1 mtnl twentieth annual report 2005 06 mahanagar telephone nigam limited a nav ratna company 2 mission of to provide in its area operation leading way world class telecom services which are demanded keeping always the customer s delight as aim so that it continues be premier indian ________________ 3 contents page no board directors 4 statutory auditors etc 5 performance highlights 6 notice 7 9 10 19 corporate governance 20 30 management discussion & analysis 31 34 8 compliance certificate 35 36 47 accounts balance sheet profit loss account schedules consolidated cash flow statement 48 91 11 addendum comments replies thereto 92 97 12 annexure c&ag 98 100 13 101 103 14 u 212 regarding subsidiary companies 104 105 15 millennium 106 125 16 mauritius