CK

Consolidated Financial Statements

Consolidated Balance Sheet as at March 31, 2018

` Mn
Particulars Notes As at As at
March 31, 2018 March 31, 2017
ASSETS
Non-current assets
Property, plant and equipment 7 244,549.33 228,442.96
Capital work-in-progress 6,512.98 13,302.99
Goodwill on consolidation 61.20 61.20
Other Intangible assets 8 552,308.61 539,128.25
Intangible assets under development 8 29,339.89 62,048.00
Financial assets
Investments accounted for using the equity method 9 16,601.12 14,784.75
Long term loans to employees 24.00 25.93
Other non-current financial assets 10 4,180.01 4,864.75
Deferred tax assets(net) (refer note 56) 12,051.57 368.97
Other non-current assets 11 17,797.36 27,693.89
Total non-current assets (A) 883,426.07 890,721.69
Current assets
Inventories 12 366.65 587.97
Financial assets
Current investments 13 56,304.30 48,997.52
Trade receivables 14 8,873.86 13,139.21
Cash and cash equivalents 15 193.15 782.46
Bank balance other than cash and cash equivalents 16 98.19 44.97
Current portion of loans to employees 20.16 20.75
Other current financial assets 17 313.74 399.09
Current tax assets (Net) 7,751.69 25.10
Other current assets 18 17,914.97 12,312.07
Total current assets (B) 91,836.71 76,309.14
Assets classified as held for sale (AHFS) (refer note 40(i)) (C) 19 10,508.87 16.11
Total Assets (A+B+C) 985,771.65 967,046.94
EQUITY AND LIABILITIES
Equity
Equity share capital 20 43,593.21 36,053.28
Other equity 21 229,031.39 211,269.16
Total equity (A) 272,624.60 247,322.44
Liabilities
Non-current liabilities
Financial liabilities
Long term borrowings 22 569,408.00 516,378.28
Other non-current financial liabilities 23 26,061.68 10,381.81
Long term provisions 24 3,107.49 3,842.29
Deferred tax liabilities (net) (refer note 56) 659.35 13,587.10
Other non-current liabilities 25 5,601.19 4,920.46
Total non-current liabilities (B) 604,837.71 549,109.94
Current liabilities
Financial liabilities
Short term borrowings 26 216.94 347.09
Trade payables (refer note 58) 35,479.09 40,776.67
Other current financial liabilities 27 43,820.06 102,560.08
Other current liabilities 28 26,597.11 26,732.08
Short term provisions 29 223.69 198.64
Total current liabilities (C) 106,336.89 170,614.56
Liabilities classified as held for sale (refer note 40(i)) (D) 1,972.45 -
Total Equity and Liabilities (A+B+C+D) 985,771.65 967,046.94
The accompanying notes are an integral part of the Financial Statements
As per our report of even date
For S.R. Batliboi & Associates LLP For and on behalf of the Board of Directors of Idea Cellular Limited
Chartered Accountants
ICAI Firm Registration No: 101049W/E300004
Prashant Singhal Arun Thiagarajan Tarjani Vakil
Partner Director Director
Membership No.: 93283 (DIN No. 00292757) (DIN No. 00009603)
Himanshu Kapania Akshaya Moondra Pankaj Kapdeo
Managing Director Whole time Director & Company Secretary
Place : Mumbai (DIN No. 03387441) Chief Financial Officer
Date : April 28, 2018 (DIN No. 02606784)

156    Vodafone Idea Limited (formerly Idea Cellular Limited)

CK

Consolidated Financial Statements

Consolidated Statement of Profit and Loss for the year ended March 31, 2018

` Mn
Particulars Notes For the year ended For the year ended
March 31, 2018 March 31, 2017
INCOME
Service revenue 282,419.89 355,298.44
Sale of Trading Goods 51.28 228.11
Other operating income 30 318.22 230.82
Revenue from operations 282,789.39 355,757.37
Other income 31 3,529.30 3,069.35
TOTAL INCOME 286,318.69 358,826.72
OPERATING EXPENDITURE
Cost of Trading Goods 72.58 279.19
Employee benefit expenses 32 15,430.43 17,976.45
Network expenses and IT outsourcing cost 33 97,333.64 101,817.03
License fees and spectrum usage charges 34 28,667.17 40,514.83
Roaming and access charges 35 35,357.85 42,754.44
Subscriber acquisition and servicing expenditure 36 27,942.25 30,282.23
Advertisement, business promotion expenditure and content cost 37 8,147.50 9,412.50
Other expenses 38 9,362.43 10,284.10
222,313.85 253,320.77
PROFIT BEFORE FINANCE COSTS, DEPRECIATION, AMORTISATION, SHARE
OF PROFIT/(LOSS) OF JOINT VENTURE AND ASSOCIATES AND TAX 64,004.84 105,505.95
Fair value (gain) / loss on Compulsorily Convertible Preference Shares (CCPS) - 290.15
Finance costs 39 48,129.69 39,794.37
Depreciation 7 50,629.75 49,913.76
Amortisation 8 33,461.21 28,358.28
LOSS BEFORE TAX AND SHARE OF PROFIT / (LOSS) OF
JOINT VENTURE AND ASSOCIATE (68,215.81) (12,850.61)
Add: Share in Profits of Joint Venture 3,457.88 4,302.93
Add: Share in Loss of Associate (234.35) (84.67)
LOSS BEFORE TAX (64,992.28) (8,632.35)
Tax expense:
- Current tax 55 1,233.90 990.09
- Deferred tax 55 (24,544.58) (5,625.48)
LOSS AFTER TAX (41,681.60) (3,996.96)
OTHER COMPREHENSIVE INCOME / (LOSS)
Items not to be reclassified to profit or loss in subsequent periods:
Re-measurement gains/ (losses) of defined benefit plans 52 441.41 (56.82)
Income tax effect 55 (151.81) 19.30
Group’s share in other comprehensive income of joint venture (6.92) (5.82)
and associate (net of taxes)
Other comprehensive income / (loss) for the year, net of tax 282.68 (43.34)
TOTAL COMPREHENSIVE LOSS FOR THE YEAR (41,398.92) (4,040.30)
Earnings per equity share of ` 10 each: 57
Basic (`) (11.36) (1.23)
Diluted (`) (11.36) (1.23)
The accompanying notes are an integral part of the Financial Statements

As per our report of even date

For S.R. Batliboi & Associates LLP For and on behalf of the Board of Directors of Idea Cellular Limited
Chartered Accountants
ICAI Firm Registration No: 101049W/E300004
Prashant Singhal Arun Thiagarajan Tarjani Vakil
Partner Director Director
Membership No.: 93283 (DIN No. 00292757) (DIN No. 00009603)
Himanshu Kapania Akshaya Moondra Pankaj Kapdeo
Managing Director Whole time Director & Company Secretary
Place : Mumbai (DIN No. 03387441) Chief Financial Officer
Date : April 28, 2018 (DIN No. 02606784)

Annual Report 2017-18    157