BHARAT SANCHAR NIGAM LIMITED Statement of Profit and Loss (All amounts in Rs. lacs, unless otherwise stated ) Notes For the year ended 31 March 2014 For the year ended 31 March 2013 INCOME Revenue from operations 22 2,615,326 2,565,481 Other income 23 184,309 147,308 2,799,635 2,712,789 1,543,584 1,375,782 Total EXPENSES Employee benefit expenses 24 Finance costs 25 21,964 35,147 Depreciation and amortisation expense 13 602,317 833,643 - Administrative, operating and other expenses 26 1,100,765 1,040,235 - License and spectrum fee 29 Other expenses Total Profit/(Loss) before prior period items and tax Prior-period items (net) 27 Profit/(Loss) before tax 224,330 205,236 3,492,960 3,490,043 (693,325) (777,254) (19,094) (18,282) (712,419) (795,536) Tax expense : - Deferred tax Profit/(Loss) for the year 15 10,443 (701,976) 7,092 (788,444) Basic/Diluted earnings per share (in Rs.) Notes 1 to 49 form an integral part of the financial statements. 34 (14.04) (15.77) This is the Statement of Profit and Loss referred to in our report of even date. For and on behalf of Bharat Sanchar Nigam Limited for Walker Chandiok & Co LLP (formerly Walker, Chandiok & Co) Chartered Accountants A. N. Rai Chairman and Managing Director per Atul Seksaria Anupam Shrivastava Partner Director (Finance) Rajeev Singh General Manager (Corporate Accounts) Place : New Delhi H.C.Pant Date : 29 August 2014 Company Secretary and Sr. General Manager (Legal) BHARAT SANCHAR NIGAM LIMITED Balance Sheet (All amounts in Rs. lacs, unless otherwise stated ) Notes As at 31 March 2014 As at 31 March 2013 EQUITY AND LIABILITIES Shareholder's funds Share capital Reserves and surplus Deferred government grant 3 4 5 1,250,000 4,470,295 33,037 5,753,332 1,250,000 5,076,240 37,633 6,363,873 Non-current liabilities Long term borrowings Other long term liabilities Long term provisions 6 7 8 72,000 330,074 783,606 1,185,680 170,318 353,884 687,008 1,211,210 Current liabilities Short term borrowings Trade payables Other current liabilities Short term provisions 9 10 11 12 373,853 870,657 682,363 67,459 1,994,332 256,114 950,092 721,054 53,184 1,980,444 8,933,344 9,555,527 4,144,428 917,677 386,917 923 5,449,945 718,074 23,773 532,684 6,724,476 4,555,753 1,528,885 369,600 1,462 6,455,700 657,511 13,330 683,370 7,809,911 354,728 276,258 93,195 76,344 1,321,806 2,122,331 86,537 377,209 295,339 116,125 93,975 760,510 1,643,158 102,458 8,933,344 9,555,527 TOTAL ASSETS Non-current assets Fixed assets - Tangible assets - Intangible assets - Capital work-in-progress - Intangible assets under development 13 Non-current investments Deferred tax assets (net) Long-term loans and advances 14 15 16 Current assets Inventories Trade receivables Cash and bank balances Short-term loans and advances Other current assets 17 18 19 20 21 Intra/Inter circle remittances 33 TOTAL Notes 1 to 49 form an integral part of the financial statements. This is the Balance Sheet referred to in our report of even date. For and on behalf of Bharat Sanchar Nigam Limited for Walker Chandiok & Co LLP (formerly Walker, Chandiok & Co) Chartered Accountants per Atul Seksaria Partner A. N. Rai Chairman and Managing Director Anupam Shrivastava Director (Finance) Rajeev Singh General Manager (Corporate Accounts) Place : New Delhi Date : 29 August 2014 H.C.Pant Company Secretary and Sr. General Manager (Legal)