shubh muhurath
Financial Accounting
Assignment Abhijit V.Chirputkar
Venkata Nagendra Battala PRN:14020541064
Abstract
Taken IDEA cellular Company Annual Report and explained about Fixed Assets, Shareholders Equity, Operating Expenditure, Current Assets and current Liabilities
Idea Cellular started its operations in 1995 and is under the Aditya Birla Group, which holds 98.3% stake in the company. The Company Idea Cellular Limited is one of the telephony wireless companies that functions in many states in India. Idea Cellular Limited is the third largest wireless operator in India with a Revenue Market Share of 16.1%. The company carries around 1.75 billion minutes on a daily basis during the quarter and the seventh largest mobile telecommunications company (based on operations in a single country) in the world based on number of subscribers (as determined from data from WCIS, as of December 2013). Idea is listed on National Stock Exchange and Bombay Stock Exchange in India with a market capitalization of Rs. 456 billion (as on March 31, 2014).
Idea core purpose is to empower its customers to be confidently connected – whether at home, during the daily commute, in the office, or abroad – wherever and however it’s customers choose. We are making customers confidently connected to our friends, families, and customers, and to always have access to the content and information they choose.
A commitment to improve our social impact and behave ethically and responsibly at all times is integral to ensuring the long-term sustainability of Idea businesses.
Idea Cellular has become the topmost company in the telecom sector in India on the basis of the quality of its services. And so in the future also, the company must continue to provide its customers with better facilities for this will help the company to grow and prosper.
Fixed Assets:
Fixed assets are stated at cost
Assignment Abhijit V.Chirputkar
Venkata Nagendra Battala PRN:14020541064
Abstract
Taken IDEA cellular Company Annual Report and explained about Fixed Assets, Shareholders Equity, Operating Expenditure, Current Assets and current Liabilities
Idea Cellular started its operations in 1995 and is under the Aditya Birla Group, which holds 98.3% stake in the company. The Company Idea Cellular Limited is one of the telephony wireless companies that functions in many states in India. Idea Cellular Limited is the third largest wireless operator in India with a Revenue Market Share of 16.1%. The company carries around 1.75 billion minutes on a daily basis during the quarter and the seventh largest mobile telecommunications company (based on operations in a single country) in the world based on number of subscribers (as determined from data from WCIS, as of December 2013). Idea is listed on National Stock Exchange and Bombay Stock Exchange in India with a market capitalization of Rs. 456 billion (as on March 31, 2014).
Idea core purpose is to empower its customers to be confidently connected – whether at home, during the daily commute, in the office, or abroad – wherever and however it’s customers choose. We are making customers confidently connected to our friends, families, and customers, and to always have access to the content and information they choose.
A commitment to improve our social impact and behave ethically and responsibly at all times is integral to ensuring the long-term sustainability of Idea businesses.
Idea Cellular has become the topmost company in the telecom sector in India on the basis of the quality of its services. And so in the future also, the company must continue to provide its customers with better facilities for this will help the company to grow and prosper.
Fixed Assets:
Fixed assets are stated at cost
Links: for the annual report of idea. http://www.ideacellular.com/wps/wcm/connect/a144018f-0a53-43a5-bbbf-519c3ae55784/QR_Q4FY14.pdf?MOD=AJPERES&CACHEID=a144018f-0a53-43a5-bbbf-519c3ae55784 http://www.ideacellular.com/wps/wcm/connect/388077cf-7fb0-44de-8690-2d2cd7e0a5aa/Annual%2BAccounts_2013-14.pdf?MOD=AJPERES&CACHEID=388077cf-7fb0-44de-8690-2d2cd7e0a5aa