This document summarizes the assets, liabilities, equity, income and expenses of a company over several years: - Total assets have increased substantially from Rs. 59,613 million in FY2008 to Rs. 1,15,331 million in the first half of FY2010, mainly due to increases in capital work in progress. - Borrowings make up the majority of liabilities, growing from Rs. 38,275 million to Rs. 75,757 million over the same period. - Net profit has increased from Rs. 1,359 million in the first half of FY2008 to Rs. 2,695 million in the first half of FY2010.

1. CONSOLIDATED RESTATED STATEMENT OF ASSETS & LIABILITIES
(Rs. Million)
Particulars As at September 30, As at March 31,
2009 2008 2009 2008 2007 2006
Goodwill on Consolidation 171.19 171.12 171.82 172.08 171.36 0.03
Gross Block (at cost) 29,642.15 11,327.91 11,518.89 11,143.85 10,865.17 10,730.73
Less: Depreciation 5,821.97 5,042.97 5,349.19 4,742.10 4,152.19 3,567.04
23,820.18 6,284.94 6,169.70 6,401.75 6,712.98 7,163.69
Capital Work in Progress (including 79,874.31 48,786.82 79,189.89 27,419.79 2,728.78 116.13
capital advance)
1,03,694.49 55,071.76 85,359.59 33,821.54 9,441.76 7,279.82
1,994.72 218.44 1,704.73 207.32 3,675.07 3,454.91
Current Assets, Loans and
1,368.48 337.66 322.70 300.50 231.25 214.50
Sundry Debtors 3,474.37 1,247.53 1,409.43 693.00 3,899.23 4,675.03
Cash & bank balances 1,589.63 1,211.01 1,750.98 2,949.40 2,745.09 448.37
Loans and advances 3,038.65 1,355.95 1,957.70 1,091.81 1,034.69 249.42
9,471.13 4,152.15 5,440.81 5,034.71 7,910.26 5,587.32
Total Assets (A+B+C+D) 1,15,331.53 59,613.47 92,676.95 39,235.65 21,198.45 16,322.08
Liabilities & Provisions
Advance towards Share Capital - 94.20 - 90.00 - -
Minority Interest 152.18 0.18 152.19 800.13 800.29 0.25
75,756.85 38,275.36 59,265.85 22,720.90 6,045.10 4,383.10
Unsecured Loans 1,005.78 5.78 5.78 5.78 1,025.78 5.78
Deferred Tax Liability 953.95 748.14 814.49 685.02 559.24 442.93
Current Liabilities & Provisions
19,915.23 7,286.23 17,637.24 3,811.40 1,142.37 369.56
71.72 203.05 23.73 1,208.31 424.65 1,295.85
97,855.71 46,612.94 77,899.28 29,321.54 9,997.43 6,497.47
Net worth [(A+B+C+D) - E] 17,475.82 13,000.53 14,777.67 9,914.11 11,201.02 9,824.61
Represented by:
13,664.28 5,377.21 5,465.70 5,147.56 3,468.00 2,890.00
Reserves & Surplus 3,811.54 7,623.32 9,311.97 4,766.55 7,733.02 6,934.61
17,475.82 13,000.53 14,777.67 9,914.11 11,201.02 9,824.61

2. CONSOLIDATED RESTATED STATEMENT OF PROFITS AND LOSSES
(Rs. Million)
Particulars
For the Half Year Ended For the Year Ended March 31,
2009 2008 2009 2008 2007 2006
Income from Operations: -
Sale of Power Generated 8,546.94 6,021.59 12,393.68 9,313.15 7,339.87 5,307.97
- 1,688.16 5,777.83 172.12 298.70 -
Sale of Certified Emission Reductions - - - 3,275.63 - -
88.91 85.50 178.70 170.50 130.70 110.32
Total Income from Operations 8,635.85 7,795.25 18,350.21 12,931.40 7,769.27 5,418.29
117.65 75.64 171.40 329.34 346.21 70.53
8,753.50 7,870.89 18,521.61 13,260.74 8,115.48 5,488.82
- 1,676.72 5,744.42 166.72 296.31 -
3,244.22 3,040.90 6,202.40 3,121.60 2,647.72 2,558.07
125.76 112.77 270.55 154.88 87.81 61.65
Operation, Maintenance & Other 345.10 398.12 814.32 723.39 460.41 380.60
Total Operating Expenses 3,715.08 5,228.51 13,031.69 4,166.59 3,492.25 3,000.32
Profit Before Interest, Depreciation, 5,038.42 2,642.38 5,489.92 9,094.15 4,623.23 2,488.50
Tax and Amortisation (PBIDTA)
Interest and Finance Charges 1,095.47 514.97 1,209.43 885.54 629.79 497.39
467.36 299.58 602.08 586.03 583.05 579.61
Preliminary and Share issue expenses 11.18 - - 0.18 - -
3,464.41 1,827.83 3,678.41 7,622.40 3,410.39 1,411.50
Current Tax (including Fringe Benefit 649.12 420.65 782.01 1,125.72 389.59 109.67
Tax related to previous years - - - 118.22 - -
139.50 63.22 129.48 125.73 116.30 113.00
Profit After Tax (A) 2,675.79 1,343.96 2,766.92 6,252.73 2,904.50 1,188.83
Adjustments: - (Refer Note No. 5 (a) in
Sale of Certified Emission Reductions - - - (3,275.63) - 162.75
Preliminary and Share Issue expenses 10.59 (10.59) - (77.48) -
Provision for Phased Overhauling (147.30) (51.20)
- (80.02) - -
50.53 (50.53)
(40.56) 18.12 40.56 - - -
20.56 18.12 29.97 (3,502.95) (179.21) 162.75
Tax impact on above adjustments (1.69) (3.08) (6.89) 393.74 8.59 (18.44)
- - - 94.23 (13.04) (9.51)
Total Tax adjustments (1.69) (3.08) (6.89) 487.97 (4.45) (27.95)
Total Adjustments after tax impact (B) 18.87 15.04 23.08 (3,014.98) (183.66) 134.80
Net Profit before minority interest, as 2,694.65 1,359.00 2,790.00 3,237.75 2,720.84 1,323.63

3. Particulars For the Half Year Ended For the Year Ended March 31,
September 30,
2009 2008 2009 2008 2007 2006
Less: Minority Interest - - - - 0.02 -
Net Profit after minority interest, as 2,694.65 1,359.00 2,790.00 3,237.75 2,720.82 1,323.63
Restated Earnings Per Share -(Basic) 1.97 1.01 2.04 2.52 2.30 1.23
1.96# 1.01 2.04 2.52 2.30 1.23

4. CONSOLIDATED RESTATED CASH FLOW STATEMENT
(Rs. Million)
Particulars
For the Half Year Ended For the Year Ended March 31,
2009 2008 2009 2008 2007 2006
Cash Flow from Operating
Net Profit before tax as 3,484.97 1,845.95 3,708.38 4,119.45 3,231.18 1,574.25
Adjustment for:
467.36 299.58 602.08 586.03 583.05 579.60
(13.37) (24.56) (38.37) (109.62) (45.80) (5.60)
Dividend Income (7.00) (12.37) (11.93) (0.71) (299.23) (64.20)
Preliminary and Share Issue 0.59 - 39.99 0.19 - -
expenses written off
Amortisation of Employee 3.67 3.66 7.33 2.09 - -
Share payments
Loss on Sale of Fixed Assets 0.32 1.20 2.07 1.07 0.28 0.40
Loss on Sale of Long Term - - - 33.80
Interest & finance charges 1,044.94 514.97 1,209.43 885.54 680.53 497.39
Foreign Exchange Loss / (16.73) (0.02) (0.81) 25.07 - -
1,479.78 782.46 1,809.79 1,389.66 918.83 1,041.39
Operating profit before 4,964.75 2,628.41 5,518.17 5,509.11 4,150.01 2,615.64
working capital changes
Adjustments for:
Changes in Trade and other (2,064.95) (554.53) (716.43) 3,495.03 332.58 (18.85)
Changes in Trade and other 3,008.76 1,310.36 1,095.86 283.54 710.59 55.98
Changes in Inventories (1,045.78) (37.16) (22.20) (69.30) (16.70) (10.40)
Loans & Advances (1,289.89) (108.36) (437.01) (90.92) (234.25) 183.21
Cash from operations 3,572.89 3,238.72 5,438.39 9,127.46 4,942.23 2,825.58
Income Taxes Paid (576.68) (394.18) (755.23) (1,246.10) (397.64) (103.91)
Net cash from operating 2,996.21 2,844.54 4,683.16 7,881.36 4,544.59 2,721.67
Cash Flow from Investing
Purchase of Fixed Assets (19,454.01) (18,703.18) (38,801.21) (22,561.34) (3,152.23) (106.57)
including Intangible Assets,
CWIP & Preoperative
13.37 24.56 38.37 109.62 45.80 5.60
Dividend Income 7.00 12.37 11.93 0.71 299.23 64.21
Investment in Associates (111.77) (16.10) (1,701.44) 70.50 (220.91) (3.80)
(including advances)
Preliminary expenses (0.60) - (10.59) (0.18) - -
Sale of Investments - 10.50 - - - -
Sale of Fixed Assets 0.43 3.00 3.00 0.44 0.76 0.71
Net cash from/ (used in) (19,545.58) (18,668.85) (40,459.94) (22,380.25) (3,027.35) (39.85)
investing activities
Cash Flows from
Financing Activities
Proceeds from further equity - 94.38 495.30 * 90.00 1,378.00 -
Proceeds from/(Repayments 17,487.14 15,594.46 36,544.93 15,749.25 2,695.00 (1,778.13)

5. Particulars For the Half Year Ended For the Year Ended March 31,
September 30,
2009 2008 2009 2008 2007 2006
of) Borrowings (Net)
Interest & finance charges (1,099.01) (533.27) (1,217.33) (1,166.20) (692.52) (491.59)
(1,029.50) (1,204.50) - (2,801.00) -
Net cash from/ (used in) 16,388.13 14,126.07 34,618.40 14,673.05 579.48 (2,269.72)
financing activities
Net (Decrease) / Increase in (161.24) (1,698.24) (1,158.38) 174.16 2,096.72 412.10
cash and cash equivalents
Cash and cash equivalents 1,550.87 2,709.25 2,709.25 2,535.09 438.37 26.26
at beginning of year/ period
Cash and cash equivalents 1,389.63 1,011.01 1,550.87 2,709.25 2,535.09 438.37
at end of year/ period
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