Cash Flow Statement

( ` Millions)

Particulars		For the year ended March 31, 2015	For the year ended March 31, 2015
A. Cash flows from operating activities:
Profit before tax		156,553	83,774
Adjustments for:
Depreciation and amortisation expense		75,597	72,313
Exceptional Items (refer Note 36)		-	2,071
Interest income		(1,396)	(433)
(Profit)/ loss on sale of investments		(34,698)	(2,096)
Finance costs		14,091	13,364
Unrealized foreign exchange (gain) / loss		(853)	(285)
Expenses on employee stock option plan		(6)	(42)
(Profit)/ loss on sale of assets (net)		550	(95)
Dividend income		(13,700)	(4,588)
Operating cash flow before changes in assets and liabilities		196,138	163,983
Adjustments for changes in assets and liabilities :
- (Increase)/decrease in trade receivables		(11,455)	600
- (Increase)/decrease in other receivables		(4,074)	(1,596)
- (Increase)/decrease in inventories		(83)	10
- Increase/(decrease) in trade and other payables		27,260	15,420
- Increase/(decrease) in provisions		148	316
Cash generated from operations		207,934	178,733
CSR expenses paid		(411)	-
Income taxes paid		(28,125)	(18,513)
Net cash flow from / (used in) operating activities		179,398	160,220
B. Cash flows from investing activities:
Purchase of tangible assets		(70,142)	(50,820)
Purchase of intangible assets		(6,900)	(57,289)
Proceeds from sale of tangible assets		501	332
Sale/(Purchase) of investments (net)		(40,392)	8,005
Proceeds from sale/redemption/reduction of shares in subsidiaries/ associates/ joint ventures (net of expenses)		40,499	-
Proceeds from sale of an undertaking under slump sale		-	1,771
Acquisition/ subscription/investment in subsidiaries/ associates/ joint ventures (refer Note 38)		(40,292)	(13,350)
Net movement in advances given to subsidiaries/ associates/ joint ventures		(26,348)	(64,443)
Purchase of bank deposits (with maturity more than three months)		(705)	(791)
Proceeds from maturity of bank deposits (with maturity more than three months)		671	654
Interest received		1,396	218
Dividend received from subsidiary companies		13,700	4,850
Net cash flow from / (used in) investing activities		(128,012)	(170,863)
C. Cash flows from financing activities:
Proceeds from issuance of equity shares to institutional investor		-	67,956
Proceeds from borrowings		23,192	69,914
Repayments of borrowings		(58,138)	(111,219)
Short-term borrowings (net)		3,094	-
Dividend paid		(13,711)	(3,798)
Tax on dividend paid		(2)	-
Interest and other finance charges paid		(6,392)	(11,031)
Net cash flow from / (used in) financing activities		(51,957)	11,822
Net increase / (decrease) in cash and cash equivalents during the year		(571)	1,179
Add : Balance as at the beginning of the year		4,458	3,279
Balance as at the end of the year (refer note 23)		3,887	4,458

Notes:
1.	Figures in brackets indicate cash out flow.
2.	The above cash flow statement has been prepared under the indirect method setout in AS-3 'Cash Flow Statements' notified under Section 133 of the Companies Act, 2013 read with rule 7 of the Companies (Accounts) Rules, 2014 issued by the Ministry of Corporate Affairs.
3.	Cash and cash equivalents also includes ` 35 Mn in unpaid dividend bank account (March 31, 2014- ` 33 Mn) (refer note 23)
4.	Advances given to subsidiaries/ associates/ joint ventures have been reported on net basis.
5.	Previous year figures have been regrouped and recast wherever necessary to conform to the current year classification.

The accompanying notes are an integral part of these financial statements
As per our report of even date For S. R. Batliboi & Associates LLP Chartered Accountants ICAI Firm Registration No: 101049W	For and on behalf of the Board of Directors of Bharti Airtel Limited
per Nilangshu Katriar Partner Membership No: 58814	Sunil Bharti Mittal Chairman	Gopal Vittal Managing Director & CEO (India & South Asia)
Place: New Delhi Date: April 28, 2015	Rajendra Chopra Company Secretary	Srikanth Balachandran Global Chief Financial Officer