J 10/2, - GMR Group...paY

SRBatliboi amp Associate Brahmayya amp Co Chartered cCountants Chartered AnOlllItants J amp 13 Floor UB Cily Clnbtlra Block Khivraj 1vlansion No 24 Vinal Mallya Road 102 Kasturba Road Banampalole 56000 I India Bangalore middot560001 India

Auditors Report

To The 1lembtfS of GMR Ilyderabad International Airp0l1 Limited

I ~ have audited the atlached Balance Shet of GtvlR Hyderabad lm~~rnalional Airport Lil1litt~d (the Company a iilllarch 31 2011 and abo the Profil and Loss account and tile Cash fiow $taternent for the year ended 011 thal datl anntxed thereto These financial statements are the respomibilil of the C()mp~lIlys Management Our responsibility is to t~xpress an opinion on these Finaneia Statel11tnts based on our audit

2 We conducted our audit in accordanCe with auditing standards generally accepted in India Those Standards require that we plan and perfurm the audit to obtain reasonable asurance abollt whether the financial statements are free of material misstatement All audit includes e~xamining (Ill a lest basi~ evidence supporting the amounts and disclosures in thL~ financial statcillents An audit als(gt indudgt asses~ing tbe accounting principles lIsed and ignificant estimalt~$ made by Management as well as evaluating the overall financial statement presentation We believe that our audit provides a reasonable basis for our Opilli(ln~

) A required by the Companies (Auditor) Report Order 2003 (as amended) i~sued by the Centra Govcrnmltnt of India in terms of sub-section (4A) of Sectiol) 227 of the Companies (1 1956 we enclose in Ihe Anncun a SLalemem on the maHers ill paragruphs 4 and 1 of the said Order

4 As morc fidl) explained ill Note II (24) of Scitedult lO in respen vf duty credit emiftemems fndeIServedfrom tndia cneJ1u

has utilild tWOIn dUly credit SClipI anloullfing Rs 767 agiiinSI

Oil eftgiNe imJofs and ltcorded inFelllories eli lIel amoulI( ie il allY inc(1IJ1( ill rdatwi () uswm dlllv credit eiliitiemeni and is

if tl) os (f i1lenlon- jlurclwser lIJOIl wifiuion til 0111 opiniOIl hf C0I1f11111Y

110111pound1 hai~ recorded income (ll1d tlll(IlfOnfS purchases 011 gross bnsis

rJ Punlur [S til ~JiIYh 3 J ]1) Il the (onpany is nuired ()( JIf-rfler Gustonl dury credit nifillenellls OIlJOillilillg 10 (i 23294667 Mmw8(11Ii1IT has (Sfmane ulii~(flion

impoliY fl hiill sholiid hI( bee (f(OlIed a1 incotllL duriJig he ycal euded March 31 20 (flllowui8 ((I ls 186377630 (incwlilg s ]25399237 (Slimaed to Ic wiised withinhi groilp (IS fel [he sti-lemj

kltxmlinglv rhe orher Opermillg Income is lIldaslutcd 1lt) WI eXltm q Rs 19Y282397 A1mwgemell has fWI deterlllined other cOlsequenrial imparts 011 account 0 (OIlSlIIIIPlioll lI1a1aios and concession payable Oil The financial srafemems

(JtJIJ[~IItfll imp(u1 we lire unable to commelll Oil rhefurther memens

P~l IS

5 Furthr to our comments in th~ Annexure referred to above C replrt that

L Excepi lor mailers as discussed in paragraph 4 ahuve we have obtained all the infonnllli()l1 and explanation~ which to the bet of our knowledge and belief Were flecesary tc)[ the purposes of ollr audit

Ii fn Qur oplman proper book5 of lt)CT)llllt a~ required by Iltm have been kltPl by the CmnplIlj (1 far as appears fmlll lUI examination of lhose books

IiI The balance ShCd proiil and lo~s aCcount and cash flo slHeiTwnt dealt vilh by thi~

rcpnn arc in aglcemem with the bNlks of account

IV xcep for marllrs as discllssed in paragraph 4 aboe in our opinion the balance sheet profit and loss account and cash flow ~[()lement dealt with tb report comply with the accounting srandmds referred to in ~ub-ection (3C) of cetinn 211 of the ComlJanics Act 1956

v On the lnhi~ of the written reprecntations received from the direLrors a~ on March 31 20 II and taken on record by the Board of Directors we report that none (Yf the directors is disqualified as on Mareh 31 2011 from being appointed a it director in terms of clause of Sll b-sectiol (I) of section 274 of the Companies Act 1956

VI In Ollr opinion and to the best of our information and according to the explanations given lo Ll$ the aid accounts give the informmlon required by the Companies Act 195( in the manner so required ill1d 5Jlbjecl 10 the adjuxlnulITs if any film 1IlV arise on accoum

Irwuers discassed in paragraphs 4 abole the impact of whhh is presenrly ilnascerloirwble the said aC(Ounts a true and fair vie in conformity with the accounting principles generally accepted in India

a) in the case of the balance sheet of the slate of amlrs of the Cmnpany as alrifarch 31 20 I

bl in the C(i$C or the profit and loss aCCOllnL of the profit for the year ended 011 thal date and

c) in tht~ Ulse of cash flow starement of the cash flows for the year ended on that clate

For SRBatliboi amp Assodales finn registration numbr 10 049W ChMtered AC((JUIHiII1Clt

per Sunil Biuunralkar

Pctrtllcr lV1embcrship N) 035141

PlaCe Baugalore Date May 10 2Cn I

For Brahmayya amp Co Finn registration number 0005155 Chartered AeCl)Un(iU1h

per PSKunmr

Partner Membership No DI5590

PIace Bang~dnrc Date ivla~ 10 2()1 I

Page 2 (~l5

Annexure referred to in paragraph j]J of our report of even date Re GMR Hydcrabad International Airport Limited (the Company)

(i) (aj The ComplIIy ha maintained proper records showing full particulars includmg quantitative details und situation of fixed a~dS

(b) All fixed a~sets have DOl been physical) verified by the Managerncllt during the year but there is a regular programme (11 vcrificmion which in our opinion is reasonable having regard tCl the size of the Company and thc~ nature 11i it asct~ A inforrned no 1l1aterial disClepancit~ were noticed on slIch verilicltltion

(ii) (~j) The ManageLllent ha~ c)nduckd physical trification (If inventory ilt reasonable inlCrvab during the year

rb) The procedures of physicaJ veriiication of invclltory followed by the Managcmclll are rea5ionable and adequate in relation to the size of the Company and the nature of its husiness

(CI The Company is maintaining proper relord~ of invenwry and no material discrepallcie~ (re nOliced on physical VcriCi(alioli

(iii) (al ~s informed the Compan ha not gramed any loans secured or unsecured to companies firms or p(her parties covered in the register mainlained under section 301 (If the C(Jmp~nies Act 1956 ccOldingly the provisions of clauses (iii) (b) 10 (iii) Cd) of lhe Companies vuditors Repon) Order 2003 (as amended) are )lot applicable LO the Cornpany and hence nutcommented UpOl1

(b) As informed the Company has not taken any loans secured or unsecured from companies firms or other parties covered in the register maintained under section 301 of (he Companies Act J9i6 Accordingly the provisions of clauses (iii) (f) ilild (iii) (g) (gtf [he Companies (Auditors RepOrli Order 2003 las amended) are not applicable to the COlllpmlY and hence not l(llnrliented upon

(iv) [n )UI opinion and ltlccurding to the infulImHion dnd explanations given to us except that certain items purchaed 11( of pecial nature for which comparative quotations are not tliLlhlc there is an ~Idequat( internal control svstem commensurate with the size of the Company and the nlturc of it hU$incs for the purchase of inventory and fixed assets (1(1 for the sale f service The activities oC the Company do not involve sale of guods During the COlllC of olJr auclit we have lot observed any major weakness 01 continuing iililu)c () con-cn any J11ajor cakncs in [he inkrnal control ~ystcm 01 (he Cornp3ny in r(peel or Ih(~sl areas

(v) According to the informailon and explanations provided by lbeiVlanagement there have betIi no contracts or arrangernent~ rcferred to in Section 30t of the CI during the year to be entered in the register required to be maimainecl under that Section Accordingly the provisions of clause (v) (b) of tIle Companie (AuciitorsRcpon) Order 2003 (as amended1 arc not app][cablc til rile Cornpmy

hi III lUI pillion the Company ha an internal audit ~ylem commCll~urate with [he ~iLlt

and lHltml 11 ltc busincs

(viill Tn the best of our knowledge and (I~ explained the Central Government has nOI

prescribed maintenance of cost records under clause (d) of ~ub-sec[ion ( Ii uC section 209 )f the Ct)lllpIIlic~ Act 1956 for the producb of th Company

(X)(J) UndlsptHcd lillltmy dues in(llldint provident employees ~talc il1Slmll1Ce incumtgt Inx weallhmiddotlil service ux custom excise duty ccs hae gIlltraly been dep0ziled ilh lhe appropriak Cllllhmjlt~ Ihough rle hu hem u siiShI in a t ((1StS The pmvisions relating to investor education and prmection fund are IlP[

applicable to the Company

Further since the Central Government has till dale not pn$cribcu lhe amOUIll of (es~ paYltlble under section 441 A of the Companies Ad 1956 we are nO in a positiOtl tn comrntnl upon the regularity or orhetwise of the company in dcp0o-iting the S1TI(

(b According (0 the information and explanations given to us no undisputed amOllnl~ payabJe in respect of provident fund employees state insurance incomemiddottax wealth tac service tax sales tax customs duty ecise duty cess and nther undisputed ~lailnory dues vere outsrnnding )( the year end for a period of more than six month~ from the dale they beClll1l payable

According 10 the records of nl~ Company the dues outstanding of EKOlrlemiddotrax salesmiddotta Malrillax service tax custonl (xci duty and (es~ on accoulIt or my dispute arc as folioV$

Nan1(~ of tilt slatute

Custom~

E~cist and Tax

ClltJm~ Ecbc LIX

Nature of dues Amount (Rs)

55653347

74300)00

252026054

4832850

orum where

Various dates

ipri W08 to o( ClISl)ns Central December ](103 Excise amp Service

Tax Hyderahad

2004middotmiddot05

High Court of Andhra Prlt1ciel

isiit3m Director Mines amp Geology Hyucrabad

i) The Companys ac(un1ulaltd losses al the end of the financial year are lcs~ han fifty per COlt of its Ild worth and it has Hot incurred cash losses in the CUriIH and immedialely

financial year

Fag 4 of5

(Xi) Basd 1gt11 audit pl)ctdures and per the infortlEllion and given the lvfanagc~menL we arc of th opinion thl the C(ilnpany hIlS not defaulted in IlpaynKn or dues to a iinmcial institution or banb

l xii) According to the inforrnalion ami explanatkms 10 us and based 011 the docliments and nxonh produced to us [he Company has not grantc~d loans alld advances on th

ba~i of slicllrity by way of pledge l)f shares dehenllmis and other securities

I 1I) In l)ur opiniilH the Company is not a chit Ihnd or ~t nidhi i mutual benefit fU1ld i sDeilly Tlwrdorc tll- provisions of clause 41xiii) or tht Compmies (Auditors Re~10nj Ordlt[ 2003 amended) are not applicable to the

(xiv) In our (pinion the Company is 1101 dealing in or lrading in shares securities debentur~$ and other inve~tmcnls Alcordingly the provi$ion~ e)f duuse 4(xiv) of he Companies (AuditorS RepOlt) Order 2003 (as amended) are not applicable to the Company

(V) According to the inlon11ttion mel explanations gi veT to lIS the Company has given guarantee for loans taken by subsidiaries from banks the (trms and condithllls whereof in our opinion are not primit-facie prejudicial to till interest of the Company

(wi) Based on information ltinti explanalions tu liS by the Management term loan~ were appid for [ill pUfpo~e [or vhich the loa05 vere obtained

I Vii J AiTOrding to the information and explanations to us and on aft OVerall examination 01 the balance sheet of the Compmy We repon that no funds raised on short-term basis have been used for long-term investment

(viii) The Company has not mad0 any preferential allotment of shares to paltle) or companies coveretl in the register maintained under seclion 30 I of the Companies Act 1956

i IX J The Company did not hav~ uny olJ$tanding debentures during the year

(Xl 1he Company has nol rai~ed any m()nc~y by public hsue~ during the yearshy

(XXI) Bacd upon the audit proccdurc~ prC(lrmed [or the purpose or rcporting l(1( true aud fair vicw nt the financial stalcrncnts and a~ pCI the information mel explanations given by tbL 1anagcment We report thai no fraud on or by the Company has been nOlicid or rcrnr1cd during the yeilf

For SRBatliboi amp Assodatcs Firm registralion number IOl049W Chartered Accountants

Sdshyper Suuil Bhumralkar Plrller 11embership No 0351--+ I

Place Bangalore Date May 102011

Fm Hrahmayya amp Co Firm registratIOn number CK)0515S Charlered Accountants

SdshypCI PSrltumar Partncr Membcr~hip No Ul5S90

Place Bangalore Dat( vIay O 20 II

GMR Hyderabad lniematiomll Ailport Limited Ihhtu(middot Siltmiddoto as ~t Manmiddot1t 1 2011

(Amoum in RlljlC~5J

----_----------_____-_ _ shy 1 SOlin( 1 Funds

1 Shaftholders Funds

a1 CIJita1 in RL~trH~ ltloti SLlrpill~

SccU ~d L)an t ~n5~zur2d L(~j

U Iplkaioll f FlIIHt~ l Fbd As(middott

UJ (110 Bbd

b~ Lc~~ c(ltmulH~d Uiprccllluon KfU~HIgt)g

J Nel HID

dJ Capita Vnrkltlnmiddot Progress including ClPltl ldvllt~

2 Ikfclnd ta Asd (net) (Rdel Noll II (13i or Sheduie 20)

~ Investments

4 Currelll cslti Loans and Ad1l1ICts ti h1~mmiddot~)rH

h Sundry DcblJ~g

C) Cash (1m Lh~l1k Balancl d j Other (urn-Ill ~S

1 iXDt) md dWl(C~

I ~e~s Currenl Umiddotd)1ili~ ~Utd PrOi~j()lb

II Li])iitie

5 -n)lt amp Loss Acef))t IOchi Oalance)

to II

L 13

378ilonwlOO

lSiW43249

L)2fl2222195

29A92654691l

19618(1))97

3~5middot13~822() 19 22419J)47578

f99f9~)55

224389(6633

I02B9i4700

1195511210

H316lCK)

85oI151)8J 7734()4li

[2791853

L25~31~ tOS

URfllX)ooon I070Olf)3)UO

31 141 606497

2~ltJ4~ q~252q

1)65t32bti

15717A19~65 2376111~4a

26015()70213

nO2H3S0

95I1hA62

S57J73JJl5 762090A37

757Qltr76 193350 L

3655728202

I CJPH96middot11 I 6i81li)~06 15759687 13170030

1610927420

31140606497

For SILlklUihoi ilt soda hnn rqistrattOH (Htmb(r~ 11)1 ~9V

(Jl~middotirtcn~d gtA~-cnuniantt

Sci

per SUllilllhlltllllIllmr

PiZi 1J1Hl~~alnn

Dm 1ay Hi (If 1

lor Hrill1111ny~ n amp Co Finn HgcllatiOt) 1l1lH1H~ I)(K)515S

(harlcled ccullmml

Sd 1)(1 1 s Knul~tr P~nn[1

PlKlt~ Hmratll

Jal 1 1i )() 1

For ami m bchalf uf the Hmml r Diredvrs (f GfR Hyltkrnhlld lut(rnaiollal Airport Umikd

Sdf Sdl

Kinm Kllmar Gnltldhi RSSLgti Bhaskarm rvlanagillg f)jn~nr DretlJ~

Sd

T Vnkal Ramam

Pia~~ I ryderail Pll( vby I i) ~(ll I

GMR Hyderabad International Airport Limited rom and Loss Account for the year euded March 31 2011

(AmOUl1Illl Rupees)

I Income i I()lih l~r~m1 S~~rht

(Hhcr In(()~nc

II gxpcllditure Ptr7)~YHl1 Cnq

Op(r~~ung C(~t

AuminiIElllun C)$(

FiHanCl~ Charges

Depreciation and mortimi()ij (Refer Note- II 14 (b)) of SdltJuk 20)

II ( Profit (Loss I Befon Tllion

Vealth L( Tax r~)r tarlitr ~(~lr-

yar

Add djufrnenr (in aCG~lLHH (rf Dcml~qj(r ~Refi~r Note II t5 (d) or Sdodllle2m

V Deficit carried tv Blrimuc Shc~t

Earnings Pll Share B~si( (Hid DUUlCd Refer f0tC II f 2) of Schedule 20 ~~tfllj Vjlui per $hH~

Scbedule

4

16

7

20

For the year ended Marcb 31 2011

) t6556J72 i

222~ i 8)870

5387749)91 n 5S()lt)98middott

5172239607

5012851)01 8453447g(j

626557727 200S644()09

ll S7 927739 5169759262

2480345

i L12t-19147(0) 29365

(xAn3lg)

1 039 843998

2301B150 I (L

~75

For the )car cnded March 31 2010

45121 ~7 ()20

14)90333f

~65309095)

179852713 4473238245

568OiJJ37 969236363 540364727

2115552943

1372223599 5565410969

3l52lS

(10922()4252)

[ 1818740 161

f289)

HI

For SRlbtljhoi ssoltialmiddot

(~hlln(Cd C(gtlOlanl

StYmiddotmiddot

pcr Sunil BhuOlmlkar Plt1ft rur

1

Pta~c Bmgak~re

Dnle VIa) 10201

101 Brahmayya amp Co Fcm Lgi-UdLltJfl uuwbIJ 0005155

Sdi

per P S KllInllf

Plflntr

I 559()

PhHC Bilngaiure

Dale M 102011

Fur and 011 hlthllif of tl1 Buard of Directors Qf GS[R Hyiicnhad lllltillalionai iiiport Limitd

Slitmiddot Sdi

Kiran KUlIIlIl Gnmdhi RSSLN Illmskamdu hiliuging Dircitor Dintnr

SJJ

I V~nlmt RlIltlAlli

(lIl1pany Scen)ry

Pbct HyJ~mltJ DMc May 10 2011

GMl Hyderabad International Airport Limited Schedub frmln~ put of Balance Sbeet a al Iloreh 31 ZOO

Sebcdule 1 As at s at

1-=-------________bull_________________~__~~_bullbull~bullbull+_~~1nr113=120~1l__1f__Mrch3=Jl20J0=__J Capital

AutllOrised rnoooo~ono (March ~~ i 4OQO000000 4OUUUUQQUU

Isued Subcrlhltd d Pilll 37OOOOQ) (~bh -q 200 37~OOooom Equity S~i-fl rR~ () ~~dgt ruBy t~Md llp

lot the alxlve i 3i)middotJS vlltlrlli ~ I ~ 2Sl39C))) EquiiY shates thlly JL1id IIp it

held by GMR Inlrastructurc Limited lbe halaingt company 1

3780 000000 3780OOOOOQ

At at As atSchedule 2 t-___---_--_____________________________1--~lafch31OIt-t--MiIfCII31-OI0--j RC$crve find Surplus

Capital Reserve (Rcfer bl I ill) of S ileduk H IJ)70OOiiJOO

I

Secured Loous

T~rlll LOllIlS- From Ballks

[lllnJian RIIIX Reluvahle i~hm (~lt R l6()(lO()OOO (Mudl 31 2C1iO R 3600000(0)1

In rltttgn CtJrrtHG~ IRepayahk willljn -n~ ~middott~dr Rs J L)~n S() n1lHdl 31 1010 Rs 21 ~7(13)rZ)j

T~rlll LoIIIS from a finondullustitlltion IRepayahle wflhm gtfh~ year 15JOOtOO() (Mlllth J I 2Pn Rt 7smm~)OH

jtfm It~ irOIllt h3t1k~ WhJ rmm(ill instituion iin ~(cur(d b~ nll)rtg~gc raquofLelchold fight

ifle interest and bencfn rcentlt~p(d f)f Lc-asehold Land md iirSf pmipasu dUHW onlH H1t)Vlbk a)d iHHr(ljabk )prtlhg cash 11ov$ book debb rtcmiddotInb)~s milmgd)l-Jlt -lUd fi~l($ 1x1h prcs(ll ant future as well as ilssignmeut uf aU rfght~ Htlz intcr-)t he-nfiits

am mHl d~~ln[md~ ltJ-ai1lhhlt~ umkr th~ c()nt(~s~don igfcNncllt ~lld QtJi~r ~)rojct docnrnenls ~e~uriv intcn~i ill Tris~ illd R(h~niJn middotttvunt Dda S~rvicc Resltrve Account and tunCc ~Clifltd PtJg~ if i t~- 9iJ I ~11H1 28660938 cquiy both pn~jmiddot~n and tm~rc held or bc held up~~ i ~i) -tJi Jll P~lU Hp ttElr( lapaal nf the ompuny as lhe (15C

rl~~y tfi hy Dltti1 lh~ hldilh~ mlmy ~md 1~lny~ilt AirpiJrs H iding 1krhat1la1o~ng ~ i~h it ugt)tKbcJ respt(ti -dyl

is(urud hy w~y lif firsr par)p)~u LhM~ by vay fhypoJCHtitlH orth~ shk tOtIgtm1lbk

si)rn tlrd p~(S 01t-if mrn-abk- tnlud1ng lJiuk debtlt biE (Itsl~mdil~ nifil Hmiddoti~-

xAh presii1l and fltUf and -vlr Llr [he- m)middotabh~ prnpcni1~$ h~~ludHlg mUicablc plant ami m~l()tinry mtKh-Hry spartmiddot- Hmls and cCGs(gtris ile(he- -gthJrcd ~)r liltgti (If in the cotlrs-e of trans1t ltf on high scmiddotllt or I1n order of deHver) but not lllHi~d I() 00C11n1CtltS oftill~ t) goods)

fS at s

March 31 ZOJ 1 Marcil 31 2010

5 6(35(1(J(I

91iOf)O()OO(l

S69~50(10n

t10UOOOO(f)

15380432495 17564238684

GMR Hvderablld lnteruatinnal trport Limited Schedules forming part of Balance Sheet a at Marcb 31 201 I

IAmount In Rupees)

As at

Marcb 31 2011 S atS~hcdulc 4

Mar~ 31 21H)

lJns(cured Loans

Short ltT tTln

Hudgc Lvan jfo~ ThnJi

LlhlilS and fhdjHfgt~ ~ OthN thaH Shnn Tcrm

frnm l 1ubsluidry

(Rt~iyuhl vithitl nrw year lb j 5700000 UV1mh 31 201 (1 Rt t i44(O(O(j

lmrrrgtl fn~C Lnaa from Govcnuncnl of rndhm Pradesh I 315050l(lfJO

StgtcurHy dposilS from Cunc(~sj()tILirlts

i15n50l)OO 1tN middot1O~1 07 32K130392

347410112ucr~rnJ PilTnll1i5 (omessl(m Fce~ l 5S6ln442~

9262222195 11726367813 N1)l~S

i lnhre l-rec Loan recclved from Govemment of 1dhru Pradesh js rltpHy)hie in rive lquat in$aHmeuts Ct)mnwocmg from t(~h Alrriv~rSipound)- oflhi Cvmmerci~il ()perlJ9n~ DHt~ i~hrrdl 23 20Q)

12 C(gtI1~C$~1(l1 F(c~ is pRy~btc to Ministry of Civil Aviaiit)u in re5fr~ct of first HI yeuS 111 20 (qud ha If se~riy insulhtH~nt) emnm~n~mg frorn thl~ [ Hh annher~3r) of tht- (omjlgid OpCraiOfl$ D~lte (March 23 10un Conc-cssio FLgte from the lith

yC~H i Pl_Vflhk illl (1([( )1ry bii$i~

f~

y

~

lt 1

- -q ~

~

i lR E ~ f~

J j 1

~ ~ j

~ ~]

~ ~

~ J

J ~ 3shy~ i

~ ~ 0

ii ~ ~

~~f ~ 43 ~ 5 ~~ lt ~

c ~ J~ ~

~ co t

~ t

~

I~ I 12 ~

~ ~

~ lt ~ ()

~

i - c

(MH Uydlrubad Intlrllationai Airport Limited

fkhedulb forming parI iJf Balance Sh as t Marth 31 2011 (AmOlUlI In Rupees

Schedule 6 As u As at

1---------------------__~_______~____I-l_laorochJ_I_2_0_I_I_t-llc~__rc=hc3_lLlUIcU___

Long Term (at cost unqulll~d trade) A in ShfCS of Snhsidhlry Companies

H)dembad Mc-nzl(~s Air (3rgo PliztC LgTJi1d 52-i2(lO (middot1ltHch (110 520~ntj Equity shjre~ oCRgt 1( 12adl I)Hy p~ld ur

87~) 1ard~ 1 0)0 l~~5) Prefecc ~hl~ ofRj tn aen pilicilP 1~7350

ivIR Uy~kwb~-1d L~roriJPltji~ 1 irm~d

11 M)i)(I( (vI arch 31 2(J 0 2 I~OJ)Oi~) Eltuit) Shar0 of Rs (j leb fillly paid 2lSOOO)()

OM R Hyderbad irport ResomiX ivlunagemem Lmitd ~(JJ)no (hrth ~1 20t n- 50JJ(IO Equil)middot Slmrc~ of l~sJO (tiHy paid np

Hdt~h(ld Airport Sccudy S(fVICt~S Lin)Iti_~l

11)OJJUO ~i~Hh 312010 125(10000) f~uity Sharts of Rt 10 each lilHy pa~d up

[3750000 (March 31 20O Ji5()OJtl) Equity Shares ofRs II) cHeh luilv paid up h~ o-C plcdg~d vlth bankers against th~ joan taken by lhe Subsidiarymiddotj

1250()01)00 25OOOO()O

CjMR Byd0rabad Aviawm SEZ Lml~tcd l90(0fl(l (March 3 i 201 () 190000()) quil) SbU10 t RI() eh fully poid up

19(l(JO)(j(j

G~lR Hyd(rabd luliprodut SEl Urni1(d

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GMR Hyderabad International Airport Limited

Schedule 20 Notes annexed to and forming part of the accounts as at and for the year ended March 312011 (All amounts in Indian Rupees except as othenvise stated)

Description of business

GMR Hyderabad International Airport Limited (GHIAL or the Company) was incorporated on December 17 2002 for nnnaging the operations of Raj iv Gandhi Hyderabad International Airport The Company had entered into a Concession Agreement with MinistlY of Civil Aviation Government of India which gives the Company an exclusive right of the Development Construction Operation and Maintenance on revenue share model for an initial term of30 years which can be extended by another 30 years at the option of the Company

Statement of Significant Accounting Policies

1 Accounting Assumptions

The financial statements have been prepared to comply in allmatelial respects with the Notified accounting standards by Companies (Accounting Standards) Rules 2006 (as amended) and the relevant provisions of the Companies Act 1956 The financial statements are prepared in accordaoce with the historical cost convention on an accrual basis The accounting policies have been consistently applied by the Company and are consistent with those used in the previous year

2 Use of estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affeet the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements and the results of operations during the reporting period Although these estimates are based upon managements best knowledge of current events and actions actual results could differ from these estimates

3 Revenue Recognition

Revenue is reeognized to the extent that it is probable that the eeonomic benefits will flow to the Company and the revenue can be reliably measured

a) Revenue from Aeronautical and Non Aeronautical operations are recognised on accrual basis net of service tax applicable discounts and collection charges when services are rendered and it is probable that an economic benefit will be reeeived which can be quantified reliably

b) Interest income is recognised on a time proportion basis taking into account the amount outstanding and the rate applicable

c) Dividend is recognised when the shareholders right to receive payment is established by the balance sheet date Dividend from subsidiaries is recognised even if same are declared after the balance sheet date but pertains to period on or before the date of balance sheet as per the requirement of Schedule VI of the Companies Act 1956

d) Revenue from sale of SFIS scrips is recognised on transfer to group companies as per agreed terms and conditions

4 Concession Fee

The concession fee is computed as a percentage of gross ineome of the Company pursuant to the terms and conditions of the Concession Agreement and is recognised as eharge to the Profit and Loss Account

Page 1 of27


Schedule 20 Notes annexed to and forming part of the accounts as at and for the year ended March 31 2011 (All amounts in Indian Rupees except as otherwise stated)

5 Fixed Assets

Fixed Assets are stated at cost net of cenvat credit less accumulated depreciation Cost of acquisition is inclusive of fieight duties levies and all incidental expenditure attributable to bringing the asset to its working condition for its intended use Bon-owing costs relating to acquisition of fixed assets which takes substantial period of time to get ready for its intended use are also included to the extent they relate to the period till such assets are ready to be put to use

Assets under installation or under construction as at the balance sheet date are shown as capital work in progress

Exchange diffcrences arising 011 rcpOlting ofthe long-tel111 cUlTency monetalY items at rates different from those at which they were initially recorded during the petiod or rcpolted in the prcvious financial statements are added to or deducted from the cost of the asset and are depreciated over the balance life ofthe asset if these monetary items peltain to the acquisition of a depreciable fixed asset

6 Depreciation

Depreciation is provided on straight line method at the rates based on the estimated useful lives of the assets or those prescribed under Schedule XIV of the Companies Act 1956 whichever is higher Individual assets costing less than Rs 5000 are fully depreciated in the year of purchase

Leasehold improvements are amortised over shorter ofestimated useful lives or Lease period

Depreciation on adjustments to the historical cost of the assets on account of foreign exchange fluctuations if any is provided prospectively over the residual useful life of the asset

7 Intangibles

Cost relating to software licenses which are acquired are capitalized and amortized on a straight -line basis over their useful life not exceeding six years

8 Impairment

All fixed assets are assessed for any indication of impairment at each balance sheet date based on internal external factors On any such indication the impairment loss (being the excess of canying value over the recoverable value of the asset) is immediately charged to the Profit and Loss Account The recoverable amount is the greater ofthe assets net selling price and value in use In assessing value in use the estimated future cash flows are discounted to their present value at the weighted average cost of capital After impairment depreciation is provided on the revised canying amount of the asset over its remaining useful life

9 Inventories

Inventories are valued at lower of cost and net realisable value Cost is determined on a weighted average basis and includes other directly associated cost in bringing the inventories to their present location and condition Net realizable value is the estimated cun-ent procurement price in the ordinary course of business

Page 2 of27



10 Foreign Currency Transactions

Foreign cUlTency transactions are recorded in the reporting cunency at the exchange rates prevailing on the date of the transaction Cuncnt assets and current liabilities are translated at the exchange rate prevailing on the balance sheet date and the resultant gain loss is recognised in the financial statements

Non-monetary items which are carried in terms of historical cost denominated in a foreign currency are reported using the exchange rate at the date of the transaction and non-monetalY items which are carried at fair value or other similar valuation denominated in a foreign currency are repOlted using the exchange rates that existed when tIc values were determined

Long term foreign currency monetalY assets and liabilities which does not relate to acquisition of fixed assets arc translatcd at thc exchange rates prevailing on the balance sheet date and the resultant exchange differences are accul11u latcd in thc forcign currency monetary item translation reserve and amortized over the balance period of such long term assetliability

MonetalY assets and monetary liabilities other than long tenn are translated at the exchange rate prevailing on the balance sheet date and the resultant gainloss is recognised in the financial statements

In case of Forward Exchange Contracts or any financial instruments ie in substance a forward exchange contract to hedge the foreign currency risk which is on account of firm commitment and or is a highly probable forecast transaction the premium or discount arising at the inception of the contract is amortized as expense or income over the life ofthe contract

11 Government Grant

Grants and subsidies from the government are recognized when there is reasonable assurance that the grant subsidy will be received and all attaching conditions will be complied with Government Grant in the nature of Capital Subsidy is treated as Capital Reserve

12 Investments

Investments that are readily realisable and intended to be held for not more than a year are classified as current investments All other investments are classified as long-tenn investments Long-term investments are stated at cost except where trere is a diminution in value other than temporary in which case the carrying value is reduced to recognize the decline Current investments are valued at lower of cost and fair value determined on an individual investment basis

13 Retirement and Other Employee Benefits

a) Retirement benefits in the form of Provident Fund and Superannuation Fund is a defined contribution screme and the contributions are charged to the Profit and Loss Account of the year when the contributions to the respective funds are due There are no other obligations otrer than the contribution payable to the respective funds

b) Gratuity liability is a defined benefit obligation and is provided for on the basis of an actuarial valuation on projected unit credit method made at the end of each financial year

c) Short term compensated absences are provided for based on estimates Long term compensated absences are provided for based on actuarial valuation The actuarial valuation is done as per projected unit credi t method

d) Actuarial gainsiJosses are immediately taken to profit and loss account and are not deferred

Page 3 of 27


Schedule 20 Notes annexed to and forming part of the accounts as at and for the year ended March 31 2011 (All amounts in [ndian Rupees except as otherwise stated)

14 Borrowing Costs

Borrowing costs that are attributable to acquisition construction or production of a qualifying asset are capitalized as a part of cost of such asset All other borrowing costs are recognized as an expense in the year in which they are incurred

15 Earnings per Share

Basic earnings per share are calculated by dividing the net profit or loss for the peliod attributable to equity shareholders (after deducting attributable taxes) by the weighted average number of equity shares outstanding during the period For the purpose of calculating diluted eamings per share the net profit or loss for the period attributable to equity shareholdcrs and the wcightcd avcragc numbcr of shares outstanding during thc period arc adjustcd for thc cffects of all dilutivc potential equity shares if any

16 Taxes on Income

Tax expense comprises of current tax and defelTed tax Current income tax and deferred tax is measured at the amount expected to be paid to the tax authorities in accordance with the Income-tax Act 1961 enacted in India DefelTed income taxes reflects the impact of current year timing differences between taxable income and accounting income for the year and reversal of timing differences of earlier years

Deferred tax is measured based on the tax rates and the tax laws enacted or substantively enacted at the balance sheet date Deferred tax assets and deferred tax liabilities are offset if a legally enforceable right exists to set off current tax assets against current tax liabilities and the deferred tax assets and deferred tax liabilities relate to the taxes on income levied by same governing taxation laws Deferred tax assets are recognised only to the extent that there is reasonable certainty that sufficient future taxable income will be available aglinst which such deferred tax assets can be realised In situations where the Company has unabsorbed depreciation or carry forward tax losses all deferred tax assets are recognised only if there is virtual certainty supported by convincing evidence tbat they can be realised against future taxable profits

At each balance sheet date the Company re-assesses unrecognized deferred tax assets It recognizes unrecognized deferred tax assets to the extent that it has become reasombly certain or virtnally certain as the case may be that sufficient future taxable income will be available aglinst which such deferred tax assets can be realized

The carrying amount of deferred tax assets are reviewed at each balance sheet date The Company writes down the carrying amount of a deferred tax asset to the extent that it is no longer reasonably certain or virtually certain as the case may be that sufficient future taxable income will be available against which deferred tax asset can be realized Any such write-down is reversed to the extent that it becomes reasonably certain or virtually certain as the case may be that sufficient future taxable income will be available

17 Operating Leases

Leases where the lessor effectively retains substantially all the risks and benefits ofownership of the leased item are classified as operating leases Lease payments under operating lease are recognised as an expense in the Profit and Loss Account on straight line basis over the lease term

Page 4 of27



18 Provisions

A provision is recognised when an enterprise has a present obligation as a result of past event it is probable that an outflow of resources will be required to settle the obligation in respect of which a reliable estimate can be made Provisions are not discounted to its present value and are determined based on best estimate required to settle the obligation at the balance sheet date These are reviewed at each balance sheet date and adjusted to reflect the current best estimates

19 Cash and Cash Equivalents

Cash and cash equivalents for the purposes of cash flow statement comprise of cash at bank and in hand and short-term investments vith an original matUlity of three months or less

20 Delivative Instruments

The Company enters into arrangements of Interest rate swaps to hedge its risk on variable rate currency loans as an underlying hedge item or highly probable forecast transaction Such derivative contracts other than those covered under AS-II are marked to market on a portfolio basis and the net loss after considering the offsetting effect of hedge item is charged to the income statement Net gains are ignored

(THIS SPACE HAS BEEN INTENTION ALLY LEFT BLANK)

Page 5 of27



[[ NOTES TO ACCOUNTS

1 Contingent Liabilities not provided for

a) Bank Guarantee outstanding in respect of customs and others Rs 869556139 (March 31 2010 Rs 690774149)

b) Corporate guarantee amounting to R 1400000000 (March 3120 lO Rs Nil)

c) Indirect Taxes under dispute Rs 969668726 (March 31 2010 Rs 964835876) details are given as below

1 The Company had received an order from the Office of Commissioner of Customs Central Excise and Service Tax dated January 29 20]0 on ilTegular availment of the Cenvat amounting to Rs 311048354 (March 3120 I 0 R~ 311048354) The order also inc ludes penalty of Rs 311 100000

11 The Company has received a notice from the office of the Joint Commissioner of Labour for payment of Building and other construction workers Welfare Cess 1 ofthe cost of construction of Airport amounting to Rs 252026054 (March 31 20lO Rs 252026054)

111 The Company has received an order from the Office of Commissioner of Customs Central Excise and Service Tax dated October 28 2009 as per which the Company is liable to pay an amount ofRs 74300000 (March 31201 0 Rs 74300000) towards penalty on delay in payment of service tax on the UDF

IV Commercial Department has withheld an amount of Rs 16361468 (March 31 20lO Rs 16361468) from VAT refundable out of various claims submitted by the company for want of proof of payment of VAT by the various contractors The Management has approached the contractors and is in the process of submitting the proofof payments of VAT obtained from them to the Department

v The Company has received a notice fiom the office of the Asst Director of Mines and Geology dated February 3 2011 as per which the Company is liable to pay an amount of Rs 4832850 (March 31 20lO Rs Nil) towards the seigniorage fee and penalty thereon for the mines and minerals used in construction ofCompound wall

Based on the internal assessment and f or legal opinion the Management is confident that for the above mentioned contingent liabilities no provision is required to be made as at March 312011

2 Capital Commitments

Estimated Value of contracts remaHllllg to be executed on capital account not provided for (Net of Advances) Rs 154685039 (March 3 I 2010 Rs 272949039)

3 As per the conditions precedent to disbursement of loan the Company has entered interest rate swap (IRS) agreement from floating rate of interest to fixed rate of interest against its foreign currency loan of USD 125 million covering the loan period The outstanding balance as at March 312011 is Rs 5360375000 (March 312010 Rs 5698750000) Since the critical terms of the IRS and the principal term loan are same based on the internal assessment carried out by the management the net impact ofthe marked to market valuation of the IRS net of gain floss on the underlying loan IS not expected to be material

Page 6 of27


Schedule 20 Notes annexed to and forming part of the accounts as at and for the year ended March 312011 (AU amounts in Indian Rupees except as othenvise stated)

4 Prior period items

a) Revenue for the year ended March 312011 is net of service tax on User Development Fee (UDF) pertaining to previous year amounting to Rs Nil (March 31 2010 Rs 123880206)

b) Depreciation for the year ended March 312011 includes amount pertaining to previous year amounting to Rs Nil (March 312010 Rs 64282822)

c) Personnel cost for the year ended March 31 2011 includes amount pertaining to prior years amounting to Rs Nil (March 312010 Rs 4984000)

d) Finance charges for the year ended March 312011 includes interest pertaining to prior years amounting to Rs Nil (March 31 2010 Rs60652245)

e) Administrative expenses for the year ended March 31 2011 includes amount pertaining to prior years Rs 16735289 (March 31 2010 Rs Nil)

5 Disclosure on Discontinuing Operations

a) In accordance with the Scheme of Arrangement under Section 391 to 394 of the Companies Act 1956 as approved by the Honble High Court of Andhra Pradesh vide order dated June 22 2010 the Hotel division of the Company has been transferred to and vested with GMR Hotels and Resorts Limited (GHRL) the subsidiary company with effect from appointed date ie April 1 2009 The said order has been filed with the Registrar of Companies Andhra Pradesh on September 25 2010 The scheme has accordingly been given effect to in these accounts

Statement of Value of Net Assets of the Hotel Division as at April 01 2009 (ie Appointed Date) based on which equity shares have been issued by GHRL

Particulars Amount in Rs A Fixed Assets

Net Block 2386558933 Capital WOIk in progress 3176603

B Current Assets Loans and Advances Inventories 4915711 Sundry Debtors 16998897 Cash and Bank Balances 5942257 Loans and Advances 7665253

C Current Liabilities and Provisions Current Liabilities 29168494

Net Assets IA+B-C] 2396089160 Less Unsecured Loan 1 300000000 Balance for which Equity Shares have becn issued 1096089160

Page 7 of 27


Schedule 20 Notes annexed to and forming part of the accounts as at and for the year ended March 31 2011 (AU amounts in Indian Rupees except as otherwise stated)

b) The Company has transacted and accounted for til same during the previous year pertaining to the operations of til hotel division in tlUSt The net loss for the previous year has been adjusted in the profit and loss account during the year The condensed profit and loss account relating to the Hotel division for the peliod fiom April 12009 to March 31 2010 is as under

Particulars Amount (Rs)

Income

Income from Hotel Operations 312504747

Other Income 4528337

Total Income (A) 317033084

Expenditure

Personnel Cost 94942923

Operating Expenditure 141537964

Administrative ~ 35544821

Finance Charges 2189240

Depreciation and Amortisation 125797595

Total Expenditure (B)

Net Loss of Hotel Division (A - B)

400012543

(8

c) The carrying amounts of assets and liabilities oftre Hotel Division as at March 312010 which have been reduced from the respective balances as on the reporting date are as under

Particulars Amo

Fixed Assets

Gross Block 2503437063 Less Accumulated Depreciation I Am0l1isation 197461176 Net Block 2305975887

bull Current Assets 68346231

Total Assets (A) 2374322118

Liabilities

i Sundry Creditors 2292939

Other liabilities 5508508

Provision for gratuity 1051687

Total Liabilities (B) 48853134

Net Assets (A- B) 2325468984

PageS of27



d) Profit for the year ended March 312010 in respect of demergeI of Hotel Division

I Particulars Amount (Rs)

I Loss of Hotel Division in the books of the Company bull transferred to GHRL pursuant to demerger (as per Note 4 i (b) above)

82979459

Add Interest Receivable on unsecured loan pursuant to demerger for the year 2009-10

132340000

bull Add Lease rent receivable on land for the year 2009-10 9127280 I Add Reversal of concession fee on Hotel revenue no bull longer required written back

6875668

Less VAT Service Tax payable on services taken from GHRL dmi ng 2009-10 (ie inter division bill ings) (1149257)

Net adjustment on demerger in the Pro lit and Loss account

230173150

e) Consequent to the demerger of Hotel Division the figures for the current year are not comparable with the corresponding figures of the previous year

6 The Passenger Service Fee (PSF) charged from the departing passengers has two components viz Facilitation Compo rent (FC) and Security Component (SC) Ministry ofCivil Aviation (MoCA) has issueq a Standard Operating Procedure (SOP) for accounting audit of PSF (SC) according to which amounts collected towards PSF (SC) are held by the Company in fiduciary eapacity on behalf of the Government of India and is required to be deposited separately in an escrow account to be utilised for meeting the security related expenses ofthe Airport

The PSF (SC) accounts are required to be maintained separately in accordance with the procedures laid down in SOP and are subject to audit by the Comptroller amp Auditor General of India (CampAG) Accordingly these aecounts exclude the following PSF (SC) Balances which have not been audited by the Statutory Auditors of the Company

Description As at March 312011 As at March 31 2010 Passenger SelVice fee (Security Component) 489860554 419571601 Interest and other income 201916 490062470 183771 419755372

bull Less Expenses 442807048 469590619 Net Income I (loss) 47255422 (49835247)

Surplus (deficit) brought forward (66136456) (1630 I 209) Total (18881034) (66136456)

Fixed Assets (Net) 816930168 842483 I Sundry De~tors 117795110 371669 bull Other Assets 43776743 39543508

Cash and Bank balance in Escrow Account 14185546 7376381 992687567 926569901

I Less Liabilities Hiyable to the Company 940665388 945316900

Payable to Others 70903213 1011568601 47389457 992706357 Total (18881034) (66136456)

Page90f27


Schedule 20 Notes annexed to and forming part of the accounts as at and for the year ended March 312011 (AU amounts in Indian Rupees except as otherwise stated)

The Company has debited the following amounts to the PSF (SC) Fund

Partic ulars 2010-11 2009-10 Fixed assets - 56393754 Fixed assets transfened back by the Company (Refer note i below) - (106535221) Total - (50141467) Personnel Cost - 15259001 Administration Cost 6230288 10202651 Interest cost 69078361 68567584 Expenditure charged back to the Company (Refer note i below) - (17304464)

76724772Total 75308649

Notes

i) Pursuant to certain clarifications issued by the Ministry of Civil Aviation (MoCA) Government of India per circular no 13028 001 2009-AS dated JanualY 08 2010 (as amended vide clarification dated April 16 2010) certain security related expenditure and fixed assets transferred to PSF (SC) account during earlier years have been charged back recovered to the books of the Company in the previous year 2009-10 amounting to Rs 17304464 and RsI06535221 respectively

ii) The Company has represented to MoCA for allowing certain expenses such as land side security cost security related consultancy expenses and other administration costs which are presently not covered as per above circulars and cUlTently these expenses debited to PSF (SC) Account are Rs Nil (March 312010 Rs 166299952) On the basis of discussions am representation to MoCA management believes it will be able to obtain the permission from MoCA to meet these expenses through PSF (SC) Account accordingly no further adjustments have been considered necessary

(TillS SP ACE HAS BEEN INTENTIONALLY LEFT BLANK)

Page 10 of27



7 Details of Investments (current - other tmn trade - u rchased and sold during the year

Cost of Acquisition Sales Description

Units Amount uni~ Amount

IDFC Cash Fund Super Inst 68589004 782370294 6858 786435094 Plan C - Growth (16698325) (180000000) (16698325) (180581 731) ID FC Cash Fund Money Plan 12799020 140063514 12799020 141370294 C -Growth - - -

bull Birla Sun Life Cash Manager 286 50079510 2862422 50~52~~~~ iInstitutional Plan- Growth (812 (120000000) (8120783) (1200552

Birla Sun Life Savings Fund 90642645 1370000000 90642645 im6iInst1 - Growth (38003898) (650287157) (38003 898) (655695 Birla Sun Life Cash Plus Inst 61052322 916200000 61052322 91942 Prem- Growth (82497453 ) (I 190000000) (79099582) (11418724 Birla Sun life Cash Plus - 4564549 80011516 4564549 80621163 Operations Growth (21966826) (320000000) (21966826) (320463249) ICICI Pl1ldential Institutional Liquid Plan-Super Institutional

1357343 191200000 1357343 193121916

Growth (93302194 ) (1705882802) 93302194) (1709879548) ICICI Prudential Liquid Super 7290737 1013725668 7290737 1017589279 Institutional Plan- Growth

(3740 (505000000) (3740392) (505873005) ICICI Prudential Flexible I 340242126 1980677 341025668 Income Plan Premium Growth (1 (250237239) (1476748) (250998838) HDFC Liquid Fund Premium 9428908 179000000 9428908 180044220 Plan - Growth

(37451914) (675 000 000) (37451914) (678736967) UTI Liquid Cash plan 396666 614865698 396666 616849589 Institutional-Growth Option

0166223) (1718200002) (1166223) (1724395230) UTI Treasury Advantage Fundshy 96350 120277 213 96350 120565695 Institutional Plan (Growth

Option) (16222) (20002224) (16222) (20046026) UTI Liquid Cash Institutional - 127433 200700000 127433 201305502 Growth - - - -Axis Liquid Fund - Growth 543414 580999999 543414 583267405

- - - -

I Tata Liquid Furxi - Growth 205536 364300001 205536 366257295 - - - -

Reliance Liquid Fund shy Growth 7894561 115100000 7894561 116518198 - - - -

IDFC Cash Fund - Inst Plan Bshy - - - -Growth (2354231 ) (37500000) (2~54231) (37531155) HDFC Operations Liquid Fund 30268031 565500000 30268031 566504218

Growth (33203434) (604000000) (33203434) (604964362)

Page 11 of27


Schedule 20 Notes annexed to and forming part ofthe accounts as at and for the year ended March 31 2011 (AU amounts in Indian Rupees except as otherwise stated)

Sales Description

Units

Cost of Acquisition

Amount

ife Savings Growth

Amount Units

-- --(136277 258)

HDFC Cash Management Fund (7803816) (7803816)(135067125)

-Treasury Advantage Plan shy

Wholesale - Growth

--

(131004175) lDFC Cash Fund Super Inst

(6510244)(6510244) (130042775)

- -PlanC Growth

- -(170183126)

ICICI PlUdential Flexible (15273271)(15273271) (170000000)

--- -Income Plan Premium Growth

(196096975) lDFC Money Manager Fund shy

(1 (1146054)(1146054)

--- -Treasury Plan Inst Plan B shyGrowth (25046420) lDFC Money Manager Fund

(1703444) (1703444)(25010307)

-Treasury Plan Super Inst Plan C Growth

-- -

(75120951)(6886397) (75061728) (6886397)

765890 1742 7624635539Total

(8706476075) (8684821901 ) II

Notes Previous year figures are mentioned in brackets

(THIS SPACE HAS BEEN INTENTIONALLY LEFT BLANK)

Page 12 of27


Schedule 20 Notes annexed to and forming part of the accounts as at and for the year ended March 312011 (All amounts in Indian Rupees except as otherwise stated)

8 Loans and Advances

a Advances due from companies under the same management

Name ofthe Company March 312011 March 312010 Hydembad Menzies Air Cargo Private Limited Hydembad Aitport Security Services limited MAS GMR Aerospace Engineering Company Limited GMR Hyderabad Aerotropolis Limited GMR Hydembad Aviation SEZ Limited GMR Hotels and Resorts limited Hyderabad Duty Free Retail Limited

10409606 66150000

1690008 52106758

133847016 226397938

15000000

5207606 66150000

168605187 -

38449241 6600000

-

b Maximum amount due during the year ended from companies under the same management

Name ofthe Company Maximum amount due during the

year ended March 312011 March 31 2010

Hydembad Menzies Air Cargo Private Limited Hydembad Aitport Security Services Limi ted

MAS GMR Aerospace Engineering Company Limited GMR Hyderabad Aerotropolis Limited GMR Hyderabad Aviation SEZ Limited

GMR Hotels and Resorts Limited

Hyderabad Duty Free Retail Limited

10409606 66150000

691686670 52106758

133847016 1556617206

106800000

10420820 125000000

209190000 21300000 38454241

6600000

-

9 The Company is engaged in operating the airport and related activities which in the context of Accounting standard 17- Segment reporting notified under Section 211 (3C) ofthe Companies Act 1956 is considered as single business segment Hence reporting under the requirements of the said standard does not arise

(TIllS SPACE HAS BEEN INTENTIONALLY LEFT BLANK)

Page 13 of27



10 Details of transactions with Related Parties ANames 0 fld parbes and description 0 fre ate relationship

(i) Holding Company GMR Infrastructure Limited (GIL) Ibullbull (ij) Ultimate Holding Company GMR Holdings Private Limited (GHPL)

(iii) Subsidiary Companies Hyderabad Menzies Air Cargo Private Limited GMR Hyderabad Aerotropolis Limited GMR Hyderabad Airport Resource Management Limited Hyderabad Airport Security Services Limited GMR Hyderabad Aviation SEZ Limited GMR Hyderabad Multiproduct SEZ Limited GMR Hotels and ReSOIis Limited Hyderabad Duty Free Retail Limited GMR AirpOli Handling Service company Limited

(iv) Fellow Subsidiaries (ie Enterprises under common GMR AirpOliS Holding Limited control of holding company) GMR Aviation Private Limited

GMR Krishnagiri SEZ Limited GMR Energy Limited GMR Tambaram-Tindivanam Expressways Private Limited GMR Tuni-Anakapalli Expressways Private Limited GMRladcheria Expressways Private Limited Delhi International Airport Private Limited GMR Pochanpalli Expressways Private Limited GMR Ulundurpet Expressways Private Limited Gateways For India AirpOIis Private Limited GMR Corporate Center Limited GMR Infrastructure (Mauritius) Limited GMR Energy Trading Limited GMR SEZ and Port Holding Private Limited GMR Highways Private Limited GMR Corporate Affairs Private Limited GMR Hyderabad Vijayawada Expressways Private Limited GMR Vemagiri Power Generation Limited GMR Rajahmundry Energy Limited EMCO Energy Limited GMR Chhattisgarh Energy Limited GMR Kamalanga Energy Limited GMR Airport Developers Limited GMRMllle International Airport Private Limited

(v) Fellow Subsidiaries of Ultimate Holding Company Raxa Seeurity Services Limited GMR Sports Private Limited GMR Baunerghatta Properties Private Limited

(vi) Shareholders having significant influence Government of Andhra Pradesh Airports Authority ofIndia

i Malaysia Airports Holdings Berhad MAHB (Mauritius) Private Limited

(vii) Key Management Personnel Mr Kiran Kumar Grandhi - Managing Director (viii) MAS GMR Aerospace Engineering Company Limited IJoint Venture (ix) Associate Asia Pacific Flight Training Academy-imited I (x) J oint Venture of Subs idiary Company TVS GMR Aviation Logistics Limited

Page 14 of27



B Summary of Transactions with related parties is as follows

i

Sl Related Party Transactions

April 01 2010 2009 to No March 31 312010 (i) Repayment of Share Application Money

I Government of Andhra Pradesh - 76350 11 Malaysia Airport Holdings Berhad - 300600 bull

(ii) Remuneration to Key Management Personnel Mr Kiran Kumar Grandhi Managing Director 19379050 19671981

(iii) Selvices received i Raxa SecUlity Selvices Limited 50391889 bull 9677616

11 GMR Hyderabad Airport Resource Management Limited 145449218 bull 230733905 111 GMR Hotels amp Resoi1S Limited 13981702 -IV Ai11)01t AuthOlity of Ind ia 1731332 1033760 v GMR Aviation Private Limited 74996096 -

vi GMR Airport Developers Limited 94578424 -Vll TVS GMR Aviation Logistics Limited 271273 -

(iv) Investment in 1 GMR Hyderabad Aviation SEZ Limited - 18500000

ii MAS GMR Aero Space Engineering Company Limited 158498700 47535000 iii GMR Hyderabad AerotroJXllis Limited - 21300000 iv GMR Hotels and Resorts Limited (pursuant to demerger) 1096089160 -v GMR Airport Handling Services Company Limited 500000 -

vi Hyderabad Duty Free Retail Limited 20000000 bull VII Asia Pacific Flight Training Academy Limited 200000

(v) Advance towards Share Application Money I GMR Hyderabad Aerotropolis Limited 25000000 -

ii MAS GMR Aero Space Engineering Company Limited 8 1690060

Hyderabad Duty Free Retail Limited 15000000Ill -iv GMR Hyderabad Aviation SEZ Limited 44000000 -

(vi) Advance towards Share Application money received back i Hyderabad Menzies Air Cargo Private Limited - 5802650

(vii) Advances given

5[39777 1 MAS GMR Aerospace Engineering Company Limited 41000000

II GMR Hyderabad Aviation SEZ Limited -iii GMR Hyderabad Aerotropolis Limited 27106758 -

(viii) Advances recovered

-Ii Hyderabad Airport Security Services Limited 58850000 bull ll MAS GMR Aerospace Engineering Company Limited 166915187 40584813

Ill GMR Hyderabad Multi product SEZ Limited - 5000 iv GMR Hyderabad Aviation SEZ Limited - 5000

(ix) Security Deposit refunded i Hyderabad Airport Security Services Limited 250000000

II Hyderabad Menzies Air Cargo Private Limited 1000000 1000000 (x) Income from Operations

1 Hyderabad Menzies Air Cargo Private Limited 159742965 121321450 ll GMREnergy Limited - 5000000 iii MAS GMR Aerospace Engineering Company Limited 5681669 5000400 IV Hyderabad Duty Free Retail Limited 34956013 -

Page 15 of27



SI Related Party Transactions

April 012010 to April 01 2009 to No March 31 2011 March 31 2010

v GMR Krishnagiri SEZ Limited 5667594 -

vi GMR Hotels and Resorts Limited 18409515 -

Vl1 Airport Authority ofIndia 24062515 -

viii GMR Aviation Private Limited 244853 -IX TVS GMR Aviation Logistics Limited 451733 -x GMR Infrastructure Limited 11345878 -

Xl GMRHyderabadAviation SEZ Limited 6773519 -Xl1 GMR AirpOlt Developers Limited 2153418 -

(xi) Dividend Income received from subsidiary Company I Hyderabad Menzies Air Cargo Private Limited 20830424 10432031

(xii) Interest on Construction of Security accommodation I Hyderabad Airport Security Services Limited 80169284 79547752

(xiii) Unsecured Loan availed and repaid during the year 1 GMR AirpOlts Holding limited 1780000000

11 GMR Infrastructure Limited 5750000000 (xiv) Interest paid on Unsecured Loan availed and repaid during the year

i GMR Airports Holding limited 2931506 -11 GMR Infrastructure Limited 44349316 -

(xv) Construction of Security accommodation i Hyderabad Airport Security Services Limited - 8480086

(xvi) Unsecured Loan given 1shy GMR Hotels amp Resorts Limited (includes Rs 1300000000 1350774283 6600000

pursuant to demerger) ii MAS GMR Aerospace Engineering Company Limited 565000000 20000000

Hyderabad Duty Free Retail Limited 90000000 -111

(xvii) Unsecured Loan received back 1shy GMR Hotels and Resorts Limited 1357374 283 bull

11 MAS GMR Aerospace Engineering Company Limited 585000000 - Hyderabad Duty Free Retail Limited 90000000111 -

(xviii) Interest on Unsecured Loan given 1shy GMR Hotels and ResOlts Limited (pursuant to de merger) 228906398 i 5522 11 MAS GMR Aerospace Engineering Company Limited 39991022 76141

Hyderabad Duty Free Retail limited 655027411l -

(xix) Sale of Asset i Delhi International Airport Private Limited 10945337 i -

ii GMR Infrastructure limited 1318777 -

GMR HyderabadAviation SEZ Limited 51397775111shy -

(xx) Purchase ofAsset i GMR Hyderabad Airport Resource Management Limited 443973 -

(xxi) Pledge of equity shares by the Shareholders having significant influence in the Company with bankers against the loan taken

1shy GMR Infrastructure Limited - 130684630 ii Malaysia Airports Holding Berhad (along with its associate) 286564860 -

(xxii) Corporate Guarantee given by the Company on behalf of its Subsidiaries Companies with bankers against the loan taken

-I1 GMR Hotels and Resorts limited 1400000000

Page 16 of27



April 01 2009 to April 012010 to SI Related Party Transactions March 31 2010No March 31 2011

(xxiii) Bank Guarantee given by the Company on behalf of its Subsidialies Companies with bankers

40000000i GMR Hotels and Resorts Limited -(xxiv) Reimbursement of expenses claimed by the Company during the

year liOln its related parties I GMR Energy Limited 119611 158479

II GMR Infrastructure Limited 706461 3728314 111 GMR Vemagiri Power Generation Limited - 105000 IV GMR Tuni AnakkapalJi Express3ys Private Limited - 20000 v GMR Indus hies Limited - 60553

VI Hyderabad Airport SecUlity Services Limited 1000 1000 vii GMR Krishnagiri SEZ Limited 21165 5482802

VIII Delhi International Airport Pri vate Limited 7109016 14826315 IX GMR Batmcrghatta Properties Private Limited - 39600 x GMR Sports Private Limited 4382934 964521

Xl Raxa Security Services Limited 398500 xii GMR Rajahmundry Energy Limited 804993 13996

xiii GMR Corporate Affairs Private Limited - 313674 XIV GMR Hyderabad Aitport Resource Management Limited 46926 494358 xv GMR Hyderabad Aviation SEZ Limited 3368197 -

xvi MAS GMR Aerospace Engineering Company Limited 2379873 -XVII GMRladcherla Express3ys Private Limited 109539 -

XVI11 GMR Airports Holdings Limited 1216997 -

XIX GMR Hotels and Resorts Limited 42622162 -

xx GMR Chhatisgarh Energy Limited 119568 -XXI Hyderabad Duty Free Retail Limited 2489871 -

XXll XXlll

EMCO Energy Limited )

GMR Kamalanga Energy Limited 29786

23784 --

XXIV GMR Hyderabad Vijaya3da Expressway Limited 389723 -xxv Hyderabad Menzies Air Cargo Private Limited 11970193 -

XXVI GMR Male International Aitport Private Limited 14843537 -XXVll TVS GMR Aviation Logistics Limited 10640 -xv111 Airport Authority of India 13798891 -xxix GMR Airport Handling Service Company Limited 2500 -xxx GMR HyderabadAerotropolis Limited 350 -xxxi GMR Hyderabad Multiproduct SEZ Limited 100 -XXXII Gateways For India Airports Private Limited 100 -

(Xxiii GMR Holdings Private Limited 17100 -xxxiv GMR Infrastructure (Mauritius) Limited 26503242 -xxxv Asia Pacific Flight Training Academy Limited 227020 -

pltXXvi GMR Airport Developers Limited 1023794 -(xxv) Reimbursement of expenses claimed from the Company during the

year by its related parties i GMR Industries Limited - 60744

ii GMR Krishnagiri SEZ Limited 408090 1604486 Ill GMR Aviation Private Limited 255020 8773 iv Delhi International Airport Private Limited 8770781 22233310 v Raxa Security Services Private Limited - 155516

Page 17 of27


Schedule 20 Notes annexed to and forming part of the accounts as at and for the year ended March 31 2011 (AU amounts in Indian Rupees except as othenvise stated)

I SI

Related Party Transactions April 01 2010 to April 012009 to

No March 31 2011 March 31 2010 VI GMR Corporate Affairs Private Limited - 335705

vii GMR Corporate Centre Limited - 4136240 Vlll GMR Hyderabad Airport Resource Management Limited - 4100

IX MAS GMR Aerospace Engineeling Company Limited 144188 1320349 x GMR Hotels and Resorts Limited 6000 -

Xl GMRJadcherla Expressways PI1vate Limited 375705 - Represents amount receivable towards transfer of assets which was converted into unsecured loan

bull

C 0 utstanding balances as at the end ofthe year SI No

Paliiculars As at March

312011 As at March

312010 (i) Balance Recoverable (Payable)

1 Hyderabad Menzies Air Cargo Private Limited 33717760 14032375 ii GMR Hyderabad Airport Resource Management Limited (32394139) (40316857)

iii Hyderabad Airport Security Services Limited (845739660) (899997309) IV MAS GMR Aerospace Engineeling Company Limited 5948172 6947481 v Raxa Seculity Setvices Limited (5199982) (1374660)

vi Airports Authgtlity oflndia 13434147 (847020) Vll GMR Infrastructure Limited 2519195 11821

viii GMR Krishnagili SEZ Limited 5843266 12348 ix Delhi International Airport Private Limited (8652993) (7399670) x GMR Bannerghatta Properties Private Limited 115800 115800

xi GMR Sports Pl1vate Limited 58927 964521 xii GMR Rajahmundry Energy Limited 85598 -

XVll GMRJadcherla Expressways Plivate Limited (338134) -

Xlll GMR Airports Holding Limited 1216997 -xiv Hyderabad Duty Free Retail Limited 33941468 -xv GMR Hotels amp Resorts Limited 19828654 -

XVI GMR Hyderabad Vijayawada Expressways Limited 116975 -xvii GMR Holdings Private Limited 59831 -

XVlll GMR Male International Airport Private Limited 9566262 -XIX TVS GMR Aviation Logistics Limited 31767 -xx GMR Aviation Plivate Limited (43021923)

XXI GMR Infras tructure (Mauritius) Limited 26503242 -XXII GMR Hyderabad Aviation SEZ Limited 7083619 -

xxiii GMR Kamalanga Energy Limited 16033 -XXIV Gateways For India Airports Plivate Limited 100 -xxv Asia Pacific Flight Training Academy Limited 227020 -

xxvi GMR Airport Developers Limited 4371965 -(ii) Security Deposit received from Subsidiary Company

1 Hyderabad Menzies Air Cargo Plivate Limited 13000000 14000000 (iii) Dividend receivable from subsidiary Company

i Hyderabad Menzies Air Cargo Plivate Limited 10409606 5207606 (iv) Advance towards Share Application Money

1 MAS GMR Aero Space Engineering Company Limited 1690008 1690000 ii Hyderabad Duty Free Retail Limited 15000000 -

iii GMR Hyderabad Aerotropolis Limited 25000000 -IV GMR Hyderabad Aviation SEZ Limited 44000000 -

Page 18 of27


Schedule 20 Notes annexed to and forming part ofthe accounts as at and for the year ended March 312011 (AU amounts in Indian Rupees except as otherwise stated)

SI No

Particulars As at March

31 2011 As at March

312010 (v) Investments in Subsidiaries

L Hyderabad Menzies Air Cargo Private Limited 5389350 5389350 ii GMR Hyderabad Aerotropolis Limited 21800000 21800000

III GMR Hyderabad Airport Resource Management Limited 500000 500000 IV Hyderabad Airport Security Services limited 125000000 125000000 v GMR Hyderabad Aviation SEZ Limited 19000000 19000000 vi GMR Hyderabad Multiproduct SEZ Limited 500000 500000

vii GMR Hotels and Resorts Limited 1096589160 500000 VB 1 Hyderabad Duty free Retail Limited 20000000 -

ix GMR Airport Handling Services Company Limited 500000 -

Investment for Joint venture Company l MAS GMR Aerospace Engineeling Company Limited 206033700 47535000

Investment in Associates II Asia pacific Flight Training Academy Limited 200000 -

(vi) interest free subordinate debt given to subsidiaries I Hyderabad Airport Security Serviees Limited 66150000 66150000

(vii) Loans and advances to Subsidiaries I GMR Hotels and Resorts Limited 226397937 6600000 I

11 GMR Hyderabad Aviation SEZ Limited 89847016 38449241 111 GMR Hyderabad Aerotropolis Limited 27106758 -

(viii) Loans and advances to joint venture 1 MAS GMR Aerospace Engineering Company Limited - 166915 187

(ix) Pledge of equity shares by the Shareholders having significant influence in the Company with bankers against the loan taken I GMR Infrastructure Limited 1641490150 1641490150 ii Malaysia Airports Holding Berhad (along with its associate) 286609380 44520

(x) Pledge of equity shares by the Company with bankers against the loan taken by the Subsidiary Companies

i Hvderabad Airport Security Services Limited 37500000 37500 000 i

(xi) Corporate Guarantee given by the Company on behalf of its Subsidiaries Companies with bankers against the loan taken

I GMR Hotels and Resorts Limited 1400000000 -(xii) Bank Guarantee given by the Company on behalf of its Subsidiaries

Companies with bankers towards fulfillment of Debt Service Reserve Account compliances as required under the loan covenants

i GMR Hotels and Resorts Limited 40000000 -

Page 19 of27




a) Defined Contribution Plan

Contribution to Provident and other funds under Personnel Cost (Schedule 16) arc as under

For the year ended the year ended March312011 March 31 2010

Contribution to Provident Fund 13848683 15278742 Contribution to ESI 871446 69852 Contribution to Labour Welfare Fund 2545 2530 Contribution to Superannuation Fund 8914139 8610160

Total 23636813 23961284

b) Defined Benefit Plans

The Company has a defined benefit gratuity plan Every employee who has completed five years or more of service gets a gratuity on departure at 15 days salary (last drawn salaty) for each completed year of service

The following tables summarise the components of net benefit experne recognised in the profit and loss account and the funded status and amounts recognised in the balalxe sheet for the gratuity plan

Profit and Loss account

Net employee benefit expense (recognised in Employee Cost) For the year ended For the year ended

March 2011 March 2010

Current serviee eost Interest cost on benefit obligation Expected return on plan assets Net actuarial gain (loss) recognised in the year Past Service Cost

Balance sheet

of Provision for a-hitp

1652743 2279948 723438 623832 982288 665416 (62351) (280330)

As at at ____________________Ma=-rch31z20Icl_mMarch 312010

Fair value ofplan assets 14633627 8299265 Defined benefit obligation 11 34 1 60

Page 20 of27



Changes in the present value of the defined benefit obligation are as follows For the year ended For the year ended

March 312011 March 31 2010 Opening defined benefit obligation 10453160 7805240 Less Transfer pursuant to demerger (1051687) Net Opening defined benefit obligation 9401473 7805240 Interest cost 723438 623832 Current service cost 1652743 2279948 Past Service Cost 503426 Benefits paid (716993) (14671) Actuarial gains (losses) on obligation (65953) (241189) Closing defirl~ltIgt~nefit obligation 11498134 10453160

For the year ended For the year ended __________________-----M---a-Imiddotch-=3-=12-0-1=1_----l1arch 31 2010

Opening fair value of plan assets 8299265 8062129 Expected return on plan assets 982288 665416 Contributions by employer 6905503 2726458 Benefits paid (716993) (3193880) Actuarial gains I (losses)

The Company expects to contribute RE 2000000 (March 31 2010 RE Nil) towards gratuity fund in 2011shy2012

The major categories of plan asset as a percentage of the fair valne oftota plan assets are as follows

Notes i) The estimates of future salary increases considered in actuarial valuation take account of inflation

seniority promotion and other relevant factors such as supply and demand in the employment market

ii) The expected return on plan assets is determined considering several applicable factors mainly the composition of the plan assets held assessed risks ofasset management historical results of the return on plan assets and the Companys policy for plan asset management

The principal assumptions used in determining gratuity obligation for the Companys plans are shown below

For the year ended For the year March 312011 March 31 2010

Discount rate 8 8 Expected return on plan assets 85 85 Rate of compensation increase 6 6

Page 21 of27



Amounts for the current and prior periods are as follows

2010 -11 2009 10 Defined benefit oblilfltion (a) 1149813 10453160 Fair value ofplan asset (b) 14633627 8299265 Surplus 1deficit (b - a) 3135493 (2153895) 968432 Experience adjustments on Ian liabilities (65953) (241189) (679052)

Experience adjustments on plan assets (836436) 39142 170969

c) Liability towal1is compensated absence is pmvided based on actuarial valuation amounts to Rs 13881061 (March 312010 Rs 10013955) as at March 31 2011

12 Eaming Per Share (EPS)

I Particulars For the year ended

March 312011 For the year ended

March 31 2010 a Pm fit 1(Loss) after Tax 1039843998 (1092204252) b Weighted average number of Equity Shares of Rsl 0 each outstanding during the year

378000000 378000000

I c Eamings Per Share -Jli~ic and Diluted 275 (289)

13 Deferred Tax

Ca) The Company is entitled to claim tax holiday for any 10 consecutive years out ofl5 years from the year of commencement of commercial operations in 2007-08 under Section 80-IA of the Income Tax Act 1961 with regard to income from airport operations Considering that the Company had brought forward losses of Rs 598364080 and unabsorbed depreciation of Rs 7485491371 as at March 31 2011 under Income Tax Act 1961 the management based on the projected future taxable income expects to avail such tax holiday from the assessment year 2018-19

The Company has recognised deferred tax asset (net) amounting to Rs 1028914700 on carry forward business loss and unabsorbed depreciation available for set-off from future taxable income before commencement of the expected tax holiday period The management based on internal assessment and lelfll opinion believes that there is virtual certainty with convincing evidence of availability of such future taxable income as it is entitled to levy regulated charges at the Airport as per the Concession Agreement read along with Order Nos 13 and 142010-11 and Direction 512010-11 of Airports Economic Regulatory Authority which ensure a reasonable rate of return to the airport operator considering the fair rate of return on regulatory assets base operations and maintemnce expenses depreciation and taxes

Based on an independent experts opmlon the aforementioned net deferred tax asset has been recognised in respect of all the timing differences which have originated up to March 31 2011 and are expected to reverse either before commencement of the expected tax holiday period or after the expiry of such tax holiday period

Page 22 of27

i



(b) Break up of Deferred Tax Asset (net) is as follows

Particulars As at March 31 2011 As at March 31 2010 Deferred Tax Asset arising on account of

i) Unabsorbed Depreciation 1833670454 ii) Loss carried forward

2428667675 194139226 -

Total Deferred Tax Asset (A) 18336704542622806901

Deferred Tax Liability arising on account of i) Difference betvveen carrying amount of

fixed assets in the financial statements and the income tax returns 159389220 I 1833670454

Total Deferred Tax Liability (B) 1 593892201 1 833670 454 Deferred Tax Asset (Net) (A - B) 1028914700 -

14 The Company has not dealt with any party as defined under the provisions of Micro Small and Medium Enterprises Development Act 2006 during the year

15 The Company had taken residential and office premises under cancellable operating leases The rental expenses under such operating lease during the year is Rs 55635471 (March 312010 Rs 50224007)

(TIDS SPACE HAS BEEN INTENTIONALLY LEFT BLANK)

Page 23 of27



16 Information on joint venture

The Companys interest in the below mentioned joint venture is reported as Long tenn Investments (Schedule 6) and stated at cost The Companys share ofeach ofthe assets liabilities income expenses etc related to its interests in the joint venture based on the audited financial statements are as below

MAS GMR Aerospace Engineering Company Limited

Particulars (MAG) March 31 2011 Mllfch 31 2010 ~

(1) Share in ownership and voting power of the Company 50 50

bull (2) Country of incorporation India India

(3) Contingent Liabilities Company has incurrcd in relation to - -

Joint Venture

(4) Comnanys share of contingent liabilities of joint venture - -(5) Companys share of capital commitments of the joint venture 351436677 115815000

(6) Aggregate amount of Companys share in each of the folloVving ~(Il)Current Assets 293758891 4501010

I (b) Fixed Assets (including Capital work in progress and pre bull operative expenditure pending alloeation)

589440902 172944483

I(~j Investme~ts 25 -(d) Current Liabilities and Provisions 77010633 49041413

I (e) Borrowing 615000000 83457594

(f) Income

1 Sales - -2 Other income 2800553 1445406

~enses l Personnel cost 3686609 -2 Administration expenses 9569969 4784230

3 Depreciation 96408 -4 Finance charges 266546 94688

5 Provision for taxation 1187058 -

Note The Company had become the joint Venturer Vvith effect from September 7 2009

(THIS SPACE HAS BEEN I NTENTIONALLY LEFT BLANK)

Page 24 of27


Schedule 20 Notes annexed to and forming part of the accounts as at and for the year ended March 312011 (An amounts in Indian Rupees except as otherwise stated)

17 Auditors Remuneration (exclusive of service tax)

Particulars For the year ended March 31 2011

For the year ended March 31 2010

bull StatutOlY Audit fee 1800000 1800000 Tax Audit fee (Pertains to FY 2009-10) 300000 Certification 100000 Other Services 50000 187500 Out of Pocket expense 88984 -

Total 2338984 1987500 paId to one ofthe Jomt audItors

18 Managerial Remuneration

Particulars For the year ended

March 31 2011 For the year ended I

March 312010 Salary bonus and other allowances 15240261 15598300 bull Contribution to provident and other funds 3962498 3807000 I Perquisites and other allowances 176291 266681 I

Total 1937905~ 19671981

Note i) As the future liability for gratuity and compensated absences is provided on an actuarial basis for the

Company as a whole the amount pertaining to the directors is not ascertainable and therefore not included above

19 Derivative Instruments and un-hedged foreign currency exposure

(a) There are no outstanding derivative contracts as at March 31 2011 and March 31 2010 other than interest rate swap as referred in note II (3)

(b) Particulars of unhedged foreign currency exposure are as follows

2009-102010 -11 Particulars Closing Amount in Amount in Closing

Rate Ru esRate Creditors 6795 2421927179

578 4991304bull Creditors Creditors 4490 20953788D 175522 4514 7 Creditors EUR 15272 6338 Creditors SGD6561 3538

4559 5698750000Foreign Currency Loan USD 118750000 4514 5360 USD 125000000


Page 25 of27



20 Expenditure in Foreign Currency (on Accrual basis)

Partic ulars For the yea r ended March 312011

For the year ended March 312010

Professional Charges 12802946 63964031 Interest 436192498 459035116 Others 20344369 43724129

Total 469339813 566723276

21 Eaming in Foreign Cunmiddotency

Particulars For the year ended March312011


Revenue from Hotel Opcrations - 69052454 Total - 69052454

22 C1F Value of Imports



Capital Goods 3186850 34519072 Stores and spares 46373715 9744759

Total 49560565 44263831

23 COlliumption of Stores and Spares

Particulars Forthe year ended

March 31 2011 For the year ended

March 31 2010

00 Value 00 Value Imported 6399 43201 015 1304 9744759 Indigenous 3601 24306261 8696 64980103

Total 10000 67507276 10000 74724862

It is not practicable to furnish quantitative information in view of the considerable number of items with diverse size and nature

24 The Company is entitled to custom duty credit scrip under Served From India Scheme (SFIS) of Foreign Trade Policy issued by Government of India Under the terms of SFIS service providers are entitled to duty credit scrip as a percentage of foreign exchange eamed by the Company that can be utilised for payment of import duty in case of imports The Company has during the year utilised custom duty credit scrip amounting to Rs 12904767 (March 312010 Rs Nil) against payment of import duty in respect of import of inventOlies As these scrips are non - tradable and have been used for the payment of custom duty on import of inventories for airport development project the Company has recorded inventories imported at net amount (after excluding the amount of custom duty not paid by using these scrips) and no accounting has been done in these financial statements against expected utilisation for custom duty credit scrip entitlements due to the Company amounting to Rs 186377630 (including Rs 125399237 estimated to be utilised within the group as per the scheme) as at March 31 2011 out of total eligibility ofRs 243294667

Page 26 of27


Schedule 20 Notes annexed to and forming part of the accounts as at and for the year ended March 31 2011 (An amounts in Indian Rupees except as otherwise stated)

25 Additional Information pursuant to paragraphs 3 4 4-C and 4-D of Part - II of Schedule VI to the Companies Act 1956 to the extent either Nil or Not Applicable has not been furnished

26 Previous year figures have been regrouped and reclassified wherever necessary to conform to those ofthe current year

Signature to Schedule 1 to 20 As per our repOit ofeven date

For SRBatliboi amp Associates For Brahmayya amp Co For and on behalf of the Board of Directors of Firm Registration No 101049W Firm Registration No 000515S GMR Hyderabad International Airport Chartered Accountants Chartered Accountants Limited

ampl- SdI- Sd- SdIshyper Sunil Bhumralkar per PS Kumar Kiran Kumar Grandhi RSSLN Bhaskarudu Partner Partner Managing Director Director Membership No 035141 Membership No 15590

amplshyT Venkat Ramana Company Secretary

Place Bangalore Place Bangalore Place Hyderabad Date May 102011 Date May 102011 Date May 10 2011

Page 27 of27

zn~ Udnh~H utcnlatiuna ir-port Limited

Cash now ifraquotcmcnt fur Ute ~nr lnded llarcli ~C 201 i

ACASH FLOW FROM OIIIltA LG ( TlVlnF~ rrofil bull (100) bcfnrc wxation

riju5rncIlts fc Jtpllatil)i and ammtisai-ion I

tJnr11d fo-gr tXthll~pound ~~ ~~Jl l

Tntcrcsl it1Cmh

[nkrcmiddotll~ xp0amp

f)iv1dend llicomo

income r~m Imiddot~huti~

(vlritli (If 101 1 TF ailHitl(

Losgt ~Profi em -117 diszurJing I~fh~

Liabilities no [unger nquingtJ VriHi b1gt~it

13ld debts vritHm off Pr(lvikm tbr B~ti Ddm

AQiu~Urcrl ~)1 lt1CltcJnt orDen cz ui 2 0lling Proli Herore W(Jkin~ Cal)llal ChUIli( AdjuttUiIlIS fin

(T ncrcasc) dcrl~ns~ in inventoric-

Hmnt~ diXfctl-1 ill foundry ddJh)r~

On~rCtie) dr~r~m( in 100Hi and 1lt11(-

leASH FLOW FROl INVEST~G cnvrrns

I I Purchu( )f Fixfd sScIS (indlldinp (I[litHi vork ill progn- irid lpital HJtH1IXSj

Snit f)f ilxCt1 i1~~~~

Ptnh~r Df~lvc$trlm~ in Subsdnn~ l)ilr~hHgtc Dr iliVCSlrIVffi- in itIm -cnturC

Pur-~~bullbullbull ~ f ~1Ctcnt in ~~-gtl1Cit~ ~Ufpd~

PUfchl$c ofCurrcn( lnYcxtlll~Ilb -lhm lJHk

inmiddotl(~tmem in margin nLon~y kpt)~ii~ fKtJ

dtnt ((J -lb~duitIilS mu jfttH middotlnUt~

Rcflmd ur lm~CuPcl lonn 1Y(Hl ~llhidinirico

(JvltttlCC iccO-tfabk from othcrccmpan-=~~

nC-tcd l ~tuu l1pplicaiu llun

Dividend Civw

JN~et-F(iecore~e)~I~i=lere=lIlI~eiICIISh~D~CRIiIt-CCltiampIlI~va~lcnts~_l ____~4~9~~~~-_bull(A+B+C)_____+ le38B8335 Cuhand Cub Equivalent5 at tbe berlnning ofthn year 698 1113062 367304397 Less Mjumnent on demenrcr (Refer Ntrle -2) ____~____+-____(93L~ ~ CAsli and ClISh Igtqnhgtlents at the clld of the year 731)27164 ----6ii~ I

lt 1 I ijpiny li~ iidcnakcll 1 Schm ~f tTangl[WHt i1 liB lltlHrt~ It[ dcmttger lHHit tCtioH 79-

9_~f F~~ut lt~~l J Hu~d di~1( uf tht Comp~l it v~~ttj ~nw GMR ]lmds p-ud R0--H1lt

UJ~ ~~lIJ Lhs i~ (()1sider~-d a~ non (ush rranlilltinn Tor tile [)tlrppsc of ca~h 11lt)1 -Wlemt~m

~ ljr~-~ ii~ ~pTJii~ ~middottiit~middotlt I R~rtl --fLJte H(5) uf ScbiJue ~O

~or ILH1Hhni amp L-mcill- 1-u1 BralIua)~tll amp Co 1(01 and olllHuH iJt the middotf~t-HrH ~ ~k((ton ot il~l Imiddot~middot~thtr)iidl tllidmiddot1 ln ~4 i llij1 ilgjtmtion DHmhcr O()O) jS GMI~ 1IrkrllfW nlem~Dn1j -JrpQrl Limit

(~l~lrll~n(l ccnUll(all

~lti

pr-r r K Kumar KitmiddotiUl Kun~l irnudhl lurll M(lJll1Ring ic(lC-

Phv J1yrlltioiii

Dat~ M~l) t~

(IVJR fnrnERAUAD INTER1~ATIONAL AIRPORT LIlVllTED

Balance Sheet Abstract And Company GcncaI Business Profile

HI Mobilisation and )cvduplmHl n Funds Amount in Rs Thousandsl

of COmpml) ( Amount in lis Thollsands)

i L

GifR Hydcrabad nlCnu(O1l

Place Hydcrahad

])atc ~Yf(iy i D 20 I ~

Sdi-

Kirun Kumar Grandhi Managing Direcror

ScishyR S S I N has](nJ(

Director

Sdimiddot TVenkat Ramana Company $ccrcrnfV

5 Furthr to our comments in th~ Annexure referred to above C replrt that

L Excepi lor mailers as discussed in paragraph 4 ahuve we have obtained all the infonnllli()l1 and explanation~ which to the bet of our knowledge and belief Were flecesary tc)[ the purposes of ollr audit

Ii fn Qur oplman proper book5 of lt)CT)llllt a~ required by Iltm have been kltPl by the CmnplIlj (1 far as appears fmlll lUI examination of lhose books

IiI The balance ShCd proiil and lo~s aCcount and cash flo slHeiTwnt dealt vilh by thi~

rcpnn arc in aglcemem with the bNlks of account

IV xcep for marllrs as discllssed in paragraph 4 aboe in our opinion the balance sheet profit and loss account and cash flow ~[()lement dealt with tb report comply with the accounting srandmds referred to in ~ub-ection (3C) of cetinn 211 of the ComlJanics Act 1956

v On the lnhi~ of the written reprecntations received from the direLrors a~ on March 31 20 II and taken on record by the Board of Directors we report that none (Yf the directors is disqualified as on Mareh 31 2011 from being appointed a it director in terms of clause of Sll b-sectiol (I) of section 274 of the Companies Act 1956

VI In Ollr opinion and to the best of our information and according to the explanations given lo Ll$ the aid accounts give the informmlon required by the Companies Act 195( in the manner so required ill1d 5Jlbjecl 10 the adjuxlnulITs if any film 1IlV arise on accoum

Irwuers discassed in paragraphs 4 abole the impact of whhh is presenrly ilnascerloirwble the said aC(Ounts a true and fair vie in conformity with the accounting principles generally accepted in India

a) in the case of the balance sheet of the slate of amlrs of the Cmnpany as alrifarch 31 20 I

bl in the C(i$C or the profit and loss aCCOllnL of the profit for the year ended 011 thal date and

c) in tht~ Ulse of cash flow starement of the cash flows for the year ended on that clate

For SRBatliboi amp Assodales finn registration numbr 10 049W ChMtered AC((JUIHiII1Clt

per Sunil Biuunralkar

Pctrtllcr lV1embcrship N) 035141

PlaCe Baugalore Date May 10 2Cn I

For Brahmayya amp Co Finn registration number 0005155 Chartered AeCl)Un(iU1h

per PSKunmr

Partner Membership No DI5590

PIace Bang~dnrc Date ivla~ 10 2()1 I

Page 2 (~l5





















Custom~

E~cist and Tax

ClltJm~ Ecbc LIX


55653347

74300)00

252026054

4832850

orum where

Various dates


Tax Hyderahad

2004middotmiddot05




financial year

Fag 4 of5




















(Amoum in RlljlC~5J

----_----------_____-_ _ shy 1 SOlin( 1 Funds





UJ (110 Bbd


J Nel HID



~ Investments


h Sundry DcblJ~g


1 iXDt) md dWl(C~


II Li])iitie


to II

L 13

378ilonwlOO

lSiW43249

L)2fl2222195

29A92654691l

19618(1))97

3~5middot13~822() 19 22419J)47578

f99f9~)55

224389(6633

I02B9i4700

1195511210

H316lCK)

85oI151)8J 7734()4li

[2791853

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31 141 606497

2~ltJ4~ q~252q

1)65t32bti

15717A19~65 2376111~4a

26015()70213

nO2H3S0

95I1hA62

S57J73JJl5 762090A37

757Qltr76 193350 L

3655728202


1610927420

31140606497



Sci


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(harlcled ccullmml


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(AmOUl1Illl Rupees)


(Hhcr In(()~nc


Op(r~~ung C(~t

AuminiIElllun C)$(

FiHanCl~ Charges




yar




Scbedule

4

16

7

20


) t6556J72 i

222~ i 8)870

5387749)91 n 5S()lt)98middott

5172239607

5012851)01 8453447g(j

626557727 200S644()09

ll S7 927739 5169759262

2480345

i L12t-19147(0) 29365

(xAn3lg)

1 039 843998

2301B150 I (L

~75


45121 ~7 ()20

14)90333f

~65309095)

179852713 4473238245

568OiJJ37 969236363 540364727

2115552943

1372223599 5565410969

3l52lS

(10922()4252)

[ 1818740 161

f289)

HI



StYmiddotmiddot


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Pta~c Bmgak~re

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per P S KllInllf

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I 559()

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Dale M 102011


Slitmiddot Sdi


SJJ

I V~nlmt RlIltlAlli

(lIl1pany Scen)ry









3780 000000 3780OOOOOQ



I

Secured Loous












fS at s


5 6(35(1(J(I

91iOf)O()OO(l

S69~50(10n

t10UOOOO(f)

15380432495 17564238684


IAmount In Rupees)

As at


Mar~ 31 21H)

lJns(cured Loans

Short ltT tTln



frnm l 1ubsluidry






9262222195 11726367813 N1)l~S




f~

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500JJOG

172fi893S0


20(ijJ700







Nil Uni5 (1ar~h 3




1495512210 270224350



Schedule 7

poundrlvcl1torics


f Qod lad beyCrages


s at

ihmh 31 2011

9f316200

94316200


95126462

Schedule N

Sund r) Dcbton

it118ecufcd)



Oth~r Dcoto



Schedule iO

1------------------------------- -- ----_




middots at As at


ISff376i 17~IO029 6~ R16K7

7J5t05052

8RS896768 J6H~ 1687

852415081 857173015

H717760 14032375

Schedule 9 As at

March 31 2011

s- at

hrch 31 ZOJ I)


- Currn~ arcountgt

n~pf~Sl aCIoum

-1mgin rn(llllt-V ~

IJ53Tn


35I0747

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53 i 0~) 5 t

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10~f57H2

63674375



s at

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10109606

-- 12794858

As ai

March 31 211111 -~---~~----

19723 70 4fJ()(tOO

5207(0(1




~Amollat in Rupees]

IS at

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Ln~IH gtmpJoei-~






n~)10ilS t)t1h~r~





middot19 15fj 7 i_~

i t~90OX

3022133 18

lq_6~()~)2( I 2~)n~I60t

I~ 3 3lt_NA tJJ12t1)613 57l3S30~ 0171873

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Oiher iabililK~~

665763462

665763462 693H2

29n4H155

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I

071820453 35998lt)56

lti6i92574S 728767 i

113157978

khed ule 13 1shy _____________________~____~__~____________~+-

PruvL ion




As af

l-1ard 31 2UIU

2 I S1_9~ 1i2~12

mil L9~5 15759087 1l170OJO



Schedule 14



I I I

I


296Q37379middotj 219618)927

51653721

Al~oun[ fr RlIxc~J


21994703N J117i7241

4512187620


~middothrchJI2011

101 lite ~car ended

1hnh J1 2010

(hhl( hHOmCshy

Billk O~jxJ~~I-


(i1kt~








)nSiA~middot~

3126610 H)~2l

OA32(J]

2~3~5KHI

194(1)72

Sr~5Ol

(l1n~~3

222 1115870



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407514181 I~ 722674

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t5J51I~A

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172middott~o

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540~6412j

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62625]

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1710399473 2 1) I ~6)~511

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I








2 Use of estimates








4 Concession Fee


Page 1 of27



5 Fixed Assets




6 Depreciation




7 Intangibles


8 Impairment


9 Inventories


Page 2 of27









11 Government Grant


12 Investments







Page 3 of 27



14 Borrowing Costs




16 Taxes on Income





17 Operating Leases


Page 4 of27



18 Provisions







Page 5 of27

















Page 6 of27

















Page 7 of 27





Income




Expenditure








400012543

(8


Particulars Amo

Fixed Assets




Liabilities





Net Assets (A- B) 2325468984

PageS of27






82979459


132340000


6875668



230173150











Page90f27





76724772Total 75308649

Notes




Page 10 of27









1357343 191200000 1357343 193121916






- - - -




Growth (33203434) (604000000) (33203434) (604964362)

Page 11 of27



Sales Description

Units

Cost of Acquisition

Amount

ife Savings Growth

Amount Units

-- --(136277 258)



Wholesale - Growth

--


(6510244)(6510244) (130042775)

- -PlanC Growth

- -(170183126)




(1 (1146054)(1146054)


(1703444) (1703444)(25010307)


-- -

(75120951)(6886397) (75061728) (6886397)

765890 1742 7624635539Total

(8706476075) (8684821901 ) II



Page 12 of27






10409606 66150000

1690008 52106758

133847016 226397938

15000000

5207606 66150000

168605187 -

38449241 6600000

-








10409606 66150000

691686670 52106758

133847016 1556617206

106800000

10420820 125000000

209190000 21300000 38454241

6600000

-



Page 13 of27












Page 14 of27




i
























Page 15 of27































Page 16 of27
















XXll XXlll



23784 --







Page 17 of27



I SI






bull



312011 As at March


















Page 18 of27



SI No


31 2011 As at March



















Page 19 of27








Total 23636813 23961284








Balance sheet


1652743 2279948 723438 623832 982288 665416 (62351) (280330)



Page 20 of27















Page 21 of27











378000000 378000000


13 Deferred Tax




Page 22 of27

i






2428667675 194139226 -








Page 23 of27










Joint Venture




589440902 172944483


I (e) Borrowing 615000000 83457594

(f) Income







Page 24 of27












Total 1937905~ 19671981











Page 25 of27







Total 469339813 566723276









Total 49560565 44263831




March 31 2010


Total 10000 67507276 10000 74724862



Page 26 of27










Page 27 of27






Tntcrcsl it1Cmh


f)iv1dend llicomo





















Dividend Civw








~lti


Phv J1yrlltioiii

Dat~ M~l) t~





i L


Place Hydcrahad


Sdi-



Director






















Custom~

E~cist and Tax

ClltJm~ Ecbc LIX


55653347

74300)00

252026054

4832850

orum where

Various dates


Tax Hyderahad

2004middotmiddot05




financial year

Fag 4 of5




















(Amoum in RlljlC~5J

----_----------_____-_ _ shy 1 SOlin( 1 Funds





UJ (110 Bbd


J Nel HID



~ Investments


h Sundry DcblJ~g


1 iXDt) md dWl(C~


II Li])iitie


to II

L 13

378ilonwlOO

lSiW43249

L)2fl2222195

29A92654691l

19618(1))97

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f99f9~)55

224389(6633

I02B9i4700

1195511210

H316lCK)

85oI151)8J 7734()4li

[2791853

L25~31~ tOS


31 141 606497

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757Qltr76 193350 L

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1610927420

31140606497



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45121 ~7 ()20

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179852713 4473238245

568OiJJ37 969236363 540364727

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1372223599 5565410969

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9f316200

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1------------------------------- -- ----_




middots at As at


ISff376i 17~IO029 6~ R16K7

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8RS896768 J6H~ 1687

852415081 857173015

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March 31 2011

s- at

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middot19 15fj 7 i_~

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071820453 35998lt)56

lti6i92574S 728767 i

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I I I

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296Q37379middotj 219618)927

51653721

Al~oun[ fr RlIxc~J


21994703N J117i7241

4512187620


~middothrchJI2011

101 lite ~car ended

1hnh J1 2010

(hhl( hHOmCshy

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)nSiA~middot~

3126610 H)~2l

OA32(J]

2~3~5KHI

194(1)72

Sr~5Ol

(l1n~~3

222 1115870



Pn41lfldOSf



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407514181 I~ 722674

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2 Use of estimates








4 Concession Fee


Page 1 of27



5 Fixed Assets




6 Depreciation




7 Intangibles


8 Impairment


9 Inventories


Page 2 of27









11 Government Grant


12 Investments







Page 3 of 27



14 Borrowing Costs




16 Taxes on Income





17 Operating Leases


Page 4 of27



18 Provisions







Page 5 of27

















Page 6 of27

















Page 7 of 27





Income




Expenditure








400012543

(8


Particulars Amo

Fixed Assets




Liabilities





Net Assets (A- B) 2325468984

PageS of27






82979459


132340000


6875668



230173150











Page90f27





76724772Total 75308649

Notes




Page 10 of27









1357343 191200000 1357343 193121916






- - - -




Growth (33203434) (604000000) (33203434) (604964362)

Page 11 of27



Sales Description

Units

Cost of Acquisition

Amount

ife Savings Growth

Amount Units

-- --(136277 258)



Wholesale - Growth

--


(6510244)(6510244) (130042775)

- -PlanC Growth

- -(170183126)




(1 (1146054)(1146054)


(1703444) (1703444)(25010307)


-- -

(75120951)(6886397) (75061728) (6886397)

765890 1742 7624635539Total

(8706476075) (8684821901 ) II



Page 12 of27






10409606 66150000

1690008 52106758

133847016 226397938

15000000

5207606 66150000

168605187 -

38449241 6600000

-








10409606 66150000

691686670 52106758

133847016 1556617206

106800000

10420820 125000000

209190000 21300000 38454241

6600000

-



Page 13 of27












Page 14 of27




i
























Page 15 of27































Page 16 of27
















XXll XXlll



23784 --







Page 17 of27



I SI






bull



312011 As at March


















Page 18 of27



SI No


31 2011 As at March



















Page 19 of27








Total 23636813 23961284








Balance sheet


1652743 2279948 723438 623832 982288 665416 (62351) (280330)



Page 20 of27















Page 21 of27











378000000 378000000


13 Deferred Tax




Page 22 of27

i






2428667675 194139226 -








Page 23 of27










Joint Venture




589440902 172944483


I (e) Borrowing 615000000 83457594

(f) Income







Page 24 of27












Total 1937905~ 19671981











Page 25 of27







Total 469339813 566723276









Total 49560565 44263831




March 31 2010


Total 10000 67507276 10000 74724862



Page 26 of27










Page 27 of27






Tntcrcsl it1Cmh


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252026054

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orum where

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2004middotmiddot05




financial year

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1195511210

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[2791853

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31 141 606497

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26015()70213

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95I1hA62

S57J73JJl5 762090A37

757Qltr76 193350 L

3655728202


1610927420

31140606497



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2480345

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1 039 843998

2301B150 I (L

~75


45121 ~7 ()20

14)90333f

~65309095)

179852713 4473238245

568OiJJ37 969236363 540364727

2115552943

1372223599 5565410969

3l52lS

(10922()4252)

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9f316200

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Oth~r Dcoto



Schedule iO

1------------------------------- -- ----_




middots at As at


ISff376i 17~IO029 6~ R16K7

7J5t05052

8RS896768 J6H~ 1687

852415081 857173015

H717760 14032375

Schedule 9 As at

March 31 2011

s- at

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March 31 211111 -~---~~----

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5207(0(1




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IS at

Mrcb 31 2610


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middot19 15fj 7 i_~

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3022133 18

lq_6~()~)2( I 2~)n~I60t

I~ 3 3lt_NA tJJ12t1)613 57l3S30~ 0171873

1JJ3 5583122258312105






Oiher iabililK~~

665763462

665763462 693H2

29n4H155

U99IF l2H8middot15

I

071820453 35998lt)56

lti6i92574S 728767 i

113157978

khed ule 13 1shy _____________________~____~__~____________~+-

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As af

l-1ard 31 2UIU

2 I S1_9~ 1i2~12

mil L9~5 15759087 1l170OJO



Schedule 14



I I I

I


296Q37379middotj 219618)927

51653721

Al~oun[ fr RlIxc~J


21994703N J117i7241

4512187620


~middothrchJI2011

101 lite ~car ended

1hnh J1 2010

(hhl( hHOmCshy

Billk O~jxJ~~I-


(i1kt~








)nSiA~middot~

3126610 H)~2l

OA32(J]

2~3~5KHI

194(1)72

Sr~5Ol

(l1n~~3

222 1115870



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t~~min5~ cll-ltrl

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~3-i~CU~

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20222(5] i)~9176

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IJ~2739Kmiddot4

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f753 ~tl)B)l6

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2 Use of estimates








4 Concession Fee


Page 1 of27



5 Fixed Assets




6 Depreciation




7 Intangibles


8 Impairment


9 Inventories


Page 2 of27









11 Government Grant


12 Investments







Page 3 of 27



14 Borrowing Costs




16 Taxes on Income





17 Operating Leases


Page 4 of27



18 Provisions







Page 5 of27

















Page 6 of27

















Page 7 of 27





Income




Expenditure








400012543

(8


Particulars Amo

Fixed Assets




Liabilities





Net Assets (A- B) 2325468984

PageS of27






82979459


132340000


6875668



230173150











Page90f27





76724772Total 75308649

Notes




Page 10 of27









1357343 191200000 1357343 193121916






- - - -




Growth (33203434) (604000000) (33203434) (604964362)

Page 11 of27



Sales Description

Units

Cost of Acquisition

Amount

ife Savings Growth

Amount Units

-- --(136277 258)



Wholesale - Growth

--


(6510244)(6510244) (130042775)

- -PlanC Growth

- -(170183126)




(1 (1146054)(1146054)


(1703444) (1703444)(25010307)


-- -

(75120951)(6886397) (75061728) (6886397)

765890 1742 7624635539Total

(8706476075) (8684821901 ) II



Page 12 of27






10409606 66150000

1690008 52106758

133847016 226397938

15000000

5207606 66150000

168605187 -

38449241 6600000

-








10409606 66150000

691686670 52106758

133847016 1556617206

106800000

10420820 125000000

209190000 21300000 38454241

6600000

-



Page 13 of27












Page 14 of27




i
























Page 15 of27































Page 16 of27
















XXll XXlll



23784 --







Page 17 of27



I SI






bull



312011 As at March


















Page 18 of27



SI No


31 2011 As at March



















Page 19 of27








Total 23636813 23961284








Balance sheet


1652743 2279948 723438 623832 982288 665416 (62351) (280330)



Page 20 of27















Page 21 of27











378000000 378000000


13 Deferred Tax




Page 22 of27

i






2428667675 194139226 -








Page 23 of27










Joint Venture




589440902 172944483


I (e) Borrowing 615000000 83457594

(f) Income







Page 24 of27












Total 1937905~ 19671981











Page 25 of27







Total 469339813 566723276









Total 49560565 44263831




March 31 2010


Total 10000 67507276 10000 74724862



Page 26 of27










Page 27 of27






Tntcrcsl it1Cmh


f)iv1dend llicomo





















Dividend Civw








~lti


Phv J1yrlltioiii

Dat~ M~l) t~





i L


Place Hydcrahad


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----_----------_____-_ _ shy 1 SOlin( 1 Funds





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1 iXDt) md dWl(C~


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224389(6633

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1195511210

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[2791853

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31 141 606497

2~ltJ4~ q~252q

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15717A19~65 2376111~4a

26015()70213

nO2H3S0

95I1hA62

S57J73JJl5 762090A37

757Qltr76 193350 L

3655728202


1610927420

31140606497



Sci


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yar




Scbedule

4

16

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20


) t6556J72 i

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5387749)91 n 5S()lt)98middott

5172239607

5012851)01 8453447g(j

626557727 200S644()09

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2480345

i L12t-19147(0) 29365

(xAn3lg)

1 039 843998

2301B150 I (L

~75


45121 ~7 ()20

14)90333f

~65309095)

179852713 4473238245

568OiJJ37 969236363 540364727

2115552943

1372223599 5565410969

3l52lS

(10922()4252)

[ 1818740 161

f289)

HI



StYmiddotmiddot


1

Pta~c Bmgak~re

Dnle VIa) 10201


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per P S KllInllf

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3780 000000 3780OOOOOQ



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fS at s


5 6(35(1(J(I

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S69~50(10n

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15380432495 17564238684


IAmount In Rupees)

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Short ltT tTln



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9262222195 11726367813 N1)l~S




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Nil Uni5 (1ar~h 3




1495512210 270224350



Schedule 7

poundrlvcl1torics


f Qod lad beyCrages


s at

ihmh 31 2011

9f316200

94316200


95126462

Schedule N

Sund r) Dcbton

it118ecufcd)



Oth~r Dcoto



Schedule iO

1------------------------------- -- ----_




middots at As at


ISff376i 17~IO029 6~ R16K7

7J5t05052

8RS896768 J6H~ 1687

852415081 857173015

H717760 14032375

Schedule 9 As at

March 31 2011

s- at

hrch 31 ZOJ I)


- Currn~ arcountgt

n~pf~Sl aCIoum

-1mgin rn(llllt-V ~

IJ53Tn


35I0747

1270

53 i 0~) 5 t

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10~f57H2

63674375



s at

_lar~~~2l~


10109606

-- 12794858

As ai

March 31 211111 -~---~~----

19723 70 4fJ()(tOO

5207(0(1




~Amollat in Rupees]

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Mrcb 31 2610


Ln~IH gtmpJoei-~






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middot19 15fj 7 i_~

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3022133 18

lq_6~()~)2( I 2~)n~I60t

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1JJ3 5583122258312105






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665763462

665763462 693H2

29n4H155

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I

071820453 35998lt)56

lti6i92574S 728767 i

113157978

khed ule 13 1shy _____________________~____~__~____________~+-

PruvL ion




As af

l-1ard 31 2UIU

2 I S1_9~ 1i2~12

mil L9~5 15759087 1l170OJO



Schedule 14



I I I

I


296Q37379middotj 219618)927

51653721

Al~oun[ fr RlIxc~J


21994703N J117i7241

4512187620


~middothrchJI2011

101 lite ~car ended

1hnh J1 2010

(hhl( hHOmCshy

Billk O~jxJ~~I-


(i1kt~








)nSiA~middot~

3126610 H)~2l

OA32(J]

2~3~5KHI

194(1)72

Sr~5Ol

(l1n~~3

222 1115870



Pn41lfldOSf



~tan WdlJn cx~)~n5

t~~min5~ cll-ltrl

407514181 I~ 722674

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~~~(1OJ0

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44iA31122

t5J51I~A

8il~() 160

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501285 001


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irlrm~C

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71SIlJhiH ]8Jl(J9S

l1IJ(iSA1middot)

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~3-i~CU~

))((0118


172middott~o

gtLNI)i-O

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isl4S87 I JJiR2)69

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dttltlnl WJf











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62625]

198j~O

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1710399473 2 1) I ~6)~511

406 ffgt9~7Jg9

lS6-6gt~2

IJ~2739Kmiddot4

lNS(J(Iyt)

f753 ~tl)B)l6

~JJQ8)~O

I








2 Use of estimates








4 Concession Fee


Page 1 of27



5 Fixed Assets




6 Depreciation




7 Intangibles


8 Impairment


9 Inventories


Page 2 of27









11 Government Grant


12 Investments







Page 3 of 27



14 Borrowing Costs




16 Taxes on Income





17 Operating Leases


Page 4 of27



18 Provisions







Page 5 of27

















Page 6 of27

















Page 7 of 27





Income




Expenditure








400012543

(8


Particulars Amo

Fixed Assets




Liabilities





Net Assets (A- B) 2325468984

PageS of27






82979459


132340000


6875668



230173150











Page90f27





76724772Total 75308649

Notes




Page 10 of27









1357343 191200000 1357343 193121916






- - - -




Growth (33203434) (604000000) (33203434) (604964362)

Page 11 of27



Sales Description

Units

Cost of Acquisition

Amount

ife Savings Growth

Amount Units

-- --(136277 258)



Wholesale - Growth

--


(6510244)(6510244) (130042775)

- -PlanC Growth

- -(170183126)




(1 (1146054)(1146054)


(1703444) (1703444)(25010307)


-- -

(75120951)(6886397) (75061728) (6886397)

765890 1742 7624635539Total

(8706476075) (8684821901 ) II



Page 12 of27






10409606 66150000

1690008 52106758

133847016 226397938

15000000

5207606 66150000

168605187 -

38449241 6600000

-








10409606 66150000

691686670 52106758

133847016 1556617206

106800000

10420820 125000000

209190000 21300000 38454241

6600000

-



Page 13 of27












Page 14 of27




i
























Page 15 of27































Page 16 of27
















XXll XXlll



23784 --







Page 17 of27



I SI






bull



312011 As at March


















Page 18 of27



SI No


31 2011 As at March



















Page 19 of27








Total 23636813 23961284








Balance sheet


1652743 2279948 723438 623832 982288 665416 (62351) (280330)



Page 20 of27















Page 21 of27











378000000 378000000


13 Deferred Tax




Page 22 of27

i






2428667675 194139226 -








Page 23 of27










Joint Venture




589440902 172944483


I (e) Borrowing 615000000 83457594

(f) Income







Page 24 of27












Total 1937905~ 19671981











Page 25 of27







Total 469339813 566723276









Total 49560565 44263831




March 31 2010


Total 10000 67507276 10000 74724862



Page 26 of27










Page 27 of27






Tntcrcsl it1Cmh


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1195511210

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31 141 606497

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3655728202


1610927420

31140606497



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5012851)01 8453447g(j

626557727 200S644()09

ll S7 927739 5169759262

2480345

i L12t-19147(0) 29365

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1 039 843998

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45121 ~7 ()20

14)90333f

~65309095)

179852713 4473238245

568OiJJ37 969236363 540364727

2115552943

1372223599 5565410969

3l52lS

(10922()4252)

[ 1818740 161

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1495512210 270224350



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poundrlvcl1torics


f Qod lad beyCrages


s at

ihmh 31 2011

9f316200

94316200


95126462

Schedule N

Sund r) Dcbton

it118ecufcd)



Oth~r Dcoto



Schedule iO

1------------------------------- -- ----_




middots at As at


ISff376i 17~IO029 6~ R16K7

7J5t05052

8RS896768 J6H~ 1687

852415081 857173015

H717760 14032375

Schedule 9 As at

March 31 2011

s- at

hrch 31 ZOJ I)


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s at

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10109606

-- 12794858

As ai

March 31 211111 -~---~~----

19723 70 4fJ()(tOO

5207(0(1




~Amollat in Rupees]

IS at

Mrcb 31 2610


Ln~IH gtmpJoei-~






n~)10ilS t)t1h~r~





middot19 15fj 7 i_~

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3022133 18

lq_6~()~)2( I 2~)n~I60t

I~ 3 3lt_NA tJJ12t1)613 57l3S30~ 0171873

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29n4H155

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071820453 35998lt)56

lti6i92574S 728767 i

113157978

khed ule 13 1shy _____________________~____~__~____________~+-

PruvL ion




As af

l-1ard 31 2UIU

2 I S1_9~ 1i2~12

mil L9~5 15759087 1l170OJO



Schedule 14



I I I

I


296Q37379middotj 219618)927

51653721

Al~oun[ fr RlIxc~J


21994703N J117i7241

4512187620


~middothrchJI2011

101 lite ~car ended

1hnh J1 2010

(hhl( hHOmCshy

Billk O~jxJ~~I-


(i1kt~








)nSiA~middot~

3126610 H)~2l

OA32(J]

2~3~5KHI

194(1)72

Sr~5Ol

(l1n~~3

222 1115870



Pn41lfldOSf



~tan WdlJn cx~)~n5

t~~min5~ cll-ltrl

407514181 I~ 722674

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S319lj~

~~~(1OJ0

r iiltJ6 9lO

44iA31122

t5J51I~A

8il~() 160

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irlrm~C

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71SIlJhiH ]8Jl(J9S

l1IJ(iSA1middot)

1)1)2~)l)ti

~3-i~CU~

))((0118


172middott~o

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isl4S87 I JJiR2)69

19~23(i2J

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728LS5



dttltlnl WJf











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20222(5] i)~9176

62625]

198j~O

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9n$N ~l6(lSN

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----~- ----I-------I-------




iVHk~lg ilflil~l



1710399473 2 1) I ~6)~511

406 ffgt9~7Jg9

lS6-6gt~2

IJ~2739Kmiddot4

lNS(J(Iyt)

f753 ~tl)B)l6

~JJQ8)~O

I








2 Use of estimates








4 Concession Fee


Page 1 of27



5 Fixed Assets




6 Depreciation




7 Intangibles


8 Impairment


9 Inventories


Page 2 of27









11 Government Grant


12 Investments







Page 3 of 27



14 Borrowing Costs




16 Taxes on Income





17 Operating Leases


Page 4 of27



18 Provisions







Page 5 of27

















Page 6 of27

















Page 7 of 27





Income




Expenditure








400012543

(8


Particulars Amo

Fixed Assets




Liabilities





Net Assets (A- B) 2325468984

PageS of27






82979459


132340000


6875668



230173150











Page90f27





76724772Total 75308649

Notes




Page 10 of27









1357343 191200000 1357343 193121916






- - - -




Growth (33203434) (604000000) (33203434) (604964362)

Page 11 of27



Sales Description

Units

Cost of Acquisition

Amount

ife Savings Growth

Amount Units

-- --(136277 258)



Wholesale - Growth

--


(6510244)(6510244) (130042775)

- -PlanC Growth

- -(170183126)




(1 (1146054)(1146054)


(1703444) (1703444)(25010307)


-- -

(75120951)(6886397) (75061728) (6886397)

765890 1742 7624635539Total

(8706476075) (8684821901 ) II



Page 12 of27






10409606 66150000

1690008 52106758

133847016 226397938

15000000

5207606 66150000

168605187 -

38449241 6600000

-








10409606 66150000

691686670 52106758

133847016 1556617206

106800000

10420820 125000000

209190000 21300000 38454241

6600000

-



Page 13 of27












Page 14 of27




i
























Page 15 of27































Page 16 of27
















XXll XXlll



23784 --







Page 17 of27



I SI






bull



312011 As at March


















Page 18 of27



SI No


31 2011 As at March



















Page 19 of27








Total 23636813 23961284








Balance sheet


1652743 2279948 723438 623832 982288 665416 (62351) (280330)



Page 20 of27















Page 21 of27











378000000 378000000


13 Deferred Tax




Page 22 of27

i






2428667675 194139226 -








Page 23 of27










Joint Venture




589440902 172944483


I (e) Borrowing 615000000 83457594

(f) Income







Page 24 of27












Total 1937905~ 19671981











Page 25 of27







Total 469339813 566723276









Total 49560565 44263831




March 31 2010


Total 10000 67507276 10000 74724862



Page 26 of27










Page 27 of27






Tntcrcsl it1Cmh


f)iv1dend llicomo





















Dividend Civw








~lti


Phv J1yrlltioiii

Dat~ M~l) t~





i L


Place Hydcrahad


Sdi-



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(AmOUl1Illl Rupees)


(Hhcr In(()~nc


Op(r~~ung C(~t

AuminiIElllun C)$(

FiHanCl~ Charges




yar




Scbedule

4

16

7

20


) t6556J72 i

222~ i 8)870

5387749)91 n 5S()lt)98middott

5172239607

5012851)01 8453447g(j

626557727 200S644()09

ll S7 927739 5169759262

2480345

i L12t-19147(0) 29365

(xAn3lg)

1 039 843998

2301B150 I (L

~75


45121 ~7 ()20

14)90333f

~65309095)

179852713 4473238245

568OiJJ37 969236363 540364727

2115552943

1372223599 5565410969

3l52lS

(10922()4252)

[ 1818740 161

f289)

HI



StYmiddotmiddot


1

Pta~c Bmgak~re

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Sdi

per P S KllInllf

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3780 000000 3780OOOOOQ



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fS at s


5 6(35(1(J(I

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15380432495 17564238684


IAmount In Rupees)

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Mar~ 31 21H)

lJns(cured Loans

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frnm l 1ubsluidry






9262222195 11726367813 N1)l~S




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172fi893S0


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1495512210 270224350



Schedule 7

poundrlvcl1torics


f Qod lad beyCrages


s at

ihmh 31 2011

9f316200

94316200


95126462

Schedule N

Sund r) Dcbton

it118ecufcd)



Oth~r Dcoto



Schedule iO

1------------------------------- -- ----_




middots at As at


ISff376i 17~IO029 6~ R16K7

7J5t05052

8RS896768 J6H~ 1687

852415081 857173015

H717760 14032375

Schedule 9 As at

March 31 2011

s- at

hrch 31 ZOJ I)


- Currn~ arcountgt

n~pf~Sl aCIoum

-1mgin rn(llllt-V ~

IJ53Tn


35I0747

1270

53 i 0~) 5 t

~)9t$699

10~f57H2

63674375



s at

_lar~~~2l~


10109606

-- 12794858

As ai

March 31 211111 -~---~~----

19723 70 4fJ()(tOO

5207(0(1




~Amollat in Rupees]

IS at

Mrcb 31 2610


Ln~IH gtmpJoei-~






n~)10ilS t)t1h~r~





middot19 15fj 7 i_~

i t~90OX

3022133 18

lq_6~()~)2( I 2~)n~I60t

I~ 3 3lt_NA tJJ12t1)613 57l3S30~ 0171873

1JJ3 5583122258312105






Oiher iabililK~~

665763462

665763462 693H2

29n4H155

U99IF l2H8middot15

I

071820453 35998lt)56

lti6i92574S 728767 i

113157978

khed ule 13 1shy _____________________~____~__~____________~+-

PruvL ion




As af

l-1ard 31 2UIU

2 I S1_9~ 1i2~12

mil L9~5 15759087 1l170OJO



Schedule 14



I I I

I


296Q37379middotj 219618)927

51653721

Al~oun[ fr RlIxc~J


21994703N J117i7241

4512187620


~middothrchJI2011

101 lite ~car ended

1hnh J1 2010

(hhl( hHOmCshy

Billk O~jxJ~~I-


(i1kt~








)nSiA~middot~

3126610 H)~2l

OA32(J]

2~3~5KHI

194(1)72

Sr~5Ol

(l1n~~3

222 1115870



Pn41lfldOSf



~tan WdlJn cx~)~n5

t~~min5~ cll-ltrl

407514181 I~ 722674

~914LW

S319lj~

~~~(1OJ0

r iiltJ6 9lO

44iA31122

t5J51I~A

8il~() 160

S6(()44

i19f()_)53

501285 001


OpaJlin) C(lil

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irlrm~C

B~1lldlIpoundgt

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50middot~-~tgt

71SIlJhiH ]8Jl(J9S

l1IJ(iSA1middot)

1)1)2~)l)ti

~3-i~CU~

))((0118


172middott~o

gtLNI)i-O

-~8] I~~58 I0395J(1(

fl77t1tiAl

isl4S87 I JJiR2)69

19~23(i2J

~1~731i


728LS5



dttltlnl WJf











540~6412j

~tt)4~

20222(5] i)~9176

62625]

198j~O

70000


9n$N ~l6(lSN

2tlS6~

UjM7~


----~- ----I-------I-------




iVHk~lg ilflil~l



1710399473 2 1) I ~6)~511

406 ffgt9~7Jg9

lS6-6gt~2

IJ~2739Kmiddot4

lNS(J(Iyt)

f753 ~tl)B)l6

~JJQ8)~O

I








2 Use of estimates








4 Concession Fee


Page 1 of27



5 Fixed Assets




6 Depreciation




7 Intangibles


8 Impairment


9 Inventories


Page 2 of27









11 Government Grant


12 Investments







Page 3 of 27



14 Borrowing Costs




16 Taxes on Income





17 Operating Leases


Page 4 of27



18 Provisions







Page 5 of27

















Page 6 of27

















Page 7 of 27





Income




Expenditure








400012543

(8


Particulars Amo

Fixed Assets




Liabilities





Net Assets (A- B) 2325468984

PageS of27






82979459


132340000


6875668



230173150











Page90f27





76724772Total 75308649

Notes




Page 10 of27









1357343 191200000 1357343 193121916






- - - -




Growth (33203434) (604000000) (33203434) (604964362)

Page 11 of27



Sales Description

Units

Cost of Acquisition

Amount

ife Savings Growth

Amount Units

-- --(136277 258)



Wholesale - Growth

--


(6510244)(6510244) (130042775)

- -PlanC Growth

- -(170183126)




(1 (1146054)(1146054)


(1703444) (1703444)(25010307)


-- -

(75120951)(6886397) (75061728) (6886397)

765890 1742 7624635539Total

(8706476075) (8684821901 ) II



Page 12 of27






10409606 66150000

1690008 52106758

133847016 226397938

15000000

5207606 66150000

168605187 -

38449241 6600000

-








10409606 66150000

691686670 52106758

133847016 1556617206

106800000

10420820 125000000

209190000 21300000 38454241

6600000

-



Page 13 of27












Page 14 of27




i
























Page 15 of27































Page 16 of27
















XXll XXlll



23784 --







Page 17 of27



I SI






bull



312011 As at March


















Page 18 of27



SI No


31 2011 As at March



















Page 19 of27








Total 23636813 23961284








Balance sheet


1652743 2279948 723438 623832 982288 665416 (62351) (280330)



Page 20 of27















Page 21 of27











378000000 378000000


13 Deferred Tax




Page 22 of27

i






2428667675 194139226 -








Page 23 of27










Joint Venture




589440902 172944483


I (e) Borrowing 615000000 83457594

(f) Income







Page 24 of27












Total 1937905~ 19671981











Page 25 of27







Total 469339813 566723276









Total 49560565 44263831




March 31 2010


Total 10000 67507276 10000 74724862



Page 26 of27










Page 27 of27






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fS at s


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15380432495 17564238684


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Mar~ 31 21H)

lJns(cured Loans

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frnm l 1ubsluidry






9262222195 11726367813 N1)l~S




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1495512210 270224350



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ihmh 31 2011

9f316200

94316200


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Oth~r Dcoto



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1------------------------------- -- ----_




middots at As at


ISff376i 17~IO029 6~ R16K7

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8RS896768 J6H~ 1687

852415081 857173015

H717760 14032375

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March 31 2011

s- at

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I I I

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296Q37379middotj 219618)927

51653721

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21994703N J117i7241

4512187620


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)nSiA~middot~

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194(1)72

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172middott~o

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iVHk~lg ilflil~l



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406 ffgt9~7Jg9

lS6-6gt~2

IJ~2739Kmiddot4

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2 Use of estimates








4 Concession Fee


Page 1 of27



5 Fixed Assets




6 Depreciation




7 Intangibles


8 Impairment


9 Inventories


Page 2 of27









11 Government Grant


12 Investments







Page 3 of 27



14 Borrowing Costs




16 Taxes on Income





17 Operating Leases


Page 4 of27



18 Provisions







Page 5 of27

















Page 6 of27

















Page 7 of 27





Income




Expenditure








400012543

(8


Particulars Amo

Fixed Assets




Liabilities





Net Assets (A- B) 2325468984

PageS of27






82979459


132340000


6875668



230173150











Page90f27





76724772Total 75308649

Notes




Page 10 of27









1357343 191200000 1357343 193121916






- - - -




Growth (33203434) (604000000) (33203434) (604964362)

Page 11 of27



Sales Description

Units

Cost of Acquisition

Amount

ife Savings Growth

Amount Units

-- --(136277 258)



Wholesale - Growth

--


(6510244)(6510244) (130042775)

- -PlanC Growth

- -(170183126)




(1 (1146054)(1146054)


(1703444) (1703444)(25010307)


-- -

(75120951)(6886397) (75061728) (6886397)

765890 1742 7624635539Total

(8706476075) (8684821901 ) II



Page 12 of27






10409606 66150000

1690008 52106758

133847016 226397938

15000000

5207606 66150000

168605187 -

38449241 6600000

-








10409606 66150000

691686670 52106758

133847016 1556617206

106800000

10420820 125000000

209190000 21300000 38454241

6600000

-



Page 13 of27












Page 14 of27




i
























Page 15 of27































Page 16 of27
















XXll XXlll



23784 --







Page 17 of27



I SI






bull



312011 As at March


















Page 18 of27



SI No


31 2011 As at March



















Page 19 of27








Total 23636813 23961284








Balance sheet


1652743 2279948 723438 623832 982288 665416 (62351) (280330)



Page 20 of27















Page 21 of27











378000000 378000000


13 Deferred Tax




Page 22 of27

i






2428667675 194139226 -








Page 23 of27










Joint Venture




589440902 172944483


I (e) Borrowing 615000000 83457594

(f) Income







Page 24 of27












Total 1937905~ 19671981











Page 25 of27







Total 469339813 566723276









Total 49560565 44263831




March 31 2010


Total 10000 67507276 10000 74724862



Page 26 of27










Page 27 of27






Tntcrcsl it1Cmh


f)iv1dend llicomo





















Dividend Civw








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Phv J1yrlltioiii

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Director



IAmount In Rupees)

As at


Mar~ 31 21H)

lJns(cured Loans

Short ltT tTln



frnm l 1ubsluidry






9262222195 11726367813 N1)l~S




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1495512210 270224350



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ihmh 31 2011

9f316200

94316200


95126462

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Oth~r Dcoto



Schedule iO

1------------------------------- -- ----_




middots at As at


ISff376i 17~IO029 6~ R16K7

7J5t05052

8RS896768 J6H~ 1687

852415081 857173015

H717760 14032375

Schedule 9 As at

March 31 2011

s- at

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As af

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Schedule 14



I I I

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296Q37379middotj 219618)927

51653721

Al~oun[ fr RlIxc~J


21994703N J117i7241

4512187620


~middothrchJI2011

101 lite ~car ended

1hnh J1 2010

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)nSiA~middot~

3126610 H)~2l

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194(1)72

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222 1115870



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407514181 I~ 722674

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l1IJ(iSA1middot)

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~3-i~CU~

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172middott~o

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iVHk~lg ilflil~l



1710399473 2 1) I ~6)~511

406 ffgt9~7Jg9

lS6-6gt~2

IJ~2739Kmiddot4

lNS(J(Iyt)

f753 ~tl)B)l6

~JJQ8)~O

I








2 Use of estimates








4 Concession Fee


Page 1 of27



5 Fixed Assets




6 Depreciation




7 Intangibles


8 Impairment


9 Inventories


Page 2 of27









11 Government Grant


12 Investments







Page 3 of 27



14 Borrowing Costs




16 Taxes on Income





17 Operating Leases


Page 4 of27



18 Provisions







Page 5 of27

















Page 6 of27

















Page 7 of 27





Income




Expenditure








400012543

(8


Particulars Amo

Fixed Assets




Liabilities





Net Assets (A- B) 2325468984

PageS of27






82979459


132340000


6875668



230173150











Page90f27





76724772Total 75308649

Notes




Page 10 of27









1357343 191200000 1357343 193121916






- - - -




Growth (33203434) (604000000) (33203434) (604964362)

Page 11 of27



Sales Description

Units

Cost of Acquisition

Amount

ife Savings Growth

Amount Units

-- --(136277 258)



Wholesale - Growth

--


(6510244)(6510244) (130042775)

- -PlanC Growth

- -(170183126)




(1 (1146054)(1146054)


(1703444) (1703444)(25010307)


-- -

(75120951)(6886397) (75061728) (6886397)

765890 1742 7624635539Total

(8706476075) (8684821901 ) II



Page 12 of27






10409606 66150000

1690008 52106758

133847016 226397938

15000000

5207606 66150000

168605187 -

38449241 6600000

-








10409606 66150000

691686670 52106758

133847016 1556617206

106800000

10420820 125000000

209190000 21300000 38454241

6600000

-



Page 13 of27












Page 14 of27




i
























Page 15 of27































Page 16 of27
















XXll XXlll



23784 --







Page 17 of27



I SI






bull



312011 As at March


















Page 18 of27



SI No


31 2011 As at March



















Page 19 of27








Total 23636813 23961284








Balance sheet


1652743 2279948 723438 623832 982288 665416 (62351) (280330)



Page 20 of27















Page 21 of27











378000000 378000000


13 Deferred Tax




Page 22 of27

i






2428667675 194139226 -








Page 23 of27










Joint Venture




589440902 172944483


I (e) Borrowing 615000000 83457594

(f) Income







Page 24 of27












Total 1937905~ 19671981











Page 25 of27







Total 469339813 566723276









Total 49560565 44263831




March 31 2010


Total 10000 67507276 10000 74724862



Page 26 of27










Page 27 of27






Tntcrcsl it1Cmh


f)iv1dend llicomo





















Dividend Civw








~lti


Phv J1yrlltioiii

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Place Hydcrahad


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1250()01)00 25OOOO()O


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172fi893S0


20(ijJ700







Nil Uni5 (1ar~h 3




1495512210 270224350



Schedule 7

poundrlvcl1torics


f Qod lad beyCrages


s at

ihmh 31 2011

9f316200

94316200


95126462

Schedule N

Sund r) Dcbton

it118ecufcd)



Oth~r Dcoto



Schedule iO

1------------------------------- -- ----_




middots at As at


ISff376i 17~IO029 6~ R16K7

7J5t05052

8RS896768 J6H~ 1687

852415081 857173015

H717760 14032375

Schedule 9 As at

March 31 2011

s- at

hrch 31 ZOJ I)


- Currn~ arcountgt

n~pf~Sl aCIoum

-1mgin rn(llllt-V ~

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March 31 211111 -~---~~----

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IS at

Mrcb 31 2610


Ln~IH gtmpJoei-~






n~)10ilS t)t1h~r~





middot19 15fj 7 i_~

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3022133 18

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1JJ3 5583122258312105






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29n4H155

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071820453 35998lt)56

lti6i92574S 728767 i

113157978

khed ule 13 1shy _____________________~____~__~____________~+-

PruvL ion




As af

l-1ard 31 2UIU

2 I S1_9~ 1i2~12

mil L9~5 15759087 1l170OJO



Schedule 14



I I I

I


296Q37379middotj 219618)927

51653721

Al~oun[ fr RlIxc~J


21994703N J117i7241

4512187620


~middothrchJI2011

101 lite ~car ended

1hnh J1 2010

(hhl( hHOmCshy

Billk O~jxJ~~I-


(i1kt~








)nSiA~middot~

3126610 H)~2l

OA32(J]

2~3~5KHI

194(1)72

Sr~5Ol

(l1n~~3

222 1115870



Pn41lfldOSf



~tan WdlJn cx~)~n5

t~~min5~ cll-ltrl

407514181 I~ 722674

~914LW

S319lj~

~~~(1OJ0

r iiltJ6 9lO

44iA31122

t5J51I~A

8il~() 160

S6(()44

i19f()_)53

501285 001


OpaJlin) C(lil

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irlrm~C

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71SIlJhiH ]8Jl(J9S

l1IJ(iSA1middot)

1)1)2~)l)ti

~3-i~CU~

))((0118


172middott~o

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isl4S87 I JJiR2)69

19~23(i2J

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dttltlnl WJf











540~6412j

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20222(5] i)~9176

62625]

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9n$N ~l6(lSN

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----~- ----I-------I-------




iVHk~lg ilflil~l



1710399473 2 1) I ~6)~511

406 ffgt9~7Jg9

lS6-6gt~2

IJ~2739Kmiddot4

lNS(J(Iyt)

f753 ~tl)B)l6

~JJQ8)~O

I








2 Use of estimates








4 Concession Fee


Page 1 of27



5 Fixed Assets




6 Depreciation




7 Intangibles


8 Impairment


9 Inventories


Page 2 of27









11 Government Grant


12 Investments







Page 3 of 27



14 Borrowing Costs




16 Taxes on Income





17 Operating Leases


Page 4 of27



18 Provisions







Page 5 of27

















Page 6 of27

















Page 7 of 27





Income




Expenditure








400012543

(8


Particulars Amo

Fixed Assets




Liabilities





Net Assets (A- B) 2325468984

PageS of27






82979459


132340000


6875668



230173150











Page90f27





76724772Total 75308649

Notes




Page 10 of27









1357343 191200000 1357343 193121916






- - - -




Growth (33203434) (604000000) (33203434) (604964362)

Page 11 of27



Sales Description

Units

Cost of Acquisition

Amount

ife Savings Growth

Amount Units

-- --(136277 258)



Wholesale - Growth

--


(6510244)(6510244) (130042775)

- -PlanC Growth

- -(170183126)




(1 (1146054)(1146054)


(1703444) (1703444)(25010307)


-- -

(75120951)(6886397) (75061728) (6886397)

765890 1742 7624635539Total

(8706476075) (8684821901 ) II



Page 12 of27






10409606 66150000

1690008 52106758

133847016 226397938

15000000

5207606 66150000

168605187 -

38449241 6600000

-








10409606 66150000

691686670 52106758

133847016 1556617206

106800000

10420820 125000000

209190000 21300000 38454241

6600000

-



Page 13 of27












Page 14 of27




i
























Page 15 of27































Page 16 of27
















XXll XXlll



23784 --







Page 17 of27



I SI






bull



312011 As at March


















Page 18 of27



SI No


31 2011 As at March



















Page 19 of27








Total 23636813 23961284








Balance sheet


1652743 2279948 723438 623832 982288 665416 (62351) (280330)



Page 20 of27















Page 21 of27











378000000 378000000


13 Deferred Tax




Page 22 of27

i






2428667675 194139226 -








Page 23 of27










Joint Venture




589440902 172944483


I (e) Borrowing 615000000 83457594

(f) Income







Page 24 of27












Total 1937905~ 19671981











Page 25 of27







Total 469339813 566723276









Total 49560565 44263831




March 31 2010


Total 10000 67507276 10000 74724862



Page 26 of27










Page 27 of27






Tntcrcsl it1Cmh


f)iv1dend llicomo





















Dividend Civw








~lti


Phv J1yrlltioiii

Dat~ M~l) t~





i L


Place Hydcrahad


Sdi-



Director















1250()01)00 25OOOO()O


19(l(JO)(j(j



5000(0


IO5~91(O sooooo




500JJOG

172fi893S0


20(ijJ700







Nil Uni5 (1ar~h 3




1495512210 270224350



Schedule 7

poundrlvcl1torics


f Qod lad beyCrages


s at

ihmh 31 2011

9f316200

94316200


95126462

Schedule N

Sund r) Dcbton

it118ecufcd)



Oth~r Dcoto



Schedule iO

1------------------------------- -- ----_




middots at As at


ISff376i 17~IO029 6~ R16K7

7J5t05052

8RS896768 J6H~ 1687

852415081 857173015

H717760 14032375

Schedule 9 As at

March 31 2011

s- at

hrch 31 ZOJ I)


- Currn~ arcountgt

n~pf~Sl aCIoum

-1mgin rn(llllt-V ~

IJ53Tn


35I0747

1270

53 i 0~) 5 t

~)9t$699

10~f57H2

63674375



s at

_lar~~~2l~


10109606

-- 12794858

As ai

March 31 211111 -~---~~----

19723 70 4fJ()(tOO

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Mrcb 31 2610


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khed ule 13 1shy _____________________~____~__~____________~+-

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l-1ard 31 2UIU

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Schedule 14



I I I

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296Q37379middotj 219618)927

51653721

Al~oun[ fr RlIxc~J


21994703N J117i7241

4512187620


~middothrchJI2011

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2 Use of estimates








4 Concession Fee


Page 1 of27



5 Fixed Assets




6 Depreciation




7 Intangibles


8 Impairment


9 Inventories


Page 2 of27









11 Government Grant


12 Investments







Page 3 of 27



14 Borrowing Costs




16 Taxes on Income





17 Operating Leases


Page 4 of27



18 Provisions







Page 5 of27

















Page 6 of27

















Page 7 of 27





Income




Expenditure








400012543

(8


Particulars Amo

Fixed Assets




Liabilities





Net Assets (A- B) 2325468984

PageS of27






82979459


132340000


6875668



230173150











Page90f27





76724772Total 75308649

Notes




Page 10 of27









1357343 191200000 1357343 193121916






- - - -




Growth (33203434) (604000000) (33203434) (604964362)

Page 11 of27



Sales Description

Units

Cost of Acquisition

Amount

ife Savings Growth

Amount Units

-- --(136277 258)



Wholesale - Growth

--


(6510244)(6510244) (130042775)

- -PlanC Growth

- -(170183126)




(1 (1146054)(1146054)


(1703444) (1703444)(25010307)


-- -

(75120951)(6886397) (75061728) (6886397)

765890 1742 7624635539Total

(8706476075) (8684821901 ) II



Page 12 of27






10409606 66150000

1690008 52106758

133847016 226397938

15000000

5207606 66150000

168605187 -

38449241 6600000

-








10409606 66150000

691686670 52106758

133847016 1556617206

106800000

10420820 125000000

209190000 21300000 38454241

6600000

-



Page 13 of27












Page 14 of27




i
























Page 15 of27































Page 16 of27
















XXll XXlll



23784 --







Page 17 of27



I SI






bull



312011 As at March


















Page 18 of27



SI No


31 2011 As at March



















Page 19 of27








Total 23636813 23961284








Balance sheet


1652743 2279948 723438 623832 982288 665416 (62351) (280330)



Page 20 of27















Page 21 of27











378000000 378000000


13 Deferred Tax




Page 22 of27

i






2428667675 194139226 -








Page 23 of27










Joint Venture




589440902 172944483


I (e) Borrowing 615000000 83457594

(f) Income







Page 24 of27












Total 1937905~ 19671981











Page 25 of27







Total 469339813 566723276









Total 49560565 44263831




March 31 2010


Total 10000 67507276 10000 74724862



Page 26 of27










Page 27 of27






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middots at As at


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March 31 2011

s- at

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10109606

-- 12794858

As ai

March 31 211111 -~---~~----

19723 70 4fJ()(tOO

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Mrcb 31 2610


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I~ 3 3lt_NA tJJ12t1)613 57l3S30~ 0171873

1JJ3 5583122258312105






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As af

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Schedule 14



I I I

I


296Q37379middotj 219618)927

51653721

Al~oun[ fr RlIxc~J


21994703N J117i7241

4512187620


~middothrchJI2011

101 lite ~car ended

1hnh J1 2010

(hhl( hHOmCshy

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)nSiA~middot~

3126610 H)~2l

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222 1115870



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407514181 I~ 722674

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iVHk~lg ilflil~l



1710399473 2 1) I ~6)~511

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IJ~2739Kmiddot4

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2 Use of estimates








4 Concession Fee


Page 1 of27



5 Fixed Assets




6 Depreciation




7 Intangibles


8 Impairment


9 Inventories


Page 2 of27









11 Government Grant


12 Investments







Page 3 of 27



14 Borrowing Costs




16 Taxes on Income





17 Operating Leases


Page 4 of27



18 Provisions







Page 5 of27

















Page 6 of27

















Page 7 of 27





Income




Expenditure








400012543

(8


Particulars Amo

Fixed Assets




Liabilities





Net Assets (A- B) 2325468984

PageS of27






82979459


132340000


6875668



230173150











Page90f27





76724772Total 75308649

Notes




Page 10 of27









1357343 191200000 1357343 193121916






- - - -




Growth (33203434) (604000000) (33203434) (604964362)

Page 11 of27



Sales Description

Units

Cost of Acquisition

Amount

ife Savings Growth

Amount Units

-- --(136277 258)



Wholesale - Growth

--


(6510244)(6510244) (130042775)

- -PlanC Growth

- -(170183126)




(1 (1146054)(1146054)


(1703444) (1703444)(25010307)


-- -

(75120951)(6886397) (75061728) (6886397)

765890 1742 7624635539Total

(8706476075) (8684821901 ) II



Page 12 of27






10409606 66150000

1690008 52106758

133847016 226397938

15000000

5207606 66150000

168605187 -

38449241 6600000

-








10409606 66150000

691686670 52106758

133847016 1556617206

106800000

10420820 125000000

209190000 21300000 38454241

6600000

-



Page 13 of27












Page 14 of27




i
























Page 15 of27































Page 16 of27
















XXll XXlll



23784 --







Page 17 of27



I SI






bull



312011 As at March


















Page 18 of27



SI No


31 2011 As at March



















Page 19 of27








Total 23636813 23961284








Balance sheet


1652743 2279948 723438 623832 982288 665416 (62351) (280330)



Page 20 of27















Page 21 of27











378000000 378000000


13 Deferred Tax




Page 22 of27

i






2428667675 194139226 -








Page 23 of27










Joint Venture




589440902 172944483


I (e) Borrowing 615000000 83457594

(f) Income







Page 24 of27












Total 1937905~ 19671981











Page 25 of27







Total 469339813 566723276









Total 49560565 44263831




March 31 2010


Total 10000 67507276 10000 74724862



Page 26 of27










Page 27 of27






Tntcrcsl it1Cmh


f)iv1dend llicomo





















Dividend Civw








~lti


Phv J1yrlltioiii

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Place Hydcrahad


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~Amollat in Rupees]

IS at

Mrcb 31 2610


Ln~IH gtmpJoei-~






n~)10ilS t)t1h~r~





middot19 15fj 7 i_~

i t~90OX

3022133 18

lq_6~()~)2( I 2~)n~I60t

I~ 3 3lt_NA tJJ12t1)613 57l3S30~ 0171873

1JJ3 5583122258312105






Oiher iabililK~~

665763462

665763462 693H2

29n4H155

U99IF l2H8middot15

I

071820453 35998lt)56

lti6i92574S 728767 i

113157978

khed ule 13 1shy _____________________~____~__~____________~+-

PruvL ion




As af

l-1ard 31 2UIU

2 I S1_9~ 1i2~12

mil L9~5 15759087 1l170OJO



Schedule 14



I I I

I


296Q37379middotj 219618)927

51653721

Al~oun[ fr RlIxc~J


21994703N J117i7241

4512187620


~middothrchJI2011

101 lite ~car ended

1hnh J1 2010

(hhl( hHOmCshy

Billk O~jxJ~~I-


(i1kt~








)nSiA~middot~

3126610 H)~2l

OA32(J]

2~3~5KHI

194(1)72

Sr~5Ol

(l1n~~3

222 1115870



Pn41lfldOSf



~tan WdlJn cx~)~n5

t~~min5~ cll-ltrl

407514181 I~ 722674

~914LW

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~~~(1OJ0

r iiltJ6 9lO

44iA31122

t5J51I~A

8il~() 160

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501285 001


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irlrm~C

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9n$N ~l6(lSN

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----~- ----I-------I-------




iVHk~lg ilflil~l



1710399473 2 1) I ~6)~511

406 ffgt9~7Jg9

lS6-6gt~2

IJ~2739Kmiddot4

lNS(J(Iyt)

f753 ~tl)B)l6

~JJQ8)~O

I








2 Use of estimates








4 Concession Fee


Page 1 of27



5 Fixed Assets




6 Depreciation




7 Intangibles


8 Impairment


9 Inventories


Page 2 of27









11 Government Grant


12 Investments







Page 3 of 27



14 Borrowing Costs




16 Taxes on Income





17 Operating Leases


Page 4 of27



18 Provisions







Page 5 of27

















Page 6 of27

















Page 7 of 27





Income




Expenditure








400012543

(8


Particulars Amo

Fixed Assets




Liabilities





Net Assets (A- B) 2325468984

PageS of27






82979459


132340000


6875668



230173150











Page90f27





76724772Total 75308649

Notes




Page 10 of27









1357343 191200000 1357343 193121916






- - - -




Growth (33203434) (604000000) (33203434) (604964362)

Page 11 of27



Sales Description

Units

Cost of Acquisition

Amount

ife Savings Growth

Amount Units

-- --(136277 258)



Wholesale - Growth

--


(6510244)(6510244) (130042775)

- -PlanC Growth

- -(170183126)




(1 (1146054)(1146054)


(1703444) (1703444)(25010307)


-- -

(75120951)(6886397) (75061728) (6886397)

765890 1742 7624635539Total

(8706476075) (8684821901 ) II



Page 12 of27






10409606 66150000

1690008 52106758

133847016 226397938

15000000

5207606 66150000

168605187 -

38449241 6600000

-








10409606 66150000

691686670 52106758

133847016 1556617206

106800000

10420820 125000000

209190000 21300000 38454241

6600000

-



Page 13 of27












Page 14 of27




i
























Page 15 of27































Page 16 of27
















XXll XXlll



23784 --







Page 17 of27



I SI






bull



312011 As at March


















Page 18 of27



SI No


31 2011 As at March



















Page 19 of27








Total 23636813 23961284








Balance sheet


1652743 2279948 723438 623832 982288 665416 (62351) (280330)



Page 20 of27















Page 21 of27











378000000 378000000


13 Deferred Tax




Page 22 of27

i






2428667675 194139226 -








Page 23 of27










Joint Venture




589440902 172944483


I (e) Borrowing 615000000 83457594

(f) Income







Page 24 of27












Total 1937905~ 19671981











Page 25 of27







Total 469339813 566723276









Total 49560565 44263831




March 31 2010


Total 10000 67507276 10000 74724862



Page 26 of27










Page 27 of27






Tntcrcsl it1Cmh


f)iv1dend llicomo





















Dividend Civw








~lti


Phv J1yrlltioiii

Dat~ M~l) t~





i L


Place Hydcrahad


Sdi-



Director




Schedule 14



I I I

I


296Q37379middotj 219618)927

51653721

Al~oun[ fr RlIxc~J


21994703N J117i7241

4512187620


~middothrchJI2011

101 lite ~car ended

1hnh J1 2010

(hhl( hHOmCshy

Billk O~jxJ~~I-


(i1kt~








)nSiA~middot~

3126610 H)~2l

OA32(J]

2~3~5KHI

194(1)72

Sr~5Ol

(l1n~~3

222 1115870



Pn41lfldOSf



~tan WdlJn cx~)~n5

t~~min5~ cll-ltrl

407514181 I~ 722674

~914LW

S319lj~

~~~(1OJ0

r iiltJ6 9lO

44iA31122

t5J51I~A

8il~() 160

S6(()44

i19f()_)53

501285 001


OpaJlin) C(lil

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irlrm~C

B~1lldlIpoundgt

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50middot~-~tgt

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l1IJ(iSA1middot)

1)1)2~)l)ti

~3-i~CU~

))((0118


172middott~o

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dttltlnl WJf











540~6412j

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20222(5] i)~9176

62625]

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70000


9n$N ~l6(lSN

2tlS6~

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----~- ----I-------I-------




iVHk~lg ilflil~l



1710399473 2 1) I ~6)~511

406 ffgt9~7Jg9

lS6-6gt~2

IJ~2739Kmiddot4

lNS(J(Iyt)

f753 ~tl)B)l6

~JJQ8)~O

I








2 Use of estimates








4 Concession Fee


Page 1 of27



5 Fixed Assets




6 Depreciation




7 Intangibles


8 Impairment


9 Inventories


Page 2 of27









11 Government Grant


12 Investments







Page 3 of 27



14 Borrowing Costs




16 Taxes on Income





17 Operating Leases


Page 4 of27



18 Provisions







Page 5 of27

















Page 6 of27

















Page 7 of 27





Income




Expenditure








400012543

(8


Particulars Amo

Fixed Assets




Liabilities





Net Assets (A- B) 2325468984

PageS of27






82979459


132340000


6875668



230173150











Page90f27





76724772Total 75308649

Notes




Page 10 of27









1357343 191200000 1357343 193121916






- - - -




Growth (33203434) (604000000) (33203434) (604964362)

Page 11 of27



Sales Description

Units

Cost of Acquisition

Amount

ife Savings Growth

Amount Units

-- --(136277 258)



Wholesale - Growth

--


(6510244)(6510244) (130042775)

- -PlanC Growth

- -(170183126)




(1 (1146054)(1146054)


(1703444) (1703444)(25010307)


-- -

(75120951)(6886397) (75061728) (6886397)

765890 1742 7624635539Total

(8706476075) (8684821901 ) II



Page 12 of27






10409606 66150000

1690008 52106758

133847016 226397938

15000000

5207606 66150000

168605187 -

38449241 6600000

-








10409606 66150000

691686670 52106758

133847016 1556617206

106800000

10420820 125000000

209190000 21300000 38454241

6600000

-



Page 13 of27












Page 14 of27




i
























Page 15 of27































Page 16 of27
















XXll XXlll



23784 --







Page 17 of27



I SI






bull



312011 As at March


















Page 18 of27



SI No


31 2011 As at March



















Page 19 of27








Total 23636813 23961284








Balance sheet


1652743 2279948 723438 623832 982288 665416 (62351) (280330)



Page 20 of27















Page 21 of27











378000000 378000000


13 Deferred Tax




Page 22 of27

i






2428667675 194139226 -








Page 23 of27










Joint Venture




589440902 172944483


I (e) Borrowing 615000000 83457594

(f) Income







Page 24 of27












Total 1937905~ 19671981











Page 25 of27







Total 469339813 566723276









Total 49560565 44263831




March 31 2010


Total 10000 67507276 10000 74724862



Page 26 of27










Page 27 of27






Tntcrcsl it1Cmh


f)iv1dend llicomo





















Dividend Civw








~lti


Phv J1yrlltioiii

Dat~ M~l) t~





i L


Place Hydcrahad


Sdi-



Director



728LS5



dttltlnl WJf











540~6412j

~tt)4~

20222(5] i)~9176

62625]

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70000


9n$N ~l6(lSN

2tlS6~

UjM7~


----~- ----I-------I-------




iVHk~lg ilflil~l



1710399473 2 1) I ~6)~511

406 ffgt9~7Jg9

lS6-6gt~2

IJ~2739Kmiddot4

lNS(J(Iyt)

f753 ~tl)B)l6

~JJQ8)~O

I








2 Use of estimates








4 Concession Fee


Page 1 of27



5 Fixed Assets




6 Depreciation




7 Intangibles


8 Impairment


9 Inventories


Page 2 of27









11 Government Grant


12 Investments







Page 3 of 27



14 Borrowing Costs




16 Taxes on Income





17 Operating Leases


Page 4 of27



18 Provisions







Page 5 of27

















Page 6 of27

















Page 7 of 27





Income




Expenditure








400012543

(8


Particulars Amo

Fixed Assets




Liabilities





Net Assets (A- B) 2325468984

PageS of27






82979459


132340000


6875668



230173150











Page90f27





76724772Total 75308649

Notes




Page 10 of27









1357343 191200000 1357343 193121916






- - - -




Growth (33203434) (604000000) (33203434) (604964362)

Page 11 of27



Sales Description

Units

Cost of Acquisition

Amount

ife Savings Growth

Amount Units

-- --(136277 258)



Wholesale - Growth

--


(6510244)(6510244) (130042775)

- -PlanC Growth

- -(170183126)




(1 (1146054)(1146054)


(1703444) (1703444)(25010307)


-- -

(75120951)(6886397) (75061728) (6886397)

765890 1742 7624635539Total

(8706476075) (8684821901 ) II



Page 12 of27






10409606 66150000

1690008 52106758

133847016 226397938

15000000

5207606 66150000

168605187 -

38449241 6600000

-








10409606 66150000

691686670 52106758

133847016 1556617206

106800000

10420820 125000000

209190000 21300000 38454241

6600000

-



Page 13 of27












Page 14 of27




i
























Page 15 of27































Page 16 of27
















XXll XXlll



23784 --







Page 17 of27



I SI






bull



312011 As at March


















Page 18 of27



SI No


31 2011 As at March



















Page 19 of27








Total 23636813 23961284








Balance sheet


1652743 2279948 723438 623832 982288 665416 (62351) (280330)



Page 20 of27















Page 21 of27











378000000 378000000


13 Deferred Tax




Page 22 of27

i






2428667675 194139226 -








Page 23 of27










Joint Venture




589440902 172944483


I (e) Borrowing 615000000 83457594

(f) Income







Page 24 of27












Total 1937905~ 19671981











Page 25 of27







Total 469339813 566723276









Total 49560565 44263831




March 31 2010


Total 10000 67507276 10000 74724862



Page 26 of27










Page 27 of27






Tntcrcsl it1Cmh


f)iv1dend llicomo





















Dividend Civw








~lti


Phv J1yrlltioiii

Dat~ M~l) t~





i L


Place Hydcrahad


Sdi-



Director









2 Use of estimates








4 Concession Fee


Page 1 of27



5 Fixed Assets




6 Depreciation




7 Intangibles


8 Impairment


9 Inventories


Page 2 of27









11 Government Grant


12 Investments







Page 3 of 27



14 Borrowing Costs




16 Taxes on Income





17 Operating Leases


Page 4 of27



18 Provisions







Page 5 of27

















Page 6 of27

















Page 7 of 27





Income




Expenditure








400012543

(8


Particulars Amo

Fixed Assets




Liabilities





Net Assets (A- B) 2325468984

PageS of27






82979459


132340000


6875668



230173150











Page90f27





76724772Total 75308649

Notes




Page 10 of27









1357343 191200000 1357343 193121916






- - - -




Growth (33203434) (604000000) (33203434) (604964362)

Page 11 of27



Sales Description

Units

Cost of Acquisition

Amount

ife Savings Growth

Amount Units

-- --(136277 258)



Wholesale - Growth

--


(6510244)(6510244) (130042775)

- -PlanC Growth

- -(170183126)




(1 (1146054)(1146054)


(1703444) (1703444)(25010307)


-- -

(75120951)(6886397) (75061728) (6886397)

765890 1742 7624635539Total

(8706476075) (8684821901 ) II



Page 12 of27






10409606 66150000

1690008 52106758

133847016 226397938

15000000

5207606 66150000

168605187 -

38449241 6600000

-








10409606 66150000

691686670 52106758

133847016 1556617206

106800000

10420820 125000000

209190000 21300000 38454241

6600000

-



Page 13 of27












Page 14 of27




i
























Page 15 of27































Page 16 of27
















XXll XXlll



23784 --







Page 17 of27



I SI






bull



312011 As at March


















Page 18 of27



SI No


31 2011 As at March



















Page 19 of27








Total 23636813 23961284








Balance sheet


1652743 2279948 723438 623832 982288 665416 (62351) (280330)



Page 20 of27















Page 21 of27











378000000 378000000


13 Deferred Tax




Page 22 of27

i






2428667675 194139226 -








Page 23 of27










Joint Venture




589440902 172944483


I (e) Borrowing 615000000 83457594

(f) Income







Page 24 of27












Total 1937905~ 19671981











Page 25 of27







Total 469339813 566723276









Total 49560565 44263831




March 31 2010


Total 10000 67507276 10000 74724862



Page 26 of27










Page 27 of27






Tntcrcsl it1Cmh


f)iv1dend llicomo





















Dividend Civw








~lti


Phv J1yrlltioiii

Dat~ M~l) t~





i L


Place Hydcrahad


Sdi-



Director




5 Fixed Assets




6 Depreciation




7 Intangibles


8 Impairment


9 Inventories


Page 2 of27









11 Government Grant


12 Investments







Page 3 of 27



14 Borrowing Costs




16 Taxes on Income





17 Operating Leases


Page 4 of27



18 Provisions







Page 5 of27

















Page 6 of27

















Page 7 of 27





Income




Expenditure








400012543

(8


Particulars Amo

Fixed Assets




Liabilities





Net Assets (A- B) 2325468984

PageS of27






82979459


132340000


6875668



230173150











Page90f27





76724772Total 75308649

Notes




Page 10 of27









1357343 191200000 1357343 193121916






- - - -




Growth (33203434) (604000000) (33203434) (604964362)

Page 11 of27



Sales Description

Units

Cost of Acquisition

Amount

ife Savings Growth

Amount Units

-- --(136277 258)



Wholesale - Growth

--


(6510244)(6510244) (130042775)

- -PlanC Growth

- -(170183126)




(1 (1146054)(1146054)


(1703444) (1703444)(25010307)


-- -

(75120951)(6886397) (75061728) (6886397)

765890 1742 7624635539Total

(8706476075) (8684821901 ) II



Page 12 of27






10409606 66150000

1690008 52106758

133847016 226397938

15000000

5207606 66150000

168605187 -

38449241 6600000

-








10409606 66150000

691686670 52106758

133847016 1556617206

106800000

10420820 125000000

209190000 21300000 38454241

6600000

-



Page 13 of27












Page 14 of27




i
























Page 15 of27































Page 16 of27
















XXll XXlll



23784 --







Page 17 of27



I SI






bull



312011 As at March


















Page 18 of27



SI No


31 2011 As at March



















Page 19 of27








Total 23636813 23961284








Balance sheet


1652743 2279948 723438 623832 982288 665416 (62351) (280330)



Page 20 of27















Page 21 of27











378000000 378000000


13 Deferred Tax




Page 22 of27

i






2428667675 194139226 -








Page 23 of27










Joint Venture




589440902 172944483


I (e) Borrowing 615000000 83457594

(f) Income







Page 24 of27












Total 1937905~ 19671981











Page 25 of27







Total 469339813 566723276









Total 49560565 44263831




March 31 2010


Total 10000 67507276 10000 74724862



Page 26 of27










Page 27 of27






Tntcrcsl it1Cmh


f)iv1dend llicomo





















Dividend Civw








~lti


Phv J1yrlltioiii

Dat~ M~l) t~





i L


Place Hydcrahad


Sdi-



Director










11 Government Grant


12 Investments







Page 3 of 27



14 Borrowing Costs




16 Taxes on Income





17 Operating Leases


Page 4 of27



18 Provisions







Page 5 of27

















Page 6 of27

















Page 7 of 27





Income




Expenditure








400012543

(8


Particulars Amo

Fixed Assets




Liabilities





Net Assets (A- B) 2325468984

PageS of27






82979459


132340000


6875668



230173150











Page90f27





76724772Total 75308649

Notes




Page 10 of27









1357343 191200000 1357343 193121916






- - - -




Growth (33203434) (604000000) (33203434) (604964362)

Page 11 of27



Sales Description

Units

Cost of Acquisition

Amount

ife Savings Growth

Amount Units

-- --(136277 258)



Wholesale - Growth

--


(6510244)(6510244) (130042775)

- -PlanC Growth

- -(170183126)




(1 (1146054)(1146054)


(1703444) (1703444)(25010307)


-- -

(75120951)(6886397) (75061728) (6886397)

765890 1742 7624635539Total

(8706476075) (8684821901 ) II



Page 12 of27






10409606 66150000

1690008 52106758

133847016 226397938

15000000

5207606 66150000

168605187 -

38449241 6600000

-








10409606 66150000

691686670 52106758

133847016 1556617206

106800000

10420820 125000000

209190000 21300000 38454241

6600000

-



Page 13 of27












Page 14 of27




i
























Page 15 of27































Page 16 of27
















XXll XXlll



23784 --







Page 17 of27



I SI






bull



312011 As at March


















Page 18 of27



SI No


31 2011 As at March



















Page 19 of27








Total 23636813 23961284








Balance sheet


1652743 2279948 723438 623832 982288 665416 (62351) (280330)



Page 20 of27















Page 21 of27











378000000 378000000


13 Deferred Tax




Page 22 of27

i






2428667675 194139226 -








Page 23 of27










Joint Venture




589440902 172944483


I (e) Borrowing 615000000 83457594

(f) Income







Page 24 of27












Total 1937905~ 19671981











Page 25 of27







Total 469339813 566723276









Total 49560565 44263831




March 31 2010


Total 10000 67507276 10000 74724862



Page 26 of27










Page 27 of27






Tntcrcsl it1Cmh


f)iv1dend llicomo





















Dividend Civw








~lti


Phv J1yrlltioiii

Dat~ M~l) t~





i L


Place Hydcrahad


Sdi-



Director




14 Borrowing Costs




16 Taxes on Income





17 Operating Leases


Page 4 of27



18 Provisions







Page 5 of27

















Page 6 of27

















Page 7 of 27





Income




Expenditure








400012543

(8


Particulars Amo

Fixed Assets




Liabilities





Net Assets (A- B) 2325468984

PageS of27






82979459


132340000


6875668



230173150











Page90f27





76724772Total 75308649

Notes




Page 10 of27









1357343 191200000 1357343 193121916






- - - -




Growth (33203434) (604000000) (33203434) (604964362)

Page 11 of27



Sales Description

Units

Cost of Acquisition

Amount

ife Savings Growth

Amount Units

-- --(136277 258)



Wholesale - Growth

--


(6510244)(6510244) (130042775)

- -PlanC Growth

- -(170183126)




(1 (1146054)(1146054)


(1703444) (1703444)(25010307)


-- -

(75120951)(6886397) (75061728) (6886397)

765890 1742 7624635539Total

(8706476075) (8684821901 ) II



Page 12 of27






10409606 66150000

1690008 52106758

133847016 226397938

15000000

5207606 66150000

168605187 -

38449241 6600000

-








10409606 66150000

691686670 52106758

133847016 1556617206

106800000

10420820 125000000

209190000 21300000 38454241

6600000

-



Page 13 of27












Page 14 of27




i
























Page 15 of27































Page 16 of27
















XXll XXlll



23784 --







Page 17 of27



I SI






bull



312011 As at March


















Page 18 of27



SI No


31 2011 As at March



















Page 19 of27








Total 23636813 23961284








Balance sheet


1652743 2279948 723438 623832 982288 665416 (62351) (280330)



Page 20 of27















Page 21 of27











378000000 378000000


13 Deferred Tax




Page 22 of27

i






2428667675 194139226 -








Page 23 of27










Joint Venture




589440902 172944483


I (e) Borrowing 615000000 83457594

(f) Income







Page 24 of27












Total 1937905~ 19671981











Page 25 of27







Total 469339813 566723276









Total 49560565 44263831




March 31 2010


Total 10000 67507276 10000 74724862



Page 26 of27










Page 27 of27






Tntcrcsl it1Cmh


f)iv1dend llicomo





















Dividend Civw








~lti


Phv J1yrlltioiii

Dat~ M~l) t~





i L


Place Hydcrahad


Sdi-



Director




18 Provisions







Page 5 of27

















Page 6 of27

















Page 7 of 27





Income




Expenditure








400012543

(8


Particulars Amo

Fixed Assets




Liabilities





Net Assets (A- B) 2325468984

PageS of27






82979459


132340000


6875668



230173150











Page90f27





76724772Total 75308649

Notes




Page 10 of27









1357343 191200000 1357343 193121916






- - - -




Growth (33203434) (604000000) (33203434) (604964362)

Page 11 of27



Sales Description

Units

Cost of Acquisition

Amount

ife Savings Growth

Amount Units

-- --(136277 258)



Wholesale - Growth

--


(6510244)(6510244) (130042775)

- -PlanC Growth

- -(170183126)




(1 (1146054)(1146054)


(1703444) (1703444)(25010307)


-- -

(75120951)(6886397) (75061728) (6886397)

765890 1742 7624635539Total

(8706476075) (8684821901 ) II



Page 12 of27






10409606 66150000

1690008 52106758

133847016 226397938

15000000

5207606 66150000

168605187 -

38449241 6600000

-








10409606 66150000

691686670 52106758

133847016 1556617206

106800000

10420820 125000000

209190000 21300000 38454241

6600000

-



Page 13 of27












Page 14 of27




i
























Page 15 of27































Page 16 of27
















XXll XXlll



23784 --







Page 17 of27



I SI






bull



312011 As at March


















Page 18 of27



SI No


31 2011 As at March



















Page 19 of27








Total 23636813 23961284








Balance sheet


1652743 2279948 723438 623832 982288 665416 (62351) (280330)



Page 20 of27















Page 21 of27











378000000 378000000


13 Deferred Tax




Page 22 of27

i






2428667675 194139226 -








Page 23 of27










Joint Venture




589440902 172944483


I (e) Borrowing 615000000 83457594

(f) Income







Page 24 of27












Total 1937905~ 19671981











Page 25 of27







Total 469339813 566723276









Total 49560565 44263831




March 31 2010


Total 10000 67507276 10000 74724862



Page 26 of27










Page 27 of27






Tntcrcsl it1Cmh


f)iv1dend llicomo





















Dividend Civw








~lti


Phv J1yrlltioiii

Dat~ M~l) t~





i L


Place Hydcrahad


Sdi-



Director


















Page 6 of27

















Page 7 of 27





Income




Expenditure








400012543

(8


Particulars Amo

Fixed Assets




Liabilities





Net Assets (A- B) 2325468984

PageS of27






82979459


132340000


6875668



230173150











Page90f27





76724772Total 75308649

Notes




Page 10 of27









1357343 191200000 1357343 193121916






- - - -




Growth (33203434) (604000000) (33203434) (604964362)

Page 11 of27



Sales Description

Units

Cost of Acquisition

Amount

ife Savings Growth

Amount Units

-- --(136277 258)



Wholesale - Growth

--


(6510244)(6510244) (130042775)

- -PlanC Growth

- -(170183126)




(1 (1146054)(1146054)


(1703444) (1703444)(25010307)


-- -

(75120951)(6886397) (75061728) (6886397)

765890 1742 7624635539Total

(8706476075) (8684821901 ) II



Page 12 of27






10409606 66150000

1690008 52106758

133847016 226397938

15000000

5207606 66150000

168605187 -

38449241 6600000

-








10409606 66150000

691686670 52106758

133847016 1556617206

106800000

10420820 125000000

209190000 21300000 38454241

6600000

-



Page 13 of27












Page 14 of27




i
























Page 15 of27































Page 16 of27
















XXll XXlll



23784 --







Page 17 of27



I SI






bull



312011 As at March


















Page 18 of27



SI No


31 2011 As at March



















Page 19 of27








Total 23636813 23961284








Balance sheet


1652743 2279948 723438 623832 982288 665416 (62351) (280330)



Page 20 of27















Page 21 of27











378000000 378000000


13 Deferred Tax




Page 22 of27

i






2428667675 194139226 -








Page 23 of27










Joint Venture




589440902 172944483


I (e) Borrowing 615000000 83457594

(f) Income







Page 24 of27












Total 1937905~ 19671981











Page 25 of27







Total 469339813 566723276









Total 49560565 44263831




March 31 2010


Total 10000 67507276 10000 74724862



Page 26 of27










Page 27 of27






Tntcrcsl it1Cmh


f)iv1dend llicomo





















Dividend Civw








~lti


Phv J1yrlltioiii

Dat~ M~l) t~





i L


Place Hydcrahad


Sdi-



Director


















Page 7 of 27





Income




Expenditure








400012543

(8


Particulars Amo

Fixed Assets




Liabilities





Net Assets (A- B) 2325468984

PageS of27






82979459


132340000


6875668



230173150











Page90f27





76724772Total 75308649

Notes




Page 10 of27









1357343 191200000 1357343 193121916






- - - -




Growth (33203434) (604000000) (33203434) (604964362)

Page 11 of27



Sales Description

Units

Cost of Acquisition

Amount

ife Savings Growth

Amount Units

-- --(136277 258)



Wholesale - Growth

--


(6510244)(6510244) (130042775)

- -PlanC Growth

- -(170183126)




(1 (1146054)(1146054)


(1703444) (1703444)(25010307)


-- -

(75120951)(6886397) (75061728) (6886397)

765890 1742 7624635539Total

(8706476075) (8684821901 ) II



Page 12 of27






10409606 66150000

1690008 52106758

133847016 226397938

15000000

5207606 66150000

168605187 -

38449241 6600000

-








10409606 66150000

691686670 52106758

133847016 1556617206

106800000

10420820 125000000

209190000 21300000 38454241

6600000

-



Page 13 of27












Page 14 of27




i
























Page 15 of27































Page 16 of27
















XXll XXlll



23784 --







Page 17 of27



I SI






bull



312011 As at March


















Page 18 of27



SI No


31 2011 As at March



















Page 19 of27








Total 23636813 23961284








Balance sheet


1652743 2279948 723438 623832 982288 665416 (62351) (280330)



Page 20 of27















Page 21 of27











378000000 378000000


13 Deferred Tax




Page 22 of27

i






2428667675 194139226 -








Page 23 of27










Joint Venture




589440902 172944483


I (e) Borrowing 615000000 83457594

(f) Income







Page 24 of27












Total 1937905~ 19671981











Page 25 of27







Total 469339813 566723276









Total 49560565 44263831




March 31 2010


Total 10000 67507276 10000 74724862



Page 26 of27










Page 27 of27






Tntcrcsl it1Cmh


f)iv1dend llicomo





















Dividend Civw








~lti


Phv J1yrlltioiii

Dat~ M~l) t~





i L


Place Hydcrahad


Sdi-



Director






Income




Expenditure








400012543

(8


Particulars Amo

Fixed Assets




Liabilities





Net Assets (A- B) 2325468984

PageS of27






82979459


132340000


6875668



230173150











Page90f27





76724772Total 75308649

Notes




Page 10 of27









1357343 191200000 1357343 193121916






- - - -




Growth (33203434) (604000000) (33203434) (604964362)

Page 11 of27



Sales Description

Units

Cost of Acquisition

Amount

ife Savings Growth

Amount Units

-- --(136277 258)



Wholesale - Growth

--


(6510244)(6510244) (130042775)

- -PlanC Growth

- -(170183126)




(1 (1146054)(1146054)


(1703444) (1703444)(25010307)


-- -

(75120951)(6886397) (75061728) (6886397)

765890 1742 7624635539Total

(8706476075) (8684821901 ) II



Page 12 of27






10409606 66150000

1690008 52106758

133847016 226397938

15000000

5207606 66150000

168605187 -

38449241 6600000

-








10409606 66150000

691686670 52106758

133847016 1556617206

106800000

10420820 125000000

209190000 21300000 38454241

6600000

-



Page 13 of27












Page 14 of27




i
























Page 15 of27































Page 16 of27
















XXll XXlll



23784 --







Page 17 of27



I SI






bull



312011 As at March


















Page 18 of27



SI No


31 2011 As at March



















Page 19 of27








Total 23636813 23961284








Balance sheet


1652743 2279948 723438 623832 982288 665416 (62351) (280330)



Page 20 of27















Page 21 of27











378000000 378000000


13 Deferred Tax




Page 22 of27

i






2428667675 194139226 -








Page 23 of27










Joint Venture




589440902 172944483


I (e) Borrowing 615000000 83457594

(f) Income







Page 24 of27












Total 1937905~ 19671981











Page 25 of27







Total 469339813 566723276









Total 49560565 44263831




March 31 2010


Total 10000 67507276 10000 74724862



Page 26 of27










Page 27 of27






Tntcrcsl it1Cmh


f)iv1dend llicomo





















Dividend Civw








~lti


Phv J1yrlltioiii

Dat~ M~l) t~





i L


Place Hydcrahad


Sdi-



Director







82979459


132340000


6875668



230173150











Page90f27





76724772Total 75308649

Notes




Page 10 of27









1357343 191200000 1357343 193121916






- - - -




Growth (33203434) (604000000) (33203434) (604964362)

Page 11 of27



Sales Description

Units

Cost of Acquisition

Amount

ife Savings Growth

Amount Units

-- --(136277 258)



Wholesale - Growth

--


(6510244)(6510244) (130042775)

- -PlanC Growth

- -(170183126)




(1 (1146054)(1146054)


(1703444) (1703444)(25010307)


-- -

(75120951)(6886397) (75061728) (6886397)

765890 1742 7624635539Total

(8706476075) (8684821901 ) II



Page 12 of27






10409606 66150000

1690008 52106758

133847016 226397938

15000000

5207606 66150000

168605187 -

38449241 6600000

-








10409606 66150000

691686670 52106758

133847016 1556617206

106800000

10420820 125000000

209190000 21300000 38454241

6600000

-



Page 13 of27












Page 14 of27




i
























Page 15 of27































Page 16 of27
















XXll XXlll



23784 --







Page 17 of27



I SI






bull



312011 As at March


















Page 18 of27



SI No


31 2011 As at March



















Page 19 of27








Total 23636813 23961284








Balance sheet


1652743 2279948 723438 623832 982288 665416 (62351) (280330)



Page 20 of27















Page 21 of27











378000000 378000000


13 Deferred Tax




Page 22 of27

i






2428667675 194139226 -








Page 23 of27










Joint Venture




589440902 172944483


I (e) Borrowing 615000000 83457594

(f) Income







Page 24 of27












Total 1937905~ 19671981











Page 25 of27







Total 469339813 566723276









Total 49560565 44263831




March 31 2010


Total 10000 67507276 10000 74724862



Page 26 of27










Page 27 of27






Tntcrcsl it1Cmh


f)iv1dend llicomo





















Dividend Civw








~lti


Phv J1yrlltioiii

Dat~ M~l) t~





i L


Place Hydcrahad


Sdi-



Director






76724772Total 75308649

Notes




Page 10 of27









1357343 191200000 1357343 193121916






- - - -




Growth (33203434) (604000000) (33203434) (604964362)

Page 11 of27



Sales Description

Units

Cost of Acquisition

Amount

ife Savings Growth

Amount Units

-- --(136277 258)



Wholesale - Growth

--


(6510244)(6510244) (130042775)

- -PlanC Growth

- -(170183126)




(1 (1146054)(1146054)


(1703444) (1703444)(25010307)


-- -

(75120951)(6886397) (75061728) (6886397)

765890 1742 7624635539Total

(8706476075) (8684821901 ) II



Page 12 of27






10409606 66150000

1690008 52106758

133847016 226397938

15000000

5207606 66150000

168605187 -

38449241 6600000

-








10409606 66150000

691686670 52106758

133847016 1556617206

106800000

10420820 125000000

209190000 21300000 38454241

6600000

-



Page 13 of27












Page 14 of27




i
























Page 15 of27































Page 16 of27
















XXll XXlll



23784 --







Page 17 of27



I SI






bull



312011 As at March


















Page 18 of27



SI No


31 2011 As at March



















Page 19 of27








Total 23636813 23961284








Balance sheet


1652743 2279948 723438 623832 982288 665416 (62351) (280330)



Page 20 of27















Page 21 of27











378000000 378000000


13 Deferred Tax




Page 22 of27

i






2428667675 194139226 -








Page 23 of27










Joint Venture




589440902 172944483


I (e) Borrowing 615000000 83457594

(f) Income







Page 24 of27












Total 1937905~ 19671981











Page 25 of27







Total 469339813 566723276









Total 49560565 44263831




March 31 2010


Total 10000 67507276 10000 74724862



Page 26 of27










Page 27 of27






Tntcrcsl it1Cmh


f)iv1dend llicomo





















Dividend Civw








~lti


Phv J1yrlltioiii

Dat~ M~l) t~





i L


Place Hydcrahad


Sdi-



Director










1357343 191200000 1357343 193121916






- - - -




Growth (33203434) (604000000) (33203434) (604964362)

Page 11 of27



Sales Description

Units

Cost of Acquisition

Amount

ife Savings Growth

Amount Units

-- --(136277 258)



Wholesale - Growth

--


(6510244)(6510244) (130042775)

- -PlanC Growth

- -(170183126)




(1 (1146054)(1146054)


(1703444) (1703444)(25010307)


-- -

(75120951)(6886397) (75061728) (6886397)

765890 1742 7624635539Total

(8706476075) (8684821901 ) II



Page 12 of27






10409606 66150000

1690008 52106758

133847016 226397938

15000000

5207606 66150000

168605187 -

38449241 6600000

-








10409606 66150000

691686670 52106758

133847016 1556617206

106800000

10420820 125000000

209190000 21300000 38454241

6600000

-



Page 13 of27












Page 14 of27




i
























Page 15 of27































Page 16 of27
















XXll XXlll



23784 --







Page 17 of27



I SI






bull



312011 As at March


















Page 18 of27



SI No


31 2011 As at March



















Page 19 of27








Total 23636813 23961284








Balance sheet


1652743 2279948 723438 623832 982288 665416 (62351) (280330)



Page 20 of27















Page 21 of27











378000000 378000000


13 Deferred Tax




Page 22 of27

i






2428667675 194139226 -








Page 23 of27










Joint Venture




589440902 172944483


I (e) Borrowing 615000000 83457594

(f) Income







Page 24 of27












Total 1937905~ 19671981











Page 25 of27







Total 469339813 566723276









Total 49560565 44263831




March 31 2010


Total 10000 67507276 10000 74724862



Page 26 of27










Page 27 of27






Tntcrcsl it1Cmh


f)iv1dend llicomo





















Dividend Civw








~lti


Phv J1yrlltioiii

Dat~ M~l) t~





i L


Place Hydcrahad


Sdi-



Director




Sales Description

Units

Cost of Acquisition

Amount

ife Savings Growth

Amount Units

-- --(136277 258)



Wholesale - Growth

--


(6510244)(6510244) (130042775)

- -PlanC Growth

- -(170183126)




(1 (1146054)(1146054)


(1703444) (1703444)(25010307)


-- -

(75120951)(6886397) (75061728) (6886397)

765890 1742 7624635539Total

(8706476075) (8684821901 ) II



Page 12 of27






10409606 66150000

1690008 52106758

133847016 226397938

15000000

5207606 66150000

168605187 -

38449241 6600000

-








10409606 66150000

691686670 52106758

133847016 1556617206

106800000

10420820 125000000

209190000 21300000 38454241

6600000

-



Page 13 of27












Page 14 of27




i
























Page 15 of27































Page 16 of27
















XXll XXlll



23784 --







Page 17 of27



I SI






bull



312011 As at March


















Page 18 of27



SI No


31 2011 As at March



















Page 19 of27








Total 23636813 23961284








Balance sheet


1652743 2279948 723438 623832 982288 665416 (62351) (280330)



Page 20 of27















Page 21 of27











378000000 378000000


13 Deferred Tax




Page 22 of27

i






2428667675 194139226 -








Page 23 of27










Joint Venture




589440902 172944483


I (e) Borrowing 615000000 83457594

(f) Income







Page 24 of27












Total 1937905~ 19671981











Page 25 of27







Total 469339813 566723276









Total 49560565 44263831




March 31 2010


Total 10000 67507276 10000 74724862



Page 26 of27










Page 27 of27






Tntcrcsl it1Cmh


f)iv1dend llicomo





















Dividend Civw








~lti


Phv J1yrlltioiii

Dat~ M~l) t~





i L


Place Hydcrahad


Sdi-



Director







10409606 66150000

1690008 52106758

133847016 226397938

15000000

5207606 66150000

168605187 -

38449241 6600000

-








10409606 66150000

691686670 52106758

133847016 1556617206

106800000

10420820 125000000

209190000 21300000 38454241

6600000

-



Page 13 of27












Page 14 of27




i
























Page 15 of27































Page 16 of27
















XXll XXlll



23784 --







Page 17 of27



I SI






bull



312011 As at March


















Page 18 of27



SI No


31 2011 As at March



















Page 19 of27








Total 23636813 23961284








Balance sheet


1652743 2279948 723438 623832 982288 665416 (62351) (280330)



Page 20 of27















Page 21 of27











378000000 378000000


13 Deferred Tax




Page 22 of27

i






2428667675 194139226 -








Page 23 of27










Joint Venture




589440902 172944483


I (e) Borrowing 615000000 83457594

(f) Income







Page 24 of27












Total 1937905~ 19671981











Page 25 of27







Total 469339813 566723276









Total 49560565 44263831




March 31 2010


Total 10000 67507276 10000 74724862



Page 26 of27










Page 27 of27






Tntcrcsl it1Cmh


f)iv1dend llicomo





















Dividend Civw








~lti


Phv J1yrlltioiii

Dat~ M~l) t~





i L


Place Hydcrahad


Sdi-



Director













Page 14 of27




i
























Page 15 of27































Page 16 of27
















XXll XXlll



23784 --







Page 17 of27



I SI






bull



312011 As at March


















Page 18 of27



SI No


31 2011 As at March



















Page 19 of27








Total 23636813 23961284








Balance sheet


1652743 2279948 723438 623832 982288 665416 (62351) (280330)



Page 20 of27















Page 21 of27











378000000 378000000


13 Deferred Tax




Page 22 of27

i






2428667675 194139226 -








Page 23 of27










Joint Venture




589440902 172944483


I (e) Borrowing 615000000 83457594

(f) Income







Page 24 of27












Total 1937905~ 19671981











Page 25 of27







Total 469339813 566723276









Total 49560565 44263831




March 31 2010


Total 10000 67507276 10000 74724862



Page 26 of27










Page 27 of27






Tntcrcsl it1Cmh


f)iv1dend llicomo





















Dividend Civw








~lti


Phv J1yrlltioiii

Dat~ M~l) t~





i L


Place Hydcrahad


Sdi-



Director





i
























Page 15 of27































Page 16 of27
















XXll XXlll



23784 --







Page 17 of27



I SI






bull



312011 As at March


















Page 18 of27



SI No


31 2011 As at March



















Page 19 of27








Total 23636813 23961284








Balance sheet


1652743 2279948 723438 623832 982288 665416 (62351) (280330)



Page 20 of27















Page 21 of27











378000000 378000000


13 Deferred Tax




Page 22 of27

i






2428667675 194139226 -








Page 23 of27










Joint Venture




589440902 172944483


I (e) Borrowing 615000000 83457594

(f) Income







Page 24 of27












Total 1937905~ 19671981











Page 25 of27







Total 469339813 566723276









Total 49560565 44263831




March 31 2010


Total 10000 67507276 10000 74724862



Page 26 of27










Page 27 of27






Tntcrcsl it1Cmh


f)iv1dend llicomo





















Dividend Civw








~lti


Phv J1yrlltioiii

Dat~ M~l) t~





i L


Place Hydcrahad


Sdi-



Director
































Page 16 of27
















XXll XXlll



23784 --







Page 17 of27



I SI






bull



312011 As at March


















Page 18 of27



SI No


31 2011 As at March



















Page 19 of27








Total 23636813 23961284








Balance sheet


1652743 2279948 723438 623832 982288 665416 (62351) (280330)



Page 20 of27















Page 21 of27











378000000 378000000


13 Deferred Tax




Page 22 of27

i






2428667675 194139226 -








Page 23 of27










Joint Venture




589440902 172944483


I (e) Borrowing 615000000 83457594

(f) Income







Page 24 of27












Total 1937905~ 19671981











Page 25 of27







Total 469339813 566723276









Total 49560565 44263831




March 31 2010


Total 10000 67507276 10000 74724862



Page 26 of27










Page 27 of27






Tntcrcsl it1Cmh


f)iv1dend llicomo





















Dividend Civw








~lti


Phv J1yrlltioiii

Dat~ M~l) t~





i L


Place Hydcrahad


Sdi-



Director

















XXll XXlll



23784 --







Page 17 of27



I SI






bull



312011 As at March


















Page 18 of27



SI No


31 2011 As at March



















Page 19 of27








Total 23636813 23961284








Balance sheet


1652743 2279948 723438 623832 982288 665416 (62351) (280330)



Page 20 of27















Page 21 of27











378000000 378000000


13 Deferred Tax




Page 22 of27

i






2428667675 194139226 -








Page 23 of27










Joint Venture




589440902 172944483


I (e) Borrowing 615000000 83457594

(f) Income







Page 24 of27












Total 1937905~ 19671981











Page 25 of27







Total 469339813 566723276









Total 49560565 44263831




March 31 2010


Total 10000 67507276 10000 74724862



Page 26 of27










Page 27 of27






Tntcrcsl it1Cmh


f)iv1dend llicomo





















Dividend Civw








~lti


Phv J1yrlltioiii

Dat~ M~l) t~





i L


Place Hydcrahad


Sdi-



Director




I SI






bull



312011 As at March


















Page 18 of27



SI No


31 2011 As at March



















Page 19 of27








Total 23636813 23961284








Balance sheet


1652743 2279948 723438 623832 982288 665416 (62351) (280330)



Page 20 of27















Page 21 of27











378000000 378000000


13 Deferred Tax




Page 22 of27

i






2428667675 194139226 -








Page 23 of27










Joint Venture




589440902 172944483


I (e) Borrowing 615000000 83457594

(f) Income







Page 24 of27












Total 1937905~ 19671981











Page 25 of27







Total 469339813 566723276









Total 49560565 44263831




March 31 2010


Total 10000 67507276 10000 74724862



Page 26 of27










Page 27 of27






Tntcrcsl it1Cmh


f)iv1dend llicomo





















Dividend Civw








~lti


Phv J1yrlltioiii

Dat~ M~l) t~





i L


Place Hydcrahad


Sdi-



Director




SI No


31 2011 As at March



















Page 19 of27








Total 23636813 23961284








Balance sheet


1652743 2279948 723438 623832 982288 665416 (62351) (280330)



Page 20 of27















Page 21 of27











378000000 378000000


13 Deferred Tax




Page 22 of27

i






2428667675 194139226 -








Page 23 of27










Joint Venture




589440902 172944483


I (e) Borrowing 615000000 83457594

(f) Income







Page 24 of27












Total 1937905~ 19671981











Page 25 of27







Total 469339813 566723276









Total 49560565 44263831




March 31 2010


Total 10000 67507276 10000 74724862



Page 26 of27










Page 27 of27






Tntcrcsl it1Cmh


f)iv1dend llicomo





















Dividend Civw








~lti


Phv J1yrlltioiii

Dat~ M~l) t~





i L


Place Hydcrahad


Sdi-



Director









Total 23636813 23961284








Balance sheet


1652743 2279948 723438 623832 982288 665416 (62351) (280330)



Page 20 of27















Page 21 of27











378000000 378000000


13 Deferred Tax




Page 22 of27

i






2428667675 194139226 -








Page 23 of27










Joint Venture




589440902 172944483


I (e) Borrowing 615000000 83457594

(f) Income







Page 24 of27












Total 1937905~ 19671981











Page 25 of27







Total 469339813 566723276









Total 49560565 44263831




March 31 2010


Total 10000 67507276 10000 74724862



Page 26 of27










Page 27 of27






Tntcrcsl it1Cmh


f)iv1dend llicomo





















Dividend Civw








~lti


Phv J1yrlltioiii

Dat~ M~l) t~





i L


Place Hydcrahad


Sdi-



Director
















Page 21 of27











378000000 378000000


13 Deferred Tax




Page 22 of27

i






2428667675 194139226 -








Page 23 of27










Joint Venture




589440902 172944483


I (e) Borrowing 615000000 83457594

(f) Income







Page 24 of27












Total 1937905~ 19671981











Page 25 of27







Total 469339813 566723276









Total 49560565 44263831




March 31 2010


Total 10000 67507276 10000 74724862



Page 26 of27










Page 27 of27






Tntcrcsl it1Cmh


f)iv1dend llicomo





















Dividend Civw








~lti


Phv J1yrlltioiii

Dat~ M~l) t~





i L


Place Hydcrahad


Sdi-



Director












378000000 378000000


13 Deferred Tax




Page 22 of27

i






2428667675 194139226 -








Page 23 of27










Joint Venture




589440902 172944483


I (e) Borrowing 615000000 83457594

(f) Income







Page 24 of27












Total 1937905~ 19671981











Page 25 of27







Total 469339813 566723276









Total 49560565 44263831




March 31 2010


Total 10000 67507276 10000 74724862



Page 26 of27










Page 27 of27






Tntcrcsl it1Cmh


f)iv1dend llicomo





















Dividend Civw








~lti


Phv J1yrlltioiii

Dat~ M~l) t~





i L


Place Hydcrahad


Sdi-



Director


i






2428667675 194139226 -








Page 23 of27










Joint Venture




589440902 172944483


I (e) Borrowing 615000000 83457594

(f) Income







Page 24 of27












Total 1937905~ 19671981











Page 25 of27







Total 469339813 566723276









Total 49560565 44263831




March 31 2010


Total 10000 67507276 10000 74724862



Page 26 of27










Page 27 of27






Tntcrcsl it1Cmh


f)iv1dend llicomo





















Dividend Civw








~lti


Phv J1yrlltioiii

Dat~ M~l) t~





i L


Place Hydcrahad


Sdi-



Director











Joint Venture




589440902 172944483


I (e) Borrowing 615000000 83457594

(f) Income







Page 24 of27












Total 1937905~ 19671981











Page 25 of27







Total 469339813 566723276









Total 49560565 44263831




March 31 2010


Total 10000 67507276 10000 74724862



Page 26 of27










Page 27 of27






Tntcrcsl it1Cmh


f)iv1dend llicomo





















Dividend Civw








~lti


Phv J1yrlltioiii

Dat~ M~l) t~





i L


Place Hydcrahad


Sdi-



Director













Total 1937905~ 19671981











Page 25 of27







Total 469339813 566723276









Total 49560565 44263831




March 31 2010


Total 10000 67507276 10000 74724862



Page 26 of27










Page 27 of27






Tntcrcsl it1Cmh


f)iv1dend llicomo





















Dividend Civw








~lti


Phv J1yrlltioiii

Dat~ M~l) t~





i L


Place Hydcrahad


Sdi-



Director








Total 469339813 566723276









Total 49560565 44263831




March 31 2010


Total 10000 67507276 10000 74724862



Page 26 of27










Page 27 of27






Tntcrcsl it1Cmh


f)iv1dend llicomo





















Dividend Civw








~lti


Phv J1yrlltioiii

Dat~ M~l) t~





i L


Place Hydcrahad


Sdi-



Director











Page 27 of27






Tntcrcsl it1Cmh


f)iv1dend llicomo





















Dividend Civw








~lti


Phv J1yrlltioiii

Dat~ M~l) t~





i L


Place Hydcrahad


Sdi-



Director







Tntcrcsl it1Cmh


f)iv1dend llicomo





















Dividend Civw








~lti


Phv J1yrlltioiii

Dat~ M~l) t~





i L


Place Hydcrahad


Sdi-



Director








~lti


Phv J1yrlltioiii

Dat~ M~l) t~





i L


Place Hydcrahad


Sdi-



Director






i L


Place Hydcrahad


Sdi-



Director


Documents

J 10/2, - GMR Group...paY