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 10
LOANS AND ADVANCES
(Unsecured, considered good, unless otherwise stated)
Project Advances 76.00 78.89
Other Advances recoverable in cash or in kind for value to be received 116.50 167.86
Less: Provision made 2.02 2.02
190.48 244.73
Dues from/loans to Subsidiary Companies (Refer Note B-11) 832.50 516.23
Dues from Gammon Al Matar JV 19.91 33.55
Direct Taxes Paid 506.07 371.44
Less: Provision for Taxation 336.34 288.20
169.73 83.24
Balance with Tax Authorities 37.16 39.96
Tender Deposits 26.03 16.90
Other Deposits
Deposits with Joint Stock Companies:
38.75 20.59
Secured (Refer Note B-6)
Unsecured
– 50.00
– Considered Good 66.83 60.01
– Considered Doubtful (including interest) 6.40 6.40
Less: Provisions made 6.40 6.40
66.83 110.01
1,381.39 1,065.21
SCHEDULE 11
CURRENT LIABILITIES
Sundry Creditors (Refer Note B-9) 1,219.16 1,248.96
Other Creditors 71.49 40.44
Duty & Taxes Payable 17.12 19.54
Advances from Clients
Less: Value of Materials drawn from Contractees
922.45 935.92
Contra – Refer Schedule 7 2.73 0.24
919.72 935.68
Interest accrued but not due on Loans 47.16 34.41
Unpaid Dividends (Refer Note B-31) 0.72 0.60
Unpaid Matured Fixed Deposits 0.08 0.13
2,275.45 2,279.76
PROVISIONS
Proposed Dividend
– Equity Shares 5.46 7.65
– Preference Shares – 6.07
Provision for Tax on Dividend 0.89 2.28
Provision for Gratuity 3.76 1.52
Provision for Leave Encashment 16.76 12.65
26.87 30.17
A NNUAL R EPORT I 2010/11
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