Annual Report 2010-2011 - Gammon India

SCHEDULE 4
FIXED ASSETS
(` in Crores)
GROSS BLOCK DEPRECIATION NET BLOCK
Opening addi- Deduc- Foreign As at as at Opening For the Deduc- Foreign Impair- As at As at as at
on a/C of tions tions / Transla- 31.03.2011 01.04.2010 on a/C of Year tions/ Transla- ment 31.03.2011 31.03.2011 31.03.2010
amalgama-
adjust- tion
amalgama-
adjust- tion
tion/Further
ments adjust-
tion/Further
ments adjustacquisition
ments
acquisition
ments
Tangible Assets
Leasehold Land 190.49 – 4.35 – (18.98) 175.86 22.90 – 4.24 0.03 (2.53) – 24.65 151.21 167.59
Particulars as at
01.04.2010
Freehold Property 944.33 – 86.98 (0.13) (65.65) 965.52 117.05 – 18.67 0.01 (9.82) – 125.91 839.62 827.28
Plant and Machinery 1,831.09 0.01 341.95 (17.62) (82.57) 2,072.86 636.75 0.00 118.99 (12.08) (35.35) 0.01 708.33 1,364.53 1,194.34
Office Equipments 84.40 4.36 32.31 (3.05) (2.79) 115.22 51.29 1.73 8.35 (1.74) (2.05) 0.01 57.59 57.64 33.11
Motor vehicles 162.41 0.33 15.32 (8.86) (2.06) 167.13 76.50 – 11.09 (7.89) (0.41) – 79.29 87.84 85.91
Road & Project Bridges 575.92 – 0.52 – – 576.44 181.76 – 50.80 – – – 232.56 343.87 394.16
Project Berth 203.82 – – (0.00) – 203.82 35.32 – 7.55 0.27 – – 43.15 160.68 168.50
Windmills 26.95 – – – – 26.95 8.43 – 2.79 – – – 11.22 15.73 18.52
4,019.41 4.69 481.43 (29.67) (172.06) 4,303.80 1,130.00 1.73 222.48 (21.38) (50.16) 0.02 1,282.68 3,021.12 2,889.41
Intangible Asset
Toll Concession Rights – – 575.82 – – 575.82 – – 11.71 – – – 11.71 564.11 –
Others 130.81 – 3.54 (0.00) (12.42) 121.93 88.93 – 10.20 (0.07) (9.57) – 89.49 32.44 41.87
130.81 – 579.36 (0.00) (12.42) 697.74 88.93 – 21.90 (0.07) (9.57) – 101.20 596.55 41.87
Total 4,150.22 4.69 1,060.78 (29.67) (184.48) 5,001.54 1,218.93 1.73 244.39 (21.45) (59.74) 0.02 1,383.88 3,617.67 2,931.28
Previous Year 3,682.74 152.67 407.81 (55.78) (37.22) 4,150.22 1,043.05 22.15 201.27 (33.48) (14.06) – 1,218.93
Add: Capital WIP 1,847.73 1692.26
5,465.39 4,623.54
NOTES:
1. Leasehold Land is at cost less amount written off.
2. The Company has once again revalued on 31st March, 2007 all its Freehold Property, most of which were revalued earlier on 31st March, 1999 by approved valuers. The consequent increase in the value of Fixed assets pursuant to the second
revaluation amounted to ` 1,868,928,586/- and has been credited to the Revaluation Reserve a/c.
3. Depreciation for the Year Ended 31st March, 2011 amounts to ` 244.39 Crores (Previous Year Ended 31.03.2010 ` 201.27 Crores) from which has been deducted a sum of ` 3.13 Crores (Previous Year ended 31.03.2010 ` 3.13 Crores) being
the Depreciation in respect of Revaluation of Fixed assets which has been drawn from the Revaluation Reserve a/c. Depreciation for the Year ended 31st March, 2011 amounts to ` 0.02 Crores has been transferred to Capital WIP and
` 0.01 Crores is transferred to pre-operative expenses.
A NNUAL R EPORT I 2010/11
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