Balance Sheet of Bharti Airtel

Balance Sheet of Bharti Airtel------------------- in Rs. Cr. -------------------

Mar '14Mar '13Mar '12Mar '11Mar '10

12 mths12 mths12 mths12 mths12 mths

Sources Of Funds

Total Share Capital1,998.701,898.801,898.801,898.801,898.77

Equity Share Capital1,998.701,898.801,898.801,898.801,898.77

Share Application Money0.000.000.000.00186.09

Preference Share Capital0.000.000.000.000.00

Reserves64,729.3052,247.4047,530.8042,212.8034,650.19

Networth66,728.0054,146.2049,429.6044,111.6036,735.05

Secured Loans1.40-1,236.502.9017.1039.43

Unsecured Loans8,521.3014,216.3014,126.5010,216.004,999.49

Total Debt8,522.7012,979.8014,129.4010,233.105,038.92

Total Liabilities75,250.7067,126.0063,559.0054,344.7041,773.97



Application Of Funds

Gross Block73,949.2071,911.8063,885.4059,457.9044,212.53

Less: Revaluation Reserves0.000.000.000.002.13

Less: Accum. Depreciation34,071.0028,729.2023,444.6018,757.2016,187.56

Net Block39,878.2043,182.6040,440.8040,700.7028,022.84

Capital Work in Progress1,244.201,030.804,466.506,479.201,594.74

Investments34,523.9028,199.1012,337.8011,813.0015,773.32

Inventories1.102.1032.1034.4027.24

Sundry Debtors2,165.502,246.802,134.501,461.902,104.98

Cash and Bank Balance446.00362.70481.20133.2054.89

Total Current Assets2,612.602,611.602,647.801,629.502,187.11

Loans and Advances19,945.2012,859.1020,430.8010,960.207,072.42

Fixed Deposits0.000.000.000.00761.86

Total CA, Loans & Advances22,557.8015,470.7023,078.6012,589.7010,021.39

Deferred Credit0.000.000.000.000.00

Current Liabilities21,798.6020,061.7016,067.2016,610.3012,979.55

Provisions1,154.80695.50697.50627.60658.75

Total CL & Provisions22,953.4020,757.2016,764.7017,237.9013,638.30

Net Current Assets-395.60-5,286.506,313.90-4,648.20-3,616.91

Miscellaneous Expenses0.000.000.000.000.00

Total Assets75,250.7067,126.0063,559.0054,344.7041,773.99

Contingent Liabilities87,232.10123,273.008,261.106,852.103,921.50

Book Value (Rs)166.93142.58130.16116.1696.24

Source :Dion Global Solutions Limited

Bharti AirtelPrevious Years

Profit & Loss account of Bharti Airtel------------------- in Rs. Cr. -------------------



Income

Sales Turnover49,918.5045,350.9041,603.8038,017.7035,609.54

Excise Duty0.000.000.000.000.00

Net Sales49,918.5045,350.9041,603.8038,017.7035,609.54

Other Income646.301,463.10624.70321.201,118.46

Stock Adjustments0.000.000.000.00-34.91

Total Income50,564.8046,814.0042,228.5038,338.9036,693.09

Expenditure

Raw Materials0.00183.60236.50353.10278.72

Power & Fuel Cost4,169.703,569.900.000.000.00

Employee Cost1,648.101,511.301,391.501,451.201,401.66

Other Manufacturing Expenses12,771.9012,121.0010,502.809,277.5011,882.41

Selling and Admin Expenses0.000.000.000.006,856.42

Miscellaneous Expenses15,030.0014,494.4015,829.3013,595.601,482.39

Preoperative Exp Capitalised0.000.000.000.00-293.31

Total Expenses33,619.7031,880.2027,960.1024,677.4021,608.29



Operating Profit16,298.8013,470.7013,643.7013,340.3013,966.34

PBDIT16,945.1014,933.8014,268.4013,661.5015,084.80

Interest1,336.401,652.301,396.20324.10283.35

PBDT15,608.7013,281.5012,872.2013,337.4014,801.45

Depreciation7,231.306,826.705,916.004,611.603,890.08

Other Written Off0.000.000.000.00207.84

Profit Before Tax8,377.406,454.806,956.208,725.8010,703.53

Extra-ordinary items0.000.000.000.00-50.78

PBT (Post Extra-ord Items)8,377.406,454.806,956.208,725.8010,652.75

Tax1,777.201,358.501,226.201,008.901,177.87

Reported Net Profit6,600.205,096.305,730.007,716.909,426.15

Total Value Addition33,619.7031,696.6027,723.6024,324.3021,329.56

Preference Dividend0.000.000.000.000.00

Equity Dividend719.50379.80379.80379.80379.79

Corporate Dividend Tax62.200.0061.6060.1064.55

Per share data (annualised)

Shares in issue (lakhs)39,974.0037,975.3037,975.3037,975.3037,975.30

Earning Per Share (Rs)16.5113.4215.0920.3224.82

Equity Dividend (%)36.0020.0020.0020.0020.00

Book Value (Rs)166.93142.58130.16116.1696.24


Yearly Results of Bharti Airtel------------------- in Rs. Cr. -------------------


Net Sales/Income from operations49,918.5045,350.9041,603.8038,015.8035,609.54

Other Operating Income----------

Total Income From Operations49,918.5045,350.9041,603.8038,015.8035,609.54

EXPENDITURE

Consumption of Raw Materials----------

Purchase of Traded Goods2.201.9018.30----

Increase/Decrease in Stocks----------

Power & Fuel4,169.703,569.902,972.70----

Employees Cost1,648.101,511.301,391.501,451.201,530.55

Depreciation7,231.306,826.705,916.004,193.703,890.08

Excise Duty----------

Admin. And Selling Expenses------5,315.504,645.06

R & D Expenses----------

Provisions And Contingencies----------

Exp. Capitalised----------

Other Expenses27,799.7026,797.1023,577.6018,311.7015,789.98

P/L Before Other Inc. , Int., Excpt. Items & Tax9,067.506,644.007,727.708,743.709,753.87

Other Income853.401,463.10624.70112.9089.73

P/L Before Int., Excpt. Items & Tax9,920.908,107.108,352.408,856.609,843.60

Interest1,336.401,652.301,396.20130.80-855.65

P/L Before Exceptional Items & Tax8,584.506,454.806,956.208,725.8010,699.25

Exceptional Items-207.10--------

P/L Before Tax8,377.406,454.806,956.208,725.8010,699.25

Tax1,777.201,358.501,226.201,008.901,273.09

P/L After Tax from Ordinary Activities6,600.205,096.305,730.007,716.909,426.16

Prior Year Adjustments----------

Extra Ordinary Items----------

Net Profit/(Loss) For the Period6,600.205,096.305,730.007,716.909,426.16

Equity Share Capital1,998.701,898.801,898.801,898.801,898.77

Reserves Excluding Revaluation Reserves64,727.2052,245.3047,528.7042,210.7034,836.28

Equity Dividend Rate (%)36.0020.0020.0020.00--

EPS Before Extra Ordinary

Basic EPS16.6813.4215.0920.32--

Diluted EPS16.6813.4215.0920.32--

EPS After Extra Ordinary

Basic EPS16.6813.4215.0920.32--

Diluted EPS16.6813.4215.0920.32--

Public Share Holding

No Of Shares (Crores)138.61119.43119.64120.41122.17

Share Holding (%)34.6831.4531.5031.7132.17

Promoters and Promoter Group Shareholding

a) Pledged/Encumbered

- Number of shares (Crores)----------

- Per. of shares (as a % of the total sh. of prom. and promoter group)----------

- Per. of shares (as a % of the total Share Cap. of the company)----------

b) Non-encumbered

- Number of shares (Crores)261.13260.32260.11259.34--

- Per. of shares (as a % of the total sh. of prom. and promoter group)100.00100.00100.00100.00--

- Per. of shares (as a % of the total Share Cap. of the company)65.3268.5568.5068.29--

Cash Flow of Bharti Airtel------------------- in Rs. Cr. -------------------



Net Profit Before Tax8377.406454.806956.208725.8010699.25

Net Cash From Operating Activities16022.0013884.7011437.8013293.2012692.63

Net Cash (used in)/fromInvesting Activities-17086.30-10725.90-12611.80-19102.10-10601.66

Net Cash (used in)/from Financing Activities1182.20-3185.701400.805594.80-2539.32

Net (decrease)/increase In Cash and Cash Equivalents117.90-26.90226.80-214.10-448.35

Opening Cash & Cash Equivalents327.90354.80128.00342.10789.88

Closing Cash & Cash Equivalents445.80327.90354.80128.00341.53


Key Financial Ratios of Bharti Airtel


Investment Valuation Ratios

Face Value5.005.005.005.005.00

Dividend Per Share1.801.001.001.001.00

Operating Profit Per Share (Rs)40.7735.4735.9335.1336.65

Net Operating Profit Per Share (Rs)124.88119.42109.55100.1193.77

Free Reserves Per Share (Rs)--------84.64

Bonus in Equity Capital78.3782.4982.4982.4982.49

Profitability Ratios

Operating Profit Margin(%)32.6529.7032.7935.0839.08

Profit Before Interest And Tax Margin(%)17.8514.1918.2922.7628.04

Gross Profit Margin(%)18.1614.6518.5722.9528.15

Cash Profit Margin(%)27.6525.4627.5732.1535.25

Adjusted Cash Margin(%)27.6525.4627.5732.1535.25

Net Profit Margin(%)12.9910.8813.5620.1226.36

Adjusted Net Profit Margin(%)12.9910.8813.5620.1226.36

Return On Capital Employed(%)13.1812.0713.1416.6523.86

Return On Net Worth(%)9.899.4111.5917.4925.79

Adjusted Return on Net Worth(%)10.209.4111.5917.4923.27

Return on Assets Excluding Revaluations166.93142.58130.16116.1696.24

Return on Assets Including Revaluations166.93142.58130.16116.1696.25

Return on Long Term Funds(%)13.4012.6614.4817.5424.36

Liquidity And Solvency Ratios

Current Ratio0.930.651.020.630.70

Quick Ratio0.980.751.370.730.67

Debt Equity Ratio0.130.240.290.230.14

Long Term Debt Equity Ratio0.110.180.170.170.12

Debt Coverage Ratios

Interest Cover7.424.915.9827.9285.82

Total Debt to Owners Fund0.130.240.290.230.14

Financial Charges Coverage Ratio12.839.0410.2242.1549.64

Financial Charges Coverage Ratio Post Tax11.358.229.3439.0448.73

Management Efficiency Ratios

Inventory Turnover Ratio45,380.4521,595.671,296.071,105.171,307.05

Debtors Turnover Ratio22.6320.7023.1421.3215.30

Investments Turnover Ratio45,380.4521,595.671,296.071,105.171,307.05

Fixed Assets Turnover Ratio0.860.820.840.820.88

Total Assets Turnover Ratio0.840.900.840.920.93

Asset Turnover Ratio0.700.690.710.790.92

Average Raw Material Holding----------

Average Finished Goods Held--------0.41

Number of Days In Working Capital-17.92-53.4743.95-52.34-36.57

Profit & Loss Account Ratios

Material Cost Composition--0.400.560.920.78

Imported Composition of Raw Materials Consumed----------

Selling Distribution Cost Composition--------6.75

Expenses as Composition of Total Sales7.016.134.834.775.03

Cash Flow Indicator Ratios

Dividend Payout Ratio Net Profit10.907.456.624.924.02

Dividend Payout Ratio Cash Profit5.203.183.263.082.80

Earning Retention Ratio89.4492.5593.3895.0895.54

Cash Earning Retention Ratio94.8896.8296.7496.9296.99

AdjustedCash Flow Times0.611.091.210.830.40


Earnings Per Share16.5113.4215.0920.3224.82

Book Value166.93142.58130.16116.1696.24


Capital Structure (Bharti Airtel)

PeriodInstrumentAuthorized CapitalIssued Capital- P A I D U P -

FromTo(Rs. cr)(Rs. cr)Shares (nos)Face ValueCapital

20132014Equity Share25001998.7399740010251998.7

20122013Equity Share25001898.77379753009651898.77

20112012Equity Share25001898.77379753009651898.77

20102011Equity Share25001898.77379753009651898.77

20092010Equity Share25001898.77379753009651898.77

20082009Equity Share25001898.241898239796101898.24

20072008Equity Share25001897.911897907446101897.91

20062007Equity Share25001895.931895934157101895.93

20052006Equity Share25001893.881893879304101893.88

20042005Equity Share25001853.371853366767101853.37

20032004Equity Share25001853.371853366767101853.37

20022003Equity Share25001853.371853366767101853.37

20012002Equity Share25001853.371853366767101853.37

20002001Equity Share110106.2410623506010106.24


Operating Profit & OPMOperating Profit gives an indication of the current operational profitability of the business and allows a comparison of profitability between different companies after removing out expenses that can obscure how the company is really performing.

Interest cost depends on the management's choice of financing, tax can vary widely depending on acquisitions and losses in prior years, and depreciation and amortization policies may differ from company to company.CATEGORY OFSHAREHOLDERNO. OFSHARE-HOLDERSTOTAL NO.OF SHARESTOTAL NO. OFSHARES HELD INDEMATERIALIZEDFORMTOTAL SHAREHOLDING AS A % OF TOTAL NO. OF SHARESAS A % OF(A+B)AS A % OF(A+B+C)SHARES PLEDGED OROTHERWISE ENCUMBEREDNUMBER OFSHARESAS A % OF TOTALNO. OF SHARES

(A) Shareholding of Promoter and Promoter Group

(1) Indian

Bodies Corporate21,747,545,4601,747,545,46043.7243.72--

Sub Total21,747,545,4601,747,545,46043.7243.72--

(2) Foreign

Bodies Corporate3857,180,286857,180,28621.4421.44--

Any Others (Specify)18,493,0008,493,0000.210.21--

Foreign Institutional Investor18,493,0008,493,0000.210.21--

Sub Total4865,673,286865,673,28621.6621.66--

Total shareholding of Promoter and Promoter Group (A)62,613,218,7462,613,218,74665.3765.37--

(B) Public Shareholding

(1) Institutions

Mutual Funds / UTI23698,718,55998,718,5592.472.47--

Financial Institutions / Banks345,261,5745,261,5740.130.13--

Insurance Companies57192,958,032192,958,0324.834.83--

Foreign Institutional Investors617688,629,770688,629,77017.2317.23--

Qualified Foreign Investor14,0004,000----

Any Others (Specify)3511,930,98011,930,9800.300.30--

Foreign Portolio Investor ( Corporate)3511,930,98011,930,9800.300.30--

Sub Total980997,502,915997,502,91524.9524.95--

(2) Non-Institutions

Bodies Corporate2,243133,474,545128,030,2753.343.34--

Individuals------

Individual shareholders holding nominal share capital up to Rs. 1 lakh240,86032,508,36632,499,5530.810.81--

Individual shareholders holding nominal share capital in excess of Rs. 1 lakh986,888,0446,888,0440.170.17--

Any Others (Specify)5,962213,807,486213,807,4865.355.35--

Foreign Nationals15757----

Foreign Corporate Bodies2204,952,716204,952,7165.135.13--

Non Resident Indians5,7152,408,9092,408,9090.060.06--

Trusts385,788,5365,788,5360.140.14--

Clearing Members206657,268657,2680.020.02--

Sub Total249,163386,678,441381,225,3589.679.67--

Total Public shareholding (B)250,1431,384,181,3561,378,728,27334.6334.63--

Total (A)+(B)250,1493,997,400,1023,991,947,019100.00100.00--

(C) Shares held by Custodians and against which Depository Receipts have been issued-m-------

(1)------

(2)------

Sub Total------

Total (A)+(B)+(C)250,1493,997,400,1023,991,947,019-100.00--

Ratios(Rs crore)Mar ' 14Mar ' 13Mar ' 12Mar ' 11Mar ' 10

Per share ratios

Adjusted EPS (Rs)17.0313.4215.0920.3222.40

Adjusted cash EPS (Rs)35.1231.4030.6732.4633.19

Reported EPS (Rs)16.5113.4215.0920.3224.82

Reported cash EPS (Rs)34.6031.4030.6732.4635.61

Dividend per share1.801.001.001.001.00

Operating profit per share (Rs)40.7735.4735.9335.1336.65

Book value (excl rev res) per share EPS (Rs)166.93142.58130.16116.1696.24

Book value (incl rev res) per share EPS (Rs)166.93142.58130.16116.1696.25

Net operating income per share EPS (Rs)124.88119.42109.55100.1193.77

Free reserves per share EPS (Rs)----84.64

Profitability ratios

Operating margin (%)32.6529.7032.7935.0839.08

Gross profit margin (%)18.1614.6518.5722.9528.15

Net profit margin (%)12.9910.8813.5620.1226.36

Adjusted cash margin (%)27.6525.4627.5732.1535.25

Adjusted return on net worth (%)10.209.4111.5917.4923.27

Reported return on net worth (%)9.899.4111.5917.4925.79

Return on long term funds (%)13.4012.6614.4817.5424.36

Leverage ratios

Long term debt / Equity0.100.180.160.160.11

Total debt/equity0.120.230.280.230.13

Owners fund as % of total source88.6780.6677.7681.1787.88

Fixed assets turnover ratio0.700.690.700.790.92

Liquidity ratios

Current ratio0.980.741.380.730.73

Current ratio (inc. st loans)0.930.641.020.620.70

Quick ratio0.980.741.370.720.67

Inventory turnover ratio45,380.4521,595.671,296.071,105.171,307.05

Payout ratios

Dividend payout ratio (net profit)10.907.456.624.924.71

Dividend payout ratio (cash profit)5.203.183.263.083.28

Earning retention ratio89.4492.5593.3895.0894.78

Cash earnings retention ratio94.8896.8296.7496.9296.48

Coverage ratios

Adjusted cash flow time total debt0.601.091.210.830.39

Financial charges coverage ratio12.839.0410.2242.1549.64

Fin. charges cov.ratio (post tax)11.358.229.3439.0448.73

Component ratios

Material cost component (% earnings)-0.400.560.920.78

Selling cost Component----6.75

Exports as percent of total sales7.016.134.834.775.03

Import comp. in raw mat. consumed-----

Long term assets / total Assets0.720.780.650.780.80

Bonus component in equity capital (%)78.3782.4982.4982.4982.49

Documents

Balance Sheet of Bharti Airtel