Balance Sheet of Bharti Airtel

------------------- in Rs. Cr. ------------------Mar '11 12 mths

Sources Of Funds Total Share Capital Equity Share Capital Share Application Money Preference Share Capital Reserves Revaluation Reserves Networth Secured Loans Unsecured Loans Total Debt Total Liabilities 1,898.80 1,898.80 278.60 0.00 41,932.10 2.10 44,111.60 17.10 11,880.40 11,897.50 56,009.10 Mar '11 12 mths Application Of Funds Gross Block Less: Accum. Depreciation Net Block Capital Work in Progress Investments Inventories Sundry Debtors Cash and Bank Balance Total Current Assets Loans and Advances Fixed Deposits Total CA, Loans & Advances Deffered Credit Current Liabilities Provisions Total CL & Provisions Net Current Assets Miscellaneous Expenses Total Assets Contingent Liabilities Book Value (Rs) 61,437.50 20,736.70 40,700.80 6,497.60 11,813.00 34.40 2,375.80 126.60 2,536.80 11,186.10 7.20 13,730.10 0.00 16,104.80 627.60 16,732.40 -3,002.30 0.00 56,009.10 49,771.40 115.42

Balance Sheet of Mahanagar Telephone Nigam Mar '11 12 mths Sources Of Funds Total Share Capital Equity Share Capital Share Application Money Preference Share Capital Reserves Revaluation Reserves Networth Secured Loans Unsecured Loans Total Debt Total Liabilities 630.00 630.00 0.00 0.00 6,016.48 0.00 6,646.48 2,553.97 4,901.71 7,455.68 14,102.16 Mar '11 12 mths Application Of Funds Gross Block Less: Accum. Depreciation Net Block Capital Work in Progress Investments Inventories Sundry Debtors Cash and Bank Balance Total Current Assets Loans and Advances Fixed Deposits Total CA, Loans & Advances Deffered Credit Current Liabilities Provisions Total CL & Provisions Net Current Assets Miscellaneous Expenses Total Assets Contingent Liabilities Book Value (Rs) 29,377.98 13,054.95 16,323.03 1,170.25 494.66 125.48 610.09 122.82 858.39 9,490.86 17.36 10,366.61 0.00 5,605.70 8,646.68 14,252.38 -3,885.77 0.00 14,102.17 3,378.52 105.50

------------------- in Rs. Cr. -------------------