8/3/2019 Accounts Presntation

1/17

Bharti Airtel LimitedBharti Airtel Limited

Annual ReportAnnual Report

20102010 -- 20112011

Aditya RijuanAditya RijuanManoj.PManoj.P SaranyaMurugesanSaranyaMurugesan Srikanth.KSrikanth.K Viswadha.UViswadha.U

8/3/2019 Accounts Presntation

2/17

Company Profile

Accounting ForManagers I - 2

Bharti Airtel is one of Asia's leading telecommunication

service providers with presence in all the 22 licensed

jurisdictions in India.

Served an aggregate of 130.69 MN customers as on March

31, 2010. 127.62 MN customers using GSM services & 3.07 MN

customers using fixed line and/or broadband (DSL) services.

Also owns 42% stake in Indus Towers Limited. They are the top

two providers of passive infrastructure services in the country.

8/3/2019 Accounts Presntation

3/17

Directors message

Accounting ForManagers I - 3

The bigger challenge for theCompany, however, is inbuilding a unified global

character embodying thehighest standards of corporate

governance that Airtel is soproud of. In the last ten months,

we have initiated synchronizedaction on multiple fronts people leadership, brandpresence and the business

eco-system.

Mr.Sunil Bharti MittalChairman and Managing Director

8/3/2019 Accounts Presntation

4/17

Annual Report

Accounting ForManagers I - 4

Balance Sheet:------- in Rs. millions-------

8/3/2019 Accounts Presntation

5/17

Annual Report cont.,

Accounting ForManagers I - 5

Balance Sheet:------- in Rs. million-------

8/3/2019 Accounts Presntation

6/17

Annual Report cont.,

Accounting ForManagers I - 8

8/3/2019 Accounts Presntation

7/17

Annual Report cont.,

Accounting ForManagers I - 9

Mar11 Mar10

Net Cash form Operating Activities

Net Cash (used in)/ form investing Activities

Net Cash (Used in)/ Financing Activities

Net (decreased)/increased in Cash and CashEquivalents

OpeningCash & Cash Equivalents

Closing cash & Cash Equivalents

12 Months 12 Months

132154.00

-190750.00

56465.00

-2131.00

3415.00

1284.00

126927.00

-106018.00

-25393.32

-4484.00

7899.00

3415.30

Cash Flow:------- in Rs. million-------

8/3/2019 Accounts Presntation

8/17

Financial Analysis

Accounting ForManagers I - 10

Wireless Customer market share leadership at 32 %.

Total minutes on network carried in Q3 143 billion.

Total employee strength 25,553.

Balance sheet strength :

(i) Assets - 56,009.10 cr.

(ii) Net Debt - 11,897.50 cr.

(iii) Net debt to EBITDA 0.21 times

8/3/2019 Accounts Presntation

9/17

Financial Statement

Accounting ForManagers I - 11

Particulars Financial Year Y-o-Y

Growth2010-11 2009-10

Gross revenue

EBITDA

Gross Assets

Earnings before taxation

Net Income

594,672

199,664

1,503,473

767,82

60,467

418,472

167,633

731,871

108,334

89,768

42%

19%

109%

-27%

-33%

------- in Rs. million.-------

8/3/2019 Accounts Presntation

10/17

Auditors Report

Accounting ForManagers I - 13

Corporate Governance:

A detailed report on Corporate Governance pursuant to therequirements of clause 49 of the listing agreement forms part of

the annual report.

A certificate from the auditors of the Company, S.R. Batliboi &Associates, Chartered Accountants, Gurgaon was issued.

8/3/2019 Accounts Presntation

11/17

Auditors Report cont.,

Accounting ForManagers I - 14

The Auditors Report, to address the issues of fraud by employeesand external parties.

The Company has taken appropriate steps including issuanceof warning letters, termination of service of the errantemployees, termination of the contract/ agreements with the

external parties, legal action against the external partiesinvolved, blacklisting the contractors, etc.

The Company is focused on further strengthening its internalcontrol systems to reduce the probability of occurrence of suchevents in future.

8/3/2019 Accounts Presntation

12/17

Auditors Report cont.,

Accounting ForManagers I - 15

We have audited the Balance Sheet of Bharti Airtel Limited asat March 31, 2011 and also the Profit & Loss account and the

cash flow statement for the year ended.

The balance sheet, profit and loss account and cash flowstatement dealt with by this report are in agreement with the

books of account.

According to the information and explanations furnished bythe management, which have been relied upon by us, therewere no frauds on or by the Company noticed or reportedduring the course of our audit.

8/3/2019 Accounts Presntation

13/17

Notes & Comments

Accounting ForManagers I - 16

The directors wish to place on record their appreciation to theDepartment of Telecommunications (DOT).

Company Bankers and business associates for the assistance,co-operation & encouragement they extended to the Co.Also to the employees for their continuing support & efforts.

The directors would also like to thank various partners viz.Bharti Telecom, Singapore Telecommunications Limited andother shareholders for their support and contribution.

The Board looks forward to their continued support in future.

8/3/2019 Accounts Presntation

14/17

Ratio Analysis

Accounting ForManagers I - 16

CURRENT RATIO:

Current Ratio = Current Asset/ Current Liabilities.

= 129492/149963

= 0.86

8/3/2019 Accounts Presntation

15/17

Ratio Analysis

Accounting ForManagers I - 16

CAPITAL TURNOVER RATIO:

Capital turnover ratio = Sales/Capital employed.

= 380158/386537

= 0.98

Where,

Capital employed = Fixed Asset + NetWorking capital.

NetWorking capital = current asset current liabilities.

= 129492 149963 = -20471.

Capital employed = 407008 20471

= 386537.

8/3/2019 Accounts Presntation

16/17

Ratio Analysis

Accounting ForManagers I - 16

NET PROFIT RATIO:

Net profit ratio = (Net Profit/Net Sales)*100.

= (334820/594672)*100.= 56.03.

RETURN ON INVESTMENT:

Return on Investment = Operating Profit/CapitalEmployed

= 133843/386573

= 0.35

8/3/2019 Accounts Presntation

17/17

Accounting ForManagers I - 17

Thank You!

Source: www.moneycontrol.com, www.airtel.in

End Of Financial Statement