Annual Report 2004 - Gammon India

GAMMON INDIA LIMITED
SCHEDULES 1 TO 16 ATTACHED TO AND FORMING PART OF THE
CONSOLIDATED BALANCE SHEET AS AT 31 st DECEMBER, 2004 AND CONSOLIDATED
PROFIT AND LOSS ACCOUNT FOR THE NINE MONTH PERIOD ENDED 31 st DECEMBER, 2004
31.12.2004 31.03.2004
Rs. in Lacs Rs. in Lacs Rs. in Lacs Rs. in Lacs
SCHEDULE 1
SHARE CAPITAL :
AUTHORISED :
5,00,00,000 Equity Shares of Rs. 10/- each. 5,000.00 5,000.00
ISSUED :
1,55,53,122 (Previous Year 1,28,12,092) Equity Shares of Rs. 10/- each 1,555.31 1,281.21
SUBSCRIBED AND PAID-UP :
1,54,07,962 (Previous Year 1,26,66,932) Equity Shares of Rs. 10/- each 1,540.79 1,266.69
Less : Forfeiture of 1,70,948 Equity Shares 17.09 17.09
1,523.70 1,249.60
Of the above :
(52,800 Shares are issued for consideration other than Cash
11,61,340 Shares are issued as fully paid Bonus Shares by
Capitalisation of Rs. 70.68 lacs from Reserves and Rs. 45.45 lacs
from Share Premium Account)
SHARE FORFEITURE ACCOUNT :
Money received in respect of 1,70,948 Rights Shares forfeited
Minority Interest
34.21 34.21
Opening Balance
Add : Transferred during the current Year
11.87 7.59
— Share Capital A/c 58.35 4.91
— Loan A/c 226.81 —
Less : Share of Profit/(Loss) during the Year
Less : Transffered from Foreign Fluctuation Reserve during the Year
(206.35) —
(Refer Note No. B-34) (4.18) (0.63)
68
86.50 11.87
1,644.41 1,295.68
31.12.2004 31.03.2004
Rs. in Lacs Rs. in Lacs Rs. in Lacs Rs. in Lacs
SCHEDULE 2
RESERVES AND SURPLUS:
FOREIGN PROJECTS RESERVE ACCOUNT :
As per last Balance Sheet 32.00 100.00
Add : Transferred from Profit and Loss A/c — 32.00
Less : Transferred to General Reserve A/c — 32.00 100.00 32.00
GENERAL RESERVE ACCOUNT :
As per last Balance Sheet 6,000.00 5,000.00
Add : Transferred from Foreign Project Reserve — 100.00
Add : Transferred from Profit and Loss A/c 1,606.08 900.00
7,606.08 6,000.00
Less : Impairment Charge of Earlier Year (Refer Note No. B - 25 c) 106.08 7,500.00 — 6,000.00
SECURITIES PREMIUM ACCOUNT :
As per last Balance Sheet 2,415.82 2,415.82
On issue of 18,25,000 Equity Shares @ Rs. 495/- per share 9,033.75 —
On issue of 9,16,030 Equity Shares @ Rs. 565/- per share 5,175.57 —
16,625.14 2,415.82
Less : Share Issue Expenses 441.22 16,183.92 — 2,415.82
REVALUATION RESERVE ACCOUNT :
As per last Balance Sheet 7,021.59 7,172.88
Less : Depreciation on Revalued Assets 108.42 6,913.17 151.29 7,021.59
DEBENTURE REDEMPTION RESERVE ACCOUNT :
As per last Balance Sheet 1,934.00 862.00
Add : Transferred from Profit and Loss A/c 1,072.00 3,006.00 1,072.00 1,934.00
PROFIT AND LOSS ACCOUNT 1,023.12 1,476.69
34,658.21 18,880.10