Afcon Book.indd - Afcons Infrastructure Ltd.

AFCONS MADAGASCAR OVERSEAS S.A.R.L13) OTHER OPERATING INCOMESThis heading is detailed as follows on December 31 st , 2009:Currency unit: Ariary31-Dec-0931-Dec-08RESIDENT CARD 143,659,568.29 210,568,603.71PENALTIES 1,000,000.00 1,359,184.00LOSS ON ASSETS DISPOSAL 2,090,976.67 -OTHERS 8,245,859.05 14,238,635.59GIFT AND SPONSORSHIP 1,617,500.00 -TOTAL 156,613,904.01 226,166,423.3014) FINANCIAL INCOMESThis heading is detailed as follows on December 31 st , 2009:31-Dec-0931-Dec-08Profit on exchange - unrealised 891,665,476.11 281,873,010.90Bank interest 1,198,652.26 1,150,319.80TOTAL 892,864,128.37 283,023,330.7115) FINANCIAL COSTSThis heading is detailed as follows on December 31 st , 2009:31-Dec-0931-Dec-08Loss on exchange 530,284,512.99 146,031,790.48Bank interest 3,241,927.86 10,948,417.09TOTAL 533,526,440.85 156,980,207.5716) TAX STATUSThe financial statements as at December 31, 2009 present a profit before tax of Ariary 8,048,330,069.71, (2008 - Ariary 2,042,769,558.88).The Fiscal income as at December 31, 2009 is Ariary 9,158,351,425.78. Therefore the current income tax is Ariary 915,835,140.00.Exercises covered by the prescript of three (3) years remain opened to the taxation authorities verification.SPECIAL REPORT ON THE REVIEWOF THE FINANCIAL STATEMENTSFOR THE PERIOD ENDED ON DECEMBER 31, 2009TO THE SHAREHOLDERS OF AFCONS MADAGASCAR OVERSEAS S.A.R.L.Dear Sir,In accordance with the mandate which you have entrusted us, we are pleased to present our auditor’s special report on regulated convention.It is not for us to investigate the existence of conventions, but to inform you, on the basis of the information we were given, the essentialcharacteristics and methods of those we have been advised, without comment on their usefulness and appropriateness. It is yourresponsibility, according dispositions included in the article 373 to 375 of the law 2003-036 of January 30th, 2004 on company firms, to assessthe interest involved in these agreements for their approval.According to the information we were given, we inform you that no convention enters as part of dispositions included in the article 372 andfollowing of the law 2003-036 of January 30 th , 2004 on company firms:We conducted our audit in accordance with International Standards on Auditing (IFAC) applied in Madagascar; those standards requireimplementation of procedures to verify the consistency of the information we were provided, with the documents from which they originate.The chartered accountantBruno RazananirinaExpert Comptable et FinancierAntananarivo, MadagascarFebruary 6, 201093