ANNUAL REPORT 2009-2010

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED MARCH 31, 2010
(Rupees in Millions)
Particulars Sch For the year ended For the year ended
. March 31, 2010 March 31, 2009
INCOME
Service Revenue 98,383.47 67,199.83
Sales of Trading Goods 187.33 0.07
Other Income 13 215.77 174.55
Total 98,786.57 67,374.45
OPERATING EXPENDITURE
Cost of Trading Goods Sold 14 189.64 0.06
Personnel Expenditure 15 4,676.85 3,417.82
Network Operating Expenditure 16 20,761.57 10,469.53
License and WPC Charges 17 10,958.96 6,851.03
Roaming & Access Charges 18 18,158.81 11,334.41
Subscriber Acquisition & Servicing Expenditure 19 8,145.66 6,469.63
Advertisement and Business Promotion Expenditure 4,265.71 3,224.29
Administration & other Expenses 20 3,824.93 2,895.03
70,982.13 44,661.80
PROFIT BEFORE FINANCE CHARGES, DEPRECIATION,
AMORTIZATION & TAXES 27,804.44 22,712.65
Finance and Treasury Charges (Net) 21 4,507.24 2,776.42
Depreciation 5A 10,967.22 7,568.52
Amortization of Intangible Assets 5B 1,461.34 1,199.10
Non Complete Fee (Refer note B5 to Schedule 22) 5,439.75
Less: Amount withdrawn from Securities Premium
(Refer note B5 to Schedule 22) (5,439.75) — —
Loss on De-merger of Passive Infrastructure to Idea
Cellular Towers Infrastructure Limited (Refer note B6
to Schedule 22) 16,227.76
Less: Amount withdrawn from Reserve for Business
Restructuring (Refer note B6 to Schedule 22) (16,227.76) — —
PROFIT BEFORE TAX 10,868.64 11,168.61
Provision for Taxation– Current 1,268.99 425.33
Deferred 763.53 651.30
Fringe Benefit Tax 93.00 73.69
MAT Credit (12,68.99) (425.33)
PROFIT AFTER TAX 10,012.11 10,443.62
Balance of Loss brought forward from previous year (14,067.94) (24,508.56)
Balance of Loss Carried Forward to Balance Sheet (4,052.83) (14,064.94)
Earnings per share (Refer note B28 to Schedule 22)
Basic 3.42 3.96
Diluted 3.42 3.96
Significant Accounting Policies and Notes to the
Financial Statements 22
The Schedules referred to the above from an integral part of the Profit & Loss Account.
As per out report of even date attached
For Deloittet Haskins & Sells For and on behalf of the
Chartered Accounts Board
Hemant M. Joshi Tarjani Vakil Biswajit Subramanian
Partner Director Director
Membership No. 38019
Place: Mumbai Sanjeev Aga Akshaya Moondra Pankaj Kapdeo
Date: Oct. 26, 2010 Managing Director Chief Financial Officer Company Secretary
IDEA CELLULAR LIMITED
BALANCE SHEET AS AT MARCH 31, 2010
(Rupees in Millions)
As at As at
Particulars Schedules
March 31, 2010 March 31, 2009
SOURCES OF FUNDS
Shareholder’s Funds
Share Capital 1 31,000.95 26,353.61
Outstanding Employee Stock Options 182.33 37.59
Reserves and Surplus 2 85,813.71 23,134.00
1,16,996.99 49,525.20
Loan Funds
Secured 3 55,649.32 53,154.17
Unsecured 4 20,144.34 11,993.42
75,793.66 65,147.59
Deferred Tax Liability (Net)(Refer Note B29 to Schedule 22) 1,425.38 661.85
TOTAL 1,94,216.03 1,15,334.64
Application of Funds
Fixed Assets
Gross Block (At Cost) 5 1,55,627.51 1,32,043.01
Less: Depreciation & Amortization 47,398.61 42,214.97
Net Block 1,08,228.90 89,828.04
Capital Work in Progress 17,218.18 16,257.17
1,25,447.08 1,06,085.21
Investments 6 49,288.08 5,699.31
Current Assets, Loans and Advances
Current Assets
Inventories 7 427.29 276.15
Sundry Debtors 8 3,295.87 1,985.93
Cash and Bank Balances 9 23,444.29 4,970.55
Other Current Assets 10 1,330.84 520.66
Loans and Advances 11 19,140.17 7,986.73
47,638.46 15,740.02
Less: Current Liabilities and Provisions 12
Current Liabilities 31,223.91 25,436.63
Provisions 986.51 818.21
32,210.42 26,254.84
Net Current Assets/ Liabilities 15,428.04 (10,514.82)
Profit and Loss Account 4,052.83 14,064.94
TOTAL 1,94,216.03 1,15,334.64
Significant Accounting Policies and Notes to the Financial Statements 22

The Schedules referred to the above from an integral part of the Profit & Loss Account.
As per out report of even date attached
For Deloittet Haskins & Sells For and on behalf of the
Chartered Accounts Board
Hemant M. Joshi Tarjani Vakil Biswajit Subramanian
Partner Director Director
Membership No. 38019
Place: Mumbai Sanjeev Aga Akshaya Moondra Pankaj Kapdeo
Date: Oct. 26, 2010 Managing Director Chief Financial Officer Company Secretary