Airtel 2015 Annual Report Download - page 287

Bharti Airtel Limited
NotesWRFRQVROLGDWHGnjQDQFLDOVWDWHPHQWV
285
Consolidated Financial Statements (IFRS)
02-39 | Corporate Overview Financial Statements40-125 | Statutory Reports
126-355
VSHFLnjF JXLGDQFH IRU UDWHUHJXODWHG DFWLYLWLHV 7KH
,$6% KDV D SURMHFW WR FRQVLGHU WKH EURDG LVVXH RI
UDWH UHJXODWLRQ DQG SODQV WR SXEOLVK D 'LVFXVVLRQ
3DSHURQWKLVVXEMHFWLQ3HQGLQJWKHRXWFRPH
RI WKLV FRPSUHKHQVLYH 5DWHUHJXODWHG $FWLYLWLHV
SURMHFWWKH,$6%GHFLGHGWRGHYHORS,)56DVDQ
interim measure.
 7KH HNjHFWLYH GDWH RI ,)56  LV DQQXDO SHULRGV
EHJLQQLQJ RQ RU DIWHU -DQXDU\   ZLWK HDUO\
DGRSWLRQSHUPLWWHG7KH*URXSLVUHTXLUHGWRDGRSW
WKH VWDQGDUG E\ WKH njQDQFLDO \HDU FRPPHQFLQJ
$SULO   7KH *URXS GRHV QRW H[SHFW WKDW
WKH DGRSWLRQ RI WKH DPHQGPHQWV ZLOO KDYH DQ\
VLJQLnjFDQW LPSDFW RQ WKH FRQVROLGDWHG njQDQFLDO
statements.
c) Amendments to IFRS 11 : Accounting for
Acquisitions of Interests
 ,Q 0D\  ,$6% LVVXHG DPHQGPHQWV WR ,)56
-RLQW$UUDQJHPHQWVZKLFK UHTXLUHVWKDWDMRLQW
RSHUDWRU ZKR LV DFFRXQWLQJ IRU WKH DFTXLVLWLRQ RI
DQLQWHUHVWLQDMRLQWRSHUDWLRQLQZKLFKWKHDFWLYLW\
RI WKH MRLQW RSHUDWLRQ FRQVWLWXWHV D EXVLQHVV PXVW
DSSO\ WKH UHOHYDQW ,)56  SULQFLSOHV IRU EXVLQHVV
FRPELQDWLRQV DFFRXQWLQJ 7KH DPHQGPHQWV DOVR
FODULI\ WKDW D SUHYLRXVO\ KHOG LQWHUHVW LQ D MRLQW
RSHUDWLRQ LV QRW UHPHDVXUHG RQ WKH DFTXLVLWLRQ RI
an additional interest in the same joint operation
ZKLOH MRLQW FRQWURO LV UHWDLQHG ,Q DGGLWLRQ D VFRSH
H[FOXVLRQKDVEHHQDGGHGWR,)56WRVSHFLI\WKDW
WKH DPHQGPHQWV GR QRW DSSO\ ZKHQ WKH SDUWLHV
sharing joint control, including the reporting entity,
DUH XQGHU FRPPRQ FRQWURO RI WKH VDPH XOWLPDWH
controlling party.
 7KHDPHQGPHQWVDUHDSSOLFDEOHWRDQQXDOSHULRGV
EHJLQQLQJ RQ RU DIWHU -DQXDU\   ZLWK HDUO\
DGRSWLRQSHUPLWWHG7KH*URXSLVUHTXLUHGWRDGRSW
WKHDPHQGPHQWVE\WKHnjQDQFLDO\HDUFRPPHQFLQJ
$SULO   7KH *URXS GRHV QRW H[SHFW WKDW
WKH DGRSWLRQ RI WKH DPHQGPHQWV ZLOO KDYH DQ\
VLJQLnjFDQW LPSDFW RQ WKH FRQVROLGDWHG njQDQFLDO
statements.
G $PHQGPHQWVWR,$6DQG,$6&ODULǂFDWLRQ
of Acceptable Methods of Depreciation and
Amortisation
 ,Q 0D\  ,$6% LVVXHG DPHQGPHQWV WR ,$6
 3URSHUW\ 3ODQW DQG (TXLSPHQW DQG ,$6 
,QWDQJLEOH $VVHWV 7KH DPHQGPHQWV FODULI\ WKH
SULQFLSOHLQ,$6DQG,$6WKDWUHYHQXHUHǍHFWV
DSDWWHUQRIHFRQRPLFEHQHnjWVWKDWDUHJHQHUDWHG
IURP RSHUDWLQJ D EXVLQHVV RI ZKLFK WKH DVVHW
LV SDUW UDWKHU WKDQ WKH HFRQRPLF EHQHnjWV WKDW
DUH FRQVXPHG WKURXJK XVH RI WKH DVVHW $V D
result, a revenue-based method cannot be used
to depreciate property, plant and equipment and
may only be used in very limited circumstances to
amortise intangible assets.
 7KLV DPHQGPHQW LV DSSOLFDEOH WR DQQXDO SHULRGV
EHJLQQLQJ RQ RU DIWHU -DQXDU\   ZLWK HDUO\
DGRSWLRQSHUPLWWHG7KH*URXSLVUHTXLUHGWRDGRSW
WKHDPHQGPHQWVE\WKHnjQDQFLDO\HDUFRPPHQFLQJ
$SULO   7KH *URXS GRHV QRW H[SHFW WKDW
WKH DGRSWLRQ RI WKH DPHQGPHQWV ZLOO KDYH DQ\
VLJQLnjFDQW LPSDFW RQ WKH FRQVROLGDWHG njQDQFLDO
statements.
H ,)565HYHQXHIURP&RQWUDFWVZLWK
Customers
 ,Q 0D\  ,$6% LVVXHG VWDQGDUG ,)56 
5HYHQXH IURP &RQWUDFW ZLWK &XVWRPHUV 7KH
6WDQGDUG HVWDEOLVKHV D QHZ njYHVWHS PRGHO WKDW
ZLOO DSSO\ WR UHYHQXH DULVLQJ IURP FRQWUDFWV ZLWK
FXVWRPHUV 8QGHU ,)56  UHYHQXH LV UHFRJQLVHG
DW DQ DPRXQW WKDW UHǍHFWV WKH FRQVLGHUDWLRQ WR
ZKLFKDQHQWLW\H[SHFWVWREHHQWLWOHGLQH[FKDQJH
IRU WUDQVIHUULQJ JRRGV RU VHUYLFHV WR D FXVWRPHU
7KHSULQFLSOHVLQ,)56SURYLGHDPRUHVWUXFWXUHG
approach to measuring and recognising revenue.
7KH QHZ UHYHQXH VWDQGDUG LV DSSOLFDEOH WR DOO
HQWLWLHV DQG ZLOO VXSHUVHGH DOO FXUUHQW UHYHQXH
recognition requirements under IFRS.
 7KH HNjHFWLYH GDWH RI ,)56  LV DQQXDO SHULRGV
EHJLQQLQJ RQ RU DIWHU -DQXDU\   ZLWK HDUO\
DGRSWLRQSHUPLWWHG7KH*URXSLVUHTXLUHGWRDGRSW
WKH VWDQGDUG E\ WKH njQDQFLDO \HDU FRPPHQFLQJ
$SULO   7KH *URXS LV FXUUHQWO\ HYDOXDWLQJ
WKH UHTXLUHPHQWV RI ,)56  DQG KDV QRW \HW
GHWHUPLQHGWKHLPSDFWRQWKHFRQVROLGDWHGnjQDQFLDO
statements.
f) IFRS 16 Leases
 ,Q -DQXDU\  ,$6% LVVXHG VWDQGDUG ,)56 
/HDVHV,)56VXSHUVHGHV,$6/HDVHV,)5,&
 'HWHUPLQLQJ ZKHWKHU DQ $UUDQJHPHQW FRQWDLQV
D/HDVH6,&2SHUDWLQJ/HDVHVş,QFHQWLYHVDQG
6,& (YDOXDWLQJ WKH 6XEVWDQFH RI 7UDQVDFWLRQV
,QYROYLQJWKH /HJDO)RUPRID/HDVH7KHSUHYLRXV
DFFRXQWLQJ PRGHO IRU OHDVHV UHTXLUHG OHVVHHV DQG
OHVVRUV WR FODVVLI\ WKHLU OHDVHV DV HLWKHU njQDQFH
OHDVHV RU RSHUDWLQJ OHDVHV DQG DFFRXQW IRU WKRVH
WZRW\SHVRIOHDVHVGLNjHUHQWO\,)56LQWURGXFHV
a single lessee accounting model and requires
D OHVVHH WR UHFRJQLVH DVVHWV DQG OLDELOLWLHV IRU DOO
OHDVHVZLWKDWHUPRIPRUHWKDQPRQWKVXQOHVV
WKHXQGHUO\LQJDVVHWLVRIORZYDOXH
 7KH HNjHFWLYH GDWH RI ,)56  LV DQQXDO SHULRGV
EHJLQQLQJ RQ RU DIWHU -DQXDU\   (DUOLHU
DGRSWLRQ RI WKH 6WDQGDUG LV SHUPLWWHG LI ,)56 
5HYHQXHIURP&RQWUDFWVZLWK&XVWRPHUVLVDGRSWHG
DWRUEHIRUHWKHGDWHRILQLWLDODSSOLFDWLRQRI,)56
7KH*URXSLVUHTXLUHGWRDGRSWWKHVWDQGDUGE\WKH
njQDQFLDO\HDUFRPPHQFLQJ$SULO7KH*URXS
LV FXUUHQWO\ HYDOXDWLQJ WKH UHTXLUHPHQWV RI ,)56
DQGKDVQRW\HWGHWHUPLQHGWKHLPSDFWRQWKH
FRQVROLGDWHGnjQDQFLDOVWDWHPHQWV