GMR Corporate Affairs Private Limited

Auditors’ Report
To
The Members,
GMR Corporate Affairs Private Limited
We have audited the attached Balance Sheet of GMR Corporate Affairs Private Limited
as at 31 st March , 2010 and the Profit and Loss Account of the company for the year
ended on that date and annexed thereto. These financial statements are the responsibility
of the Company’s management. Our responsibility is to express our opinion on these
financial statements based on our audit.
We conducted our audit in accordance with auditing standards generally accepted in India.
Those 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 a 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 management, as well as evaluating the
overall financial statement presentation. We believe that our audit provides a reasonable
basis for our opinion.
As required by the Companies (Auditor's Report) (Amendment) Order, 2004 (CARO)
issued by the Central Government of India in terms of sub-section (4A) of section 227 of
the Companies Act, 1956, we enclose in the Annexure a statement on the matters
specified in paragraphs 4 and 5 of the said order to the extent applicable.
Further to our comments in the annexure referred to above, we report that:
1. We have obtained all the information and explanation, which to the best of our
knowledge and belief were necessary for the purpose of our audit.
2. In our opinion proper books of account as required by law have been kept by the
Company so far as it appears from our examination of those books.
3. The Balance Sheet and profit and loss account dealt with by this report is in
agreement with the books of account.
4. In our opinion, the balance sheet dealt with in this report comply with the
accounting Standards referred to in Sub-Section (3C) of Section 211 of the
Companies Act, 1956.
5. On the basis of the written representations received from the directors as on 31 st
March, 2010 and taken on record by the board of directors, we report that none
of the directors are disqualified as on 31 st March, 2010 from being appointed as
director under clause (g) of sub-section (1) of section 274 of the Companies Act,
1956;

6. In our opinion, and to the best of our information and according to the
explanations given to us, the said accounts give the information as 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
31st March 2010, and
(ii) in the case of Profit and Loss Account, the Loss for the year ending on that
date.
(iii) in the case of cash flow statement, of the cash flows for the year ended on that
date.
for GURU & JANA
Chartered Accountants
Sd/-
M.Surendra Reddy
Partner
Membership No: 215205
Firm Registration No: 006826S
Place: Bangalore
Date: May 18, 2010

Annexure to Auditors’ Report
The annexure refereed in the auditor’s report for the year ended 31 st March 2010. We
report that :
i) The Company does not have any fixed assets thereof this clause is not applicable
iv) The Company is in the business of providing corporate services & hence this clause
not applicable to the Company.
v) The Company has neither given nor taken any unsecured loan from or to companies
listed in the registers maintained u/s 301 of the Companies Act, 1956.
vi) 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 sale of services. During the course of our
audit, we have not observed any continuing failure to correct major weakness in the
internal control.
vii) According to the information and explanations given to us, we are of the opinion that
the transactions, that needed to be entered into the Register in pursuance of section
301 of Companies Act, 1956 have been so entered.
viii) The Company has not accepted any deposits from the public within the meaning of
Sections 58A and 58AA of the Act and the rules framed there under.
ix) At present the Company has internal audit system.
x) According to the information and explanations given to us the Central Government
has not prescribed the maintenance of cost records as prescribed under clause (d)
of sub-section (1) of section 209 of the Companies Act in respect of the services
carried out by the Company.
xi) According to the information and explanations given to us and on the basis of our
examination of books of accounts, undisputed statutory dues, income tax and cess
have been regularly deposited with the appropriate authorities.
According to the information and explanations given to us and on the basis of our
examination of books of accounts, no undisputed statutory dues were outstanding as
on 31 st March 2010 for a period of more than six month from the date they become
payable.
According to the information and explanations given to us and on the basis of our
examination of books of accounts, no undisputed statutory dues including income tax
and excise duty were outstanding on 31 st March 2010.
xii) In our opinion, and according to the information and explanations given to us the
company has defaulted in repayment of dues to the banks.

xiii)
xiv)
xv)
xvi)
xvii)
xviii)
xix)
xx)
xxi)
xxii)
The Company has not granted loans and advances on the basis of security by
way of pledge of shares and other securities. Accordingly, clause 4 (xii) of the
order is not applicable.
The Company is not a chit fund, nidhi, mutual benefit fund or a society.
Accordingly clause 4 (xiii) of the order is not applicable.
According to the information and explanations given to us, the Company is not
dealing or trading in shares, securities, debentures and other investments.
Accordingly, clause 4 (xiv) of the order is not applicable.
According to the information and explanations given to us, the Company has not
given any guarantee for loans taken by others from banks or financial institutions.
Accordingly, clause 4(xv) of the order is not applicable.
The Company does not have any term loans during the year. Hence, this clause
is not applicable.
According to the information and explanations given to us and on an overall
examination of the balance sheet of the company, we report that no funds raised
on short-term basis have been used for long-term investment. No long-term
funds have been used to finance short-term assets.
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 4(xviii) of the order is not applicable.
The Company has not issued any debentures. Accordingly, clause 4(xix) of the
order is not applicable.
The Company has not raised any money by public issues during the year.
Accordingly, clause 4 (xx) of the order is not applicable.
According to the information and explanations given to us, no fraud on or by the
Company has been noticed or reports during the year.
for GURU & JANA
Chartered Accountants
Sd/-
M.Surendra Reddy
Partner
Membership No: 215205
Firm Registration No: 006826S
Place: Bangalore
Date: May 18, 2010

GMR CORPORATE AFFAIRS PRIVATE LIMITED
No.25/1, Skip House, Museum Road, Bangalore - 560 025
BALANCE SHEET AS AT MARCH 31, 2010
(Amount in Rupees)
Particulars
Sch No.
As at
March 31, 2010
As at
March 31, 2009
SOURCES OF FUNDS
Share Holders Funds
Share Capital 1 50,000,000 100,000
Share Application Money 110,266,139 -
Reserve & Surplus 2 4,672,521 345,178
Total 164,938,660 445,178
APPLICATION OF FUNDS
Deffered Tax Asset 157,551 -
Current Assets, Loans & Advances
Cash & Bank Balances 3 7,929,843 2,536,494
Sundry Debtors 4 27,063,249 53,499,498
Loans & Advances 5 189,571,444 1,140,864
224,564,536 , 57,176,856
,
Less : Current Liabilities & Provisions 6
Current Liabilities 58,564,046 56,731,678
Provisions 1,219,381 -
Net Current Assets 164,781,109 445,178
Total 164,938,660 445,178
Significant accounting policies and notes to accounts 12
As Per our Report of even date
for GURU & JANA
Chartered Accountants
Firm Registration No :006826S
For and on behalf of the Board of Directors
Sd/- Sd/- Sd/-
M Surendra Reddy
A Subba Rao
A.S.Cherukupalli
Partner Director Director
M.No.215205
Place: Bangalore
Date: 18th May 2010

GMR CORPORATE AFFAIRS PRIVATE LIMITED
No.25, Skip House, Museum Road, Bangalore - 560 025
PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED MARCH 31, 2010
(Amount in Rupees)
Particulars
Sch No.
Year Ended
March 31, 2010
Year Ended
March 31, 2009
Income
Operating Income 7 151,756,192 -
Other Income 8 22,882 -
151,779,074 -
Expenditure
Expenditure incurred under various expense heads in terms of
cost sharing arrangement - 106,078,902
Operations & Maintenance Expenditure 9 97,235,622 -
Personnel Expenses 10 44,540,652 -
Interest and Finance charges 11 2,160,990 -
143,937,264 106,078,902
Less: Amount shares/ recovered from Group Companies in
terms of cost sharing arrangement - 106,078,902
Profit before tax 7,841,810 -
Provision for Tax
Current Tax 3,714,486 486
-
Earlier Years (42,468) -
Deffered Tax (157,551) -
Net Profit / (loss) for the year 4,327,343 -
Surplus brought forward from the previous year 345,178 345,178
Balance Carried to Balance Sheet 4,672,521 345,178
Earnings Per Share (Per Share of Rs.10/- each)
Basic 182.81 -
Diluted 0.27 -
Significant accounting policies and notes to accounts 12
As Per our Report of even date
for GURU & JANA
Chartered Accountants
Firm Registration No :006826S
For and on behalf of the Board of Directors
Sd/- Sd/- Sd/-
M Surendra Reddy A Subba Rao A.S.Cherukupalli
Partner Director Director
M.No.215205
Place: Bangalore
Date: 18th May 2010

GMR CORPORATE AFFAIRS PRIVATE LIMITED
No.25/1, SKIP House, Museum Road, Bangalore - 560 025
SCHEDULES FORMING PART OF THE BALANCE SHEET AS AT MARCH 31, 2010
(Amount in Rupees)
Particulars
SCHEDULE - 1
SHARE CAPITAL
Authorised Capital - Equity
As at
March 31, 2010
As at
March 31, 2009
50,00,000(Previous year 10,000) Equity Shares of
Rs.10/- each 50,000,000 100,000
150,00,000(Previous year Nil) Preference Shares of
Rs.10/- each 150,000,000 -
200,000,000 100,000
Issued, Subscribed & Paid Up
50,00,000 (Pervious year 10,000) Fully Paid up Equity
Shares of Rs. 10/- each
((Out of the above 49,99,900 held by GMR
Infrastructure Ltd) (Previous year 9,900 shares held by
GMR Holdings Pvt Ltd))
50,000,000 100,000
50,000,000 100,000
SCHEDULE - 2
RESERVES AND SURPLUS
Profit & Loss Account
Opening Balance 345,178 345,178
Add: Net Profit ( Loss) during the Year 4,327,343 -
4,672,521 345,178
SCHEDULE - 3
CASH & BANK BALANCES
Balances With Sch Banks - Current Accounts 7,929,843 2,536,494
7,929,843 2,536,494
SCHEDULE - 4
SUNDRY DEBTORS
Debts outstanding for a period exceeding six months - -
Others Debts (Receivable from group companies) 27,063,249 53,499,498
27,063,249 53,499,498

SCHEDULE - 5
LOANS AND ADVANCES
Particulars
As at
March 31, 2010
As at
March 31, 2009
Advance tax(net of provisions) 6,267,325 135,626
Loans to Employees 8,837,260 -
Deposit 2,121,080 400,000
Other Receivables - Group Companies 157,761,578 1,685
Other Advances 14,584,201 603,553
189,571,444 1,140,864
SCHEDULE - 6
CURRENT LIABILITIES
Sundry Creditors for Expenses 44,480,446 1,431,678
Statutory Liabilities 14,083,600 -
Other Liabilities ( Group companies) - 55,300,000
58,564,046 56,731,678
PROVISIONS
Provisions-Others-Gratuity 83,112 -
Provisions-Others-Superannuation 672,748 -
Provision - Leave Encashment 463,521
1,219,381 -

GMR CORPORATE AFFAIRS PRIVATE LIMITED
No.25/1, SKIP House, Museum Road, Bangalore - 560 025
SCHEDULES TO PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED MAR 31, 2010
(Amount in Rupees)
Particulars
Year Ended
Year Ended
March 31, 2010 March 31, 2009
SCHEDULE - 7
Operating Income
Income from services 151,756,192 -
Total 151,756,192 -
SCHEDULE - 8
Other Income 22,882 -
Total 22,882 -
SCHEDULE - 9
Operations & Maintenance Expenditure
Professional and Consultancy Charges 23,136,049 -
Travelling Expenses 28,496,003 -
Communication Expenses 6,463,987 -
Repairs & Maintenance 2,229,681 -
Printing & Stationary 1,629,441 -
Auditors Remuneration - -
- Audit Fees 25,000 -
- Certification Charges 58,548 -
Rates & Taxes 1,922,812 -
Donation 3,200,000
Training Expenses 29,686 -
Rent 944,708 -
House Keeping Expenses 1,556,192 -
Office Maintenance 2,014,185 -
Security Expenses 578,833 -
Vehicle Running & Maintenance Expenses 905,493
Courier Expenses 178,139 -
Transit House Expenses 1,184,259 -
Business Promotion Expenses 19,785,962 -
Meetings & Seminars 365,518 -
Foreign Exchange Loss 1,539,021
Partner 992,105 -
Total 97,235,622 -
SCHEDULE - 10
Personnel Expenses
Salaries & Other Benefits 42,223,200 -
Staff Welfare & Amenities 2,317,452 -
Total 44,540,652 -
SCHEDULE - 11
INTREST AND FINANCE CHARGES
Interest to Bank 2,102,339 -
Bank charges 58,651 -
Total 2,160,990 -

GMR CORPORATE AFFAIRS PVT LTD
25/1, Skip House, Museum Road, Bangalore – 560 025
Schedule M
Nature of Business
The company formed to provide corporate services to corporate and other clients. In the
current interim period, the business of the company has been expanded to provide services
to Group Companies situated outside India. In view of the above, the nature of services
provided by the company in the current interim period is relation to Business Promotion,
International Travel etc., as compared to services provided by the company in the Financial
Year 2008-09 which was mainly in relation to providing common facilities to Group
Companies.
The company has provided the corporate services to its group’s domestic companies on
actual cost basis (i.e. no Profit no Loss). However the company is providing services with a
profit margin to group’s international companies.
Significant Accounting Policies and Notes to Accounts
I. Significant Accounting Policies
A. Basis of Accounting
The Financial Statements are prepared in accordance with the historical cost convention and
to comply in all material aspects with the applicable accounting principles in India, the
accounting standards notified under Sub-section (3C) of section 211 of the Companies Act,
1956 of India (the ‘Act) and other relevant provisions of the Act. The significant accounting
policies are as follows.
B. Revenue Recognition
Income from management and technical services is recognized as per the terms of the
agreement and on the basis of services rendered.
C. Foreign Exchange Fluctuations
All foreign currency transactions are accounted for at the exchange rates prevailing on the
date of such transactions. Monetary assets and liabilities are translated at the exchange rate
prevailing on the balance sheet date and the resultant gain /loss is recognized in the financial
statements

D . Retirement Benefits:
a. Defined Contribution Plan :
Contributions paid/payable to defined contribution plans comprising of provident fund and
pension fund are charged on accrual basis.
The company also has a defined contribution to superannuation plan (under a scheme of
Life Insurance Corporation of India) covering all its employees and contribution in respect
of such scheme are charged on accrual basis in Profit and Loss Account. The company
makes monthly contribution and has no further obligation under the plan beyond its
contribution.
b. Defined benefit Plan:
Gratuity for employee is covered under a scheme of Life Insurance Corporation of India
and contributions in respect of such scheme are recognized in Profit and Loss Account.
The liability as at the Balance Sheet date is provided for based on the accrual valuation in
accordance with the requirements of AS 15 as at the end of the year.
c. Other Long Term Employee Benefits:
Other long term employee benefits comprise of leave encashment which is provided for
based on the accrual valuation carried out in accordance with Revised AS 15 as at the
end of year.
d. Short Term Employee Benefits:
Short term employee benefits including accumulated compensated absences as at the
Balance Sheet date are recognized as an expense as per company’s schemes based on
the expected obligation on an undiscounted basis.
E. Earnings per Share (EPS)
The earnings considered in ascertaining the company’s Earnings per Share (EPS)
comprise the net profit after tax less dividend (Including dividend distribution tax) on
preference shares. The number of shares used for computing the basic EPS is the
weighted average number of shares outstanding during the year.
F. Taxes on Income
Income taxes are computed and recognized, on accrual basis in the same period the
related revenue and expenses arise. A provision is made for income tax annually, based
on the tax liability computed, after considering tax allowance and exemptions. Provisions
are recorded when it is estimated that a liability due to disallowances or other matters is
probable.

II Notes to Accounts
1. Related Party Transactions:
a. Name of Related Parties and description of relationship:
Description of
Relationship
Enterprises that control the
Company
Enterprises where
significant influence exists
/ Fellow Subsidiaries
Name of the Related party
GMR Infrastructure Limited (GIL) [Holding Company]
GMR Holdings Private Limited (GHPL) [Ultimate Holding
company]
GMR Energy Limited
GMR Power Corporation Limited
GMR Vemagiri Power Generation Limited
GMR (Badrinath) Hydro Power Generation Private Limited
Badrinath Hydro Power Generation Private Limited
GMR Mining and Energy Private Limited
GMR Kamalanga Energy Limited
Himtal Hydro Power Company Pvt. Limited, Nepal
GMR Energy (Mauritius) Limited
GMR Lion Energy Limited, Mauritius
GMR Upper Karnali Hydro Power Public Limited, Nepal
GMR Energy Trading Limited
GMR Consulting Services Private Limited
GMR Coastal Energy Private Limited
GMR Bajoli Holi Hydropower Private Limited
GMR Londa Hydropower Private Limited
Londa Hydro Power Private Limited
GMR Chhattisgarh Energy Private Limited
GMR Energy (Cyprus) Limited, Cyprus
GMR Energy (Netherlands) BV, Netherlands
PT Dwikarya Sejati Utma
PT Duta Sarana Internusa
PT Barasentosa Lestari
Lion Energy Tuas PTE Limited
GMR Rajahmundry Energy Limited
SJK Powergen Limited
PT Unsoco
EMCO Energy Limited
Homeland Energy Group Limited
GMR Tambaram-Tindivanam Expressways Private Limited
GMR Tuni - Anakapalli Expressways Private Limited
GMR Ambala Chandigarh Expressways Private Limited
GMR Jadcherla Expressways Private Limited
GMR Pochanpalli Expressways Limited
GMR Ulundurpet Expressways Private Limited
GMR Highways Limited

GMR Hyderabad Vijayawada Expressways Private Limited
GMR Chennai Outer Ring Road Private Limited
GMR OSE Hungund Hospet Highways Private Limited
GMR Hyderabad International Airport Limited
Gateways For India Airports Private Limited
Hyderabad Menzies Air Cargo Private Limited
Hyderabad Airport Security Services Limited
GMR Hyderabad Airport Resource Management Limited
GMR Hyderabad Aerotropolis Private Limited
GMR Hyderabad Aviation SEZ Limited
GMR Hyderabad Multiproduct SEZ Limited
GMR Hotels and Resorts Limited
MAS GMR Aerospace Engineering Company Limited
Delhi International Airport Private Limited
Delhi Aerotropolis Private Limited
DIAL Cargo Private Limited
East Delhi Waste Processing Company Private Limited
Travel Food Services (Delhi T3) Private Limited
Devyani Food Street Private Limited
Delhi Select Services Hospitality Private Limited
Delhi Duty Free Services Private Limited
Delhi Aviation Fuel Facility Private Limited
Celebi Delhi Cargo Terminal Management India Private
Limited
Delhi Cargo Service Centre Private Limited
Wipro Airport IT Services Private Limited
Delhi Airport Parking Services Private Limited
GMR Airports Holding Limited
GMR Aviation Private Limited
Advika Properties Private Limited
Aklima Properties Private Limited
Amartya Properties Private Limited
Baruni Properties Private Limited
Camelia Properties Private Limited
Eila Properties Private Limited
Gerbera Properties Private Limited
Lakshmi Priya Properties Private Limited
Honeysuckle Properties Private Limited
Idika Properties Private Limited
Krishnapriya Properties Private Limited
Nadira Properties Private Limited
Prakalpa Properties Private Limited
Purnachandra Properties Private Limited
Shreyadita Properties Private Limited
Sreepa Properties Private Limited
Bougainvillea Properties Private Limited
GMR SEZ and Port Holdings Private Limited
GMR Campus Private Limited
GMR Headquarters Private Limited
GMR Corporate Affairs Private Limited
Dhruvi Securities Private Limited
GMR Krishnagiri SEZ Limited

Key Management
Personnel and their
relatives
GMR Infrastructure (Mauritius) Limited
GMR Infrastructure Overseas Sociedad Limitada, Spain
GMR Infrastructure (Cyprus ) Limited
GMR Infrastructure (UK) Limited
GMR Infrastructure (Global) Limited, Isle of Man
GMR Energy (Global) Limited, Isle of Man
GMR Infrastructure ( Singapore) PTE Limited
GMR International (Malta) Limited
Island Power Intermediary Pte. Ltd.
Island Power Company Pte. Ltd.
Island Power Supply Pte. Ltd.
İstanbul Sabiha Gökçen Uluslararası Havalimanı Yatırım
Yapım ve İşletme A.Ş. (Sabiha Gokcen International Airport,
Istanbul)
İstanbul Sabiha Gökçen Uluslararası Havalimanı Yer
Hizmetleri A.Ş., ( Ground Handling Company )
Turkey Construction JV
LGM Havalimani Isletmeleri Ticaret Ve Turizm Anonim Sirketi
Mr.A.Subba Rao
Mr.A.S.Cherukupalli
A. Summary of transactions with the above related parties is as follows:
Nature of Transaction March 31, 2010 March 31, 2009
Outstanding Payables
Delhi International Airport Pvt Ltd
Raxa Security Service Ltd
GMR Aviation Pvt Ltd
GMR Corporate Center Ltd
2,57,56,699
77,835
5,87,100
- 3,000
Advances Received
GMR INFRASTRUCTURE Ltd
GMR Pochanpalli Expressways Pvt Ltd -
Outstanding Receivables:
GMR Infrastructure Ltd
GMR Infrastructure Overseas Sociedad Limitada
(Spain)
GMR HYDERABAD VIJAYAWADA Expressways Pvt
Ltd
GMR Airports Holding Pvt Ltd.
GMR Infrastructure Singapore Ltd
GMR Tambaram Tindivanam Expressways Pvt Ltd
GMR Infra Uk Limited
East Delhi Waste Processing Company Pvt Ltd
GMR Tuni Anakapalli Expressway Pvt Ltd
GMR Chhattisgarh Energy Pvt Ltd
GMR Corporate Center Ltd
EMCO Energy Ltd
GMR Rajahmundhry Energy Ltd
GMR Chennai Outer Ring Road Pvt. Ltd.
3,15,96,682
2,93,58,862
2,67,64,918
1,95,42,499
1,37,24,688
1,36,54,050
1,33,38,561
99,27,000
74,54,050
64,28,221
51,00,000
31,29,975
31,29,972
10,08,219
4,78,00,000
75,00,000
-
-
-
-
-
-
-
-
-
73,63,651
-
-
-
-

GMR Sports Pvt Ltd
GMR Hyderabad International Airports Ltd
GMR Kamalanga Energy Ltd
GMR Bajoli Holi Hydropower Pvt Ltd
GMR Pochanpalli Expressways Pvt Ltd
GMR Amabala Chandigarh Expressways Pvt. Ltd.
GMR Jadcharla Expressways Pvt. Ltd
GMR Ullandurpet Expressways Pvt Ltd
Share Application Money Received:
Less: Allotted during the year
Balance outstanding:
1,33,723
-
-
-
-
16,01,66,139
4,99,00,000
11,02,66,139 ‐
-
-
8,82,400
1,46,44,210
20,85,890
1,03,39,710
7,00,638
55,97,193
1,18,85.805
2. A. The following expenditure incurred on behalf of group companies and recovered
Particulars March 31, 2010 March 31, 2009
Professional and Consultancy Charges 6,48,97,542 6,01,18,667
Travelling Expenses 6,05,75,296 8,92,402
Communication Expenses 31,49,772 3,95,845
Repairs & Maintenance 41,45,078 40,92,575
Printing & Stationary 3,70,499 15,71,096
Auditors Remuneration
Audit Fees - 11,030
Certification Fee 7,709 65,275
Rates & Taxes 11,542 2,808
Training Expenses 1,07,91,318 43,12,749
Rent 1,42,37,140 52,44,893
House Keeping Expenses 2,51,539 87,17,258
Office Maintenance 67,93,854 3,47,132
Security Expenses 1,08,306 1,84,26,458
Vehicle Running & Maintenance Expenses 1,475 -
Courier Expenses - 9,47,041
Transit House Expenses 2,42,067 3,86,568
Business Promotion Expenses 21,59,252 -
Meetings & Seminars 16,16,128 -
Foreign Exchange Loss 36,34,908 -
Other Administrative expenses 86,06,033 1,27,574
Bank Charges 952 281
Personnel Expenses 64,75,492 -
Staff Welfare 9,92,330 -
Event Management Expenses - 4,19,250
Total Amount 18,90,68,232 10,60,78,902

B. Details of Group companies from whom the recoveries made towards reimbursement
of expenses.
Name of the Company March 31, 2010 March 31, 2009
GMR Kamalanga Energy Ltd - 4,89,74,960
East Delhi Waste Processing Pvt Ltd 1,00,00,000 -
EMCO Energy Limited 31,60,390 -
GMR Airports Holding Ltd 1,77,17,587 -
GMR Infrastructure Overseas Sociedad Limitada 7,10,80,884 -
(Spain) – Turkey Branch
GMR Infrastructure Limited 3,00,93,115 -
GMR Rajahmundhry Energy Ltd 31,60,390 -
GMR Tambaram Tinidivanam Expressways Pvt Ltd 1,25,18,181 -
GMR Tuni Anakapalli Expressways Pvt Ltd 68,97,148 -
GMR Chattisgarh Energy Pvt Ltd 64,75,492 2,46,24,191
GMR Chennai Outer Ring Road Pvt Ltd 10,09,469 -
GMR Hyderabad Vijayawada Expressways Pvt Ltd 2,69,55,576 -
GMR Bajoli Holi Hydropower Pvt Ltd - 69,72,880
GMR Ambala Chandigarh Expressways Pvt Ltd - 6,23,565
GMR Jadcherla Expressways Pvt Ltd - 49,92,419
GMR Pochanpalli Expressways Pvt Ltd - 92,53,572
GMR Ulunderpet Expressways Pvt Ltd - 1,06,37,315
Total 18,90,68,232 10,60,78,902
3. Earnings Per Share:
Particulars March , 2010 March , 2009
BASIC
Profit attributable to the shareholders A 43,27,343 -
Number of Equity of shares at the B 10,000 -
beginning of the year
Number of Equity of shares at the end of C 50,00,000 -
the year
Weighted average of Equity shares D 23,671 -
Nominal value of Equity shares 10 -
Basic earnings per share A/D 182.81
DILUTED
Profit attributable to the shareholders A 43,27,343 -
Shares at the end of the year B 50,00,000 -
Potential equity shares on dilution of C
-
share application money
1,10,26,614
Diluted Shares at the end of the year D 1,60,26,614 -
Diluted earnings per share A/D 0.27 -

4. Additional information pursuant to paragraph 3,4,4B,4C and 4D of part II of Schedule
VI of the Companies Act, 1956.
A. Remuneration to Auditors:
Particulars March 31, 2010 March 31, 2009
Audit Fee 25,000 11,030
Certification Fee 58,548 59,760
B. Expenditure in Foreign Currency
Particulars 2009-10 2008-09
Travelling Expenses 33,39,375 -
Consultancy Charges 41,55,727 -
Others 11,79,600 -
C. Earnings in Foreign Exchange
Particulars 2009-10 2008-09
Export of Services and reimbursement of
expenses
22,28,37,084 -
5. The previous year figures have been regrouped where ever necessary to match with
the Current Year’s figures
6. Deferred Taxes as per the Accounting Standard (As-22) on ‘Accounting for Taxes on
Income” issued by the Institute of Chartered Accountants of India has not been
recognized as there is no reasonable certainty of future taxable income will be
available against which such deferred tax assets can be realized.
7. There are no dues to Undertakings which falls under the preview of MSMED Act.
8. The figures have been rounded off to nearest rupee.
For GURU & JANA
Chartered Accountants
For and on behalf of the Board of Directors
Sd/- Sd/- Sd/-
M Surendra Reddy A Subba Rao A S Cherukupalli
Partner Director Director
M. No.215205
Place: Bangalore
Date : May 18, 2010

GMR CORPORATE AFFAIRS PRIVATE LIMITED
No.25/1, Skip House, Museum Road, Bangalore - 560 025
Cash Flow Statement for the Year ended March 31,2010
(Amount in Rupees)
Particulars March 31, 2010 Mar 31, 2009
A.CASH FLOW FROM OPERATING ACTIVITIES
Net Profit Before Tax and Extraordinary Items 7,841,810 -
Operating Flow Before Working Capital Changes 7,841,810 -
Adjustments for :
(Increase)/Decrease in Trade and other
Receivables (162,941,350) (54,489,203)
Increase /(Decrease )in Trade and other payables 3,051,749 56,715,948
Cash generated from operations (152,047,790) 2,226,745
Income tax paid 2,725,000 -
Net Cash Flow from/(used in) Operating Activities (154,772,790) 2,226,745
B.Cash Flow from / (used in) Investing Activities
(Purchase)/Sale of Fixed Assets - -
Net Cash Flow from/(used in)Investing Activities - -
C.Cash Flow from Financing Activities
Share capital money received from GIL 49,900,000
Share application money from holding Company 110,266,139 -
-
Net Cash from/(used in) Financing Activities 160,166,139 -
Net Increase/(decrease) in Cash and Cash
Equivalents 5,393,349 2,226,745
Cash and Cash Equivalents at the beginning of the
year 2,536,494 309,749
Cash and Cash Equivalents at the end of the year 7,929,843 2,536,494
As Per our Report of even date
for GURU & JANA
Charterered Accountants
Firm Registration No :006826S
For and on behalf of the Board of Directors
Sd/- Sd/- Sd/-
M Surendra Reddy A.S.Cherukupalli A Subba Rao
Partner Director Director
M.No.215205
Place: Bangalore
Date: May 18, 2010

GMR CORPORATE AFFAIRS PRIVATE LIMITED
25/1, SKIP House, Museum Road, Bangalore - 560 025.
BALANCE SHEET ABSTRACT AND COMPANY'S GENERAL BUSINESS PROFILE
1 Registration Details
Registration No. 41279 State Code 08
Balance Sheet Date
31-Mar-10
2 Capital Raised during the year (Amount in Rs. Thousands)
Public Issue Nil Rights Issue Nil
Bonus Issue Nil Private Placement 49,900
3 Position of Mobilisation and Development of Funds ( Amount in Rs. Thousands)
Total Liabilities 224,722 Total assets 224,565
Sources of Funds
Paid - Up Capital 50,000 Current Liabilities 59,783
Unsecured Loans - Reserves & Surplus 4,673
Deferred Tax Liability - Share Application Money 110,266
Application of Funds
Net Fixed Assets - Investments -
Current Assets 224,565 Accumulated Losses -
Miscellaneous Expenditure -
4 Performance of company ( Amount in Rs. Thousands)
Gross Income 151,779 Total Expenditure 143,937
+ / - Profit / Loss Before Tax 7,842 + / - Profit / Loss After Tax 4,327
Earning Per Share in Rs. 182.81 Dividend Rate % Nil
5 Generic Names of Three Principal Products / Services of Company (as per monetary terms)
Item Code No. : N.A
Product Description
N.A
As Per our Report of even date
for GURU & JANA
Charterered Accountants
Firm Registration No :006826S
For and on behalf of the Board of Directors
Sd/- Sd/- Sd/-
M Surendra Reddy A Subba Rao A.S. Cherukupalli
Partner
M.No.215205
Director
Director
Place: Bangalore
Date: May 18, 2010