Notes to the Financial Statements

8. Property, Plant & Equipment

Company

----------- ----------- ----------- ----------- ----------- ----------- -----------     Freehold land Ducts, cables Telephone Transmission Other fixed Capital Total     and and other exchanges equipment assets work-in-     buildings outside plant progress     Rs.million Rs.million Rs.million Rs.million Rs.million Rs.million Rs.million     ----------- ----------- ----------- ----------- ----------- ----------- -----------     Year ended 31 December 1998     Opening net book amount 844 14,719 1,878 2,532 301 17,558 37,832     Additions - 2,172 46 1 477 11,436 14,132     Transfers from work-in-progress 355 13,598 4,952 2,465 165 (21,537) -     Disposals - - (1) (32) (13) - (46)     Inter-group transfers - (1,690) - 1,690 (21) - (21)     Depreciation charge (note 2) (21) (3,274) (663) (594) (241) - (4,793)     ----------- ----------- ----------- ----------- ----------- ----------- -----------     Closing net book amount 1,178 25,525 6,214 6,062 668 7,457 47,104     ----------- ----------- ----------- ----------- ----------- ----------- -----------     At 31 December 1998     Cost or valuation 1,264 35,563 8,656 7,701 1,370 7,457 62,011     Accumulated depreciation (86) (10,038) (2,442) (1,639) (702) - (14,907)     ----------- ----------- ----------- ----------- ----------- ----------- -----------     Net book amount 1,178 25,525 6,214 6,062 668 7,457 47,104       ----------- ----------- ----------- ----------- ----------- ----------- -----------     Year ended 31 December 1999     Opening net book amount 1,178 25,525 6,214 6,062 668 7,457 47,104     Additions 8 1,591 640 159 412 13,320 16,130     Transfers from work-in-progress 322 7,297 1,641 1,117 189 (10,566) -     Disposals (5) (4) - - - - (9)     Inter-group transfers - 6 - - (6) - -     Depreciation charge (note 2) (22) (3,452) (686) (601) (240) - (5,001)     ----------- ----------- ----------- ----------- ----------- ----------- -----------     Closing net book amount 1,481 30,963 7,809 6,737 1,023 10,211 58,224     ----------- ----------- ----------- ----------- ----------- ----------- -----------     At 31 December 1999     Cost or valuation 1,589 44,451 10,937 8,977 1,961 10,211 78,126     Accumulated depreciation (108) (13,488) (3,128) (2,240) (938) - (19,902)     ----------- ----------- ----------- ----------- ----------- ----------- -----------     Net book amount 1,481 30,963 7,809 6,737 1,023 10,211 58,224     ----------- ----------- ----------- ----------- ----------- ----------- -----------

<< >>

Notes to the Financial Statements                               Page   1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28

         On-Line Annual Report by Smart Media Productions