Airtel 2015 Annual Report Download - page 328
Download and view the complete annual report
Please find page 328 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.-
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
NotesWRFRQVROLGDWHGnjQDQFLDOVWDWHPHQWV
326 Annual Report 2015-16
(` Millions)
Carrying Amount Fair Value
Particulars As of
March 31, 2016
As of
March 31, 2015
As of
March 31, 2016
As of
March 31, 2015
Liabilities carried at amortised cost
Borrowings designated as hedging
instruments - Fixed rate
- In hedge of net investment
Borrowings designated as hedging
instruments - Floating rate
,QFDVKǠRZKHGJH - -
- In hedge of net investment - -
2WKHUERUURZLQJVǟ[HGUDWH
2WKHUERUURZLQJVǠRDWLQJUDWH
Deferred payment liability
Trade & other payables
2WKHUǟQDQFLDOOLDELOLWLHVGHVLJQDWHG
as hedging instruments *
- In hedge of net investment - -
2WKHUǟQDQFLDOOLDELOLWLHV
1,413,525 1,166,240 1,444,147 1,186,331
5HSUHVHQWVnjQDQFHOHDVHREOLJDWLRQVDULVLQJIURPVDOHDQGOHDVHEDFNRIWRZHUVLQ$IULFD5HIHU1RWHLLDLL
Fair Values
7KH *URXS PDLQWDLQV SROLFLHV DQG SURFHGXUHV WR YDOXH
njQDQFLDO DVVHWV RU njQDQFLDO OLDELOLWLHV XVLQJ WKH EHVW DQG
most relevant data available. In addition, the Group internally
UHYLHZV YDOXDWLRQ LQFOXGLQJ LQGHSHQGHQW SULFH YDOLGDWLRQ
IRU FHUWDLQ LQVWUXPHQWV )XUWKHU LQ RWKHU LQVWDQFHV WKH
Group retains independent pricing vendors to assist in
FRUURERUDWLQJWKHYDOXDWLRQRIFHUWDLQLQVWUXPHQWV
7KH IDLU YDOXHV RI WKH njQDQFLDO DVVHWV DQG OLDELOLWLHV DUH
LQFOXGHG DW WKH DPRXQW WKDW ZRXOG EH UHFHLYHG WR VHOO DQ
DVVHWRUSDLGWRWUDQVIHUDOLDELOLW\LQDQRUGHUO\WUDQVDFWLRQ
EHWZHHQPDUNHWSDUWLFLSDQWVDWWKHPHDVXUHPHQWGDWH
7KH IROORZLQJ PHWKRGV DQG DVVXPSWLRQV ZHUH XVHG WR
HVWLPDWHWKHIDLUYDOXHV
i. Cash and short-term deposits, trade receivables,
WUDGHSD\DEOHVDQGRWKHUFXUUHQWnjQDQFLDODVVHWVDQG
liabilities approximate their carrying amounts largely
GXHWRWKHVKRUWWHUPPDWXULWLHVRIWKHVHLQVWUXPHQWV
LL /RQJWHUP nj[HGUDWH DQG YDULDEOHUDWH UHFHLYDEOHV
ERUURZLQJV DUH HYDOXDWHG E\ WKH *URXS EDVHG RQ
SDUDPHWHUVVXFKDVLQWHUHVWUDWHVVSHFLnjFFRXQWU\ULVN
IDFWRUVFUHGLWULVNDQGRWKHUULVNFKDUDFWHULVWLFV%DVHG
RQWKLVHYDOXDWLRQDOORZDQFHVDUHWDNHQWRDFFRXQWIRU
WKHH[SHFWHGORVVHVRIWKHVHUHFHLYDEOHV$VRI0DUFK
WKH FDUU\LQJ DPRXQWV RI VXFK UHFHLYDEOHV
QHWRIDOORZDQFHVDUHQRWPDWHULDOO\GLNjHUHQWIURPWKHLU
FDOFXODWHGIDLUYDOXHV
LLL )DLU YDOXH RI TXRWHG PXWXDO IXQGV LV EDVHG RQ SULFH
TXRWDWLRQVDW WKHUHSRUWLQJGDWH)DLUYDOXH RITXRWHG
QRQŞFRQYHUWLEOHERQGVLVEDVHGRQWKHTXRWHGPDUNHW
SULFHV 7KH IDLU YDOXH RI XQTXRWHG LQVWUXPHQWV ORDQV
IURP EDQNV DQG RWKHU njQDQFLDO OLDELOLWLHV REOLJDWLRQV
XQGHU njQDQFH OHDVHV DV ZHOO DV RWKHU QRQFXUUHQW
njQDQFLDO OLDELOLWLHV LV HVWLPDWHG E\ GLVFRXQWLQJ IXWXUH
FDVK ǍRZV XVLQJ UDWHV FXUUHQWO\ DYDLODEOH IRU GHEW RQ
VLPLODUWHUPVFUHGLWULVNDQGUHPDLQLQJPDWXULWLHV
LY 7KH IDLU YDOXHV RI GHULYDWLYHV DUH HVWLPDWHG E\ XVLQJ
SULFLQJ PRGHOV ZKHUH WKH LQSXWV WR WKRVH PRGHOV
DUH EDVHG RQ UHDGLO\ REVHUYDEOH PDUNHW SDUDPHWHUV
7KH YDOXDWLRQ PRGHOV XVHG E\ WKH *URXS UHǍHFW WKH
FRQWUDFWXDO WHUPV RI WKH GHULYDWLYHV LQFOXGLQJ WKH
SHULRGWRPDWXULW\DQGPDUNHWEDVHGSDUDPHWHUVVXFK
DVLQWHUHVWUDWHVIRUHLJQH[FKDQJHUDWHVDQGYRODWLOLW\
7KHVHPRGHOVGRQRWFRQWDLQDKLJKOHYHORIVXEMHFWLYLW\
as the valuation techniques used do not require
VLJQLnjFDQW MXGJHPHQW DQG LQSXWV WKHUHWR DUH UHDGLO\
REVHUYDEOHIURPDFWLYHO\TXRWHGPDUNHWSULFHV
0DUNHWSUDFWLFHLQSULFLQJGHULYDWLYHVLQLWLDOO\DVVXPHV
all counterparties have the same credit quality. Credit
YDOXDWLRQDGMXVWPHQWVDUHQHFHVVDU\ZKHQWKHPDUNHW
SDUDPHWHU IRU H[DPSOH D EHQFKPDUN FXUYH XVHG WR
YDOXHGHULYDWLYHVLVQRWLQGLFDWLYHRIWKHFUHGLWTXDOLW\RI
WKH*URXSRULWVFRXQWHUSDUWLHV 7KH *URXSPDQDJHV
GHULYDWLYH FRXQWHUSDUW\ FUHGLW ULVN E\ FRQVLGHULQJ
WKH FXUUHQW H[SRVXUH ZKLFK LV WKH UHSODFHPHQW
FRVW RI FRQWUDFWV RQ WKH PHDVXUHPHQW GDWH DV ZHOO
DV HVWLPDWLQJ WKH PD[LPXP SRWHQWLDO YDOXH RI WKH
contracts over their remaining lives, considering
VXFK IDFWRUV DV PDWXULW\ GDWH DQG WKH YRODWLOLW\ RI WKH
XQGHUO\LQJ RU UHIHUHQFH LQGH[ 7KH *URXS PLWLJDWHV