Annual Report 2010-2011 - Gammon India

72
A NNUAL R EPORT I 2010/11
As at 31 st March, 2011 As at 31 st March, 2010
` in Crores ` in Crores ` in Crores ` in Crores
REVALUATION RESERVE
As per last Balance Sheet 242.43 245.56
Less: Depreciation on Revalued Assets 3.13 3.13
239.30 242.43
DEBENTURE REDEMPTION RESERVE
As per last Balance Sheet 94.65 56.27
Add: Transferred from Profit and Loss A/c 45.50 38.38
Less: Transferred to Profit and Loss A/c 19.15 –
121.00 94.65
SPECIAL CONTINGENCY RESERVE
As per last Balance Sheet 50.00 50.00
Add: Transferred from Profit and Loss A/c – –
50.00 50.00
FOREIGN CURRENCY TRANSLATION RESERVE
As per last Balance Sheet (24.24) (0.82)
Add: Arising out of current year 12.15 (23.42)
(12.09) (24.24)
PROFIT AND LOSS ACCOUNT 341.67 273.36
2,088.15 1,898.73
SCHEDULE 3
SECURED LOANS
Non Convertible Debentures placed with Banks and Financial Institutions
(Amount Payable within One Year ` 1.5 Crores, Previous Year ` 7 Crores)
(Refer Note B-1)
377.50 300.00
From Canara Bank Led Consortium
Short term loan secured by a charge over all the Company's Assets in India
(excluding Leasehold Property, Freehold Property and Plant & Machinery
hypothecated to the Bankers and Financial Institutions under various asset
financing schemes)
292.21 120.14
Term Loan
(Secured by hypothecation of Plant & Machinery Land & Building)
(Out of the above term loans, amount of repayment due within one year
` 22.68 Crores, Previous Year ` 17.16 Crores)
90.58 68.40
760.29 488.54
SCHEDULE 4
UNSECURED LOANS
Buyers Credit
(Secured by Guarantee of Consortium Bankers) (Amount repayable with in
one year ` 67.39 Crores, Previous Year ` 71.67 Crores)
67.39 71.67
Commercial Paper
(Amount repayable with in one year ` 145 Crores, Previous Year ` 80 Crores)
(Maximum outstanding during the year ` 340 Crores,
Previous Year ` 345 Crores)
Other Short Term Loans
145.00 80.00
– From Banks 1,133.22 624.30
– From Others 20.25 30.04
1,365.86 806.01