Airtel 2013 Annual Report Download - page 217
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Consolidated Financial Statements 215
Notes to consolidated financial statements
(1) Outstanding balances at year end are unsecured
and settlement occurs in cash. There have been no
guarantees provided or received for any related party
receivables or payables. The Group has not recorded
any impairment of receivables relating to amounts
owed by related parties. This assessment is taken
each year through examining the financial position of
the related party and the market in which the related
party operates.
(2) In addition to the above, ` 106 Mn and ` 104 Mn
donation has been given to Bharti Foundation during
the year ended March 31, 2013 and March 31, 2012
respectively.
Purchase of assets – includes primarily purchase of
bandwidth, computer software, telephone instruments
and network equipment.
Expenses incurred by/for the Group – include expenses
of general and administrative nature.
Sale of services – represents billing for broadband,
international long distance services, mobile, access
and roaming services.
Purchase of services – includes primarily billing for
broadband, international long distance services,
management service charges, billing for tower
infrastructure services and maintenance charges
towards network equipment.
33.3 Remuneration to key management personnel were as follows:
(` Millions)
Particulars Year ended
March 31, 2013
Year ended
March 31, 2012
Short-Term employee benefits 399 307
Post-Employment benefits
Defined contribution plan 25 13
Defined benefit plan* - -
Other long-term benefits* - -
Share-based payment** - -
424 320
*As the liabilities for defined benefit plan i.e. gratuity and other long term benefits i.e. compensated absences are provided on actuarial basis for the Company
as a whole, the amounts pertaining to directors are not included above.
**It represents fair value of options granted during the period which has been considered for amortisation over the vesting periods.
34. Lease Disclosure
Operating Lease
As lessee, the Group’s and its joint ventures’
obligations arising from non-cancellable lease
are mainly related to lease arrangements for
passive infrastructure and real estate. These leases
have various extension options and escalation
clause. As per the agreements maximum obligation
on long-term non-cancellable operating leases are as
follows: