GAMMON INDIA LIMITED

Franco Tosi Meccanica S.p.A.
Note 5. OTHER RECEIVABLES
This item is made up as follows:
12.312008 12.31.2007
Total Non-current Current Total Non-current Current
Advances on leaving indemnities 0 22,344 22,344
Security deposits 12,768 12,768 12,768 12,768
From others 4,003,499 1,350,953 2,652,546 2,296,052 2,296,052
Income and prepaid expenses 5,979,159 5,979,159 3,913,370 3,913,370
Total 9,995,426 1,363,721 8,631,705 6,244,534 35,112 6,209,422
The item “other receivables” contains the security deposits in order to have business relationships with
third parties.
The increase of the item “accrued income and prepaid expenses” is mainly due to the interest accrued
on VAT credits not cashed yet and to insurance charges on work orders related to following business
years.
The non-current share of the credits toward third parties is mainly referred to the accrued credit from
INPS (Italian National Social Security Institute ndt) for the TFR ( Trattamento di Fine Rapporto -
employee’s leaving indemnity ndt) paid to the INPS treasury account, which finds the corresponding
offset under liabilities, that is to say, provision for pension funds.
Note 6. INVENTORIES
This item is made up as follows:
”Inventories” refers exclusively to raw materials, both ancillary and consumable materials, assessed
according to the previously mentioned standards.
12.31.2008 12.31.2007
Total Non-current Current Total Non-current Current
Inventories of Raw, Ancillary Materials
And Consumables 3,148,123 3,148,123 3,095,604 0 3,095,604
Advances 5,037,188 5,037,188 4,471,213 0 4,471,213
Total 8,185,311 0 8,185,311 7,566,817 0 7,566,817
F
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