Bharti Airtel Limited

Integrated Report and Annual Financial Statements 2018-19

Standalone Balance Sheet

As at 31st March 2019
(All amounts are in millions of Indian Rupee)
As of As of
Notes
March 31, 2019 March 31, 2018

Assets
Non-current assets
Property, plant and equipment 6 565,455 476,911
Capital work-in-progress 6 52,970 27,387
Intangible assets 7 751,885 749,183
Intangible assets under development 7 2,703 28,040
Investment in subsidiaries, associates and joint ventures 8 368,009 481,219
Financial assets
- Investments 8 63 63
- Derivative instruments 9 4 80
- Loans and security deposits 10 151,032 66,947
- Others 11 70 260
Income tax assets (net) 10,059 19,595
Deferred tax assets (net) 12 51,512 14,244
Other non-current assets 13 67,887 27,142
2,021,649 1,891,071
Current assets
Inventories 10 63
Financial assets
- Investments 8 16,696 -
- Derivative instruments 9 68 195
- Trade receivables 14 38,490 43,196
- Cash and cash equivalents 15 1,876 4,626
- Other bank balances 15 320 825
- Loans 10 21,244 15,839
- Others 11 12,671 11,837
Other current assets 13 113,831 81,721
205,206 158,302
Total assets 2,226,855 2,049,373
Equity and liabilities
Equity
Share capital 16 19,987 19,987
Other equity 963,606 1,008,622
983,593 1,028,609
Non-current liabilities
Financial liabilities
- Borrowings 18 586,494 544,681
- Derivative instruments 9 320 124
- Others 19 32,920 19,354
Deferred revenue 16,970 18,371
Provisions 20 1,927 1,830
638,631 584,360
Current liabilities
Financial liabilities
- Borrowings 18 229,183 80,680
- Current maturities of long-term borrowings 18 22,222 28,797
- Derivative instruments 9 1,455 228
- Trade payables 22
- total outstanding dues of micro enterprises and small enterprises 31 16
- total outstanding dues of creditors other than micro enterprises and small 191,657 176,974
enterprises
- Others 19 107,950 92,529
Deferred revenue 26,802 30,242
Provisions 20 1,088 1,262
Current tax liabilities (net) 2,248 2,447
Other current liabilities 21 21,995 23,229
604,631 436,404
Total liabilities 1,243,262 1,020,764
Total equity and liabilities 2,226,855 2,049,373

The accompanying notes form an integral part of these standalone financial statements.
As per our report of even date For and on behalf of the Board of Directors of Bharti Airtel Limited
For Deloitte Haskins & Sells LLP
Chartered Accountants
(Firm's Registration No: 117366W / W-100018)

Shyamak R Tata Sunil Bharti Mittal Gopal Vittal

Partner Chairman Managing Director & CEO
Membership No: 38320 DIN: 00042491 (India and South Asia)
DIN: 02291778

Place: New Delhi Badal Bagri Pankaj Tewari

Date: May 6, 2019 Chief Financial Officer Company Secretary

182
 Integrated Report
Statutory Reports
Standalone Balance Sheet & Statement of Profit and Loss Financial Statements

Standalone Statement of Profit and Loss

for the year ended 31st March 2019
(All amounts are in millions of Indian Rupee; except per share data)
For the year ended For the year ended
Notes
March 31, 2019 March 31, 2018

Income
Revenue from operations 24 496,080 536,630
Other income 2,507 2,356
498,587 538,986
Expenses
Network operating expenses 25 161,247 139,512
Access charges 81,739 78,944
License fee / spectrum charges 49,465 55,630
Employee benefits expense 26 14,710 17,209
Sales and marketing expenses 27 25,619 30,519
Other expenses 28 38,394 36,171
371,174 357,985
Profit from operating activities before depreciation, amortisation 127,413 181,001
and exceptional items
Depreciation and amortisation 29 150,876 130,486
Finance costs 30 78,437 59,107
Finance income 30 (23,704) (8,417)
Non-operating expenses 1,890 596
Loss before exceptional items and tax (80,086) (771)
Exceptional items (net) 31 (28,049) 6,041
Loss before tax (52,037) (6,812)
Tax expense / (credit)
Current tax 12 15 (2,204)
Deferred tax 12 (33,762) (5,400)
(Loss) / profit for the year (18,290) 792
Other comprehensive income
Items not to be reclassified to profit or loss:
- Re-measurement gains on defined benefit plans 26 148 87
- Tax charge 12 (52) (30)
Other comprehensive income for the year 96 57
Total comprehensive (loss) / income for the year (18,194) 849
Earnings per share (Face value: J 5/- each)
Basic and diluted (loss) / earnings per share 32 (4.58) 0.20

The accompanying notes form an integral part of these standalone financial statements.

As per our report of even date For and on behalf of the Board of Directors of Bharti Airtel Limited

For Deloitte Haskins & Sells LLP

Chartered Accountants
(Firm's Registration No: 117366W / W-100018)

Shyamak R Tata Sunil Bharti Mittal Gopal Vittal

Partner Chairman Managing Director & CEO
Membership No: 38320 DIN: 00042491 (India and South Asia)
DIN: 02291778

Place: New Delhi Badal Bagri Pankaj Tewari

Date: May 6, 2019 Chief Financial Officer Company Secretary

183