(Global) Limited - GMR

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Emphasis of matter We draw attention to note 3 to these financial statements, which discloses that the company has recognised an investment in the fellow subsidiary company GMR Energy (Global) limited amounting to USD 194,017,173. The financial statements of GMR Energy (Global) Limited for the year ended 31 March 2010 include reference to uncertainty regarding the recoverability of the debentures from its fellow subsidiary GMR Holding (Malta) Limited. As a consequence of this matter, we consider there to be a material uncertainty regarding the ultimate realisation of the investment of the company in GMR Energy (Global) Limited. Our opinion is not qualified in respect of this matter. PricewaterhouseCoopers Chartered Accountants Douglas Isle of Man 2010 5
GMR Infrastructure (Global) Limited Profit and loss account for the year ended 31 March 2010 Income 2010 2009 Note ($) ($) Interest received 848 1,219 Expenses 848 1,219 Fees and professional charges (87,957) (30,863) Bank charges (1,072) (1,030) (Loss)/Gain on foreign exchange 23,659 (183) (Loss)/Profit on ordinary activities before taxation (64,522) (30,857) Taxation 2 (Loss)/Profit on ordinary activities after taxation (64,522) (30,857) Retained profit for the period (64,522) (30,857) All activities relate to continuing operations. The notes on pages 8 to 11 form an integral part of these financial statements. 6
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(Global) Limited - GMR

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