GMR Prowess Income Stmt

8/10/2019 GMR Prowess Income Stmt

1/53

Sector 2010 2011

Airports 14,013.40 26,953.70

Epc 4,008.50 5,155.80

Others 3,200.30 4,923.70

Power 20,254.70 22,358.40

Road 3,060.70 3,929.50Total sales 44,537.60 63,321.10

Sales growth assumption

Power sector lectricit! pro"uction to grow at

ence, we assume the "eman" wil

(s a result, we are assuming a agg

FY15 FY16 FY17

40# 20# 20#

(irports elhi & 2000 per passenger at 7

elhi passenger )oot)all to rise !

clu"ing :; 14, which was a one *thers ?he P' sector contriutes er! lit

ith the same reason, we are con

FY15 FY16 FY17

5.00# 5.00# 5.00#

15# 15# 15#

&oa" ?he one


2/53

Selling, $eneral > ("mn. penses 38.8#

epreciation

*ther et -ncome/ 25.0#

*ther et penses 11.0#

nterest ncome 3.6#

nterest pense 21.7#

ncome ?aes

Balance Sheet

Assets

'ash an" %ar@etale Securities 5.0# o) sales ase" on hist

(ccounts &eceiale 6.5# o) sales, ase" on his

nentories 0.4# o) sales, ase" on his

*ther 'urrent (ssets 2.0# o) sales, ase" on his

Propert!, Plant an" uipment, $ross


3/53

44,537.60


4/53

2012 2013 2014 A!R 2015 2016 2017

25,609.40 41,730.20 51,513.00 43.82# 74693.85 110546.9 165820.3

11,749.90 13,606.20 4,687.00 3.99# 4921.35 5167.418 5425.788

6,008.70 5,852.40 5,710.00 15.57# 6566.5 7551.475 8684.196

22,024.90 22,321.20 32,713.00 12.73# 45798.2 54957.84 65949.41

3,316.50 4,070.90 1,759.00 9.97# 2022.85 2326.278 2675.21968,709.40 87,580.90 96,382.00 21.29# 134002.8 180549.9 248555

0.39033 0.34736 0.376655

.5# an" "eman" to grow at 7.5#. $%& growing at a '($& o) 12.73#. %'* an"

l e meet in the net e !ears ! the re)orms o) the new goernment.

ressie growth rate o) 30# )or the !ear 2015 an" then 13# )or the suseuent !

mn passengers, h!"eraa" & 1650 per passenger at 30 mn passengers.

6# !o! an" h!"eraa" at 10# !o!

=, the '($& is at 43#. (lso, with the new airport contract )rom philipines will co

in the passenger )oot)all we are assuming that the reenues )rom the airport will

le to the oerall reenues. oweer, consi"ering the optimistic )uture )or the po

i"ering a growth rate o) 12# as the growth rate )or others segment

P'

*thers

14 was ecause o) the 74# sta@e "iestment in two epresswa!s.

ie growth o) aroun" 15


5/53

o) sales, ase" on historical aerage

calculate" ase" on others



'alculate ase" on aerage alance an" interest rate specie"

:or S? calculate ase" on aerage alance an" interest rate specie"

:or ? interest epense will remain unchange" at F13.5 milliono) pre


6/53


7/53

F44,528.4 F63,321.4 F68,704.3 F87,580.0

9.20


8/53

r


9/53


10/53

'onsoli"ate" iailities Summar!

$ % & n)rastructure t". %ar )un"s ! got., others

'onertile warrants

Share application mone! > suspense account 2,000.00 18,148.90

%inorit! interest reseres 17,901.50 19,981.20

&eseres an" )un"s 63,003.20 72,780.10 :ree reseres 9,141.20

Specic reseres 53,862.00 73,571.60

&ealuation reseres

(ccumulate" losses 791.5

Dorrowings 211,746.10 233,441.90

Dorrowing )rom an@s 106,757.80 135,062.50

Dorrowing )rom nancial institutions 27,944.40 39,143.70

Dorrowings )rom central > state got 3,150.50 3,150.50

Dorrowings s!n"icate" across an@s > institutions

eentures an" on"s 15,750.00 11,090.00

:oreign currenc! orrowings 36,849.80 40,881.00

oans )rom promoters, "irectors an" sharehol"ers

nter


11/53

Share application mone! < re)un"ale 0.5 0.5

*ther current liailities 1,383.20 19,835.00

Proisions 3,889.90 2,403.60

?otal liailities 323,161.50 421,542.40

%emoran"um ?angile net worth 39,119.40 46,629.20

?otal outsi"e liailities 227,487.60 296,141.30

?otal term liailities 187,075.20 188,180.50

'ontingent liailities 203,870.20 225,134.20

(uthorise" euit! capital 7,500.00 7,500.00

ssue" euit! capital 3,667.40 3,892.40

ong term orrowings 187,075.20 188,180.50 Short term orrowings 24,670.90 45,261.40


12/53

%ar


13/53

0.5 0.5

34,798.30 43,023.50

3,496.60 4,422.90

573,550.40 650,600.00

15,853.00


14/53

Financial Statements for #M$ Infrastructure

Income Statement%istoric

&(( &(&

Sales F44,528.4 F63,321.4

'ost o) Sales F18,531.6 F24,871.7$ross *perating ncome F25,996.8 F38,449.7

traor"inar! *ther ncome F2,134.0 F3,547.2

Selling, $eneral > ("mn. penses F13,190.2 F23,617.2

epreciation > (mortisation F6,416.3 F7,890.0

*ther et penses F857.6 F12,106.9

D? F7,666.7 -F1,617.2/

nterest -ncome/ $2,54. $2,!12.4nterest pense F8,250.6 F12,120.9

Pre


15/53

?otal on


16/53

l period Forecast 4eriod

&(, &(. &(+ &(0 &(1 &(5

F68,704.3 F87,580.0 F96,382.0 F134,002.8 F180,549.9 F248,555.0

F25,715.8 F22,307.2 F24,549.1 F34,131.4 F45,987.2 F63,308.6F42,988.5 F65,272.8 F71,832.9 F99,871.4 F134,562.7 F185,246.4

F16,507.9 F25,535.3 F31,919.1 F39,898.9 F49,873.6 F62,342.0

F28,856.5 F40,685.1 F56,488.7 F78,431.1 F108,896.7 F151,196.3

F6,838.8 F8,030.4 -F343.3/ -F336.5/ -F329.7/ -F323.1/

F18,559.4 F22,508.6 F24,362.7 F30,453.3 F38,066.7 F47,583.3

F5,241.7 F19,584.0 F23,243.9 F31,222.3 F37,802.7 F49,132.0

$1,4!.4 $2,002.0 $2,074.5 $2,14. $2,227.5 $2,!0.1F18,062.1 F20,054.3 F24,409.0 F29,709.4 F36,160.6 F44,012.8

-F10,877.0/ F1,531.7 F909.4 F3,662.6 F3,869.5 F7,427.3

F1,901.7 F2,477.6 F0.0 F1,098.8 F1,160.9 F2,228.2

/)(*+55-.2 )(*,+.-( )66-. )&*+0,-5 )&*15-1 )+*(66-(

F0.0 F0.0 F0.0 F0.0 F0.0 F0.0

F909.4 F2,563.8 F2,708.7 F5,199.1


&(, &(. &(+ &(0 &(1 &(5

F46,984.7 F69,306.0 F72,771.3 F76,409.9 F80,230.4 F84,241.9

F37,477.5 F43,552.0 F46,382.9 F49,397.8 F52,608.6 F56,028.2

F2,594.5 F2,704.3 F2,715.6 F2,726.9 F2,738.2 F2,749.6

F46,984.7 F54,466.7 F55,556.0 F56,667.2 F57,800.5 F58,956.5F134,041.4 F170,029.0 F177,425.8 F185,201.6 F193,377.7 F201,976.2

F274,430.7 F325,131.2 F318,628.6 F312,256.0 F306,010.9 F299,890.7

F41,154.2 F49,804.3 F49,461.0 F49,124.5 F48,794.7 F48,471.6

F233,276.5 F273,352.2 F269,167.6 F263,131.5 F257,216.1 F251,419.1

F206,232.5 F207,218.8 F196,857.9 F187,015.0 F177,664.2 F168,781.0


17/53

F439,509.0 F480,571.0 F466,025.5 F450,146.5 F434,880.4 F420,200.1

)+1,*++-. )0+*0- )0.,*.+(-& )0,+*,.5-( )0&5*&+5- )0&&*(10-&

F49,732.5 F57,379.1 F63,117.0 F69,428.7 F76,371.6 F114,008.7

F72,155.8 F52,022.5 F124,198.0 F129,641.1 F135,364.4 F141,383.3F38,294.9 F47,446.4 F52,191.0 F57,410.1 F63,151.2 F69,466.3

F160,183.2 F156,848.0 F239,506.1 F256,480.0 F274,887.1 F324,858.3

F288,809.5 F371,478.7 F221,478.7 F199,330.8 F169,431.2 F144,016.5

F11,461.4 F12,580.5 F12,816.0 F13,056.0 F13,300.4 F13,549.4

F465,517.4 F544,643.7 F536,585.5 F525,918.6 F516,119.8 F504,838.9

F3,892.4 F3,892.4 F3,892.4 F3,892.4 F3,892.4 F3,892.4

F104,140.6 F102,063.9 F102,973.3 F105,537.1 F108,245.8 F113,444.9

F108,033.0 F105,956.3 F106,865.7 F109,429.5 F112,138.2 F117,337.3

)+1,*++-. )0+*0- )0.,*.+(-& )0,+*,.5-& )0&5*&+5- )0&&*(10-&

(*0+0) (*0+0) (*0+0) *0+0


18/53

&(

Sales 100.00#

'ost o) Sales 41.62# $ross *perating ncome 58.38#

*ther et ncome 4.79#

Selling, $eneral > ("mn. penses 29.62#

epreciation > (mortisation 14.41#

*ther et penses 1.93#

D? 17.22#

nterest -ncome/ 5.72%nterest pense 18.53#

Pre


19/53

?otal on


20/53

%istorical period Forecast 4eriod

&(( &(& &(, &(. &(+ &(0 &(1

100.00# 100.00# 100.00# 100.00# 100.00# 100.00# 100.00#

39.28# 37.43# 25.47#60.72# 62.57# 74.53#

5.60# 24.03# 29.16#

37.30# 42.00# 46.45#

12.46# 9.95# 9.17#

19.12# 27.01# 25.70#


21/53

75.14# 76.63# 73.87#

0.00# 0.00# 0.00#

100.00# 100.00# 100.00#

0.00# 0.00# 0.00#

0.00# 0.00# 0.00#

10.17# 8.67# 8.82#

10.74# 12.58# 8.00#5.28# 6.68# 7.29#

26.18# 27.93# 24.11#

0.00# 0.00# 0.00#

44.64# 50.35# 57.10#

1.94# 2.00# 1.93#

72.91# 81.16# 83.71#

0.00# 0.00# 0.00#

0.92# 0.68# 0.60#

26.16# 18.16# 15.69#

27.09# 18.84# 16.29#0.00# 0.00# 0.00#

100.00# 100.00# 100.00#


22/53

323161.5 421542.4


23/53


24/53

44528.4 63321.4 68704.3

573550.4 650600


25/53


26/53


27/53


28/53

:; 08


29/53

'onsoli"ate" (ssets Summar!

$ % & n)rastructure t". %ar commn euipment an" in)rastructure 19,020.40

:urniture, social amenities an" other e" assets 5,626.90

et lease resere a"Custment

'apital wor@


30/53

%iscellaneous epenses not written o=

?otal assets 323,161.50


31/53

%ar


32/53

617.3 5,063.30 3,736.50

421,542.40 573,550.40 650,600.00


33/53

Consoli&ate& 'n(ome ) *+en&iture Summar

istorical perio"

# M $ Infrastructure Ltd- Mar8( Mar8(( Mar8(&

Curren( /s. "illion on-nnualise&3 (& mths (& mths (& mths

-

3otal income 4,21.20 ,1.0 7,14.50

Sales 44,52.40 !,!21.40 ,704.!0

'n&ustrial sales 25,!.40 2,20!.70 1,7.0

'n(ome #rom non-#inan(ial seri(es 1,1!2.00 !5,117.70 4,07.70

'n(ome #rom #inan(ial seri(es !,25.20 !,!0.0 !,54.0

'nterest in(ome 2,54.0 2,!12.40 1,4!.40

Dii&en&s (+-5 .4

'n(ome #rom treasur oerations 05+-0 1,01.0 1,25.0

Other in(ome +&+-+ 514.2 17.5

rior erio& an& e+tra-or&inar in(ome 61-( 1,2.40 14,.10

9hange in stoc: &5-+ 5.! 27.7

3otal e;penses 47,24.!0 0,511.0 ,0!2.0 Oeratin6 e+enses !2,02.10 4,5.!0 55,5!.10

/a materials, stores ) sares 1!,.20 1,0.70 !,47.50

ur(hase o# #inishe& 6oo&s 4,042.40 ,5!.10 ,10.!0

a(8a6in6 an& a(8in6 e+enses

oer, #uel ) ater (har6es 20 14,11.0 1,1!1.00

Comensation to emloees !,10.50 4,21.0 5,517.0

'n&ire(t ta+es !1!.4 !4.4 42.7

/oalties, te(hni(al 8no-ho #ees, et( 2. 74.1 14.!

/ent ) lease rent 50.2 !. 41.1

/eairs ) maintenan(e 1,!47.10 2,711.10 !,17.!0

'nsuran(e remium ai& 2!7.2 !07. !5.

Outsour(e& manu#a(turin6 9obs 4,!.50 ,207.00

Outsour(e& ro#essional 9obs 1,0.!0 2,0!!.!0 2,4!2.00

Dire(tors: #ees .! 14 .1

Sellin6 ) &istribution e+enses 7.5 770 1,00.0

Trael e+enses 15. 4!. 52

Communi(ations e+enses 4. 117.2 114.7

rintin6 ) stationer e+enses .1 77.4 5.4

"is(ellaneous e+en&iture 5. 7!5 54.1

Other oerational e+ o# in&ustrial ent 5,2!2.20 ,770.!0 7,0!.!0

Other oerational e+ o# non-#in seri(es ent 55.7 42.2 47

Share o# loss in other enterrises

;inan(ial (har6es ,502.0 1!,211.!0 1,2.70

;ee base& #inan(ial seri(es e+enses 252.! 1,00.40 1,2!4.0

;un& base& #inan(ial seri(es e+enses ,250.0 12,120.0 1,02.10

'nterest ai& 7,1.20 11,7.10 17,172.0

;inan(ial (har6es on instruments 4.

roisions . ,552.00 51.

on-(ash (har6es ,41.!0 7,0.00 ,!.0

Dere(iation ,122.40 7,0.00 ,4.50

mortisation 4!4.7


34/53

4rofit after ta; 2,25!.40 -10,4.70 -10,5.40

"inorit interest -45!. 1,12!.!0 4,555.00

Share in ro#it or loss in asso(iate an& 9 -215. -!4. 0

=D'T 1,0.20 20,424.0 20,.0

=T 1,7.40 -10,22.70 -,.70

2,547.80


35/53

Mar8(,

(& mths

115,14.70

7,50.00

20,24.20

7,25.0

!,1!1.0

2,002.00

0.4

1,100.10

1

24,2!.0

-207

11!,55.0

4,244.70

2,!!.40

7,77.00

12,15.0

5,01.0

55.

147.

1,24.50

!,554.0

!0.1

,52.70

2,57.0017.7

1,50.0

41.1

10.7


36/53

1,!54.10 1,972.90


37/53

2013 2012 2011 2010 2009 2008

+e! &atios

et


38/53

(ssets &ates -S%/

Plant an" euipments 4.75# 4.75#

*Ace euipments 4.75# 4.75#

:urniture an" tures 6.33# 6.33#

Hehicles 9.50# 9.50#

'omputers 16.21# 16.21#

epreciation on plant an" machiner! is proi"e" using straight line metho" a


39/53

the rate o) 5.28# per annum


40/53

Financial Statements for #M$ Infrastructure

Income Statement%istoric

&(( &(&

Sales F44,528.4 F63,321.4

'ost o) Sales F18,531.6 F24,871.7$ross *perating ncome F25,996.8 F38,449.7

traor"inar! *ther ncome F2,134.0 F3,547.2

Selling, $eneral > ("mn. penses F13,190.2 F23,617.2

epreciation > (mortisation F6,416.3 F7,890.0

*ther et penses F857.6 F12,106.9

D? F7,666.7 -F1,617.2/

nterest -ncome/ $2,54. $2,!12.4nterest pense F8,250.6 F12,120.9

Pre


41/53

?otal on


42/53


&(, &(. &(+ &(0 &(1

F68,704.3 F87,580.0 F96,382.0 F134,002.8 F180,549.9

F25,715.8 F22,307.2 F24,549.1 F34,131.4 F45,987.2F42,988.5 F65,272.8 F71,832.9 F99,871.4 F134,562.7

F16,507.9 F25,535.3 F31,919.1 F39,898.9 F49,873.6

F28,856.5 F40,685.1 F56,488.7 F78,431.1 F108,896.7

F6,838.8 F8,030.4 -F343.3/ -F336.5/ -F329.7/

F18,559.4 F22,508.6 F24,362.7 F30,453.3 F38,066.7

F5,241.7 F19,584.0 F23,243.9 F31,222.3 F37,802.7

$1,4!.4 $2,002.0 $2,074.5 $2,14. $2,227.5F18,062.1 F20,054.3 F24,409.0 F29,709.4 F36,160.6

-F10,877.0/ F1,531.7 F909.4 F3,662.6 F3,869.5

F1,901.7 F2,477.6 F0.0 F1,098.8 F1,160.9

/)(*+55-.2 )(*,+.-( )66-. )&*+0,-5 )&*15-1

F0.0 F0.0 F0.0 F0.0 F0.0

F0.0 F2,563.8 F2,708.7


&(, &(. &(+ &(0 &(1

F46,984.7 F69,306.0 F72,771.3 F76,409.9 F80,230.4

F37,477.5 F43,552.0 F46,382.9 F49,397.8 F52,608.6

F2,594.5 F2,704.3 F2,715.6 F2,726.9 F2,738.2

F46,984.7 F54,466.7 F55,556.0 F56,667.2 F57,800.5F134,041.4 F170,029.0 F177,425.8 F185,201.6 F193,377.7

F274,430.7 F325,131.2 F318,628.6 F312,256.0 F306,010.9

F41,154.2 F49,804.3 F49,461.0 F49,124.5 F48,794.7

F233,276.5 F273,352.2 F269,167.6 F263,131.5 F257,216.1

F206,232.5 F207,218.8 F196,857.9 F187,015.0 F177,664.2


43/53

F439,509.0 F480,571.0 F466,025.5 F450,146.5 F434,880.4

)+1,*++-. )0+*0- )0.,*.+(-& )0,+*,.5-( )0&5*&+5-

F49,732.5 F57,379.1 F63,117.0 F69,428.7 F76,371.6

F72,155.8 F52,022.5 F187,892.2 F187,602.3 F194,774.9F38,294.9 F47,446.4 F52,191.0 F57,410.1 F63,151.2

F160,183.2 F156,848.0 F303,200.2 F314,441.2 F334,297.6

F288,809.5 F371,478.7 F221,478.7 F199,330.8 F169,431.2

F11,461.4 F12,580.5 F12,816.0 F13,056.0 F13,300.4

F465,517.4 F544,643.7 F537,494.9 F526,828.0 F517,029.2

F3,892.4 F3,892.4 F3,892.4 F3,892.4 F3,892.4

F104,140.6 F102,063.9 F102,063.9 F104,627.7 F107,336.4

F108,033.0 F105,956.3 F105,956.3 F108,520.1 F111,228.8

)+1,*++-. )0+*0- )0.,*.+(-& )0,+*,.5-( )0&5*&+5-

*0+0 *0+0 *0+0


44/53

&(5

F248,555.0

F63,308.6F185,246.4

F62,342.0

F151,196.3

-F323.1/

F47,583.3

F49,132.0

$2,!0.1F44,012.8

F7,427.3

F2,228.2

)+*(66-(

F0.0

F5,199.1

&(5

F84,241.9

F56,028.2

F2,749.6

F58,956.5F201,976.2

F299,890.7

F48,471.6

F251,419.1

F168,781.0


45/53


46/53


47/53

?otal on


48/53


&(& &(, &(. &(+ &(0 &(1

100.00# 100.00#

37.43# 25.47#62.57# 74.53#

24.03# 29.16#

42.00# 46.45#

9.95# 9.17#

27.01# 25.70#

7.63# 22.36#

2.!% 2.2%26.29# 22.90#


49/53

76.63# 73.87#

0.00# 0.00#

100.00# 100.00#

0.00# 0.00#

0.00# 0.00#

8.67# 8.82#

12.58# 8.00#6.68# 7.29#

27.93# 24.11#

0.00# 0.00#

50.35# 57.10#

2.00# 1.93#

81.16# 83.71#

0.00# 0.00#

0.68# 0.60#

18.16# 15.69#

18.84# 16.29#0.00# 0.00#

100.00# 100.00#


50/53

323161.5 421542.4 573550.4 650600


51/53


52/53

44528.4 63321.4 68704.3 87580


53/53

Documents

GMR Prowess Income Stmt