Annual Report 2004 - Gammon India
Annual Report 2004 - Gammon India
Annual Report 2004 - Gammon India
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PROFIT AND LOSS ACCOUNT FOR THE NINE MONTH<br />
PERIOD ENDED 31 st DECEMBER, <strong>2004</strong><br />
Schedule April <strong>2004</strong> – December <strong>2004</strong> April 2003 – March <strong>2004</strong><br />
No. Rs. in Lacs Rs. in Lacs Rs. in Lacs Rs. in Lacs<br />
INCOME :<br />
Turnover 86,659.60 111,971.53<br />
Other Operating Income 12 1,093.24 406.50<br />
Other Income 12A 25.75 55.14<br />
87,778.59 112,433.17<br />
EXPENDITURE :<br />
Expenditure on Contracts 13 75,931.92 99,077.34<br />
Establishment Expenses 14 2,227.48 2,511.44<br />
Financial Costs 15 2,815.09 3,404.33<br />
Depreciation 1,645.31 1,994.26<br />
PROFIT BEFORE TAX 82,619.80 106,987.37<br />
5,158.79 5,445.80<br />
Provision for Taxation :<br />
— Current 408.00 1,500.00<br />
— Deferred 460.60 537.00<br />
41<br />
868.60 2,037.00<br />
PROFIT AFTER TAX 4,290.19 3,408.80<br />
Add/(Less)<br />
Short Provision of taxation for earlier years (475.91) (482.30)<br />
NET PROFIT FOR THE YEAR 3,814.28 2,926.50<br />
Profit Brought Forward from last year 3,543.17 2,977.19<br />
PROFIT AVAILABLE FOR APPROPRIATION 7,357.45 5,903.69<br />
Amount Transferred to General Reserve (1,606.08) (900.00)<br />
Debenture Redemption Reserve (1,072.00) (1,072.00)<br />
Foreign Projects Reserve — (32.00)<br />
Proposed Dividend (384.55) (316.03)<br />
Tax on Dividend (54.75) (40.49)<br />
(3,117.38) (2,360.52)<br />
Balance carried to Balance Sheet 4,240.07 3,543.17<br />
As at Balance Sheet before share split<br />
Weighted Average No. of Equity Shares O/s 12,887,658 12,495,984<br />
Nominal Value of Equity Shares 10 10<br />
Earnings Per Share<br />
Basic 29.60 23.42<br />
Diluted 29.27 23.15<br />
W.e.f. 28 th February, 2005 after stock split<br />
(Refer Note B - 16)<br />
Weigted Average No. of Equity Shares O/S 64,438,290 62,479,920<br />
Nominal Value of Equity Shares 2 2<br />
Earnings Per Share<br />
Basic 5.92 4.68<br />
Diluted 5.85 4.63<br />
Notes to Accounts 16<br />
Schedules 1 to 16 annexed hereto form part of the Balance Sheet and Profit and Loss Account.<br />
As per our attached report of even date.<br />
For NATVARLAL VEPARI & CO.<br />
Chartered Accountants<br />
N. JAYENDRAN<br />
Partner<br />
M. No. 40441<br />
Mumbai, Dated: 25 th March, 2005.<br />
For and on behalf of the Board of Directors<br />
ABHIJIT RAJAN C. C. DAYAL<br />
Chairman & Managing Director Director<br />
S. K. GUHA THAKURTA HIMANSHU PARIKH<br />
Director Director<br />
RAJUL A. BHANSALI P. S. GUPCHUP<br />
Executive Director Company Secretary<br />
Mumbai, Dated: 25 th March, 2005.
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