NOIDA TOLL BRIDGE COMPANY LIMITED
AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED MARCH 31, 2008
										(Rs. in Lacs)
Sl.No.	Particulars	Quarter ended	Quarter ended		Year ended		Year ended		Consolidated Year Ended		Consolidated Year Ended
		31.03.2008	31.03.2007		31.03.2008		31.03.2007		31.03.2008		31.03.2007
		(Unaudited)	(Unaudited)		(Audited)		(Audited)		(Audited)		(Audited)
(1)	(2)	(4)	(5)		(6)		(7)		(8)		(9)
1	Net Sales / Income from operations	1776.39	1265.52		6639.24		4711.11		6689.46		4711.11
2	Other Income	43.62	53.67		548.89		200.27		550.36		200.27
3	Total Revenue	1,820.01	1,319.19		7,188.13		4,911.38		7,239.82		4,911.38
4	Total Expenditure
	a)  O & M Expenses	106.50	62.25		384.23		250.20		100.23		250.20
	b)  Consumption of Cards/On Board Units	7.52	5.95		17.19		19.11		17.19		19.11
	c)     Staff cost	110.16	76.22		505.07		282.00		664.18		282.00
	d)     Legal and Professional Charges	107.04	38.84		259.27		155.63		271.97		156.20
	e)     Advertisement and Business promotion	10.32	8.91		31.94		22.86		32.52		22.86
	f )    Rates & Taxes	7.55	6.43		44.57		42.57		45.12		42.57
	g)     Other expenditure	98.55	75.70		423.79		313.81		579.99		313.81
	h)     Depreciation	232.10	197.44		863.13		780.11		864.13		780.11
	i)     Miscellaneous Expenses written off		30.65				124.31				124.31
	Total Expenditure	679.74	502.39		2,529.19		1,990.60		2,575.33		1,991.17
5	Interest	381.86	392.51		1,486.61		1,806.59		1,486.71		1,806.59
6	Exceptional items	-	-		-		-		-		-
7	Profit (+) / Loss (-) from Ordinary Activities before tax (3)-(4+5+6)	758.41	424.29		3,172.33		1,114.19		3,177.78		1,113.62
8	Provision for taxation	93.81	2.83		374.73		8.03		379.82		8.03
9	Net Profit(+)/Loss(-) from Ordinary Activities after tax (7-8)	664.60	421.46		2,797.60		1,106.16		2,797.96		1,105.59
10	Extraordinary items (Net of tax expense)	-	-		-		-		-		-
11	Net Profit (+) / Loss (-) for the period (9-10)	664.60	421.46		2,797.60		1,106.16		2,797.96		1,105.59
12	Paid-up equity share capital
	(Face Value Rs 10)	18,619.50	18,619.50		18,619.50		18,619.50		18,619.50		18,619.50
13	Reserves excluding Revaluation Reserves as per balance sheet of previous accounting year	Nil	Nil		18,202.12		14,453.03		18,202.30		4,150.96
14	Basic and diluted EPS for the period, for the year to date and for the previous year (not to be annualized)	0.36	0.23		1.50		0.59		1.50		0.59
15	Aggregate of Public Shareholding
	-    Number of Shares	127,493,085	114,195,000		127,493,085		114,195,000		127,493,085		114,195,000
	-    Percentage of Shareholding	68.47%	61.33%		68.47%		61.33%		68.47%		61.33%

Notes :

 

1.      The above results have been taken on record by the Board of Directors at a meeting held on April 21, 2008.

 

2.      The Company had only one business segment and therefore reporting of segment wise information under Clause 41 of the Listing Agreement is not applicable.

 

3.      As per the Scheme of Amalgamation with the Company's 100% subsidiary during the year, the company has, recognised the Toll Equalisation Receivable Account of Rs. 1713.30 million by crediting the General Reserve and the General Reserve has been adjusted with accumulated losses of Rs. 1125.10 millions, provisioning of the balance liability of Zero Coupon Bonds (B) of Rs 432.5 million and other obligations of Rs 155.70 millions. The expenses against such obligations recorded in the financial statement in previous year after the ‘Appointed Date’ which is July 1, 2006 as defined in the Scheme have been reversed during the current period.

 

4.      There was no complaint pending at the beginning of the quarter. The Company received 69 complaints during the quarter. All complaints were resolved within the quarter. There were no complaints pending at the end of the quarter.

 

5.      Consequent to the approval of the scheme of Amalgamation and based on the Expert's opinion the Board has resolved to transfer from General Reserve to Revaluation Reserve an equivalent amount which was created on the transfer of revalued assets to its 100% subsidiary in the earlier years. The depreciation on such revalued assets has been adjusted through Revaluation Reserve during the year

 

6.      A Memorandum of Agreement has been entered into on August 8, 2007 with M/s ITNL Toll Management Services Ltd (ITMSL), the new O&M Contractor who has been appointed in place of M/s Intertoll India Consultants (P) Ltd w.e.f August 1, 2007 to take over the Operation and Maintenance of the DND Flyway. M/s ITMSL has been promoted jointly by the Company and M/s IL&FS Toll Networks Ltd with a shareholding of 51% and 49 % respectively.

 

7.      The Mayur Vihar project which commenced in July 2006 has been completed in two phases. While the first phase was completed and opened to traffic on June 15, 2007, the second phase has been completed and opened to traffic on January 19, 2008. Pending receipt of the final bill from the contractors, the Mayur Vihar Link Road has been capitalised for Rs 533.43 million on an estimated basis.

 

8.      Previous period figures have been regrouped / reclassified wherever necessary.