Airtel 2015 Annual Report Download - page 73

Bharti Airtel Limited 02-39 | Corporate Overview 126-355 | Financial Statements
Statutory Reports
40-125
71
Board’s Report
V. Indebtedness
Indebtedness of the Company including interest outstanding / accrued but not due for payment
(` Millions)
Secured Loans
excluding deposits
Unsecured
Loans
Deposits Total
Indebteness
Indebtedness at the beginning of
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i) Principal Amount 19 215,678 - 215,697
ii) Interest due but not paid - - - -
iii) Interest accured but not due - 267 - 267
Total (i+ii+iii) 19 215,945 - 215,964
Change in indebtedness during
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Addition 17 306,576 - 306,593
Reduction 16 64,839 - 64,855
Net Change 1 241,737 - 241,738
Indebtedness at the end of the
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i) Principal Amount 20 457,415 - 457,435
ii) Interest due but not paid - - - -
iii) Interest accured but not due - 1,218 1,218
Total (i+ii+iii) 20 458,633 - 458,653
VI. Remuneration of Directors and Key Managerial Personnel
A. Remuneration to Managing Director, Whole-time Directors and / or Manager:
(` Millions)
Sl.
No.
Particulars of Remuneration Name of Managing Director / Whole-time
Director / Manager
Total
Amount
Mr. Sunil Bharti Mittal
Chairman
Mr. Gopal Vittal
Managing Director &
CEO (India & South Asia)
1 Gross salary
(a) Salary as per provisions contained in
Section 17(1) of the Income-tax Act, 1961
246.22 59.02 305.24
(b) Value of perquisites u/s 17(2) Income-tax
Act, 1961
11.78 0.05* 11.83
(c) 3URǟWVLQOLHXRIVDODU\XQGHU6HFWLRQ
Income-tax Act, 1961
---
2 Stock Option - 41.78* 41.78
3 Sweat Equity - - -
4 Commission - - -
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-others, specify… - - -
5 Others – PF Contribution 20.55 3.04 23.59
Total (A) 278.55 103.89 382.44
Ceiling as per the Act `0QEHLQJRI1HW3URǟWVRIWKH&RPSDQ\
calculated as per Section 198 of the Companies Act, 2013).
* Value of perquisites u/s 17 (2) Income Tax Act, 1961 does not include perquisite value of ` 41.78 Mn towards stock options exercised by Mr. Gopal
Vittal during FY 2015-16. The same has been shown separately in point no. (2).