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SUB: FINANCIAL
ACCOUNTING
ANALYSIS OF
ANNUAL REPORT OF
BHARTI AIRTEL
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PROJECT DONE BY
Shubhangi Shuryavanshi (82)
Mayur Naliapara (49)Milan Pateliya (53)
Pritima Singh (77)
Avinash Naik (48)Rupesh Vora (90)
Amit Sanil (67)
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CORPORATE GOVERNANCE
OF BHARTI AIRTEL
believes in the principles of Corporate Governance
Bharti bench marks, evaluates and updates its governance
principles and guidelines from time to time in order tomaintain transparency and trustworthiness.
Company Policies are inline with SEBI guidelines
Level 1 CRISIL Rating between 2003 to 2006
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CORPORATE GOVERNANCE
OF BHARTI AIRTEL CONTuCorporate Governance practice at Bharti Airtel aim at the
following:
Complete and timely disclosure of accounting statements
Adopted a policy of rotation of auditors and also a code of
conduct for directors and senior management
Well defined corporate structure and responsibilities
attached to it
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BALANCE SHEET OF BHARTI
AIRTEL Mar ' 10 Cr. Mar ' 09 Cr.
Sources of funds
Owner's fund
Equity share capital 1,898.77 1,898.24Share application money 186.09 116.22
Preference share capital - -
Reserves & surplus 34,652.32 25,627.38
Loan funds
Secured loans 39.43 51.73
Unsecured loans 4,999.49 7,661.92
Total 41,776.1 35,355.48
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BALANCE SHEET CONTu.
Uses of funds
Fixed assets
Gross block , 1 .53 3 , 66. 0
Less : accumulated de reciation 16,1 .56 1 , 53.3
Net block ,0 .9 5,011. 3Ca ital work-in- rogress 1,59 . ,566.6
Investments 15, 3.19 11, . 6
Net current assets
Current assets, loans & advances 9,225.08 10,466.63
Inventory . 6 .15
Sundry Debtors ,10 .9 ,550.05Cas and Bank Balances 16. , 51.60
Ot er Current Assets 66.3 119. 1
Loans and Advances 6, 09. 5 , 1. 9
Less : current liabilities & rovisions 12,838.75 13,752.38
Current Liabilities 1 ,1 0 13,11
Provisions 65 . 5 63 . 0
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BALANCE SHEET CONTu.
Total net current assets -3,613.6 -3, 5. 5
Miscellaneous ex enses not written - 0.0
Total 1, 9.35 35,35 .61
Notes:
Book value of un uoted investments 11,619.95 9, 9 .56
Market value of uoted investments , 16.6 1, . 6
Contingent liabilities 3,9 1.50 ,10 . 5
Number of e uity s aresoutstanding (Lacs) 3 9 5.3 1 9 .
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RATIO COMPARISON OF IDEA AND
BHARTI AIRTEL
Ratio AIRTEL IDEA
t rofit Ratio 2 .47 8.8
O rating Ratio 28. 5 .4
R turn on ca ital inv st d 30 .1
Working ca ital turnov r ratio - 84.53 -7,355.37
Curr nt Ratio 1:1.3 1:1.03
D bt E uity Ratio 0.13:1 0.57:1
Int r st cov rag Ratio 37.77 1.11
R turn on uity 2 10
Earning r s ar 24.82 3.1
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ANALYSIS OF US AND INDIAN GAAP
(GENERALLY ACCEPTED
ACCOUNTING PRINCIPLES
INDIAN GAAP US GAAP
Cash Flow Statement: Com ulsory
only for t e listed com anies wit t e
turnover more t an 50 Crs
Cash Flow Statement: Com ulsory to
maintain it for 3 years i.e. 1 current
and receding years even if t ey are
not listed
e reciation: e reciationercentage can not go lower t an t e
s ecified y t e ovt. ut can e
ig er if disclosed in t e ooks of
accounts
e reciation: o ercentage iss ecified.
It s ould e realistic and must e
ased on t e estimation of t e life of
t e asset.
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ANALYSIS OF US AND INDIAN GAAP
(GENERALLY ACCEPTED
ACCOUNTING PRINCIPLES
INDIAN GAAP US GAAP
Format of the financial statement: It
as to be resented in 1 s ecific
format mentioned in t e com anies
Act, 1956
Format of the financial statement:
T ere is no s ecific format. As long as
t ey com ly wit t e US GAAP
disclosure re uirement
Exp. During construction period:Needs to be accumulated and t an
allocated to t e assets w en t e
roject is com leted
Exp. During construction period:Direct Ex . Can be added to t e assets
at t e end but indirect ex . Are
c arged to revenue.
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