Airtel 2015 Annual Report Download - page 189

Bharti Airtel Limited
NotesWRnjQDQFLDOVWDWHPHQWV
187
Standalone Financial Statements (IGAAP)
02-39 | Corporate Overview Financial Statements40-125 | Statutory Reports
126-355
50. Forward Contracts & Derivative Instruments and Unhedged Foreign Currency Exposure
 7KH &RPSDQ\šV DFWLYLWLHV H[SRVHLWWRDYDULHW\RI njQDQFLDO ULVNV LQFOXGLQJ WKH HNjHFWVRIFKDQJHVLQIRUHLJQFXUUHQF\
H[FKDQJH UDWHV DQG LQWHUHVW UDWHV 7KH &RPSDQ\ XVHV GHULYDWLYH njQDQFLDO LQVWUXPHQWV VXFK DV IRUHLJQ H[FKDQJH
FRQWUDFWV RSWLRQ FRQWUDFWV DQG LQWHUHVW UDWH VZDSV WR PDQDJH LWV H[SRVXUHV WR IRUHLJQ H[FKDQJH ǍXFWXDWLRQV DQG
changes in interest rate.
The following table details the status of the Company’s exposure:
(` Millions)
Sr.
No Particulars Notional Value (March 31, 2016)
Notional Value
(March 31, 2015)
A For Loan related exposures *
a) Forwards 1,655 7,023
E2SWLRQV 20,802 19,115
Total 22,457 26,138
B For Trade related exposures *
a) Forwards 15,537 9,326
E2SWLRQV 13,317 3,818
c) Interest Rate Swaps    
Total 28,854 13,144
C Unhedged foreign currency borrowing 88,560 26,075
D Unhedged foreign currency payables 17,055 33,468
E Unhedged foreign currency receivables 45,742 43,104
* All derivatives are taken for hedging purposes only and trade related exposure includes hedges taken for forecasted receivables.
The Company has accounted for derivatives, which are covered under the Announcement issued by the ICAI, on mark-
to-market basis and has recorded reversal of loss ` 133 Mn (including reversal of loss of ` 125 Mn towards embedded
derivatives) for the year ended March 31, 2016 [recorded reversal of loss of ` 258 Mn (including reversal of loss of ` 196
Mn towards embedded derivatives) for the year ended March 31, 2015].
51. D 7KH%RDUGRI'LUHFWRUVLQLWVPHHWLQJKHOGRQ$SULOSURSRVHGDnjQDOGLYLGHQGRI` 2.22 per equity share of
`HDFKRIIDFHYDOXHIRUnjQDQFLDO\HDUZKLFKZDVGXO\DSSURYHGE\WKHVKDUHKROGHUVRIWKH
Company in the Annual General Meeting held on August 21, 2015.
b) During the year ended March 31, 2015, on August 13, 2014, the Board of Directors declared an interim dividend
for ` 1.63 per equity share of ` 5.00 each (32.6% of face value)
c) Net dividend remitted in foreign exchange:
(` Millions)
Particulars During the year ended
March 31, 2016
During the year ended
March 31, 2015
1XPEHURIQRQUHVLGHQWVKDUHKROGHUV 3 4
1XPEHURIHTXLW\VKDUHVKHOGRQZKLFKGLYLGHQGZDV
due (Nos. in Million) 861 862
Amount remitted (` in Millions) 1,912 2,958
Amount remitted (USD in Millions) 29 49
d) Dividend of ` 1.36 per share (Face value per share `SURSRVHGIRUWKHnjQDQFLDO\HDU