Annual Report 2004 - Gammon India

More documents

Recommendations

Info

GAMMON INDIA LIMITED CONSOLIDATED BALANCE SHEET AS AT 31 st DECEMBER, 2004 Schedule 31st DECEMBER, 2004 31st MARCH, 2004 No. Rs. in Lacs Rs. in Lacs Rs. in Lacs Rs. in Lacs SOURCES OF FUNDS : Shareholders’ Funds Capital 1 1,644.41 1,295.68 Reserves & Surplus 2 34,658.21 18,880.10 36,302.62 20,175.78 Loan Funds Secured Loans 3 36,345.68 30,270.11 Unsecured Loans 4 20,130.19 13,342.47 56,475.87 43,612.58 Deferred Tax Liability 3,659.21 3,055.52 TOTAL 96,437.70 66,843.88 APPLICATION OF FUNDS : Fixed Assets 5 — Gross Block 73,827.61 43,753.50 Less : Depreciation & Impairment 14,906.79 12,833.95 — Net Block 58,920.82 30,919.55 Add : Capital Work-in-progress 3,782.62 21,742.12 62,703.44 52,661.67 Investments Current Assets, Loans and Advances 6 1,776.08 3,116.21 Interest Accrued Receivable 204.48 209.02 Inventories 7 35,213.80 26,750.70 Sundry Debtors 8 25,883.86 17,144.09 Cash & Bank Balances 9 7,549.42 2,931.26 Loans & Advances 10 14,971.91 13,282.04 83,823.47 60,317.11 Less : Current Liabilities and Provisions : 10A Current Liabilities 51,023.35 48,595.92 Provisions 933.72 655.19 51,957.07 49,251.11 31,866.40 11,066.00 Miscellaneous Expenses 11 91.78 — TOTAL 96,437.70 66,843.88 Notes to Accounts 16 Schedules 1 to 16 annexed hereto form part of the Consolidated Balance Sheet and Consolidated Profit and Loss Account. As per our attached report of even date. For NATVARLAL VEPARI & CO., Chartered Accountants P.N. VEPARI Partner M. No. 4954 Mumbai, Dated: 19 th May, 2005. 66 For and on behalf of the Board of Directors ABHIJIT RAJAN C. C. DAYAL Chairman & Managing Director Director S. K. GUHA THAKURTA HIMANSHU PARIKH Director Director P. S. GUPCHUP Company Secretary Mumbai, Dated: 19 th May, 2005.
CONSOLIDATED PROFIT AND LOSS ACCOUNT FOR THE NINE MONTH PERIOD ENDED 31 st DECEMBER, 2004 Schedule April '04-December '04 April '03-March '04 No. Rs. in Lacs Rs. in Lacs Rs. in Lacs Rs. in Lacs INCOME : Turnover — Construction Activities 85,045.84 105,636.93 — Infrastructure Projects 12 1,807.94 375.22 Other Operating Income 12A 1,411.69 382.96 Other Income 12B 8.95 82.87 88,274.42 106,477.98 EXPENDITURE : Expenditure on Contracts 13 75,701.90 94,000.46 Operational Expenses – Infrastructure Projects 36.37 9.31 Establishment Expenses 14 2,528.67 2,632.62 Financial Costs 15 3,553.43 3,760.51 Depreciation 2,152.98 83,973.35 2,178.70 102,581.60 PROFIT BEFORE TAX 4,301.07 3,896.38 Provision for Taxation : — Current 492.48 1,501.00 — Deferred 603.70 394.16 67 1,096.18 1,895.16 PROFIT AFTER TAX 3,204.89 2,001.22 Add/(Less) Provision for Taxation of earlier years net of Written Back of excess provision (475.61) (484.05) Depreciation Written Back 150.92 — Share of Profits in Associates 113.58 217.92 Transferred to Minority Interest 103.99 0.63 Profit/(Loss) on disposal of Subsidiaries/Associates (135.94) 252.10 Prior Period Adjustments in respect of — Share of Profits in Associates/Joint Ventures (Refer Note No. B-3) (323.80) (131.12) — Share of Profits in Subsidiares (Refer Note No. B-1 a) (74.65) — Preliminary/Deferred Revenue Expenses & Goodwill W/Off 100.44 (541.07) (68.67) (213.19) NET PROFIT FOR THE YEAR 2,663.82 1,788.03 Profit Brought Forward from last year 1,476.68 2,049.17 PROFIT AVAILABLE FOR APPROPRIATION 4,140.50 3,837.20 Amount Transferred to General Reserve (1,606.08) (900.00) Debenture Redemption Reserve (1,072.00) (1,072.00) Foreign Projects Reserve — (32.00) Proposed Dividend (384.55) (316.03) Provision for Tax on Dividend (54.75) (3,117.38) (40.49) (2,360.52) Balance carried to Balance Sheet 1,023.12 1,476.68 Weighted Average No. of Equity Shares O/s 12,887,658 12,495,984 Nominal Value of Equity Shares 10 10 Earnings Per Share Basic 20.67 14.31 Diluted 20.44 14.14 W.e.f. 28 th February, 2005 after stock split (Refer Note B-18) Weighted Average No. of Equity Shares O/s 64,438,290 62,479,920 Nominal Value of Equity Shares 2 2 Basic 4.13 2.86 Diluted 4.09 2.83 Notes to Accounts 16 Schedules 1 to 16 annexed hereto form part of the Consolidated Balance Sheet and Consolidated Profit and Loss Account. As per our attached report of even date. For and on behalf of the Board of Directors For NATVARLAL VEPARI & CO. Chartered Accountants P. N. VEPARI Partner M. No. 4954 Mumbai, Dated: 19 th May, 2005. ABHIJIT RAJAN C. C. DAYAL Chairman & Managing Director Director S. K. GUHA THAKURTA HIMANSHU PARIKH Director Director P. S. GUPCHUP Company Secretary Mumbai, Dated: 19 th May, 2005.
Page 19 and 20: DIRECTORS’ REPORT Your Directors
Page 21 and 22: Two multipurpose berths at Visakhap
Page 23 and 24: 15. AUDITORS : M/s. Natvarlal Vepar
Page 25 and 26: REPORT ON CORPORATE GOVERNANCE COMP
Page 27 and 28: (c) Reviewing with management the a
Page 29 and 30: 7. GENERAL SHAREHOLDER INFORMATION
Page 31 and 32: 8. DISTRIBUTION OF SHAREHOLDING AS
Page 33 and 34: To The Members of GAMMON INDIA LIMI
Page 35 and 36: (b) Energy Projects and High Rise S
Page 37 and 38: Emphasis in Human Resource Manageme
Page 39 and 40: ANNEXURE TO THE AUDITORS’ REPORT
Page 41 and 42: (x) The Company does not have any a
Page 43 and 44: PROFIT AND LOSS ACCOUNT FOR THE NIN
Page 45 and 46: 43 31.12.2004 31.03.2004 Rs. in Lac
Page 47 and 48: Face Value Nos. as on Nos. as on 31
Page 49 and 50: 31.12.2004 31.03.2004 Rs. in Lacs R
Page 51 and 52: SCHEDULE 13 49 31.12.2004 31.03.200
Page 53 and 54: SCHEDULE 16 NOTES TO ACCOUNTS A. AC
Page 55 and 56: 11. MANAGERIAL REMUNERATION : Perio
Page 57 and 58: 22. In respect of the infrastructur
Page 59 and 60: Joint Ventures: 12. Gammon STG 13.
Page 61 and 62: 31. Details of Joint Ventures (a) D
Page 63 and 64: CASH FLOW FOR THE YEAR ENDED 31 st
Page 65 and 66: STATEMENT PURSUANT TO SECTION 212 O
Page 67: AUDITORS’ REPORT TO THE BOARD OF
Page 71 and 72: 31.12.2004 31.03.2004 Rs. in Lacs R
Page 73 and 74: SCHEDULE 9 71 31.12.2004 31.03.2004
Page 75 and 76: SCHEDULE 12A 73 31.12.2004 31.03.20
Page 77 and 78: SCHEDULE 16 NOTES TO ACCOUNTS A. AC
Page 79 and 80: B. OTHER NOTES : 1. (a) The followi
Page 81 and 82: 6. (I) Non-Convertible Debentures:
Page 83 and 84: (b) The break up of the deferred ta
Page 85 and 86: 35. CONTINGENT LIABILITIES NOT PROV
Page 87 and 88: Key Management Personnel & Relative
Page 89: CONSOLIDATED CASH FLOW FOR THE YEAR

Annual Report 2004 - Gammon India

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?