Annual Report 2010-2011 - Gammon India

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 st MARCH, 2011
Schedule
No.
2010-2011 2009- 2010
` in Crores ` in Crores ` in Crores ` in Crores
INCOME:
Sales/Turnover 12 5,636.85 4,534.25
Less: Excise Duty 85.27 66.14
5,551.58 4,468.11
Other Operating Income 12A 6.39 16.99
Other Income 12B 31.05 41.10
5,589.02 4,526.20
EXPENDITURE:
Expenditure on Contracts 13 5,126.89 3,960.29
Establishment Expenses 14 171.60 129.11
Financial Cost (Net) 15 12.31 139.66
Depreciation 94.84 74.06
Depreciation withdrawn from Revaluation Reserve (3.13) (3.13)
Company's Share in Loss of Joint Venture (Refer Note B-37) 9.83 14.96
5,412.34 4,314.95
PROFIT BEFORE TAX
Provision for Taxation:
176.68 211.25
– Current Tax 48.30 48.55
– Deferred Tax 9.70 17.24
– Foreign Tax Paid 0.23 0.68
– Prior Year Tax Adjustments – 19.07
58.23 85.54
PROFIT AFTER TAX 118.45 125.71
Profit brought forward from last year 273.36 231.43
PROFIT AVAILABLE FOR APPROPRIATION 391.81 357.14
Amount Transferred to General Reserve 12.00 29.75
Amount Transferred to Debenture Redemption Reserve 45.50 38.38
Amount Transferred from Debenture Redemption Reserve (19.15) –
Dividend from Own Shares (Refer Note B-16) (0.58) (0.35)
Interim & Proposed Dividend
– Equity Shares 10.63 7.65
– Preference Shares – 6.07
Tax on Dividend 1.74 2.28
50.14 83.78
Balance Carried to Balance Sheet 341.67 273.36
Earnings Per Share (Refer Note B-26)
Basic 9.16 10.72
Diluted 9.10 10.26
Face Value per Share 2.00 2.00
Notes to Accounts 16
Schedules 1 to 16 annexed hereto form part of the Balance Sheet and Profit and Loss Account
As per our attached report of even date
For Natvarlal Vepari & Co.
Chartered Accountants
Firm Registration No. 106971W
N. JAYENDRAN
Partner
M. No. 40441
For and on behalf of the Board of Directors
ABHIJIT RAJAN ROHIT MODI
Chairman & Managing Director Deputy Managing Director
C. C. DAYAL D. C. BAGDE
Director Executive Director
GIRISH BHAT GITA BADE
Chief Financial Officer Company Secretary
Mumbai, Dated : 12 th August, 2011 Mumbai, Dated : 12 th August, 2011
A NNUAL R EPORT I 2010/11
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