Annual Report 2010-2011 - Gammon India

SCHEDULE 5
FIXED ASSETS
(` in Crores)
GROSS BLOCK DEPRECIATION NET BLOCK
AS AT
31.03.2010
AS AT
31.03.2011
FETR AS AT
31.03.2011
DEDUCTIONS/
ADJUSTMENTS
FOR THE
YEAR
AS AT
01.04.2010
AS AT
31.03.2011
ADDITIONS FETR DEDUCTIONS/
ADJUSTMENTS
PARTICULARS AS AT
01.04.2010
TANGIBLE ASSETS
LEASEHOLD LAND 3.78 0.94 – – 4.71 0.07 – 0.03 – 0.04 4.67 3.70
FREEHOLD PROPERTY 330.34 31.84 – – 362.18 27.27 5.15 – – 32.42 329.76 303.07
PLANT AND MACHINERY 945.34 280.22 0.43 13.16 1,212.84 282.33 73.41 9.56 0.21 346.39 866.45 663.01
MOTOR VEHICLES 139.44 11.18 0.00 8.37 142.25 64.00 8.34 7.28 0.00 65.06 77.19 75.43
OFFICE EQUIPMENTS 27.34 18.36 – – 45.70 10.47 3.64 – – 14.11 31.59 16.87
ELECTRICAL INSTALLATION 2.05 2.20 – – 4.25 0.28 0.28 – – 0.56 3.69 1.77
WINDMILLS 26.95 – – – 26.95 8.43 2.79 – – 11.22 15.73 18.52
TOTAL TANGIBLE ASSETS 1,475.24 344.74 0.43 21.53 1,798.88 392.85 93.61 16.87 0.21 469.81 1,329.08 1,082.38
INTANGIBLE ASSETS
TOWER DESIGN 3.47 – – – 3.47 1.56 1.20 – – 2.76 0.71 1.92
ERP SOFTWARE 0.09 0.17 – – 0.25 0.04 0.03 – – 0.07 0.18 0.05
TOTAL INTANGIBLE ASSETS 3.56 0.17 – – 3.73 1.60 1.23 – – 2.83 0.89 1.97
TOTAL ASSETS 1,478.80 344.91 0.43 21.53 1,802.61 394.45 94.84 16.87 0.21 472.64 1,329.97 1,084.35
PREVIOUS YEAR 1,275.01 214.17 2.83 7.55 1,478.80 326.98 74.08 5.50 1.12 394.45 1,084.35
ADD: CAPITAL WORK IN PROGRESS INCLUDING CAPITAL ADVANCES 52.68 84.64
1,382.65 1,168.99
NOTES:
1. Freehold Property includes cost of Freehold Land ` 123.50 Crores including the revaluation portion (Previous Year ` 123.50 Crores).
2. Leasehold Land is at cost less amount written off.
3. 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 ` 186.89 Crores and has been credited to the Revaluation Reserve A/c.
4. Depreciation for the Year Ended 31st March, 2011 amounts to ` 94.84 Crores (Previous Year Ended 31/03/2010 ` 74.08 Crores) from which has been deducted a sum of ` 3.13 Crores (Previous Year ` 3.13 Crores) being the Depreciation in
respect of Revaluation of Fixed Assets which has been drawn from the Revaluation Reserve A/c.
5. Exchange Valuation difference in respect of Oman Fixed Assets ` 0.22 Crores (Previous Year ` 1.72 Crores) being transferred to Foreign Currency Translation reserve.
6. Borrowing cost capitalised to Capital Work In Progress is ` 2.61 Crores (Previous Year ` 4.46 Crores).
A NNUAL R EPORT I 2010/11
73