Airtel 2012 Annual Report Download - page 122
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120
BHARTI AIRTEL ANNUAL REPORT 2011-12
Particulars For the year ended For the year ended
March 31, 2012 March 31, 2011
Interest expense 11,086 1,408
Other borrowing cost 474 624
Loss from swap arrangements (net) 433 1,062
Applicable net (gain)/loss on foreign currency transactions and translation 1,969 147
13,962 3,241
(``
``
` Millions)
33. FINANCE COSTS
Particulars For the year ended For the year ended
March 31, 2012 March 31, 2011
Depreciation of tangible assets (refer note 14) 48,500 41,937
Amortisation of intangible assets (refer note 15) 10,660 4,179
59,160 46,116
(``
``
` Millions)
34. DEPRECIATION AND AMORTISATION EXPENSE
35. NEW OPERATIONS
a) The Company had invested ` 201 Mn in Bharti Airtel International (Mauritius) Limited, during the year ended March
31, 2012 and holds 100% of the total shareholding as on March 31, 2012.
b) The Company had invested ` 211 Mn in Bharti International (Singapore) Pte Limited, during the year ended March 31,
2012 and holds 50.91% of the total shareholding as on March 31, 2012.
c) The Company had invested ` 480 Mn in Airtel M Commerce Services Limited during the year ended March 31, 2012, out
of which equity shares of ` 20 Mn were acquired from Bharti Airtel Services Limited and ` 280 Mn have been invested
during the quarter ended March 31, 2012. The Company currently holds 100% of the total shareholding as on March
31, 2012.
d) On April 5, 2011, Airtel DTH Services Congo (RDC) S.p.r.l. had been incorporated as a wholly owned subsidiary of Bharti
Airtel DTH Holdings B.V. (a wholly-owned subsidiary of Bharti Airtel Africa B.V.).
e) On April 5, 2011, Airtel Mobile Commerce Madagascar S.A. had been incorporated as a wholly owned subsidiary of Airtel
Mobile Commerce B.V. (formerly known as Zap Mobile Commerce B.V., a wholly owned subsidiary of Bharti Airtel
International (Netherlands) B.V.). Airtel Mobile Commerce B.V. had invested ` 0.05 Mn in the newly incorporated
company.
f) On April 5, 2011, Congo RDC Towers S.p.r.l. had been incorporated as a wholly owned subsidiary of Africa Towers N.V.
(a wholly owned subsidiary of Bharti Airtel International (Netherlands) B.V.).
g) On May 17, 2011, Gabon Towers S.A. had been incorporated as a wholly owned subsidiary of Africa Towers N.V. (a wholly
owned subsidiary of Bharti Airtel International (Netherlands) B.V.). Africa Towers N.V. had invested ` 1 Mn in the newly
incorporated company.