Airtel 2015 Annual Report Download - page 274

Download and view the complete annual report

Please find page 274 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.

Page out of 360

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216
  • 217
  • 218
  • 219
  • 220
  • 221
  • 222
  • 223
  • 224
  • 225
  • 226
  • 227
  • 228
  • 229
  • 230
  • 231
  • 232
  • 233
  • 234
  • 235
  • 236
  • 237
  • 238
  • 239
  • 240
  • 241
  • 242
  • 243
  • 244
  • 245
  • 246
  • 247
  • 248
  • 249
  • 250
  • 251
  • 252
  • 253
  • 254
  • 255
  • 256
  • 257
  • 258
  • 259
  • 260
  • 261
  • 262
  • 263
  • 264
  • 265
  • 266
  • 267
  • 268
  • 269
  • 270
  • 271
  • 272
  • 273
  • 274
  • 275
  • 276
  • 277
  • 278
  • 279
  • 280
  • 281
  • 282
  • 283
  • 284
  • 285
  • 286
  • 287
  • 288
  • 289
  • 290
  • 291
  • 292
  • 293
  • 294
  • 295
  • 296
  • 297
  • 298
  • 299
  • 300
  • 301
  • 302
  • 303
  • 304
  • 305
  • 306
  • 307
  • 308
  • 309
  • 310
  • 311
  • 312
  • 313
  • 314
  • 315
  • 316
  • 317
  • 318
  • 319
  • 320
  • 321
  • 322
  • 323
  • 324
  • 325
  • 326
  • 327
  • 328
  • 329
  • 330
  • 331
  • 332
  • 333
  • 334
  • 335
  • 336
  • 337
  • 338
  • 339
  • 340
  • 341
  • 342
  • 343
  • 344
  • 345
  • 346
  • 347
  • 348
  • 349
  • 350
  • 351
  • 352
  • 353
  • 354
  • 355
  • 356
  • 357
  • 358
  • 359
  • 360

Transformational Network
NotesWRFRQVROLGDWHGnjQDQFLDOVWDWHPHQWV
272 Annual Report 2015-16
ZLWK ,$6  ţ3URYLVLRQV &RQWLQJHQW /LDELOLWLHV DQG
Contingent Assets”, or amount initially recognised less,
ZKHQDSSURSULDWHFXPXODWLYHDPRUWLVDWLRQUHFRJQLVHG
LQDFFRUGDQFHZLWK,$6ţ5HYHQXHŤ
3.4 Interest in Joint Ventures and Associates
 $MRLQWYHQWXUHLVDW\SHRIMRLQWDUUDQJHPHQWZKHUHE\
WKHSDUWLHVWKDWKDYHMRLQWFRQWURORIWKHDUUDQJHPHQW
KDYHULJKWVWRWKHQHWDVVHWVRIWKHMRLQWYHQWXUH-RLQW
FRQWURO LV WKH FRQWUDFWXDOO\ DJUHHG VKDULQJ RI FRQWURO
RI DQ DUUDQJHPHQW ZKLFK H[LVWV RQO\ ZKHQ GHFLVLRQV
about the relevant activities require unanimous consent
RIWKHSDUWLHVVKDULQJFRQWURO
$Q DVVRFLDWH LV DQ HQWLW\ RYHU ZKLFK WKH *URXS KDV
VLJQLnjFDQWLQǍXHQFH6LJQLnjFDQWLQǍXHQFHLVWKHSRZHU
WR SDUWLFLSDWH LQ WKH njQDQFLDO DQG RSHUDWLQJ SROLF\
GHFLVLRQV RI WKH LQYHVWHH EXW LV QRW FRQWURO RU MRLQW
control over those policies.
7KH *URXSšV LQYHVWPHQWV LQ LWV MRLQW YHQWXUHV DQG
DVVRFLDWHVDUHDFFRXQWHGIRUXVLQJWKHHTXLW\PHWKRG
Under the equity method, investments in joint ventures
and associates are carried in the consolidated
VWDWHPHQWRI njQDQFLDOSRVLWLRQDWFRVWDVDGMXVWHGIRU
SRVWDFTXLVLWLRQ FKDQJHV LQ WKH *URXSšV VKDUH RI WKH
QHW DVVHWV RI WKH MRLQW YHQWXUHV DQG DVVRFLDWHV OHVV
DQ\LPSDLUPHQWLQWKHYDOXHRIWKHLQYHVWPHQWV/RVVHV
RI D MRLQW YHQWXUH DQG DQ DVVRFLDWH LQ H[FHVV RI WKH
Groups interest in that joint venture or associate are
QRWUHFRJQLVHG$GGLWLRQDOORVVHVDUHSURYLGHGIRUDQGD
liability is recognised, only to the extent that the Group
has incurred legal or constructive obligation or made
SD\PHQWVRQEHKDOIRIWKHMRLQWYHQWXUHRUDVVRFLDWH
 -RLQWYHQWXUHVDQGDVVRFLDWHVDUHDFFRXQWHGIRUIURP
WKHGDWHRQZKLFK*URXSREWDLQVMRLQWFRQWURORYHUWKH
MRLQW YHQWXUH VWDUWV H[HUFLVLQJ VLJQLnjFDQW LQǍXHQFH
over the associate. Where necessary, adjustments
DUHPDGHWRWKHnjQDQFLDOVWDWHPHQWVRIMRLQWYHQWXUHV
and associates to bring their accounting policies and
DFFRXQWLQJSHULRGLQOLQHZLWKWKRVHXVHGE\WKH*URXS
*RRGZLOO UHODWLQJ WR WKH MRLQW YHQWXUH DQG DVVRFLDWH
LV LQFOXGHG LQ WKH FDUU\LQJ DPRXQW RI WKH LQYHVWPHQW
DQG LV QHLWKHU DPRUWLVHG QRU LQGLYLGXDOO\ WHVWHG IRU
impairment.
$IWHU DSSOLFDWLRQ RI WKH HTXLW\ PHWKRG WKH *URXS
GHWHUPLQHV ZKHWKHU LW LV QHFHVVDU\ WR UHFRJQLVH DQ
impairment loss on its investment in its associate or joint
venture. At each reporting date, the Group determines
ZKHWKHUWKHUHLVREMHFWLYHHYLGHQFHWKDWWKHLQYHVWPHQW
LQWKHDVVRFLDWHRUMRLQWYHQWXUHLVLPSDLUHG,IWKHUHLV
VXFK HYLGHQFH WKH *URXS FDOFXODWHV WKH DPRXQW RI
LPSDLUPHQWDVWKHGLNjHUHQFHEHWZHHQWKHUHFRYHUDEOH
DPRXQWRIWKHDVVRFLDWHRUMRLQWYHQWXUHDQGLWVFDUU\LQJ
YDOXHDQGWKHQUHFRJQLVHVWKHORVVDVŠ6KDUHRISURnjW
RI DQ DVVRFLDWH DQG D MRLQW YHQWXUHš LQ WKH LQFRPH
statement.
 &XUUHQWYHUVXV1RQFXUUHQW&ODVVLǂFDWLRQ
 7KH*URXSSUHVHQWVDVVHWVDQGOLDELOLWLHVLQVWDWHPHQW
RI njQDQFLDO SRVLWLRQ EDVHG RQ FXUUHQWQRQFXUUHQW
FODVVLnjFDWLRQ
 $QDVVHWLVFODVVLnjHGDVFXUUHQWZKHQLWLV
a) expected to be realised or intended to sold or
consumed in normal operating cycle,
E KHOGSULPDULO\IRUWKHSXUSRVHRIWUDGLQJ
F H[SHFWHGWREHUHDOLVHGZLWKLQWZHOYHPRQWKVDIWHU
the reporting period, or
G FDVK RU FDVK HTXLYDOHQW XQOHVV UHVWULFWHG IURP
EHLQJH[FKDQJHGRUXVHGWRVHWWOHDOLDELOLW\IRUDW
OHDVWWZHOYHPRQWKVDIWHUWKHUHSRUWLQJSHULRG
 $OORWKHUDVVHWVDUHFODVVLnjHGDVQRQFXUUHQW
 $OLDELOLW\LVFODVVLnjHGDVFXUUHQWZKHQ
a) it is expected to be settled in normal operating
cycle,
E LWLVKHOGSULPDULO\IRUWKHSXUSRVHRIWUDGLQJ
F LWLVGXHWREHVHWWOHGZLWKLQWZHOYHPRQWKVDIWHU
the reporting period, or
G WKHUH LV QR XQFRQGLWLRQDO ULJKW WR GHIHU WKH
VHWWOHPHQWRIWKHOLDELOLW\IRUDWOHDVWWZHOYHPRQWKV
DIWHUWKHUHSRUWLQJSHULRG
 7KH*URXSFODVVLnjHVDOORWKHUOLDELOLWLHVDVQRQFXUUHQW
 'HIHUUHGWD[DVVHWVDQGOLDELOLWLHVDUHFODVVLnjHGDVQRQ
current assets and liabilities.
3.6 Intangible Assets
,GHQWLnjDEOH LQWDQJLEOH DVVHWV DUH UHFRJQLVHG ZKHQ
WKH*URXSFRQWUROVWKHDVVHWLWLVSUREDEOHWKDWIXWXUH
HFRQRPLF EHQHnjWV DWWULEXWHG WR WKH DVVHW ZLOO ǍRZ WR
WKH *URXS DQG WKH FRVW RI WKH DVVHW FDQ EH UHOLDEO\
measured.
At initial recognition, the separately acquired intangible
DVVHWV DUH UHFRJQLVHG DW FRVW 7KH FRVW RI LQWDQJLEOH
assets that are acquired in a business combination is its
IDLUYDOXHDVDWWKHGDWHRIDFTXLVLWLRQ)ROORZLQJLQLWLDO
recognition, the intangible assets are carried at cost
less any accumulated amortisation and accumulated
LPSDLUPHQWORVVHVLIDQ\
 $PRUWLVDWLRQLVUHFRJQLVHGLQSURnjWRUORVVRQDVWUDLJKW
OLQHEDVLVRYHUWKHHVWLPDWHGXVHIXOOLYHVRILQWDQJLEOH
DVVHWV IURP WKH GDWH WKH\ DUH DYDLODEOH IRU XVH 7KH
DPRUWLVDWLRQSHULRGDQGWKHDPRUWLVDWLRQPHWKRGIRUDQ
LQWDQJLEOHDVVHWH[FHSWJRRGZLOOLV UHYLHZHGDWOHDVW
DW HDFK njQDQFLDO \HDU HQG &KDQJHV LQ WKH H[SHFWHG
XVHIXO OLIH RU WKH H[SHFWHG SDWWHUQ RI FRQVXPSWLRQ RI
IXWXUH HFRQRPLF EHQHnjWV HPERGLHG LQ WKH DVVHW DUH
DFFRXQWHGIRUE\FKDQJLQJWKHDPRUWLVDWLRQSHULRGRU
method, as appropriate, and are treated as changes in
accounting estimates.