KNR Constructions

1. All amounts in the financial statements are presented in Rupees
 except per share data and as otherwise stated. Figures in brackets
 represent corresponding previous year figures in respect of Profit &
 Loss items and in respect of Balance Sheet items as on the Balance
 Sheet date of the previous year. Figures for the previous year have
 been regrouped /rearranged wherever considered necessary to confirm to
 the figures presented in the current year.
 
 2.  Contingent Liabilities not provided for
                                              Rupee;
 Particulars                             2007-08         2006-07
 
 1.  Bank Guarantees
 
 -for Company                        1,555,218,310       829,157,792
 
 -for Joint Ventures                  200,107,949       184,870,000
 
 - for SPVs                           152,080,000        80,600,000
 
 Total                               1,907,406,259     1,094,627,792
 
 2.  Corporate guarantee             4,200,000,000       500,000,000
 
 3.  Letter of Credit                    3,259,440               Nil
 
 4.  Demands against the Company not 
     acknowledged as debts and not
     provided for in respect of 
     which the Company has filed appeal.
 
 - Income Tax                              467,553           467,553
 
 -Sales Tax                             16,341,438        22,081,028
 
 5.  Claims against the Company not 
     acknowledged as debts                     Nil               Nil
 
 6.  Joint and several liabilities in respect of joint venture projects
 and liquidated damages in respect of delays in completion of projects -
 {-.mounts are not ascertainable.
 
 3.  Estimated amount of contracts remaining to be executed on capital
 account (net of advances) not provided for
 
                                                   Rupees
 
 Sl.No.  Purpose                             2007-08      2006-07
 
 1 For Construction Equipments            69,792,947    11,546,370
 
 2 For Equity investment in BOT Project  403,500,000   303,480,000
 
 3 For un-secured loan in BOT Project    833,300,000           Nil
 
 4.  The Company has not received any intimation from Suppliers
 regarding their status under the Micro, Small and Medium Enterprises
 Development Act, 2006 and hence disclosures, if any relating to amounts
 unpaid as at the year end together with interest paid / payable as
 required under the said Act have not been given.
 
 5.  Segmental Reporting
 
 The Companys operations consist of Construction activities. Hence
 there are no reportable segments under Accounting Standard —17. During
 the year under report. The Company has engaged in business in India
 only and not in any other Country. The conditions prevailing in India
 being uniform, no separate geographical disclosures are considered
 necessary.
 
 6.  There was no impairment Loss on fixed assets on the basis of
 review carried out by the management in accordance with Accounting
 Standard-28 issued by the Institute of Chartered Accountants of India.
 Further, during the review of assets of the company, those assets which
 were found to be having nil market value have been written off in the
 accounts.
 
 7.  Debit and credit balances of parties are subject to confirmation
 by the respective parties.
 
 8.  Additional information pursuant to provisions of Para 3,4C and 4D
 of Part - II of Schedule VI of Companies Act, 1956 - not applicable.
 
 9.  Figures of previous year have been regrouped / rearranged wherever
 necessary to conform to the current year presentation