarial Assumptions


Particulars

Gratuity
As at March 31, 2014

As at March 31, 2013

Discount Rate

9.25%

8.10%

Expected rate of return on Plan Assets

8.00%

8.00%

Rate of increase in Compensation

9.50%

9.50%

The estimates of future salary increases, considered in actuarial valuation, takes into account, inflation, seniority, promotions and other relevant
factors, such as demand and supply in the employment market.

106

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Gratuity
Experience History

Period Ending
March 31, 2014

March 31, 2013

March 31, 2012

March 31, 2011

Defined Benefit Obligation at end of


the period

(614)

(402)

(230)

(102)

Plan Assets at end of the period

520

393

Funded Status [Surplus/ (Deficit)]

(94)

(9)

(230)

(102)

Experience Gain/ (Loss) adjustments on


plan liabilities

(53)

(62)

(48)

(8)

Experience Gain/ (Loss) adjustments on


plan assets

(3)

Experience Gain/ (Loss) due to change


of assumption

75

(63)

*Experience history of four years since company was formed in FY 2010-11 only.
B) Provident Fund
During the period the company has recognized Rs. 529 Million (Previous year Rs. 372 Million) in the Statement of Profit and Loss in relation to
contribution to Ericsson Employee Provident Fund Trust.

(i) Liabilities recognised in Balance Sheet


Particulars

Interest shortfall on Provident Fund


As at March 31, 2014

As at March 31, 2013

Actuarial Liability

22

20

Fair Value of Assets

27

18

Net Liability

Nil

Particulars

As at March 31, 2014

As at March 31, 2013

Central/State Government Securities

63.60%

60.64%

Public / Private Sector Bonds

36.33%

39.26%

Mutual Funds

0.07%

0.10%

(ii) Major Category of Plan Assets as a % of total Plan Assets

The expected rate of return on assets is determined based on the assessment made at the beginning of the year on the return expected on its
existing portfolio, along with the estimated increment to the plan assets and expected yield on the respective assets in the portfolio during the
year.
(iii) Expense recognized in the Statement of Profit and Loss
Particulars

Interest shortfall on Provident Fund

107

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

As at March 31, 2014

As at March 31, 2013

Nil

Particulars

As at March 31, 2014

As at March 31, 2013

Discount Rate

9.25%

8.10%

Expected Rate of return

8.75%

8.60%

Interest Cost

(iv) Actuarial Assumptions

Disclosure related to Provident Fund is limited to extent information provided by actuary.

[201300] Notes - Segments


Unless otherwise specified, all monetary values are in Millions of INR
01/04/2013
to
31/03/2014
Textual
information
[See below]

Disclosure of enterprise's reportable segments explanatory [TextBlock]

108

(35)

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Textual information (35)


Disclosure of enterprise's reportable segments explanatory [Text Block]
27. Segment Information
The business segments are as follows:
A Primary Segment Reporting (by Business Segment)

Composition of Business Segments


The Company?s business segments are defined based on nature of serrvices provided, which are as follows:

- Network Operating , System Integration & Software support Services:


The segment is engaged in the business of providing specialized services in terms of operating the network and supporting the same through
provision of engineering services in line with the accounting policy for revenue recognition (refer note 2.5). This segment also includes consulting
and system integration services. In addition to above services, software support services in the nature of first and second line support services are
also provided.
-Research & Development Services:
The segment is engaged in the business of doing research and delivering software-based solutions for telecommunication industry in line with the
accounting policy for revenue recognition (refer note 2.5).
ii Segment Revenue, Results and Other Information
Network Operation, System
Integration & Software Support
2013-14
2012-13

Research & Development


Services
2013-14
2012-13

2013-14

Revenue

29632

20001

4810

2651

34442

22652

Result

4709

2940

550

375

5259

3315

Segment Assets

8770

6872

912

409

9682

7281

Segment Liabilities

5159

3034

830

407

5989

3441

Capital Expenditure

1167

1914

290

10

1457

1924

Depreciation

1192

866

173

12

1365

878

Non Cash Expenses other than


Depreciation

286

263

56

47

342

310

Particulars

Total
2012-13

iii Reconciliation of Reporting Segments with the Financial Statements


Revenues
2013-14

2012-13

Results/
Net Profit
2013-14
2012-13

Total of Reportable Segment

34442

22652

5259

3315

9682

7281

5989

3441

Corporate/ Unallocated (Net)

371

495

240

45

4728

1132

138

76

Income Tax

(1461)

(1175)

376

274

Deferred Tax

281

105

511

230

Particulars

109

Assets

Liabilities

2013-14

2012-13

2013-14

2012-13

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

As per Financial Statements

34813

B Secondary Segment (Geographic Segment)

23147

4319

2290

15297

8643

6127

3791

(0)

For the purpose of geographical segment, sales are divided into two segments- exports and domestic.
Domestic
Particulars

Exports

Total

2013-14

2012-13

2013-14

2012-13

2013-14

2012-13

Revenues

3438

2599

31004

20054

34442

22652

Total Assets

8409

4915

6888

3728

15297

8643

[201600] Notes - Related party


Disclosure of relationship and transactions between related parties [Table]

..(1)

Unless otherwise specified, all monetary values are in Millions of INR


Categories of related parties [Axis]

01/04/2013
to
31/03/2014

01/04/2012
to
31/03/2013

01/04/2013
to
31/03/2014

01/04/2012
to
31/03/2013

Disclosure of relationship and transactions between


related parties [Abstract]
Disclosure of relationship and transactions between
related parties [LineItems]
Name of related party
Country of incorporation or residence of related
party
Permanent account number of related party
CIN of related party
Description of nature of related party relationship
Related party transactions [Abstract]
Purchases of tangible assets related party
transactions
Services received related party transactions
Revenue from rendering of services related
party transactions
Outstanding balances for related party
transactions [Abstract]
Amounts receivable related party transactions
Amount written off during period in respect
of debts due from related parties
Description of other related party
transactions which are necessary for
understanding of financial statements

Ericsson AB

Ericsson AB

Ericsson
Limited

SWEDEN

SWEDEN

INDIA

India

Private Ericsson
Limited

India

Private

INDIA

AAACE0138N
AAACE0138N
U74899DL1992PTC047977 U74899DL1992PTC047977
Fellow Subsidiary Fellow Subsidiary
Fellow Subsidiary company Fellow Subsidiary company
company
company

10

246

2,430

1,647

330

353

18,757

13,673

3,438

2,599

1,728

91

278

761

62

110

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Disclosure of relationship and transactions between related parties [Table]

..(2)

Unless otherwise specified, all monetary values are in Millions of INR


Categories of related parties [Axis]

01/04/2013
to
31/03/2014

01/04/2012
to
31/03/2013

01/04/2013
to
31/03/2014

01/04/2012
to
31/03/2013

Disclosure of relationship and transactions between


related parties [Abstract]
Disclosure of relationship and transactions between
related parties [LineItems]
Name of related party

Ericsson
International
Services B.V.

Ericsson International Ericsson Ab- Saudi Ericsson Ab- Saudi


Services B.V.
Arabia Branch
Arabia Branch

Country of incorporation or residence of related


party

NETHERLANDS

NETHERLANDS

Description of nature of related party relationship

Fellow Subsidiary Fellow


Subsidiary Fellow Subsidiary Fellow
Subsidiary
company
company
company
company

Related party transactions [Abstract]


Services received related party transactions
Outstanding balances for related party
transactions [Abstract]
Amounts receivable related party transactions

393

SAUDI ARABIA

SAUDI ARABIA

285

257

89

Disclosure of relationship and transactions between related parties [Table]

..(3)

Unless otherwise specified, all monetary values are in Millions of INR


Categories of related parties [Axis]

01/04/2013
to
31/03/2014
Disclosure of relationship and transactions between
related parties [Abstract]
Disclosure of relationship and transactions between
related parties [LineItems]
Name of related party
Country of incorporation or residence of related
party
Description of nature of related party relationship

01/04/2012
to
31/03/2013

01/04/2013
to
31/03/2014

01/04/2012
to
31/03/2013

Ercisson Egypt Ltd Ercisson Egypt Ltd

Ericsson Inc.

Ericsson Inc.

EGYPT

UNITED STATES

UNITED STATES

EGYPT

Fellow Subsidiary Fellow


Subsidiary Fellow Subsidiary Fellow
Subsidiary
company
company
company
company

Related party transactions [Abstract]


Revenue from rendering of services related
party transactions
Outstanding balances for related party
transactions [Abstract]
Amounts receivable related party transactions
Provisions for doubtful debts related to
outstanding balances of related party
transaction
Amount written off during period in respect
of debts due from related parties

111

400

186

4,288

1,513

680

529

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Disclosure of relationship and transactions between related parties [Table]

..(4)

Unless otherwise specified, all monetary values are in Millions of INR


Categories of related parties [Axis]

01/04/2013
to
31/03/2014

01/04/2012
to
31/03/2013

01/04/2013
to
31/03/2014

01/04/2012
to
31/03/2013

Disclosure of relationship and transactions between


related parties [Abstract]
Disclosure of relationship and transactions between
related parties [LineItems]
Name of related party

Others

Others

Compania Ericsson Compania


S.A.C.I.
S.A.C.I.

Country of incorporation or residence of related


party

SWEDEN

SWEDEN

ARGENTINA

Description of nature of related party relationship

Fellow Subsidiary Fellow


Subsidiary Fellow Subsidiary Fellow
Subsidiary
company
company
company
company

Related party transactions [Abstract]


Purchases of tangible assets related party
transactions
Services received related party transactions
Revenue from rendering of services related
party transactions
Outstanding balances for related party
transactions [Abstract]
Amounts receivable related party transactions
Provisions for doubtful debts related to
outstanding balances of related party
transaction
Amount written off during period in respect
of debts due from related parties

11

13

49

87

7,622

4,867

1,656

1,351

Ericsson

ARGENTINA

34

Disclosure of relationship and transactions between related parties [Table]

..(5)

Unless otherwise specified, all monetary values are in Millions of INR


Categories of related parties [Axis]

01/04/2013
to
31/03/2014

10

01/04/2012
to
31/03/2013

01/04/2013
to
31/03/2014

01/04/2012
to
31/03/2013

Disclosure of relationship and transactions between


related parties [Abstract]
Disclosure of relationship and transactions between
related parties [LineItems]
Name of related party
Country of incorporation or residence of related
party
Description of nature of related party relationship

Cia
Anonima
Cia Anonima Ericsson Mat Robert Agervi Mat Robert Agervi
Ericsson
VENEZUELA,
VENEZUELA,
BOLIVARIAN
BOLIVARIAN
REPUBLIC OF
REPUBLIC OF
Fellow Subsidiary Fellow
Subsidiary Key Management Key
Management
company
company
Personnel
Personnel

Transaction relating to key management personnel


[Abstract]
Remuneration for key managerial personnel
Outstanding balances for related party
transactions [Abstract]
Provisions for doubtful debts related to
outstanding balances of related party
transaction
Amount written off during period in respect
of debts due from related parties

34

112

32

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Disclosure of relationship and transactions between related parties [Table]

..(6)

Unless otherwise specified, all monetary values are in Millions of INR


Categories of related parties [Axis]

11

01/04/2013
to
31/03/2014

12

01/04/2012
to
31/03/2013

01/04/2013
to
31/03/2014

01/04/2012
to
31/03/2013

Disclosure of relationship and transactions between


related parties [Abstract]
Disclosure of relationship and transactions between
related parties [LineItems]
Name of related party
Description of nature of related party relationship

Debasish
Roy Debasish
Roy
Chowdhury
Chowdhury
Key Management Key
Management Key Management Key
Management
Personnel
Personnel
Personnel
Personnel
Abhay Kumar Vaish Abhay Kumar Vaish

Transaction relating to key management personnel


[Abstract]
Remuneration for key managerial personnel

13

12

18

17

Disclosure of relationship and transactions between related parties [Table]

..(7)

Unless otherwise specified, all monetary values are in Millions of INR


Categories of related parties [Axis]

13

01/04/2013
to
31/03/2014

14

01/04/2012
to
31/03/2013

01/04/2013
to
31/03/2014

01/04/2012
to
31/03/2013

Disclosure of relationship and transactions between


related parties [Abstract]
Disclosure of relationship and transactions between
related parties [LineItems]
Name of related party

Amitabh Ray

Telefonktiebolaget Telefonktiebolaget
LMEricsson
LMEricsson

Amitabh Ray

Country of incorporation or residence of related


party
Description of nature of related party relationship

SWEDEN

SWEDEN

Key Management Key


Management
Holding company
Personnel
Personnel

Related party transactions [Abstract]


Services received related party transactions
Revenue from rendering of services related
party transactions
Transaction relating to key management personnel
[Abstract]
Remuneration for key managerial personnel
Outstanding balances for related party
transactions [Abstract]
Amounts receivable related party transactions
Provisions for doubtful debts related to
outstanding balances of related party
transaction

25

Holding company

125

337

32

58
0

Unless otherwise specified, all monetary values are in Millions of INR


01/04/2013
to
31/03/2014
Textual
information
[See below]
Yes
Yes
Section 4(1)(b)

Disclosure of notes on related party explanatory [TextBlock]


Whether there are any related party transactions during year
Whether company is subsidiary company
Section under which company is subsidiary

113

01/04/2012
to
31/03/2013
(36)
Yes
Yes
Section 4(1)(b)

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Textual information (36)


Disclosure of notes on related party explanatory [Text Block]
28. Related Party Disclosures

a.

List of Related Parties


Parties where control exists:
Holding Company
TELEFONAKTIEBOLAGET LM ERICSSON
Other related Parties with whom transactions have taken place during the year:

Fellow Subsidiaries
ERICSSON TELECOMUNICACOES LDA.
ERICSSON SUB-SAHARAN AFRICA
ERICSSON AB ANGOLA BRANCH
EAB BRANCH UNITED ARAB EMIRATE
ERICSSON AB AFGANISTAN BRANCH
ERICSSON AB BO ARMENIA
ERICSSON AB BO AZERBAIJAN
ERICSSON AB BR. OFF. BARBADOS
ERICSSON AB BR.OFF. BURKINO FA
ERICSSON AB BAHRAIN BRANCH
ERICSSON AB SUCCURSALE BENIN
ERICSSON AB BOTSWANA BRANCH
ERICSSON AB BR. REPUBLIC CONGO
ERICSSON CONGO KINSHASA
ERICSSON AB IVORY COAST
EAB CYPRUS BRANCH
ERICSSON REPBLICA DOMINICANA
ERICSSON AB GABON BRANCH
ERICSSON RADIO SYSTEMSAB GHANA
ERICSSON GUINEA CONAKRY
ERICSSON BRANCH OFFICE JAMAICA
ERICSSON AB JORDAN
ERICSSON AB BO MADAGASCAR
ERICSSON AB BO MALTA
114

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

ERICSSON AB BRANCH MALAWI


ERICSSON MOZAMBIQUE
ERICSSON AB BR. OFFICE NIGER
ERICSSON AB,SUCURSAL NICARAGUA
ERICSSON BR PALESTINE
ERICSSON AB
EAB RWANDA BRANCH
ERICSSON AB KSA BRANCH
ERICSSON AB SIERRA LEONE BRANC
ERICSSON AB SURINAM BRANCH
ERICSSON AB SUCCURSALE TCHAD
ERICSSON AB SA SUCCURSALE DU
ERICSSON AB BRANCH OFF TUNISIA
ERICSSON AB TRINIDAD ANDTOBAGO
ERICSSON BRANCH OFFICE TANZANI
ERICSSON AB BRANCH UGANDA
ERICSSON AB ZAMBIA BRANCH
ERICSSON ( CHINA ) COMMUNICATIONS
COMPANIA ERICSSON URUGUAY S.A.
COMPANIA ERICSSON S.A.C.I.
ERICSSON CHILE S.A.
COMPANIA ERICSSON SOCIEDAD ANO
CIA ANONIMA ERICSSON
ERICSSON CAMEROON
ERICSSON AB
AUDIOLOG GROUPE ERICSSON S.A.S
ERICSSON ALGERIE S.A.R.L.
ERICSSON AG
ERICSSON BRANCH OFFICE BOLIVIA
ERICSSON S.A./N.V.
ERICSSON ARASTIRMA
ERICSSON ( MALAYSIA ) SDH BHD
ERICSSON CORPORATIA AO
ERICSSON (THAILAND) LTD.
ERICSSON SPOL. S.R.O.

115

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

ERICSSON TELECOMUNICACOES S.A.


ERICSSON DE COLOMBIA S.A.
ERICSSON GMBH
ERICSSON IT SOLUTIONS & SERVIC
ERICSSON DE GUATEMALA S.A.
ERICSSON DE PANAMA S.A.
ERICSSON EESTI AS
ERICSSON EGYPT LTD.
ERICSSON ESPANA S.A.
ERICSSON GEORGIA LTD
ERICSSON INDIA GLOBAL SERVICES
ERICSSON LTD.
ERICSSON DE HONDURAS S.A.
P.T. ERICSSON INDONESIA
ERICSSON INDIA PRIVATE LTD.
ERICSSON KENYA LIMITED
ERICSSON KAZAKHSTAN LLP
ERICSSON LEBANON COMMUNICATION
ERICSSON-LG CO., LTD.
UAB ERICSSON LIETUVA
SIA ERICSSON LATVIA
ERICSSON CANADA INC.
ERICSSON TELECOMMUNICATIONS SR
ERICSSON MAROC SARL
ERICSSON MYANMAR COMPANY LIMIT
ERICSSON TELEKOMUNIKASYON A.S.
ERICSSON NETWORK SERVICES B.V
ERICSSON TELECOMMUNICATIONS PT
ERICSSON TELECOMMUNICATIONS IN
ERICSSON COMMUNICATIONS LTD.
LM ERICSSON ISRAEL LTD.
ERICSSON AUSTRALIA PTY. LTD.
PRIDE S.P.A.
ERICSSON TELECOMMUNICATIONS RO
ERICSSON CARIBBEAN INC.
ERICSSON DEL PARAGUAY S.A.
116

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

ERICSSON DE COSTA RICA S.A.


ERICSSON TAIWAN LTD.
ERICSSON SOUTH AFRICA (PTY) LT
ERICSSON AB (ESE)
ERICSSON FRANCE S.A.
ERICSSON TELECOMMUNICATIONS LA
ERICSSON EL SALVADOR S.A. DE C
ERICSSON TELECOMMUNICATIONS BU
ERICSSON ( HELLAS) TELECOMMUNIC
ERICSSON HUNGARY LTD.
ERICSSON NIKOLA TESLA
ERICSSON LTD.
ERICSSON TELECOMMUNICATIE B.V.
ERICSSON A/S
ERICSSON TELECOMMUNICATIONS RO
ERICSSON VIETNAM CO LTD
ERICSSON INC.
ERICSSON D.O.O.
ERICSSON D.O.O. ZA TELECOMUNI
ERICSSON ZIMBABWE (PTY) LTD.
ERICSSON RESOURCE & COMPETENCE
ERICSSON INTERNATIONAL SERVICE
KUWAIT ERICSSON TELEPHONE
ERICSSON TELEKOMMUNIKATION GMBH.
L M ERICSSON A/S
TELEFONAKTIEBOLAGET LM ERICSSON
OY L M ERICSSON AB
L M ERICSSON LIMITED
L M ERICSSON (NIGERIA) LTD.
NIPPON ERICSSON K.K.
ERICSSON OMAN LLC
ERICSSON REGIONAL OFFICE, JORD
ERICSSON SLOVAKIA SPOL. S.R.O.
ERICSSON AUSTRIA AG
ERICSSON SENEGAL
OPTIMI SPAIN S.L.U.
117

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

ERICSSON SERV ADM MEXICO S.A


ERICSSON DE ECUADOR C.A.
ERICSSON TELECOMUNICAZIONI SPA
TELCORDIA TECHNOLOGIES
ERICSSON TELECOM S.A DE C.V.
ERICSSON BROADCAST SERVICES FR
ERICSSON BROADCAST SERVICES UK
TELEFONAKTIEBOLAGET LM EAB UAE
ERICSSON AB LIBYA BRANCH
ERICSSON TELECOM MACEDONIA LTD
NEDERLANDS OMROEPPRODUCKTIE
ERICSSON TELEVISION LIMITED
ERICSSON TELEVISION INC.
ERICSSON, SUBSIDIARY ENTERPRISE
CONCEPTWAVE SOFTWARE INC.
TELCORDIA TECHNOLOGIES

Key Management Personnel:


Mr. Mats Robert Agervi , Managing Director
Mr. Abhay Kumar Vaish, Director
Mr. Debasish Roy Chowdhury, CFO & Director
Mr. Amitabh Ray , Director (Resigned on 28th November, 2013)

b.

Transactions with related parties during the period in ordinary course of business

Particulars
Particulars

Fellow Subsidiaries
2013-14

2012-13

Ericsson AB

18757

Ericsson Inc.

Holding Company
2013-14

2012-13

Total
2013-14

2012-13

13673

18757

13673

4288

1513

4288

1513

Ericsson India Private Ltd.

3438

2599

3438

2599

Telefonaktiebolaget LM Ericsson

337

Others

7622

4867

7622

4867

Grand total

34105

22652

34442

22652

i. Rendering of Services

337

337

118

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Ii

Particulars
Particulars

Fellow Subsidiaries
2013-14

2012-13

Ericsson AB

2430

Ericsson International Services


B.V.
Ericsson India Private Ltd.

Holding Company
2013-14

2012-13

Total
2013-14

2012-13

1647

2430

1647

393

285

393

285

330

353

330

353

125

49

87

3327

2373

ii. Receipt of Services

Telefonaktiebolaget LM Ericsson

125

Others

49

87

Grand total

3202

2372

Particulars
Particulars

125

Fellow Subsidiaries
2013-14

2012-13

Ericsson Egypt Ltd.

186

Compania Ericsson S.A.C.I.

Holding Company
2013-14

2012-13

Total
2013-14

2012-13

186

Cia Anonima Ericsson

Ericsson India Private Ltd.

62

62

Total

259

259

Ericsson Egypt Ltd.

400

400

Compania Ericsson S.A.C.I.

34

34

Cia Anonima Ericsson

Total

441

441

iii. Bad Debts written off and Provisions


for Doubtful Debts
Bad Debts:

Provision for Doubtful Debts:

Particulars
Particulars

Fellow Subsidiaries
2013-14

2012-13

iv. Transfer of Employees Balances


119

Holding Company
2013-14

2012-13

Total
2013-14

2012-13

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Ericsson India Private Limited


Liabilities

Particulars
Particulars

Fellow Subsidiaries
2013-14

2012-13

Ericsson India Private Limited

10

Others
Grand total

Holding Company
2013-14

2012-13

Total
2013-14

2012-13

246

10

246

11

13

11

13

21

259

21

259

v. Purchase of Fixed Assets

c.

Outstanding recoverable balance (net) as at the year end


Particulars

Fellow Subsidiaries

Particulars

2013-14

2012-13

Ericsson AB

1728

Ericsson Inc.

Holding Company
2013-14

2013-14

2012-13

91

1728

91

680

529

680

529

Ericsson India Private Ltd.

278

761

278

761

Ericsson Ab - Saudi Arabia Branch

257

89

257

89

58

1656

1351

4657

2821

Telefonaktiebolaget LM Ericsson

58

Others

1656

1351

Grand total

4599

2821

58

2012-13

Total

d. Managerial remuneration & other reimbursements to Key Management Personnel *


Particulars
Year Ended March 31, 2014

Year Ended March 31, 2013

Mr. Mats Robert Agervi

34

32

Mr. Abhay Kumar Vaish

13

12

Mr. Debasish Roy Chowdhury

18

17

Mr. Amitabh Ray

25

32

Total

90

93

*Key Management Personnel are covered under the Company?s gratuity and leave encashment scheme along with the other employees of
120

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

the Company. The gratuity/ leave encashment liability is determined for all employees based on an independent actuarial valuation. The
specific amount of gratuity/ leave encashment for Key Management Personnel cannot be ascertained separately and accordingly the same has
not been included above.

[300300] Notes - Earnings per share


Unless otherwise specified, all monetary values are in Millions of INR
01/04/2013
to
31/03/2014
Disclosure of earnings per share explanatory [TextBlock]
Adjustments of numerator to calculate basic earnings per share [Abstract]
Profit (loss) for period
Adjustments of numerator to calculate diluted earnings per share [Abstract]
Profit (loss) for period

01/04/2012
to
31/03/2013

4,319

2,290

4,319

2,290

[202800] Notes - Subsidiary information


Unless otherwise specified, all monetary values are in Millions of INR
01/04/2013
to
31/03/2014
Disclosure of subsidiary information explanatory [TextBlock]
Whether company has subsidiary companies

No

[201900] Notes - Income taxes


Unless otherwise specified, all monetary values are in Millions of INR
31/03/2014

31/03/2013

Disclosure of notes on income taxes explanatory [TextBlock]


Disclosure of breakup of deferred tax assets and deferred tax liabilities
[Abstract]
Components of deferred tax assets [Abstract]
Deferred tax asset, employee benefits
Deferred tax asset, fixed assets
Deferred tax asset, provision doubtful debts
Deferred tax asset, other
Total deferred tax assets

Footnotes
(A) Provision for gratuity and leave encashment
(B) Provision for gratuity and leave encashment
(C) Difference between WDV of fixed assets as per books and under Income tax Act, 1961
(D) Difference between WDV of fixed assets as per books and under Income tax Act, 1961
(E) bonus payable
(F) bonus payable

121

(A) 118

(B) 89

(C) 147
95

(D) 61
0

(E) 151
511

(F) 80
230

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

[202400] Notes - Investments in associates


Unless otherwise specified, all monetary values are in Millions of INR
01/04/2013
to
31/03/2014
Disclosure of notes on investment in associates explanatory [TextBlock]
Whether company has invested in associates

No

[202500] Notes - Financial reporting of interests in joint ventures


Unless otherwise specified, all monetary values are in Millions of INR
01/04/2013
to
31/03/2014
Disclosure of notes on interests in joint ventures explanatory [TextBlock]
Whether company has invested in joint ventures

No

[202700] Notes - Cash flow statements


Unless otherwise specified, all monetary values are in Millions of INR
01/04/2013
to
31/03/2014
Disclosure of cash flow statement explanatory [TextBlock]
Cash and cash equivalents if different from balance sheet [Abstract]
Cash and cash equivalents cash flow statement
Total cash and cash equivalents
Income taxes paid (refund) [Abstract]
Income taxes paid (refund), classified as operating activities
Total income taxes paid (refund)

122

01/04/2012
to
31/03/2013

4,421
4,421

1,003
1,003

2,111
2,111

1,209
1,209

31/03/2012

126