NOIDA TOLL BRIDGE COMPANY LIMITED AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED MARCH 31, 2009
					(Rs. in Lacs)
Sl.No.		Particulars	Year ended	Year ended	Consolidated Year Ended	Consolidated Year Ended
			31.03.2009	31.03.2008	31.03.2009	31.03.2008
			(Audited)	(Audited)	(Audited)	(Audited)
(1)		(2)	(3)	(4)	(5)	(6)
1		Net Sales / Income from operations	7,921.11	6,639.24	7,982.70	6,689.46
		Total Revenue	7,921.11	6,639.24	7,982.70	6,689.46
2		Total Expenditure
		a)   O & M Expenses	649.56	536.12	347.95	252.12
		b)   Consumption of Cards/On Board    Units	21.39	17.19	21.39	17.19
		c)   Construction Contract Cost	103.97		103.97
		d)   Staff cost	705.50	510.71	1,030.89	669.82
		e)   Legal and Professional Charges	211.49	259.27	223.64	271.97
		f)    Advertisement and Business promotion	21.19	31.94	21.42	32.52
		g )  Rates & Taxes	23.75	44.57	23.84	45.12
		h)   Other expenditure	230.49	266.26	269.30	422.46
		i)    Overlay	92.95		92.95
		j)    Depreciation/Amortisation	479.38	863.13	483.82	864.13
		Total Expenditure	2,539.67	2,529.19	2,619.17	2,575.33
3		Profit (+) / Loss (-) from Operations before Other Income, Interest & Exceptional items Activities before tax (1-2)	5,381.44	4,110.05	5,363.53	4,114.13
4		Other Income	110.90	548.89	113.79	550.36
5		Profit (+) / Loss (-) from before Interest & Exceptional items Activities before tax   (3+4)	5492.34	4658.94	5477.32	4664.49
6		Interest	1,491.34	1,486.61	1,491.58	1,486.71
7		Profit (+) / Loss (-) after Interest & before Exceptional items Activities before tax   (5-6)	4,001.00	3,172.33	3,985.74	3,177.78
8		Exceptional items	-	-	-	-
9		Profit (+) / Loss (-) from Ordinary Activities before tax (7-8)	4,001.00	3,172.33	3,985.74	3,177.78
10		Tax Expenses
		-   Income Tax/Fringe Benefit Tax	464.97	374.73	468.15	379.82
		-  Deferred Tax	167.30		167.30
11		Net Profit(+)/Loss(-) from Ordinary Activities after tax (9-10)	3,368.73	2,797.60	3,350.29	2,797.96
12		Extraordinary items (Net of tax expense)	-	-	-	-
13		Net Profit (+) / Loss (-) for the period     (11-12)	3,368.73	2,797.60	3,350.29	2,797.96
14		Paid-up equity share capital
		(Face Value Rs 10)	18,619.50	18,619.50	18,619.50	18,619.50
15		Reserves excluding Revaluation Reserves as per balance sheet of previous accounting year		18,202.12		18,202.30
16		Earning Per Share (EPS)
	a	Basic and diluted EPS before extraordinary items for the period, for the year to date and for the previous year (not to be annualized)	1.81	1.50	1.80	1.50
	b	Basic and diluted EPS after extraordinary items for the period, for the year to date and for the previous year (not to be annualized)	1.81	1.50	1.80	1.50
17		Public Shareholding
		-    Number of Shares	137,099,995	137,099,995	137,099,995	137,099,995
		-    Percentage of Shareholding	73.63%	73.63%	73.63%	73.63%
18		Promoters and promoter group Shareholding
	a	Pledged/Encumbered
		-    Number of Shares	NIL	NIL	NIL	NIL
		-    Percentage of Shares (as a % of the total shareholding of promoter and promoter group)	N/A	N/A	N/A	N/A
		-    Percentage of Shares (as a % of the total share capital of the company)	N/A	N/A	N/A	N/A
	b	Non-encumbered
		-    Number of Shares	49,095,007	N/A	49,095,007	N/A
		-    Percentage of Shares (as a % of the total shareholding of promoter and promoter group)	100.00%	N/A	100.00%	N/A
		-    Percentage of Shares (as a % of the total share capital of the company)	26.37%	N/A	26.37%	N/A
Notes:
1		The above results have been taken on record by the Board of Directors at a meeting held on April 27,2009.
2		On adoption of the Guidance Note on ‘Accounting for Service Concession Arrangement’ issued by   The Institute of Chartered Accountants of India , the Delhi Noida Link Bridge which was hitherto classified as Fixed Asset is now classified as Intangible Asset with effect from the first day of Financial Year 2008-09 i.e April 1, 2008. As the Grantor (NOIDA) grants right to collect toll from the users in exchange for providing the construction services to the Grantor, the intangible asset is recognized at cost i.e fair value of the construction services. The effect of the change has been adjusted in the opening revenue reserve in accordance with the Guidance Note.
		The Company considers that it will not be able to earn the assured return under the concession agreement over 30 years. The company has an assured extension of the concession as required to achieve project cost and designated returns
		Based on the independent professional expert’s advice, the estimated useful life of the Bridge has now been considered as 100 years. The carrying value of the intangible asset   is amortised over the same estimated   useful life under units of usage method i.e on the number of vehicles using the project facility based on the traffic study done by M/s Halcrow Consulting India Pvt. Ltd. The Company was hitherto depreciating the project asset as Fixed Asset on a Straight Line method over 62   years
		Consequent to the change in the estimated useful life, the charge for depreciation/ amortization has been reduced by Rs 49.70 million and the profit has been increased to that extent during the current financial year. The effect of the changes prior to the current financial year has been adjusted through the Reserve & Surplus.
		The provision for the road overlay is being built up in accordance with the provisions of AS 29,Provisions,Contingent Liabilities and Contingent Assets
3		The Company had only one business segment and therefore reporting of segment wise information under Clause 41 of the Listing Agreement is not applicable.
4		There were no investor complaints pending at the beginning of the quarter. The company has not received any investor complaints during the quarter. There were no investor complaints pending at the end of the quarter.
5		Previous period figures have been regrouped / reclassified wherever necessary.

For and on behalf of Board of Directors

Director / Chairman

New Delhi

April 27, 2009