Infrastructure India (IIP) 2011年年度报告「LSE」.pdf

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1、REPORT&ACCOUNTS|2011INFRASTRUCTURE INDIA PLCFor the year ended 31 March 2011 Report&Accounts 2011 01CONTENTSJOINT CHAIRMAN AND CHIEF EXECUTIVE STATEMENT2REVIEW OF INVESTMENTS5DIRECTORS REPORT8STATEMENT OF DIRECTORS RESPONSIBILITIES9CORPORATE GOVERNANCE STATEMENT10INDEPENDENT AUDITORS REPORT11CONSOLI

2、DATED STATEMENT OF COMPREHENSIVE INCOME12CONSOLIDATED STATEMENT OF FINANCIAL POSITION13COMPANY STATEMENT OF FINANCIAL POSITION14CONSOLIDATED STATEMENT OF CHANGES IN EQUITY15CONSOLIDATED STATEMENT OF CASH FLOWS16NOTES TO THE FINANCIAL STATEMENTS17INVESTING POLICY28COMPANY INFORMATION29JOINT STATEMENT

3、 FROM THE CHAIRMAN AND THE CHIEF EXECUTIVEINTRODUCTIONThis is our first annual statement to the shareholdersof Infrastructure India plc(“IIP”,the“Company”orthe“IIP Group”).In this statement we want toreview the financial performance of the IIP Group,provide shareholders with greater insight into the

4、investment philosophy of IIPs new manager,Guggenheim Global Infrastructure Company Limited(“GGIC”)(via its subsidiary Guggenheim FranklinPark Management,LLC),and share with you theinvestment criteria we apply in reviewing potentialinvestments.In addition we want to set out theinvestment case for inv

5、esting in Indian infrastructureand the progress made since the merger of GGICsIndian infrastructure assets into the IIP Group which completed on 3 March 2011.FINANCIAL PERFORMANCEThe IIP Group assets continued to perform well during the financial year ended 31 March 2011,with an overall increase in

6、value of approximately 27 per cent.Following the completion of the placings in July 2010 and February 2011 and theacquisition of the GGIC assets in March 2011,the NAV of IIP grew from 40.1 million to 138.0million during the financial year,representing anincrease of 244 per cent.NAV per share as at 3