BHARAT SANCHAR NIGAM LIMITED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2011

SCHEDULE For the Year ended 31st March 2011 (Rs. in Lakh) 2704471 264291 2968762 1379095 197172 1012368 38986 972543 3600164 -631402 -26479 -657881 0 2046 -21599 0 98 -638426 For the Year ended 31st March 2010 (Rs. in Lakh) 2791344 413197 3204541 1345504 87555 1019905 35161 919679 3407804 -203263 -16485 -219748 0 14501 -52100 0 116 -182265

INCOME Service Revenue and Other Operating Income Other Income EXPENDITURE Employees' Remuneration and Benefits Licence fee and Spectrum fee (Refer Note 13 on Schedule U) Administrative, Operating and Other Expenses Financial Expenses Depreciation Profit before Prior period items Prior period items (Net) Profit before taxation Current Tax Tax for earlier years Deferred Tax Fringe Benefit Tax Wealth Tax Profit for the year after taxation Appropriation : Proposed Dividends: - On Equity Share Capital - On Preference Share Capital Tax on Dividends Transfer to General Reserve Surplus/Loss carried to Balance Sheet Earnings Per Share (In Rs.) Basic earnings per equity share (Refer Note 18 on Schedule U)

N O

P Q R D

0 0 0 0 -638426 -638426 -12.77

0 0 0 0 -182265 -182265 -3.65

Accounting Policies Notes to Accounts

T U

The Schedules referred to above, form an integral part of the Profit and Loss Account. For and on behalf of Bharat Sanchar Nigam Limited As per our report of even date For Sharma Goel & Co. Chartered Accountants R.K. Upadhyay FRN 000643N Chairman and Managing Director

Amar Mittal Partner M. No: 017755

R.K.Agarwal Director(CM)

Geeta Rau Executive Director (Finance)

Rajeev Singh General Manager (Corporate Accounts)

Place : New Delhi Date : 26th August 2011

H.C.Pant Company Secretary and Sr. General Manager (Legal)

BHARAT SANCHAR NIGAM LIMITED BALANCE SHEET AS AT 31ST MARCH 2011 SCHEDULE SOURCES OF FUNDS Shareholder's Funds Capital Reserves and Surplus Loan Funds Unsecured Loans Deferred Tax Liability-Net (Refer Note 19.1 on Schedule U)

As at 31st March 2011 (Rs. in Lakh)

As at 31st March 2010 (Rs. in Lakh)

A B

1250000 6756875

1250000 7397566

184574 8191449

153370 12384 8813320

APPLICATIONS OF FUNDS Fixed Assets Gross Block Less: Depreciation Net Block Capital Work-in-Progress Decommissioned Assets

D 16704374 9544982 7159392 519452 9984 7688828 550141 9215 16046962 8658930 7388032 596523 7897 7992452 20000 -

E F

Investments Deferred Tax Asset-Net Refer Note 19.1 on Schedule U Current Assets, Loans and Advances Inventories Sundry Debtors Cash and Bank Balances Other Current Asset - Accrued interest Loans and Advances Less : Current Liabilities and Provisions Current Liabilities Provisions Net Current Assets Inter/Intra Circle Remittance (Refer Note 14 on Schedule U) Total

H I J K

394824 632782 250008 292 1351882 2629788 2200029 639243 2839272 -209484 152749 8191449

505833 474457 3034340 85521 1397028 5497179 4277642 557602 4835244 661935 138933 8813320

L M

Accounting Policies T Notes to Accounts U The Schedules referred to above, form an integral part of the Balance Sheet. As per our report of even date For Sharma Goel & Co. Chartered Accountants FRN 000643N Amar Mittal Partner M. No: 017755 For and on behalf of Bharat Sanchar Nigam Limited

R.K. Upadhyay Chairman and Managing Director R.K.Agarwal Director(CM) Geeta Rau Executive Director (Finance) Rajeev Singh General Manager (Corporate Accounts)

Place : New Delhi Date : 26th August 2011

H.C.Pant Company Secretary and Sr. General Manager (Legal)