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AUDITORS REPORT
TO THE MEMBERS OF GMRHYDERABAD AEROTROPOLIS LIMITED
L We have audited the attached Balance sheet of Mis GMR Hyderabad Aerotropolis Limited (the Company) as at 31 st March 2011 Profit and Loss Account and also the cash flow statement for the year ended on that date annexed thereto These financial statements are the responsibility of the Companys management Our responsibility is to express an opinion on these financial statements based on our audit
2 We have conducted our audit in accordance with auditing standards generally accepted in India These Standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement An audit includes examining on test basis evidence supporting the amounts and disclosures in the financial statements An audit also includes assessing the accounting principles used and significant estimates made by the management as well as evaluating the overall financial statement presentation We believe that our audit provides a reasonable basis for our opinion
3 As required by the Companies (Auditors Report) Order 2003 issued by the Central Government of India in terms of sub section (4A) of Section 227 of the Companies Act 1956 and based on such checks as we considered appropriate and according to the information and explanations given to us we state our comments on the matters specified in paragraphs 4 and 5 of the said order in the Annexure enclosed
4 Further to our comments in the Annexure referred to above we report that
a We have obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purpose of our audit
b In our opinion proper books of account as required by law have been kept by the Company so far as appears from our examination of the books
c The Balance Sheet Profit and Loss Account and Cash Flow Statement dealt with by this report are in agreement with the books of account
Page I of 5
d In our opinion the Balance Sheet Profit and Loss Account and Cash Flow Statement dealt with by this report comply with the accounting standards referred to in sub-section (3C) of section 211 of the Companies Act 1956
e On the basis of written representations received from the Directors 31stas on March 2011 and taken on record by the Board of
Directors we report that none of the Directors is disqualified as on 31 st March 2011 from being appointed as a Director in terms of clause(g) of sub-sectlon(l) of section 274 of the Companies Act 1956 and
f In our opinion and to the best of our information and according to the explanations given to us the accounts read with the notes thereon give the information required by the Companies Act 1956 in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India
(I) In the case of the Balance Sheet of the State of Affairs of the Company as at 31 st March 2011
(ii) In the case of the Profit and Loss Account of loss for the year ended on that date and
(iii) In the case of Cash Flow Statement of the Cash Flow for the year ended on the date
For Brahmayya amp Co Firm Reg NO00051SS
Chartered Accountants
SdshyG Srinivas
Place Bangalore Partner Date 23d May 2011 Membership No086761
201 5
Annexure to Auditors Report
Referred to in paragraph 3 of our report of even date
i) (a) The Company has maintained proper records showing full Particulars including quantitative details and situation of fixed assets
(b) All the assets have been physically verified by the management during the year as per programme of verification which in our opinion is reasonable having regard to the size of the Company and the nature of its assets No material discrepancies were noticed on such verification
(c) During the year in our opinion the Company has not disposed off any major part of fixed assets and there by does not affects the going concern status of the Company
Ii) The activities of the Company did not involve purchase of inventory and sale of goods during the period caved in our report and accordingly clauses (ii)(a) ii(b) and iH(c) of paragraph 4 of the Order are not applicable to the Company for the year
iii) (a) The Company has nejther granted nor taken any loans secured or unsecured tofrom any companYI firm or other parties listed in the Register maintained under section 301 of the Act Accordingly clauses (iii) (b) (iii) (c) (iii) (d) (iii) (e) (iii) (f) and (iii) (g) of paragraph 4 of the Order are not applicable for the year
Iv) In our opinion and according to the information and explanations given to us there are adequate internal control procedures commensurate with the size of the Company and the nature of its business with regard to purchases fixed assets and the activities of the Company did not involve purchase of inventory and sale of goods and services during the period caved in our report Further on the basis of our examination and according to the information and explanations given to us we have neither come across nor have we been informed of any instance of major weakness in the aforesaid internal control systems
v) Based on the audit procedures applied by us and according to the information and explanations provided by the management there are no contracts or arrangements referred to in section 301 of the act during the financial year to be entered in the register required to be maintained under that section Accordingly clause (v) of paragraph 4 of the Order is not applicable to the Company for the year
vi) According to the information and explanations given to us the Company has not accepted any deposits from the public as such the provisions of sections 58A and S8M of the Companies Act 1956 and the Companies (Acceptance of Deposits) Rules 1975 do not apply
Page 3 of 5
vii) In our OpiniOn the Company has an internal audit system commensurate with the size of the Company and nature of its business
viii) The Central Government has not prescribed the maintenance of Cost Records under section 209 (1) d of the Companies Act 1956 for the services rendered by the Company Accordingly clause (viii) of the paragraph 4 of the Order is not applicable
Ix) (a) According to the information and explanations given to us and according to the records as produced and examined by us In our opinion the Company is regular in depositing with appropriate authorities the undisputed statutory dues including Provident Fund Investor Education and Protection Fund Employees State Insurance Income Tax Sales Tax Wealth Tax Service Tax Custom Duty Excise Duty Cess and other statutory dues to the extent applicable to it There are no arrears of outstanding statutory dues as at 31st March 2011 for a period of more than six months from the date they became payable
Further since the Central Government has till date not prescribed the amount of cess payable under section 441 A of the Companies Act 1956 we are not In a position to comment upon the regularity or otherwise of the company in depositing the same
(b) According to the records of the Company and information and explanations given to us there are no dues in respect of Sales Tax Income Tax Customs Duty Wealth Tax Service TaxExcise DutyCess which have not been deposited on account of dispute
x) As the Company is registered for a period less than five years clause (x) of paragraph 4 of the Order is not applicable to the Company for the year
xi) Based on our audit procedures and According to the information and explanations given to us we are of the opinion that Company has not defaulted in repayment of dues to the financial institutions banks The Company has not issued any debentures
xii) According to the information and explanations given to us the Company has not granted any loans and advances on the basis of security by way of pledge of shares debentures and other securities Accordingly clause (xii) of paragraph 4 of the Order is not applicable for the year
xiii) In our opinion and according to the information and explanation given to us the Company is not a Chit Fund lIJidhi Mutual Benefit Fund Society Accordingly clause (xiii) of paragraph 4 of the Order is not applicable
Page 4 of 5
xiv) In our opinion and according to explanations given to us the Company is not a dealer or a trader in Securities Accordingly clause (xiv) of paragraph 4 of the Order is not applicable
xv) According to the information and explanations given to US j the Company has not given any guarantee for loans taken by others from bank or financial institutions Accordingly clause (xv) of paragraph 4 of the Order is not applicable for the year
xvi) According to the information and explanations given to us the Company has not obtained any term loans Accordingly clause (xvi) of paragraph 4 of the Order is not applicable for the year
xvii) Based on the information and explanations given to us and an overall examination of the Balance Sheet of the Company in our opinion there are no funds raised on short term basis which have been used for long term investment
xviii) The company has not made any preferential allotment of shares to parties and companies covered in the register maintained under section 301 of the Act Accordingly clause (xviii) of paragraph 4 of the Order is not applicable for the year
xix) The Company has not issued debentures during the year and accordingly clause (xix) of paragraph 4 of the Order is not appUcable
xx) The Company has not raised any money by public issues during the year and accordingly clause (xx) of paragraph 4 of the Order is not applicable
xxi) During the course of our examination of the books and records of the Company J carried out in accordance with the generally accepted auditing practices in India and according to the information and explanation given to us we have neither come across any instance of the fraud on or by the Company noticed or reported during the year nor have we been informed of such case by the management
For Brahmayya amp Co Firm Reg No 0005155 Chartered Accountants
SdshyGSrinivas
Place Bangalore Partner 23 rdDate May 2011 Membership No 086761
Page 5 of 5
GMR HYDERABAD AEROTROPOLIS LIMITED Balance Sheet as at March 31 2011
As at ar 31 2011
I SOURCES OF FUNDS
1 Shareholders Funds Capital 21800000 21800000
2 ShHrc application money pending allotment 25000000
Total 46800000 218
n APfLlCATION OF HiNDS
1 Fixed Assets 2 (a) Gross Block 37440 tb) Less Depreciation 37440 (c) Net Block Capital Work in Progress 70606]72 19341475 (Refer Note n(5) of Schedule 9) 70606172 19341475
2 Current Assets Loans and Advances (a) Cash and Bank Balances 3 807473 (h) Loans and Advances 4 3625178
443265
Less Current Liabilities and Provisious Current Liabilities 4197824
4197824 5
Net Current Assets (25308900) 1579992
3 Profit amp Luss Account (Debit Balance) 1502728 878532
46800000 2180()OOOTotal
9Significant Accounting Policies and Notes to Accounts
The Schedules referred to above and the notes to accounts form an integral part of the Balance Sheet
This is the Balance Sheet referred to in our report of even date
For Brahmayya amp Co For and on behalrofthe Board of Directors of Firms Registration No 000515S GMR Hydcrahad Acrotropolis Limited Chartered Accountants
SliJ- Sdmiddot Scimiddot G SriniV3S Vikram Jaisinghani e Prasanna Paliner Director Dire tor Membership No 086761
Place Place Hyderabad Place 11yderabad
Date May 23 2011 Date ~tfay 2011 Date May 23201 J
I
GMR HYDERABAD AEROTROPOLlS LIMnED Profit and Loss account for the year ended March 3l 2011
R(Amoun 111 upecs)
Sch For the year ended rended Particulars
Mar 31 2010 r M 31201l
I lncome
Income - -
wTotal [nco me -
11 Expenditure Administrative Expenses 6 617780 578907
Finance Charges 64167
Total Expenses 578907624196
Loss Before Tllx and Pdor Period Items (624196) (578907)
III Provision for Taxation Fringe Benefit Tax 8743 i
Ioss Aftel Tax and Before Prior Period Items (624196) (587650)
IV Prior Period Items Prior Period Items 8 290882-
Loss Aftel Tax lind Prior Period IttlnS (624196) (878532)
Add Balance in Prntll and Loss Account brought [(fiard from preVi()llS year (878532)
Loss Carried Forward to Balance Sheet (1502128) 878S32
EIInings Per Share (Rs) - Basic amp [)iluted (1573) ( Refer iotc II( 6) elf Schedule 91
(029)
Significant Accounting Policies and Notes to Accounts 9
I
The Schedules referred to above and tbe notog ttl accounts form an integral part of the profit and kiSS account
This is the Protlt and Loss Account referred to in our report of even date
For Bnlbmayya amp Co For and 011 behalf of the Board ()f Directors of
Fill11 RegiSlratinll in O()051 is G1HR Hyderahllrl Aerotropolis Limittd Chartcrtd Accountants
Sci- Scimiddot Sdfshy
Srinivas Vikram Jllisinghmi e Prasflllna Partner Director fJirc-ctor fember~hip No 086761
Place Place Hyderabad Place Hyderabad Date May 201 J Date May 23 201 t Date May 23 20ll
W l-lY IWRBI)ER01ROPOUS LIMITED Iw( 111middot forminf~ part of tlw Balance Sheet as at Ivlarch H 20 i [
- - I ~ t
GMR Hyderabad AerotropolisLimited Schedules forming part of the Balance Sheet as at March12011 SCHEDULE-2 Fixed Assets
gt0 _ 1---
Goss Block
As atDescription
Additions April Ol 2010
Software - -----shy
Grand Total - -Capital Work in Progress 19341476 51264696
NOIt1l (5) qfSchedule 9) March 31 2010 37440 -
As at
Deletions Mar3l2011
- -
~ -
70606J 72
~-
37440 -
Depreciation Net Block
As at For the On
As at As at As at
April 01 2010 Period Deletions Mar 31 20U Mar 312011 Mar 31 2010 ---- shy
- - - --
- - - - -70606172 19341476
6069 - ~5302 37440 - ----shy
GMR HYDERABAD AEROTROPOUS LIMITED Schedules forming part ofthc Balance Sheet as at March 31 2011
(Amount in Rupees)
SCHEDULE-3 As at Mar 312011
As at Mar 31 2010
Cash and Bank Balances Balances with Scheduled Banks
in Current Accounts 807473 4051586
807473 4051586
(Amount in Rupees)
SCHEDULE~4 As at Mar 312011
As at Mar31 tOl0
Loans and Advances (Unsecured considered good)
Advances recoverable in cash 01 in kind or for value to be received
Service tax input credit -
3625178
-1726230
3625178 1726230
(Amount in Rupees)
SCHEDUlE-S As at Mar 31 lOll
As at Mar312010
Current Liabilities and PrOllsions Current Liabilities
Sundry Creditors
Due ro Micro small and Medium Enterprises Due to other than Micro small and Medium Enterprises
Other Liabilities
-29667961
73590
29741551
-3575673
622151
4197824
Refer Note II (10) of Schedule 9
(iMR HYDERABAD AEROTROPOLIS LIMITED Scbedules forming part of the Profit and Loss account for the year ended March 3 t 2011
(Amount in Rupees)
SCHEDULE-6 For the year ended
For tbe year ended
Mar 312011 Mar 312010
Administrative Expenses
Rates and taxes Communication Expenses Travel expenses Consultancy Expenses Remuneration to Auditors
Audit Fce Printing and Stationary expenses Foreign Exchange Loss Intangible Asset Written off Depreciation Other exp
5180 9444
10365 53929
50000 4675 1173
483013
422303 900
28502
50000 45781
-25302 6069
-617780 578857
(Amount in Rupees)
SCHEDULE -7 For the year ended
Mar 31 2011 For the year ended
Mar 312010
Finance Charges
Finance Charges 6416 50
6416 50
(Amount in Rupees)
SCHEDULE-8
Prior Period Items
Rates and taxes Consultancy Expenses Audit Fee Printing and Stationary expenses Finance Charges Miscellaneous Expenses Depreciation Preliminary expenses
For the year ended
Mar3120U For the
5485 18500
150000
Ll98 175
88135 6069
21320
290882
GlHR HYIlERABD AEROTR(JPOUS UMITED
SCHIWllU - ) Significant Accounting Polides and Iotes to the Accounts
DrsiCription of Business
The c)mpmy Wl~ incnrporated on 18th Jul 2007 as a Wholly owned subsidiary ofGMR Hyderabud International Airpvrt limited_ The main objectiyc of tile company is to engage in the bllsines50fprl1peny development actiitcs ill and around the new Hyderabad illlcrnalional flirpmt at 8hillTlshabnd_
I Significant Accounting Policies
Cl()lnting Asslimptimls
The final1ci~1 stntcmems are prepared In accordance wllh the historical C-OS convention and to comply in all material aSpeCLi with thc applicable accounting prinoiples in [ndin the ltlccoullIing standards notified under sub-section (3C) of Seotion 211 of the Companies Act 1956 of India (the Acl) and the other rekvallt provisions ([tlle Act
2 ReVelltle Recognition -nle company rcoglli~ [(Venne 011 accrual basis as per the tcrllls of the agreemcnr and on the basis of services rendered_
3 Earnings ptr Share The eanlings considered in ascertanlng the Companys Enmings per Sharc(lOPS) comprised the nct pmtlt(loss) aCtel tax _The number 0 f shares used ill campulig Basic EPS is the weighted average numher of sharc outstanding during the year_ The Humber of shares used in computing Diluted EPg comprises of weighted average shares considered for deriving Basic EPS and also the weighted average number of equity shares which could bave bCll issued to the conversion of all dilutivc patentitllquity snares where applicnblc Diluive potential equity shres are deemed le hi been converted as of the beginning of tile yar unkss UHy have been isSlCltJllt nlater date_
middot1 Taxes on Income Currcnt fa is dotenninea based ill Ihe amOllnt of tax payable ill respect oftaxabk income for the peri(1o_ Deimd lax is recognised (1) liming differences being the difference between the taxable income and accounting income thai originale jll one period and are capable ~f reversal in one or more subsequent periods Deferred tax assels and liabilities m-e computed Oil the timing differenccs applying the enacted tax rates and tax laws that have ben cnacted (lr subsiantively cUKted by the balance sheet daie Deferred tLX assets on account OfUIl11bsorbed depreciation or carry HI)ward of tax losses an recognizcd ouly to the extcnt (hal there is virtual certainty evidence that sufficient future tax im(lme will hI) lvrdlble agains whih such ddirred fax assels call he reiliscd_
II
j (at Contingent Liabilities Rs Nil (raquo Estimatcu Amount ofcontracts n~millJi)1g It be cxcutcd on capital account and not provided lbr (Net of AdVUlCesl _Rs_NfL IMmch
21)10 lh Nil)
2 The ~xpenditure except lhost which arc eiligihk~ Ii ()piralisarion ()f) complelion of C(ll1stnlctiml are charged to Profit and Los mC)l1lt
3 -Ih~ Compauy do not hav any cmph-yees in its paywll- Accordingly the Company docs no hvc any obligation towards any Defined Benefit Plan )r any Defined COTltribIHIOIl Piau as per Accounting Standard (AS) 15 (revised 20(5) bull Employee Benefits
The Company is engaged in property dcvelopment activities which in the context or ~cc()ll1ting Standard 17 Segment Reporting noWled under section 211 (3lt) of the Companies Act 1956 is consillerelti as the only s~gmenL Hence reporting under the requiremeJlts of the said ~illndurd docs 11lt)( arise
GViR UYOERAIIA[) A EROT ROrOLlS LIMITED
snnrHILE - 9 Sigllificll1 ACcoufltillgPolicies llnd Notes to fhe ACCOllllts
Inrticulars
Capital Work In Progres~ Consultancy Expenses Tmvelling and onveyame InlereS OJ Uuceurcd Loans
lp to and as at blJ1 2011
601 amp1685 9958363
46(123
(mlt)Ullt III Rupee) Up to lIud ~s at Mar312010
15022190 3853163
466123
r----- 70606172 19341476
6 Details oftraosacHoos with Related Parties A) Enterprises where C(lTltwl exists
fi) Holding Company
iii lkding companys Holding ltlmpaI1Y
(iiii Ultimnte Holding Company
i IV) FeBa Subsidiary of Holding Company
tv) Fellow Subidiarie
GMR Hyder-abat Intt1nationai Airport Limited (GHIAL)
GMR lnfrasrrwture LimBed (GIL)
GMR Holdings Private Limited (GHPL)
GVL Investments Private Limited GMR Krishnagiri SEl Limited
Hyoerabad Menzies Air Cargo Private Lilllted
GMR Hyderabad AlTport Resourte Manugement Limited Hyderabad Airport Security Services Umited GMR Hydentbad Aviation 3El limited UMR Hyderahad Multiproduct SEZ Limited GMR Airport Handling Services Compmy Limited GMR H(1tels amp Resorts Llmircd
81 [)isdnsurc 1 transactiolli between the mmpan and reialcd pMtks and outstanding balances as at the year end (Amount in Rupxs)
I
Rclatnl PlnVTIan~lIclimlS H)lding Company O1lR Hydembad [ntcrnalional Airport limited
Shan Applicationllloncy Recehed Share Capilnl lotted Reimbursment of Expenses
Fellow Subsidiary MHolding Company GMR Krishnagili SEl Limited
Strvi-~c~ R~t~ivtd
ReimhufSlncnt of Expenses Fellow Subsidiary (-lR Hotels and Resorts Limiled
S~rif~S Rctived
Balance pu)uble (recoverable) OfvR Krishnagiri SEZ Ltd GMR Hyderahad [mcmati(Jrlll Airport Limited
Year ended Mar 3L 201 I Mar 31 20l()
25OOOO(JO
2710710amp
4170751
901587
813amp32 2711)6758
21300JlOO
3321003
3911265
1296003
7
8
GtlR HYUERABiJ AEROTROPOUS LIMITE))
SClIl[)VLE-9 Significant AewuHting Policies ami Notes to the Arcotlllh
Earnings Per Share I EPS)
Particulars Year cndd ~__~____________________________________________+-____~M~a~r31201~____-+______~~~~~~~~_ l Protit(Ioss) after lax (624196) b Weighted average l1umef of Equity Shares of Rs ( each nutstandind 2 i 80000 during the period
c Earnings per shan- Basic (029)
Auditors Rennmernlion
9 Tile Compruly 11a~ not rcc(gmsI-d the deftncd tax asset on cmTid forward losses ns at March 312011 on the hasis ofpnldcncc as per the reqmrements of Accounting Standard AS 22 Acomnting fOf Taxes 011 Income issued by the institute ()f Chartered Accltmntallis )f India
10 Based on the infomllllioll available with the compaJlY there ate llO micro slllall and medium entel1lfises to WllOlll tile company has paid imercsl or any interest payable on out~tandings (under the provision ltfSection 16 1ftht Micw Small and Medium Enterprise Development Act 20(6) during the period March 3 J 2011
I Addilionaiintbrmaliol1 pursuant to paragl aph~ J 4 4-( arid middot1~[) of pan - H of Schedule VI to ilie Companies cL 1956 to the extent ltlither Nil (r 111 Applicahle lut lot been furnished
12 PreViolls YCltII 1gures [Illve b~C1l regrouped and redassil1ed wherever necessary to conform wlboe of the current yc~l
F(middot Bnlbmayya amp Co For and on behalf oflhe Board olDirecwr5 or Fiml Registratioll No 00051iS CMR Hyderabad Aerotropolis Limited Chartereu ACc(luntmIS
Sd~ Sd- Sdf-
G Srjnivas Vikram Jaisinghani C Prasanna
Partn~r Director DirctOf Memhcrship No ()S67[)]
Place Hyderabad Place Hydcmbl1d Place Uyuerabau Dale My 23 2011 Dale May 23 2011 Date Mayn 2011
C
GMR HYDERABAD AEROTROPOLIS LIlllnm
CASH FLO STATEMENT FOR THE YEAR ENDEJ) MARCH JI 20U (AlIlount in Rupees)
For the year ended
Mar31 lOll
For the year ended
Mar 3]2010
A CASH FLOW FROMJ (USED IN) OPERATING ACTIVITIES Net Profit Before Tax (624196) (878532) Auu Prior period expen(s 29(882middot
(587650)(624196) Adjustment f()r
Depreciation 6069 Intangible Asset Written OIT
-25302middot
(556279)Operating loss before working capital chunges t624l96)
Adjustment for working capital changes
([nc-rease) i Decrease in Loans and Advances (545723) IncreaSe (Decrease) in Current LiabHilies and Proisions
0898949)
25543727 21 17543
Net Cash Flow from Operating Acthities 101554243020582
B CASH FLOW FROM (lISED IN) INVESTING ACTIVITIES
Purchase of Fixed Assets Capital Work in Progress (Net) (5 l264J(97) (9460281)
(9Net Cash Flow from Investing Activities (51264697)
CASH FLOW FROVll (USfn IN) FINANCING ACTIVITIES Proceeds from Share Application money 25000000 -
12300000Proceeds from l llotmen1 of Share Capital middot _
12300000Net Cash Flow from Financing Activities 25000000
Net increase in Cash and Cash E(IUivalents (3244114) 3855254
196332Cash lind Cash Equivalents at the beginning of the Period 4051586 I
4051586Cash lind Cash Equivalents nt the end of the Pedod 807473 1
Notes
I The above cash flow slatemem has heen prepared under the lndirect Methud us set out in the Accounting Standard - 3 on Cash Flow Statements issued by the Institute of Chartered Accountants of India
For Brahmayya amp Co Fm and oobchalf of the Board of Directors of Firm Regislralioll No 000515S GMR Hyderabad Aerotrollolis Limited
Chartered Accllililants
Seli- Sd- Sdi-
G Srinivas Vikram Jaisinghani C Prasanna
Partner Director Director Membership Jn 086761 Fluce Place Hyderabad Place tiyderabad Dill May 23 2011 Dale May 2fn I Date May 23 2011
GMR HYDERAHAD AEROTROPOLIS LIMITED
Balance Sheet Abstract And Companys General Business Profile
1
2
3
4
5
Registratiou Details
Registration No 045400AP2007PLC054827 State Code Balance Sheet Date Mar312011
Capital Raised during the year (Amount in Rs Thousands)
Public Issue Nil Rights Issue
Bonus Issue Nil Private Placement
Position of Mobilisation and Development of Funds ( Amount in Rs Thousands)
Total LiabiHties 46800 Total assets
Sources of Funds
Paid - Up Capital 21800 Share Application Maney Reserves amp Surplus Nil Unsecured Loans Secured Loan Nil Grant from GOAP
AI)plieatjon of Funds
Net Fixed Assets 70606 lnvestments Net Current Assets w 25309 Misc Expenditure
iAccumulated Losses 1503
Performance of company ( Amount in Rs Thousands)
Total Income 0 Total Expenditure
Generic Names of Three Principal Products I Services of Company (as pelmiddot monetary terms)
Item Code NCi Product Description
NA NA
01
Nil Nil
46800
25000 Nil Nil
Nil
Nit
-624
POI and on behalf of the Board of Directors of GMR Hyderabad A-rotropolis Limited
Sdi- Sd-
Vikram JlIlsinghani C PraslInna
Director Director
Place Hyderabad Place Hyderabad Date May 23 20 II Date May 23 20 I t
d In our opinion the Balance Sheet Profit and Loss Account and Cash Flow Statement dealt with by this report comply with the accounting standards referred to in sub-section (3C) of section 211 of the Companies Act 1956
e On the basis of written representations received from the Directors 31stas on March 2011 and taken on record by the Board of
Directors we report that none of the Directors is disqualified as on 31 st March 2011 from being appointed as a Director in terms of clause(g) of sub-sectlon(l) of section 274 of the Companies Act 1956 and
f In our opinion and to the best of our information and according to the explanations given to us the accounts read with the notes thereon give the information required by the Companies Act 1956 in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India
(I) In the case of the Balance Sheet of the State of Affairs of the Company as at 31 st March 2011
(ii) In the case of the Profit and Loss Account of loss for the year ended on that date and
(iii) In the case of Cash Flow Statement of the Cash Flow for the year ended on the date
For Brahmayya amp Co Firm Reg NO00051SS
Chartered Accountants
SdshyG Srinivas
Place Bangalore Partner Date 23d May 2011 Membership No086761
201 5
Annexure to Auditors Report
Referred to in paragraph 3 of our report of even date
i) (a) The Company has maintained proper records showing full Particulars including quantitative details and situation of fixed assets
(b) All the assets have been physically verified by the management during the year as per programme of verification which in our opinion is reasonable having regard to the size of the Company and the nature of its assets No material discrepancies were noticed on such verification
(c) During the year in our opinion the Company has not disposed off any major part of fixed assets and there by does not affects the going concern status of the Company
Ii) The activities of the Company did not involve purchase of inventory and sale of goods during the period caved in our report and accordingly clauses (ii)(a) ii(b) and iH(c) of paragraph 4 of the Order are not applicable to the Company for the year
iii) (a) The Company has nejther granted nor taken any loans secured or unsecured tofrom any companYI firm or other parties listed in the Register maintained under section 301 of the Act Accordingly clauses (iii) (b) (iii) (c) (iii) (d) (iii) (e) (iii) (f) and (iii) (g) of paragraph 4 of the Order are not applicable for the year
Iv) In our opinion and according to the information and explanations given to us there are adequate internal control procedures commensurate with the size of the Company and the nature of its business with regard to purchases fixed assets and the activities of the Company did not involve purchase of inventory and sale of goods and services during the period caved in our report Further on the basis of our examination and according to the information and explanations given to us we have neither come across nor have we been informed of any instance of major weakness in the aforesaid internal control systems
v) Based on the audit procedures applied by us and according to the information and explanations provided by the management there are no contracts or arrangements referred to in section 301 of the act during the financial year to be entered in the register required to be maintained under that section Accordingly clause (v) of paragraph 4 of the Order is not applicable to the Company for the year
vi) According to the information and explanations given to us the Company has not accepted any deposits from the public as such the provisions of sections 58A and S8M of the Companies Act 1956 and the Companies (Acceptance of Deposits) Rules 1975 do not apply
Page 3 of 5
vii) In our OpiniOn the Company has an internal audit system commensurate with the size of the Company and nature of its business
viii) The Central Government has not prescribed the maintenance of Cost Records under section 209 (1) d of the Companies Act 1956 for the services rendered by the Company Accordingly clause (viii) of the paragraph 4 of the Order is not applicable
Ix) (a) According to the information and explanations given to us and according to the records as produced and examined by us In our opinion the Company is regular in depositing with appropriate authorities the undisputed statutory dues including Provident Fund Investor Education and Protection Fund Employees State Insurance Income Tax Sales Tax Wealth Tax Service Tax Custom Duty Excise Duty Cess and other statutory dues to the extent applicable to it There are no arrears of outstanding statutory dues as at 31st March 2011 for a period of more than six months from the date they became payable
Further since the Central Government has till date not prescribed the amount of cess payable under section 441 A of the Companies Act 1956 we are not In a position to comment upon the regularity or otherwise of the company in depositing the same
(b) According to the records of the Company and information and explanations given to us there are no dues in respect of Sales Tax Income Tax Customs Duty Wealth Tax Service TaxExcise DutyCess which have not been deposited on account of dispute
x) As the Company is registered for a period less than five years clause (x) of paragraph 4 of the Order is not applicable to the Company for the year
xi) Based on our audit procedures and According to the information and explanations given to us we are of the opinion that Company has not defaulted in repayment of dues to the financial institutions banks The Company has not issued any debentures
xii) According to the information and explanations given to us the Company has not granted any loans and advances on the basis of security by way of pledge of shares debentures and other securities Accordingly clause (xii) of paragraph 4 of the Order is not applicable for the year
xiii) In our opinion and according to the information and explanation given to us the Company is not a Chit Fund lIJidhi Mutual Benefit Fund Society Accordingly clause (xiii) of paragraph 4 of the Order is not applicable
Page 4 of 5
xiv) In our opinion and according to explanations given to us the Company is not a dealer or a trader in Securities Accordingly clause (xiv) of paragraph 4 of the Order is not applicable
xv) According to the information and explanations given to US j the Company has not given any guarantee for loans taken by others from bank or financial institutions Accordingly clause (xv) of paragraph 4 of the Order is not applicable for the year
xvi) According to the information and explanations given to us the Company has not obtained any term loans Accordingly clause (xvi) of paragraph 4 of the Order is not applicable for the year
xvii) Based on the information and explanations given to us and an overall examination of the Balance Sheet of the Company in our opinion there are no funds raised on short term basis which have been used for long term investment
xviii) The company has not made any preferential allotment of shares to parties and companies covered in the register maintained under section 301 of the Act Accordingly clause (xviii) of paragraph 4 of the Order is not applicable for the year
xix) The Company has not issued debentures during the year and accordingly clause (xix) of paragraph 4 of the Order is not appUcable
xx) The Company has not raised any money by public issues during the year and accordingly clause (xx) of paragraph 4 of the Order is not applicable
xxi) During the course of our examination of the books and records of the Company J carried out in accordance with the generally accepted auditing practices in India and according to the information and explanation given to us we have neither come across any instance of the fraud on or by the Company noticed or reported during the year nor have we been informed of such case by the management
For Brahmayya amp Co Firm Reg No 0005155 Chartered Accountants
SdshyGSrinivas
Place Bangalore Partner 23 rdDate May 2011 Membership No 086761
Page 5 of 5
GMR HYDERABAD AEROTROPOLIS LIMITED Balance Sheet as at March 31 2011
As at ar 31 2011
I SOURCES OF FUNDS
1 Shareholders Funds Capital 21800000 21800000
2 ShHrc application money pending allotment 25000000
Total 46800000 218
n APfLlCATION OF HiNDS
1 Fixed Assets 2 (a) Gross Block 37440 tb) Less Depreciation 37440 (c) Net Block Capital Work in Progress 70606]72 19341475 (Refer Note n(5) of Schedule 9) 70606172 19341475
2 Current Assets Loans and Advances (a) Cash and Bank Balances 3 807473 (h) Loans and Advances 4 3625178
443265
Less Current Liabilities and Provisious Current Liabilities 4197824
4197824 5
Net Current Assets (25308900) 1579992
3 Profit amp Luss Account (Debit Balance) 1502728 878532
46800000 2180()OOOTotal
9Significant Accounting Policies and Notes to Accounts
The Schedules referred to above and the notes to accounts form an integral part of the Balance Sheet
This is the Balance Sheet referred to in our report of even date
For Brahmayya amp Co For and on behalrofthe Board of Directors of Firms Registration No 000515S GMR Hydcrahad Acrotropolis Limited Chartered Accountants
SliJ- Sdmiddot Scimiddot G SriniV3S Vikram Jaisinghani e Prasanna Paliner Director Dire tor Membership No 086761
Place Place Hyderabad Place 11yderabad
Date May 23 2011 Date ~tfay 2011 Date May 23201 J
I
GMR HYDERABAD AEROTROPOLlS LIMnED Profit and Loss account for the year ended March 3l 2011
R(Amoun 111 upecs)
Sch For the year ended rended Particulars
Mar 31 2010 r M 31201l
I lncome
Income - -
wTotal [nco me -
11 Expenditure Administrative Expenses 6 617780 578907
Finance Charges 64167
Total Expenses 578907624196
Loss Before Tllx and Pdor Period Items (624196) (578907)
III Provision for Taxation Fringe Benefit Tax 8743 i
Ioss Aftel Tax and Before Prior Period Items (624196) (587650)
IV Prior Period Items Prior Period Items 8 290882-
Loss Aftel Tax lind Prior Period IttlnS (624196) (878532)
Add Balance in Prntll and Loss Account brought [(fiard from preVi()llS year (878532)
Loss Carried Forward to Balance Sheet (1502128) 878S32
EIInings Per Share (Rs) - Basic amp [)iluted (1573) ( Refer iotc II( 6) elf Schedule 91
(029)
Significant Accounting Policies and Notes to Accounts 9
I
The Schedules referred to above and tbe notog ttl accounts form an integral part of the profit and kiSS account
This is the Protlt and Loss Account referred to in our report of even date
For Bnlbmayya amp Co For and 011 behalf of the Board ()f Directors of
Fill11 RegiSlratinll in O()051 is G1HR Hyderahllrl Aerotropolis Limittd Chartcrtd Accountants
Sci- Scimiddot Sdfshy
Srinivas Vikram Jllisinghmi e Prasflllna Partner Director fJirc-ctor fember~hip No 086761
Place Place Hyderabad Place Hyderabad Date May 201 J Date May 23 201 t Date May 23 20ll
W l-lY IWRBI)ER01ROPOUS LIMITED Iw( 111middot forminf~ part of tlw Balance Sheet as at Ivlarch H 20 i [
- - I ~ t
GMR Hyderabad AerotropolisLimited Schedules forming part of the Balance Sheet as at March12011 SCHEDULE-2 Fixed Assets
gt0 _ 1---
Goss Block
As atDescription
Additions April Ol 2010
Software - -----shy
Grand Total - -Capital Work in Progress 19341476 51264696
NOIt1l (5) qfSchedule 9) March 31 2010 37440 -
As at
Deletions Mar3l2011
- -
~ -
70606J 72
~-
37440 -
Depreciation Net Block
As at For the On
As at As at As at
April 01 2010 Period Deletions Mar 31 20U Mar 312011 Mar 31 2010 ---- shy
- - - --
- - - - -70606172 19341476
6069 - ~5302 37440 - ----shy
GMR HYDERABAD AEROTROPOUS LIMITED Schedules forming part ofthc Balance Sheet as at March 31 2011
(Amount in Rupees)
SCHEDULE-3 As at Mar 312011
As at Mar 31 2010
Cash and Bank Balances Balances with Scheduled Banks
in Current Accounts 807473 4051586
807473 4051586
(Amount in Rupees)
SCHEDULE~4 As at Mar 312011
As at Mar31 tOl0
Loans and Advances (Unsecured considered good)
Advances recoverable in cash 01 in kind or for value to be received
Service tax input credit -
3625178
-1726230
3625178 1726230
(Amount in Rupees)
SCHEDUlE-S As at Mar 31 lOll
As at Mar312010
Current Liabilities and PrOllsions Current Liabilities
Sundry Creditors
Due ro Micro small and Medium Enterprises Due to other than Micro small and Medium Enterprises
Other Liabilities
-29667961
73590
29741551
-3575673
622151
4197824
Refer Note II (10) of Schedule 9
(iMR HYDERABAD AEROTROPOLIS LIMITED Scbedules forming part of the Profit and Loss account for the year ended March 3 t 2011
(Amount in Rupees)
SCHEDULE-6 For the year ended
For tbe year ended
Mar 312011 Mar 312010
Administrative Expenses
Rates and taxes Communication Expenses Travel expenses Consultancy Expenses Remuneration to Auditors
Audit Fce Printing and Stationary expenses Foreign Exchange Loss Intangible Asset Written off Depreciation Other exp
5180 9444
10365 53929
50000 4675 1173
483013
422303 900
28502
50000 45781
-25302 6069
-617780 578857
(Amount in Rupees)
SCHEDULE -7 For the year ended
Mar 31 2011 For the year ended
Mar 312010
Finance Charges
Finance Charges 6416 50
6416 50
(Amount in Rupees)
SCHEDULE-8
Prior Period Items
Rates and taxes Consultancy Expenses Audit Fee Printing and Stationary expenses Finance Charges Miscellaneous Expenses Depreciation Preliminary expenses
For the year ended
Mar3120U For the
5485 18500
150000
Ll98 175
88135 6069
21320
290882
GlHR HYIlERABD AEROTR(JPOUS UMITED
SCHIWllU - ) Significant Accounting Polides and Iotes to the Accounts
DrsiCription of Business
The c)mpmy Wl~ incnrporated on 18th Jul 2007 as a Wholly owned subsidiary ofGMR Hyderabud International Airpvrt limited_ The main objectiyc of tile company is to engage in the bllsines50fprl1peny development actiitcs ill and around the new Hyderabad illlcrnalional flirpmt at 8hillTlshabnd_
I Significant Accounting Policies
Cl()lnting Asslimptimls
The final1ci~1 stntcmems are prepared In accordance wllh the historical C-OS convention and to comply in all material aSpeCLi with thc applicable accounting prinoiples in [ndin the ltlccoullIing standards notified under sub-section (3C) of Seotion 211 of the Companies Act 1956 of India (the Acl) and the other rekvallt provisions ([tlle Act
2 ReVelltle Recognition -nle company rcoglli~ [(Venne 011 accrual basis as per the tcrllls of the agreemcnr and on the basis of services rendered_
3 Earnings ptr Share The eanlings considered in ascertanlng the Companys Enmings per Sharc(lOPS) comprised the nct pmtlt(loss) aCtel tax _The number 0 f shares used ill campulig Basic EPS is the weighted average numher of sharc outstanding during the year_ The Humber of shares used in computing Diluted EPg comprises of weighted average shares considered for deriving Basic EPS and also the weighted average number of equity shares which could bave bCll issued to the conversion of all dilutivc patentitllquity snares where applicnblc Diluive potential equity shres are deemed le hi been converted as of the beginning of tile yar unkss UHy have been isSlCltJllt nlater date_
middot1 Taxes on Income Currcnt fa is dotenninea based ill Ihe amOllnt of tax payable ill respect oftaxabk income for the peri(1o_ Deimd lax is recognised (1) liming differences being the difference between the taxable income and accounting income thai originale jll one period and are capable ~f reversal in one or more subsequent periods Deferred tax assels and liabilities m-e computed Oil the timing differenccs applying the enacted tax rates and tax laws that have ben cnacted (lr subsiantively cUKted by the balance sheet daie Deferred tLX assets on account OfUIl11bsorbed depreciation or carry HI)ward of tax losses an recognizcd ouly to the extcnt (hal there is virtual certainty evidence that sufficient future tax im(lme will hI) lvrdlble agains whih such ddirred fax assels call he reiliscd_
II
j (at Contingent Liabilities Rs Nil (raquo Estimatcu Amount ofcontracts n~millJi)1g It be cxcutcd on capital account and not provided lbr (Net of AdVUlCesl _Rs_NfL IMmch
21)10 lh Nil)
2 The ~xpenditure except lhost which arc eiligihk~ Ii ()piralisarion ()f) complelion of C(ll1stnlctiml are charged to Profit and Los mC)l1lt
3 -Ih~ Compauy do not hav any cmph-yees in its paywll- Accordingly the Company docs no hvc any obligation towards any Defined Benefit Plan )r any Defined COTltribIHIOIl Piau as per Accounting Standard (AS) 15 (revised 20(5) bull Employee Benefits
The Company is engaged in property dcvelopment activities which in the context or ~cc()ll1ting Standard 17 Segment Reporting noWled under section 211 (3lt) of the Companies Act 1956 is consillerelti as the only s~gmenL Hence reporting under the requiremeJlts of the said ~illndurd docs 11lt)( arise
GViR UYOERAIIA[) A EROT ROrOLlS LIMITED
snnrHILE - 9 Sigllificll1 ACcoufltillgPolicies llnd Notes to fhe ACCOllllts
Inrticulars
Capital Work In Progres~ Consultancy Expenses Tmvelling and onveyame InlereS OJ Uuceurcd Loans
lp to and as at blJ1 2011
601 amp1685 9958363
46(123
(mlt)Ullt III Rupee) Up to lIud ~s at Mar312010
15022190 3853163
466123
r----- 70606172 19341476
6 Details oftraosacHoos with Related Parties A) Enterprises where C(lTltwl exists
fi) Holding Company
iii lkding companys Holding ltlmpaI1Y
(iiii Ultimnte Holding Company
i IV) FeBa Subsidiary of Holding Company
tv) Fellow Subidiarie
GMR Hyder-abat Intt1nationai Airport Limited (GHIAL)
GMR lnfrasrrwture LimBed (GIL)
GMR Holdings Private Limited (GHPL)
GVL Investments Private Limited GMR Krishnagiri SEl Limited
Hyoerabad Menzies Air Cargo Private Lilllted
GMR Hyderabad AlTport Resourte Manugement Limited Hyderabad Airport Security Services Umited GMR Hydentbad Aviation 3El limited UMR Hyderahad Multiproduct SEZ Limited GMR Airport Handling Services Compmy Limited GMR H(1tels amp Resorts Llmircd
81 [)isdnsurc 1 transactiolli between the mmpan and reialcd pMtks and outstanding balances as at the year end (Amount in Rupxs)
I
Rclatnl PlnVTIan~lIclimlS H)lding Company O1lR Hydembad [ntcrnalional Airport limited
Shan Applicationllloncy Recehed Share Capilnl lotted Reimbursment of Expenses
Fellow Subsidiary MHolding Company GMR Krishnagili SEl Limited
Strvi-~c~ R~t~ivtd
ReimhufSlncnt of Expenses Fellow Subsidiary (-lR Hotels and Resorts Limiled
S~rif~S Rctived
Balance pu)uble (recoverable) OfvR Krishnagiri SEZ Ltd GMR Hyderahad [mcmati(Jrlll Airport Limited
Year ended Mar 3L 201 I Mar 31 20l()
25OOOO(JO
2710710amp
4170751
901587
813amp32 2711)6758
21300JlOO
3321003
3911265
1296003
7
8
GtlR HYUERABiJ AEROTROPOUS LIMITE))
SClIl[)VLE-9 Significant AewuHting Policies ami Notes to the Arcotlllh
Earnings Per Share I EPS)
Particulars Year cndd ~__~____________________________________________+-____~M~a~r31201~____-+______~~~~~~~~_ l Protit(Ioss) after lax (624196) b Weighted average l1umef of Equity Shares of Rs ( each nutstandind 2 i 80000 during the period
c Earnings per shan- Basic (029)
Auditors Rennmernlion
9 Tile Compruly 11a~ not rcc(gmsI-d the deftncd tax asset on cmTid forward losses ns at March 312011 on the hasis ofpnldcncc as per the reqmrements of Accounting Standard AS 22 Acomnting fOf Taxes 011 Income issued by the institute ()f Chartered Accltmntallis )f India
10 Based on the infomllllioll available with the compaJlY there ate llO micro slllall and medium entel1lfises to WllOlll tile company has paid imercsl or any interest payable on out~tandings (under the provision ltfSection 16 1ftht Micw Small and Medium Enterprise Development Act 20(6) during the period March 3 J 2011
I Addilionaiintbrmaliol1 pursuant to paragl aph~ J 4 4-( arid middot1~[) of pan - H of Schedule VI to ilie Companies cL 1956 to the extent ltlither Nil (r 111 Applicahle lut lot been furnished
12 PreViolls YCltII 1gures [Illve b~C1l regrouped and redassil1ed wherever necessary to conform wlboe of the current yc~l
F(middot Bnlbmayya amp Co For and on behalf oflhe Board olDirecwr5 or Fiml Registratioll No 00051iS CMR Hyderabad Aerotropolis Limited Chartereu ACc(luntmIS
Sd~ Sd- Sdf-
G Srjnivas Vikram Jaisinghani C Prasanna
Partn~r Director DirctOf Memhcrship No ()S67[)]
Place Hyderabad Place Hydcmbl1d Place Uyuerabau Dale My 23 2011 Dale May 23 2011 Date Mayn 2011
C
GMR HYDERABAD AEROTROPOLIS LIlllnm
CASH FLO STATEMENT FOR THE YEAR ENDEJ) MARCH JI 20U (AlIlount in Rupees)
For the year ended
Mar31 lOll
For the year ended
Mar 3]2010
A CASH FLOW FROMJ (USED IN) OPERATING ACTIVITIES Net Profit Before Tax (624196) (878532) Auu Prior period expen(s 29(882middot
(587650)(624196) Adjustment f()r
Depreciation 6069 Intangible Asset Written OIT
-25302middot
(556279)Operating loss before working capital chunges t624l96)
Adjustment for working capital changes
([nc-rease) i Decrease in Loans and Advances (545723) IncreaSe (Decrease) in Current LiabHilies and Proisions
0898949)
25543727 21 17543
Net Cash Flow from Operating Acthities 101554243020582
B CASH FLOW FROM (lISED IN) INVESTING ACTIVITIES
Purchase of Fixed Assets Capital Work in Progress (Net) (5 l264J(97) (9460281)
(9Net Cash Flow from Investing Activities (51264697)
CASH FLOW FROVll (USfn IN) FINANCING ACTIVITIES Proceeds from Share Application money 25000000 -
12300000Proceeds from l llotmen1 of Share Capital middot _
12300000Net Cash Flow from Financing Activities 25000000
Net increase in Cash and Cash E(IUivalents (3244114) 3855254
196332Cash lind Cash Equivalents at the beginning of the Period 4051586 I
4051586Cash lind Cash Equivalents nt the end of the Pedod 807473 1
Notes
I The above cash flow slatemem has heen prepared under the lndirect Methud us set out in the Accounting Standard - 3 on Cash Flow Statements issued by the Institute of Chartered Accountants of India
For Brahmayya amp Co Fm and oobchalf of the Board of Directors of Firm Regislralioll No 000515S GMR Hyderabad Aerotrollolis Limited
Chartered Accllililants
Seli- Sd- Sdi-
G Srinivas Vikram Jaisinghani C Prasanna
Partner Director Director Membership Jn 086761 Fluce Place Hyderabad Place tiyderabad Dill May 23 2011 Dale May 2fn I Date May 23 2011
GMR HYDERAHAD AEROTROPOLIS LIMITED
Balance Sheet Abstract And Companys General Business Profile
1
2
3
4
5
Registratiou Details
Registration No 045400AP2007PLC054827 State Code Balance Sheet Date Mar312011
Capital Raised during the year (Amount in Rs Thousands)
Public Issue Nil Rights Issue
Bonus Issue Nil Private Placement
Position of Mobilisation and Development of Funds ( Amount in Rs Thousands)
Total LiabiHties 46800 Total assets
Sources of Funds
Paid - Up Capital 21800 Share Application Maney Reserves amp Surplus Nil Unsecured Loans Secured Loan Nil Grant from GOAP
AI)plieatjon of Funds
Net Fixed Assets 70606 lnvestments Net Current Assets w 25309 Misc Expenditure
iAccumulated Losses 1503
Performance of company ( Amount in Rs Thousands)
Total Income 0 Total Expenditure
Generic Names of Three Principal Products I Services of Company (as pelmiddot monetary terms)
Item Code NCi Product Description
NA NA
01
Nil Nil
46800
25000 Nil Nil
Nil
Nit
-624
POI and on behalf of the Board of Directors of GMR Hyderabad A-rotropolis Limited
Sdi- Sd-
Vikram JlIlsinghani C PraslInna
Director Director
Place Hyderabad Place Hyderabad Date May 23 20 II Date May 23 20 I t
Annexure to Auditors Report
Referred to in paragraph 3 of our report of even date
i) (a) The Company has maintained proper records showing full Particulars including quantitative details and situation of fixed assets
(b) All the assets have been physically verified by the management during the year as per programme of verification which in our opinion is reasonable having regard to the size of the Company and the nature of its assets No material discrepancies were noticed on such verification
(c) During the year in our opinion the Company has not disposed off any major part of fixed assets and there by does not affects the going concern status of the Company
Ii) The activities of the Company did not involve purchase of inventory and sale of goods during the period caved in our report and accordingly clauses (ii)(a) ii(b) and iH(c) of paragraph 4 of the Order are not applicable to the Company for the year
iii) (a) The Company has nejther granted nor taken any loans secured or unsecured tofrom any companYI firm or other parties listed in the Register maintained under section 301 of the Act Accordingly clauses (iii) (b) (iii) (c) (iii) (d) (iii) (e) (iii) (f) and (iii) (g) of paragraph 4 of the Order are not applicable for the year
Iv) In our opinion and according to the information and explanations given to us there are adequate internal control procedures commensurate with the size of the Company and the nature of its business with regard to purchases fixed assets and the activities of the Company did not involve purchase of inventory and sale of goods and services during the period caved in our report Further on the basis of our examination and according to the information and explanations given to us we have neither come across nor have we been informed of any instance of major weakness in the aforesaid internal control systems
v) Based on the audit procedures applied by us and according to the information and explanations provided by the management there are no contracts or arrangements referred to in section 301 of the act during the financial year to be entered in the register required to be maintained under that section Accordingly clause (v) of paragraph 4 of the Order is not applicable to the Company for the year
vi) According to the information and explanations given to us the Company has not accepted any deposits from the public as such the provisions of sections 58A and S8M of the Companies Act 1956 and the Companies (Acceptance of Deposits) Rules 1975 do not apply
Page 3 of 5
vii) In our OpiniOn the Company has an internal audit system commensurate with the size of the Company and nature of its business
viii) The Central Government has not prescribed the maintenance of Cost Records under section 209 (1) d of the Companies Act 1956 for the services rendered by the Company Accordingly clause (viii) of the paragraph 4 of the Order is not applicable
Ix) (a) According to the information and explanations given to us and according to the records as produced and examined by us In our opinion the Company is regular in depositing with appropriate authorities the undisputed statutory dues including Provident Fund Investor Education and Protection Fund Employees State Insurance Income Tax Sales Tax Wealth Tax Service Tax Custom Duty Excise Duty Cess and other statutory dues to the extent applicable to it There are no arrears of outstanding statutory dues as at 31st March 2011 for a period of more than six months from the date they became payable
Further since the Central Government has till date not prescribed the amount of cess payable under section 441 A of the Companies Act 1956 we are not In a position to comment upon the regularity or otherwise of the company in depositing the same
(b) According to the records of the Company and information and explanations given to us there are no dues in respect of Sales Tax Income Tax Customs Duty Wealth Tax Service TaxExcise DutyCess which have not been deposited on account of dispute
x) As the Company is registered for a period less than five years clause (x) of paragraph 4 of the Order is not applicable to the Company for the year
xi) Based on our audit procedures and According to the information and explanations given to us we are of the opinion that Company has not defaulted in repayment of dues to the financial institutions banks The Company has not issued any debentures
xii) According to the information and explanations given to us the Company has not granted any loans and advances on the basis of security by way of pledge of shares debentures and other securities Accordingly clause (xii) of paragraph 4 of the Order is not applicable for the year
xiii) In our opinion and according to the information and explanation given to us the Company is not a Chit Fund lIJidhi Mutual Benefit Fund Society Accordingly clause (xiii) of paragraph 4 of the Order is not applicable
Page 4 of 5
xiv) In our opinion and according to explanations given to us the Company is not a dealer or a trader in Securities Accordingly clause (xiv) of paragraph 4 of the Order is not applicable
xv) According to the information and explanations given to US j the Company has not given any guarantee for loans taken by others from bank or financial institutions Accordingly clause (xv) of paragraph 4 of the Order is not applicable for the year
xvi) According to the information and explanations given to us the Company has not obtained any term loans Accordingly clause (xvi) of paragraph 4 of the Order is not applicable for the year
xvii) Based on the information and explanations given to us and an overall examination of the Balance Sheet of the Company in our opinion there are no funds raised on short term basis which have been used for long term investment
xviii) The company has not made any preferential allotment of shares to parties and companies covered in the register maintained under section 301 of the Act Accordingly clause (xviii) of paragraph 4 of the Order is not applicable for the year
xix) The Company has not issued debentures during the year and accordingly clause (xix) of paragraph 4 of the Order is not appUcable
xx) The Company has not raised any money by public issues during the year and accordingly clause (xx) of paragraph 4 of the Order is not applicable
xxi) During the course of our examination of the books and records of the Company J carried out in accordance with the generally accepted auditing practices in India and according to the information and explanation given to us we have neither come across any instance of the fraud on or by the Company noticed or reported during the year nor have we been informed of such case by the management
For Brahmayya amp Co Firm Reg No 0005155 Chartered Accountants
SdshyGSrinivas
Place Bangalore Partner 23 rdDate May 2011 Membership No 086761
Page 5 of 5
GMR HYDERABAD AEROTROPOLIS LIMITED Balance Sheet as at March 31 2011
As at ar 31 2011
I SOURCES OF FUNDS
1 Shareholders Funds Capital 21800000 21800000
2 ShHrc application money pending allotment 25000000
Total 46800000 218
n APfLlCATION OF HiNDS
1 Fixed Assets 2 (a) Gross Block 37440 tb) Less Depreciation 37440 (c) Net Block Capital Work in Progress 70606]72 19341475 (Refer Note n(5) of Schedule 9) 70606172 19341475
2 Current Assets Loans and Advances (a) Cash and Bank Balances 3 807473 (h) Loans and Advances 4 3625178
443265
Less Current Liabilities and Provisious Current Liabilities 4197824
4197824 5
Net Current Assets (25308900) 1579992
3 Profit amp Luss Account (Debit Balance) 1502728 878532
46800000 2180()OOOTotal
9Significant Accounting Policies and Notes to Accounts
The Schedules referred to above and the notes to accounts form an integral part of the Balance Sheet
This is the Balance Sheet referred to in our report of even date
For Brahmayya amp Co For and on behalrofthe Board of Directors of Firms Registration No 000515S GMR Hydcrahad Acrotropolis Limited Chartered Accountants
SliJ- Sdmiddot Scimiddot G SriniV3S Vikram Jaisinghani e Prasanna Paliner Director Dire tor Membership No 086761
Place Place Hyderabad Place 11yderabad
Date May 23 2011 Date ~tfay 2011 Date May 23201 J
I
GMR HYDERABAD AEROTROPOLlS LIMnED Profit and Loss account for the year ended March 3l 2011
R(Amoun 111 upecs)
Sch For the year ended rended Particulars
Mar 31 2010 r M 31201l
I lncome
Income - -
wTotal [nco me -
11 Expenditure Administrative Expenses 6 617780 578907
Finance Charges 64167
Total Expenses 578907624196
Loss Before Tllx and Pdor Period Items (624196) (578907)
III Provision for Taxation Fringe Benefit Tax 8743 i
Ioss Aftel Tax and Before Prior Period Items (624196) (587650)
IV Prior Period Items Prior Period Items 8 290882-
Loss Aftel Tax lind Prior Period IttlnS (624196) (878532)
Add Balance in Prntll and Loss Account brought [(fiard from preVi()llS year (878532)
Loss Carried Forward to Balance Sheet (1502128) 878S32
EIInings Per Share (Rs) - Basic amp [)iluted (1573) ( Refer iotc II( 6) elf Schedule 91
(029)
Significant Accounting Policies and Notes to Accounts 9
I
The Schedules referred to above and tbe notog ttl accounts form an integral part of the profit and kiSS account
This is the Protlt and Loss Account referred to in our report of even date
For Bnlbmayya amp Co For and 011 behalf of the Board ()f Directors of
Fill11 RegiSlratinll in O()051 is G1HR Hyderahllrl Aerotropolis Limittd Chartcrtd Accountants
Sci- Scimiddot Sdfshy
Srinivas Vikram Jllisinghmi e Prasflllna Partner Director fJirc-ctor fember~hip No 086761
Place Place Hyderabad Place Hyderabad Date May 201 J Date May 23 201 t Date May 23 20ll
W l-lY IWRBI)ER01ROPOUS LIMITED Iw( 111middot forminf~ part of tlw Balance Sheet as at Ivlarch H 20 i [
- - I ~ t
GMR Hyderabad AerotropolisLimited Schedules forming part of the Balance Sheet as at March12011 SCHEDULE-2 Fixed Assets
gt0 _ 1---
Goss Block
As atDescription
Additions April Ol 2010
Software - -----shy
Grand Total - -Capital Work in Progress 19341476 51264696
NOIt1l (5) qfSchedule 9) March 31 2010 37440 -
As at
Deletions Mar3l2011
- -
~ -
70606J 72
~-
37440 -
Depreciation Net Block
As at For the On
As at As at As at
April 01 2010 Period Deletions Mar 31 20U Mar 312011 Mar 31 2010 ---- shy
- - - --
- - - - -70606172 19341476
6069 - ~5302 37440 - ----shy
GMR HYDERABAD AEROTROPOUS LIMITED Schedules forming part ofthc Balance Sheet as at March 31 2011
(Amount in Rupees)
SCHEDULE-3 As at Mar 312011
As at Mar 31 2010
Cash and Bank Balances Balances with Scheduled Banks
in Current Accounts 807473 4051586
807473 4051586
(Amount in Rupees)
SCHEDULE~4 As at Mar 312011
As at Mar31 tOl0
Loans and Advances (Unsecured considered good)
Advances recoverable in cash 01 in kind or for value to be received
Service tax input credit -
3625178
-1726230
3625178 1726230
(Amount in Rupees)
SCHEDUlE-S As at Mar 31 lOll
As at Mar312010
Current Liabilities and PrOllsions Current Liabilities
Sundry Creditors
Due ro Micro small and Medium Enterprises Due to other than Micro small and Medium Enterprises
Other Liabilities
-29667961
73590
29741551
-3575673
622151
4197824
Refer Note II (10) of Schedule 9
(iMR HYDERABAD AEROTROPOLIS LIMITED Scbedules forming part of the Profit and Loss account for the year ended March 3 t 2011
(Amount in Rupees)
SCHEDULE-6 For the year ended
For tbe year ended
Mar 312011 Mar 312010
Administrative Expenses
Rates and taxes Communication Expenses Travel expenses Consultancy Expenses Remuneration to Auditors
Audit Fce Printing and Stationary expenses Foreign Exchange Loss Intangible Asset Written off Depreciation Other exp
5180 9444
10365 53929
50000 4675 1173
483013
422303 900
28502
50000 45781
-25302 6069
-617780 578857
(Amount in Rupees)
SCHEDULE -7 For the year ended
Mar 31 2011 For the year ended
Mar 312010
Finance Charges
Finance Charges 6416 50
6416 50
(Amount in Rupees)
SCHEDULE-8
Prior Period Items
Rates and taxes Consultancy Expenses Audit Fee Printing and Stationary expenses Finance Charges Miscellaneous Expenses Depreciation Preliminary expenses
For the year ended
Mar3120U For the
5485 18500
150000
Ll98 175
88135 6069
21320
290882
GlHR HYIlERABD AEROTR(JPOUS UMITED
SCHIWllU - ) Significant Accounting Polides and Iotes to the Accounts
DrsiCription of Business
The c)mpmy Wl~ incnrporated on 18th Jul 2007 as a Wholly owned subsidiary ofGMR Hyderabud International Airpvrt limited_ The main objectiyc of tile company is to engage in the bllsines50fprl1peny development actiitcs ill and around the new Hyderabad illlcrnalional flirpmt at 8hillTlshabnd_
I Significant Accounting Policies
Cl()lnting Asslimptimls
The final1ci~1 stntcmems are prepared In accordance wllh the historical C-OS convention and to comply in all material aSpeCLi with thc applicable accounting prinoiples in [ndin the ltlccoullIing standards notified under sub-section (3C) of Seotion 211 of the Companies Act 1956 of India (the Acl) and the other rekvallt provisions ([tlle Act
2 ReVelltle Recognition -nle company rcoglli~ [(Venne 011 accrual basis as per the tcrllls of the agreemcnr and on the basis of services rendered_
3 Earnings ptr Share The eanlings considered in ascertanlng the Companys Enmings per Sharc(lOPS) comprised the nct pmtlt(loss) aCtel tax _The number 0 f shares used ill campulig Basic EPS is the weighted average numher of sharc outstanding during the year_ The Humber of shares used in computing Diluted EPg comprises of weighted average shares considered for deriving Basic EPS and also the weighted average number of equity shares which could bave bCll issued to the conversion of all dilutivc patentitllquity snares where applicnblc Diluive potential equity shres are deemed le hi been converted as of the beginning of tile yar unkss UHy have been isSlCltJllt nlater date_
middot1 Taxes on Income Currcnt fa is dotenninea based ill Ihe amOllnt of tax payable ill respect oftaxabk income for the peri(1o_ Deimd lax is recognised (1) liming differences being the difference between the taxable income and accounting income thai originale jll one period and are capable ~f reversal in one or more subsequent periods Deferred tax assels and liabilities m-e computed Oil the timing differenccs applying the enacted tax rates and tax laws that have ben cnacted (lr subsiantively cUKted by the balance sheet daie Deferred tLX assets on account OfUIl11bsorbed depreciation or carry HI)ward of tax losses an recognizcd ouly to the extcnt (hal there is virtual certainty evidence that sufficient future tax im(lme will hI) lvrdlble agains whih such ddirred fax assels call he reiliscd_
II
j (at Contingent Liabilities Rs Nil (raquo Estimatcu Amount ofcontracts n~millJi)1g It be cxcutcd on capital account and not provided lbr (Net of AdVUlCesl _Rs_NfL IMmch
21)10 lh Nil)
2 The ~xpenditure except lhost which arc eiligihk~ Ii ()piralisarion ()f) complelion of C(ll1stnlctiml are charged to Profit and Los mC)l1lt
3 -Ih~ Compauy do not hav any cmph-yees in its paywll- Accordingly the Company docs no hvc any obligation towards any Defined Benefit Plan )r any Defined COTltribIHIOIl Piau as per Accounting Standard (AS) 15 (revised 20(5) bull Employee Benefits
The Company is engaged in property dcvelopment activities which in the context or ~cc()ll1ting Standard 17 Segment Reporting noWled under section 211 (3lt) of the Companies Act 1956 is consillerelti as the only s~gmenL Hence reporting under the requiremeJlts of the said ~illndurd docs 11lt)( arise
GViR UYOERAIIA[) A EROT ROrOLlS LIMITED
snnrHILE - 9 Sigllificll1 ACcoufltillgPolicies llnd Notes to fhe ACCOllllts
Inrticulars
Capital Work In Progres~ Consultancy Expenses Tmvelling and onveyame InlereS OJ Uuceurcd Loans
lp to and as at blJ1 2011
601 amp1685 9958363
46(123
(mlt)Ullt III Rupee) Up to lIud ~s at Mar312010
15022190 3853163
466123
r----- 70606172 19341476
6 Details oftraosacHoos with Related Parties A) Enterprises where C(lTltwl exists
fi) Holding Company
iii lkding companys Holding ltlmpaI1Y
(iiii Ultimnte Holding Company
i IV) FeBa Subsidiary of Holding Company
tv) Fellow Subidiarie
GMR Hyder-abat Intt1nationai Airport Limited (GHIAL)
GMR lnfrasrrwture LimBed (GIL)
GMR Holdings Private Limited (GHPL)
GVL Investments Private Limited GMR Krishnagiri SEl Limited
Hyoerabad Menzies Air Cargo Private Lilllted
GMR Hyderabad AlTport Resourte Manugement Limited Hyderabad Airport Security Services Umited GMR Hydentbad Aviation 3El limited UMR Hyderahad Multiproduct SEZ Limited GMR Airport Handling Services Compmy Limited GMR H(1tels amp Resorts Llmircd
81 [)isdnsurc 1 transactiolli between the mmpan and reialcd pMtks and outstanding balances as at the year end (Amount in Rupxs)
I
Rclatnl PlnVTIan~lIclimlS H)lding Company O1lR Hydembad [ntcrnalional Airport limited
Shan Applicationllloncy Recehed Share Capilnl lotted Reimbursment of Expenses
Fellow Subsidiary MHolding Company GMR Krishnagili SEl Limited
Strvi-~c~ R~t~ivtd
ReimhufSlncnt of Expenses Fellow Subsidiary (-lR Hotels and Resorts Limiled
S~rif~S Rctived
Balance pu)uble (recoverable) OfvR Krishnagiri SEZ Ltd GMR Hyderahad [mcmati(Jrlll Airport Limited
Year ended Mar 3L 201 I Mar 31 20l()
25OOOO(JO
2710710amp
4170751
901587
813amp32 2711)6758
21300JlOO
3321003
3911265
1296003
7
8
GtlR HYUERABiJ AEROTROPOUS LIMITE))
SClIl[)VLE-9 Significant AewuHting Policies ami Notes to the Arcotlllh
Earnings Per Share I EPS)
Particulars Year cndd ~__~____________________________________________+-____~M~a~r31201~____-+______~~~~~~~~_ l Protit(Ioss) after lax (624196) b Weighted average l1umef of Equity Shares of Rs ( each nutstandind 2 i 80000 during the period
c Earnings per shan- Basic (029)
Auditors Rennmernlion
9 Tile Compruly 11a~ not rcc(gmsI-d the deftncd tax asset on cmTid forward losses ns at March 312011 on the hasis ofpnldcncc as per the reqmrements of Accounting Standard AS 22 Acomnting fOf Taxes 011 Income issued by the institute ()f Chartered Accltmntallis )f India
10 Based on the infomllllioll available with the compaJlY there ate llO micro slllall and medium entel1lfises to WllOlll tile company has paid imercsl or any interest payable on out~tandings (under the provision ltfSection 16 1ftht Micw Small and Medium Enterprise Development Act 20(6) during the period March 3 J 2011
I Addilionaiintbrmaliol1 pursuant to paragl aph~ J 4 4-( arid middot1~[) of pan - H of Schedule VI to ilie Companies cL 1956 to the extent ltlither Nil (r 111 Applicahle lut lot been furnished
12 PreViolls YCltII 1gures [Illve b~C1l regrouped and redassil1ed wherever necessary to conform wlboe of the current yc~l
F(middot Bnlbmayya amp Co For and on behalf oflhe Board olDirecwr5 or Fiml Registratioll No 00051iS CMR Hyderabad Aerotropolis Limited Chartereu ACc(luntmIS
Sd~ Sd- Sdf-
G Srjnivas Vikram Jaisinghani C Prasanna
Partn~r Director DirctOf Memhcrship No ()S67[)]
Place Hyderabad Place Hydcmbl1d Place Uyuerabau Dale My 23 2011 Dale May 23 2011 Date Mayn 2011
C
GMR HYDERABAD AEROTROPOLIS LIlllnm
CASH FLO STATEMENT FOR THE YEAR ENDEJ) MARCH JI 20U (AlIlount in Rupees)
For the year ended
Mar31 lOll
For the year ended
Mar 3]2010
A CASH FLOW FROMJ (USED IN) OPERATING ACTIVITIES Net Profit Before Tax (624196) (878532) Auu Prior period expen(s 29(882middot
(587650)(624196) Adjustment f()r
Depreciation 6069 Intangible Asset Written OIT
-25302middot
(556279)Operating loss before working capital chunges t624l96)
Adjustment for working capital changes
([nc-rease) i Decrease in Loans and Advances (545723) IncreaSe (Decrease) in Current LiabHilies and Proisions
0898949)
25543727 21 17543
Net Cash Flow from Operating Acthities 101554243020582
B CASH FLOW FROM (lISED IN) INVESTING ACTIVITIES
Purchase of Fixed Assets Capital Work in Progress (Net) (5 l264J(97) (9460281)
(9Net Cash Flow from Investing Activities (51264697)
CASH FLOW FROVll (USfn IN) FINANCING ACTIVITIES Proceeds from Share Application money 25000000 -
12300000Proceeds from l llotmen1 of Share Capital middot _
12300000Net Cash Flow from Financing Activities 25000000
Net increase in Cash and Cash E(IUivalents (3244114) 3855254
196332Cash lind Cash Equivalents at the beginning of the Period 4051586 I
4051586Cash lind Cash Equivalents nt the end of the Pedod 807473 1
Notes
I The above cash flow slatemem has heen prepared under the lndirect Methud us set out in the Accounting Standard - 3 on Cash Flow Statements issued by the Institute of Chartered Accountants of India
For Brahmayya amp Co Fm and oobchalf of the Board of Directors of Firm Regislralioll No 000515S GMR Hyderabad Aerotrollolis Limited
Chartered Accllililants
Seli- Sd- Sdi-
G Srinivas Vikram Jaisinghani C Prasanna
Partner Director Director Membership Jn 086761 Fluce Place Hyderabad Place tiyderabad Dill May 23 2011 Dale May 2fn I Date May 23 2011
GMR HYDERAHAD AEROTROPOLIS LIMITED
Balance Sheet Abstract And Companys General Business Profile
1
2
3
4
5
Registratiou Details
Registration No 045400AP2007PLC054827 State Code Balance Sheet Date Mar312011
Capital Raised during the year (Amount in Rs Thousands)
Public Issue Nil Rights Issue
Bonus Issue Nil Private Placement
Position of Mobilisation and Development of Funds ( Amount in Rs Thousands)
Total LiabiHties 46800 Total assets
Sources of Funds
Paid - Up Capital 21800 Share Application Maney Reserves amp Surplus Nil Unsecured Loans Secured Loan Nil Grant from GOAP
AI)plieatjon of Funds
Net Fixed Assets 70606 lnvestments Net Current Assets w 25309 Misc Expenditure
iAccumulated Losses 1503
Performance of company ( Amount in Rs Thousands)
Total Income 0 Total Expenditure
Generic Names of Three Principal Products I Services of Company (as pelmiddot monetary terms)
Item Code NCi Product Description
NA NA
01
Nil Nil
46800
25000 Nil Nil
Nil
Nit
-624
POI and on behalf of the Board of Directors of GMR Hyderabad A-rotropolis Limited
Sdi- Sd-
Vikram JlIlsinghani C PraslInna
Director Director
Place Hyderabad Place Hyderabad Date May 23 20 II Date May 23 20 I t
vii) In our OpiniOn the Company has an internal audit system commensurate with the size of the Company and nature of its business
viii) The Central Government has not prescribed the maintenance of Cost Records under section 209 (1) d of the Companies Act 1956 for the services rendered by the Company Accordingly clause (viii) of the paragraph 4 of the Order is not applicable
Ix) (a) According to the information and explanations given to us and according to the records as produced and examined by us In our opinion the Company is regular in depositing with appropriate authorities the undisputed statutory dues including Provident Fund Investor Education and Protection Fund Employees State Insurance Income Tax Sales Tax Wealth Tax Service Tax Custom Duty Excise Duty Cess and other statutory dues to the extent applicable to it There are no arrears of outstanding statutory dues as at 31st March 2011 for a period of more than six months from the date they became payable
Further since the Central Government has till date not prescribed the amount of cess payable under section 441 A of the Companies Act 1956 we are not In a position to comment upon the regularity or otherwise of the company in depositing the same
(b) According to the records of the Company and information and explanations given to us there are no dues in respect of Sales Tax Income Tax Customs Duty Wealth Tax Service TaxExcise DutyCess which have not been deposited on account of dispute
x) As the Company is registered for a period less than five years clause (x) of paragraph 4 of the Order is not applicable to the Company for the year
xi) Based on our audit procedures and According to the information and explanations given to us we are of the opinion that Company has not defaulted in repayment of dues to the financial institutions banks The Company has not issued any debentures
xii) According to the information and explanations given to us the Company has not granted any loans and advances on the basis of security by way of pledge of shares debentures and other securities Accordingly clause (xii) of paragraph 4 of the Order is not applicable for the year
xiii) In our opinion and according to the information and explanation given to us the Company is not a Chit Fund lIJidhi Mutual Benefit Fund Society Accordingly clause (xiii) of paragraph 4 of the Order is not applicable
Page 4 of 5
xiv) In our opinion and according to explanations given to us the Company is not a dealer or a trader in Securities Accordingly clause (xiv) of paragraph 4 of the Order is not applicable
xv) According to the information and explanations given to US j the Company has not given any guarantee for loans taken by others from bank or financial institutions Accordingly clause (xv) of paragraph 4 of the Order is not applicable for the year
xvi) According to the information and explanations given to us the Company has not obtained any term loans Accordingly clause (xvi) of paragraph 4 of the Order is not applicable for the year
xvii) Based on the information and explanations given to us and an overall examination of the Balance Sheet of the Company in our opinion there are no funds raised on short term basis which have been used for long term investment
xviii) The company has not made any preferential allotment of shares to parties and companies covered in the register maintained under section 301 of the Act Accordingly clause (xviii) of paragraph 4 of the Order is not applicable for the year
xix) The Company has not issued debentures during the year and accordingly clause (xix) of paragraph 4 of the Order is not appUcable
xx) The Company has not raised any money by public issues during the year and accordingly clause (xx) of paragraph 4 of the Order is not applicable
xxi) During the course of our examination of the books and records of the Company J carried out in accordance with the generally accepted auditing practices in India and according to the information and explanation given to us we have neither come across any instance of the fraud on or by the Company noticed or reported during the year nor have we been informed of such case by the management
For Brahmayya amp Co Firm Reg No 0005155 Chartered Accountants
SdshyGSrinivas
Place Bangalore Partner 23 rdDate May 2011 Membership No 086761
Page 5 of 5
GMR HYDERABAD AEROTROPOLIS LIMITED Balance Sheet as at March 31 2011
As at ar 31 2011
I SOURCES OF FUNDS
1 Shareholders Funds Capital 21800000 21800000
2 ShHrc application money pending allotment 25000000
Total 46800000 218
n APfLlCATION OF HiNDS
1 Fixed Assets 2 (a) Gross Block 37440 tb) Less Depreciation 37440 (c) Net Block Capital Work in Progress 70606]72 19341475 (Refer Note n(5) of Schedule 9) 70606172 19341475
2 Current Assets Loans and Advances (a) Cash and Bank Balances 3 807473 (h) Loans and Advances 4 3625178
443265
Less Current Liabilities and Provisious Current Liabilities 4197824
4197824 5
Net Current Assets (25308900) 1579992
3 Profit amp Luss Account (Debit Balance) 1502728 878532
46800000 2180()OOOTotal
9Significant Accounting Policies and Notes to Accounts
The Schedules referred to above and the notes to accounts form an integral part of the Balance Sheet
This is the Balance Sheet referred to in our report of even date
For Brahmayya amp Co For and on behalrofthe Board of Directors of Firms Registration No 000515S GMR Hydcrahad Acrotropolis Limited Chartered Accountants
SliJ- Sdmiddot Scimiddot G SriniV3S Vikram Jaisinghani e Prasanna Paliner Director Dire tor Membership No 086761
Place Place Hyderabad Place 11yderabad
Date May 23 2011 Date ~tfay 2011 Date May 23201 J
I
GMR HYDERABAD AEROTROPOLlS LIMnED Profit and Loss account for the year ended March 3l 2011
R(Amoun 111 upecs)
Sch For the year ended rended Particulars
Mar 31 2010 r M 31201l
I lncome
Income - -
wTotal [nco me -
11 Expenditure Administrative Expenses 6 617780 578907
Finance Charges 64167
Total Expenses 578907624196
Loss Before Tllx and Pdor Period Items (624196) (578907)
III Provision for Taxation Fringe Benefit Tax 8743 i
Ioss Aftel Tax and Before Prior Period Items (624196) (587650)
IV Prior Period Items Prior Period Items 8 290882-
Loss Aftel Tax lind Prior Period IttlnS (624196) (878532)
Add Balance in Prntll and Loss Account brought [(fiard from preVi()llS year (878532)
Loss Carried Forward to Balance Sheet (1502128) 878S32
EIInings Per Share (Rs) - Basic amp [)iluted (1573) ( Refer iotc II( 6) elf Schedule 91
(029)
Significant Accounting Policies and Notes to Accounts 9
I
The Schedules referred to above and tbe notog ttl accounts form an integral part of the profit and kiSS account
This is the Protlt and Loss Account referred to in our report of even date
For Bnlbmayya amp Co For and 011 behalf of the Board ()f Directors of
Fill11 RegiSlratinll in O()051 is G1HR Hyderahllrl Aerotropolis Limittd Chartcrtd Accountants
Sci- Scimiddot Sdfshy
Srinivas Vikram Jllisinghmi e Prasflllna Partner Director fJirc-ctor fember~hip No 086761
Place Place Hyderabad Place Hyderabad Date May 201 J Date May 23 201 t Date May 23 20ll
W l-lY IWRBI)ER01ROPOUS LIMITED Iw( 111middot forminf~ part of tlw Balance Sheet as at Ivlarch H 20 i [
- - I ~ t
GMR Hyderabad AerotropolisLimited Schedules forming part of the Balance Sheet as at March12011 SCHEDULE-2 Fixed Assets
gt0 _ 1---
Goss Block
As atDescription
Additions April Ol 2010
Software - -----shy
Grand Total - -Capital Work in Progress 19341476 51264696
NOIt1l (5) qfSchedule 9) March 31 2010 37440 -
As at
Deletions Mar3l2011
- -
~ -
70606J 72
~-
37440 -
Depreciation Net Block
As at For the On
As at As at As at
April 01 2010 Period Deletions Mar 31 20U Mar 312011 Mar 31 2010 ---- shy
- - - --
- - - - -70606172 19341476
6069 - ~5302 37440 - ----shy
GMR HYDERABAD AEROTROPOUS LIMITED Schedules forming part ofthc Balance Sheet as at March 31 2011
(Amount in Rupees)
SCHEDULE-3 As at Mar 312011
As at Mar 31 2010
Cash and Bank Balances Balances with Scheduled Banks
in Current Accounts 807473 4051586
807473 4051586
(Amount in Rupees)
SCHEDULE~4 As at Mar 312011
As at Mar31 tOl0
Loans and Advances (Unsecured considered good)
Advances recoverable in cash 01 in kind or for value to be received
Service tax input credit -
3625178
-1726230
3625178 1726230
(Amount in Rupees)
SCHEDUlE-S As at Mar 31 lOll
As at Mar312010
Current Liabilities and PrOllsions Current Liabilities
Sundry Creditors
Due ro Micro small and Medium Enterprises Due to other than Micro small and Medium Enterprises
Other Liabilities
-29667961
73590
29741551
-3575673
622151
4197824
Refer Note II (10) of Schedule 9
(iMR HYDERABAD AEROTROPOLIS LIMITED Scbedules forming part of the Profit and Loss account for the year ended March 3 t 2011
(Amount in Rupees)
SCHEDULE-6 For the year ended
For tbe year ended
Mar 312011 Mar 312010
Administrative Expenses
Rates and taxes Communication Expenses Travel expenses Consultancy Expenses Remuneration to Auditors
Audit Fce Printing and Stationary expenses Foreign Exchange Loss Intangible Asset Written off Depreciation Other exp
5180 9444
10365 53929
50000 4675 1173
483013
422303 900
28502
50000 45781
-25302 6069
-617780 578857
(Amount in Rupees)
SCHEDULE -7 For the year ended
Mar 31 2011 For the year ended
Mar 312010
Finance Charges
Finance Charges 6416 50
6416 50
(Amount in Rupees)
SCHEDULE-8
Prior Period Items
Rates and taxes Consultancy Expenses Audit Fee Printing and Stationary expenses Finance Charges Miscellaneous Expenses Depreciation Preliminary expenses
For the year ended
Mar3120U For the
5485 18500
150000
Ll98 175
88135 6069
21320
290882
GlHR HYIlERABD AEROTR(JPOUS UMITED
SCHIWllU - ) Significant Accounting Polides and Iotes to the Accounts
DrsiCription of Business
The c)mpmy Wl~ incnrporated on 18th Jul 2007 as a Wholly owned subsidiary ofGMR Hyderabud International Airpvrt limited_ The main objectiyc of tile company is to engage in the bllsines50fprl1peny development actiitcs ill and around the new Hyderabad illlcrnalional flirpmt at 8hillTlshabnd_
I Significant Accounting Policies
Cl()lnting Asslimptimls
The final1ci~1 stntcmems are prepared In accordance wllh the historical C-OS convention and to comply in all material aSpeCLi with thc applicable accounting prinoiples in [ndin the ltlccoullIing standards notified under sub-section (3C) of Seotion 211 of the Companies Act 1956 of India (the Acl) and the other rekvallt provisions ([tlle Act
2 ReVelltle Recognition -nle company rcoglli~ [(Venne 011 accrual basis as per the tcrllls of the agreemcnr and on the basis of services rendered_
3 Earnings ptr Share The eanlings considered in ascertanlng the Companys Enmings per Sharc(lOPS) comprised the nct pmtlt(loss) aCtel tax _The number 0 f shares used ill campulig Basic EPS is the weighted average numher of sharc outstanding during the year_ The Humber of shares used in computing Diluted EPg comprises of weighted average shares considered for deriving Basic EPS and also the weighted average number of equity shares which could bave bCll issued to the conversion of all dilutivc patentitllquity snares where applicnblc Diluive potential equity shres are deemed le hi been converted as of the beginning of tile yar unkss UHy have been isSlCltJllt nlater date_
middot1 Taxes on Income Currcnt fa is dotenninea based ill Ihe amOllnt of tax payable ill respect oftaxabk income for the peri(1o_ Deimd lax is recognised (1) liming differences being the difference between the taxable income and accounting income thai originale jll one period and are capable ~f reversal in one or more subsequent periods Deferred tax assels and liabilities m-e computed Oil the timing differenccs applying the enacted tax rates and tax laws that have ben cnacted (lr subsiantively cUKted by the balance sheet daie Deferred tLX assets on account OfUIl11bsorbed depreciation or carry HI)ward of tax losses an recognizcd ouly to the extcnt (hal there is virtual certainty evidence that sufficient future tax im(lme will hI) lvrdlble agains whih such ddirred fax assels call he reiliscd_
II
j (at Contingent Liabilities Rs Nil (raquo Estimatcu Amount ofcontracts n~millJi)1g It be cxcutcd on capital account and not provided lbr (Net of AdVUlCesl _Rs_NfL IMmch
21)10 lh Nil)
2 The ~xpenditure except lhost which arc eiligihk~ Ii ()piralisarion ()f) complelion of C(ll1stnlctiml are charged to Profit and Los mC)l1lt
3 -Ih~ Compauy do not hav any cmph-yees in its paywll- Accordingly the Company docs no hvc any obligation towards any Defined Benefit Plan )r any Defined COTltribIHIOIl Piau as per Accounting Standard (AS) 15 (revised 20(5) bull Employee Benefits
The Company is engaged in property dcvelopment activities which in the context or ~cc()ll1ting Standard 17 Segment Reporting noWled under section 211 (3lt) of the Companies Act 1956 is consillerelti as the only s~gmenL Hence reporting under the requiremeJlts of the said ~illndurd docs 11lt)( arise
GViR UYOERAIIA[) A EROT ROrOLlS LIMITED
snnrHILE - 9 Sigllificll1 ACcoufltillgPolicies llnd Notes to fhe ACCOllllts
Inrticulars
Capital Work In Progres~ Consultancy Expenses Tmvelling and onveyame InlereS OJ Uuceurcd Loans
lp to and as at blJ1 2011
601 amp1685 9958363
46(123
(mlt)Ullt III Rupee) Up to lIud ~s at Mar312010
15022190 3853163
466123
r----- 70606172 19341476
6 Details oftraosacHoos with Related Parties A) Enterprises where C(lTltwl exists
fi) Holding Company
iii lkding companys Holding ltlmpaI1Y
(iiii Ultimnte Holding Company
i IV) FeBa Subsidiary of Holding Company
tv) Fellow Subidiarie
GMR Hyder-abat Intt1nationai Airport Limited (GHIAL)
GMR lnfrasrrwture LimBed (GIL)
GMR Holdings Private Limited (GHPL)
GVL Investments Private Limited GMR Krishnagiri SEl Limited
Hyoerabad Menzies Air Cargo Private Lilllted
GMR Hyderabad AlTport Resourte Manugement Limited Hyderabad Airport Security Services Umited GMR Hydentbad Aviation 3El limited UMR Hyderahad Multiproduct SEZ Limited GMR Airport Handling Services Compmy Limited GMR H(1tels amp Resorts Llmircd
81 [)isdnsurc 1 transactiolli between the mmpan and reialcd pMtks and outstanding balances as at the year end (Amount in Rupxs)
I
Rclatnl PlnVTIan~lIclimlS H)lding Company O1lR Hydembad [ntcrnalional Airport limited
Shan Applicationllloncy Recehed Share Capilnl lotted Reimbursment of Expenses
Fellow Subsidiary MHolding Company GMR Krishnagili SEl Limited
Strvi-~c~ R~t~ivtd
ReimhufSlncnt of Expenses Fellow Subsidiary (-lR Hotels and Resorts Limiled
S~rif~S Rctived
Balance pu)uble (recoverable) OfvR Krishnagiri SEZ Ltd GMR Hyderahad [mcmati(Jrlll Airport Limited
Year ended Mar 3L 201 I Mar 31 20l()
25OOOO(JO
2710710amp
4170751
901587
813amp32 2711)6758
21300JlOO
3321003
3911265
1296003
7
8
GtlR HYUERABiJ AEROTROPOUS LIMITE))
SClIl[)VLE-9 Significant AewuHting Policies ami Notes to the Arcotlllh
Earnings Per Share I EPS)
Particulars Year cndd ~__~____________________________________________+-____~M~a~r31201~____-+______~~~~~~~~_ l Protit(Ioss) after lax (624196) b Weighted average l1umef of Equity Shares of Rs ( each nutstandind 2 i 80000 during the period
c Earnings per shan- Basic (029)
Auditors Rennmernlion
9 Tile Compruly 11a~ not rcc(gmsI-d the deftncd tax asset on cmTid forward losses ns at March 312011 on the hasis ofpnldcncc as per the reqmrements of Accounting Standard AS 22 Acomnting fOf Taxes 011 Income issued by the institute ()f Chartered Accltmntallis )f India
10 Based on the infomllllioll available with the compaJlY there ate llO micro slllall and medium entel1lfises to WllOlll tile company has paid imercsl or any interest payable on out~tandings (under the provision ltfSection 16 1ftht Micw Small and Medium Enterprise Development Act 20(6) during the period March 3 J 2011
I Addilionaiintbrmaliol1 pursuant to paragl aph~ J 4 4-( arid middot1~[) of pan - H of Schedule VI to ilie Companies cL 1956 to the extent ltlither Nil (r 111 Applicahle lut lot been furnished
12 PreViolls YCltII 1gures [Illve b~C1l regrouped and redassil1ed wherever necessary to conform wlboe of the current yc~l
F(middot Bnlbmayya amp Co For and on behalf oflhe Board olDirecwr5 or Fiml Registratioll No 00051iS CMR Hyderabad Aerotropolis Limited Chartereu ACc(luntmIS
Sd~ Sd- Sdf-
G Srjnivas Vikram Jaisinghani C Prasanna
Partn~r Director DirctOf Memhcrship No ()S67[)]
Place Hyderabad Place Hydcmbl1d Place Uyuerabau Dale My 23 2011 Dale May 23 2011 Date Mayn 2011
C
GMR HYDERABAD AEROTROPOLIS LIlllnm
CASH FLO STATEMENT FOR THE YEAR ENDEJ) MARCH JI 20U (AlIlount in Rupees)
For the year ended
Mar31 lOll
For the year ended
Mar 3]2010
A CASH FLOW FROMJ (USED IN) OPERATING ACTIVITIES Net Profit Before Tax (624196) (878532) Auu Prior period expen(s 29(882middot
(587650)(624196) Adjustment f()r
Depreciation 6069 Intangible Asset Written OIT
-25302middot
(556279)Operating loss before working capital chunges t624l96)
Adjustment for working capital changes
([nc-rease) i Decrease in Loans and Advances (545723) IncreaSe (Decrease) in Current LiabHilies and Proisions
0898949)
25543727 21 17543
Net Cash Flow from Operating Acthities 101554243020582
B CASH FLOW FROM (lISED IN) INVESTING ACTIVITIES
Purchase of Fixed Assets Capital Work in Progress (Net) (5 l264J(97) (9460281)
(9Net Cash Flow from Investing Activities (51264697)
CASH FLOW FROVll (USfn IN) FINANCING ACTIVITIES Proceeds from Share Application money 25000000 -
12300000Proceeds from l llotmen1 of Share Capital middot _
12300000Net Cash Flow from Financing Activities 25000000
Net increase in Cash and Cash E(IUivalents (3244114) 3855254
196332Cash lind Cash Equivalents at the beginning of the Period 4051586 I
4051586Cash lind Cash Equivalents nt the end of the Pedod 807473 1
Notes
I The above cash flow slatemem has heen prepared under the lndirect Methud us set out in the Accounting Standard - 3 on Cash Flow Statements issued by the Institute of Chartered Accountants of India
For Brahmayya amp Co Fm and oobchalf of the Board of Directors of Firm Regislralioll No 000515S GMR Hyderabad Aerotrollolis Limited
Chartered Accllililants
Seli- Sd- Sdi-
G Srinivas Vikram Jaisinghani C Prasanna
Partner Director Director Membership Jn 086761 Fluce Place Hyderabad Place tiyderabad Dill May 23 2011 Dale May 2fn I Date May 23 2011
GMR HYDERAHAD AEROTROPOLIS LIMITED
Balance Sheet Abstract And Companys General Business Profile
1
2
3
4
5
Registratiou Details
Registration No 045400AP2007PLC054827 State Code Balance Sheet Date Mar312011
Capital Raised during the year (Amount in Rs Thousands)
Public Issue Nil Rights Issue
Bonus Issue Nil Private Placement
Position of Mobilisation and Development of Funds ( Amount in Rs Thousands)
Total LiabiHties 46800 Total assets
Sources of Funds
Paid - Up Capital 21800 Share Application Maney Reserves amp Surplus Nil Unsecured Loans Secured Loan Nil Grant from GOAP
AI)plieatjon of Funds
Net Fixed Assets 70606 lnvestments Net Current Assets w 25309 Misc Expenditure
iAccumulated Losses 1503
Performance of company ( Amount in Rs Thousands)
Total Income 0 Total Expenditure
Generic Names of Three Principal Products I Services of Company (as pelmiddot monetary terms)
Item Code NCi Product Description
NA NA
01
Nil Nil
46800
25000 Nil Nil
Nil
Nit
-624
POI and on behalf of the Board of Directors of GMR Hyderabad A-rotropolis Limited
Sdi- Sd-
Vikram JlIlsinghani C PraslInna
Director Director
Place Hyderabad Place Hyderabad Date May 23 20 II Date May 23 20 I t
xiv) In our opinion and according to explanations given to us the Company is not a dealer or a trader in Securities Accordingly clause (xiv) of paragraph 4 of the Order is not applicable
xv) According to the information and explanations given to US j the Company has not given any guarantee for loans taken by others from bank or financial institutions Accordingly clause (xv) of paragraph 4 of the Order is not applicable for the year
xvi) According to the information and explanations given to us the Company has not obtained any term loans Accordingly clause (xvi) of paragraph 4 of the Order is not applicable for the year
xvii) Based on the information and explanations given to us and an overall examination of the Balance Sheet of the Company in our opinion there are no funds raised on short term basis which have been used for long term investment
xviii) The company has not made any preferential allotment of shares to parties and companies covered in the register maintained under section 301 of the Act Accordingly clause (xviii) of paragraph 4 of the Order is not applicable for the year
xix) The Company has not issued debentures during the year and accordingly clause (xix) of paragraph 4 of the Order is not appUcable
xx) The Company has not raised any money by public issues during the year and accordingly clause (xx) of paragraph 4 of the Order is not applicable
xxi) During the course of our examination of the books and records of the Company J carried out in accordance with the generally accepted auditing practices in India and according to the information and explanation given to us we have neither come across any instance of the fraud on or by the Company noticed or reported during the year nor have we been informed of such case by the management
For Brahmayya amp Co Firm Reg No 0005155 Chartered Accountants
SdshyGSrinivas
Place Bangalore Partner 23 rdDate May 2011 Membership No 086761
Page 5 of 5
GMR HYDERABAD AEROTROPOLIS LIMITED Balance Sheet as at March 31 2011
As at ar 31 2011
I SOURCES OF FUNDS
1 Shareholders Funds Capital 21800000 21800000
2 ShHrc application money pending allotment 25000000
Total 46800000 218
n APfLlCATION OF HiNDS
1 Fixed Assets 2 (a) Gross Block 37440 tb) Less Depreciation 37440 (c) Net Block Capital Work in Progress 70606]72 19341475 (Refer Note n(5) of Schedule 9) 70606172 19341475
2 Current Assets Loans and Advances (a) Cash and Bank Balances 3 807473 (h) Loans and Advances 4 3625178
443265
Less Current Liabilities and Provisious Current Liabilities 4197824
4197824 5
Net Current Assets (25308900) 1579992
3 Profit amp Luss Account (Debit Balance) 1502728 878532
46800000 2180()OOOTotal
9Significant Accounting Policies and Notes to Accounts
The Schedules referred to above and the notes to accounts form an integral part of the Balance Sheet
This is the Balance Sheet referred to in our report of even date
For Brahmayya amp Co For and on behalrofthe Board of Directors of Firms Registration No 000515S GMR Hydcrahad Acrotropolis Limited Chartered Accountants
SliJ- Sdmiddot Scimiddot G SriniV3S Vikram Jaisinghani e Prasanna Paliner Director Dire tor Membership No 086761
Place Place Hyderabad Place 11yderabad
Date May 23 2011 Date ~tfay 2011 Date May 23201 J
I
GMR HYDERABAD AEROTROPOLlS LIMnED Profit and Loss account for the year ended March 3l 2011
R(Amoun 111 upecs)
Sch For the year ended rended Particulars
Mar 31 2010 r M 31201l
I lncome
Income - -
wTotal [nco me -
11 Expenditure Administrative Expenses 6 617780 578907
Finance Charges 64167
Total Expenses 578907624196
Loss Before Tllx and Pdor Period Items (624196) (578907)
III Provision for Taxation Fringe Benefit Tax 8743 i
Ioss Aftel Tax and Before Prior Period Items (624196) (587650)
IV Prior Period Items Prior Period Items 8 290882-
Loss Aftel Tax lind Prior Period IttlnS (624196) (878532)
Add Balance in Prntll and Loss Account brought [(fiard from preVi()llS year (878532)
Loss Carried Forward to Balance Sheet (1502128) 878S32
EIInings Per Share (Rs) - Basic amp [)iluted (1573) ( Refer iotc II( 6) elf Schedule 91
(029)
Significant Accounting Policies and Notes to Accounts 9
I
The Schedules referred to above and tbe notog ttl accounts form an integral part of the profit and kiSS account
This is the Protlt and Loss Account referred to in our report of even date
For Bnlbmayya amp Co For and 011 behalf of the Board ()f Directors of
Fill11 RegiSlratinll in O()051 is G1HR Hyderahllrl Aerotropolis Limittd Chartcrtd Accountants
Sci- Scimiddot Sdfshy
Srinivas Vikram Jllisinghmi e Prasflllna Partner Director fJirc-ctor fember~hip No 086761
Place Place Hyderabad Place Hyderabad Date May 201 J Date May 23 201 t Date May 23 20ll
W l-lY IWRBI)ER01ROPOUS LIMITED Iw( 111middot forminf~ part of tlw Balance Sheet as at Ivlarch H 20 i [
- - I ~ t
GMR Hyderabad AerotropolisLimited Schedules forming part of the Balance Sheet as at March12011 SCHEDULE-2 Fixed Assets
gt0 _ 1---
Goss Block
As atDescription
Additions April Ol 2010
Software - -----shy
Grand Total - -Capital Work in Progress 19341476 51264696
NOIt1l (5) qfSchedule 9) March 31 2010 37440 -
As at
Deletions Mar3l2011
- -
~ -
70606J 72
~-
37440 -
Depreciation Net Block
As at For the On
As at As at As at
April 01 2010 Period Deletions Mar 31 20U Mar 312011 Mar 31 2010 ---- shy
- - - --
- - - - -70606172 19341476
6069 - ~5302 37440 - ----shy
GMR HYDERABAD AEROTROPOUS LIMITED Schedules forming part ofthc Balance Sheet as at March 31 2011
(Amount in Rupees)
SCHEDULE-3 As at Mar 312011
As at Mar 31 2010
Cash and Bank Balances Balances with Scheduled Banks
in Current Accounts 807473 4051586
807473 4051586
(Amount in Rupees)
SCHEDULE~4 As at Mar 312011
As at Mar31 tOl0
Loans and Advances (Unsecured considered good)
Advances recoverable in cash 01 in kind or for value to be received
Service tax input credit -
3625178
-1726230
3625178 1726230
(Amount in Rupees)
SCHEDUlE-S As at Mar 31 lOll
As at Mar312010
Current Liabilities and PrOllsions Current Liabilities
Sundry Creditors
Due ro Micro small and Medium Enterprises Due to other than Micro small and Medium Enterprises
Other Liabilities
-29667961
73590
29741551
-3575673
622151
4197824
Refer Note II (10) of Schedule 9
(iMR HYDERABAD AEROTROPOLIS LIMITED Scbedules forming part of the Profit and Loss account for the year ended March 3 t 2011
(Amount in Rupees)
SCHEDULE-6 For the year ended
For tbe year ended
Mar 312011 Mar 312010
Administrative Expenses
Rates and taxes Communication Expenses Travel expenses Consultancy Expenses Remuneration to Auditors
Audit Fce Printing and Stationary expenses Foreign Exchange Loss Intangible Asset Written off Depreciation Other exp
5180 9444
10365 53929
50000 4675 1173
483013
422303 900
28502
50000 45781
-25302 6069
-617780 578857
(Amount in Rupees)
SCHEDULE -7 For the year ended
Mar 31 2011 For the year ended
Mar 312010
Finance Charges
Finance Charges 6416 50
6416 50
(Amount in Rupees)
SCHEDULE-8
Prior Period Items
Rates and taxes Consultancy Expenses Audit Fee Printing and Stationary expenses Finance Charges Miscellaneous Expenses Depreciation Preliminary expenses
For the year ended
Mar3120U For the
5485 18500
150000
Ll98 175
88135 6069
21320
290882
GlHR HYIlERABD AEROTR(JPOUS UMITED
SCHIWllU - ) Significant Accounting Polides and Iotes to the Accounts
DrsiCription of Business
The c)mpmy Wl~ incnrporated on 18th Jul 2007 as a Wholly owned subsidiary ofGMR Hyderabud International Airpvrt limited_ The main objectiyc of tile company is to engage in the bllsines50fprl1peny development actiitcs ill and around the new Hyderabad illlcrnalional flirpmt at 8hillTlshabnd_
I Significant Accounting Policies
Cl()lnting Asslimptimls
The final1ci~1 stntcmems are prepared In accordance wllh the historical C-OS convention and to comply in all material aSpeCLi with thc applicable accounting prinoiples in [ndin the ltlccoullIing standards notified under sub-section (3C) of Seotion 211 of the Companies Act 1956 of India (the Acl) and the other rekvallt provisions ([tlle Act
2 ReVelltle Recognition -nle company rcoglli~ [(Venne 011 accrual basis as per the tcrllls of the agreemcnr and on the basis of services rendered_
3 Earnings ptr Share The eanlings considered in ascertanlng the Companys Enmings per Sharc(lOPS) comprised the nct pmtlt(loss) aCtel tax _The number 0 f shares used ill campulig Basic EPS is the weighted average numher of sharc outstanding during the year_ The Humber of shares used in computing Diluted EPg comprises of weighted average shares considered for deriving Basic EPS and also the weighted average number of equity shares which could bave bCll issued to the conversion of all dilutivc patentitllquity snares where applicnblc Diluive potential equity shres are deemed le hi been converted as of the beginning of tile yar unkss UHy have been isSlCltJllt nlater date_
middot1 Taxes on Income Currcnt fa is dotenninea based ill Ihe amOllnt of tax payable ill respect oftaxabk income for the peri(1o_ Deimd lax is recognised (1) liming differences being the difference between the taxable income and accounting income thai originale jll one period and are capable ~f reversal in one or more subsequent periods Deferred tax assels and liabilities m-e computed Oil the timing differenccs applying the enacted tax rates and tax laws that have ben cnacted (lr subsiantively cUKted by the balance sheet daie Deferred tLX assets on account OfUIl11bsorbed depreciation or carry HI)ward of tax losses an recognizcd ouly to the extcnt (hal there is virtual certainty evidence that sufficient future tax im(lme will hI) lvrdlble agains whih such ddirred fax assels call he reiliscd_
II
j (at Contingent Liabilities Rs Nil (raquo Estimatcu Amount ofcontracts n~millJi)1g It be cxcutcd on capital account and not provided lbr (Net of AdVUlCesl _Rs_NfL IMmch
21)10 lh Nil)
2 The ~xpenditure except lhost which arc eiligihk~ Ii ()piralisarion ()f) complelion of C(ll1stnlctiml are charged to Profit and Los mC)l1lt
3 -Ih~ Compauy do not hav any cmph-yees in its paywll- Accordingly the Company docs no hvc any obligation towards any Defined Benefit Plan )r any Defined COTltribIHIOIl Piau as per Accounting Standard (AS) 15 (revised 20(5) bull Employee Benefits
The Company is engaged in property dcvelopment activities which in the context or ~cc()ll1ting Standard 17 Segment Reporting noWled under section 211 (3lt) of the Companies Act 1956 is consillerelti as the only s~gmenL Hence reporting under the requiremeJlts of the said ~illndurd docs 11lt)( arise
GViR UYOERAIIA[) A EROT ROrOLlS LIMITED
snnrHILE - 9 Sigllificll1 ACcoufltillgPolicies llnd Notes to fhe ACCOllllts
Inrticulars
Capital Work In Progres~ Consultancy Expenses Tmvelling and onveyame InlereS OJ Uuceurcd Loans
lp to and as at blJ1 2011
601 amp1685 9958363
46(123
(mlt)Ullt III Rupee) Up to lIud ~s at Mar312010
15022190 3853163
466123
r----- 70606172 19341476
6 Details oftraosacHoos with Related Parties A) Enterprises where C(lTltwl exists
fi) Holding Company
iii lkding companys Holding ltlmpaI1Y
(iiii Ultimnte Holding Company
i IV) FeBa Subsidiary of Holding Company
tv) Fellow Subidiarie
GMR Hyder-abat Intt1nationai Airport Limited (GHIAL)
GMR lnfrasrrwture LimBed (GIL)
GMR Holdings Private Limited (GHPL)
GVL Investments Private Limited GMR Krishnagiri SEl Limited
Hyoerabad Menzies Air Cargo Private Lilllted
GMR Hyderabad AlTport Resourte Manugement Limited Hyderabad Airport Security Services Umited GMR Hydentbad Aviation 3El limited UMR Hyderahad Multiproduct SEZ Limited GMR Airport Handling Services Compmy Limited GMR H(1tels amp Resorts Llmircd
81 [)isdnsurc 1 transactiolli between the mmpan and reialcd pMtks and outstanding balances as at the year end (Amount in Rupxs)
I
Rclatnl PlnVTIan~lIclimlS H)lding Company O1lR Hydembad [ntcrnalional Airport limited
Shan Applicationllloncy Recehed Share Capilnl lotted Reimbursment of Expenses
Fellow Subsidiary MHolding Company GMR Krishnagili SEl Limited
Strvi-~c~ R~t~ivtd
ReimhufSlncnt of Expenses Fellow Subsidiary (-lR Hotels and Resorts Limiled
S~rif~S Rctived
Balance pu)uble (recoverable) OfvR Krishnagiri SEZ Ltd GMR Hyderahad [mcmati(Jrlll Airport Limited
Year ended Mar 3L 201 I Mar 31 20l()
25OOOO(JO
2710710amp
4170751
901587
813amp32 2711)6758
21300JlOO
3321003
3911265
1296003
7
8
GtlR HYUERABiJ AEROTROPOUS LIMITE))
SClIl[)VLE-9 Significant AewuHting Policies ami Notes to the Arcotlllh
Earnings Per Share I EPS)
Particulars Year cndd ~__~____________________________________________+-____~M~a~r31201~____-+______~~~~~~~~_ l Protit(Ioss) after lax (624196) b Weighted average l1umef of Equity Shares of Rs ( each nutstandind 2 i 80000 during the period
c Earnings per shan- Basic (029)
Auditors Rennmernlion
9 Tile Compruly 11a~ not rcc(gmsI-d the deftncd tax asset on cmTid forward losses ns at March 312011 on the hasis ofpnldcncc as per the reqmrements of Accounting Standard AS 22 Acomnting fOf Taxes 011 Income issued by the institute ()f Chartered Accltmntallis )f India
10 Based on the infomllllioll available with the compaJlY there ate llO micro slllall and medium entel1lfises to WllOlll tile company has paid imercsl or any interest payable on out~tandings (under the provision ltfSection 16 1ftht Micw Small and Medium Enterprise Development Act 20(6) during the period March 3 J 2011
I Addilionaiintbrmaliol1 pursuant to paragl aph~ J 4 4-( arid middot1~[) of pan - H of Schedule VI to ilie Companies cL 1956 to the extent ltlither Nil (r 111 Applicahle lut lot been furnished
12 PreViolls YCltII 1gures [Illve b~C1l regrouped and redassil1ed wherever necessary to conform wlboe of the current yc~l
F(middot Bnlbmayya amp Co For and on behalf oflhe Board olDirecwr5 or Fiml Registratioll No 00051iS CMR Hyderabad Aerotropolis Limited Chartereu ACc(luntmIS
Sd~ Sd- Sdf-
G Srjnivas Vikram Jaisinghani C Prasanna
Partn~r Director DirctOf Memhcrship No ()S67[)]
Place Hyderabad Place Hydcmbl1d Place Uyuerabau Dale My 23 2011 Dale May 23 2011 Date Mayn 2011
C
GMR HYDERABAD AEROTROPOLIS LIlllnm
CASH FLO STATEMENT FOR THE YEAR ENDEJ) MARCH JI 20U (AlIlount in Rupees)
For the year ended
Mar31 lOll
For the year ended
Mar 3]2010
A CASH FLOW FROMJ (USED IN) OPERATING ACTIVITIES Net Profit Before Tax (624196) (878532) Auu Prior period expen(s 29(882middot
(587650)(624196) Adjustment f()r
Depreciation 6069 Intangible Asset Written OIT
-25302middot
(556279)Operating loss before working capital chunges t624l96)
Adjustment for working capital changes
([nc-rease) i Decrease in Loans and Advances (545723) IncreaSe (Decrease) in Current LiabHilies and Proisions
0898949)
25543727 21 17543
Net Cash Flow from Operating Acthities 101554243020582
B CASH FLOW FROM (lISED IN) INVESTING ACTIVITIES
Purchase of Fixed Assets Capital Work in Progress (Net) (5 l264J(97) (9460281)
(9Net Cash Flow from Investing Activities (51264697)
CASH FLOW FROVll (USfn IN) FINANCING ACTIVITIES Proceeds from Share Application money 25000000 -
12300000Proceeds from l llotmen1 of Share Capital middot _
12300000Net Cash Flow from Financing Activities 25000000
Net increase in Cash and Cash E(IUivalents (3244114) 3855254
196332Cash lind Cash Equivalents at the beginning of the Period 4051586 I
4051586Cash lind Cash Equivalents nt the end of the Pedod 807473 1
Notes
I The above cash flow slatemem has heen prepared under the lndirect Methud us set out in the Accounting Standard - 3 on Cash Flow Statements issued by the Institute of Chartered Accountants of India
For Brahmayya amp Co Fm and oobchalf of the Board of Directors of Firm Regislralioll No 000515S GMR Hyderabad Aerotrollolis Limited
Chartered Accllililants
Seli- Sd- Sdi-
G Srinivas Vikram Jaisinghani C Prasanna
Partner Director Director Membership Jn 086761 Fluce Place Hyderabad Place tiyderabad Dill May 23 2011 Dale May 2fn I Date May 23 2011
GMR HYDERAHAD AEROTROPOLIS LIMITED
Balance Sheet Abstract And Companys General Business Profile
1
2
3
4
5
Registratiou Details
Registration No 045400AP2007PLC054827 State Code Balance Sheet Date Mar312011
Capital Raised during the year (Amount in Rs Thousands)
Public Issue Nil Rights Issue
Bonus Issue Nil Private Placement
Position of Mobilisation and Development of Funds ( Amount in Rs Thousands)
Total LiabiHties 46800 Total assets
Sources of Funds
Paid - Up Capital 21800 Share Application Maney Reserves amp Surplus Nil Unsecured Loans Secured Loan Nil Grant from GOAP
AI)plieatjon of Funds
Net Fixed Assets 70606 lnvestments Net Current Assets w 25309 Misc Expenditure
iAccumulated Losses 1503
Performance of company ( Amount in Rs Thousands)
Total Income 0 Total Expenditure
Generic Names of Three Principal Products I Services of Company (as pelmiddot monetary terms)
Item Code NCi Product Description
NA NA
01
Nil Nil
46800
25000 Nil Nil
Nil
Nit
-624
POI and on behalf of the Board of Directors of GMR Hyderabad A-rotropolis Limited
Sdi- Sd-
Vikram JlIlsinghani C PraslInna
Director Director
Place Hyderabad Place Hyderabad Date May 23 20 II Date May 23 20 I t
GMR HYDERABAD AEROTROPOLIS LIMITED Balance Sheet as at March 31 2011
As at ar 31 2011
I SOURCES OF FUNDS
1 Shareholders Funds Capital 21800000 21800000
2 ShHrc application money pending allotment 25000000
Total 46800000 218
n APfLlCATION OF HiNDS
1 Fixed Assets 2 (a) Gross Block 37440 tb) Less Depreciation 37440 (c) Net Block Capital Work in Progress 70606]72 19341475 (Refer Note n(5) of Schedule 9) 70606172 19341475
2 Current Assets Loans and Advances (a) Cash and Bank Balances 3 807473 (h) Loans and Advances 4 3625178
443265
Less Current Liabilities and Provisious Current Liabilities 4197824
4197824 5
Net Current Assets (25308900) 1579992
3 Profit amp Luss Account (Debit Balance) 1502728 878532
46800000 2180()OOOTotal
9Significant Accounting Policies and Notes to Accounts
The Schedules referred to above and the notes to accounts form an integral part of the Balance Sheet
This is the Balance Sheet referred to in our report of even date
For Brahmayya amp Co For and on behalrofthe Board of Directors of Firms Registration No 000515S GMR Hydcrahad Acrotropolis Limited Chartered Accountants
SliJ- Sdmiddot Scimiddot G SriniV3S Vikram Jaisinghani e Prasanna Paliner Director Dire tor Membership No 086761
Place Place Hyderabad Place 11yderabad
Date May 23 2011 Date ~tfay 2011 Date May 23201 J
I
GMR HYDERABAD AEROTROPOLlS LIMnED Profit and Loss account for the year ended March 3l 2011
R(Amoun 111 upecs)
Sch For the year ended rended Particulars
Mar 31 2010 r M 31201l
I lncome
Income - -
wTotal [nco me -
11 Expenditure Administrative Expenses 6 617780 578907
Finance Charges 64167
Total Expenses 578907624196
Loss Before Tllx and Pdor Period Items (624196) (578907)
III Provision for Taxation Fringe Benefit Tax 8743 i
Ioss Aftel Tax and Before Prior Period Items (624196) (587650)
IV Prior Period Items Prior Period Items 8 290882-
Loss Aftel Tax lind Prior Period IttlnS (624196) (878532)
Add Balance in Prntll and Loss Account brought [(fiard from preVi()llS year (878532)
Loss Carried Forward to Balance Sheet (1502128) 878S32
EIInings Per Share (Rs) - Basic amp [)iluted (1573) ( Refer iotc II( 6) elf Schedule 91
(029)
Significant Accounting Policies and Notes to Accounts 9
I
The Schedules referred to above and tbe notog ttl accounts form an integral part of the profit and kiSS account
This is the Protlt and Loss Account referred to in our report of even date
For Bnlbmayya amp Co For and 011 behalf of the Board ()f Directors of
Fill11 RegiSlratinll in O()051 is G1HR Hyderahllrl Aerotropolis Limittd Chartcrtd Accountants
Sci- Scimiddot Sdfshy
Srinivas Vikram Jllisinghmi e Prasflllna Partner Director fJirc-ctor fember~hip No 086761
Place Place Hyderabad Place Hyderabad Date May 201 J Date May 23 201 t Date May 23 20ll
W l-lY IWRBI)ER01ROPOUS LIMITED Iw( 111middot forminf~ part of tlw Balance Sheet as at Ivlarch H 20 i [
- - I ~ t
GMR Hyderabad AerotropolisLimited Schedules forming part of the Balance Sheet as at March12011 SCHEDULE-2 Fixed Assets
gt0 _ 1---
Goss Block
As atDescription
Additions April Ol 2010
Software - -----shy
Grand Total - -Capital Work in Progress 19341476 51264696
NOIt1l (5) qfSchedule 9) March 31 2010 37440 -
As at
Deletions Mar3l2011
- -
~ -
70606J 72
~-
37440 -
Depreciation Net Block
As at For the On
As at As at As at
April 01 2010 Period Deletions Mar 31 20U Mar 312011 Mar 31 2010 ---- shy
- - - --
- - - - -70606172 19341476
6069 - ~5302 37440 - ----shy
GMR HYDERABAD AEROTROPOUS LIMITED Schedules forming part ofthc Balance Sheet as at March 31 2011
(Amount in Rupees)
SCHEDULE-3 As at Mar 312011
As at Mar 31 2010
Cash and Bank Balances Balances with Scheduled Banks
in Current Accounts 807473 4051586
807473 4051586
(Amount in Rupees)
SCHEDULE~4 As at Mar 312011
As at Mar31 tOl0
Loans and Advances (Unsecured considered good)
Advances recoverable in cash 01 in kind or for value to be received
Service tax input credit -
3625178
-1726230
3625178 1726230
(Amount in Rupees)
SCHEDUlE-S As at Mar 31 lOll
As at Mar312010
Current Liabilities and PrOllsions Current Liabilities
Sundry Creditors
Due ro Micro small and Medium Enterprises Due to other than Micro small and Medium Enterprises
Other Liabilities
-29667961
73590
29741551
-3575673
622151
4197824
Refer Note II (10) of Schedule 9
(iMR HYDERABAD AEROTROPOLIS LIMITED Scbedules forming part of the Profit and Loss account for the year ended March 3 t 2011
(Amount in Rupees)
SCHEDULE-6 For the year ended
For tbe year ended
Mar 312011 Mar 312010
Administrative Expenses
Rates and taxes Communication Expenses Travel expenses Consultancy Expenses Remuneration to Auditors
Audit Fce Printing and Stationary expenses Foreign Exchange Loss Intangible Asset Written off Depreciation Other exp
5180 9444
10365 53929
50000 4675 1173
483013
422303 900
28502
50000 45781
-25302 6069
-617780 578857
(Amount in Rupees)
SCHEDULE -7 For the year ended
Mar 31 2011 For the year ended
Mar 312010
Finance Charges
Finance Charges 6416 50
6416 50
(Amount in Rupees)
SCHEDULE-8
Prior Period Items
Rates and taxes Consultancy Expenses Audit Fee Printing and Stationary expenses Finance Charges Miscellaneous Expenses Depreciation Preliminary expenses
For the year ended
Mar3120U For the
5485 18500
150000
Ll98 175
88135 6069
21320
290882
GlHR HYIlERABD AEROTR(JPOUS UMITED
SCHIWllU - ) Significant Accounting Polides and Iotes to the Accounts
DrsiCription of Business
The c)mpmy Wl~ incnrporated on 18th Jul 2007 as a Wholly owned subsidiary ofGMR Hyderabud International Airpvrt limited_ The main objectiyc of tile company is to engage in the bllsines50fprl1peny development actiitcs ill and around the new Hyderabad illlcrnalional flirpmt at 8hillTlshabnd_
I Significant Accounting Policies
Cl()lnting Asslimptimls
The final1ci~1 stntcmems are prepared In accordance wllh the historical C-OS convention and to comply in all material aSpeCLi with thc applicable accounting prinoiples in [ndin the ltlccoullIing standards notified under sub-section (3C) of Seotion 211 of the Companies Act 1956 of India (the Acl) and the other rekvallt provisions ([tlle Act
2 ReVelltle Recognition -nle company rcoglli~ [(Venne 011 accrual basis as per the tcrllls of the agreemcnr and on the basis of services rendered_
3 Earnings ptr Share The eanlings considered in ascertanlng the Companys Enmings per Sharc(lOPS) comprised the nct pmtlt(loss) aCtel tax _The number 0 f shares used ill campulig Basic EPS is the weighted average numher of sharc outstanding during the year_ The Humber of shares used in computing Diluted EPg comprises of weighted average shares considered for deriving Basic EPS and also the weighted average number of equity shares which could bave bCll issued to the conversion of all dilutivc patentitllquity snares where applicnblc Diluive potential equity shres are deemed le hi been converted as of the beginning of tile yar unkss UHy have been isSlCltJllt nlater date_
middot1 Taxes on Income Currcnt fa is dotenninea based ill Ihe amOllnt of tax payable ill respect oftaxabk income for the peri(1o_ Deimd lax is recognised (1) liming differences being the difference between the taxable income and accounting income thai originale jll one period and are capable ~f reversal in one or more subsequent periods Deferred tax assels and liabilities m-e computed Oil the timing differenccs applying the enacted tax rates and tax laws that have ben cnacted (lr subsiantively cUKted by the balance sheet daie Deferred tLX assets on account OfUIl11bsorbed depreciation or carry HI)ward of tax losses an recognizcd ouly to the extcnt (hal there is virtual certainty evidence that sufficient future tax im(lme will hI) lvrdlble agains whih such ddirred fax assels call he reiliscd_
II
j (at Contingent Liabilities Rs Nil (raquo Estimatcu Amount ofcontracts n~millJi)1g It be cxcutcd on capital account and not provided lbr (Net of AdVUlCesl _Rs_NfL IMmch
21)10 lh Nil)
2 The ~xpenditure except lhost which arc eiligihk~ Ii ()piralisarion ()f) complelion of C(ll1stnlctiml are charged to Profit and Los mC)l1lt
3 -Ih~ Compauy do not hav any cmph-yees in its paywll- Accordingly the Company docs no hvc any obligation towards any Defined Benefit Plan )r any Defined COTltribIHIOIl Piau as per Accounting Standard (AS) 15 (revised 20(5) bull Employee Benefits
The Company is engaged in property dcvelopment activities which in the context or ~cc()ll1ting Standard 17 Segment Reporting noWled under section 211 (3lt) of the Companies Act 1956 is consillerelti as the only s~gmenL Hence reporting under the requiremeJlts of the said ~illndurd docs 11lt)( arise
GViR UYOERAIIA[) A EROT ROrOLlS LIMITED
snnrHILE - 9 Sigllificll1 ACcoufltillgPolicies llnd Notes to fhe ACCOllllts
Inrticulars
Capital Work In Progres~ Consultancy Expenses Tmvelling and onveyame InlereS OJ Uuceurcd Loans
lp to and as at blJ1 2011
601 amp1685 9958363
46(123
(mlt)Ullt III Rupee) Up to lIud ~s at Mar312010
15022190 3853163
466123
r----- 70606172 19341476
6 Details oftraosacHoos with Related Parties A) Enterprises where C(lTltwl exists
fi) Holding Company
iii lkding companys Holding ltlmpaI1Y
(iiii Ultimnte Holding Company
i IV) FeBa Subsidiary of Holding Company
tv) Fellow Subidiarie
GMR Hyder-abat Intt1nationai Airport Limited (GHIAL)
GMR lnfrasrrwture LimBed (GIL)
GMR Holdings Private Limited (GHPL)
GVL Investments Private Limited GMR Krishnagiri SEl Limited
Hyoerabad Menzies Air Cargo Private Lilllted
GMR Hyderabad AlTport Resourte Manugement Limited Hyderabad Airport Security Services Umited GMR Hydentbad Aviation 3El limited UMR Hyderahad Multiproduct SEZ Limited GMR Airport Handling Services Compmy Limited GMR H(1tels amp Resorts Llmircd
81 [)isdnsurc 1 transactiolli between the mmpan and reialcd pMtks and outstanding balances as at the year end (Amount in Rupxs)
I
Rclatnl PlnVTIan~lIclimlS H)lding Company O1lR Hydembad [ntcrnalional Airport limited
Shan Applicationllloncy Recehed Share Capilnl lotted Reimbursment of Expenses
Fellow Subsidiary MHolding Company GMR Krishnagili SEl Limited
Strvi-~c~ R~t~ivtd
ReimhufSlncnt of Expenses Fellow Subsidiary (-lR Hotels and Resorts Limiled
S~rif~S Rctived
Balance pu)uble (recoverable) OfvR Krishnagiri SEZ Ltd GMR Hyderahad [mcmati(Jrlll Airport Limited
Year ended Mar 3L 201 I Mar 31 20l()
25OOOO(JO
2710710amp
4170751
901587
813amp32 2711)6758
21300JlOO
3321003
3911265
1296003
7
8
GtlR HYUERABiJ AEROTROPOUS LIMITE))
SClIl[)VLE-9 Significant AewuHting Policies ami Notes to the Arcotlllh
Earnings Per Share I EPS)
Particulars Year cndd ~__~____________________________________________+-____~M~a~r31201~____-+______~~~~~~~~_ l Protit(Ioss) after lax (624196) b Weighted average l1umef of Equity Shares of Rs ( each nutstandind 2 i 80000 during the period
c Earnings per shan- Basic (029)
Auditors Rennmernlion
9 Tile Compruly 11a~ not rcc(gmsI-d the deftncd tax asset on cmTid forward losses ns at March 312011 on the hasis ofpnldcncc as per the reqmrements of Accounting Standard AS 22 Acomnting fOf Taxes 011 Income issued by the institute ()f Chartered Accltmntallis )f India
10 Based on the infomllllioll available with the compaJlY there ate llO micro slllall and medium entel1lfises to WllOlll tile company has paid imercsl or any interest payable on out~tandings (under the provision ltfSection 16 1ftht Micw Small and Medium Enterprise Development Act 20(6) during the period March 3 J 2011
I Addilionaiintbrmaliol1 pursuant to paragl aph~ J 4 4-( arid middot1~[) of pan - H of Schedule VI to ilie Companies cL 1956 to the extent ltlither Nil (r 111 Applicahle lut lot been furnished
12 PreViolls YCltII 1gures [Illve b~C1l regrouped and redassil1ed wherever necessary to conform wlboe of the current yc~l
F(middot Bnlbmayya amp Co For and on behalf oflhe Board olDirecwr5 or Fiml Registratioll No 00051iS CMR Hyderabad Aerotropolis Limited Chartereu ACc(luntmIS
Sd~ Sd- Sdf-
G Srjnivas Vikram Jaisinghani C Prasanna
Partn~r Director DirctOf Memhcrship No ()S67[)]
Place Hyderabad Place Hydcmbl1d Place Uyuerabau Dale My 23 2011 Dale May 23 2011 Date Mayn 2011
C
GMR HYDERABAD AEROTROPOLIS LIlllnm
CASH FLO STATEMENT FOR THE YEAR ENDEJ) MARCH JI 20U (AlIlount in Rupees)
For the year ended
Mar31 lOll
For the year ended
Mar 3]2010
A CASH FLOW FROMJ (USED IN) OPERATING ACTIVITIES Net Profit Before Tax (624196) (878532) Auu Prior period expen(s 29(882middot
(587650)(624196) Adjustment f()r
Depreciation 6069 Intangible Asset Written OIT
-25302middot
(556279)Operating loss before working capital chunges t624l96)
Adjustment for working capital changes
([nc-rease) i Decrease in Loans and Advances (545723) IncreaSe (Decrease) in Current LiabHilies and Proisions
0898949)
25543727 21 17543
Net Cash Flow from Operating Acthities 101554243020582
B CASH FLOW FROM (lISED IN) INVESTING ACTIVITIES
Purchase of Fixed Assets Capital Work in Progress (Net) (5 l264J(97) (9460281)
(9Net Cash Flow from Investing Activities (51264697)
CASH FLOW FROVll (USfn IN) FINANCING ACTIVITIES Proceeds from Share Application money 25000000 -
12300000Proceeds from l llotmen1 of Share Capital middot _
12300000Net Cash Flow from Financing Activities 25000000
Net increase in Cash and Cash E(IUivalents (3244114) 3855254
196332Cash lind Cash Equivalents at the beginning of the Period 4051586 I
4051586Cash lind Cash Equivalents nt the end of the Pedod 807473 1
Notes
I The above cash flow slatemem has heen prepared under the lndirect Methud us set out in the Accounting Standard - 3 on Cash Flow Statements issued by the Institute of Chartered Accountants of India
For Brahmayya amp Co Fm and oobchalf of the Board of Directors of Firm Regislralioll No 000515S GMR Hyderabad Aerotrollolis Limited
Chartered Accllililants
Seli- Sd- Sdi-
G Srinivas Vikram Jaisinghani C Prasanna
Partner Director Director Membership Jn 086761 Fluce Place Hyderabad Place tiyderabad Dill May 23 2011 Dale May 2fn I Date May 23 2011
GMR HYDERAHAD AEROTROPOLIS LIMITED
Balance Sheet Abstract And Companys General Business Profile
1
2
3
4
5
Registratiou Details
Registration No 045400AP2007PLC054827 State Code Balance Sheet Date Mar312011
Capital Raised during the year (Amount in Rs Thousands)
Public Issue Nil Rights Issue
Bonus Issue Nil Private Placement
Position of Mobilisation and Development of Funds ( Amount in Rs Thousands)
Total LiabiHties 46800 Total assets
Sources of Funds
Paid - Up Capital 21800 Share Application Maney Reserves amp Surplus Nil Unsecured Loans Secured Loan Nil Grant from GOAP
AI)plieatjon of Funds
Net Fixed Assets 70606 lnvestments Net Current Assets w 25309 Misc Expenditure
iAccumulated Losses 1503
Performance of company ( Amount in Rs Thousands)
Total Income 0 Total Expenditure
Generic Names of Three Principal Products I Services of Company (as pelmiddot monetary terms)
Item Code NCi Product Description
NA NA
01
Nil Nil
46800
25000 Nil Nil
Nil
Nit
-624
POI and on behalf of the Board of Directors of GMR Hyderabad A-rotropolis Limited
Sdi- Sd-
Vikram JlIlsinghani C PraslInna
Director Director
Place Hyderabad Place Hyderabad Date May 23 20 II Date May 23 20 I t
I
GMR HYDERABAD AEROTROPOLlS LIMnED Profit and Loss account for the year ended March 3l 2011
R(Amoun 111 upecs)
Sch For the year ended rended Particulars
Mar 31 2010 r M 31201l
I lncome
Income - -
wTotal [nco me -
11 Expenditure Administrative Expenses 6 617780 578907
Finance Charges 64167
Total Expenses 578907624196
Loss Before Tllx and Pdor Period Items (624196) (578907)
III Provision for Taxation Fringe Benefit Tax 8743 i
Ioss Aftel Tax and Before Prior Period Items (624196) (587650)
IV Prior Period Items Prior Period Items 8 290882-
Loss Aftel Tax lind Prior Period IttlnS (624196) (878532)
Add Balance in Prntll and Loss Account brought [(fiard from preVi()llS year (878532)
Loss Carried Forward to Balance Sheet (1502128) 878S32
EIInings Per Share (Rs) - Basic amp [)iluted (1573) ( Refer iotc II( 6) elf Schedule 91
(029)
Significant Accounting Policies and Notes to Accounts 9
I
The Schedules referred to above and tbe notog ttl accounts form an integral part of the profit and kiSS account
This is the Protlt and Loss Account referred to in our report of even date
For Bnlbmayya amp Co For and 011 behalf of the Board ()f Directors of
Fill11 RegiSlratinll in O()051 is G1HR Hyderahllrl Aerotropolis Limittd Chartcrtd Accountants
Sci- Scimiddot Sdfshy
Srinivas Vikram Jllisinghmi e Prasflllna Partner Director fJirc-ctor fember~hip No 086761
Place Place Hyderabad Place Hyderabad Date May 201 J Date May 23 201 t Date May 23 20ll
W l-lY IWRBI)ER01ROPOUS LIMITED Iw( 111middot forminf~ part of tlw Balance Sheet as at Ivlarch H 20 i [
- - I ~ t
GMR Hyderabad AerotropolisLimited Schedules forming part of the Balance Sheet as at March12011 SCHEDULE-2 Fixed Assets
gt0 _ 1---
Goss Block
As atDescription
Additions April Ol 2010
Software - -----shy
Grand Total - -Capital Work in Progress 19341476 51264696
NOIt1l (5) qfSchedule 9) March 31 2010 37440 -
As at
Deletions Mar3l2011
- -
~ -
70606J 72
~-
37440 -
Depreciation Net Block
As at For the On
As at As at As at
April 01 2010 Period Deletions Mar 31 20U Mar 312011 Mar 31 2010 ---- shy
- - - --
- - - - -70606172 19341476
6069 - ~5302 37440 - ----shy
GMR HYDERABAD AEROTROPOUS LIMITED Schedules forming part ofthc Balance Sheet as at March 31 2011
(Amount in Rupees)
SCHEDULE-3 As at Mar 312011
As at Mar 31 2010
Cash and Bank Balances Balances with Scheduled Banks
in Current Accounts 807473 4051586
807473 4051586
(Amount in Rupees)
SCHEDULE~4 As at Mar 312011
As at Mar31 tOl0
Loans and Advances (Unsecured considered good)
Advances recoverable in cash 01 in kind or for value to be received
Service tax input credit -
3625178
-1726230
3625178 1726230
(Amount in Rupees)
SCHEDUlE-S As at Mar 31 lOll
As at Mar312010
Current Liabilities and PrOllsions Current Liabilities
Sundry Creditors
Due ro Micro small and Medium Enterprises Due to other than Micro small and Medium Enterprises
Other Liabilities
-29667961
73590
29741551
-3575673
622151
4197824
Refer Note II (10) of Schedule 9
(iMR HYDERABAD AEROTROPOLIS LIMITED Scbedules forming part of the Profit and Loss account for the year ended March 3 t 2011
(Amount in Rupees)
SCHEDULE-6 For the year ended
For tbe year ended
Mar 312011 Mar 312010
Administrative Expenses
Rates and taxes Communication Expenses Travel expenses Consultancy Expenses Remuneration to Auditors
Audit Fce Printing and Stationary expenses Foreign Exchange Loss Intangible Asset Written off Depreciation Other exp
5180 9444
10365 53929
50000 4675 1173
483013
422303 900
28502
50000 45781
-25302 6069
-617780 578857
(Amount in Rupees)
SCHEDULE -7 For the year ended
Mar 31 2011 For the year ended
Mar 312010
Finance Charges
Finance Charges 6416 50
6416 50
(Amount in Rupees)
SCHEDULE-8
Prior Period Items
Rates and taxes Consultancy Expenses Audit Fee Printing and Stationary expenses Finance Charges Miscellaneous Expenses Depreciation Preliminary expenses
For the year ended
Mar3120U For the
5485 18500
150000
Ll98 175
88135 6069
21320
290882
GlHR HYIlERABD AEROTR(JPOUS UMITED
SCHIWllU - ) Significant Accounting Polides and Iotes to the Accounts
DrsiCription of Business
The c)mpmy Wl~ incnrporated on 18th Jul 2007 as a Wholly owned subsidiary ofGMR Hyderabud International Airpvrt limited_ The main objectiyc of tile company is to engage in the bllsines50fprl1peny development actiitcs ill and around the new Hyderabad illlcrnalional flirpmt at 8hillTlshabnd_
I Significant Accounting Policies
Cl()lnting Asslimptimls
The final1ci~1 stntcmems are prepared In accordance wllh the historical C-OS convention and to comply in all material aSpeCLi with thc applicable accounting prinoiples in [ndin the ltlccoullIing standards notified under sub-section (3C) of Seotion 211 of the Companies Act 1956 of India (the Acl) and the other rekvallt provisions ([tlle Act
2 ReVelltle Recognition -nle company rcoglli~ [(Venne 011 accrual basis as per the tcrllls of the agreemcnr and on the basis of services rendered_
3 Earnings ptr Share The eanlings considered in ascertanlng the Companys Enmings per Sharc(lOPS) comprised the nct pmtlt(loss) aCtel tax _The number 0 f shares used ill campulig Basic EPS is the weighted average numher of sharc outstanding during the year_ The Humber of shares used in computing Diluted EPg comprises of weighted average shares considered for deriving Basic EPS and also the weighted average number of equity shares which could bave bCll issued to the conversion of all dilutivc patentitllquity snares where applicnblc Diluive potential equity shres are deemed le hi been converted as of the beginning of tile yar unkss UHy have been isSlCltJllt nlater date_
middot1 Taxes on Income Currcnt fa is dotenninea based ill Ihe amOllnt of tax payable ill respect oftaxabk income for the peri(1o_ Deimd lax is recognised (1) liming differences being the difference between the taxable income and accounting income thai originale jll one period and are capable ~f reversal in one or more subsequent periods Deferred tax assels and liabilities m-e computed Oil the timing differenccs applying the enacted tax rates and tax laws that have ben cnacted (lr subsiantively cUKted by the balance sheet daie Deferred tLX assets on account OfUIl11bsorbed depreciation or carry HI)ward of tax losses an recognizcd ouly to the extcnt (hal there is virtual certainty evidence that sufficient future tax im(lme will hI) lvrdlble agains whih such ddirred fax assels call he reiliscd_
II
j (at Contingent Liabilities Rs Nil (raquo Estimatcu Amount ofcontracts n~millJi)1g It be cxcutcd on capital account and not provided lbr (Net of AdVUlCesl _Rs_NfL IMmch
21)10 lh Nil)
2 The ~xpenditure except lhost which arc eiligihk~ Ii ()piralisarion ()f) complelion of C(ll1stnlctiml are charged to Profit and Los mC)l1lt
3 -Ih~ Compauy do not hav any cmph-yees in its paywll- Accordingly the Company docs no hvc any obligation towards any Defined Benefit Plan )r any Defined COTltribIHIOIl Piau as per Accounting Standard (AS) 15 (revised 20(5) bull Employee Benefits
The Company is engaged in property dcvelopment activities which in the context or ~cc()ll1ting Standard 17 Segment Reporting noWled under section 211 (3lt) of the Companies Act 1956 is consillerelti as the only s~gmenL Hence reporting under the requiremeJlts of the said ~illndurd docs 11lt)( arise
GViR UYOERAIIA[) A EROT ROrOLlS LIMITED
snnrHILE - 9 Sigllificll1 ACcoufltillgPolicies llnd Notes to fhe ACCOllllts
Inrticulars
Capital Work In Progres~ Consultancy Expenses Tmvelling and onveyame InlereS OJ Uuceurcd Loans
lp to and as at blJ1 2011
601 amp1685 9958363
46(123
(mlt)Ullt III Rupee) Up to lIud ~s at Mar312010
15022190 3853163
466123
r----- 70606172 19341476
6 Details oftraosacHoos with Related Parties A) Enterprises where C(lTltwl exists
fi) Holding Company
iii lkding companys Holding ltlmpaI1Y
(iiii Ultimnte Holding Company
i IV) FeBa Subsidiary of Holding Company
tv) Fellow Subidiarie
GMR Hyder-abat Intt1nationai Airport Limited (GHIAL)
GMR lnfrasrrwture LimBed (GIL)
GMR Holdings Private Limited (GHPL)
GVL Investments Private Limited GMR Krishnagiri SEl Limited
Hyoerabad Menzies Air Cargo Private Lilllted
GMR Hyderabad AlTport Resourte Manugement Limited Hyderabad Airport Security Services Umited GMR Hydentbad Aviation 3El limited UMR Hyderahad Multiproduct SEZ Limited GMR Airport Handling Services Compmy Limited GMR H(1tels amp Resorts Llmircd
81 [)isdnsurc 1 transactiolli between the mmpan and reialcd pMtks and outstanding balances as at the year end (Amount in Rupxs)
I
Rclatnl PlnVTIan~lIclimlS H)lding Company O1lR Hydembad [ntcrnalional Airport limited
Shan Applicationllloncy Recehed Share Capilnl lotted Reimbursment of Expenses
Fellow Subsidiary MHolding Company GMR Krishnagili SEl Limited
Strvi-~c~ R~t~ivtd
ReimhufSlncnt of Expenses Fellow Subsidiary (-lR Hotels and Resorts Limiled
S~rif~S Rctived
Balance pu)uble (recoverable) OfvR Krishnagiri SEZ Ltd GMR Hyderahad [mcmati(Jrlll Airport Limited
Year ended Mar 3L 201 I Mar 31 20l()
25OOOO(JO
2710710amp
4170751
901587
813amp32 2711)6758
21300JlOO
3321003
3911265
1296003
7
8
GtlR HYUERABiJ AEROTROPOUS LIMITE))
SClIl[)VLE-9 Significant AewuHting Policies ami Notes to the Arcotlllh
Earnings Per Share I EPS)
Particulars Year cndd ~__~____________________________________________+-____~M~a~r31201~____-+______~~~~~~~~_ l Protit(Ioss) after lax (624196) b Weighted average l1umef of Equity Shares of Rs ( each nutstandind 2 i 80000 during the period
c Earnings per shan- Basic (029)
Auditors Rennmernlion
9 Tile Compruly 11a~ not rcc(gmsI-d the deftncd tax asset on cmTid forward losses ns at March 312011 on the hasis ofpnldcncc as per the reqmrements of Accounting Standard AS 22 Acomnting fOf Taxes 011 Income issued by the institute ()f Chartered Accltmntallis )f India
10 Based on the infomllllioll available with the compaJlY there ate llO micro slllall and medium entel1lfises to WllOlll tile company has paid imercsl or any interest payable on out~tandings (under the provision ltfSection 16 1ftht Micw Small and Medium Enterprise Development Act 20(6) during the period March 3 J 2011
I Addilionaiintbrmaliol1 pursuant to paragl aph~ J 4 4-( arid middot1~[) of pan - H of Schedule VI to ilie Companies cL 1956 to the extent ltlither Nil (r 111 Applicahle lut lot been furnished
12 PreViolls YCltII 1gures [Illve b~C1l regrouped and redassil1ed wherever necessary to conform wlboe of the current yc~l
F(middot Bnlbmayya amp Co For and on behalf oflhe Board olDirecwr5 or Fiml Registratioll No 00051iS CMR Hyderabad Aerotropolis Limited Chartereu ACc(luntmIS
Sd~ Sd- Sdf-
G Srjnivas Vikram Jaisinghani C Prasanna
Partn~r Director DirctOf Memhcrship No ()S67[)]
Place Hyderabad Place Hydcmbl1d Place Uyuerabau Dale My 23 2011 Dale May 23 2011 Date Mayn 2011
C
GMR HYDERABAD AEROTROPOLIS LIlllnm
CASH FLO STATEMENT FOR THE YEAR ENDEJ) MARCH JI 20U (AlIlount in Rupees)
For the year ended
Mar31 lOll
For the year ended
Mar 3]2010
A CASH FLOW FROMJ (USED IN) OPERATING ACTIVITIES Net Profit Before Tax (624196) (878532) Auu Prior period expen(s 29(882middot
(587650)(624196) Adjustment f()r
Depreciation 6069 Intangible Asset Written OIT
-25302middot
(556279)Operating loss before working capital chunges t624l96)
Adjustment for working capital changes
([nc-rease) i Decrease in Loans and Advances (545723) IncreaSe (Decrease) in Current LiabHilies and Proisions
0898949)
25543727 21 17543
Net Cash Flow from Operating Acthities 101554243020582
B CASH FLOW FROM (lISED IN) INVESTING ACTIVITIES
Purchase of Fixed Assets Capital Work in Progress (Net) (5 l264J(97) (9460281)
(9Net Cash Flow from Investing Activities (51264697)
CASH FLOW FROVll (USfn IN) FINANCING ACTIVITIES Proceeds from Share Application money 25000000 -
12300000Proceeds from l llotmen1 of Share Capital middot _
12300000Net Cash Flow from Financing Activities 25000000
Net increase in Cash and Cash E(IUivalents (3244114) 3855254
196332Cash lind Cash Equivalents at the beginning of the Period 4051586 I
4051586Cash lind Cash Equivalents nt the end of the Pedod 807473 1
Notes
I The above cash flow slatemem has heen prepared under the lndirect Methud us set out in the Accounting Standard - 3 on Cash Flow Statements issued by the Institute of Chartered Accountants of India
For Brahmayya amp Co Fm and oobchalf of the Board of Directors of Firm Regislralioll No 000515S GMR Hyderabad Aerotrollolis Limited
Chartered Accllililants
Seli- Sd- Sdi-
G Srinivas Vikram Jaisinghani C Prasanna
Partner Director Director Membership Jn 086761 Fluce Place Hyderabad Place tiyderabad Dill May 23 2011 Dale May 2fn I Date May 23 2011
GMR HYDERAHAD AEROTROPOLIS LIMITED
Balance Sheet Abstract And Companys General Business Profile
1
2
3
4
5
Registratiou Details
Registration No 045400AP2007PLC054827 State Code Balance Sheet Date Mar312011
Capital Raised during the year (Amount in Rs Thousands)
Public Issue Nil Rights Issue
Bonus Issue Nil Private Placement
Position of Mobilisation and Development of Funds ( Amount in Rs Thousands)
Total LiabiHties 46800 Total assets
Sources of Funds
Paid - Up Capital 21800 Share Application Maney Reserves amp Surplus Nil Unsecured Loans Secured Loan Nil Grant from GOAP
AI)plieatjon of Funds
Net Fixed Assets 70606 lnvestments Net Current Assets w 25309 Misc Expenditure
iAccumulated Losses 1503
Performance of company ( Amount in Rs Thousands)
Total Income 0 Total Expenditure
Generic Names of Three Principal Products I Services of Company (as pelmiddot monetary terms)
Item Code NCi Product Description
NA NA
01
Nil Nil
46800
25000 Nil Nil
Nil
Nit
-624
POI and on behalf of the Board of Directors of GMR Hyderabad A-rotropolis Limited
Sdi- Sd-
Vikram JlIlsinghani C PraslInna
Director Director
Place Hyderabad Place Hyderabad Date May 23 20 II Date May 23 20 I t
W l-lY IWRBI)ER01ROPOUS LIMITED Iw( 111middot forminf~ part of tlw Balance Sheet as at Ivlarch H 20 i [
- - I ~ t
GMR Hyderabad AerotropolisLimited Schedules forming part of the Balance Sheet as at March12011 SCHEDULE-2 Fixed Assets
gt0 _ 1---
Goss Block
As atDescription
Additions April Ol 2010
Software - -----shy
Grand Total - -Capital Work in Progress 19341476 51264696
NOIt1l (5) qfSchedule 9) March 31 2010 37440 -
As at
Deletions Mar3l2011
- -
~ -
70606J 72
~-
37440 -
Depreciation Net Block
As at For the On
As at As at As at
April 01 2010 Period Deletions Mar 31 20U Mar 312011 Mar 31 2010 ---- shy
- - - --
- - - - -70606172 19341476
6069 - ~5302 37440 - ----shy
GMR HYDERABAD AEROTROPOUS LIMITED Schedules forming part ofthc Balance Sheet as at March 31 2011
(Amount in Rupees)
SCHEDULE-3 As at Mar 312011
As at Mar 31 2010
Cash and Bank Balances Balances with Scheduled Banks
in Current Accounts 807473 4051586
807473 4051586
(Amount in Rupees)
SCHEDULE~4 As at Mar 312011
As at Mar31 tOl0
Loans and Advances (Unsecured considered good)
Advances recoverable in cash 01 in kind or for value to be received
Service tax input credit -
3625178
-1726230
3625178 1726230
(Amount in Rupees)
SCHEDUlE-S As at Mar 31 lOll
As at Mar312010
Current Liabilities and PrOllsions Current Liabilities
Sundry Creditors
Due ro Micro small and Medium Enterprises Due to other than Micro small and Medium Enterprises
Other Liabilities
-29667961
73590
29741551
-3575673
622151
4197824
Refer Note II (10) of Schedule 9
(iMR HYDERABAD AEROTROPOLIS LIMITED Scbedules forming part of the Profit and Loss account for the year ended March 3 t 2011
(Amount in Rupees)
SCHEDULE-6 For the year ended
For tbe year ended
Mar 312011 Mar 312010
Administrative Expenses
Rates and taxes Communication Expenses Travel expenses Consultancy Expenses Remuneration to Auditors
Audit Fce Printing and Stationary expenses Foreign Exchange Loss Intangible Asset Written off Depreciation Other exp
5180 9444
10365 53929
50000 4675 1173
483013
422303 900
28502
50000 45781
-25302 6069
-617780 578857
(Amount in Rupees)
SCHEDULE -7 For the year ended
Mar 31 2011 For the year ended
Mar 312010
Finance Charges
Finance Charges 6416 50
6416 50
(Amount in Rupees)
SCHEDULE-8
Prior Period Items
Rates and taxes Consultancy Expenses Audit Fee Printing and Stationary expenses Finance Charges Miscellaneous Expenses Depreciation Preliminary expenses
For the year ended
Mar3120U For the
5485 18500
150000
Ll98 175
88135 6069
21320
290882
GlHR HYIlERABD AEROTR(JPOUS UMITED
SCHIWllU - ) Significant Accounting Polides and Iotes to the Accounts
DrsiCription of Business
The c)mpmy Wl~ incnrporated on 18th Jul 2007 as a Wholly owned subsidiary ofGMR Hyderabud International Airpvrt limited_ The main objectiyc of tile company is to engage in the bllsines50fprl1peny development actiitcs ill and around the new Hyderabad illlcrnalional flirpmt at 8hillTlshabnd_
I Significant Accounting Policies
Cl()lnting Asslimptimls
The final1ci~1 stntcmems are prepared In accordance wllh the historical C-OS convention and to comply in all material aSpeCLi with thc applicable accounting prinoiples in [ndin the ltlccoullIing standards notified under sub-section (3C) of Seotion 211 of the Companies Act 1956 of India (the Acl) and the other rekvallt provisions ([tlle Act
2 ReVelltle Recognition -nle company rcoglli~ [(Venne 011 accrual basis as per the tcrllls of the agreemcnr and on the basis of services rendered_
3 Earnings ptr Share The eanlings considered in ascertanlng the Companys Enmings per Sharc(lOPS) comprised the nct pmtlt(loss) aCtel tax _The number 0 f shares used ill campulig Basic EPS is the weighted average numher of sharc outstanding during the year_ The Humber of shares used in computing Diluted EPg comprises of weighted average shares considered for deriving Basic EPS and also the weighted average number of equity shares which could bave bCll issued to the conversion of all dilutivc patentitllquity snares where applicnblc Diluive potential equity shres are deemed le hi been converted as of the beginning of tile yar unkss UHy have been isSlCltJllt nlater date_
middot1 Taxes on Income Currcnt fa is dotenninea based ill Ihe amOllnt of tax payable ill respect oftaxabk income for the peri(1o_ Deimd lax is recognised (1) liming differences being the difference between the taxable income and accounting income thai originale jll one period and are capable ~f reversal in one or more subsequent periods Deferred tax assels and liabilities m-e computed Oil the timing differenccs applying the enacted tax rates and tax laws that have ben cnacted (lr subsiantively cUKted by the balance sheet daie Deferred tLX assets on account OfUIl11bsorbed depreciation or carry HI)ward of tax losses an recognizcd ouly to the extcnt (hal there is virtual certainty evidence that sufficient future tax im(lme will hI) lvrdlble agains whih such ddirred fax assels call he reiliscd_
II
j (at Contingent Liabilities Rs Nil (raquo Estimatcu Amount ofcontracts n~millJi)1g It be cxcutcd on capital account and not provided lbr (Net of AdVUlCesl _Rs_NfL IMmch
21)10 lh Nil)
2 The ~xpenditure except lhost which arc eiligihk~ Ii ()piralisarion ()f) complelion of C(ll1stnlctiml are charged to Profit and Los mC)l1lt
3 -Ih~ Compauy do not hav any cmph-yees in its paywll- Accordingly the Company docs no hvc any obligation towards any Defined Benefit Plan )r any Defined COTltribIHIOIl Piau as per Accounting Standard (AS) 15 (revised 20(5) bull Employee Benefits
The Company is engaged in property dcvelopment activities which in the context or ~cc()ll1ting Standard 17 Segment Reporting noWled under section 211 (3lt) of the Companies Act 1956 is consillerelti as the only s~gmenL Hence reporting under the requiremeJlts of the said ~illndurd docs 11lt)( arise
GViR UYOERAIIA[) A EROT ROrOLlS LIMITED
snnrHILE - 9 Sigllificll1 ACcoufltillgPolicies llnd Notes to fhe ACCOllllts
Inrticulars
Capital Work In Progres~ Consultancy Expenses Tmvelling and onveyame InlereS OJ Uuceurcd Loans
lp to and as at blJ1 2011
601 amp1685 9958363
46(123
(mlt)Ullt III Rupee) Up to lIud ~s at Mar312010
15022190 3853163
466123
r----- 70606172 19341476
6 Details oftraosacHoos with Related Parties A) Enterprises where C(lTltwl exists
fi) Holding Company
iii lkding companys Holding ltlmpaI1Y
(iiii Ultimnte Holding Company
i IV) FeBa Subsidiary of Holding Company
tv) Fellow Subidiarie
GMR Hyder-abat Intt1nationai Airport Limited (GHIAL)
GMR lnfrasrrwture LimBed (GIL)
GMR Holdings Private Limited (GHPL)
GVL Investments Private Limited GMR Krishnagiri SEl Limited
Hyoerabad Menzies Air Cargo Private Lilllted
GMR Hyderabad AlTport Resourte Manugement Limited Hyderabad Airport Security Services Umited GMR Hydentbad Aviation 3El limited UMR Hyderahad Multiproduct SEZ Limited GMR Airport Handling Services Compmy Limited GMR H(1tels amp Resorts Llmircd
81 [)isdnsurc 1 transactiolli between the mmpan and reialcd pMtks and outstanding balances as at the year end (Amount in Rupxs)
I
Rclatnl PlnVTIan~lIclimlS H)lding Company O1lR Hydembad [ntcrnalional Airport limited
Shan Applicationllloncy Recehed Share Capilnl lotted Reimbursment of Expenses
Fellow Subsidiary MHolding Company GMR Krishnagili SEl Limited
Strvi-~c~ R~t~ivtd
ReimhufSlncnt of Expenses Fellow Subsidiary (-lR Hotels and Resorts Limiled
S~rif~S Rctived
Balance pu)uble (recoverable) OfvR Krishnagiri SEZ Ltd GMR Hyderahad [mcmati(Jrlll Airport Limited
Year ended Mar 3L 201 I Mar 31 20l()
25OOOO(JO
2710710amp
4170751
901587
813amp32 2711)6758
21300JlOO
3321003
3911265
1296003
7
8
GtlR HYUERABiJ AEROTROPOUS LIMITE))
SClIl[)VLE-9 Significant AewuHting Policies ami Notes to the Arcotlllh
Earnings Per Share I EPS)
Particulars Year cndd ~__~____________________________________________+-____~M~a~r31201~____-+______~~~~~~~~_ l Protit(Ioss) after lax (624196) b Weighted average l1umef of Equity Shares of Rs ( each nutstandind 2 i 80000 during the period
c Earnings per shan- Basic (029)
Auditors Rennmernlion
9 Tile Compruly 11a~ not rcc(gmsI-d the deftncd tax asset on cmTid forward losses ns at March 312011 on the hasis ofpnldcncc as per the reqmrements of Accounting Standard AS 22 Acomnting fOf Taxes 011 Income issued by the institute ()f Chartered Accltmntallis )f India
10 Based on the infomllllioll available with the compaJlY there ate llO micro slllall and medium entel1lfises to WllOlll tile company has paid imercsl or any interest payable on out~tandings (under the provision ltfSection 16 1ftht Micw Small and Medium Enterprise Development Act 20(6) during the period March 3 J 2011
I Addilionaiintbrmaliol1 pursuant to paragl aph~ J 4 4-( arid middot1~[) of pan - H of Schedule VI to ilie Companies cL 1956 to the extent ltlither Nil (r 111 Applicahle lut lot been furnished
12 PreViolls YCltII 1gures [Illve b~C1l regrouped and redassil1ed wherever necessary to conform wlboe of the current yc~l
F(middot Bnlbmayya amp Co For and on behalf oflhe Board olDirecwr5 or Fiml Registratioll No 00051iS CMR Hyderabad Aerotropolis Limited Chartereu ACc(luntmIS
Sd~ Sd- Sdf-
G Srjnivas Vikram Jaisinghani C Prasanna
Partn~r Director DirctOf Memhcrship No ()S67[)]
Place Hyderabad Place Hydcmbl1d Place Uyuerabau Dale My 23 2011 Dale May 23 2011 Date Mayn 2011
C
GMR HYDERABAD AEROTROPOLIS LIlllnm
CASH FLO STATEMENT FOR THE YEAR ENDEJ) MARCH JI 20U (AlIlount in Rupees)
For the year ended
Mar31 lOll
For the year ended
Mar 3]2010
A CASH FLOW FROMJ (USED IN) OPERATING ACTIVITIES Net Profit Before Tax (624196) (878532) Auu Prior period expen(s 29(882middot
(587650)(624196) Adjustment f()r
Depreciation 6069 Intangible Asset Written OIT
-25302middot
(556279)Operating loss before working capital chunges t624l96)
Adjustment for working capital changes
([nc-rease) i Decrease in Loans and Advances (545723) IncreaSe (Decrease) in Current LiabHilies and Proisions
0898949)
25543727 21 17543
Net Cash Flow from Operating Acthities 101554243020582
B CASH FLOW FROM (lISED IN) INVESTING ACTIVITIES
Purchase of Fixed Assets Capital Work in Progress (Net) (5 l264J(97) (9460281)
(9Net Cash Flow from Investing Activities (51264697)
CASH FLOW FROVll (USfn IN) FINANCING ACTIVITIES Proceeds from Share Application money 25000000 -
12300000Proceeds from l llotmen1 of Share Capital middot _
12300000Net Cash Flow from Financing Activities 25000000
Net increase in Cash and Cash E(IUivalents (3244114) 3855254
196332Cash lind Cash Equivalents at the beginning of the Period 4051586 I
4051586Cash lind Cash Equivalents nt the end of the Pedod 807473 1
Notes
I The above cash flow slatemem has heen prepared under the lndirect Methud us set out in the Accounting Standard - 3 on Cash Flow Statements issued by the Institute of Chartered Accountants of India
For Brahmayya amp Co Fm and oobchalf of the Board of Directors of Firm Regislralioll No 000515S GMR Hyderabad Aerotrollolis Limited
Chartered Accllililants
Seli- Sd- Sdi-
G Srinivas Vikram Jaisinghani C Prasanna
Partner Director Director Membership Jn 086761 Fluce Place Hyderabad Place tiyderabad Dill May 23 2011 Dale May 2fn I Date May 23 2011
GMR HYDERAHAD AEROTROPOLIS LIMITED
Balance Sheet Abstract And Companys General Business Profile
1
2
3
4
5
Registratiou Details
Registration No 045400AP2007PLC054827 State Code Balance Sheet Date Mar312011
Capital Raised during the year (Amount in Rs Thousands)
Public Issue Nil Rights Issue
Bonus Issue Nil Private Placement
Position of Mobilisation and Development of Funds ( Amount in Rs Thousands)
Total LiabiHties 46800 Total assets
Sources of Funds
Paid - Up Capital 21800 Share Application Maney Reserves amp Surplus Nil Unsecured Loans Secured Loan Nil Grant from GOAP
AI)plieatjon of Funds
Net Fixed Assets 70606 lnvestments Net Current Assets w 25309 Misc Expenditure
iAccumulated Losses 1503
Performance of company ( Amount in Rs Thousands)
Total Income 0 Total Expenditure
Generic Names of Three Principal Products I Services of Company (as pelmiddot monetary terms)
Item Code NCi Product Description
NA NA
01
Nil Nil
46800
25000 Nil Nil
Nil
Nit
-624
POI and on behalf of the Board of Directors of GMR Hyderabad A-rotropolis Limited
Sdi- Sd-
Vikram JlIlsinghani C PraslInna
Director Director
Place Hyderabad Place Hyderabad Date May 23 20 II Date May 23 20 I t
GMR Hyderabad AerotropolisLimited Schedules forming part of the Balance Sheet as at March12011 SCHEDULE-2 Fixed Assets
gt0 _ 1---
Goss Block
As atDescription
Additions April Ol 2010
Software - -----shy
Grand Total - -Capital Work in Progress 19341476 51264696
NOIt1l (5) qfSchedule 9) March 31 2010 37440 -
As at
Deletions Mar3l2011
- -
~ -
70606J 72
~-
37440 -
Depreciation Net Block
As at For the On
As at As at As at
April 01 2010 Period Deletions Mar 31 20U Mar 312011 Mar 31 2010 ---- shy
- - - --
- - - - -70606172 19341476
6069 - ~5302 37440 - ----shy
GMR HYDERABAD AEROTROPOUS LIMITED Schedules forming part ofthc Balance Sheet as at March 31 2011
(Amount in Rupees)
SCHEDULE-3 As at Mar 312011
As at Mar 31 2010
Cash and Bank Balances Balances with Scheduled Banks
in Current Accounts 807473 4051586
807473 4051586
(Amount in Rupees)
SCHEDULE~4 As at Mar 312011
As at Mar31 tOl0
Loans and Advances (Unsecured considered good)
Advances recoverable in cash 01 in kind or for value to be received
Service tax input credit -
3625178
-1726230
3625178 1726230
(Amount in Rupees)
SCHEDUlE-S As at Mar 31 lOll
As at Mar312010
Current Liabilities and PrOllsions Current Liabilities
Sundry Creditors
Due ro Micro small and Medium Enterprises Due to other than Micro small and Medium Enterprises
Other Liabilities
-29667961
73590
29741551
-3575673
622151
4197824
Refer Note II (10) of Schedule 9
(iMR HYDERABAD AEROTROPOLIS LIMITED Scbedules forming part of the Profit and Loss account for the year ended March 3 t 2011
(Amount in Rupees)
SCHEDULE-6 For the year ended
For tbe year ended
Mar 312011 Mar 312010
Administrative Expenses
Rates and taxes Communication Expenses Travel expenses Consultancy Expenses Remuneration to Auditors
Audit Fce Printing and Stationary expenses Foreign Exchange Loss Intangible Asset Written off Depreciation Other exp
5180 9444
10365 53929
50000 4675 1173
483013
422303 900
28502
50000 45781
-25302 6069
-617780 578857
(Amount in Rupees)
SCHEDULE -7 For the year ended
Mar 31 2011 For the year ended
Mar 312010
Finance Charges
Finance Charges 6416 50
6416 50
(Amount in Rupees)
SCHEDULE-8
Prior Period Items
Rates and taxes Consultancy Expenses Audit Fee Printing and Stationary expenses Finance Charges Miscellaneous Expenses Depreciation Preliminary expenses
For the year ended
Mar3120U For the
5485 18500
150000
Ll98 175
88135 6069
21320
290882
GlHR HYIlERABD AEROTR(JPOUS UMITED
SCHIWllU - ) Significant Accounting Polides and Iotes to the Accounts
DrsiCription of Business
The c)mpmy Wl~ incnrporated on 18th Jul 2007 as a Wholly owned subsidiary ofGMR Hyderabud International Airpvrt limited_ The main objectiyc of tile company is to engage in the bllsines50fprl1peny development actiitcs ill and around the new Hyderabad illlcrnalional flirpmt at 8hillTlshabnd_
I Significant Accounting Policies
Cl()lnting Asslimptimls
The final1ci~1 stntcmems are prepared In accordance wllh the historical C-OS convention and to comply in all material aSpeCLi with thc applicable accounting prinoiples in [ndin the ltlccoullIing standards notified under sub-section (3C) of Seotion 211 of the Companies Act 1956 of India (the Acl) and the other rekvallt provisions ([tlle Act
2 ReVelltle Recognition -nle company rcoglli~ [(Venne 011 accrual basis as per the tcrllls of the agreemcnr and on the basis of services rendered_
3 Earnings ptr Share The eanlings considered in ascertanlng the Companys Enmings per Sharc(lOPS) comprised the nct pmtlt(loss) aCtel tax _The number 0 f shares used ill campulig Basic EPS is the weighted average numher of sharc outstanding during the year_ The Humber of shares used in computing Diluted EPg comprises of weighted average shares considered for deriving Basic EPS and also the weighted average number of equity shares which could bave bCll issued to the conversion of all dilutivc patentitllquity snares where applicnblc Diluive potential equity shres are deemed le hi been converted as of the beginning of tile yar unkss UHy have been isSlCltJllt nlater date_
middot1 Taxes on Income Currcnt fa is dotenninea based ill Ihe amOllnt of tax payable ill respect oftaxabk income for the peri(1o_ Deimd lax is recognised (1) liming differences being the difference between the taxable income and accounting income thai originale jll one period and are capable ~f reversal in one or more subsequent periods Deferred tax assels and liabilities m-e computed Oil the timing differenccs applying the enacted tax rates and tax laws that have ben cnacted (lr subsiantively cUKted by the balance sheet daie Deferred tLX assets on account OfUIl11bsorbed depreciation or carry HI)ward of tax losses an recognizcd ouly to the extcnt (hal there is virtual certainty evidence that sufficient future tax im(lme will hI) lvrdlble agains whih such ddirred fax assels call he reiliscd_
II
j (at Contingent Liabilities Rs Nil (raquo Estimatcu Amount ofcontracts n~millJi)1g It be cxcutcd on capital account and not provided lbr (Net of AdVUlCesl _Rs_NfL IMmch
21)10 lh Nil)
2 The ~xpenditure except lhost which arc eiligihk~ Ii ()piralisarion ()f) complelion of C(ll1stnlctiml are charged to Profit and Los mC)l1lt
3 -Ih~ Compauy do not hav any cmph-yees in its paywll- Accordingly the Company docs no hvc any obligation towards any Defined Benefit Plan )r any Defined COTltribIHIOIl Piau as per Accounting Standard (AS) 15 (revised 20(5) bull Employee Benefits
The Company is engaged in property dcvelopment activities which in the context or ~cc()ll1ting Standard 17 Segment Reporting noWled under section 211 (3lt) of the Companies Act 1956 is consillerelti as the only s~gmenL Hence reporting under the requiremeJlts of the said ~illndurd docs 11lt)( arise
GViR UYOERAIIA[) A EROT ROrOLlS LIMITED
snnrHILE - 9 Sigllificll1 ACcoufltillgPolicies llnd Notes to fhe ACCOllllts
Inrticulars
Capital Work In Progres~ Consultancy Expenses Tmvelling and onveyame InlereS OJ Uuceurcd Loans
lp to and as at blJ1 2011
601 amp1685 9958363
46(123
(mlt)Ullt III Rupee) Up to lIud ~s at Mar312010
15022190 3853163
466123
r----- 70606172 19341476
6 Details oftraosacHoos with Related Parties A) Enterprises where C(lTltwl exists
fi) Holding Company
iii lkding companys Holding ltlmpaI1Y
(iiii Ultimnte Holding Company
i IV) FeBa Subsidiary of Holding Company
tv) Fellow Subidiarie
GMR Hyder-abat Intt1nationai Airport Limited (GHIAL)
GMR lnfrasrrwture LimBed (GIL)
GMR Holdings Private Limited (GHPL)
GVL Investments Private Limited GMR Krishnagiri SEl Limited
Hyoerabad Menzies Air Cargo Private Lilllted
GMR Hyderabad AlTport Resourte Manugement Limited Hyderabad Airport Security Services Umited GMR Hydentbad Aviation 3El limited UMR Hyderahad Multiproduct SEZ Limited GMR Airport Handling Services Compmy Limited GMR H(1tels amp Resorts Llmircd
81 [)isdnsurc 1 transactiolli between the mmpan and reialcd pMtks and outstanding balances as at the year end (Amount in Rupxs)
I
Rclatnl PlnVTIan~lIclimlS H)lding Company O1lR Hydembad [ntcrnalional Airport limited
Shan Applicationllloncy Recehed Share Capilnl lotted Reimbursment of Expenses
Fellow Subsidiary MHolding Company GMR Krishnagili SEl Limited
Strvi-~c~ R~t~ivtd
ReimhufSlncnt of Expenses Fellow Subsidiary (-lR Hotels and Resorts Limiled
S~rif~S Rctived
Balance pu)uble (recoverable) OfvR Krishnagiri SEZ Ltd GMR Hyderahad [mcmati(Jrlll Airport Limited
Year ended Mar 3L 201 I Mar 31 20l()
25OOOO(JO
2710710amp
4170751
901587
813amp32 2711)6758
21300JlOO
3321003
3911265
1296003
7
8
GtlR HYUERABiJ AEROTROPOUS LIMITE))
SClIl[)VLE-9 Significant AewuHting Policies ami Notes to the Arcotlllh
Earnings Per Share I EPS)
Particulars Year cndd ~__~____________________________________________+-____~M~a~r31201~____-+______~~~~~~~~_ l Protit(Ioss) after lax (624196) b Weighted average l1umef of Equity Shares of Rs ( each nutstandind 2 i 80000 during the period
c Earnings per shan- Basic (029)
Auditors Rennmernlion
9 Tile Compruly 11a~ not rcc(gmsI-d the deftncd tax asset on cmTid forward losses ns at March 312011 on the hasis ofpnldcncc as per the reqmrements of Accounting Standard AS 22 Acomnting fOf Taxes 011 Income issued by the institute ()f Chartered Accltmntallis )f India
10 Based on the infomllllioll available with the compaJlY there ate llO micro slllall and medium entel1lfises to WllOlll tile company has paid imercsl or any interest payable on out~tandings (under the provision ltfSection 16 1ftht Micw Small and Medium Enterprise Development Act 20(6) during the period March 3 J 2011
I Addilionaiintbrmaliol1 pursuant to paragl aph~ J 4 4-( arid middot1~[) of pan - H of Schedule VI to ilie Companies cL 1956 to the extent ltlither Nil (r 111 Applicahle lut lot been furnished
12 PreViolls YCltII 1gures [Illve b~C1l regrouped and redassil1ed wherever necessary to conform wlboe of the current yc~l
F(middot Bnlbmayya amp Co For and on behalf oflhe Board olDirecwr5 or Fiml Registratioll No 00051iS CMR Hyderabad Aerotropolis Limited Chartereu ACc(luntmIS
Sd~ Sd- Sdf-
G Srjnivas Vikram Jaisinghani C Prasanna
Partn~r Director DirctOf Memhcrship No ()S67[)]
Place Hyderabad Place Hydcmbl1d Place Uyuerabau Dale My 23 2011 Dale May 23 2011 Date Mayn 2011
C
GMR HYDERABAD AEROTROPOLIS LIlllnm
CASH FLO STATEMENT FOR THE YEAR ENDEJ) MARCH JI 20U (AlIlount in Rupees)
For the year ended
Mar31 lOll
For the year ended
Mar 3]2010
A CASH FLOW FROMJ (USED IN) OPERATING ACTIVITIES Net Profit Before Tax (624196) (878532) Auu Prior period expen(s 29(882middot
(587650)(624196) Adjustment f()r
Depreciation 6069 Intangible Asset Written OIT
-25302middot
(556279)Operating loss before working capital chunges t624l96)
Adjustment for working capital changes
([nc-rease) i Decrease in Loans and Advances (545723) IncreaSe (Decrease) in Current LiabHilies and Proisions
0898949)
25543727 21 17543
Net Cash Flow from Operating Acthities 101554243020582
B CASH FLOW FROM (lISED IN) INVESTING ACTIVITIES
Purchase of Fixed Assets Capital Work in Progress (Net) (5 l264J(97) (9460281)
(9Net Cash Flow from Investing Activities (51264697)
CASH FLOW FROVll (USfn IN) FINANCING ACTIVITIES Proceeds from Share Application money 25000000 -
12300000Proceeds from l llotmen1 of Share Capital middot _
12300000Net Cash Flow from Financing Activities 25000000
Net increase in Cash and Cash E(IUivalents (3244114) 3855254
196332Cash lind Cash Equivalents at the beginning of the Period 4051586 I
4051586Cash lind Cash Equivalents nt the end of the Pedod 807473 1
Notes
I The above cash flow slatemem has heen prepared under the lndirect Methud us set out in the Accounting Standard - 3 on Cash Flow Statements issued by the Institute of Chartered Accountants of India
For Brahmayya amp Co Fm and oobchalf of the Board of Directors of Firm Regislralioll No 000515S GMR Hyderabad Aerotrollolis Limited
Chartered Accllililants
Seli- Sd- Sdi-
G Srinivas Vikram Jaisinghani C Prasanna
Partner Director Director Membership Jn 086761 Fluce Place Hyderabad Place tiyderabad Dill May 23 2011 Dale May 2fn I Date May 23 2011
GMR HYDERAHAD AEROTROPOLIS LIMITED
Balance Sheet Abstract And Companys General Business Profile
1
2
3
4
5
Registratiou Details
Registration No 045400AP2007PLC054827 State Code Balance Sheet Date Mar312011
Capital Raised during the year (Amount in Rs Thousands)
Public Issue Nil Rights Issue
Bonus Issue Nil Private Placement
Position of Mobilisation and Development of Funds ( Amount in Rs Thousands)
Total LiabiHties 46800 Total assets
Sources of Funds
Paid - Up Capital 21800 Share Application Maney Reserves amp Surplus Nil Unsecured Loans Secured Loan Nil Grant from GOAP
AI)plieatjon of Funds
Net Fixed Assets 70606 lnvestments Net Current Assets w 25309 Misc Expenditure
iAccumulated Losses 1503
Performance of company ( Amount in Rs Thousands)
Total Income 0 Total Expenditure
Generic Names of Three Principal Products I Services of Company (as pelmiddot monetary terms)
Item Code NCi Product Description
NA NA
01
Nil Nil
46800
25000 Nil Nil
Nil
Nit
-624
POI and on behalf of the Board of Directors of GMR Hyderabad A-rotropolis Limited
Sdi- Sd-
Vikram JlIlsinghani C PraslInna
Director Director
Place Hyderabad Place Hyderabad Date May 23 20 II Date May 23 20 I t
GMR HYDERABAD AEROTROPOUS LIMITED Schedules forming part ofthc Balance Sheet as at March 31 2011
(Amount in Rupees)
SCHEDULE-3 As at Mar 312011
As at Mar 31 2010
Cash and Bank Balances Balances with Scheduled Banks
in Current Accounts 807473 4051586
807473 4051586
(Amount in Rupees)
SCHEDULE~4 As at Mar 312011
As at Mar31 tOl0
Loans and Advances (Unsecured considered good)
Advances recoverable in cash 01 in kind or for value to be received
Service tax input credit -
3625178
-1726230
3625178 1726230
(Amount in Rupees)
SCHEDUlE-S As at Mar 31 lOll
As at Mar312010
Current Liabilities and PrOllsions Current Liabilities
Sundry Creditors
Due ro Micro small and Medium Enterprises Due to other than Micro small and Medium Enterprises
Other Liabilities
-29667961
73590
29741551
-3575673
622151
4197824
Refer Note II (10) of Schedule 9
(iMR HYDERABAD AEROTROPOLIS LIMITED Scbedules forming part of the Profit and Loss account for the year ended March 3 t 2011
(Amount in Rupees)
SCHEDULE-6 For the year ended
For tbe year ended
Mar 312011 Mar 312010
Administrative Expenses
Rates and taxes Communication Expenses Travel expenses Consultancy Expenses Remuneration to Auditors
Audit Fce Printing and Stationary expenses Foreign Exchange Loss Intangible Asset Written off Depreciation Other exp
5180 9444
10365 53929
50000 4675 1173
483013
422303 900
28502
50000 45781
-25302 6069
-617780 578857
(Amount in Rupees)
SCHEDULE -7 For the year ended
Mar 31 2011 For the year ended
Mar 312010
Finance Charges
Finance Charges 6416 50
6416 50
(Amount in Rupees)
SCHEDULE-8
Prior Period Items
Rates and taxes Consultancy Expenses Audit Fee Printing and Stationary expenses Finance Charges Miscellaneous Expenses Depreciation Preliminary expenses
For the year ended
Mar3120U For the
5485 18500
150000
Ll98 175
88135 6069
21320
290882
GlHR HYIlERABD AEROTR(JPOUS UMITED
SCHIWllU - ) Significant Accounting Polides and Iotes to the Accounts
DrsiCription of Business
The c)mpmy Wl~ incnrporated on 18th Jul 2007 as a Wholly owned subsidiary ofGMR Hyderabud International Airpvrt limited_ The main objectiyc of tile company is to engage in the bllsines50fprl1peny development actiitcs ill and around the new Hyderabad illlcrnalional flirpmt at 8hillTlshabnd_
I Significant Accounting Policies
Cl()lnting Asslimptimls
The final1ci~1 stntcmems are prepared In accordance wllh the historical C-OS convention and to comply in all material aSpeCLi with thc applicable accounting prinoiples in [ndin the ltlccoullIing standards notified under sub-section (3C) of Seotion 211 of the Companies Act 1956 of India (the Acl) and the other rekvallt provisions ([tlle Act
2 ReVelltle Recognition -nle company rcoglli~ [(Venne 011 accrual basis as per the tcrllls of the agreemcnr and on the basis of services rendered_
3 Earnings ptr Share The eanlings considered in ascertanlng the Companys Enmings per Sharc(lOPS) comprised the nct pmtlt(loss) aCtel tax _The number 0 f shares used ill campulig Basic EPS is the weighted average numher of sharc outstanding during the year_ The Humber of shares used in computing Diluted EPg comprises of weighted average shares considered for deriving Basic EPS and also the weighted average number of equity shares which could bave bCll issued to the conversion of all dilutivc patentitllquity snares where applicnblc Diluive potential equity shres are deemed le hi been converted as of the beginning of tile yar unkss UHy have been isSlCltJllt nlater date_
middot1 Taxes on Income Currcnt fa is dotenninea based ill Ihe amOllnt of tax payable ill respect oftaxabk income for the peri(1o_ Deimd lax is recognised (1) liming differences being the difference between the taxable income and accounting income thai originale jll one period and are capable ~f reversal in one or more subsequent periods Deferred tax assels and liabilities m-e computed Oil the timing differenccs applying the enacted tax rates and tax laws that have ben cnacted (lr subsiantively cUKted by the balance sheet daie Deferred tLX assets on account OfUIl11bsorbed depreciation or carry HI)ward of tax losses an recognizcd ouly to the extcnt (hal there is virtual certainty evidence that sufficient future tax im(lme will hI) lvrdlble agains whih such ddirred fax assels call he reiliscd_
II
j (at Contingent Liabilities Rs Nil (raquo Estimatcu Amount ofcontracts n~millJi)1g It be cxcutcd on capital account and not provided lbr (Net of AdVUlCesl _Rs_NfL IMmch
21)10 lh Nil)
2 The ~xpenditure except lhost which arc eiligihk~ Ii ()piralisarion ()f) complelion of C(ll1stnlctiml are charged to Profit and Los mC)l1lt
3 -Ih~ Compauy do not hav any cmph-yees in its paywll- Accordingly the Company docs no hvc any obligation towards any Defined Benefit Plan )r any Defined COTltribIHIOIl Piau as per Accounting Standard (AS) 15 (revised 20(5) bull Employee Benefits
The Company is engaged in property dcvelopment activities which in the context or ~cc()ll1ting Standard 17 Segment Reporting noWled under section 211 (3lt) of the Companies Act 1956 is consillerelti as the only s~gmenL Hence reporting under the requiremeJlts of the said ~illndurd docs 11lt)( arise
GViR UYOERAIIA[) A EROT ROrOLlS LIMITED
snnrHILE - 9 Sigllificll1 ACcoufltillgPolicies llnd Notes to fhe ACCOllllts
Inrticulars
Capital Work In Progres~ Consultancy Expenses Tmvelling and onveyame InlereS OJ Uuceurcd Loans
lp to and as at blJ1 2011
601 amp1685 9958363
46(123
(mlt)Ullt III Rupee) Up to lIud ~s at Mar312010
15022190 3853163
466123
r----- 70606172 19341476
6 Details oftraosacHoos with Related Parties A) Enterprises where C(lTltwl exists
fi) Holding Company
iii lkding companys Holding ltlmpaI1Y
(iiii Ultimnte Holding Company
i IV) FeBa Subsidiary of Holding Company
tv) Fellow Subidiarie
GMR Hyder-abat Intt1nationai Airport Limited (GHIAL)
GMR lnfrasrrwture LimBed (GIL)
GMR Holdings Private Limited (GHPL)
GVL Investments Private Limited GMR Krishnagiri SEl Limited
Hyoerabad Menzies Air Cargo Private Lilllted
GMR Hyderabad AlTport Resourte Manugement Limited Hyderabad Airport Security Services Umited GMR Hydentbad Aviation 3El limited UMR Hyderahad Multiproduct SEZ Limited GMR Airport Handling Services Compmy Limited GMR H(1tels amp Resorts Llmircd
81 [)isdnsurc 1 transactiolli between the mmpan and reialcd pMtks and outstanding balances as at the year end (Amount in Rupxs)
I
Rclatnl PlnVTIan~lIclimlS H)lding Company O1lR Hydembad [ntcrnalional Airport limited
Shan Applicationllloncy Recehed Share Capilnl lotted Reimbursment of Expenses
Fellow Subsidiary MHolding Company GMR Krishnagili SEl Limited
Strvi-~c~ R~t~ivtd
ReimhufSlncnt of Expenses Fellow Subsidiary (-lR Hotels and Resorts Limiled
S~rif~S Rctived
Balance pu)uble (recoverable) OfvR Krishnagiri SEZ Ltd GMR Hyderahad [mcmati(Jrlll Airport Limited
Year ended Mar 3L 201 I Mar 31 20l()
25OOOO(JO
2710710amp
4170751
901587
813amp32 2711)6758
21300JlOO
3321003
3911265
1296003
7
8
GtlR HYUERABiJ AEROTROPOUS LIMITE))
SClIl[)VLE-9 Significant AewuHting Policies ami Notes to the Arcotlllh
Earnings Per Share I EPS)
Particulars Year cndd ~__~____________________________________________+-____~M~a~r31201~____-+______~~~~~~~~_ l Protit(Ioss) after lax (624196) b Weighted average l1umef of Equity Shares of Rs ( each nutstandind 2 i 80000 during the period
c Earnings per shan- Basic (029)
Auditors Rennmernlion
9 Tile Compruly 11a~ not rcc(gmsI-d the deftncd tax asset on cmTid forward losses ns at March 312011 on the hasis ofpnldcncc as per the reqmrements of Accounting Standard AS 22 Acomnting fOf Taxes 011 Income issued by the institute ()f Chartered Accltmntallis )f India
10 Based on the infomllllioll available with the compaJlY there ate llO micro slllall and medium entel1lfises to WllOlll tile company has paid imercsl or any interest payable on out~tandings (under the provision ltfSection 16 1ftht Micw Small and Medium Enterprise Development Act 20(6) during the period March 3 J 2011
I Addilionaiintbrmaliol1 pursuant to paragl aph~ J 4 4-( arid middot1~[) of pan - H of Schedule VI to ilie Companies cL 1956 to the extent ltlither Nil (r 111 Applicahle lut lot been furnished
12 PreViolls YCltII 1gures [Illve b~C1l regrouped and redassil1ed wherever necessary to conform wlboe of the current yc~l
F(middot Bnlbmayya amp Co For and on behalf oflhe Board olDirecwr5 or Fiml Registratioll No 00051iS CMR Hyderabad Aerotropolis Limited Chartereu ACc(luntmIS
Sd~ Sd- Sdf-
G Srjnivas Vikram Jaisinghani C Prasanna
Partn~r Director DirctOf Memhcrship No ()S67[)]
Place Hyderabad Place Hydcmbl1d Place Uyuerabau Dale My 23 2011 Dale May 23 2011 Date Mayn 2011
C
GMR HYDERABAD AEROTROPOLIS LIlllnm
CASH FLO STATEMENT FOR THE YEAR ENDEJ) MARCH JI 20U (AlIlount in Rupees)
For the year ended
Mar31 lOll
For the year ended
Mar 3]2010
A CASH FLOW FROMJ (USED IN) OPERATING ACTIVITIES Net Profit Before Tax (624196) (878532) Auu Prior period expen(s 29(882middot
(587650)(624196) Adjustment f()r
Depreciation 6069 Intangible Asset Written OIT
-25302middot
(556279)Operating loss before working capital chunges t624l96)
Adjustment for working capital changes
([nc-rease) i Decrease in Loans and Advances (545723) IncreaSe (Decrease) in Current LiabHilies and Proisions
0898949)
25543727 21 17543
Net Cash Flow from Operating Acthities 101554243020582
B CASH FLOW FROM (lISED IN) INVESTING ACTIVITIES
Purchase of Fixed Assets Capital Work in Progress (Net) (5 l264J(97) (9460281)
(9Net Cash Flow from Investing Activities (51264697)
CASH FLOW FROVll (USfn IN) FINANCING ACTIVITIES Proceeds from Share Application money 25000000 -
12300000Proceeds from l llotmen1 of Share Capital middot _
12300000Net Cash Flow from Financing Activities 25000000
Net increase in Cash and Cash E(IUivalents (3244114) 3855254
196332Cash lind Cash Equivalents at the beginning of the Period 4051586 I
4051586Cash lind Cash Equivalents nt the end of the Pedod 807473 1
Notes
I The above cash flow slatemem has heen prepared under the lndirect Methud us set out in the Accounting Standard - 3 on Cash Flow Statements issued by the Institute of Chartered Accountants of India
For Brahmayya amp Co Fm and oobchalf of the Board of Directors of Firm Regislralioll No 000515S GMR Hyderabad Aerotrollolis Limited
Chartered Accllililants
Seli- Sd- Sdi-
G Srinivas Vikram Jaisinghani C Prasanna
Partner Director Director Membership Jn 086761 Fluce Place Hyderabad Place tiyderabad Dill May 23 2011 Dale May 2fn I Date May 23 2011
GMR HYDERAHAD AEROTROPOLIS LIMITED
Balance Sheet Abstract And Companys General Business Profile
1
2
3
4
5
Registratiou Details
Registration No 045400AP2007PLC054827 State Code Balance Sheet Date Mar312011
Capital Raised during the year (Amount in Rs Thousands)
Public Issue Nil Rights Issue
Bonus Issue Nil Private Placement
Position of Mobilisation and Development of Funds ( Amount in Rs Thousands)
Total LiabiHties 46800 Total assets
Sources of Funds
Paid - Up Capital 21800 Share Application Maney Reserves amp Surplus Nil Unsecured Loans Secured Loan Nil Grant from GOAP
AI)plieatjon of Funds
Net Fixed Assets 70606 lnvestments Net Current Assets w 25309 Misc Expenditure
iAccumulated Losses 1503
Performance of company ( Amount in Rs Thousands)
Total Income 0 Total Expenditure
Generic Names of Three Principal Products I Services of Company (as pelmiddot monetary terms)
Item Code NCi Product Description
NA NA
01
Nil Nil
46800
25000 Nil Nil
Nil
Nit
-624
POI and on behalf of the Board of Directors of GMR Hyderabad A-rotropolis Limited
Sdi- Sd-
Vikram JlIlsinghani C PraslInna
Director Director
Place Hyderabad Place Hyderabad Date May 23 20 II Date May 23 20 I t
(iMR HYDERABAD AEROTROPOLIS LIMITED Scbedules forming part of the Profit and Loss account for the year ended March 3 t 2011
(Amount in Rupees)
SCHEDULE-6 For the year ended
For tbe year ended
Mar 312011 Mar 312010
Administrative Expenses
Rates and taxes Communication Expenses Travel expenses Consultancy Expenses Remuneration to Auditors
Audit Fce Printing and Stationary expenses Foreign Exchange Loss Intangible Asset Written off Depreciation Other exp
5180 9444
10365 53929
50000 4675 1173
483013
422303 900
28502
50000 45781
-25302 6069
-617780 578857
(Amount in Rupees)
SCHEDULE -7 For the year ended
Mar 31 2011 For the year ended
Mar 312010
Finance Charges
Finance Charges 6416 50
6416 50
(Amount in Rupees)
SCHEDULE-8
Prior Period Items
Rates and taxes Consultancy Expenses Audit Fee Printing and Stationary expenses Finance Charges Miscellaneous Expenses Depreciation Preliminary expenses
For the year ended
Mar3120U For the
5485 18500
150000
Ll98 175
88135 6069
21320
290882
GlHR HYIlERABD AEROTR(JPOUS UMITED
SCHIWllU - ) Significant Accounting Polides and Iotes to the Accounts
DrsiCription of Business
The c)mpmy Wl~ incnrporated on 18th Jul 2007 as a Wholly owned subsidiary ofGMR Hyderabud International Airpvrt limited_ The main objectiyc of tile company is to engage in the bllsines50fprl1peny development actiitcs ill and around the new Hyderabad illlcrnalional flirpmt at 8hillTlshabnd_
I Significant Accounting Policies
Cl()lnting Asslimptimls
The final1ci~1 stntcmems are prepared In accordance wllh the historical C-OS convention and to comply in all material aSpeCLi with thc applicable accounting prinoiples in [ndin the ltlccoullIing standards notified under sub-section (3C) of Seotion 211 of the Companies Act 1956 of India (the Acl) and the other rekvallt provisions ([tlle Act
2 ReVelltle Recognition -nle company rcoglli~ [(Venne 011 accrual basis as per the tcrllls of the agreemcnr and on the basis of services rendered_
3 Earnings ptr Share The eanlings considered in ascertanlng the Companys Enmings per Sharc(lOPS) comprised the nct pmtlt(loss) aCtel tax _The number 0 f shares used ill campulig Basic EPS is the weighted average numher of sharc outstanding during the year_ The Humber of shares used in computing Diluted EPg comprises of weighted average shares considered for deriving Basic EPS and also the weighted average number of equity shares which could bave bCll issued to the conversion of all dilutivc patentitllquity snares where applicnblc Diluive potential equity shres are deemed le hi been converted as of the beginning of tile yar unkss UHy have been isSlCltJllt nlater date_
middot1 Taxes on Income Currcnt fa is dotenninea based ill Ihe amOllnt of tax payable ill respect oftaxabk income for the peri(1o_ Deimd lax is recognised (1) liming differences being the difference between the taxable income and accounting income thai originale jll one period and are capable ~f reversal in one or more subsequent periods Deferred tax assels and liabilities m-e computed Oil the timing differenccs applying the enacted tax rates and tax laws that have ben cnacted (lr subsiantively cUKted by the balance sheet daie Deferred tLX assets on account OfUIl11bsorbed depreciation or carry HI)ward of tax losses an recognizcd ouly to the extcnt (hal there is virtual certainty evidence that sufficient future tax im(lme will hI) lvrdlble agains whih such ddirred fax assels call he reiliscd_
II
j (at Contingent Liabilities Rs Nil (raquo Estimatcu Amount ofcontracts n~millJi)1g It be cxcutcd on capital account and not provided lbr (Net of AdVUlCesl _Rs_NfL IMmch
21)10 lh Nil)
2 The ~xpenditure except lhost which arc eiligihk~ Ii ()piralisarion ()f) complelion of C(ll1stnlctiml are charged to Profit and Los mC)l1lt
3 -Ih~ Compauy do not hav any cmph-yees in its paywll- Accordingly the Company docs no hvc any obligation towards any Defined Benefit Plan )r any Defined COTltribIHIOIl Piau as per Accounting Standard (AS) 15 (revised 20(5) bull Employee Benefits
The Company is engaged in property dcvelopment activities which in the context or ~cc()ll1ting Standard 17 Segment Reporting noWled under section 211 (3lt) of the Companies Act 1956 is consillerelti as the only s~gmenL Hence reporting under the requiremeJlts of the said ~illndurd docs 11lt)( arise
GViR UYOERAIIA[) A EROT ROrOLlS LIMITED
snnrHILE - 9 Sigllificll1 ACcoufltillgPolicies llnd Notes to fhe ACCOllllts
Inrticulars
Capital Work In Progres~ Consultancy Expenses Tmvelling and onveyame InlereS OJ Uuceurcd Loans
lp to and as at blJ1 2011
601 amp1685 9958363
46(123
(mlt)Ullt III Rupee) Up to lIud ~s at Mar312010
15022190 3853163
466123
r----- 70606172 19341476
6 Details oftraosacHoos with Related Parties A) Enterprises where C(lTltwl exists
fi) Holding Company
iii lkding companys Holding ltlmpaI1Y
(iiii Ultimnte Holding Company
i IV) FeBa Subsidiary of Holding Company
tv) Fellow Subidiarie
GMR Hyder-abat Intt1nationai Airport Limited (GHIAL)
GMR lnfrasrrwture LimBed (GIL)
GMR Holdings Private Limited (GHPL)
GVL Investments Private Limited GMR Krishnagiri SEl Limited
Hyoerabad Menzies Air Cargo Private Lilllted
GMR Hyderabad AlTport Resourte Manugement Limited Hyderabad Airport Security Services Umited GMR Hydentbad Aviation 3El limited UMR Hyderahad Multiproduct SEZ Limited GMR Airport Handling Services Compmy Limited GMR H(1tels amp Resorts Llmircd
81 [)isdnsurc 1 transactiolli between the mmpan and reialcd pMtks and outstanding balances as at the year end (Amount in Rupxs)
I
Rclatnl PlnVTIan~lIclimlS H)lding Company O1lR Hydembad [ntcrnalional Airport limited
Shan Applicationllloncy Recehed Share Capilnl lotted Reimbursment of Expenses
Fellow Subsidiary MHolding Company GMR Krishnagili SEl Limited
Strvi-~c~ R~t~ivtd
ReimhufSlncnt of Expenses Fellow Subsidiary (-lR Hotels and Resorts Limiled
S~rif~S Rctived
Balance pu)uble (recoverable) OfvR Krishnagiri SEZ Ltd GMR Hyderahad [mcmati(Jrlll Airport Limited
Year ended Mar 3L 201 I Mar 31 20l()
25OOOO(JO
2710710amp
4170751
901587
813amp32 2711)6758
21300JlOO
3321003
3911265
1296003
7
8
GtlR HYUERABiJ AEROTROPOUS LIMITE))
SClIl[)VLE-9 Significant AewuHting Policies ami Notes to the Arcotlllh
Earnings Per Share I EPS)
Particulars Year cndd ~__~____________________________________________+-____~M~a~r31201~____-+______~~~~~~~~_ l Protit(Ioss) after lax (624196) b Weighted average l1umef of Equity Shares of Rs ( each nutstandind 2 i 80000 during the period
c Earnings per shan- Basic (029)
Auditors Rennmernlion
9 Tile Compruly 11a~ not rcc(gmsI-d the deftncd tax asset on cmTid forward losses ns at March 312011 on the hasis ofpnldcncc as per the reqmrements of Accounting Standard AS 22 Acomnting fOf Taxes 011 Income issued by the institute ()f Chartered Accltmntallis )f India
10 Based on the infomllllioll available with the compaJlY there ate llO micro slllall and medium entel1lfises to WllOlll tile company has paid imercsl or any interest payable on out~tandings (under the provision ltfSection 16 1ftht Micw Small and Medium Enterprise Development Act 20(6) during the period March 3 J 2011
I Addilionaiintbrmaliol1 pursuant to paragl aph~ J 4 4-( arid middot1~[) of pan - H of Schedule VI to ilie Companies cL 1956 to the extent ltlither Nil (r 111 Applicahle lut lot been furnished
12 PreViolls YCltII 1gures [Illve b~C1l regrouped and redassil1ed wherever necessary to conform wlboe of the current yc~l
F(middot Bnlbmayya amp Co For and on behalf oflhe Board olDirecwr5 or Fiml Registratioll No 00051iS CMR Hyderabad Aerotropolis Limited Chartereu ACc(luntmIS
Sd~ Sd- Sdf-
G Srjnivas Vikram Jaisinghani C Prasanna
Partn~r Director DirctOf Memhcrship No ()S67[)]
Place Hyderabad Place Hydcmbl1d Place Uyuerabau Dale My 23 2011 Dale May 23 2011 Date Mayn 2011
C
GMR HYDERABAD AEROTROPOLIS LIlllnm
CASH FLO STATEMENT FOR THE YEAR ENDEJ) MARCH JI 20U (AlIlount in Rupees)
For the year ended
Mar31 lOll
For the year ended
Mar 3]2010
A CASH FLOW FROMJ (USED IN) OPERATING ACTIVITIES Net Profit Before Tax (624196) (878532) Auu Prior period expen(s 29(882middot
(587650)(624196) Adjustment f()r
Depreciation 6069 Intangible Asset Written OIT
-25302middot
(556279)Operating loss before working capital chunges t624l96)
Adjustment for working capital changes
([nc-rease) i Decrease in Loans and Advances (545723) IncreaSe (Decrease) in Current LiabHilies and Proisions
0898949)
25543727 21 17543
Net Cash Flow from Operating Acthities 101554243020582
B CASH FLOW FROM (lISED IN) INVESTING ACTIVITIES
Purchase of Fixed Assets Capital Work in Progress (Net) (5 l264J(97) (9460281)
(9Net Cash Flow from Investing Activities (51264697)
CASH FLOW FROVll (USfn IN) FINANCING ACTIVITIES Proceeds from Share Application money 25000000 -
12300000Proceeds from l llotmen1 of Share Capital middot _
12300000Net Cash Flow from Financing Activities 25000000
Net increase in Cash and Cash E(IUivalents (3244114) 3855254
196332Cash lind Cash Equivalents at the beginning of the Period 4051586 I
4051586Cash lind Cash Equivalents nt the end of the Pedod 807473 1
Notes
I The above cash flow slatemem has heen prepared under the lndirect Methud us set out in the Accounting Standard - 3 on Cash Flow Statements issued by the Institute of Chartered Accountants of India
For Brahmayya amp Co Fm and oobchalf of the Board of Directors of Firm Regislralioll No 000515S GMR Hyderabad Aerotrollolis Limited
Chartered Accllililants
Seli- Sd- Sdi-
G Srinivas Vikram Jaisinghani C Prasanna
Partner Director Director Membership Jn 086761 Fluce Place Hyderabad Place tiyderabad Dill May 23 2011 Dale May 2fn I Date May 23 2011
GMR HYDERAHAD AEROTROPOLIS LIMITED
Balance Sheet Abstract And Companys General Business Profile
1
2
3
4
5
Registratiou Details
Registration No 045400AP2007PLC054827 State Code Balance Sheet Date Mar312011
Capital Raised during the year (Amount in Rs Thousands)
Public Issue Nil Rights Issue
Bonus Issue Nil Private Placement
Position of Mobilisation and Development of Funds ( Amount in Rs Thousands)
Total LiabiHties 46800 Total assets
Sources of Funds
Paid - Up Capital 21800 Share Application Maney Reserves amp Surplus Nil Unsecured Loans Secured Loan Nil Grant from GOAP
AI)plieatjon of Funds
Net Fixed Assets 70606 lnvestments Net Current Assets w 25309 Misc Expenditure
iAccumulated Losses 1503
Performance of company ( Amount in Rs Thousands)
Total Income 0 Total Expenditure
Generic Names of Three Principal Products I Services of Company (as pelmiddot monetary terms)
Item Code NCi Product Description
NA NA
01
Nil Nil
46800
25000 Nil Nil
Nil
Nit
-624
POI and on behalf of the Board of Directors of GMR Hyderabad A-rotropolis Limited
Sdi- Sd-
Vikram JlIlsinghani C PraslInna
Director Director
Place Hyderabad Place Hyderabad Date May 23 20 II Date May 23 20 I t
GlHR HYIlERABD AEROTR(JPOUS UMITED
SCHIWllU - ) Significant Accounting Polides and Iotes to the Accounts
DrsiCription of Business
The c)mpmy Wl~ incnrporated on 18th Jul 2007 as a Wholly owned subsidiary ofGMR Hyderabud International Airpvrt limited_ The main objectiyc of tile company is to engage in the bllsines50fprl1peny development actiitcs ill and around the new Hyderabad illlcrnalional flirpmt at 8hillTlshabnd_
I Significant Accounting Policies
Cl()lnting Asslimptimls
The final1ci~1 stntcmems are prepared In accordance wllh the historical C-OS convention and to comply in all material aSpeCLi with thc applicable accounting prinoiples in [ndin the ltlccoullIing standards notified under sub-section (3C) of Seotion 211 of the Companies Act 1956 of India (the Acl) and the other rekvallt provisions ([tlle Act
2 ReVelltle Recognition -nle company rcoglli~ [(Venne 011 accrual basis as per the tcrllls of the agreemcnr and on the basis of services rendered_
3 Earnings ptr Share The eanlings considered in ascertanlng the Companys Enmings per Sharc(lOPS) comprised the nct pmtlt(loss) aCtel tax _The number 0 f shares used ill campulig Basic EPS is the weighted average numher of sharc outstanding during the year_ The Humber of shares used in computing Diluted EPg comprises of weighted average shares considered for deriving Basic EPS and also the weighted average number of equity shares which could bave bCll issued to the conversion of all dilutivc patentitllquity snares where applicnblc Diluive potential equity shres are deemed le hi been converted as of the beginning of tile yar unkss UHy have been isSlCltJllt nlater date_
middot1 Taxes on Income Currcnt fa is dotenninea based ill Ihe amOllnt of tax payable ill respect oftaxabk income for the peri(1o_ Deimd lax is recognised (1) liming differences being the difference between the taxable income and accounting income thai originale jll one period and are capable ~f reversal in one or more subsequent periods Deferred tax assels and liabilities m-e computed Oil the timing differenccs applying the enacted tax rates and tax laws that have ben cnacted (lr subsiantively cUKted by the balance sheet daie Deferred tLX assets on account OfUIl11bsorbed depreciation or carry HI)ward of tax losses an recognizcd ouly to the extcnt (hal there is virtual certainty evidence that sufficient future tax im(lme will hI) lvrdlble agains whih such ddirred fax assels call he reiliscd_
II
j (at Contingent Liabilities Rs Nil (raquo Estimatcu Amount ofcontracts n~millJi)1g It be cxcutcd on capital account and not provided lbr (Net of AdVUlCesl _Rs_NfL IMmch
21)10 lh Nil)
2 The ~xpenditure except lhost which arc eiligihk~ Ii ()piralisarion ()f) complelion of C(ll1stnlctiml are charged to Profit and Los mC)l1lt
3 -Ih~ Compauy do not hav any cmph-yees in its paywll- Accordingly the Company docs no hvc any obligation towards any Defined Benefit Plan )r any Defined COTltribIHIOIl Piau as per Accounting Standard (AS) 15 (revised 20(5) bull Employee Benefits
The Company is engaged in property dcvelopment activities which in the context or ~cc()ll1ting Standard 17 Segment Reporting noWled under section 211 (3lt) of the Companies Act 1956 is consillerelti as the only s~gmenL Hence reporting under the requiremeJlts of the said ~illndurd docs 11lt)( arise
GViR UYOERAIIA[) A EROT ROrOLlS LIMITED
snnrHILE - 9 Sigllificll1 ACcoufltillgPolicies llnd Notes to fhe ACCOllllts
Inrticulars
Capital Work In Progres~ Consultancy Expenses Tmvelling and onveyame InlereS OJ Uuceurcd Loans
lp to and as at blJ1 2011
601 amp1685 9958363
46(123
(mlt)Ullt III Rupee) Up to lIud ~s at Mar312010
15022190 3853163
466123
r----- 70606172 19341476
6 Details oftraosacHoos with Related Parties A) Enterprises where C(lTltwl exists
fi) Holding Company
iii lkding companys Holding ltlmpaI1Y
(iiii Ultimnte Holding Company
i IV) FeBa Subsidiary of Holding Company
tv) Fellow Subidiarie
GMR Hyder-abat Intt1nationai Airport Limited (GHIAL)
GMR lnfrasrrwture LimBed (GIL)
GMR Holdings Private Limited (GHPL)
GVL Investments Private Limited GMR Krishnagiri SEl Limited
Hyoerabad Menzies Air Cargo Private Lilllted
GMR Hyderabad AlTport Resourte Manugement Limited Hyderabad Airport Security Services Umited GMR Hydentbad Aviation 3El limited UMR Hyderahad Multiproduct SEZ Limited GMR Airport Handling Services Compmy Limited GMR H(1tels amp Resorts Llmircd
81 [)isdnsurc 1 transactiolli between the mmpan and reialcd pMtks and outstanding balances as at the year end (Amount in Rupxs)
I
Rclatnl PlnVTIan~lIclimlS H)lding Company O1lR Hydembad [ntcrnalional Airport limited
Shan Applicationllloncy Recehed Share Capilnl lotted Reimbursment of Expenses
Fellow Subsidiary MHolding Company GMR Krishnagili SEl Limited
Strvi-~c~ R~t~ivtd
ReimhufSlncnt of Expenses Fellow Subsidiary (-lR Hotels and Resorts Limiled
S~rif~S Rctived
Balance pu)uble (recoverable) OfvR Krishnagiri SEZ Ltd GMR Hyderahad [mcmati(Jrlll Airport Limited
Year ended Mar 3L 201 I Mar 31 20l()
25OOOO(JO
2710710amp
4170751
901587
813amp32 2711)6758
21300JlOO
3321003
3911265
1296003
7
8
GtlR HYUERABiJ AEROTROPOUS LIMITE))
SClIl[)VLE-9 Significant AewuHting Policies ami Notes to the Arcotlllh
Earnings Per Share I EPS)
Particulars Year cndd ~__~____________________________________________+-____~M~a~r31201~____-+______~~~~~~~~_ l Protit(Ioss) after lax (624196) b Weighted average l1umef of Equity Shares of Rs ( each nutstandind 2 i 80000 during the period
c Earnings per shan- Basic (029)
Auditors Rennmernlion
9 Tile Compruly 11a~ not rcc(gmsI-d the deftncd tax asset on cmTid forward losses ns at March 312011 on the hasis ofpnldcncc as per the reqmrements of Accounting Standard AS 22 Acomnting fOf Taxes 011 Income issued by the institute ()f Chartered Accltmntallis )f India
10 Based on the infomllllioll available with the compaJlY there ate llO micro slllall and medium entel1lfises to WllOlll tile company has paid imercsl or any interest payable on out~tandings (under the provision ltfSection 16 1ftht Micw Small and Medium Enterprise Development Act 20(6) during the period March 3 J 2011
I Addilionaiintbrmaliol1 pursuant to paragl aph~ J 4 4-( arid middot1~[) of pan - H of Schedule VI to ilie Companies cL 1956 to the extent ltlither Nil (r 111 Applicahle lut lot been furnished
12 PreViolls YCltII 1gures [Illve b~C1l regrouped and redassil1ed wherever necessary to conform wlboe of the current yc~l
F(middot Bnlbmayya amp Co For and on behalf oflhe Board olDirecwr5 or Fiml Registratioll No 00051iS CMR Hyderabad Aerotropolis Limited Chartereu ACc(luntmIS
Sd~ Sd- Sdf-
G Srjnivas Vikram Jaisinghani C Prasanna
Partn~r Director DirctOf Memhcrship No ()S67[)]
Place Hyderabad Place Hydcmbl1d Place Uyuerabau Dale My 23 2011 Dale May 23 2011 Date Mayn 2011
C
GMR HYDERABAD AEROTROPOLIS LIlllnm
CASH FLO STATEMENT FOR THE YEAR ENDEJ) MARCH JI 20U (AlIlount in Rupees)
For the year ended
Mar31 lOll
For the year ended
Mar 3]2010
A CASH FLOW FROMJ (USED IN) OPERATING ACTIVITIES Net Profit Before Tax (624196) (878532) Auu Prior period expen(s 29(882middot
(587650)(624196) Adjustment f()r
Depreciation 6069 Intangible Asset Written OIT
-25302middot
(556279)Operating loss before working capital chunges t624l96)
Adjustment for working capital changes
([nc-rease) i Decrease in Loans and Advances (545723) IncreaSe (Decrease) in Current LiabHilies and Proisions
0898949)
25543727 21 17543
Net Cash Flow from Operating Acthities 101554243020582
B CASH FLOW FROM (lISED IN) INVESTING ACTIVITIES
Purchase of Fixed Assets Capital Work in Progress (Net) (5 l264J(97) (9460281)
(9Net Cash Flow from Investing Activities (51264697)
CASH FLOW FROVll (USfn IN) FINANCING ACTIVITIES Proceeds from Share Application money 25000000 -
12300000Proceeds from l llotmen1 of Share Capital middot _
12300000Net Cash Flow from Financing Activities 25000000
Net increase in Cash and Cash E(IUivalents (3244114) 3855254
196332Cash lind Cash Equivalents at the beginning of the Period 4051586 I
4051586Cash lind Cash Equivalents nt the end of the Pedod 807473 1
Notes
I The above cash flow slatemem has heen prepared under the lndirect Methud us set out in the Accounting Standard - 3 on Cash Flow Statements issued by the Institute of Chartered Accountants of India
For Brahmayya amp Co Fm and oobchalf of the Board of Directors of Firm Regislralioll No 000515S GMR Hyderabad Aerotrollolis Limited
Chartered Accllililants
Seli- Sd- Sdi-
G Srinivas Vikram Jaisinghani C Prasanna
Partner Director Director Membership Jn 086761 Fluce Place Hyderabad Place tiyderabad Dill May 23 2011 Dale May 2fn I Date May 23 2011
GMR HYDERAHAD AEROTROPOLIS LIMITED
Balance Sheet Abstract And Companys General Business Profile
1
2
3
4
5
Registratiou Details
Registration No 045400AP2007PLC054827 State Code Balance Sheet Date Mar312011
Capital Raised during the year (Amount in Rs Thousands)
Public Issue Nil Rights Issue
Bonus Issue Nil Private Placement
Position of Mobilisation and Development of Funds ( Amount in Rs Thousands)
Total LiabiHties 46800 Total assets
Sources of Funds
Paid - Up Capital 21800 Share Application Maney Reserves amp Surplus Nil Unsecured Loans Secured Loan Nil Grant from GOAP
AI)plieatjon of Funds
Net Fixed Assets 70606 lnvestments Net Current Assets w 25309 Misc Expenditure
iAccumulated Losses 1503
Performance of company ( Amount in Rs Thousands)
Total Income 0 Total Expenditure
Generic Names of Three Principal Products I Services of Company (as pelmiddot monetary terms)
Item Code NCi Product Description
NA NA
01
Nil Nil
46800
25000 Nil Nil
Nil
Nit
-624
POI and on behalf of the Board of Directors of GMR Hyderabad A-rotropolis Limited
Sdi- Sd-
Vikram JlIlsinghani C PraslInna
Director Director
Place Hyderabad Place Hyderabad Date May 23 20 II Date May 23 20 I t
GViR UYOERAIIA[) A EROT ROrOLlS LIMITED
snnrHILE - 9 Sigllificll1 ACcoufltillgPolicies llnd Notes to fhe ACCOllllts
Inrticulars
Capital Work In Progres~ Consultancy Expenses Tmvelling and onveyame InlereS OJ Uuceurcd Loans
lp to and as at blJ1 2011
601 amp1685 9958363
46(123
(mlt)Ullt III Rupee) Up to lIud ~s at Mar312010
15022190 3853163
466123
r----- 70606172 19341476
6 Details oftraosacHoos with Related Parties A) Enterprises where C(lTltwl exists
fi) Holding Company
iii lkding companys Holding ltlmpaI1Y
(iiii Ultimnte Holding Company
i IV) FeBa Subsidiary of Holding Company
tv) Fellow Subidiarie
GMR Hyder-abat Intt1nationai Airport Limited (GHIAL)
GMR lnfrasrrwture LimBed (GIL)
GMR Holdings Private Limited (GHPL)
GVL Investments Private Limited GMR Krishnagiri SEl Limited
Hyoerabad Menzies Air Cargo Private Lilllted
GMR Hyderabad AlTport Resourte Manugement Limited Hyderabad Airport Security Services Umited GMR Hydentbad Aviation 3El limited UMR Hyderahad Multiproduct SEZ Limited GMR Airport Handling Services Compmy Limited GMR H(1tels amp Resorts Llmircd
81 [)isdnsurc 1 transactiolli between the mmpan and reialcd pMtks and outstanding balances as at the year end (Amount in Rupxs)
I
Rclatnl PlnVTIan~lIclimlS H)lding Company O1lR Hydembad [ntcrnalional Airport limited
Shan Applicationllloncy Recehed Share Capilnl lotted Reimbursment of Expenses
Fellow Subsidiary MHolding Company GMR Krishnagili SEl Limited
Strvi-~c~ R~t~ivtd
ReimhufSlncnt of Expenses Fellow Subsidiary (-lR Hotels and Resorts Limiled
S~rif~S Rctived
Balance pu)uble (recoverable) OfvR Krishnagiri SEZ Ltd GMR Hyderahad [mcmati(Jrlll Airport Limited
Year ended Mar 3L 201 I Mar 31 20l()
25OOOO(JO
2710710amp
4170751
901587
813amp32 2711)6758
21300JlOO
3321003
3911265
1296003
7
8
GtlR HYUERABiJ AEROTROPOUS LIMITE))
SClIl[)VLE-9 Significant AewuHting Policies ami Notes to the Arcotlllh
Earnings Per Share I EPS)
Particulars Year cndd ~__~____________________________________________+-____~M~a~r31201~____-+______~~~~~~~~_ l Protit(Ioss) after lax (624196) b Weighted average l1umef of Equity Shares of Rs ( each nutstandind 2 i 80000 during the period
c Earnings per shan- Basic (029)
Auditors Rennmernlion
9 Tile Compruly 11a~ not rcc(gmsI-d the deftncd tax asset on cmTid forward losses ns at March 312011 on the hasis ofpnldcncc as per the reqmrements of Accounting Standard AS 22 Acomnting fOf Taxes 011 Income issued by the institute ()f Chartered Accltmntallis )f India
10 Based on the infomllllioll available with the compaJlY there ate llO micro slllall and medium entel1lfises to WllOlll tile company has paid imercsl or any interest payable on out~tandings (under the provision ltfSection 16 1ftht Micw Small and Medium Enterprise Development Act 20(6) during the period March 3 J 2011
I Addilionaiintbrmaliol1 pursuant to paragl aph~ J 4 4-( arid middot1~[) of pan - H of Schedule VI to ilie Companies cL 1956 to the extent ltlither Nil (r 111 Applicahle lut lot been furnished
12 PreViolls YCltII 1gures [Illve b~C1l regrouped and redassil1ed wherever necessary to conform wlboe of the current yc~l
F(middot Bnlbmayya amp Co For and on behalf oflhe Board olDirecwr5 or Fiml Registratioll No 00051iS CMR Hyderabad Aerotropolis Limited Chartereu ACc(luntmIS
Sd~ Sd- Sdf-
G Srjnivas Vikram Jaisinghani C Prasanna
Partn~r Director DirctOf Memhcrship No ()S67[)]
Place Hyderabad Place Hydcmbl1d Place Uyuerabau Dale My 23 2011 Dale May 23 2011 Date Mayn 2011
C
GMR HYDERABAD AEROTROPOLIS LIlllnm
CASH FLO STATEMENT FOR THE YEAR ENDEJ) MARCH JI 20U (AlIlount in Rupees)
For the year ended
Mar31 lOll
For the year ended
Mar 3]2010
A CASH FLOW FROMJ (USED IN) OPERATING ACTIVITIES Net Profit Before Tax (624196) (878532) Auu Prior period expen(s 29(882middot
(587650)(624196) Adjustment f()r
Depreciation 6069 Intangible Asset Written OIT
-25302middot
(556279)Operating loss before working capital chunges t624l96)
Adjustment for working capital changes
([nc-rease) i Decrease in Loans and Advances (545723) IncreaSe (Decrease) in Current LiabHilies and Proisions
0898949)
25543727 21 17543
Net Cash Flow from Operating Acthities 101554243020582
B CASH FLOW FROM (lISED IN) INVESTING ACTIVITIES
Purchase of Fixed Assets Capital Work in Progress (Net) (5 l264J(97) (9460281)
(9Net Cash Flow from Investing Activities (51264697)
CASH FLOW FROVll (USfn IN) FINANCING ACTIVITIES Proceeds from Share Application money 25000000 -
12300000Proceeds from l llotmen1 of Share Capital middot _
12300000Net Cash Flow from Financing Activities 25000000
Net increase in Cash and Cash E(IUivalents (3244114) 3855254
196332Cash lind Cash Equivalents at the beginning of the Period 4051586 I
4051586Cash lind Cash Equivalents nt the end of the Pedod 807473 1
Notes
I The above cash flow slatemem has heen prepared under the lndirect Methud us set out in the Accounting Standard - 3 on Cash Flow Statements issued by the Institute of Chartered Accountants of India
For Brahmayya amp Co Fm and oobchalf of the Board of Directors of Firm Regislralioll No 000515S GMR Hyderabad Aerotrollolis Limited
Chartered Accllililants
Seli- Sd- Sdi-
G Srinivas Vikram Jaisinghani C Prasanna
Partner Director Director Membership Jn 086761 Fluce Place Hyderabad Place tiyderabad Dill May 23 2011 Dale May 2fn I Date May 23 2011
GMR HYDERAHAD AEROTROPOLIS LIMITED
Balance Sheet Abstract And Companys General Business Profile
1
2
3
4
5
Registratiou Details
Registration No 045400AP2007PLC054827 State Code Balance Sheet Date Mar312011
Capital Raised during the year (Amount in Rs Thousands)
Public Issue Nil Rights Issue
Bonus Issue Nil Private Placement
Position of Mobilisation and Development of Funds ( Amount in Rs Thousands)
Total LiabiHties 46800 Total assets
Sources of Funds
Paid - Up Capital 21800 Share Application Maney Reserves amp Surplus Nil Unsecured Loans Secured Loan Nil Grant from GOAP
AI)plieatjon of Funds
Net Fixed Assets 70606 lnvestments Net Current Assets w 25309 Misc Expenditure
iAccumulated Losses 1503
Performance of company ( Amount in Rs Thousands)
Total Income 0 Total Expenditure
Generic Names of Three Principal Products I Services of Company (as pelmiddot monetary terms)
Item Code NCi Product Description
NA NA
01
Nil Nil
46800
25000 Nil Nil
Nil
Nit
-624
POI and on behalf of the Board of Directors of GMR Hyderabad A-rotropolis Limited
Sdi- Sd-
Vikram JlIlsinghani C PraslInna
Director Director
Place Hyderabad Place Hyderabad Date May 23 20 II Date May 23 20 I t
7
8
GtlR HYUERABiJ AEROTROPOUS LIMITE))
SClIl[)VLE-9 Significant AewuHting Policies ami Notes to the Arcotlllh
Earnings Per Share I EPS)
Particulars Year cndd ~__~____________________________________________+-____~M~a~r31201~____-+______~~~~~~~~_ l Protit(Ioss) after lax (624196) b Weighted average l1umef of Equity Shares of Rs ( each nutstandind 2 i 80000 during the period
c Earnings per shan- Basic (029)
Auditors Rennmernlion
9 Tile Compruly 11a~ not rcc(gmsI-d the deftncd tax asset on cmTid forward losses ns at March 312011 on the hasis ofpnldcncc as per the reqmrements of Accounting Standard AS 22 Acomnting fOf Taxes 011 Income issued by the institute ()f Chartered Accltmntallis )f India
10 Based on the infomllllioll available with the compaJlY there ate llO micro slllall and medium entel1lfises to WllOlll tile company has paid imercsl or any interest payable on out~tandings (under the provision ltfSection 16 1ftht Micw Small and Medium Enterprise Development Act 20(6) during the period March 3 J 2011
I Addilionaiintbrmaliol1 pursuant to paragl aph~ J 4 4-( arid middot1~[) of pan - H of Schedule VI to ilie Companies cL 1956 to the extent ltlither Nil (r 111 Applicahle lut lot been furnished
12 PreViolls YCltII 1gures [Illve b~C1l regrouped and redassil1ed wherever necessary to conform wlboe of the current yc~l
F(middot Bnlbmayya amp Co For and on behalf oflhe Board olDirecwr5 or Fiml Registratioll No 00051iS CMR Hyderabad Aerotropolis Limited Chartereu ACc(luntmIS
Sd~ Sd- Sdf-
G Srjnivas Vikram Jaisinghani C Prasanna
Partn~r Director DirctOf Memhcrship No ()S67[)]
Place Hyderabad Place Hydcmbl1d Place Uyuerabau Dale My 23 2011 Dale May 23 2011 Date Mayn 2011
C
GMR HYDERABAD AEROTROPOLIS LIlllnm
CASH FLO STATEMENT FOR THE YEAR ENDEJ) MARCH JI 20U (AlIlount in Rupees)
For the year ended
Mar31 lOll
For the year ended
Mar 3]2010
A CASH FLOW FROMJ (USED IN) OPERATING ACTIVITIES Net Profit Before Tax (624196) (878532) Auu Prior period expen(s 29(882middot
(587650)(624196) Adjustment f()r
Depreciation 6069 Intangible Asset Written OIT
-25302middot
(556279)Operating loss before working capital chunges t624l96)
Adjustment for working capital changes
([nc-rease) i Decrease in Loans and Advances (545723) IncreaSe (Decrease) in Current LiabHilies and Proisions
0898949)
25543727 21 17543
Net Cash Flow from Operating Acthities 101554243020582
B CASH FLOW FROM (lISED IN) INVESTING ACTIVITIES
Purchase of Fixed Assets Capital Work in Progress (Net) (5 l264J(97) (9460281)
(9Net Cash Flow from Investing Activities (51264697)
CASH FLOW FROVll (USfn IN) FINANCING ACTIVITIES Proceeds from Share Application money 25000000 -
12300000Proceeds from l llotmen1 of Share Capital middot _
12300000Net Cash Flow from Financing Activities 25000000
Net increase in Cash and Cash E(IUivalents (3244114) 3855254
196332Cash lind Cash Equivalents at the beginning of the Period 4051586 I
4051586Cash lind Cash Equivalents nt the end of the Pedod 807473 1
Notes
I The above cash flow slatemem has heen prepared under the lndirect Methud us set out in the Accounting Standard - 3 on Cash Flow Statements issued by the Institute of Chartered Accountants of India
For Brahmayya amp Co Fm and oobchalf of the Board of Directors of Firm Regislralioll No 000515S GMR Hyderabad Aerotrollolis Limited
Chartered Accllililants
Seli- Sd- Sdi-
G Srinivas Vikram Jaisinghani C Prasanna
Partner Director Director Membership Jn 086761 Fluce Place Hyderabad Place tiyderabad Dill May 23 2011 Dale May 2fn I Date May 23 2011
GMR HYDERAHAD AEROTROPOLIS LIMITED
Balance Sheet Abstract And Companys General Business Profile
1
2
3
4
5
Registratiou Details
Registration No 045400AP2007PLC054827 State Code Balance Sheet Date Mar312011
Capital Raised during the year (Amount in Rs Thousands)
Public Issue Nil Rights Issue
Bonus Issue Nil Private Placement
Position of Mobilisation and Development of Funds ( Amount in Rs Thousands)
Total LiabiHties 46800 Total assets
Sources of Funds
Paid - Up Capital 21800 Share Application Maney Reserves amp Surplus Nil Unsecured Loans Secured Loan Nil Grant from GOAP
AI)plieatjon of Funds
Net Fixed Assets 70606 lnvestments Net Current Assets w 25309 Misc Expenditure
iAccumulated Losses 1503
Performance of company ( Amount in Rs Thousands)
Total Income 0 Total Expenditure
Generic Names of Three Principal Products I Services of Company (as pelmiddot monetary terms)
Item Code NCi Product Description
NA NA
01
Nil Nil
46800
25000 Nil Nil
Nil
Nit
-624
POI and on behalf of the Board of Directors of GMR Hyderabad A-rotropolis Limited
Sdi- Sd-
Vikram JlIlsinghani C PraslInna
Director Director
Place Hyderabad Place Hyderabad Date May 23 20 II Date May 23 20 I t
C
GMR HYDERABAD AEROTROPOLIS LIlllnm
CASH FLO STATEMENT FOR THE YEAR ENDEJ) MARCH JI 20U (AlIlount in Rupees)
For the year ended
Mar31 lOll
For the year ended
Mar 3]2010
A CASH FLOW FROMJ (USED IN) OPERATING ACTIVITIES Net Profit Before Tax (624196) (878532) Auu Prior period expen(s 29(882middot
(587650)(624196) Adjustment f()r
Depreciation 6069 Intangible Asset Written OIT
-25302middot
(556279)Operating loss before working capital chunges t624l96)
Adjustment for working capital changes
([nc-rease) i Decrease in Loans and Advances (545723) IncreaSe (Decrease) in Current LiabHilies and Proisions
0898949)
25543727 21 17543
Net Cash Flow from Operating Acthities 101554243020582
B CASH FLOW FROM (lISED IN) INVESTING ACTIVITIES
Purchase of Fixed Assets Capital Work in Progress (Net) (5 l264J(97) (9460281)
(9Net Cash Flow from Investing Activities (51264697)
CASH FLOW FROVll (USfn IN) FINANCING ACTIVITIES Proceeds from Share Application money 25000000 -
12300000Proceeds from l llotmen1 of Share Capital middot _
12300000Net Cash Flow from Financing Activities 25000000
Net increase in Cash and Cash E(IUivalents (3244114) 3855254
196332Cash lind Cash Equivalents at the beginning of the Period 4051586 I
4051586Cash lind Cash Equivalents nt the end of the Pedod 807473 1
Notes
I The above cash flow slatemem has heen prepared under the lndirect Methud us set out in the Accounting Standard - 3 on Cash Flow Statements issued by the Institute of Chartered Accountants of India
For Brahmayya amp Co Fm and oobchalf of the Board of Directors of Firm Regislralioll No 000515S GMR Hyderabad Aerotrollolis Limited
Chartered Accllililants
Seli- Sd- Sdi-
G Srinivas Vikram Jaisinghani C Prasanna
Partner Director Director Membership Jn 086761 Fluce Place Hyderabad Place tiyderabad Dill May 23 2011 Dale May 2fn I Date May 23 2011
GMR HYDERAHAD AEROTROPOLIS LIMITED
Balance Sheet Abstract And Companys General Business Profile
1
2
3
4
5
Registratiou Details
Registration No 045400AP2007PLC054827 State Code Balance Sheet Date Mar312011
Capital Raised during the year (Amount in Rs Thousands)
Public Issue Nil Rights Issue
Bonus Issue Nil Private Placement
Position of Mobilisation and Development of Funds ( Amount in Rs Thousands)
Total LiabiHties 46800 Total assets
Sources of Funds
Paid - Up Capital 21800 Share Application Maney Reserves amp Surplus Nil Unsecured Loans Secured Loan Nil Grant from GOAP
AI)plieatjon of Funds
Net Fixed Assets 70606 lnvestments Net Current Assets w 25309 Misc Expenditure
iAccumulated Losses 1503
Performance of company ( Amount in Rs Thousands)
Total Income 0 Total Expenditure
Generic Names of Three Principal Products I Services of Company (as pelmiddot monetary terms)
Item Code NCi Product Description
NA NA
01
Nil Nil
46800
25000 Nil Nil
Nil
Nit
-624
POI and on behalf of the Board of Directors of GMR Hyderabad A-rotropolis Limited
Sdi- Sd-
Vikram JlIlsinghani C PraslInna
Director Director
Place Hyderabad Place Hyderabad Date May 23 20 II Date May 23 20 I t
GMR HYDERAHAD AEROTROPOLIS LIMITED
Balance Sheet Abstract And Companys General Business Profile
1
2
3
4
5
Registratiou Details
Registration No 045400AP2007PLC054827 State Code Balance Sheet Date Mar312011
Capital Raised during the year (Amount in Rs Thousands)
Public Issue Nil Rights Issue
Bonus Issue Nil Private Placement
Position of Mobilisation and Development of Funds ( Amount in Rs Thousands)
Total LiabiHties 46800 Total assets
Sources of Funds
Paid - Up Capital 21800 Share Application Maney Reserves amp Surplus Nil Unsecured Loans Secured Loan Nil Grant from GOAP
AI)plieatjon of Funds
Net Fixed Assets 70606 lnvestments Net Current Assets w 25309 Misc Expenditure
iAccumulated Losses 1503
Performance of company ( Amount in Rs Thousands)
Total Income 0 Total Expenditure
Generic Names of Three Principal Products I Services of Company (as pelmiddot monetary terms)
Item Code NCi Product Description
NA NA
01
Nil Nil
46800
25000 Nil Nil
Nil
Nit
-624
POI and on behalf of the Board of Directors of GMR Hyderabad A-rotropolis Limited
Sdi- Sd-
Vikram JlIlsinghani C PraslInna
Director Director
Place Hyderabad Place Hyderabad Date May 23 20 II Date May 23 20 I t
![Aerotropolis Leadership Board[1]](https://img.pdfslide.us/doc/110x75/54685f37b4af9f3f3f8b5c67/aerotropolis-leadership-board1.jpg)
