Annual Report 2010-2011 - Gammon India
Annual Report 2010-2011 - Gammon India Annual Report 2010-2011 - Gammon India
As at 31 st March, 2011 As at 31 st March, 2010 ` in Crores ` in Crores ` in Crores ` in Crores SCHEDULE 9 LOANS AND ADVANCES (Unsecured, considered good, unless otherwise stated) Project Advances 84.78 80.17 Advance recoverable in cash or kind for value to be received 673.98 604.43 Less: Provision made 2.21 2.57 756.55 682.03 Balance with Tax Authorities 156.12 172.98 Advance for Purchase of Development Rights 20.00 – Advance for Purchase of Equity Shares 16.30 – MAT Credit Entitlement 14.76 – Tender Deposits 26.68 17.34 Other Deposits/Advances Deposits with Joint Stock Companies: Considered Good 110.49 73.39 – Secured – 50.00 – Other 70.83 52.58 Considered doubtful (including interest) 6.40 6.40 Less: Provisions made (6.40) (6.40) 70.83 102.58 1,171.73 1,048.32 SCHEDULE 10 CURRENT LIABILITIES Sundry Creditors 2,442.64 2,864.69 Advances from Clients Less: Value of Materials drawn from Contractees 1,399.12 1,083.67 Contra (Refer Schedule 6) – 0.24 1,399.12 1,083.43 Interest accrued but not due on Loans 62.05 35.35 Unclaimed Dividends 0.72 0.60 Unclaimed Matured Fixed Deposits 0.08 0.13 3,904.61 3,984.20 PROVISIONS Proposed Dividend – Equity Shares 5.46 7.65 – Preference Shares – 6.08 Provision for Tax 722.43 568.39 Less: Direct Taxes Paid (598.13) 124.30 (480.37) 88.02 Provision for Tax on Dividend 0.88 2.28 Provision for Risks and Contingencies 138.89 190.85 Provision for Staff Benefits 115.38 127.88 384.91 422.76 A NNUAL R EPORT I 2010/11 121
122 SCHEDULES FORMING PART OF THE CONSOLIDATED PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31 st MARCH, 2011 A NNUAL R EPORT I 2010/11 April 10 – March 11 April 09 – March 10 ` in Crores ` in Crores ` in Crores ` in Crores SCHEDULE 11 SALES/TURNOVER Sales/Turnover 8,599.62 6,891.64 Toll Proceeds 55.01 3.87 Air Cargo Revenue 0.52 10.99 Annuity Income 116.60 116.60 Project Berth Revenue 127.75 90.52 Revenue from Power Projects 0.19 – 8,899.69 7,113.62 SCHEDULE 12 OTHER OPERATING INCOME Fees & Miscellaneous receipts 29.99 20.15 29.99 20.15 SCHEDULE 13 OTHER INCOME Dividend Income 4.11 5.88 Miscellaneous Income 22.29 24.17 Profit on Sale of Assets 0.02 0.44 Profit on Sale of Investments (Net) 27.07 42.47 53.49 72.96 SCHEDULE 14 EXPENDITURE ON CONTRACTS/DIRECT COSTS Purchases of Materials 3,184.15 3,018.15 Sub Contract Expenses 1,859.47 1,983.31 Plant Hire Charges 83.64 59.78 Insurance 52.20 36.97 Fees and Consultations 115.70 106.26 Consumption of Spares 51.74 58.03 Outward Freight 92.67 97.81 Sales Tax 72.03 63.26 Service Tax 59.73 53.33 Power and Fuel 209.84 144.49 Site Personnel Expenses 551.59 538.22 Operation & Maintenance Expenses 117.69 144.57 Sundry Expenses (As per Schedule 14A annexed) 258.15 225.80 Insurance Claim Received (62.92) (12.57) A………. Add: (Increase)/Decrease in Stores & Construction Materials including Materials drawn from Contractees ` Nil (Previous year 6,645.68 6,517.42 ` 0.24 Crores) (104.70) (180.19) (Increase)/Decrease in Work-in-progress including estimated profits 1,237.56 (518.76) B………. 1,132.86 (698.95) ( A+B)…….. 7,778.52 5,818.47 Finished Good and WIP (Manufacturing) Opening Stock – WIP - Mfg 39.44 45.10 – Finished Goods Less: Closing stock 18.73 44.97 – WIP - Mfg (14.04) (39.53) – Finished Goods (39.45) (18.52) 4.68 32.02 7,783.20 5,850.49
- Page 74 and 75: SCHEDULES FORMING PART OF BALANCE S
- Page 76 and 77: SCHEDULE 5 FIXED ASSETS (` in Crore
- Page 78 and 79: Face Value Nos. as on Nos. as on 31
- Page 80 and 81: As at 31 st March, 2011 As at 31 st
- Page 82 and 83: 2010-2011 2009-2010 ` in Crores ` i
- Page 84 and 85: (c) Depreciation on revalued compon
- Page 86 and 87: 9.95% - Redeemable Non-Convertible
- Page 88 and 89: (b) Sundry Debtors include the foll
- Page 90 and 91: 13. In respect of the road projects
- Page 92 and 93: 20. Additional information pursuant
- Page 94 and 95: 23. The Company is engaged mainly i
- Page 96 and 97: 33. The balance with The Freyssinet
- Page 98 and 99: (d) Transactions of Oman Branch and
- Page 100 and 101: SCHEDULE - 1 Related Party Disclosu
- Page 102 and 103: Nature of Transactions/Relationship
- Page 104 and 105: Nature of Transactions/Relationship
- Page 106 and 107: BALANCE SHEET ABSTRACT OF COMPANY
- Page 108 and 109: Metropolitan Infrahousing Private L
- Page 110 and 111: Patliputra Highway Limited * Patna
- Page 112 and 113: Gammon Holdings B.V. Gammon Interna
- Page 114 and 115: Sr. No. Particulars No. of shares/
- Page 116 and 117: existing at the date of preparation
- Page 118 and 119: CONSOLIDATED PROFIT AND LOSS ACCOUN
- Page 120 and 121: C. CASH FLOW FROM FINANCING ACTIVIT
- Page 122 and 123: SCHEDULE 4 FIXED ASSETS (` in Crore
- Page 126 and 127: April 10 - March 11 April 09 - Marc
- Page 128 and 129: The cash compensation on account of
- Page 130 and 131: 10. Investments Investments are cla
- Page 132 and 133: When the hedge concerns the fair va
- Page 134 and 135: Name of Subsidiaries Country of Inc
- Page 136 and 137: (b) In Case of Sofinter the financi
- Page 138 and 139: The particulars of Investment in As
- Page 140 and 141: K. SOFINTER: The loan envisages the
- Page 142 and 143: 12. Retention Bonus for employees:
- Page 144 and 145: (b) In respect of the road projects
- Page 146 and 147: (b) In respect of currency swap der
- Page 148 and 149: VSPL, a subsidiary of the Company,
- Page 150 and 151: Annexure I Related party Disclosure
- Page 152: vakils
As at 31 st March, <strong>2011</strong> As at 31 st March, <strong>2010</strong><br />
` in Crores ` in Crores ` in Crores ` in Crores<br />
SCHEDULE 9<br />
LOANS AND ADVANCES<br />
(Unsecured, considered good, unless otherwise stated)<br />
Project Advances 84.78 80.17<br />
Advance recoverable in cash or kind for value to be received 673.98 604.43<br />
Less: Provision made 2.21 2.57<br />
756.55 682.03<br />
Balance with Tax Authorities 156.12 172.98<br />
Advance for Purchase of Development Rights 20.00 –<br />
Advance for Purchase of Equity Shares 16.30 –<br />
MAT Credit Entitlement 14.76 –<br />
Tender Deposits 26.68 17.34<br />
Other Deposits/Advances<br />
Deposits with Joint Stock Companies:<br />
Considered Good<br />
110.49 73.39<br />
– Secured – 50.00<br />
– Other 70.83 52.58<br />
Considered doubtful (including interest) 6.40 6.40<br />
Less: Provisions made (6.40) (6.40)<br />
70.83 102.58<br />
1,171.73 1,048.32<br />
SCHEDULE 10<br />
CURRENT LIABILITIES<br />
Sundry Creditors 2,442.64 2,864.69<br />
Advances from Clients<br />
Less: Value of Materials drawn from Contractees<br />
1,399.12 1,083.67<br />
Contra (Refer Schedule 6) – 0.24<br />
1,399.12 1,083.43<br />
Interest accrued but not due on Loans 62.05 35.35<br />
Unclaimed Dividends 0.72 0.60<br />
Unclaimed Matured Fixed Deposits 0.08 0.13<br />
3,904.61 3,984.20<br />
PROVISIONS<br />
Proposed Dividend<br />
– Equity Shares 5.46 7.65<br />
– Preference Shares – 6.08<br />
Provision for Tax 722.43 568.39<br />
Less: Direct Taxes Paid (598.13) 124.30 (480.37) 88.02<br />
Provision for Tax on Dividend 0.88 2.28<br />
Provision for Risks and Contingencies 138.89 190.85<br />
Provision for Staff Benefits 115.38 127.88<br />
384.91 422.76<br />
A NNUAL R EPORT I <strong>2010</strong>/11<br />
121
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