bharti annual report

7/31/2019 Bharti Annual Report

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A presentation by: Gaurav Khurana,Jeetkhandelwal,Karan Dhingra,Nisha Raisetia.


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Introduction

3G auction.Corporate information.

Acquisitions.

Chairman's message.Management discussion and analysis.

Director's report.

Report on corporate governance.

CSR.

Financial statements with Auditors report.


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Airtel, is an Indian telecommunications company that

operates in 20 countries across South Asia, Africa and theChannel Islands. It operates a GSM network in all

countries, providing 2G or 3G services depending uponthe country of operation. Airtel is the fifth largest telecom

operator in the world.


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Airtel is the highest spender in the two-monthlong auction process for 3G and BWA (broadband

wireless access) that ended on June 12,2010.Bhartis total outgo is Rs 15,609 crore towards 3Gand BWA. While it spent Rs12,295 crore on 3Gspectrum, it would pay Rs3314 crore for BWAbandwidth.


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Sunil Mittal-owned Bharti Airtel acquired 70% stake inWarid Telecom of Bangladesh for $300 mn (about Rs 1,363crore).Warid Telecom, a wholly-owned subsidiary of theDhabi Group, offers mobile telecom services with a user

base of over 2.9 million in Bangladesh.

The Company entered the league of global telcos by completingthe acquisition of Zain Groups (Zain) mobile operations in 15countries across Africa on June 8, 2010. The Company later alsoacquired Telecom Seychelles Limited expanding its overallpresence to 19 countries across the globe.


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Sunil BhartiMittal

Akhil Gupta Chua Sock Koong

N. Kumar Ajay Lal Craig Ehrlich


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DirectorsMr. Sunil Bharti MittalChairman & Managing Director

Mr. Manoj Kohli

CEO (International) & Joint Managing Director

Non-executive directors

Mr. Ajay Lal

Mr. Akhil GuptaMs. Chua Sock Koong

Mr. Craig Ehrlich

Lord Evan Mervyn Davies

Mr. Hui Weng Cheong


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The bigger challenge for the Company, however, is inbuilding a unified global character embodying thehighest

standards of corporate governance that Airtel is so proud

of. In the last ten months, we have initiated synchronisedaction on multiple fronts people leadership, brand

presence and the business eco-system.

Sunil Bharti Mittal


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Corporate Information-Contd

CEO (India & South Asia)

Mr. Sanjay Kapoor

Group General Counsel & Company Secretary

Ms. Vijaya Sampath

Statutory Auditors

M/s. S. R. Batliboi & Associates,

Chartered Accountants

Internal Auditors

M/s. PricewaterhouseCoopers Private Limited

M/s. ANB Consulting Private Limited


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Based on statement of operations

Revenue graph.


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EBDTA ( in Million)

Based on balance sheet


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Liquidity

The Company has suitable commercial arrangementswith its creditors, healthy cash flows and sufficientstandby credit lines with banks and financialinstitutions to meet its working capital cycles. As of

March 31, 2011, the Company had cash and cashequivalents of 9,575 Mn and short term investments of` 6,224 Mn .

general reserve

Out of the total profit of ` 77,169 Mn on astandalone basis for the financial year endedMarch 31, 2011, an amount of 5,800 Mn has

been transferred to the General Reserve


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DividendThe Board recommends a final dividend of ` 1 per equity share of

` 5 each (20% of face value) for the financial year 2010-11. The total

dividend payout inclusive of ` 616 Mn tax on dividend, will amount

to ` 4,414 Mn. The payment of dividend is subject to the approval

of the shareholders at the ensuing annual general meeting of the

Company Subsidiary companies.

Subsidary company:

As on March 31, 2011, the Company has 113 subsidiary companies

as set out in annual report.


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capital mkt. ratingss at March 31, 2011, Bharti Airtel has outstanding ratings with four

institutions, two domestic rating agencies, viz. CRISIL and ICRA, andwo international rating agencies, viz. Fitch Ratings and S&P.


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Bharti Airtel believes that business success is not an end in itself;

rather it is a means to achieve higher socio-economic goals. The

Company is committed to its stakeholders to conduct its business in

a responsible manner.

To ensure inclusive growth and impact society in a positive way,

he Company undertook several initiatives in 2010-11 in the social

welfare space while strengthening existing projects.

THE SATYA BHARTI SCHOOL PROGRAMME , The Satya BhartiSchool programme incorporates various teaching

practices and follows a structured methodology in addressing some

of the long-standing challenges of rural education.


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Good Corporate Governance practices are characterised by a firm

commitment and adoption of ethical practices by an organisationin all its dealing with a wide group of stakeholders. CorporateGovernance goes beyond the practices enshrined in the laws andis imbibed in the basic business ethics and values that needs to beadhered to in letter and spirit. However a transparent, ethical andresponsible corporate governance framework essentially emanatesfrom the intrinsic will and passion for good governance ingrainedin the organisation.

The corporate governance structure of our Company is multi-tiered,comprising governing/functional business management boards atvarious levels, each of which is interlinked in the following manner:STRATEGIC SUPERVISION AND DIRECTIONCONTROL AND IMPLEMENTATION

OPERATION MANAGEMENT


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The Company deploys a robust system of

internal controls that facilitates the accurate and timely compilationof financial statements and management reports; ensures regulatoryand statutory compliance; and safeguards investors interest byensuring highest level of governance and periodic communication

with investors. In India M/s. PricewaterhouseCoopers PrivateLimited and M/s. ANB Consulting Private Limited are the joint

internal auditors of the Company and submit quarterly audit reportsto the Audit Committee.

The Company has taken several steps to further strengthen theinternal control systems in Africa including significant improvement

in the quality and frequency of various reconciliations, expansionof the scope and coverage of revenue assurance checks, segregationof duties, self-validation checks at the operating company level,training and educating key personnel on internal control aspects,IT security improvements, etc. with regard to Oracle ERP systems..

bharti annual report

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