BHARTI INFOTEL LIMITED - Airtel

SCHEDULES ANNEXED
TO AND FORMING PART OF ACCOUNTS
Related Party Transactions for 2002-03 (Rs. ’000)
Bharti Bharti Bharti Bharti Bharti Bharti Bharti Bharti Bharti Bharti
Particulars Cellular Teletech Comtel Infotrac Systel Telesoft Healthcare Mobile Aquanet Tele-Ventures
Limited Limited Limited Limited Limited Limited Limited Limited Limited Limited
Opening Balance
(Refer Note 2 below) 304,382 (204) 158,602 639 (6) 2,198 103 5,364 11,851 (10,836,604)
Payment made for expenses
incurred on our behalf 467 8,304 100 – 7,115 270 – 19 – (47,879)
Funds Transferred/(Received)
(net) (Refer Note 4 below) (58,047) – (83,489) – – 744 – (869) 8,020 (3,560,881)
Payment received for
expenses incurred (6,784) – (1,908) – – (333) (103) (174) (1,545) –
Sale/transfer of Assets – – (177,295) – – – – – – 19
Purchase of Assets – (16,769) 505 – (37,347) (850) – – 9 –
Expenses incurred on
behalf of Group Companies 34,067 – 123,186 – – 1,767 – 9,679 14,745 4,039
Expenses incurred by
Group Companies 8,282 (8,813) (24,521) – (8,676) (781) – (4,788) (17,868) (58,642)
Sale of services from
Group Company net of
payment received
(Refer Note 5 below) 132,326 (134) 6,005 (639) – 180 – 57,032 (6,334) 2,656
Purchase of Services from
Group Company net of
payment made
(Refer Note 6 below) (642) 16,097 (2) – 30,934 (2,754) – 1,043 – (168,000)
Others 333 – – – – — –
Closing Balance 414,384 (1,519) 1,183 – (7,980) 441 – 67,306 8,878 (14,665,292)
Unsecured Loan – – – – – – – (1,534) – (14,666,101)
Creditors – (1,519) (2,976) – (7,980) – – – – –
Loan & Advances 235,151 – 4,159 – – – – – 8,878 –
Debtors 179,233 – – – – 441 – 68,840 – 809
Closing Balance 414,384 (1,519) 1,183 – (7,980) 441 – 67,306 8,878 (14,665,292)
Notes:
1. The above excludes provision of telephone services free of cost among the group companies.
2. Bharti Mobinet Limited, Bharti Mobitel Limited, S C Cellular Limited, Cellular division (Himachal Pradesh), have amalgamated with Bharti Cellular Limited.
Bharti Broadband Limited, Bharti Telesonic Limited (including J D Projects Private Limited) have amalgamated with BIL (Formerly Bharti Telenet Limited)
3. Payment made to Key Management Personnel Rs.11,850 thousand.
ANNUAL REPORT 2002-2003 215