Airtel 2015 Annual Report Download - page 233
Download and view the complete annual report
Please find page 233 of the 2015 Airtel annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.Bharti Airtel Limited
NotesWRFRQVROLGDWHGnjQDQFLDOVWDWHPHQWV
231
Consolidated Financial Statements (IGAAP)
02-39 | Corporate Overview Financial Statements40-125 | Statutory Reports
126-355
YLL 7KH 'HSDUWPHQW RI 7HOHFRPPXQLFDWLRQV 'R7
KDG LVVXHG QRWLFHV WR WKH &RPSDQ\ DV ZHOO DV
YDULRXV RWKHU 7HOHFRP 6HUYLFH 3URYLGHUV WR VWRS
SURYLVLRQRIVHUYLFHVXQGHU*,QWUD&LUFOH5RDPLQJ
,&5 DUUDQJHPHQWV LQ WKH VHUYLFH DUHDV ZKHUH
VXFKVHUYLFHSURYLGHUVKDGQRWEHHQDOORFDWHG*
6SHFWUXP'R7DOVROHYLHG DnjQDQFLDOSHQDOW\RI
` 0Q7KH&RPSDQ\FRQWHVWHGWKHQRWLFHV
DQGXSRQYDULRXVURXQGVRIOLWLJDWLRQVXOWLPDWHO\
WKH 7'6$7 YLGH LWV MXGJHPHQW GDWHG $SULO
KHOG*,&5DUUDQJHPHQWVWREHFRPSHWHQW
DQG FRPSOLDQW ZLWK WKH OLFHQVLQJ FRQGLWLRQV DQG
TXDVKHG WKH QRWLFH LPSRVLQJ SHQDOW\ 7KH 'R7
KDVFKDOOHQJHG WKH RUGHURI7'6$7LQDQ DSSHDO
njOHGEHIRUHWKH+RQšEOH6XSUHPH&RXUWZKLFKKDV
EHHQDGPLWWHG+RZHYHU+RQšEOH6XSUHPH&RXUW
KDVUHIXVHGWRJUDQWDQ\LQWHULPRUGHUGXULQJWKH
SHQGHQF\ RI WKH DSSHDO 7KH FDVH LV \HW WR EH
OLVWHGIRUKHDULQJLQWKH+RQšEOH6XSUHPH&RXUW
YLLL 7KH&RPSDQ\KDVQRWEHHQDEOHWRPHHWLWVUROORXW
REOLJDWLRQV IXOO\ GXH WR FHUWDLQ QRQFRQWUROODEOH
IDFWRUV OLNH 7HOHFRPPXQLFDWLRQ (QJLQHHULQJ
&HQWHU WHVWLQJ 6WDQGLQJ $GYLVRU\ &RPPLWWHH
RI 5DGLR )UHTXHQF\ $OORFDWLRQV FOHDUDQFH QRQ
DYDLODELOLW\ RI VSHFWUXP HWF 7KH &RPSDQ\ KDV
UHFHLYHGVKRZFDXVHQRWLFHVIURP'R7IRURILWV
FLUFOHVIRUQRQIXOnjOOPHQWRILWVUROORXWREOLJDWLRQV
DQGWKHVHKDYHEHHQUHSOLHGWR'R7KDVUHYLHZHG
DQG UHYLVHG WKH FULWHULD DQG WKHUH KDV EHHQ QR
IXUWKHUGHYHORSPHQWRQWKLVPDWWHUVLQFHWKHQ
J $LUWHO1HWZRUNV/LPLWHGŞ2ZQHUVKLS
$LUWHO 1HWZRUNV /LPLWHG ţ$LUWHO 1HWZRUNVŤ IRUPHUO\
NQRZQDV&HOWHO1LJHULD/LPLWHGZDVLQFRUSRUDWHGRQ
'HFHPEHUDV(FRQHW:LUHOHVV1LJHULD/LPLWHG
DQGLVDVXEVLGLDU\RI%KDUWL$LUWHO1LJHULD%9%$1%9
IRUPHUO\&HOWHO1LJHULD%9ZKLFKLQWXUQLVDQLQGLUHFW
VXEVLGLDU\ RI %KDUWL $LUWHO ,QWHUQDWLRQDO 1HWKHUODQGV
%9DVXEVLGLDU\RI%KDUWL$LUWHO/LPLWHG
$LUWHO 1HWZRUNV DQG RU %$1%9 DUH GHIHQGDQWV LQ
FDVHV njOHG E\ (FRQHW :LUHOHVV /LPLWHG (:/ ZKHUH
(:/LVFODLPLQJDPRQJVWRWKHUVDEUHDFKRILWVDOOHJHG
SUHHPSWLRQ ULJKWV DJDLQVW HUVWZKLOH DQG FXUUHQW
VKDUHKROGHUV
8QGHUWKHWUDQVDFWLRQWRDFTXLUHFRQWUROOLQJVWDNH
LQ$LUWHO1HWZRUNV/LPLWHGLQWKHHUVWZKLOHVHOOLQJ
VKDUHKROGHUVZHUHREOLJHGXQGHUWKHSUHHPSWLRQULJKW
SURYLVLRQ FRQWDLQHG LQ WKH VKDUHKROGHUVš DJUHHPHQW
GDWHG$SULOWKHţ6KDUHKROGHUV$JUHHPHQWŤ
WR njUVW RNjHU WKH VKDUHV WR HDFK RWKHU EHIRUH RNjHULQJ
WKHVKDUHVWRDWKLUGSDUW\7KHVHOOHUVZDLYHGWKHSUH
HPSWLRQ ULJKWV DPRQJVW WKHPVHOYHV DQG WKH VKDUHV
ZHUHRNjHUHGWR(:/GHVSLWHWKHIDFWWKDW(:/šVVWDWXV
DVDVKDUHKROGHULWVHOIZDVLQGLVSXWH+RZHYHUWKHRNjHU
WR (:/ ODSVHG VLQFH (:/ GLG QRW PHHW LWV SD\PHQW
REOLJDWLRQV WR SD\ IRU WKH VKDUHV ZLWKLQ WKH GD\V
GHDGOLQH DV VSHFLnjHG LQ WKH VKDUHKROGHUVš DJUHHPHQW
DQGWKHVKDUHVZHUHDFTXLUHGE\&HOWHO1LJHULD%9QRZ
%KDUWL $LUWHO 1LJHULD %9 LQ (:/ KDV LQWHU DOLD
FRPPHQFHGDUELWUDOSURFHHGLQJVLQ1LJHULDFRQWHVWLQJ
WKH DFTXLVLWLRQ %$1%9 ZKLFK LV WKH FXUUHQW RZQHU
RI DSSUR[LPDWHO\ LQFUHDVHG IURP
WR LQ 0DUFK RI WKH HTXLW\ LQ $LUWHO
1HWZRUNV/LPLWHGKDVEHHQGHIHQGLQJWKHVHFDVHVDQG
WKHDUELWUDWLRQVLQFHLWZDVFRPPHQFHG
2Q'HFHPEHUWKH7ULEXQDOLQWKH$UELWUDWLRQ
FRPPHQFHGE\(:/LVVXHGD3DUWLDO)LQDO$ZDUGVWDWLQJ
DPRQJVWRWKHUVWKDWWKH6KDUHKROGHUV$JUHHPHQWKDG
EHHQ EUHDFKHG E\ WKH HUVWZKLOH VKDUHKROGHUV DQG
DFFRUGLQJO\WKHDFTXLVLWLRQZDVQXOODQGYRLG+RZHYHU
WKH 7ULEXQDO KDV UHMHFWHG (:/šV FODLP IRU UHYHUVDO RI
WKH WUDQVDFWLRQ ,QVWHDG WKH 7ULEXQDO RUGHUHG D
GDPDJHVKHDULQJ
2Q)HEUXDU\%$1%9njOHGDQDSSOLFDWLRQEHIRUH
WKH/DJRV6WDWH+LJK&RXUWWRVHWDVLGHWKH3DUWLDO)LQDO
$ZDUG ,Q DGGLWLRQ %$1%9 njOHG DQ DSSOLFDWLRQ IRU DQ
LQMXQFWLRQWRUHVWUDLQWKHSDUWLHVWRWKH$UELWUDWLRQIURP
IXUWKHU FRQYHQLQJ WKH DUELWUDWLRQ IRU WKH SXUSRVHV RI
FRQVLGHULQJ WKH TXDQWXP RI GDPDJHV WKDW FRXOG EH
DZDUGHGWR(:/XQWLOWKHFRQFOXVLRQRI WKH PDWWHUWR
VHWDVLGHWKH3DUWLDO)LQDO$ZDUG7KHDSSOLFDWLRQWRVHW
DVLGHWKH3DUWLDO)LQDO$ZDUGZDVKHDUGE\WKH/DJRV
6WDWH+LJK&RXUWRQ-XQHDQGE\D-XGJHPHQW
GHOLYHUHG RQ 2FWREHU WKH /DJRV 6WDWH +LJK
&RXUW GLVPLVVHG %$1%9šV DSSOLFDWLRQ WR VHW DVLGH
WKH 3DUWLDO )LQDO $ZDUG DJDLQVW ZKLFK %$1%9 ORGJHG
DQ DSSHDO DW WKH &RXUW RI $SSHDO LQ /DJRV 1LJHULD
7KH DSSHDO ZDV GLVPLVVHG E\ WKH &RXUW RI $SSHDO
RQ )HEUXDU\ %$1%9 QRW VDWLVnjHG ZLWK WKH
MXGJHPHQWRIWKH&RXUWRI$SSHDO/DJRVRQ0DUFK
KDV njOHG LWV DSSHDO ZLWK WKH 6XSUHPH &RXUW RI
1LJHULD
:LWKRXWSUHMXGLFHWRWKHDSSOLFDWLRQE\%$1%9EHIRUH
WKH 1LJHULDQ FRXUWV WR VHW DVLGH WKH 3DUWLDO )LQDO
$ZDUG WKH7ULEXQDO KDVWDNHQVWHSVLQUHODWLRQWRWKH
GDPDJHV KHDULQJ LQ WKH $UELWUDWLRQ 7KH GDPDJHV
FODLPZDVKHDUGE\WKH7ULEXQDOGXULQJ2FWREHU
DQGWKHSDUWLHVVXEPLWWHGWKHLUFORVLQJDUJXPHQWVRQ
'HFHPEHU
7KH7ULEXQDOLVVXHGLWV)LQDO$ZDUGRQGDPDJHVGDWHG
-XQHRQ-XO\7KH7ULEXQDOIRXQGWKDW
(:/KDVVXNjHUHGORVVHVDVDUHVXOWRIEUHDFKHVRIWKH
6KDUHKROGHUVš $JUHHPHQW DQG FDOFXODWHG WKH ORVVHV
DJDLQVW%$1%9WREHDQDPRXQWRI86'0QDQG
FRVWVRI86'0QWRWDOLQJ86'0Q
7KH&RPSDQ\KDVnjOHGDQDSSOLFDWLRQIRUVHWWLQJDVLGH
RI WKH )LQDO $ZDUG EHIRUH WKH +LJK &RXUW LQ 1LJHULD
2QWKH RWKHU KDQG (:/KDVnjOHG DSSOLFDWLRQV EHIRUH
WKH+LJK&RXUW LQ1LJHULDWRVHHNWRHQIRUFHERWKWKH
)LQDO$ZDUGDQGWKH3DUWLDO)LQDO$ZDUG7KH&RPSDQ\
LV FRQWHVWLQJ WKHVH HQIRUFHPHQW DSSOLFDWLRQV 7KHVH
PDWWHUVDUHFXUUHQWO\DGMRXUQHGWR0D\