balance sheet

Ericsson India Global Services Private LimitedStandalone Balance Sheet for period 01/04/2013 to 31/03/2014

[400100] Disclosure of general information about company

Unless otherwise specified, all monetary values are in Millions of INR01/04/2013

to 31/03/2014

01/04/2012 to

31/03/2013

Name of company Ericsson India Global Services Private Limited

Corporate identity number U72200DL2010PTC204192

Permanent account number of entity AACCE4175D

Address of registered office of company

4Th Floor, Dhaka House , 18/17 W E A Karol Bagh , New Delhi , DELHI , INDIA - 110005

Type of industry C o m m e r c i a l a n d Industrial

Date of board meeting when final accounts were approved 25/06/2014

Date of start of reporting period 01/04/2013 01/04/2012

Date of end of reporting period 31/03/2014 31/03/2013

Nature of report standalone consolidated Standalone

Content of report Balance Sheet

Description of presentation currency INR

Level of rounding used in financial statements Millions

Type of cash flow statement Indirect Method

[400400] Disclosures - Directors report

Details of directors signing board report [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INRDirectors signing board report [Axis] 01

01/04/2013 to

31/03/2014 Details of signatories of board report [Abstract] Details of directors signing board report [LineItems] Name of director signing board report [Abstract] First name of director Mats

Middle name of director Robert

Last name of director Agervi

Designation of director Managing Director

Director identification number of director 03034679

Date of signing board report 25/06/2014

2

Ericsson India Global Services Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014


to 31/03/2014

Disclosure in board of directors report explanatory [TextBlock] Textual information (1) [See below]

Details regarding energy conservation Textual information (2) [See below]

Details regarding technology absorption

The Company is taking care of latest development and a d v a n c e m e n t s i n technology and all steps are being taken to adopt the same.

Details regarding foreign exchange earnings and outgo Textual information (3) [See below]

Particulars of employees as per provisions of section 217 Textual information (4) [See below]

Disclosures in director?s responsibility statement Textual information (5) [See below]

Director's comments on qualification(s), reservation(s) or adverse remark(s) of auditors as per board's report

The observations made in the Auditors? Report are se l f - explanatory and therefore, do not call for any further comments.

Date of Board of directors' meeting in which board's report referred to under section 217 was approved

25/06/2014

3


Textual information (1)

Disclosure in board of directors report explanatory [Text Block]

DIRECTORS REPORT 2014

Dear Member,

Your Directors take pleasure in presenting their 4 Annual Report on the business and operations of the Company togetherthwith the Audited Accounts for the financial year ended 31 March, 2014. This financial year constitutes the period fromst1-04-2013 to 31-03-2014. The state of the Companys affairs is described below:

1.

Financial Results

(Rupees in Million)

Particulars For the Period from1-04-2013 to31-03-2014

For the Period from1-04-2012 to 31-03-2013

Net Income 34813 23147

Total Expenditure 27949 18908

Profit before Interest, Depreciation & Tax 6864 4239

Less: Finance Charges 0 0

Less: Depreciation 1365 878

Profit before Taxes 5499 3361

Less: Provision for Taxation 1461 1176

Add: Deferred Tax Assets 281 105

Profit After Tax* 4319 2290

Earning Per Share (in Rs) 111.16 58.94

1.1

Operating Results

Revenues for Financial Year for the period from 1 April, 2013 to 31 March, 2014 stood at INR st st 34813 million and Profit before depreciation, interest and tax stood at INR 6864 million.

4


1.2

Business Operations

Ericsson India Global Services Private Limited (EGI) is Ericssons largest and fastest growing Global Services Center (GSC) that delivers a widearray of multi-vendor and multi-technology ICT services to leading telecommunication operators around the world.

The Company supports Operators networks round the clock with a team of personnel, state-of-art tools, methods and processes.Services such as consulting and competence development aimed towards operators have also been provided to customers inIndia. To cater to the growing pre-paid and value added services market such as MMS, Unified Messaging, etc., EGI has builtcompetence locally to integrate and support these Value Added Services. However, in cases where EGI does not possess thetechnical capabilities for rendering such high end technical services, the same are procured from the Group Companies on aneed basis.

In the research and development services segment, EGI acts as a service provider to the Associate Enterprise, with insignificant risks beingundertaken. This segment is engaged in research and development of software-based solutions for telecommunication industry.

As on March 31, 2014, the Company has its presence at Noida, Gurgaon, Bangalore, Kolkata, Mumbai, Pune and Chennai. Asat March 31, 2014, Gurgaon, Kolkata and Bangalore units are located in Special Economic Zone and Noida unit which wasearlier registered under Software Technology Parks of India Scheme (STPI) had been de-registered.

2.

Subsidiary Companies

EGI is a wholly owned subsidiary of Telefonaktiebolaget LMThe company has no Indian/Foreign subsidiary company.Ericsson (LME), Sweden.

3.

Dividend

The Board of Directors of the Company does not recommend any dividend for the financial year ended on 31 March, 2014.st

4.

Reserves

Board of Directors of the Company does not recommend any amount to be carried to the Reserves for payment of Dividend.However, current year surplus would be carried forward to the General Reserve Account.

5.

Directors

5


Mr. Mats Robert Agervi, Managing Director of the Company is retiring on 30 June 2014, due to change in his roles andthresponsibilities.

Mr. Amitabh Ray was co-opted as Additional Director at the meeting of the Board of Directors held on 25 June, 2014 tothhold the office up to the date of the ensuing Annual General Meeting in terms of the provisions of Section 152 and otherrelated provisions of the Companies Act, 2013.

The candidature of Mr. Amitabh Ray is proposed as Managing Director under section 197 read with other applicableprovision of the Companies Act, 2013 effective from 1 July 2014 at this Annual General Meeting. Brief profile of Mr.stAmitabh Ray is part of Notice convening AGM.

None of the Directors and Key Managerial Personnel are interested in the resolution.

6.

Number of Board meetings

Five Board Meeting(s) were held during the period under review as on 22 April 2013, 25 June, 2013, 7 Augustnd th th2013, 28 November 2013 and lastly on 19 February 2014.th th

7.

Auditors

M/s Price Waterhouse & Co., Chartered Accountants (firm registration number FRN 304026E), who are the StatutoryAuditors of the Company, hold office, in accordance with the provisions of the Companies Act, 1956 (the Act) and nowCompanies Act 2013, and being eligible, offer themselves for re-appointment / ratification as Statutory Auditors from theconclusion of the forthcoming Annual General Meeting AGM and upto the conclusion of next AGM.

M/s Price Waterhouse & Co., Chartered Accountants (firm registration number - FRN 304026E), have expressed theirwillingness for re-appointment as the Statutory auditors and confirmed that their ratification of appointment /re-appointment, if made, will be within the prescribed limits under section 139 read with Companies (Audit & Auditors)Rules, 2014 of the Companies Act, 2013, and they are not disqualified, if re-appointed.

8.

Auditors Report

The observations made in the Auditors Report are self- explanatory and therefore, do not call for any further comments.

9.

Secretarial Audit

Pursuant to Section 204 under Companies Act 2013 read with Rule 9 of the Companies (Appointment andRemuneration of Managerial Personnel) Rules, 2014, the Secretarial Audit doesnt apply to the Company.

6


10.

Related Party Transactions

This is to share that no transaction has been entered pursuant to section 297, in which directors are interested.

11.

Particulars of Employees

A talented team of professionals is dedicated to work on IT / ITES technologies creating solutions that shape the future of theInformation and communication telecommunication (ICT) industry. Particulars required under section 217(2A) are given asper Annexure and forms parts of this report.

12.

Conservation of energy, research and development, technology absorption, foreign exchange earnings and outgo

The information pertaining to conservation of energy, technology absorption, foreign exchange earnings and outgo, asrequired under Section 134(m) of the Companies Act, 2013, read with the Companies (Accounts) Rules, 2014 is given asper Annexure and forms part of this Report.

13.

Fixed deposits

During the year under review, your Company has not accepted any deposit under Section 73 of the Companies Act, 2013,read with Companies (Acceptance of Deposits) Rules, 2014.

14.

Restriction on Company to Purchase Shares

During the period under review, the provisions under Section 67 of Companies Act, 2013 does not apply to the Company.

15.

Risk Management

7


Your Compnay has detailed mechanism of Risk Management. Companys Business Continuity Management (BCM)framework describes the overall company-wide Crisis Management Plan (CMP) that will be triggered based on decisiontaken in a crisis situation. The document outlines:

who is part of the team,

what are their roles and

what needs to be done to prevent business continuity risks.

The BCM framework also consider following aspects of crisis / distruptions:

a. Company perspective

b. Location perspective, &

c. Account perspective,

a) BCP Status Company view

BCP Framework EGI and Crisis Management Plan prepared and reviewed by security team and approved by CTO.

b) BCP Status Location & Account / Functional view across locations

Business Continuity Plans Prepared and approved by Account Head

Location Crisis Management and BCP teams training

Testing for critical functions as per Schedule

c) :BCP Status Customer view

All important Customers Account being tested by Internal Auditors followed by independent audit.

16.

Corporate Social Responsibility

Pursuant to the provision of Section 135 read with Companies (Corporate Social ResponsibilityPolicy) Rules, 2014, CSR committee was consititued by Board of Directors in their meeting held on24 April 2014 as its sub-committee and terms of Refernce for the Committee are set out below.th

The Board is responsible for constituting, assigning, co-opting and fixing terms of service for the Committee Members anddelegates these powers to the Committees, as per requirements. Recommendations of the Committees are submitted to theBoard of Directors for approval. CSR policy is under formulation and shall be presented to Board during the FY 2014-15.

CSR COMMITTEE

Members :

8


1. Mr. Mats Robert Agervi, Managing Director : MD, Chairman

2. Mr. Debasish Roy Chowdhury, WTD : Director Member

3. Mr. Abhay Vaish, WTD : Director Member

4. Mr. Bharat Bandhu, Head Company Control : Executive Member

5. Ms. Sonia Aplin, Head-IC : Executive Member

6. Mr. Amit Shankar Kashyap, CS : Committee Secretary

Terms of reference:

A ) M e m b e r s h i p

The members of the EGI CSR Committee shall be appointed by the Board of Directors and shallcomprise at least three directors from amongst the management of the Company and shall in totalconsist of maximum 8 (eight) members, at most.

The EGI CSR Committee may invite any other person to advise and/or to join meetings of the EGICSR Committee when required notwithstanding that they are not members of the EGI CSRCommittee.

B) Chairman

The Chairman to the Board of Directors shall be appointed as the Chairman of the EGI CSRCommittee (the Chairman). The EGI CSR Committee shall work under the guidance of itsChairman. The Chairman shall also represent the Committee when it is not assembled.

In the absence of the EGI CSR Committee Chairman, the members present shall elect one ofDirector present to chair the meeting.

C) Quorum

The valid quorum for the CSR Committee meetings shall be three (3) members. A duly convenedmeeting of the EGI CSR Committee at which a quorum is present shall be competent to exerciseall or any of the authorities, powers and discretions vested in or exercisable by the EGI CSRCommittee.

D) Attendance at Meetings

a. No one other than the EGI CSR Committee Chairman and other Committee members isentitled to be present or vote at a meeting of the EGI CSR Committee.

9


b. Should any Committee Member be absent from duly called meetings without sending aleave of absence, for three (3) consecutive meetings, recommendations will be made tothe Board of Directors for that member to be replaced.

c.

The Chairman of the Company, Director, any head or executive and any other member of senior management may becalled upon or shall be able to speak at any meeting of the EGI CSR Committee by prior permission of the Chairman.

E) Secretary

The Secretary of the Company shall be the Secretary of the EGI CSR Committee and shallkeep records of proceedings, membership and the dates of any changes to the membership ofthe EGI CSR Committee.

F) Frequency of Meetings

Meetings shall be held at such times as the EGI CSR Committee deems appropriate, and inany event shall be held not less than four (4) times a year.

G) Proceedings

i. Meetings of the EGI CSR Committee shall be prepared by the Secretary of the EGI CSRCommittee at the request of the Chairman or any member thereof.

ii. The Secretary to the EGI CSR Committee shall record the proceedings and resolutions ofmeetings of the EGI CSR Committee and shall circulate the minutes of such meetings toall members of the EGI CSR Committee.

H) Authority

i. The EGI CSR Committee is authorised by the Board to take advise on any matter related toCSR policy or any other matter within its Terms of Reference.

ii. The EGI CSR Committee is authorised by the Board, to obtain external professional adviceand to secure the attendance of third parties with relevant experience and expertise atmeetings of the EGI CSR Committee, if it considers this necessary.

iii. The Committee shall produce an Annual Budget before the beginning of each financial year for

10


all its ensuing CSR activities, for approval by the Board. All financial activities handled bythe Committee will therefore be assessed within such budget.

I) Duties and Responsibilities

The responsibilities of the EGI CSR Committee shall be :

i. To review, agree, establish the Companys EGI CSR Policy and its implementation practice inIndia, in compliance to the provisions of the section 135 of the Companies Act, 2013 readwith the Companies (CSR Policy) Rules, 2014 and recommend the same for the approvalof the Board;

ii. To develop, and recommend for acceptance by the Board, policies on all aspects of formulateEGI CSR Policy including the relating to the activities to beprojects and programsundertaken by the Company as specified in Schedule VII of the Companies Act, 2013 andother EGI CSR-related matters as may be determined by the EGI CSR Committee fromtime to time;

iii. To prepare its budget and recommend the amount of expenditure to be incurred on theactivities referred to in the EGI CSR policy as per the provisions of the Companies Act2013;

iv. To recommend to the Board and seek approval for the modalities of utilization of funds;

v. To monitor and report to the Board the compliance with the EGI CSR policy and to reviewperformance against agreed targets.

vi. To display the Companys CSR activities and Policy on the Company website.

vii. To consider other topics, pertaining to the CSR Policy as referred to it by the Board.

J) Reporting Procedures

The EGI CSR Committee shall:

i. Report to the Board on its proceedings after each meeting on all matters within the scope of itsduties and responsibilities.

ii. Make whatever recommendations to the Board as it deems appropriate on any area within itsremit where action or improvement is required.

11


iii. Report on its responsibilities and activities during the year in EGI CSR Report to be publishedat the same time as the Companys Annual Report.

iv. Publicise its activities and success stories on the Company Website.

17.

Directors Responsibility Statement

Pursuant to Section 134(5) of the Companies Act, 2013, your Directors state that:

(a) in the preparation of the annual accounts, the applicable accounting standards

had been followed along with proper explanation relating to material departures;

(b) the directors had selected such accounting policies and applied them consistently and made judgments andestimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the companyat the end of the financial year and of the profit and loss of the company for that period;

(c) the directors had taken proper and sufficient care for the maintenance of adequate accounting records inaccordance with the provisions of this Act for safeguarding the assets of the company and for preventing anddetecting fraud and other irregularities;

(d) the directors had prepared the annual accounts on a going concern basis; and

(e) the directors had devised proper systems to ensure compliance with the provisions of all applicable laws and thatsuch systems were adequate and operating effectively.

Conclusion

Your Directors place on record their appreciation for the overwhelming co-operation and assistance received from customers,employees, vendors, as well as regulatory and government authorities.

Your Directors propose to drive the business endeavours with greater optimism and confidence.

For and on behalf of the Board of Directors

Ericsson India Global Services Pvt. Limited

12


Place

: Gurgaon

Date

: 25/06/2014

Mats Agervi

Chairman

ANNEXURE

Information as per Section 134 of the Companies Act, 2013, read with the Companies (Account) Rules, 2014 and forming part of the DirectorsReport for the period from 1 April 2013 to 31 March, 2014:st st

A

Conservation ofEnergy

The operational activity of the company does notinvolve large energy consumption. In any case,conservation of energy is considered to be apriority and therefore ensuring minimumconsumption by way of better energy conservationprograms, training/ awareness of the employees,layout of machines and prompt upkeep is acontinuous exercise.

B TechnologyAbsorption

The Company is taking care of latest developmentand advancements in technology and all steps arebeing taken to adopt the same.

C Foreign ExchangeEarning and Out Go

For the period from1-04-2013 to31-03-2014

For the period from1-04-2012 to31-03-2013

(Rs. In millions)

1 ForeignExchangeEarning

31,004 20,053

2 ForeignExchangeOutgo:

a.

Assets 47 111

b.

Travelling - 1

c.

Training 203 91

d.

Technical 3,095 2,025

13


Others

- 4

For and on behalf of the Board of Directors

Ericsson India Global Services Pvt. Limited

Place

: Gurgaon

Date

: 25 June 2014th

Mats Agervi

Chairman

NOTICE OF THE ANNUAL GENERAL MEETING

Notice is hereby given that the Fourth Annual General Meeting of the Members of Ericsson India Global Services Private Limited willbe held on Thursday, 21 August, 2014 at 04.00 p.m. at 4 Floor, Dhaka House, 18/17 W.E.A., Pusa Lane, Karol Bagh, Newst thDelhi, India to transact the following businesses:-

ORDINARY BUSINESS

1.

To receive, consider and adopt the audited Financial Statements of the company for the financial year ended on 31 March, 2014, the reports ofstthe Board of Directors and Auditors thereon and in this regard to consider and if thought fit, to pass, with or without modification(s), thefollowing resolution as an Ordinary Resolution :

RESOLVED THAT

the audited Financial Statements of the company for the financial year ended 31 March, 2014, the reports of the Board ofstDirectors and Auditors thereon be and are hereby considered and adopted.

2.

To appoint Statutory Auditors and fix their remuneration and in this regard to consider and if thought fit, to pass, with or without modification(s),the following resolution as an Ordinary Resolution :

RESOLVED THAT

M/s Price Waterhouse & Co., Chartered Accountants (Registration no. FRN304026E) be and are hereby appointed as Statutory Auditors of theCompany to hold office from the conclusion of this Annual General Meeting till the conclusion of next Annual General Meeting of the company

14


at such remuneration as may be decided by the Board of Directors of the Company

SPECIAL BUSINESS

3.

To appoint Mr. Amitabh Ray (DIN 00465936) as Director of the company and confirm his appointment as Managing Director with effect from1 July, 2014, on the terms and conditions and remuneration as approved by the Board and in this regard to consider and if thought fit, to pass,stwith or without modification(s), the following resolution as an Ordinary Resolution :

RESOLVED THAT

Mr. Amitabh Ray (DIN 00465936), who was appointed as an Additional Director on 25 June, 2014 by the Board under Section 161 of thethCompanies Act, 2013 and who holds office upto the date of this Annual General meeting in respect of whom the company has received a noticeunder section 160 of the Companies Act, 2013 alongwith a deposit of requisite amount from Mr. Amitabh Ray proposing under his handsignifying his candidature as a Director be and is hereby appointed as Director of the Company and his appointment as Managing Director of thecompany with effect from 1 July, 2014, on the terms and conditions and remuneration as approved by the Board be and is hereby furtherstapproved and confirmed.

By order of the Board of Directors

For Ericsson India Global Services Private Limited

Amit Shankar Kashyap

Company Secretary

Place: Gurgaon

Date: 25 June 2014th

Notes:

1.

A MEMBER ENTITLED TO ATTEND AND VOTE AT THIS ANNUAL GENERAL MEETING MAY APPOINT A PROXY TOATTEND AND VOTE ON A POLL ON HIS BEHALF. A PROXY NEED NOT BE A MEMBER OF THE COMPANY. PROXIES INORDER TO BE EFFECTIVE, MUST BE RECEIVED AT THE REGISTERED OFFICE OF THE COMPANY, NOT LESS THANFORTY-EIGHT HOURS BEFORE THE COMMENCEMENT OF THIS ANNUAL GENERAL MEETING.

15


2. The Explanatory Statement under section 102 of the Companies Act, 2013 relating to special business to be transacted at the meeting isattached herewith.

3. Members desirous of getting any information about the accounts and operations of the Company are requested to submittheir queries addressed to the Company Secretary at least 7 days in advance of the meeting so that the information calledfor can be made available at the meeting.

4. Corporate Memebers intending to send their authorised representatives to attend the meeting are requested to send to thecompany a certified copy of the Board resolution authorising their representative to attend and vote on their behalf at themeeting.

5. Relevant documents referred to in the accompanying Notice and the Statement are open for inspection by the members ofthe Company at the Registered Office of the company on all working days except Saturdays, during business hours up tothe date of meeting.

6. Particulars of Directors to be appointed/ re-appointed/ regularized at the Annual General Meeting:

(I) Mr. Amitabh Ray

Mr. Amitabh Ray (DIN 00465936), aged 51 years, is Additional Director of the Company. With more than 20 years ofexperience, Amitabh brings a combination of excellent technology competency and mature understanding of globalbusiness and economic issues. He has worked on corporate strategy, management consulting, program &engagement management, change management & systems integration for large multinational companies in India andabroad.

Prior to joining Ericsson, Amitabh worked as Vice President IBM Global delivery. He also worked as a Partner in PwCwhere he headed the three largest strategic business units (SBU) including Global Offshore Center.

The Board of Directors recommends his re-appointment. None of the other Directors except Mr. Amitabh Ray is concerned orinterested in this resolution.

ANNEXURE TO THE NOTICE

EXPLANATORY STATEMENT

(Pursuant to the Provisions of Section 102 of the Companies Act, 2013)

The following explanatory statement set out all material facts relating to the business mentionedhereunder:

Item No. 3:

Pursuant to the provisions of section 161(1) of the Companies Act, 2013 and the Articles of Association of theCompany, the Board of Directors of the company appointed Mr. Amitabh Ray as an Additional Director of theCompany with effect from 25 June, 2014 and further appointed as Managing Director w.e.f. 1 July, 2014 atth stremuneration and terms & conditions as approved by the Board, is proposed to be confirmed at this AnnualGeneral Meeting.

16


In terms of the provisions of section 161(1) of the Companies Act, 2013, Mr. Amitabh Ray, would hold office up tothe date of the ensuing Annual General Meeting.

The Company has received a notice from Mr. Amitabh Ray alogwith a deposit of requisite amount under Section160 of the Act, proposing under his hand signifying his candidature as a director for the office of Director of thecompany.

Mr. Amitabh Ray is not disqualified from being appointed as a Director in terms of section 164 of the Act and hasgiven his consent to act as a Director.

Brief resume of Mr. Amitabh Ray, nature of his expertise in specific functional areas and name of companies inwhich he holds directorships and memberships, shareholding and relationship between directors has beenmentioned in Note no. 6 to the Notice of AGM.

The Board of Directors of the Company recommends his appointment as a Director of the company.

None of the Directors except Mr. Amitabh Ray is interested in the said Resolution.

By order of the Board of Directors

For Ericsson India Global Services Private Limited


Company Secretary

Place: Gurgaon

Date: 25 June 2014th


Details regarding energy conservationThe operational activity of the company does not involve large energy consumption. In any case, conservation of energy is considered to be apriority and therefore ensuring minimum consumption by way of better energy conservation programs, training/ awareness of the employees,layout of machines and prompt upkeep is a continuous exercise.

17



Details regarding foreign exchange earnings and outgoInformation as per Section 134 of the Companies Act, 2013, read with the Companies (Account) Rules, 2014 and forming part of the DirectorsReport for the period from 1st April 2013 to 31st March, 2014: A) Conservation of EnergyThe operational activity of the company does notinvolve large energy consumption. In any case, conservation of energy is considered to be a priority and therefore ensuring minimumconsumption by way of better energy conservation programs, training/ awareness of the employees, layout of machines and prompt upkeep is acontinuous exercise. B) Technology Absorption The Company is taking care of latest development and advancements in technology and all stepsare being taken to adopt the same. C Foreign Exchange Earning and Out Go ParticularsFor the period from 1-04-2013 to 31-03-2014 For theperiod from 1-04-2012 to 31-03-2013 (Rs. In millions) Foreign Exchange Earning31, 00420,053 Foreign Exchange Outgo: a. Assets47111 b.Travelling-1 c. Training20391 d. Technical3,0952,025 Others -4


Particulars of employees as per provisions of section 217Information Pursuant to Section 217(2A) of the Companies Act,1956 read with the Companies (Particulars of Employees) Rules, 1975 andforming part of the Directors' Report for the year ended 31st March, 2013. Employed throughout the year and were in receipt of remuneration forthe year which, in the aggregate, was not less than Rs. Sixty lacs or Employed for a part of the financial year was in receipt of remuneration fora.ny part of the year which in the aggregate, was not less than five lacs . Financial Year : 2013-14 ( Amount : In Millions) Name of the Employee(Age) Designation / Nature of Duties Gross Remuneration ` Qualification(s) Experience (Years) Date of Commencement of EmploymentParticulars of Previous Employment Abhay Kumar VaishWholetime director13ProfessionalNA16-06-2010NA Debasish Roy ChowdhuryWholetime director18ProfessionalNA25-10-2010NA Amitabh RayWholetime director25ProfessionalNA16-06-2010NA Mats Robert AgerviManaging director34ProfessionalNA02.07.2010NA


Disclosures in director?s responsibility statementPursuant to Section 134(5) of the Companies Act, 2013, your Directors state that: (a) in the preparation of the annual accounts, the applicableaccounting standards had been followed along with proper explanation relating to material departures; (b) the directors had selected suchaccounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fairview of the state of affairs of the company at the end of the financial year and of the profit and loss of the company for that period; (c) thedirectors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act forsafeguarding the assets of the company and for preventing and detecting fraud and other irregularities; (d) the directors had prepared the annualaccounts on a going concern basis; and (e) the directors had devised proper systems to ensure compliance with the provisions of all applicablelaws and that such systems were adequate and operating effectively.

18


[400200] Disclosures - Auditors report

Details regarding auditors [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INRAuditors [Axis] 1

01/04/2013 to

31/03/2014 Details regarding auditors [Abstract] Details regarding auditors [LineItems] Category of auditor Auditors firm

Name of audit firm Price Waterhouse &Co

Name of auditor signing report Harinderjit Singh

Firms registration number of audit firm 304026E

Membership number of auditor 86994

Address of auditors Building 8, 7ThFloor, Tower B,Dlfcyber City

Permanent account number of auditor or auditor's firm AAHFP0187A

SRN of form 23B S26083907

Date of signing audit report by auditors 25/06/2014

Date of signing of balance sheet by auditors 25/06/2014

19


Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR

Auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Axis]Auditor's

favourable remark[Member]

Clause notapplicable[Member]

01/04/2013 to

31/03/2014

01/04/2013 to

31/03/2014 Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Abstract] Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [LineItems]

Disclosure in auditors report relating to fixed assets

The Company ismaintaining properrecords showing fullparticulars, includingquantitative detailsand situation, offixed assets.

Disclosure relating to quantitative details of fixed assets

The Company ismaintaining properrecords showing fullparticulars, includingquantitative detailsand situation, offixed assets.

Disclosure relating to physical verification and material discrepancies of fixed assets

Textual information(6) [See below]

Disclosure relating to fixed assets disposed off

In our opinion, andaccording to theinformation andexplanations givento us, a substantialpart of fixed assetshas not beendisposed off by theCompany during theyear.

Disclosure in auditors report relating to inventories

The Company is inthe business ofrendering services,and consequently,does not hold anyinventory. Therefore,the provisions ofClause 4 (ii) of thesaid Order are notapplicable to thecompany.

Disclosure of physical verification of inventories at fixed intervals


Disclosure of procedure followed for physical verification of inventories


20


Disclosure about maintenance of inventory records and material discrepancies


Disclosure in auditors report relating to loans Textual information(7) [See below]

Disclosure about loans granted or taken by parties covered under section 301 of companies act


Disclosure regarding terms and conditions of loans granted or taken Textual information(9) [See below]

Disclosure regarding terms of payment of loans granted or taken Textual information(10) [See below]

Disclosure regarding terms of recovery of loans granted or taken Textual information(11) [See below]

Disclosure in auditors report relating to internal control system Textual information(12) [See below]

Disclosure in auditors report relating to contracts and arrangements under section 301 of companies act

According to theinformation andexplanations givento us, there havebeen no contracts orarrangements thatneed to be entered inthe registermaintained underSection 301 of theAct.

Disclosure relating to presence of register for necessary transactions

According to theinformation andexplanations givento us, there havebeen no contracts orarrangements thatneed to be entered inthe registermaintained underSection 301 of theAct.

Disclosure relating to reasonability of transactions Textual information(13) [See below]

Disclosure in auditors report relating to deposits accepted from public

The Company hasnot accepted anydeposits from thepublic within themeaning of Sections58A and 58AA ofthe Act and the rulesframed there under.

Disclosure in auditors report relating to companies internal audit system

In our opinion, theinternal audit systemof the Company iscommensurate withits size and nature ofbusiness. However,the scope of internalaudit requiresstrengthening interms of additionalareas.

Disclosure in auditors report relating to maintenance of cost records Textual information(14) [See below]

Disclosure in auditors report relating to statutory dues Textual information(15) [See below]

Disclosure relating to regularity in payment of undisputed statutory dues Textual information(16) [See below]

Disclosure relating to disputed statutory dues Textual information(17) [See below]

21


Disclosure in auditors report relating to accumulated losses

As the Company isregistered for aperiod less than fiveyears, the provisionof clause 4(x) of theOrder are notapplicable to theCompany.

Disclosure in auditors report relating to default in repayment of financial dues Textual information(18) [See below]

Disclosure in auditors report relating to loans and advances granted by way of pledge of shares debentures and other securities


Disclosure in auditors report relating to provisions under special statute Textual information(20) [See below]

Disclosure relating to net owned fund to deposit liability ratio Textual information(21) [See below]

Disclosure relating to income recognition and provisioning against assets Textual information(22) [See below]

Disclosure relating to credit appraisal procedure Textual information(23) [See below]

Disclosure relating to repayment schedule and procedure of recovery Textual information(24) [See below]

Disclosure in auditors report relating to adequacy of records maintained by share trading companies


Disclosure in auditors report relating to guarantee given Textual information(26) [See below]

Disclosure in auditors report relating to term loans used for purpose other than for purpose they were raised

The Company hasnot raised any termloans. Accordingly,the provisions ofClause 4(xvi) of theOrder are notapplicable to theCompany.

Disclosure in auditors report relating to nature and amount of fund raised for short-term has been used for long-term or vice versa

The Company hasnot raised any loanson short term basis.Accordingly, theprovisions of Clause4(xvii) of the Orderare not applicable tothe Company.

Disclosure in auditors report relating to preferential allotment of shares Textual information(27) [See below]

Disclosure in auditors report relating to securities created against debentures issued


Disclosure in auditors report relating to purpose and end use of money raised through public issues

The Company hasnot raised anymoney by publicissues during theyear. Accordingly,the provisions ofClause 4(xx) of theOrder are notapplicable to theCompany.

Disclosure in auditors report relating to any material fraud reported during period Textual information(29) [See below]


to 31/03/2014

Disclosure in auditor?s report explanatory [TextBlock] Textual information (30) [See below]

Whether companies auditors report order is applicable on company Yes

Whether auditors' report has been qualified or has any reservations or contains adverse remarks

No

22



Disclosure relating to physical verification and material discrepancies of fixed assets(b) The fixed assets are physically verified by the Management according to a phased programme designed to cover all the items over a period ofthree years which, in our opinion, is reasonable having regard to the size of the Company and the nature of its assets. Pursuant to the programme,a portion of the fixed assets has been physically verified by the Management during the year and no material discrepancies have been noticed onsuch verification.


Disclosure in auditors report relating to loansThe Company has not granted/taken any loans, secured or unsecured, to companies, firms or other parties covered in the register maintained underSection 301 of the Act. Therefore, the provisions of Clause 4(iii) (b), (c) and (d)/ (f) and (g) of the said Order are not applicable to the company


Disclosure about loans granted or taken by parties covered under section 301 of companies actThe Company has not granted/taken any loans, secured or unsecured, to companies, firms or other parties covered in the register maintained underSection 301 of the Act. Therefore, the provisions of Clause 4(iii) (b), (c) and (d)/ (f) and (g) of the said Order are not applicable to the company


Disclosure regarding terms and conditions of loans granted or takenThe Company has not granted/taken any loans, secured or unsecured, to companies, firms or other parties covered in the register maintained underSection 301 of the Act. Therefore, the provisions of Clause 4(iii) (b), (c) and (d)/ (f) and (g) of the said Order are not applicable to the company


Disclosure regarding terms of payment of loans granted or takenThe Company has not granted/taken any loans, secured or unsecured, to companies, firms or other parties covered in the register maintained underSection 301 of the Act. Therefore, the provisions of Clause 4(iii) (b), (c) and (d)/ (f) and (g) of the said Order are not applicable to the company


Disclosure regarding terms of recovery of loans granted or takenThe Company has not granted/taken any loans, secured or unsecured, to companies, firms or other parties covered in the register maintained underSection 301 of the Act. Therefore, the provisions of Clause 4(iii) (b), (c) and (d)/ (f) and (g) of the said Order are not applicable to the company


Disclosure in auditors report relating to internal control systemIn our opinion , and according to the information and explanations given to us, there is an adequate internal control system commensurate withthe size of the Company and the nature of its business for the purchase of fixed assets and for the sale of services. Further, on the basis of ourexamination of the books and records of the Company, and according to the information and explanations given to us, we have neither comeacross, nor have been informed of, any continuing failure to correct major weaknesses in the aforesaid internal control system.

23



Disclosure relating to reasonability of transactionsIn our opinion, and according to the information and explanations given to us, there are no transactions made in pursuance of such contracts orarrangements exceeding the value of Rupees Five Lakhs in respect of any party during the year.


Disclosure in auditors report relating to maintenance of cost recordsThe Central Government of India has not prescribed the maintenance of cost records under clause (d) of sub-section (1) of Section 209 of the Actfor any of the products of the Company.


Disclosure in auditors report relating to statutory duesAccording to the information and explanations given to us and the records of the Company examined by us, in our opinion, the Company isregular in depositing undisputed statutory dues including provident fund, investor education and protection fund, employee?s state insurance,income tax, sales tax, wealth tax, service tax , customs duty, excise duty and other material statutory dues, as applicable, with the appropriateauthorities.


Disclosure relating to regularity in payment of undisputed statutory duesAccording to the information and explanations given to us and the records of the Company examined by us, in our opinion, the Company isregular in depositing undisputed statutory dues including provident fund, investor education and protection fund, employee?s state insurance,income tax, sales tax, wealth tax, service tax , customs duty, excise duty and other material statutory dues, as applicable, with the appropriateauthorities.


Disclosure relating to disputed statutory duesAccording to the information and explanations given to us and the records of the Company examined by us, there are no dues of income-tax,sales-tax, wealth tax , service-tax, customs duty, and excise duty which have not been deposited on account of any dispute.


Disclosure in auditors report relating to default in repayment of financial duesAs the company does not have any borrowing from any financial institution or bank nor has it issued any debentures as at the balance sheet date,the provision of Clause 4(xi) of the Order not applicable to the Company.


Disclosure in auditors report relating to loans and advances granted by way of pledge of shares debentures and othersecurities

The Company has not granted any loans and advances on the basis of security by way of pledge of shares, debentures and other securities.Therefore, the provisions of Clause 4(xii) of the Order are not applicable to the Company

24



Disclosure in auditors report relating to provisions under special statuteAs the provisions of any special statute applicable to chit fund/ nidhi / mutual benefit fund/ societies are not applicable to the Company, theprovisions of Clause 4(xiii) of the Order are not applicable to the Company.


Disclosure relating to net owned fund to deposit liability ratioAs the provisions of any special statute applicable to chit fund/ nidhi / mutual benefit fund/ societies are not applicable to the Company, theprovisions of Clause 4(xiii) of the Order are not applicable to the Company.


Disclosure relating to income recognition and provisioning against assetsAs the provisions of any special statute applicable to chit fund/ nidhi / mutual benefit fund/ societies are not applicable to the Company, theprovisions of Clause 4(xiii) of the Order are not applicable to the Company.


Disclosure relating to credit appraisal procedureAs the provisions of any special statute applicable to chit fund/ nidhi / mutual benefit fund/ societies are not applicable to the Company, theprovisions of Clause 4(xiii) of the Order are not applicable to the Company.


Disclosure relating to repayment schedule and procedure of recoveryAs the provisions of any special statute applicable to chit fund/ nidhi / mutual benefit fund/ societies are not applicable to the Company, theprovisions of Clause 4(xiii) of the Order are not applicable to the Company.


Disclosure in auditors report relating to adequacy of records maintained by share trading companiesIn our opinion, the Company is not dealing in or trade in shares, securities, debentures and other investments. Accordingly, the provisions ofClause 4(xiv) of the Order are not applicable to the Company.


Disclosure in auditors report relating to guarantee givenIn our opinion, and according to the information and explanations given to us, the Company has not given any guarantee for loans taken by othersfrom banks or financial institutions during the year. Accordingly, the provisions of Clause 4(xv) of the Order are not applicable to the Company.


Disclosure in auditors report relating to preferential allotment of sharesThe Company has not made any preferential allotment of shares to parties and companies covered in the register maintained under Section 301 ofthe Act during the year. Accordingly, the provisions of Clause 4(xviii) of the Order are not applicable to the Company.

25



Disclosure in auditors report relating to securities created against debentures issuedThe Company has not issued any debentures during the year and does not have any debentures outstanding as at the beginning of the year and atthe year end. Accordingly, the provisions of Clause 4(xix) of the Order are not applicable to the Company.


Disclosure in auditors report relating to any material fraud reported during periodDuring the course of our examination of the books and records of the Company, carried out in accordance with the generally accepted auditingpractices in India , and according to the information and explanations given to us, we have neither come across any instance of material fraud onor by the Company, noticed or reported during the year, nor have we been informed of any such case by the Management.

26



Disclosure in auditor?s report explanatory [Text Block]

INDEPENDENT AUDITORS REPORT

To the Members of Ericsson India Global Services Private Limited

Report on the Financial Statements

1. We have audited the accompanying financial statements of Ericsson India Global Services Private Limited (the Company),which comprise the Balance Sheet as at March 31, 2014, and the Statement of Profit and Loss and Cash Flow Statement forthe year then ended, and a summary of significant accounting policies and other explanatory information, which we havesigned under reference to this report.

Managements Responsibility for the Financial Statements

2. The Companys Management is responsible for the preparationof these financial statements that give a true and fair view ofthe financial position, financial performance and cash flows of the Company in accordance with the Accounting Standardsnotified under the Companies Act, 1956 (the Act) read with the General Circular 15/2013 dated September 13, 2013 of theMinistry of Corporate Affairs in respect of Section 133 of the Companies Act, 2013.This responsibility includes the design,implementation and maintenance of internal control relevant to the preparation and presentation of the financial statements thatgive a true and fair view and are free from material misstatement, whether due to fraud or error.

Auditors Responsibility

3. Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit inaccordance with the Standards on Auditing and other applicable authoritative pronouncements issued by the Institute ofChartered Accountants of India. Those Standards require that we comply with ethical requirements and plan and perform theaudit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

4. An audit involves performing procedures to obtain audit evidence, about the amounts and disclosures in the financialstatements. The procedures selected depend on the auditors judgment, including the assessment of the risks of materialmisstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditorsconsider internal control relevant to the Companys preparation and fair presentation of the financial statements in order todesign audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on theeffectiveness of the entitys internal control. An audit also includes evaluating the appropriateness of accounting policies usedand the reasonableness of the accounting estimates made by Management, as well as evaluating the overall presentation of thefinancial statements.

5. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Opinion

6. In our opinion, and to the best of our information and according to the explanations given to us, the accompanying financialstatements give the information required by the Act in the manner so required and give a true and fair view in conformity withthe accounting principles generally accepted in India:

(a) in the case of the Balance Sheet, of the state of affairs of the Company as at March 31, 2014;

(b) in the case of the Statement of Profit and Loss, of the profit for the year ended on that date; and

(c) in the case of the Cash Flow Statement, of the cash flows for the year ended on that date.

Report on Other Legal and Regulatory Requirements

7. As required by the Companies (Auditors Report) Order, 2003, as amended by the Companies (Auditors Report) (Amendment)

27


Order, 2004, issued by the Central Government of India in terms of sub-section (4A) of section 227 of the Act (hereinafterreferred to as the Order), and on the basis of such checks of the books and records of the Company as we consideredappropriate and according to the information and explanations given to us, we give in the Annexure a statement on the mattersspecified in paragraphs 4 and 5 of the Order.

8. As required by section 227(3) of the Act, we report that:

(a) We have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary forthe purpose of our audit;

(b) In our opinion, proper books of account as required by law have been kept by the Company so far as appears from ourexamination of those books;

(c) The Balance Sheet, Statement of Profit and Loss, and Cash Flow Statement dealt with by this Report are in agreementwith the books of account;

(d) In our opinion, the Balance Sheet, Statement of Profit and Loss, and Cash Flow Statement dealt with by this report complywith the Accounting Standards notified under the Companies Act, 1956 read with the General Circular 15/2013 datedSeptember 13, 2013 of the Ministry of Corporate Affairs in respect of Section 133 of the Companies Act, 2013;

(e) On the basis of written representations received from the directors as on March 31, 2014, and taken on record by the Boardof Directors, none of the directors is disqualified as on March 31, 2014, from being appointed as a director in terms ofclause (g) of sub-section (1) of section 274 of the Act.

For Price Waterhouse & Co.

Firm Registration Number: 304026E

Chartered Accountants

Harinderjit Singh

Place: Gurgaon Partner

Date: June 25, 2014 Membership Number: 086994

Annexure to Independent Auditors Report

Referred to in paragraph 7 of the Independent Auditors Report of even date to the members of Ericsson India Global ServicesPrivate Limited on the financial statements as of and for the year ended March 31, 2014

i. (a) The Company is maintaining proper records showing full particulars, including quantitative details and situation, of fixedassets.

(b) The fixed assets are physically verified by the Management according to a phased programme designed to cover all theitems over a period of three years which, in our opinion, is reasonable having regard to the size of the Company and thenature of its assets. Pursuant to the programme, a portion of the fixed assets has been physically verified by theManagement during the year and no material discrepancies have been noticed on such verification.

(c) In our opinion, and according to the information and explanations given to us, a substantial part of fixed assets has notbeen disposed off by the Company during the year.

28


ii. The Company is in the business of rendering services, and consequently, does not hold any inventory. Therefore, theprovisions of Clause 4 (ii) of the said Order are not applicable to the company.

iii. The Company has not granted/taken any loans, secured or unsecured, to companies, firms or other parties covered in theregister maintained under Section 301 of the Act. Therefore, the provisions of Clause 4(iii) (b), (c) and (d)/ (f) and (g) ofthe said Order are not applicable to the company.

iv In our opinion , and according to the information and explanations given to us, there is an adequate internal controlsystem commensurate with the size of the Company and the nature of its business for the purchase of fixed assets and forthe sale of services. Further, on the basis of our examination of the books and records of the Company, and according tothe information and explanations given to us, we have neither come across, nor have been informed of, any continuingfailure to correct major weaknesses in the aforesaid internal control system.

v. (a) According to the information and explanations given to us, there have been no contracts or arrangements that need to beentered in the register maintained under Section 301 of the Act.

(b) In our opinion, and according to the information and explanations given to us, there are no transactions made in pursuanceof such contracts or arrangements exceeding the value of Rupees Five Lakhs in respect of any party during the year.

vi. The Company has not accepted any deposits from the public within the meaning of Sections 58A and 58AA of the Actand the rules framed there under.

vii. In our opinion, the internal audit system of the Company is commensurate with its size and nature of business. However,the scope of internal audit requires strengthening in terms of additional areas.

viii The Central Government of India has not prescribed the maintenance of cost records

under clause (d) of sub-section (1) of Section 209 of the Act for any of the products of the

Company.



Page 2 of 3

ix. (a) According to the information and explanations given to us and the records of the Company examined by us, in ouropinion, the Company is regular in depositing undisputed statutory dues including provident fund, investor education andprotection fund, employees state insurance, income tax, sales tax, wealth tax, service tax , customs duty, excise duty andother material statutory dues, as applicable, with the appropriate authorities.

29


(b) According to the information and explanations given to us and the records of the Company

examined by us, there are no dues of income-tax, sales-tax, wealth tax , service-tax, customs duty,

and excise duty which have not been deposited on account of any dispute.

x. As the Company is registered for a period less than five years, the provision of clause 4(x) of the

Order are not applicable to the Company.

xi. As the company does not have any borrowing from any financial institution or bank nor has it issued any debentures as atthe balance sheet date, the provision of Clause 4(xi) of the Order not applicable to the Company.

xii. The Company has not granted any loans and advances on the basis of security by way of pledge of shares, debentures andother securities. Therefore, the provisions of Clause 4(xii) of the Order are not applicable to the Company

xiii. As the provisions of any special statute applicable to chit fund/ nidhi / mutual benefit fund/ societies are not applicable tothe Company, the provisions of Clause 4(xiii) of the Order are not applicable to the Company.

xiv. In our opinion, the Company is not dealing in or trade in shares, securities, debentures and other investments. Accordingly, the provisions of Clause 4(xiv) of the Order are not applicable to the Company.

xv. In our opinion, and according to the information and explanations given to us, the Company has not given any guaranteefor loans taken by others from banks or financial institutions during the year. Accordingly, the provisions of Clause 4(xv)of the Order are not applicable to the Company.

xvi. The Company has not raised any term loans. Accordingly, the provisions of Clause 4(xvi) of the Order are not applicableto the Company.

xvii. The Company has not raised any loans on short term basis. Accordingly, the provisions of Clause 4(xvii) of the Order arenot applicable to the Company.

xviii. The Company has not made any preferential allotment of shares to parties and companies covered in the registermaintained under Section 301 of the Act during the year. Accordingly, the provisions of Clause 4(xviii) of the Order arenot applicable to the Company.

xix. The Company has not issued any debentures during the year and does not have any debentures outstanding as at thebeginning of the year and at the year end. Accordingly, the provisions of Clause 4(xix) of the Order are not applicable tothe Company.

xx. The Company has not raised any money by public issues during the year. Accordingly, the provisions of Clause 4(xx) ofthe Order are not applicable to the Company.

30




Page 3 of 3

xxi. During the course of our examination of the books and records of the Company, carried out in

accordance with the generally accepted auditing practices in India , and according to the

information and explanations given to us, we have neither come across any instance of material

fraud on or by the Company, noticed or reported during the year, nor have we been informed of

any such case by the Management.


Firm Registration Number: 304026E


Harinderjit Singh

Place: Gurgaon Partner

Date: June 25, 2014 Membership Number 086994

31


[100100] Balance sheet

Unless otherwise specified, all monetary values are in Millions of INR31/03/2014 31/03/2013

Balance sheet [Abstract] Equity and liabilities [Abstract] Shareholders' funds [Abstract] Share capital 388.53 388.53

Reserves and surplus 8,781.47 4,462.47

Total shareholders' funds 9,170 4,851

Share application money pending allotment 0 0

Non-current liabilities [Abstract] Long-term borrowings 0 0

Other long-term liabilities 0 0

Long-term provisions 431 277

Total non-current liabilities 431 277

Current liabilities [Abstract] Short-term borrowings 0 0

Trade payables (A) 3,035 (B) 2,308

Other current liabilities 2,581 878

Short-term provisions 80 329

Total current liabilities 5,696 3,515

Total equity and liabilities 15,297 8,643

Assets [Abstract] Non-current assets [Abstract] Fixed assets [Abstract] Tangible assets 2,319 2,405

Intangible assets 230 74

Total fixed assets 2,549 2,479

Non-current investments 0 0

Deferred tax assets (net) 511 230

Long-term loans and advances 561 330

Total non-current assets 3,621 3,039

Current assets [Abstract] Current investments 0 0

Inventories 0 0

Trade receivables 6,184 4,108

Cash and bank balances 4,421 1,003

Short-term loans and advances 697 242

Other current assets 374 251

Total current assets 11,676 5,604

Total assets 15,297 8,643

Footnotes (A) Refer Note 35

(B) Refer Note 35

32


[400300] Disclosures - Signatories of balance sheet

Details of directors signing balance sheet [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INRDirectors signing balance sheet [Axis] 01 02

01/04/2013 to

31/03/2014

01/04/2013 to

31/03/2014Details of signatories of balance sheet [Abstract] Details of directors signing balance sheet [Abstract] Details of directors signing balance sheet [LineItems] Name of director signing balance sheet [Abstract] First name of director Mats Debasish

Middle name of director Robert Roy

Last name of director Agervi Chowdhury

Designation of director Managing Director Director

Director identification number of director 03034679 00467690

Date of signing of balance sheet by director 25/06/2014 25/06/2014


to 31/03/2014

Name of company secretary AMIT SHANKAR KASHYAP

Permanent account number of company secretary ANGPK7277C

Date of signing of balance sheet by company secretary 25/06/2014

33


[100400] Cash flow statement, indirect


to 31/03/2014

01/04/2012 to

31/03/201331/03/2012

Statement of cash flows [Abstract] Cash flows from used in operating activities [Abstract] Profit before extraordinary items and tax 5,499 3,361

Adjustments for reconcile profit (loss) [Abstract] Adjustments to profit (loss) [Abstract]

Adjustments for finance costs (A) -255 (B) -67

Adjustments for depreciation and amortisation expense (C) 1,365 (D) 878

Adjustments for impairment loss reversal of impairment loss recognised in profit or loss (E) 15 (F) 19

Adjustments for unrealised foreign exchange losses gains 214 33

Other adjustments for which cash effects are investing or financing cash flow

0 0

Other adjustments to reconcile profit (loss) (G) 702(H) 0

Other adjustments for non-cash items (I) 179 (J) 148

Total adjustments to profit (loss) 2,220 1,011

Adjustments for working capital [Abstract] Adjustments for decrease (increase) in trade receivables -3,001 -1,217

Adjustments for decrease (increase) in other current and non-current assets (K) -433 (L) -1,575

Adjustments for increase (decrease) in trade payables 736 878.99

Adjustments for increase (decrease) in other current and non-current liabilities

1,704 254

Adjustments for provisions 0 1,195.01

Total adjustments for working capital -994 -464

Total adjustments for reconcile profit (loss) 1,226 547

Net cash flows from (used in) operations 6,725 3,908

Income taxes (paid) refund 2,111 1,209

Net cash flows from (used in) operating activities before extraordinary items

4,614 2,699

Net cash flows from (used in) operating activities 4,614 2,699

Cash flows from used in investing activities [Abstract] Purchase of tangible assets 1,457 1,891

Proceeds from sales of intangible assets 7 2

Interest received 254 67

Net cash flows from (used in) investing activities before extraordinary items

-1,196 -1,822

Net cash flows from (used in) investing activities -1,196 -1,822

Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes

3,418 877

Net increase (decrease) in cash and cash equivalents 3,418 877

Cash and cash equivalents cash flow statement at end of period 4,421 1,003 126

34


Footnotes (A) Interest income

(B) Interest income

(C) Includes 1309 for depreciation and 56 for amortisation

(D) Includes 867 for depreciation and 11 for amortisation

(E) Loss on sale of fixed assets

(F) Loss on sale of fixed assets

(G) It includes Provision for doubtful debts as 442 and bad debt written off as 260.

(H) Provision for doubtful debts

(I) Provision for gratuity and leave encashment

(J) Provision for gratuity and leave encashment

(K) It includes ( Increase ) in long term loans and advances as (231) , (Increase) in other current assets as ( 123) and ( Increase) in shortterm loans and advances as (79)

(L) It includes ( Increase ) in long term loans and advances as (117) , (Increase) in other current assets as ( 169) and ( Increase) in shortterm loans and advances as (1289)

35


[200100] Notes - Share capital

Disclosure of classes of share capital [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INRClasses of share capital [Axis] Share capital [Member] Equity shares [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013 Disclosure of classes of share capital [Abstract] Disclosure of classes of share capital [LineItems]

Number of shares authorised [shares]10,00,00,000

[shares] 10,00,00,000[shares]

10,00,00,000[shares] 10,00,00,000

Value of shares authorised 1,000 1,000 1,000 1,000

Number of shares issued [shares] 3,88,53,000 [shares] 3,88,53,000 [shares] 3,88,53,000 [shares] 3,88,53,000

Value of shares issued 388.53 388.53 388.53 388.53

Number of shares subscribed and fully paid [shares] 3,88,53,000 [shares] 3,88,53,000 [shares] 3,88,53,000 [shares] 3,88,53,000

Value of shares subscribed and fully paid 388.53 388.53 388.53 388.53

Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0 [shares] 0

Value of shares subscribed but not fully paid 0 0 0 0

Total number of shares subscribed [shares] 3,88,53,000 [shares] 3,88,53,000 [shares] 3,88,53,000 [shares] 3,88,53,000

Total value of shares subscribed 388.53 388.53 388.53 388.53

Value of shares paid-up [Abstract] Number of shares paid-up [shares] 3,88,53,000 [shares] 3,88,53,000 [shares] 3,88,53,000 [shares] 3,88,53,000

Value of shares called 388.53 388.53 388.53 388.53

Calls unpaid [Abstract] Calls unpaid by directors and officers [Abstract] Calls unpaid by directors 0 0 0 0

Calls unpaid by officers 0 0 0 0

Total calls unpaid by directors and officers

0 0 0 0

Calls unpaid by others 0 0 0 0

Total calls unpaid 0 0 0 0

Forfeited shares 0 0 0 0

Forfeited shares reissued 0 0 0 0

Value of shares paid-up 388.53 388.53 388.53 388.53

Reconciliation of number of shares outstanding [Abstract] Changes in number of shares outstanding [Abstract] Increase in number of shares outstanding [Abstract] Number of shares issued in public offering [shares] 0 [shares] 0 [shares] 0 [shares] 0

Number of shares issued as bonus shares [shares] 0 [shares] 0 [shares] 0 [shares] 0

Number of shares issued as rights [shares] 0 [shares] 0 [shares] 0 [shares] 0

Number of shares issued in private placement

[shares] 0 [shares] 0 [shares] 0 [shares] 0

Number of shares issued as preferential allotment


Number of shares allotted for contracts without payment received in cash


Number of shares issued under scheme of amalgamation


Number of other issues of shares [shares] 0 [shares] 0 [shares] 0 [shares] 0

Number of shares arising out of conversion of securities


Total aggregate number of shares issued during period


Decrease in number of shares during period [Abstract] Number of shares bought back [shares] 0 [shares] 0 [shares] 0 [shares] 0

Other decrease in number of shares [shares] 0 [shares] 0 [shares] 0 [shares] 0

36


Total decrease in number of shares during period


Total increase (decrease) in number of shares outstanding


Number of shares outstanding at end of period [shares] 3,88,53,000 [shares] 3,88,53,000 [shares] 3,88,53,000 [shares] 3,88,53,000

Reconciliation of value of shares outstanding [Abstract] Changes in share capital [Abstract] Increase in share capital during period [Abstract] Amount of public issue during period 0 0 0 0

Amount of bonus issue during period 0 0 0 0

Amount of rights issue during period 0 0 0 0

Amount of private placement issue during period

0 0 0 0

Amount of preferential allotment issue during period

0 0 0 0

Amount of issue allotted for contracts without payment received in cash during period

0 0 0 0

Amount of issue under scheme of amalgamation during period

0 0 0 0

Amount of other issues during period 0 0 0 0

Amount of issue arising out of conversion of securities during period

0 0 0 0

Total aggregate amount of increase in share capital during period

0 0 0 0

Decrease in share capital during period [Abstract] Decrease in amount of shares bought back 0 0 0 0

Other decrease in amount of shares 0 0 0 0

Total decrease in share capital during period

0 0 0 0

Total increase (decrease) in share capital 0 0 0 0

Share capital at end of period 388.53 388.53 388.53 388.53

Shares in company held by holding company or ultimate holding company or by its subsidiaries or associates [Abstract] Shares in company held by holding company [shares] 3,88,52,999 [shares] 3,88,52,999 [shares] 3,88,52,999 [shares] 3,88,52,999

Shares in company held by ultimate holding company


Shares in company held by subsidiaries of its holding company


Shares in company held by subsidiaries of its ultimate holding company


Shares in company held by associates of its holding company


Shares in company held by associates of its ultimate holding company


Total shares in company held by holding company or ultimate holding company or by its subsidiaries or associates

[shares] 3,88,53,000 [shares] 3,88,53,000 [shares] 3,88,53,000 [shares] 3,88,53,000

Shares reserved for issue under options and contracts or commitments for sale of shares or disinvestment


Amount of shares reserved for issue under options and contracts or commitments for sale of shares or disinvestment

0 0 0 0

Aggregate number of fully paid-up shares issued pursuant to contracts without payment being received in cash


Aggregate number of fully paid-up shares issued by way of bonus shares


Aggregate number of shares bought back [shares] 0 [shares] 0 [shares] 0 [shares] 0

Original paid-up value of forfeited shares 0 0 0 0

Details of application money received for allotment of securities and due for refund and interest accrued thereon [Abstract]

37


Application money received for allotment of securities and due for refund and interest accrued thereon [Abstract] Application money received for allotment of securities and due for refund, principal

0 0 0 0

Application money received for allotment of securities and due for refund, interest accrued

0 0 0 0

Total application money received for allotment of securities and due for refund and interest accrued thereon

0 0 0 0

Number of shares proposed to be issued [shares] 0 [shares] 0 [shares] 0 [shares] 0

Share premium for shares to be allotted 0 0 0 0

38


Disclosure of classes of share capital [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INRClasses of share capital [Axis] Equity shares 1 [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013 Disclosure of classes of share capital [Abstract] Disclosure of classes of share capital [LineItems] Type of share Equity Equity

Number of shares authorised [shares]10,00,00,000

[shares] 10,00,00,000

Value of shares authorised 1,000 1,000

Number of shares issued [shares] 3,88,53,000 [shares] 3,88,53,000

Value of shares issued 388.53 388.53

Number of shares subscribed and fully paid [shares] 3,88,53,000 [shares] 3,88,53,000

Value of shares subscribed and fully paid 388.53 388.53

Number of shares subscribed but not fully paid [shares] 0 [shares] 0

Value of shares subscribed but not fully paid 0 0

Total number of shares subscribed [shares] 3,88,53,000 [shares] 3,88,53,000

Total value of shares subscribed 388.53 388.53

Value of shares paid-up [Abstract] Number of shares paid-up [shares] 3,88,53,000 [shares] 3,88,53,000

Value of shares called 388.53 388.53

Calls unpaid [Abstract] Calls unpaid by directors and officers [Abstract] Calls unpaid by directors 0 0

Calls unpaid by officers 0 0

Total calls unpaid by directors and officers 0 0

Calls unpaid by others 0 0

Total calls unpaid 0 0

Forfeited shares 0 0

Forfeited shares reissued 0 0

Value of shares paid-up 388.53 388.53

Par value per share [INR/shares] 10 [INR/shares] 10

Details of shares not fully called [Abstract] Amount per share called [INR/shares] 0 [INR/shares] 0

Reconciliation of number of shares outstanding [Abstract] Changes in number of shares outstanding [Abstract] Increase in number of shares outstanding [Abstract] Number of shares issued in public offering [shares] 0 [shares] 0

Number of shares issued as bonus shares [shares] 0 [shares] 0

Number of shares issued as rights [shares] 0 [shares] 0

Number of shares issued in private placement [shares] 0 [shares] 0

Number of shares issued as preferential allotment [shares] 0 [shares] 0

Number of shares allotted for contracts without payment received in cash [shares] 0 [shares] 0

Number of shares issued under scheme of amalgamation [shares] 0 [shares] 0

Number of other issues of shares [shares] 0 [shares] 0

Number of shares arising out of conversion of securities [shares] 0 [shares] 0

Total aggregate number of shares issued during period [shares] 0 [shares] 0

Decrease in number of shares during period [Abstract] Number of shares bought back [shares] 0 [shares] 0

Other decrease in number of shares [shares] 0 [shares] 0

Total decrease in number of shares during period [shares] 0 [shares] 0

Total increase (decrease) in number of shares outstanding [shares] 0 [shares] 0

Number of shares outstanding at end of period [shares] 3,88,53,000 [shares] 3,88,53,000

Reconciliation of value of shares outstanding [Abstract] Changes in share capital [Abstract] Increase in share capital during period [Abstract] Amount of public issue during period 0 0

Amount of bonus issue during period 0 0

Amount of rights issue during period 0 0

Amount of private placement issue during period 0 0

Amount of preferential allotment issue during period 0 0

39


Amount of issue allotted for contracts without payment received in cash during period

0 0

Amount of issue under scheme of amalgamation during period 0 0

Amount of other issues during period 0 0

Amount of issue arising out of conversion of securities during period 0 0

Total aggregate amount of increase in share capital during period 0 0

Decrease in share capital during period [Abstract] Decrease in amount of shares bought back 0 0

Other decrease in amount of shares 0 0

Total decrease in share capital during period 0 0

Total increase (decrease) in share capital 0 0

Share capital at end of period 388.53 388.53

Shares in company held by holding company or ultimate holding company or by its subsidiaries or associates [Abstract] Shares in company held by holding company [shares] 3,88,52,999 [shares] 3,88,52,999

Shares in company held by ultimate holding company [shares] 0 [shares] 0

Shares in company held by subsidiaries of its holding company [shares] 1 [shares] 1

Shares in company held by subsidiaries of its ultimate holding company [shares] 0 [shares] 0

Shares in company held by associates of its holding company [shares] 0 [shares] 0

Shares in company held by associates of its ultimate holding company [shares] 0 [shares] 0

Total shares in company held by holding company or ultimate holding company or by its subsidiaries or associates

[shares] 3,88,53,000 [shares] 3,88,53,000

Shares reserved for issue under options and contracts or commitments for sale of shares or disinvestment

[shares] 0 [shares] 0

Amount of shares reserved for issue under options and contracts or commitments for sale of shares or disinvestment

0 0

Aggregate number of fully paid-up shares issued pursuant to contracts without payment being received in cash

[shares] 0 [shares] 0

Aggregate number of fully paid-up shares issued by way of bonus shares [shares] 0 [shares] 0

Aggregate number of shares bought back [shares] 0 [shares] 0

Original paid-up value of forfeited shares 0 0

Details of application money received for allotment of securities and due for refund and interest accrued thereon [Abstract] Application money received for allotment of securities and due for refund and interest accrued thereon [Abstract] Application money received for allotment of securities and due for refund, principal

0 0

Application money received for allotment of securities and due for refund, interest accrued

0 0

Total application money received for allotment of securities and due for refund and interest accrued thereon

0 0

Number of shares proposed to be issued [shares] 0 [shares] 0

Share premium for shares to be allotted 0 0

Disclosure of shareholding more than five per cent in company [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INRClasses of share capital [Axis] Equity shares [Member] Equity shares 1 [Member]Name of shareholder [Axis] Shareholder 1 [Member] Shareholder 1 [Member]

31/03/2014 31/03/201301/04/2013

to 31/03/2014

01/04/2012 to

31/03/2013 Disclosure of shareholding more than five per cent in company [Abstract] Disclosure of shareholding more than five per cent in company [LineItems] Type of share EQUITY EQUITY

Name of shareholder TelefonaktiebolagetL M Ericsson ,Sweden

Telefonaktiebolaget LM Ericsson , Sweden

Country of incorporation or residence of shareholder

SWEDEN SWEDEN

Number of shares held in company [shares] 3,88,52,999 [shares] 3,88,52,999 [shares] 3,88,52,999 [shares] 3,88,52,999

Percentage of shareholding in company 99.99% 99.99%

40



to 31/03/2014

01/04/2012 to

31/03/2013Disclosure of notes on share capital explanatory [TextBlock] Whether there are any shareholders holding more than five per cent shares in company

Yes Yes

Whether money raised from public offering during year No No

[200200] Notes - Reserves and surplus

Statement of changes in reserves [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INRComponents of reserves [Axis] Reserves [Member] Capital reserves [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013 Statement of changes in reserves [Abstract] Statement of changes in reserves [LineItems] Changes in reserves [Abstract] Additions to reserves [Abstract] Profit (loss) for period 4,319 2,290

Other additions to reserves 0.47 0.47 (A) 0.47 (B) 0.47

Total additions to reserves 4,319.47 2,290.47 0.47 0.47

Total changes in reserves 4,319.47 2,290.47 0.47 0.47

Reserves at end of period 8,781.47 4,462.47 0.47 0.47

(A) 0.47 has been added with a view to recoucile the share capital difference appearing in XBRL format which is (389- 388.53) = 0.47

(B) 0.47 has been added with a view to recoucile the share capital difference appearing in XBRL format which is (389- 388.53) = 0.47

Statement of changes in reserves [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INRComponents of reserves [Axis] Surplus [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/201331/03/2012

Statement of changes in reserves [Abstract] Statement of changes in reserves [LineItems] Changes in reserves [Abstract] Additions to reserves [Abstract] Profit (loss) for period 4,319 2,290

Total additions to reserves 4,319 2,290

Total changes in reserves 4,319 2,290

Reserves at end of period 8,781 4,462 2,172

41


[201000] Notes - Tangible assets

Disclosure of tangible assets [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INRClasses of tangible assets [Axis] Company total tangible assets [Member]

Sub classes of tangible assets [Axis] Owned and leased assets [Member]Carrying amount accumulated depreciation and gross

carrying amount [Axis]Carrying amount [Member] Gross carrying amount

[Member]Accumulated depreciation and

impairment [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013 Disclosure of tangible assets [Abstract] Disclosure of tangible assets [LineItems] Reconciliation of changes in tangible assets [Abstract] Changes in tangible assets [Abstract] Additions other than through business combinations tangible assets

1,245 1,831 1,245 1,831

Depreciation tangible assets -1,309 -867 1,309 867

Impairment loss recognised in profit or loss tangible assets

0 0 0 0

Reversal of impairment loss recognised in profit or loss tangible assets

0 0 0 0

Disposals tangible assets [Abstract] Disposals tangible assets, others

22 21 63 50 41 29

Total disposals tangible assets

22 21 63 50 41 29

Other adjustments tangible assets [Abstract] Other adjustments tangible assets, others

0 0 0 0

Total other adjustments tangible assets

0 0 0 0

Total changes in tangible assets

-86 943 1,182 1,781 1,268 838

Tangible assets at end of period 2,319 2,405 4,725 3,543 2,406 1,138

42



Unless otherwise specified, all monetary values are in Millions of INRClasses of tangible assets [Axis] Company total tangible assets [Member]

Sub classes of tangible assets [Axis] Owned assets [Member]Carrying amount accumulated depreciation and gross



impairment [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


1,245 1,831 1,245 1,831

Depreciation tangible assets -1,309 -867 1,309 867


0 0 0 0


0 0 0 0


22 21 63 50 41 29


22 21 63 50 41 29


0 0 0 0


0 0 0 0


-86 943 1,182 1,781 1,268 838

Tangible assets at end of period 2,319 2,405 4,725 3,543 2,406 1,138

43



Unless otherwise specified, all monetary values are in Millions of INRClasses of tangible assets [Axis] Plant and equipment [Member]




impairment [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


308 214 308 214

Depreciation tangible assets -270 -119 270 119


0 0 0 0


0 0 0 0


17 10 49 32 32 22


17 10 49 32 32 22


0 0 0 0


0 0 0 0


21 85 259 182 238 97

Tangible assets at end of period 295 274 697 438 402 164

44



Unless otherwise specified, all monetary values are in Millions of INRClasses of tangible assets [Axis] Plant and equipment [Member]




impairment [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


308 214 308 214



0 0 0 0


0 0 0 0


17 10 49 32 32 22


17 10 49 32 32 22


0 0 0 0


0 0 0 0


21 85 259 182 238 97


45



Unless otherwise specified, all monetary values are in Millions of INRClasses of tangible assets [Axis] Furniture and fixtures [Member]




impairment [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


52 169 52 169



0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0


0 0 0 0


-29 105 52 169 81 64


46



Unless otherwise specified, all monetary values are in Millions of INRClasses of tangible assets [Axis] Furniture and fixtures [Member]




impairment [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


52 169 52 169



0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0


0 0 0 0


-29 105 52 169 81 64


47



Unless otherwise specified, all monetary values are in Millions of INRClasses of tangible assets [Axis] Office equipment [Member]




impairment [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


759 772 759 772



0 0 0 0


0 0 0 0


5 10 14 17 9 7


5 10 14 17 9 7


0 0 0 0


0 0 0 0


251 447 745 755 494 308

Tangible assets at end of period 972 721 1,816 1,071 844 350

48



Unless otherwise specified, all monetary values are in Millions of INRClasses of tangible assets [Axis] Office equipment [Member]




impairment [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


759 772 759 772



0 0 0 0


0 0 0 0


5 10 14 17 9 7


5 10 14 17 9 7


0 0 0 0


0 0 0 0


251 447 745 755 494 308


49



Unless otherwise specified, all monetary values are in Millions of INRClasses of tangible assets [Axis] Computer equipments [Member]




impairment [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


759 772 759 772



0 0 0 0


0 0 0 0


5 10 14 17 9 7


5 10 14 17 9 7


0 0 0 0


0 0 0 0


251 447 745 755 494 308


50



Unless otherwise specified, all monetary values are in Millions of INRClasses of tangible assets [Axis] Computer equipments [Member]




impairment [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


759 772 759 772



0 0 0 0


0 0 0 0


5 10 14 17 9 7


5 10 14 17 9 7


0 0 0 0


0 0 0 0


251 447 745 755 494 308


51



Unless otherwise specified, all monetary values are in Millions of INRClasses of tangible assets [Axis] Leasehold improvements [Member]




impairment [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


126 676 126 676



0 0 0 0


0 0 0 0


0 1 0 1 0 0


0 1 0 1 0 0


0 0 0 0


0 0 0 0


-329 306 126 675 455 369

Tangible assets at end of period 794 1,123 1,783 1,657 989 534

52







impairment [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


126 676 126 676



0 0 0 0


0 0 0 0


0 1 0 1 0 0


0 1 0 1 0 0


0 0 0 0


0 0 0 0


-329 306 126 675 455 369

Tangible assets at end of period 794 1,123 1,783 1,657 989 534

Disclosure of additional information tangible assets [Table] ..(1)


Classes of tangible assets [Axis] Company total tangible assets[Member]

Plant and equipment [Member]

Sub classes of tangible assets [Axis] Owned and leased assets[Member]

Owned and leased assets[Member]

Owned assets [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013 Disclosure of additional information tangible assets [Abstract] Disclosure of additional information tangible assets [LineItems]

Depreciation method tangible assets - - - -Straight LineValue

Straight LineValue

Useful lives or depreciation rates tangible assets

NA NA NA NARefer To Note2.2

Refer To Note2.2

53



Unless otherwise specified, all monetary values are in Millions of INRClasses of tangible assets [Axis] Furniture and fixtures [Member] Office equipment [Member]


Owned assets [Member] Owned and leased assets[Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


Depreciation method tangible assets - -Straight LineValue

Straight LineValue

- -


NA NARefer To Note2.2

Refer To Note2.2

NA NA



Classes of tangible assets [Axis] Computer equipments [Member] Leasehold improvements[Member]


Owned assets [Member] Owned and leased assets[Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


Depreciation method tangible assets - -Straight LineValue

Straight LineValue

- -


NA NARefer To Note2.2

Refer To Ntoe2.2

NA NA



Sub classes of tangible assets [Axis] Owned assets [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013 Disclosure of additional information tangible assets [Abstract] Disclosure of additional information tangible assets [LineItems] Depreciation method tangible assets Straight Line Value Straight Line Value

Useful lives or depreciation rates tangible assets Refer To Note 2.2 Refer To Note 2.2


to 31/03/2014

Disclosure of notes on tangible assets explanatory [TextBlock] Textual information (31) [See below]

54



Disclosure of notes on tangible assets explanatory [Text Block]

9. Tangible Assets

Description GROSS BLOCK DEPRECIATION NET BLOCK

01/04/2013 Additions Deletions 31/03/2014 01/04/2013

Dep. * 31/03/2014 31/03/2014 31/3/2013

Own Assets:

LeaseholdImprovements

1657

126 - 1783 534 455 - 989 794 1123

Plant &Machinery

438 308 (49) 697 164 270 (32) 402 295 274

Furniture &Fixtures

377 52 - 429 90 81 - 171 258 287

Computers 1071 759 (14) 1816 350 503 (9) 844 972 721

Total 3543 1245 (63) 4725 1138 1309 (41) 2406 2319 2405

Previousyear

1762 1831 (50) 3543 300 867 (29) 1138 2405 1462

*accumulated amortisation on deletions

55


[201100] Notes - Intangible assets

Disclosure of intangible assets [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INRClasses of intangible assets [Axis] Company total intangible assets [Member]

Sub classes of intangible assets [Axis] Internally generated and other than internally generated intangible assets [Member]Carrying amount accumulated amortization and

impairment and gross carrying amount [Axis]Carrying amount [Member] Gross carrying amount

[Member]Accumulated amortization and

impairment [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013 Disclosure of intangible assets [Abstract] Disclosure of intangible assets [LineItems] Reconciliation of changes in intangible assets [Abstract] Changes in intangible assets [Abstract] Additions to intangible assets [Abstract] Additions other than through business combinations intangible assets

212 74 212 74

Total additions to intangible assets

212 74 212 74

Amortization intangible assets -56 -11 56 11

Impairment loss recognised in profit or loss intangible assets

0 0 0 0

Reversal of impairment loss recognised in profit or loss intangible assets

0 0 0 0

Disposals intangible assets [Abstract] Disposals intangible assets, others

0 0 0 0 0 0

Total disposals intangible assets

0 0 0 0 0 0

Other adjustments intangible assets [Abstract] Other adjustments intangible assets, others

0 0 0 0

Total other adjustments intangible assets

0 0 0 0

Total changes in intangible assets

156 63 212 74 56 11

Intangible assets at end of period 230 74 298 86 68 12

56



Unless otherwise specified, all monetary values are in Millions of INRClasses of intangible assets [Axis] Company total intangible assets [Member]

Sub classes of intangible assets [Axis] Intangible assets other than internally generated [Member]Carrying amount accumulated amortization and



impairment [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


212 74 212 74


212 74 212 74



0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0


0 0 0 0


156 63 212 74 56 11


57



Unless otherwise specified, all monetary values are in Millions of INRClasses of intangible assets [Axis] Licenses and franchise [Member]




impairment [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


212 74 212 74


212 74 212 74



0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0


0 0 0 0


156 63 212 74 56 11


58



Unless otherwise specified, all monetary values are in Millions of INRClasses of intangible assets [Axis] Licenses and franchise [Member]




impairment [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


212 74 212 74


212 74 212 74



0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0


0 0 0 0


156 63 212 74 56 11


59



Unless otherwise specified, all monetary values are in Millions of INRClasses of intangible assets [Axis] Licenses [Member]




impairment [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


212 74 212 74


212 74 212 74



0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0


0 0 0 0


156 63 212 74 56 11


60







impairment [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


212 74 212 74


212 74 212 74



0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0


0 0 0 0


156 63 212 74 56 11


Disclosure of additional information intangible assets [Table] ..(1)


Classes of intangible assets [Axis] Company total intangible assets[Member]

Licenses and franchise [Member] Licenses [Member]

Sub classes of intangible assets [Axis]Internally generated and other

than internally generatedintangible assets [Member]

Internally generated and otherthan internally generated

intangible assets [Member]

Internally generated and otherthan internally generated

intangible assets [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013 Disclosure of additional information intangible assets [Abstract] Disclosure of additional information intangible assets [LineItems] Useful lives or amortization rates intangible assets

NA NA NA NA NA NA

Description of amortization method used

- - - - - -

61


Disclosure of additional information intangible assets [Table] ..(2)


Sub classes of intangible assets [Axis] Intangible assets other than internallygenerated [Member]

01/04/2013 to

31/03/2014

01/04/2012

to 31/03/2013

Disclosure of additional information intangible assets [Abstract] Disclosure of additional information intangible assets [LineItems]

Useful lives or amortization rates intangible assets Refer To Note 2.3(AmortisationRate Is 25% For SoftwareLicence

4 Years

Description of amortization method used Straight Line ValueStraightLine Value


to 31/03/2014

Disclosure of notes on intangible assets explanatory [TextBlock] Textual information (32) [See below]


Disclosure of notes on intangible assets explanatory [Text Block]


01/04/2013 Additions Deletions 31/03/2014 01/04/2013

Dep. * 31/03/2014 31/03/2014 31/3/2013

Own Assets:(Acquired)

SoftwareLicense

86 212 - 298 12 56 - 68 230 74

Total 86 212 - 298 12 56 - 68 230 74

Previous Year 12 74 - 86 1 11 - 12 74

*

Accumulated Amortization on Deletions

62


[200600] Notes - Subclassification and notes on liabilities and assets

Classification of inventories [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INRClassification of inventories [Axis] Company total inventories [Member]

31/03/2014 31/03/2013 Subclassification and notes on liabilities and assets [Abstract] Inventories notes [Abstract] Inventories [Abstract] Classification of inventories [Abstract] Details of inventories [LineItems] Inventories 0 0

Loans and advances [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INRClassification based on time period [Axis] Long-term [Member]Classification of loans and advances [Axis] Loans and advances [Member] Security deposits [Member]

Classification of assets based on security [Axis] Unsecured considered good [Member] Unsecured considered good [Member]

31/03/2014 31/03/2013 31/03/2014 31/03/2013 Subclassification and notes on liabilities and assets [Abstract] Loans and advances notes [Abstract] Loans and advances [Abstract] Disclosure of loans and advances [LineItems] Loans and advances, gross 561 330 440 330

Allowance for bad and doubtful loans and advances

0 0 0 0

Loans and advances 561 330 440 330

Details of loans and advances due by directors, other officers or others [Abstract] Loans and advances due by directors 0 0 0 0

Loans and advances due by other officers 0 0 0 0

Details of loans and advances due by firms or companies in which any director is partner or director [Abstract] Loans and advances due by firms in which any director is partner

0 0 0 0

Total loans and advances due by firms or companies in which any director is partner or director

0 0 0 0

63



Unless otherwise specified, all monetary values are in Millions of INRClassification based on time period [Axis] Long-term [Member]Classification of loans and advances [Axis] Other loans and advances [Member] Prepaid expenses [Member]




0 0 0 0





0 0 0 0


0 0 0 0


Unless otherwise specified, all monetary values are in Millions of INRClassification based on time period [Axis] Short-term [Member]Classification of loans and advances [Axis] Loans and advances [Member] Security deposits [Member]




0 0 0 0





0 0 0 0


0 0 0 0

64



Unless otherwise specified, all monetary values are in Millions of INRClassification based on time period [Axis] Short-term [Member]

Classification of loans and advances [Axis] Loans advances given employees[Member]

Loans advances value be received[Member]




0 0 0 0





0 0 0 0


0 0 0 0


Unless otherwise specified, all monetary values are in Millions of INRClassification based on time period [Axis] Short-term [Member]Classification of loans and advances [Axis] Other loans and advances [Member] Prepaid expenses [Member]




0 0 0 0





0 0 0 0


0 0 0 0

65



Unless otherwise specified, all monetary values are in Millions of INRClassification based on time period [Axis] Short-term [Member]Classification of loans and advances [Axis] Advance tax [Member] Advance income tax paid [Member]


31/03/2014 31/03/2013 31/03/2014 31/03/2013 Subclassification and notes on liabilities and assets [Abstract] Loans and advances notes [Abstract] Loans and advances [Abstract] Disclosure of loans and advances [LineItems] Loans and advances, gross 376 0 (A) 376 0


0 0 0 0





0 0 0 0


0 0 0 0

Footnotes (A) Advance income tax ( Net of Provision Rs. 3,790 million)

Subclassification of trade receivables [Table] ..(1)


Classification of assets based on security [Axis] Classification of assets based on security[Member]

Unsecured considered good [Member]

31/03/2014 31/03/2013 31/03/2014 31/03/2013 Subclassification and notes on liabilities and assets [Abstract] Trade receivables notes [Abstract] Trade receivables [Abstract] Subclassification of trade receivables [Abstract] Subclassification of trade receivables [LineItems] Breakup of trade receivables [Abstract] Trade receivables, gross 6,626 4,108 6,184 4,108

Allowance for bad and doubtful debts 442 0 0 0

Total trade receivables 6,184 4,108 6,184 4,108

Details of trade receivables due by directors, other officers or others [Abstract] Trade receivables due by directors 0 0

Trade receivables due by other officers 0 0

Details of trade receivables due by firms or companies in which any director is partner or director [Abstract] Total trade receivables due by firms or companies in which any director is partner or director

0 0

66


Subclassification of trade receivables [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INRClassification of assets based on security [Axis] Doubtful [Member]

31/03/2014 31/03/2013 Subclassification and notes on liabilities and assets [Abstract] Trade receivables notes [Abstract] Trade receivables [Abstract] Subclassification of trade receivables [Abstract] Subclassification of trade receivables [LineItems] Breakup of trade receivables [Abstract] Trade receivables, gross (A) 442 0

Allowance for bad and doubtful debts 442 0

Total trade receivables 0 0

Details of trade receivables due by directors, other officers or others [Abstract] Trade receivables due by directors 0 0

Trade receivables due by other officers 0 0

Details of trade receivables due by firms or companies in which any director is partner or director [Abstract] Total trade receivables due by firms or companies in which any director is partner or director

0 0

Footnotes (A) It includes Outstanding for the period exceeding six months is 251 and others is 191 which totals as 442.

Disclosure of breakup of provisions [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INRClassification based on time period [Axis] Long-term [Member] Short-term [Member]

31/03/2014 31/03/2013 31/03/2014 31/03/2013 Subclassification and notes on liabilities and assets [Abstract] Provisions notes [Abstract] Disclosure of breakup of provisions [Abstract] Disclosure of breakup of provisions [LineItems] Provisions [Abstract] Provisions for employee benefits [Abstract] Provision gratuity (A) 94 (B) 9

Provision leave encashment 337 268 80 55

Total provisions for employee benefits 431 277 80 55

Provision for corporate tax [Abstract] Provision for current tax 0 274

Total provision for corporate tax 0 (C) 274

Total provisions 431 277 80 329

Footnotes (A) Refer Note 19

(B) Refer Note 19

(C) Provision for Income tax ( Previous year net of advance tax Rs. 2,055 million)

67



to 31/03/2014

01/04/2012 to

31/03/2013Disclosure of subclassification and notes on liabilities and assets explanatory [TextBlock] Trade payables, long-term 0 0

Total other long-term liabilities 0 0

Nature of other provisions

Provision for Income tax ( Previous year net of advance tax Rs. 2,055 million)

Provision for Income tax ( Previous year net of advance tax Rs. 2,055 million)

Interest accrued but not due on borrowings 0 0

Interest accrued and due on borrowings 0 0

Debentures claimed but not paid 0 0

Unpaid dividends 0 0

Unpaid matured deposits and interest accrued thereon 0 0

Unpaid matured debentures and interest accrued thereon 0 0

Withholding taxes payable (A) 314 (B) 388

Public deposit payable, current 0 0

Total other payables, current 314 388

Short-term employee related liabilities (C) 2,267 (D) 489

Current liabilities portion of share application money pending allotment

0 0

Other current liabilities, others 0 (E) 1

Total other current liabilities 2,581 878

Aggregate amount of trade receivables outstanding for period exceeding six months

833 473

Fixed deposits with banks (F) 4,290 (G) 750

Other balances with banks (H) 131 (I) 253

Total balance with banks 4,421 1,003

Cash on hand 0 0

Total cash and cash equivalents 4,421 1,003

Total cash and bank balances 4,421 1,003

Total balances held with banks to extent held as margin money or security against borrowings, guarantees or other commitments

0 0

Bank deposits with more than twelve months maturity 0 0

Other current assets, others (J) 374 (K) 251

Total other current assets 374 251

Footnotes (A) statutory dues including provident fund and tax deducted at source

(B) statutory dues including provident fund and tax deducted at source

(C) Employee benefits payable

(D) Employee benefits payable

(E) Unamortised Premium on forward contracts

(F) deposits less than three months maturity

(G) deposits less than three months maturity

(H) Balance in current account

(I) balance in current account

(J) Other current assets includes interest accrued on deposits as 6 and balance with statutory authorities as 368 which totals as 374 .

(K) Other current assets includes interest accrued on deposits as 6 and balance with statutory authorities as 245 which totals as 251 .

68


[200700] Notes - Additional disclosures on balance sheet


to 31/03/2014

01/04/2012 to

31/03/2013Disclosure of additional balance sheet notes explanatory [TextBlock] Total contingent liabilities and commitments 0 0

Amount of dividends proposed to be distributed to equity shareholders 0 0

Amount of per share dividend proposed to be distributed to equity shareholders

[INR/shares] 0 [INR/shares] 0

Percentage of equity shares held up by foreign holdings 100.00%

Deposits accepted or renewed during period 0 0

Deposits matured and claimed but not paid during period 0 0

Deposits matured and claimed but not paid 0 0

Deposits matured but not claimed 0 0

Interest on deposits accrued and due but not paid 0 0

Share application money received during year 0 0

Share application money paid during year 0 0

Amount of share application money received back during year 0 0

Amount of share application money repaid returned back during year 0 0

Number of person share application money paid during year [pure] 0 [pure] 0

Number of person share application money received during year [pure] 0 [pure] 0

Number of person share application money paid as at end of year [pure] 0 [pure] 0

Number of person share application money received as at end of year [pure] 0 [pure] 0

Whether maintenance of cost records by company has been mandated under any cost accounting records rules notified under section 209(1)(d) of companies act,1956

No No

Whether audit of cost records of company has been mandated by central government under section 233B of Companies Act, 1956

No

Unclaimed share application refund money 0 0

Unclaimed matured debentures 0 0

Unclaimed matured deposits 0 0

Interest unclaimed amount 0 0

[200800] Notes - Disclosure of accounting policies, changes in accounting policies and estimates


to 31/03/2014

Disclosure of accounting policies, change in accounting policies and changes in estimates explanatory [TextBlock]

Textual information (33) [See below]

69



Disclosure of accounting policies, change in accounting policies and changes in estimates explanatory [Text Block]

ERICSSON INDIA GLOBAL SERVICES PRIVATE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

(All amounts in Rs. Million, unless otherwise stated)

1. General Information

The Company was incorporated on June 16, 2010 for carrying out the business of providing specialized services to its group companies andaffiliates in terms of operating and supporting the network and doing research and development of software based solution for telecommunicationindustry.

2. Summary of significant accounting policies

2.1 Basis of Preparation

These financial statements have been prepared in accordance with the generally accepted accounting principles in India under the historical costconvention on accrual basis. Pursuant to circular 15/2013 dated 13th September 2013 read with circular 08/2014 dated 04th April 2014, till theStandards of Accounting or any addendum thereto are prescribed by Central Government in consultation and recommendation of the NationalFinancial Reporting Authority, the existing Accounting Standards notified under the Companies Act, 1956 shall continue to apply. Consequently,these financial statements have been prepared to comply in all material aspects with the accounting standards notified under Section 211(3C)[Companies (Accounting Standards) Rules, 2006, as amended] and other relevant provisions of the Companies Act, 1956.

All assets and liabilities have been classified as current or non-current as per the Companys operating cycle and other criteria set out in the revisedschedule VI of the Companies Act, 1956 . Based on the nature of products and the time between the acquisition of assets for processing and otherrealisation in cash and cash equivalents , the company has ascertained its operating cycle as 12 months for the pupose of current, non-currentclassification of assets and liabilities .

2.2 Tangible Assets

i) Tangible Assets are stated at acquisition cost, net of accumulated depreciation.

Items of fixed assets that have been retired from active use and are held for disposal are stated at the lower of their net book value and netrealisable value and are shown separately in the financial statements. Any expected loss is recognised immediately in the Statement of Profit andLoss.

Losses arising from the retirement of, and gains or losses arising from disposal of fixed assets which are arrived at cost are recognised in theStatement of Profit and Loss.

Depreciation is provided on pro-rata basis on the straight-line method over the estimated useful lives of the assets or the rates prescribed underSchedule XIV to the Companies Act, 1956 whichever is higher, as follows:

Assets Rates

Computers 25%-33.33%

Plant & Machinery 25%-33.33%

Furniture & Fixtures 20%

70


ii) Assets costing less than Rs. 5,000 are fully depreciated in the year of acquisition.

iii) Leasehold improvements are amortised over period of the lease or @ 25%, whichever is higher.

2.3 Intangible Assets

Intangible Assets are stated at acquisition cost net of accumulated amortisation. Intangible assets are amortised on a straight line basis over theirestimated useful lives. The amortisation period and amortiation method are reviewed at least at each financial year end. If the expected useful lifeof the asset is significantly different from the previous estimate, the amortisation period is changed accordingly.

Gains or losses arising from the retirement or disposal of an intangible asset are determined as the difference between the net disposal proceedsand the carrying amount of the asset and recognised as income or expense in the Statement of Profit and Loss. The amortisation rate used is:

Assets Rates

Software Licence 25%

2.4 Impairment

The carrying amounts of assets are reviewed at each balance sheet date. If there is any indication of impairment based on internal / externalfactors, on existence of such condition, an impairment loss is recognized wherever the carrying amount of an asset (tangible or intangible)exceeds its recoverable amount. The recoverable amount is the greater of the assets net selling price and value in use. In assessing value in use,the estimated future cash flows are discounted to their present value at the weighted average cost of capital.

2.5 Revenue Recognition Services

Revenue from Network Operations, System Integration & Software Support Services and Research & Development Services is recognized on thebasis of man-hours delivered on each project based on predetermined hourly rates in accordance with the terms of engagement with the customersand are recognised net of service tax.

2.6 Other Income

Interest: Interest income is recognised on a time proportion basis taking into account the amount outstanding and the rate applicable.

2.7 Foreign Currency Transactions

Transactions in foreign currency are accounted for at the rate prevailing on the date of the transaction. Gain/Loss arising on fluctuation in foreignexchange rate between the transaction date and settlement date are recognised in the Statement of Profit and Loss. Foreign currency monetaryassets and liabilities are restated at the exchange rate prevailing at the year end and the overall net gains/loss is adjusted to the Statement Profitand Loss.

Forward exchange contracts outstanding as at the year end on account of highly probable forecast transactions are marked to market and thelosses, if any, are recognised in the Statement of Profit and Loss and gains are ignored in accordance with the Announcement of Institute ofChartered Accountants of India on Accounting for Derivatives issued in March 2008.

2.8 Employee Retirement Benefits

Provident Fund: Contribution towards provident fund for certain employees is made to the regulatory authorities, where the Company has nofurther obligations. Such benefits are classified as Defined Contribution Schemes as the Company does not carry any further obligations, apartfrom the contributions made on a monthly basis.

In respect of certain employees, Provident Fund contributions are made to a Trust administered by the Company. The Companys liability isactuarially determined (using the Projected Unit Credit method) at the end of the year and any shortfall in the fund size maintained by the Trustset up by the Company is additionally provided for. Actuarial losses/gains are recognised in the Statement of Profit and Loss in the year in whichthey arise.

Gratuity liability: Gratuity liability is a defined benefit obligation and the Companys liability is actuarially determined (using the Projected UnitCredit method) at the end of each year. The Company funds the benefit through contributions to Insurance Companies. The Company recognisesthe actuarial gains & losses in the Statement of Profit and Loss in the period in which they arise.

Compensated Absences: Accumulated compensated absences, which are expected to be availed or encashed within 12 months from the end of theyear end are treated as short term employee benefits. The obligation towards the same is measured at the expected cost of accumulatingcompensated absences as the additional amount expected to be paid as a result of the unused entitlement as at the year end.

71


Accumulated compensated absences, which are expected to be availed or encashed beyond 12 months from the end of the year end are treated asother long term employee benefits. The Companys liability is actuarially determined (using the Projected Unit Credit method) at the end of eachyear. Actuarial losses/ gains are recognised in the Statement of Profit and Loss in the year in which they arise.

2.9 Leases

Lease of assets under which, all the risks and benefits of ownership are effectively retained by the lessor are classified as Operating Lease. Leaserental in respect of assets taken on operating leases are charged to Statement of Profit and Loss on a straight-line basis over the lease term.

2.10 Cash and Cash Equivalents

In the cash flow statement, cash and cash equivalents includes cash in hand, bank balance and demand deposits with banks with originalmaturities of three months or less.

2.11 Current and Deferred Tax

Tax expense for the period, comprising current tax and deferred tax, are included in the determination of the net profit or loss for the period.Current tax is measured at the amount expected to be paid to the tax authorities in accordance with the taxation laws prevailing in the respectivejurisdictions.

Deferred tax is recognised for all the timing differences, subject to the consideration of prudence in respect of deferred tax assets. Deferred taxassets are recognised and carried forward only to the extent that there is a reasonable certainty that sufficient future taxable income will beavailable against which such deferred tax assets can be realised. Deferred tax assets and liabilities are measured using the tax rates and tax lawsthat have been enacted or substantively enacted by the Balance Sheet date. At each Balance Sheet date, the Company re-assesses unrecogniseddeferred tax assets, if any.

Current tax assets and current tax liabilities are offset when there is a legally enforceable right to set off the recognised amounts and there is anintention to settle the asset and the liability on a net basis. Deferred tax assets and deferred tax liabilities are offset when there is a legallyenforceable right to set off assets against liabilities representing current tax and where the deferred tax assets and the deferred tax liabilities relateto taxes on income levied by the same governing taxation laws.

2.12 Provision and Contingencies

Provisions are recognized when the Company has a present obligation as a result of past events, for which it is probable that an outflow ofresources embodying economic benefits will be required to settle the obligation, and a reliable estimate of the amount can be made. Provisionsrequired to settle are reviewed regularly and are adjusted where necessary to reflect the current best estimates of the obligation and are notdisclosed to its present value. Where the Company expects a provision to be reimbursed, the reimbursement is recognized as a separate asset, onlywhen such reimbursement is virtually certain.

2.13 Earnings per Share

Basic and diluted earnings are computed by dividing the net profit or loss after tax attributable to equity shareholders for the year by the weightedaverage number of equity shares outstanding during the period.

2.14 Segment Reporting

The accounting policies adopted for segment reporting are in conformity with the accounting policies adopted by the Company. Revenue andexpenses have been identified to segments on the basis of their relationship to the operating activities of the segment. Revenue and expenses,which relate to the Company as a whole and are not allocable to segments on a reasonable basis, have been included under Corporate/unallocated expenses.

3.

Share Capital As at

March 31, 2014

As at

March 31, 2013

Authorised capital:

100,000,000 (Previous year 100,000,000) Equity Shares of Rs 10 each

1000 1000

Issued, subscribed and paid up capital:

38,853,000 Equity Shares (Previous year 38,853,000 shares) of Rs. 10 each, fully

389 389

72


paid up

Total 389 389

(a) Reconciliation of number of shares

Particulars As at March 31, 2014 As at March 31, 2013

Number of Shares Amount Number of Shares Amount

Equity Shares:

38853000

389

38853000

389Balance as at thebeginning of the year

Add: Issued during theperiod

0 0 0 0

Balance at the end of theyear

38853000 389 38853000 389

(b) Rights, preference and restrictions attached to shares

: The company has only one class of equity shares having a par value of Rs 10 per share. Each holder of equity shares is entitled toEquity Sharesone vote per share. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual GeneralMeeting, except in case of interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of theCompany after distribution of all preferential amounts, in proportion to their shareholding.

(c) Shares held by holding company and subsidiary of holding company


Equity Shares:

38,852,999 shares (Previous year 38,852,999 shares) held by

Telefonaktiebolaget LM Ericsson, Sweden, the Holding Company

389 389

(d) Details of shareholders holding more than 5% of the aggregate shares in the company


Equity Shares:

Telefonaktiebolaget LM Ericsson, Sweden, the Holding Company

38,852,999

99.99%

38,852,999

99.99%

73


4. Reserves and Surplus


Surplus in Statement of Profit and Loss:

4462

4319

2172

2290Balance as at the beginning of the year

Profit for the year

Balance as at the end of the year 8781 4462

5. Long-term Provisions


Provision for employee benefits:

Provision for Gratuity (Refer note 19)

Provision for Leave Encashment

94

337

9

268

Total 431 277

6. Trade Payables


Trade Payables (Refer note 35) 3035 2308

Total 3035 2308

74


7. Other Current Liabilities


Statutory dues including Provident Fund and Tax deducted at source 314 388

Employee Benefits payable 2267 489

Unamortised premium on forward contracts 0 1

Total 2581 878

8. Short-term Provisions


Provision for employee benefits:

80

0

55

274

Provision for Leave Encashment

Other Provisions:

Provision for Income Tax [Previous year net of Advance Tax Rs2,055 Million]

Total 80 329

9. Tangible Assets


01/04/2013 Addit-ions Dele-tions 31/03/2014 01/04/2013

Dep. Acc. DeponDelet-ions

31/03/2014 31/03/2014 31/3/2013

Own Assets:

75


LeaseholdImprovements

1657

126 - 1783 534 455 - 989 794 1123

Plant &Machinery

438 308 (49) 697 164 270 (32) 402 295 274

Furniture &Fixtures

377 52 - 429 90 81 - 171 258 287

Computers 1071 759 (14) 1816 350 503 (9) 844 972 721

Total 3543 1245 (63) 4725 1138 1309 (41) 2406 2319 2405

Previousyear

1762 1831 (50) 3543 300 867 (29) 1138 2405 1462

10. Intangible Assets


01/04/2013 Addit-ions Dele-tions 31/03/2014 01/04/2013

Dep. Acc.Amo-rtizationon Delet-ions

31/03/2014 31/03/2014 31/3/2013

OwnAssets:(Acquired)

SoftwareLicense

86 212 - 298 12 56 - 68 230 74

Total 86 212 - 298 12 56 - 68 230 74

PreviousYear

12 74 - 86 1 11 - 12 74

76


11. Deferred Tax Assets


Deferred Tax Assets:

118

151

147

95

89

80

61

-

Provision for gratuity and leave encashment

Bonus Payble

Difference between WDV of fixed assets as per books and underIncome Tax Act, 1961

Provision for Doubtful Debts

Total 511 230

12. Long-term Loans and Advances


Unsecured, considered good:

440

121

330

-Security Deposits

Prepaid Expenses

Total 561 330

13. Trade Receivables


77


Unsecured, considered good:

582

5602

251

191

(442)

473

3635

-

-

-

Outstanding for the period exceeding 6 months, from due date

Others

Unsecured, considered doubtful:

Outstanding for the period exceeding 6 months, from due date

Others

Less-Provision for Doubtful Debts

Total 6184 4108

14. Cash and Cash Equivalents


Cash in hand

Bank Balances

Current Accounts

Fixed Deposits (less than 3 months maturity)

-

131

4290

*

253

750

*Amount is below the rounding off norm adopted by the Company

Total 4421 1003

15. Short-term Loans and Advances


78


Unsecured, considered good :

97

12

376

166

46

75

35

0

87

45

Advances recoverable in cash or kind

Advance to Employees

Other Loans and Advances:

Advance Income Tax (Net of Provision Rs. 3,790 Million)

Prepaid Expenses

Security Deposit

Total 697 242

16. Other Current Assets


Interest accrued on Deposits

Balance with Statutory Authorities

6

368

6

245

Total 374 251

17. Revenue from Services


Network Operation, System Integration and Software support 29632 20001

Research and Development 4810 2651

Total 34442 22652

18. Other Income

79



Interest Income

Liabilities Written Back

Foreign exchange fluctuation, net

Miscellaneous Income

255

0

100

16

67

113

300

15

Total 371 495

19. Employee benefits Expense


Salary and Allowances

Contribution to Provident Funds (Refer note (a) & (b) below)

Gratuity and Leave Encashment (Refer note (b) below)

Staff Welfare Expenses

14862

636

348

159

9846

448

316

148

Total 16005 10758

(a) Defined Contribution Plans

During the year the company has recognised Rs. 108 Million (Previous year Rs. 82 Million) in the Statement of Profit and Loss in relation tocontribution to Regional Provident Fund Commissioner.

80


(b) Defined Benefit Plans

A) Gratuity

(i) Present Value of Defined Benefit Obligations


Balance at the beginning of the year

Service cost

Interest cost

Actuarial loss/(gain)

Acquisition Liability/ Cost

Benefits Paid

402

184

32

(22)

27

(9)

230

158

19

(2)

-

(3)

Balance at the end of the year

614

402

81


(ii) Fair value of Plan Assets


Balance at the beginning of the year

Contribution by company

Benefits paid

Expected return

Actuarial Gain/(Loss)

Acquisition Adjustment

393

100

(9)

35

(3)

4

220

150

(2)

24

1

-


520

393

(iii) Major Category of Plan Assets as a % of total Plan Assets


Public/ Private Insurance Companies

The expected rate of return on assets is determined based on theassessment made at the beginning of the year on the return expectedon its existing portfolio, along with the estimated increment to the planassets and expected yield on the respective assets in the portfolioduring the year.

100% 100%

82


(iv) Liabilities recognised in Balance Sheet


Present value of Defined Benefits

Less: Fair value of Plan Assets

Amount recognised as liability

Liability Recognised as under:

Long term Provision

614

520

402

393

94 9

94

9

Total

94

9

(v) Expense recognized in the Statement of Profit and Loss


Current Service cost

Interest cost

Net actuarial loss/(gain) recognized

Expected Return on plan assets

184

32

(22)

(35)

158

19

(2)

(24)

Net amount recognized

159

151

83


(vi) Actuarial Assumptions

Particulars Gratuity

As at March 31, 2014 As at March 31, 2013

Discount Rate

Expected rate of return on Plan Assets

Rate of increase in Compensation

9.25%

8.00%

9.50%

8.10%

8.00%

9.50%

The estimates of future salary increases, considered in actuarial valuation, takes into account, inflation, seniority, promotions and other relevantfactors, such as demand and supply in the employment market.

Gratuity

Experience History Period Ending

March 31, 2014 March 31, 2013 March 31, 2012 March 31, 2011

Defined Benefit Obligation at end of theperiod

(614) (402) (230) (102)

Plan Assets at end of the period 520 393 - -

Funded Status [Surplus/ (Deficit)] (94) (9) (230) (102)

Experience Gain/ (Loss) adjustments onplan liabilities

(53) (62) (48) (8)

Experience Gain/ (Loss) adjustments onplan assets

(3) 1 - -

Experience Gain/ (Loss) due to changeof assumption

75 (63) 4 -

*Experience history of four years since company was formed in FY 2010-11 only.

B) Provident Fund

84


During the period the company has recognized Rs. 529 Million (Previous year Rs. 372 Million) in the Statement of Profit and Loss in relation tocontribution to Ericsson Employee Provident Fund Trust.

(i) Liabilities recognised in Balance Sheet

Particulars Interest shortfall on Provident Fund


Actuarial Liability 22 20

Fair Value of Assets 27 18

Net Liability Nil 2

(ii) Major Category of Plan Assets as a % of total Plan Assets


Central/State Government Securities 63.60% 60.64%

Public / Private Sector Bonds 36.33% 39.26%

Mutual Funds 0.07% 0.10%

The expected rate of return on assets is determined based on the assessment made at the beginning of the year on the return expected on itsexisting portfolio, along with the estimated increment to the plan assets and expected yield on the respective assets in the portfolio during theyear.

(iii) Expense recognized in the Statement of Profit and Loss

85




Interest Cost Nil 2

(iv) Actuarial Assumptions


Discount Rate 9.25% 8.10%

Expected Rate of return 8.75% 8.60%

Disclosure related to Provident Fund is limited to extent information provided by actuary.

20. Other Expenses


Travelling and Conveyance

IT Service Cost

Technical Consultancy

Rent Charges

Provision for Doubtful Debts

Training, Conference and Seminar

Bad Debts Written off

4683

2854

1073

807

442

385

260

3371

2042

927

405

-

310

-

86


Communication

Accounting Services

Electricity and Water

Repair and Maintenance Others

Advertisement and Business Promotion

Printing and Stationery

Loss on Sale/Disposal of fixed assets, net

Payment to Auditors

As Auditors:

Audit Fees

Tax Audit Fees

Others

Insurance

Misc. Expenses

184

64

120

619

-

7

15

1

1

1

9

419

158

92

85

443

16

11

19

1

1

1

5

263

Total

11944

8150

21. Finance Cost


87


Interest on Short Term Loans from Bank * *

Total * *

*Amount is below the rounding off norm adopted by the Company.

22. Depreciation and Amortisation Expense


Depreciation on Tangible Assets

Amortisation on Intangible Assets

1309

56

867

11

Total

1365

878

23. Earning Per Share


Basic/ Diluted EPS

4319

38853000

111.16

10

2290

38853000

58.94

10

Profit after tax

Weighted average number of shares outstanding

Basis/ Diluted EPS (Rs.)

Face value per share (Rs.)

24. Earnings in Foreign Currency (on accrual basis)

88



Revenue from Services 31004 20053

Total

31004 20053

25. Expenditure in Foreign Currency (on accrual basis)


Technical Consultancy

IT Service Cost

Training, Conference and Seminar

Traveling & Conveyance

Others

1307

1 788

203

-

-

911

1114

91

1

4

Total

3298

2121

26. Amount of Unhedged Exposure

a) Derivative Instruments outstanding at the Reporting Date:

89



Currency

3

238

35

2083

*

*

-

-

EUR

(Equivalent INR)

USD

(Equivalent INR)

b) Particulars of Unhedged Foreign Currency Exposures as at the Reporting Date


Unhedged amount

USD

(Equivalent INR)

EUR

(Equivalent INR)

41

2438

3

249

2

-

*

*

90


SEK

(Equivalent INR)

GBP

(Equivalent INR)

CAD

(Equivalent INR)

-

(2)

-

(1)

-

(1)

-

-

-

-

-

-

c) Mark to Market Losses


Market to Market Losses Provided for - 1

*Amount is below the rounding off norm adpted by the Company.

91


27. Segment Information

The business segments are as follows:

A Primary Segment Reporting (by Business Segment)

i Composition of Business Segments

The Companys business segments are defined based on nature of serrvices provided, which are as follows:

- Network Operating , System Integration & Software support Services:

The segment is engaged in the business of providing specialized services in terms of operating the network and supporting the same throughprovision of engineering services in line with the accounting policy for revenue recognition (refer note 2.5). This segment also includes consultingand system integration services. In addition to above services, software support services in the nature of first and second line support services arealso provided.

-Research & Development Services:

The segment is engaged in the business of doing research and delivering software-based solutions for telecommunication industry in line with theaccounting policy for revenue recognition (refer note 2.5).

ii Segment Revenue, Results and Other Information

Particulars

Network Operation, SystemIntegration & Software Support

Research & DevelopmentServices

Total

2013-14 2012-13 2013-14 2012-13 2013-14 2012-13

Revenue

Result

Segment Assets

29632

4709

8770

20001

2940

6872

4810

550

912

2651

375

409

34442

5259

9682

22652

3315

7281

92


Segment Liabilities

Capital Expenditure

Depreciation

Non Cash Expenses other thanDepreciation

5159

1167

1192

286

3034

1914

866

263

830

290

173

56

407

10

12

47

5989

1457

1365

342

3441

1924

878

310

iii Reconciliation of Reporting Segments with the Financial Statements

Particulars

Revenues Results/

Net Profit

Assets Liabilities

2013-14 2012-13 2013-14 2012-13 2013-14 2012-13 2013-14 2012-13

Total of ReportableSegment

Corporate/ Unallocated(Net)

Income Tax

Deferred Tax

As per FinancialStatements

34442

371

-

-

34813

-

22652

495

-

-

23147

-

5259

240

(1461)

281

4319

(0)

3315

45

(1175)

105

2290

-

9682

4728

376

511

15297

-

7281

1132

-

230

8643

-

5989

138

-

-

6127

-

3441

76

274

-

3791

-

B Secondary Segment (Geographic Segment)

For the purpose of geographical segment, sales are divided into two segments- exports and domestic.

Particulars

Domestic Exports Total

2013-14 2012-13 2013-14 2012-13 2013-14 2012-13

93


Revenues

Total Assets

3438

8409

2599

4915

31004

6888

20054

3728

34442

15297

22652

8643

28. Related Party Disclosures

a. List of Related Parties

Parties where control exists:

Holding Company

TELEFONAKTIEBOLAGET LM ERICSSON

Other related Parties with whom transactions have taken place during the year:

Fellow Subsidiaries

ERICSSON TELECOMUNICACOES LDA.

ERICSSON SUB-SAHARAN AFRICA

ERICSSON AB ANGOLA BRANCH

EAB BRANCH UNITED ARAB EMIRATE

ERICSSON AB AFGANISTAN BRANCH

ERICSSON AB BO ARMENIA

ERICSSON AB BO AZERBAIJAN

ERICSSON AB BR. OFF. BARBADOS

ERICSSON AB BR.OFF. BURKINO FA

ERICSSON AB BAHRAIN BRANCH

ERICSSON AB SUCCURSALE BENIN

ERICSSON AB BOTSWANA BRANCH

ERICSSON AB BR. REPUBLIC CONGO

ERICSSON CONGO KINSHASA

ERICSSON AB IVORY COAST

EAB CYPRUS BRANCH

ERICSSON REP LICA DOMINICANA?

ERICSSON AB GABON BRANCH

ERICSSON RADIO SYSTEMSAB GHANA

ERICSSON GUINEA CONAKRY

ERICSSON BRANCH OFFICE JAMAICA

94


ERICSSON AB JORDAN

ERICSSON AB BO MADAGASCAR

ERICSSON AB BO MALTA

ERICSSON AB BRANCH MALAWI

ERICSSON MOZAMBIQUE

ERICSSON AB BR. OFFICE NIGER

ERICSSON AB,SUCURSAL NICARAGUA

ERICSSON BR PALESTINE

ERICSSON AB

EAB RWANDA BRANCH

ERICSSON AB KSA BRANCH

ERICSSON AB SIERRA LEONE BRANC

ERICSSON AB SURINAM BRANCH

ERICSSON AB SUCCURSALE TCHAD

ERICSSON AB SA SUCCURSALE DU

ERICSSON AB BRANCH OFF TUNISIA

ERICSSON AB TRINIDAD ANDTOBAGO

ERICSSON BRANCH OFFICE TANZANI

ERICSSON AB BRANCH UGANDA

ERICSSON AB ZAMBIA BRANCH

ERICSSON (CHINA) COMMUNICATIONS

COMPANIA ERICSSON URUGUAY S.A.

COMPANIA ERICSSON S.A.C.I.

ERICSSON CHILE S.A.

COMPANIA ERICSSON SOCIEDAD ANO

CIA ANONIMA ERICSSON

ERICSSON CAMEROON

ERICSSON AB

AUDIOLOG GROUPE ERICSSON S.A.S

ERICSSON ALGERIE S.A.R.L.

ERICSSON AG

ERICSSON BRANCH OFFICE BOLIVIA

ERICSSON S.A./N.V.

ERICSSON ARASTIRMA

ERICSSON (MALAYSIA) SDH BHD

ERICSSON CORPORATIA AO

95


ERICSSON (THAILAND) LTD.

ERICSSON SPOL. S.R.O.

ERICSSON TELECOMUNICACOES S.A.

ERICSSON DE COLOMBIA S.A.

ERICSSON GMBH

ERICSSON IT SOLUTIONS & SERVIC

ERICSSON DE GUATEMALA S.A.

ERICSSON DE PANAMA S.A.

ERICSSON EESTI AS

ERICSSON EGYPT LTD.

ERICSSON ESPANA S.A.

ERICSSON GEORGIA LTD

ERICSSON INDIA GLOBAL SERVICES

ERICSSON LTD.

ERICSSON DE HONDURAS S.A.

P.T. ERICSSON INDONESIA

ERICSSON INDIA PRIVATE LTD.

ERICSSON KENYA LIMITED

ERICSSON KAZAKHSTAN LLP

ERICSSON LEBANON COMMUNICATION

ERICSSON-LG CO., LTD.

UAB ERICSSON LIETUVA

SIA ERICSSON LATVIA

ERICSSON CANADA INC.

ERICSSON TELECOMMUNICATIONS SR

ERICSSON MAROC SARL

ERICSSON MYANMAR COMPANY LIMIT

ERICSSON TELEKOMUNIKASYON A.S.

ERICSSON NETWORK SERVICES B.V

ERICSSON TELECOMMUNICATIONS PT

ERICSSON TELECOMMUNICATIONS IN

ERICSSON COMMUNICATIONS LTD.

LM ERICSSON ISRAEL LTD.

ERICSSON AUSTRALIA PTY. LTD.

PRIDE S.P.A.

96


ERICSSON TELECOMMUNICATIONS RO

ERICSSON CARIBBEAN INC.

ERICSSON DEL PARAGUAY S.A.

ERICSSON DE COSTA RICA S.A.

ERICSSON TAIWAN LTD.

ERICSSON SOUTH AFRICA (PTY) LT

ERICSSON AB (ESE)

ERICSSON FRANCE S.A.

ERICSSON TELECOMMUNICATIONS LA

ERICSSON EL SALVADOR S.A. DE C

ERICSSON TELECOMMUNICATIONS BU

ERICSSON (HELLAS) TELECOMMUNIC

ERICSSON HUNGARY LTD.

ERICSSON NIKOLA TESLA

ERICSSON LTD.

ERICSSON TELECOMMUNICATIE B.V.

ERICSSON A/S


ERICSSON VIETNAM CO LTD

ERICSSON INC.

ERICSSON D.O.O.

ERICSSON D.O.O. ZA TELECOMUNI

ERICSSON ZIMBABWE (PTY) LTD.

ERICSSON RESOURCE & COMPETENCE

ERICSSON INTERNATIONAL SERVICE

KUWAIT ERICSSON TELEPHONE

ERICSSON TELEKOMMUNIKATION GMBH.

L M ERICSSON A/S


OY L M ERICSSON AB

L M ERICSSON LIMITED

L M ERICSSON (NIGERIA) LTD.

NIPPON ERICSSON K.K.

ERICSSON OMAN LLC

ERICSSON REGIONAL OFFICE, JORD

ERICSSON SLOVAKIA SPOL. S.R.O.

97


ERICSSON AUSTRIA AG

ERICSSON SENEGAL

OPTIMI SPAIN S.L.U.

ERICSSON SERV ADM MEXICO S.A

ERICSSON DE ECUADOR C.A.

ERICSSON TELECOMUNICAZIONI SPA

TELCORDIA TECHNOLOGIES

ERICSSON TELECOM S.A DE C.V.

ERICSSON BROADCAST SERVICES FR

ERICSSON BROADCAST SERVICES UK

TELEFONAKTIEBOLAGET LM EAB UAE

ERICSSON AB LIBYA BRANCH

ERICSSON TELECOM MACEDONIA LTD

NEDERLANDS OMROEPPRODUCKTIE

ERICSSON TELEVISION LIMITED

ERICSSON TELEVISION INC.

ERICSSON, SUBSIDIARY ENTERPRISE

CONCEPTWAVE SOFTWARE INC.


Key Management Personnel:

Mr. Mats Robert Agervi , Managing Director

Mr. Abhay Kumar Vaish, Director

Mr. Debasish Roy Chowdhury, CFO & Director

Mr. Amitabh Ray , Director (Resigned on 28th November, 2013)

b. Transactions with related parties during the period in ordinary course of business

b Particulars Fellow Subsidiaries Holding Company Total

Particulars 2013-14 2012-13 2013-14 2012-13 2013-14 2012-13

i. Rendering of Services

Ericsson AB 18757 13673 18757 13673

98


Ericsson Inc. 4288 1513 4288 1513

Ericsson India Private Ltd. 3438 2599 3438 2599

Telefonaktiebolaget LMEricsson

0 337 0 337 0

Others 7622 4867 7622 4867

Grand total 34105 22652 337 0 34442 22652

Ii Particulars Fellow Subsidiaries Holding Company Total

Particulars 2013-14 2012-13 2013-14 2012-13 2013-14 2012-13

ii. Receipt of Services

Ericsson AB 2430 1647 2430 1647

Ericsson International ServicesB.V.

393 285 393 285



125 1 125 1

Others 49 87 49 87

Grand total 3202 2372 125 1 3327 2373

Particulars Fellow Subsidiaries Holding Company Total

Particulars 2013-14 2012-13 2013-14 2012-13 2013-14 2012-13

iii. Bad Debts written off andProvisions for Doubtful Debts

Bad Debts:

Ericsson Egypt Ltd. 186 0 186 0

99


Compania Ericsson S.A.C.I. 8 0 8 0

Cia Anonima Ericsson 3 0 3 0


Total 259 0 259 0

Provision for Doubtful Debts:




Total 441 0 441 0


Particulars 2013-14 2012-13 2013-14 2012-13 2013-14 2012-13

iv. Transfer of Employees Balances

Ericsson India PrivateLimited

Liabilities 5 1 5 1


Particulars 2013-14 2012-13 2013-14 2012-13 2013-14 2012-13

v. Purchase of Fixed Assets


10 246 10 246

100


Others 11 13 11 13

Grand total 21 259 21 259

c. Outstanding recoverable balance (net) as at the year end


Particulars 2013-14 2012-13 2013-14 2012-13 2013-14 2012-13

Ericsson AB 1728 91 1728 91

Ericsson Inc. 680 529 680 529


Ericsson Ab - Saudi ArabiaBranch

257 89 257 89


58 0 58 0

Others 1656 1351 1656 1351

Grand total 4599 2821 58 0 4657 2821

d. Managerial remuneration & other reimbursements to Key Management Personnel *

Particulars Year Ended March 31, 2014 Year Ended March 31, 2013

Mr. Mats Robert Agervi 34 32

Mr. Abhay Kumar Vaish 13 12

Mr. Debasish Roy Chowdhury 18 17

Mr. Amitabh Ray 25 32

Total 90 93

101


*Key Management Personnel are covered under the Companys gratuity and leave encashment scheme along with the other employees of theCompany. The gratuity/ leave encashment liability is determined for all employees based on an independent actuarial valuation. The specificamount of gratuity/ leave encashment for Key Management Personnel cannot be ascertained separately and accordingly the same has notbeen included above.

29. The company has operating lease for office premises. These lease arrangements range for a period between 3 to 9 years, which includes

cancelable and non- cancelable leases. Most of the leases are renewable for further period on mutually agreeable terms and also includesescalation clauses.

Particulars Payable in the next 1 Year Payable in the next 2 to 5 Years

Particulars As at 31st March,2014

As at 31st March, 2013 As at 31st March, 2014 As at 31st March,2013

Minimum Lease Payments 515 256 262 120

During the period the company has recognised lease rent of Rs. 807 Millions (Previous year Rs 405 Million) in Statement of Profit & Loss.

30. CIF Value of Imports

Particulars 2013-14 2012-13

Capital Assets 47 111

Total 47 111

31. Estimated amount of contracts remaining to be executed on capital account - Rs. 193 Million (Previous year Rs.98 Million).

102


32. (a) Liabilities pertaining to group companies amounting to Rs. 38 Million (Previous year Rs 75 Million) are under reconciliation and have

not been accounted for by the company.

32. (b) The bank has given guarantee of Rs. 0.10 Million (Previous year Rs 0.64 Million) to government authorities on behalf of the company.\

33. The Company is not compensating its holding company for the grants made to the employees of the Company and accordingly, there are nocosts being reflected in the financial statements. However the disclosure requirements of the Guidance Note issued by the Institute ofChartered Accountants of India on accounting for employee share based payments have been complied with (except for the requirementsprovided under para 51(b) of the said Guidance Note in relation to the weighted average fair value at the grant date for which, relevantinformation is not readily available with the company) and are given hereunder:

Stock Purchase Plan (SPP)

Scheme Employees Stock Purchase Plan of Telefonaktiebolaget LM Ericsson (LME).-the HoldingCompany.

Name of Plans SPP 2011



Applicability All employees of Ericsson India Global Services Private Limited

Employee Contribution Maximum of 7.5% of gross base salary per month

Details of the Scheme An employee who participates in the SPP and remains employed within Ericsson group, andretains shares bought with their contribution for a period of 3 years from the investment datewill be entitled to one free matching share for each share held.

In addition to this, some of the key employees may be entitled to an additional matching of uptoeight shares under Key Contributor and Performance Matching Programs.

34. The Company has established a comprehensive system of maintenance of information and documents as required by the transfer pricingregulation under sections 92-92F of the Income-Tax Act, 1961. The management is of the opinion that its international transactions are atarms length so that the aforesaid legislation will not have any impact on the financial statements particularly on the amount of tax expenseand that of provision for taxation. The transfer pricing under the Income Tax Act, in respect of transactions with the group companies for theyear will be completed before the filing of tax return for the assessment year 2014-15. The transfer pricing study for the fiscal year endedMarch 31, 2014 is in progress and its not expected to result in any material adjustment to the financial statement.

35. The Company has certain dues to suppliers registered under Micro, Small and Medium Enterprises Development Act, 2006 (MSMED Act).The disclosures pursuant to the said MSMED Act are as follows:

Particulars Year Ended March 31,2014

Absolute figures INR

Year Ended March 31,2013

Absolute figures INR

Principal amount due to suppliers registered under the MSMED Act and remaining 49058 337811

103


unpaid as at year end

Interest due to suppliers registered under the MSMED Act and remaining unpaid as atyear end

0 5791

Principal amounts paid to suppliers registered under the MSMED Act, beyond theappointed day during the year

9842429 24215782

Interest paid, other than under Section 16 of MSMED Act, to suppliers registeredunder the MSMED Act, beyond the appointed day during the year

0 0

Interest paid, under Section 16 of MSMED Act, to suppliers registered under theMSMED Act, beyond the appointed day during the year

0 0

Interest due and payable towards suppliers registered under MSMED Act, forpayments already made

1048877 725200

Further interest remaining due and payable for earlier years 0 0

36. The Company has entered into Asset Transfer Agreement and Employee Transfer Agreement on July 30th, 2013 with ST Ericsson IndiaPrivate Limited. Pursuant to agreements entered into by the Company, the following assets and liabilities were acquired by the Company:

Asset acquired under "Asset Transfer Agreement"

Tangible Assets 263

Liabilities acquired under "Employee Transfer Agreement"

Gratuity 23

Leave Encashment 7

Variable Compensation 30

Total 60

37. Previous year figures have also been reclassified to conform to this years classification.

104



Firm Registration No. 304026E


Mats Robert Agervi

Managing Director

Debasish Roy Chowdhury

Director

Harinderjit Singh

Partner

Membership No. 086994


Company Secratary

Place : Gurgaon

Dated : June 25, 2014

[201200] Notes - Employee benefits


to 31/03/2014

Disclosure of employee benefits explanatory [TextBlock] Textual information (34) [See below]

105



Disclosure of employee benefits explanatory [Text Block](a) Defined Contribution Plans During the year the company has recognised Rs. 108 Million (Previous year Rs. 82 Million) in the Statement of Profit and Loss in relation tocontribution to Regional Provident Fund Commissioner. (b) Defined Benefit Plans

A) Gratuity (i) Present Value of Defined Benefit Obligations


Balance at the beginning of the year Service cost Interest cost Actuarial loss/(gain) Acquisition Liability/ Cost Benefits Paid

402 184 32 (22) 27 (9)

230 158 19 (2) - (3)


614

402

(ii) Fair value of Plan Assets


Balance at the beginning of the year Contribution by company Benefits paid Expected return Actuarial Gain/(Loss) Acquisition Adjustment

393 100 (9) 35 (3) 4

220 150 (2) 24 1 -


520

393

106


(iii) Major Category of Plan Assets as a % of total Plan Assets


Public/ Private Insurance Companies The expected rate of return on assets is determined based on theassessment made at the beginning of the year on the return expectedon its existing portfolio, along with the estimated increment to theplan assets and expected yield on the respective assets in the portfolioduring the year.

100% 100%

(iv) Liabilities recognised in Balance Sheet


Present value of Defined Benefits Less: Fair value of Plan Assets

Amount recognised as liability

Liability Recognised as under: Long term Provision

614 520

402 393

94 9

94

9

Total

94

9

(v) Expense recognized in the Statement of Profit and Loss


Current Service cost Interest cost Net actuarial loss/(gain) recognized Expected Return on plan assets

184 32 (22) (35)

158 19 (2) (24)

Net amount recognized

159

151

(vi) Actuarial Assumptions

Particulars Gratuity


Discount Rate Expected rate of return on Plan Assets Rate of increase in Compensation

9.25% 8.00% 9.50%

8.10% 8.00% 9.50%

The estimates of future salary increases, considered in actuarial valuation, takes into account, inflation, seniority, promotions and other relevantfactors, such as demand and supply in the employment market.

107


Gratuity

Experience History Period Ending

March 31, 2014 March 31, 2013 March 31, 2012 March 31, 2011

Defined Benefit Obligation at end ofthe period

(614) (402) (230) (102)

Plan Assets at end of the period 520 393 - -

Funded Status [Surplus/ (Deficit)] (94) (9) (230) (102)

Experience Gain/ (Loss) adjustments onplan liabilities

(53) (62) (48) (8)

Experience Gain/ (Loss) adjustments onplan assets

(3) 1 - -

Experience Gain/ (Loss) due to changeof assumption

75 (63) 4 -

*Experience history of four years since company was formed in FY 2010-11 only. B) Provident Fund During the period the company has recognized Rs. 529 Million (Previous year Rs. 372 Million) in the Statement of Profit and Loss in relation tocontribution to Ericsson Employee Provident Fund Trust. (i) Liabilities recognised in Balance Sheet



Actuarial Liability 22 20

Fair Value of Assets 27 18

Net Liability Nil 2

(ii) Major Category of Plan Assets as a % of total Plan Assets


Central/State Government Securities 63.60% 60.64%

Public / Private Sector Bonds 36.33% 39.26%

Mutual Funds 0.07% 0.10%

The expected rate of return on assets is determined based on the assessment made at the beginning of the year on the return expected on itsexisting portfolio, along with the estimated increment to the plan assets and expected yield on the respective assets in the portfolio during theyear. (iii) Expense recognized in the Statement of Profit and Loss


108



Interest Cost Nil 2

(iv) Actuarial Assumptions


Discount Rate 9.25% 8.10%

Expected Rate of return 8.75% 8.60%

Disclosure related to Provident Fund is limited to extent information provided by actuary.

[201300] Notes - Segments


to 31/03/2014

Disclosure of enterprise's reportable segments explanatory [TextBlock] Textual information (35) [See below]

109



Disclosure of enterprise's reportable segments explanatory [Text Block]27. Segment Information

The business segments are as follows:

A Primary Segment Reporting (by Business Segment)

i Composition of Business Segments

The Company?s business segments are defined based on nature of serrvices provided, which are as follows:

- Network Operating , System Integration & Software support Services:

The segment is engaged in the business of providing specialized services in terms of operating the network and supporting the same throughprovision of engineering services in line with the accounting policy for revenue recognition (refer note 2.5). This segment also includes consultingand system integration services. In addition to above services, software support services in the nature of first and second line support services arealso provided.

-Research & Development Services: The segment is engaged in the business of doing research and delivering software-based solutions for telecommunication industry in line with theaccounting policy for revenue recognition (refer note 2.5). ii Segment Revenue, Results and Other Information

Particulars

Network Operation, SystemIntegration & Software Support

Research & DevelopmentServices

Total

2013-14 2012-13 2013-14 2012-13 2013-14 2012-13

Revenue Result Segment Assets Segment Liabilities Capital Expenditure Depreciation Non Cash Expenses other thanDepreciation

29632 4709 8770 5159 1167 1192 286

20001 2940 6872 3034 1914 866 263

4810 550 912 830 290 173 56

2651 375 409 407 10 12 47

34442 5259 9682 5989 1457 1365 342

22652 3315 7281 3441 1924 878 310

iii Reconciliation of Reporting Segments with the Financial Statements

Particulars

Revenues Results/Net Profit

Assets Liabilities

2013-14 2012-13 2013-14 2012-13 2013-14 2012-13 2013-14 2012-13

Total of Reportable Segment Corporate/ Unallocated (Net) Income Tax Deferred Tax

34442 371 - -

22652 495 - -

5259 240 (1461) 281

3315 45 (1175) 105

9682 4728 376 511

7281 1132 - 230

5989 138 - -

3441 76 274 -

110


As per Financial Statements

34813 -

23147 -

4319 (0)

2290 -

15297 -

8643 -

6127 -

3791 -

B Secondary Segment (Geographic Segment) For the purpose of geographical segment, sales are divided into two segments- exports and domestic.

Particulars

Domestic Exports Total

2013-14 2012-13 2013-14 2012-13 2013-14 2012-13

Revenues Total Assets

3438 8409

2599 4915

31004 6888

20054 3728

34442 15297

22652 8643

[201600] Notes - Related party

Disclosure of relationship and transactions between related parties [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INRCategories of related parties [Axis] 1 2

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013 Disclosure of relationship and transactions between related parties [Abstract] Disclosure of relationship and transactions between related parties [LineItems]

Name of related party Ericsson AB Ericsson ABEricsson India PrivateLimited


Country of incorporation or residence of related party

SWEDEN SWEDEN INDIA INDIA

Permanent account number of related party AAACE0138N AAACE0138N

CIN of related party U74899DL1992PTC047977 U74899DL1992PTC047977

Description of nature of related party relationship Fellow Subsidiarycompany

Fellow Subsidiarycompany

Fellow Subsidiary company Fellow Subsidiary company

Related party transactions [Abstract] Purchases of tangible assets related party transactions

10 246

Services received related party transactions 2,430 1,647 330 353

Revenue from rendering of services related party transactions

18,757 13,673 3,438 2,599

Outstanding balances for related party transactions [Abstract] Amounts receivable related party transactions 1,728 91 278 761

Amount written off during period in respect of debts due from related parties

62 0

Description of other related party transactions which are necessary for understanding of financial statements

5 1

111




01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


Name of related party E r i c s s o nInternationalServices B.V.

Ericsson InternationalServices B.V.

Ericsson Ab- SaudiArabia Branch

Ericsson Ab- SaudiArabia Branch


NETHERLANDS NETHERLANDS SAUDI ARABIA SAUDI ARABIA





Related party transactions [Abstract] Services received related party transactions 393 285

Outstanding balances for related party transactions [Abstract] Amounts receivable related party transactions 257 89



01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013 Disclosure of relationship and transactions between related parties [Abstract] Disclosure of relationship and transactions between related parties [LineItems] Name of related party Ercisson Egypt Ltd Ercisson Egypt Ltd Ericsson Inc. Ericsson Inc.


EGYPT EGYPT UNITED STATES UNITED STATES





Related party transactions [Abstract] Revenue from rendering of services related party transactions

4,288 1,513

Outstanding balances for related party transactions [Abstract] Amounts receivable related party transactions 680 529

Provisions for doubtful debts related to outstanding balances of related party transaction

400 0


186 0

112




01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


Name of related party Others OthersCompania EricssonS.A.C.I.

Compania EricssonS.A.C.I.


SWEDEN SWEDEN ARGENTINA ARGENTINA





Related party transactions [Abstract] Purchases of tangible assets related party transactions

11 13

Services received related party transactions 49 87


7,622 4,867

Outstanding balances for related party transactions [Abstract] Amounts receivable related party transactions 1,656 1,351


34 0


8 0



01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


Name of related party Cia AnonimaEricsson

Cia Anonima Ericsson Mat Robert Agervi Mat Robert Agervi


VENEZUELA,BOLIVARIANREPUBLIC OF

VENEZUELA,BOLIVARIANREPUBLIC OF



Key ManagementPersonnel


Transaction relating to key management personnel [Abstract] Remuneration for key managerial personnel 34 32

Outstanding balances for related party transactions [Abstract] Provisions for doubtful debts related to outstanding balances of related party transaction

7 0


3 0

113




01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


Name of related party Abhay Kumar Vaish Abhay Kumar VaishDebasish RoyChowdhury

Debasish RoyChowdhury

Description of nature of related party relationship Key ManagementPersonnel




Transaction relating to key management personnel [Abstract] Remuneration for key managerial personnel 13 12 18 17



01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


Name of related party Amitabh Ray Amitabh RayTelefonktiebolagetLMEricsson

TelefonktiebolagetLMEricsson


SWEDEN SWEDEN

Description of nature of related party relationship Key ManagementPersonnel


Holding company Holding company

Related party transactions [Abstract] Services received related party transactions 125 1


337 0

Transaction relating to key management personnel [Abstract] Remuneration for key managerial personnel 25 32

Outstanding balances for related party transactions [Abstract] Amounts receivable related party transactions 58


0


to 31/03/2014

01/04/2012 to

31/03/2013

Disclosure of notes on related party explanatory [TextBlock] Textual information (36) [See below]

Whether there are any related party transactions during year Yes Yes

Whether company is subsidiary company Yes Yes

Section under which company is subsidiary Section 4(1)(b) Section 4(1)(b)

114



Disclosure of notes on related party explanatory [Text Block]28. Related Party Disclosures

a. List of Related Parties

Parties where control exists:

Holding Company


Other related Parties with whom transactions have taken place during the year:

Fellow Subsidiaries

ERICSSON TELECOMUNICACOES LDA.

ERICSSON SUB-SAHARAN AFRICA

ERICSSON AB BRANCH ANGOLA

EAB BRANCH UNITED ARAB EMIRATE

ERICSSON AB AFGANISTAN BRANCH

ERICSSON AB BO ARMENIA

ERICSSON AB BO AZERBAIJAN

ERICSSON AB BR. OFF. BARBADOS

ERICSSON AB BR.OFF. BURKINO FA

ERICSSON AB BRANCH BAHRAIN

ERICSSON AB SUCCURSALE BENIN

ERICSSON AB BRANCH BOTSWANA

ERICSSON AB BR. REPUBLIC CONGO

ERICSSON CONGO KINSHASA

ERICSSON AB IVORY COAST

EAB BRANCH CYPRUS

ERICSSON REPÚBLICA DOMINICANA

ERICSSON AB BRANCH GABON

ERICSSON RADIO SYSTEMSAB GHANA

ERICSSON GUINEA CONAKRY

ERICSSON BRANCH OFFICE JAMAICA

ERICSSON AB JORDAN

ERICSSON AB BO MADAGASCAR

ERICSSON AB BO MALTA

115


ERICSSON AB BRANCH MALAWI

ERICSSON MOZAMBIQUE

ERICSSON AB BR. OFFICE NIGER

ERICSSON AB,SUCURSAL NICARAGUA

ERICSSON BR PALESTINE

ERICSSON AB

EAB BRANCH RWANDA

ERICSSON AB KSA BRANCH

ERICSSON AB SIERRA LEONE BRANC

ERICSSON AB BRANCH SURINAM

ERICSSON AB SUCCURSALE TCHAD

ERICSSON AB SA SUCCURSALE DU

ERICSSON AB BRANCH OFF TUNISIA

ERICSSON AB ANDTOBAGOTRINIDAD

ERICSSON BRANCH OFFICE TANZANI

ERICSSON AB BRANCH UGANDA

ERICSSON AB BRANCH ZAMBIA

ERICSSON ( ) COMMUNICATIONS CHINA

COMPANIA ERICSSON URUGUAY S.A.

COMPANIA ERICSSON S.A.C.I.

ERICSSON CHILE S.A.

COMPANIA ERICSSON SOCIEDAD ANO

CIA ANONIMA ERICSSON

ERICSSON CAMEROON

ERICSSON AB

AUDIOLOG GROUPE ERICSSON S.A.S

ERICSSON ALGERIE S.A.R.L.

ERICSSON AG

ERICSSON BRANCH OFFICE BOLIVIA

ERICSSON S.A./N.V.

ERICSSON ARASTIRMA

ERICSSON ( ) SDH BHD MALAYSIA

ERICSSON CORPORATIA AO

ERICSSON (THAILAND) LTD.

ERICSSON SPOL. S.R.O.

116


ERICSSON TELECOMUNICACOES S.A.

ERICSSON DE COLOMBIA S.A.

ERICSSON GMBH

ERICSSON IT SOLUTIONS & SERVIC

ERICSSON DE GUATEMALA S.A.

ERICSSON DE PANAMA S.A.

ERICSSON EESTI AS

ERICSSON EGYPT LTD.

ERICSSON ESPANA S.A.

ERICSSON GEORGIA LTD

ERICSSON GLOBAL SERVICES INDIA

ERICSSON LTD.

ERICSSON DE HONDURAS S.A.

P.T. ERICSSON INDONESIA

ERICSSON INDIA PRIVATE LTD.

ERICSSON KENYA LIMITED

ERICSSON LLP KAZAKHSTAN

ERICSSON COMMUNICATION LEBANON

ERICSSON-LG CO., LTD.

UAB ERICSSON LIETUVA

SIA ERICSSON LATVIA

ERICSSON CANADA INC.

ERICSSON TELECOMMUNICATIONS SR

ERICSSON MAROC SARL

ERICSSON MYANMAR COMPANY LIMIT

ERICSSON TELEKOMUNIKASYON A.S.

ERICSSON NETWORK SERVICES B.V

ERICSSON TELECOMMUNICATIONS PT

ERICSSON TELECOMMUNICATIONS IN

ERICSSON COMMUNICATIONS LTD.

LM ERICSSON ISRAEL LTD.

ERICSSON AUSTRALIA PTY. LTD.

PRIDE S.P.A.


ERICSSON CARIBBEAN INC.

ERICSSON DEL PARAGUAY S.A.

117


ERICSSON DE COSTA RICA S.A.

ERICSSON TAIWAN LTD.

ERICSSON (PTY) LT SOUTH AFRICA

ERICSSON AB (ESE)

ERICSSON FRANCE S.A.

ERICSSON TELECOMMUNICATIONS LA

ERICSSON EL SALVADOR S.A. DE C

ERICSSON TELECOMMUNICATIONS BU

ERICSSON ( ) TELECOMMUNICHELLAS

ERICSSON HUNGARY LTD.

ERICSSON NIKOLA TESLA

ERICSSON LTD.

ERICSSON TELECOMMUNICATIE B.V.

ERICSSON A/S


ERICSSON VIETNAM CO LTD

ERICSSON INC.

ERICSSON D.O.O.

ERICSSON D.O.O. ZA TELECOMUNI

ERICSSON ZIMBABWE (PTY) LTD.

ERICSSON RESOURCE & COMPETENCE

ERICSSON INTERNATIONAL SERVICE

ERICSSON TELEPHONE KUWAIT

ERICSSON TELEKOMMUNIKATION GMBH.

L M ERICSSON A/S


OY L M ERICSSON AB

L M ERICSSON LIMITED

L M ERICSSON (NIGERIA) LTD.

NIPPON ERICSSON K.K.

ERICSSON LLC OMAN

ERICSSON REGIONAL OFFICE, JORD

ERICSSON SLOVAKIA SPOL. S.R.O.

ERICSSON AUSTRIA AG

ERICSSON SENEGAL

OPTIMI SPAIN S.L.U.

118


ERICSSON SERV ADM S.A MEXICO

ERICSSON DE ECUADOR C.A.

ERICSSON TELECOMUNICAZIONI SPA


ERICSSON TELECOM S.A DE C.V.

ERICSSON BROADCAST SERVICES FR

ERICSSON BROADCAST SERVICES UK

TELEFONAKTIEBOLAGET LM EAB UAE

ERICSSON AB BRANCH LIBYA

ERICSSON TELECOM MACEDONIA LTD

NEDERLANDS OMROEPPRODUCKTIE

ERICSSON TELEVISION LIMITED

ERICSSON TELEVISION INC.

ERICSSON, SUBSIDIARY ENTERPRISE

CONCEPTWAVE SOFTWARE INC.


Key Management Personnel:

Mr. Mats Robert Agervi , Managing Director

Mr. Abhay Kumar Vaish, Director

Mr. Debasish Roy Chowdhury, CFO & Director

Mr. Amitabh Ray , Director (Resigned on 28th November, 2013)

b. Transactions with related parties during the period in ordinary course of business

b Particulars Fellow Subsidiaries Holding Company Total

Particulars 2013-14 2012-13 2013-14 2012-13 2013-14 2012-13

i. Rendering of Services

Ericsson AB 18757 13673 18757 13673

Ericsson Inc. 4288 1513 4288 1513


Telefonaktiebolaget LM Ericsson 0 337 0 337 0

Others 7622 4867 7622 4867

Grand total 34105 22652 337 0 34442 22652

119


Ii Particulars Fellow Subsidiaries Holding Company Total

Particulars 2013-14 2012-13 2013-14 2012-13 2013-14 2012-13

ii. Receipt of Services

Ericsson AB 2430 1647 2430 1647

Ericsson International ServicesB.V.

393 285 393 285


Telefonaktiebolaget LM Ericsson 125 1 125 1

Others 49 87 49 87

Grand total 3202 2372 125 1 3327 2373


Particulars 2013-14 2012-13 2013-14 2012-13 2013-14 2012-13

iii. Bad Debts written off and Provisionsfor Doubtful Debts

Bad Debts:





Total 259 0 259 0

Provision for Doubtful Debts:




Total 441 0 441 0


Particulars 2013-14 2012-13 2013-14 2012-13 2013-14 2012-13

iv. Transfer of Employees Balances

120


Ericsson India Private Limited

Liabilities 5 1 5 1


Particulars 2013-14 2012-13 2013-14 2012-13 2013-14 2012-13

v. Purchase of Fixed Assets

Ericsson India Private Limited 10 246 10 246

Others 11 13 11 13

Grand total 21 259 21 259

c. Outstanding recoverable balance (net) as at the year end


Particulars 2013-14 2012-13 2013-14 2012-13 2013-14 2012-13

Ericsson AB 1728 91 1728 91

Ericsson Inc. 680 529 680 529


Ericsson Ab - Branch Saudi Arabia 257 89 257 89

Telefonaktiebolaget LM Ericsson 58 0 58 0

Others 1656 1351 1656 1351

Grand total 4599 2821 58 0 4657 2821

d. Managerial remuneration & other reimbursements to Key Management Personnel *Particulars Year Ended March 31, 2014 Year Ended March 31, 2013

Mr. Mats Robert Agervi 34 32

Mr. Abhay Kumar Vaish 13 12

Mr. Debasish Roy Chowdhury 18 17

Mr. Amitabh Ray 25 32

Total 90 93

*Key Management Personnel are covered under the Company?s gratuity and leave encashment scheme along with the other employees of

121


the Company. The gratuity/ leave encashment liability is determined for all employees based on an independent actuarial valuation. Thespecific amount of gratuity/ leave encashment for Key Management Personnel cannot be ascertained separately and accordingly the same hasnot been included above.

[300300] Notes - Earnings per share


to 31/03/2014

01/04/2012 to

31/03/2013Disclosure of earnings per share explanatory [TextBlock] Adjustments of numerator to calculate basic earnings per share [Abstract] Profit (loss) for period 4,319 2,290

Adjustments of numerator to calculate diluted earnings per share [Abstract] Profit (loss) for period 4,319 2,290

[202800] Notes - Subsidiary information


to 31/03/2014

Disclosure of subsidiary information explanatory [TextBlock] Whether company has subsidiary companies No

[201900] Notes - Income taxes

Unless otherwise specified, all monetary values are in Millions of INR31/03/2014 31/03/2013

Disclosure of notes on income taxes explanatory [TextBlock] Disclosure of breakup of deferred tax assets and deferred tax liabilities [Abstract] Components of deferred tax assets [Abstract]

Deferred tax asset, employee benefits (A) 118 (B) 89

Deferred tax asset, fixed assets (C) 147 (D) 61

Deferred tax asset, provision doubtful debts 95 0

Deferred tax asset, other (E) 151 (F) 80

Total deferred tax assets 511 230

Footnotes (A) Provision for gratuity and leave encashment

(B) Provision for gratuity and leave encashment

(C) Difference between WDV of fixed assets as per books and under Income tax Act, 1961

(D) Difference between WDV of fixed assets as per books and under Income tax Act, 1961

(E) bonus payable

(F) bonus payable

122


[202400] Notes - Investments in associates


to 31/03/2014

Disclosure of notes on investment in associates explanatory [TextBlock] Whether company has invested in associates No

[202500] Notes - Financial reporting of interests in joint ventures


to 31/03/2014

Disclosure of notes on interests in joint ventures explanatory [TextBlock] Whether company has invested in joint ventures No

[202700] Notes - Cash flow statements


to 31/03/2014

01/04/2012 to

31/03/201331/03/2012

Disclosure of cash flow statement explanatory [TextBlock] Cash and cash equivalents if different from balance sheet [Abstract] Cash and cash equivalents cash flow statement 4,421 1,003 126

Total cash and cash equivalents 4,421 1,003

Income taxes paid (refund) [Abstract] Income taxes paid (refund), classified as operating activities 2,111 1,209

Total income taxes paid (refund) 2,111 1,209

balance sheet

Documents

board of directors

date of signing board

board report lineitems

board report axis

board report table

boards report

annual report

directors meeting