Airtel 2014 Annual Report Download - page 237

Notes to consolidated financial statements
FINANCIAL STATEMENTS
Bharti Airtel Limited Statutory ReportsCorporate Overview Financial Statements
235
Consolidated Financial Statements
23. Prepayments and Other Assets
(` Millions)
Particulars As of
March 31, 2015
As of
March 31, 2014
Prepaid expenses 10,212 8,539
Employee receivables 847 562
Advances to suppliers 6,360 10,252
Taxes receivable 12,504 9,991
Others 1,905 312
Total 31,828 29,656
Employee receivables principally consist of advances given for business purposes.
Advance to Suppliers are disclosed net of provision of ` 3,003 Mn and ` 1,963 Mn as of March 31, 2015 and March 31, 2014,
respectively.
Taxes receivables include customs duty, excise duty, service tax, sales tax and other recoverable.
24. Other Investments
(a) Non-current
(` Millions)
Particulars As of
March 31, 2015
As of
March 31, 2014
Held for trading securities - quoted * 23,970 27,883
Designated at fair value through profit or loss - quoted 7,290 8,458
Total 31,260 36,341
* Include investments reclassified from current investments to non-current investments basis the future utilisation plan of funds.
(b) Current
(` Millions)
Particulars As of
March 31, 2015
As of
March 31, 2014
Held for trading securities - quoted 82,918 61,574
Designated at fair value through profit or loss - quoted 1,099 690
Loans and receivables - fixed deposits with banks 8,823 1
Total 92,840 62,265
The market values of quoted investments were assessed on the basis of the quoted prices as at the date of statement of
financial position. Held for trading investments primarily comprises debt linked mutual funds and quoted liquid debt
instruments in which the Group invests surplus funds to manage liquidity and working capital requirements. Investments
designated at fair value through profit or loss comprises investments in debt linked mutual funds.
The Group has taken borrowings from banks and financial institutions which carry charge over certain of the above assets.
Details towards security and pledge of the above assets are given under Note 26.
25. Cash and Cash Equivalents
(` Millions)
Particulars As of
March 31, 2015
As of
March 31, 2014
Cash and bank balances 8,869 44,505
Fixed deposits with banks 2,850 5,303
Total 11,719 49,808