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GAMMON INDIA LIMITED

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SAE POWER LINES S.R.L.<br />

Società unipersonale<br />

SAE POWER LINES S.R.L.<br />

03682960962<br />

17939860<br />

--<br />

Registered Office VIALE EDISON, 50 - 20099 SESTO SAN GIOVANNI (MI) Share Capital 5.000.000,00 i.v.<br />

Balance Sheet<br />

Financial statements at 31/12/2008<br />

Assets 31/12/2008 31/12/2007<br />

A) Accounts receivable from shareholders in respect<br />

of unpaid share capital<br />

( called up)<br />

B) Fixed assets<br />

I. Intangible assets<br />

1) Start-up and expansion costs 2.620 5.240<br />

2) Research, developement and advertising costs<br />

3) Industrial patent and intellectual property rights 66.083 20.364<br />

4) Concessions, licenses, trademarks and similar right<br />

5) Goodwill<br />

6) Work-in-progress and advances<br />

7) Other intangible assets<br />

68.703 25.604<br />

II. Tangible assets<br />

1) Land and buildings 11.844 13.776<br />

2) Plant and machinery 916.812 723.538<br />

3) Industrial and commercial equipment 176.967 188.402<br />

4) Other assets 973.502 547.312<br />

5) Work-in-progress and advances<br />

2.079.125 1.473.028<br />

III. Financial assets<br />

1) Shareholdings in:<br />

a) controlled undertakings<br />

b) affiliated undertakings<br />

c) controlling companies<br />

d) other companies<br />

2) Accounts Receivables<br />

a) from controlled undertakings<br />

- falling due within one year<br />

- falling due after more than one year<br />

b) from affiliated undertakings<br />

- falling due within one year<br />

- falling due after more than one year<br />

c) from controlling companies<br />

- falling due within one year<br />

- falling due after more than one year<br />

d) Other accounts receivable<br />

- falling due within one year 2.380.282 3.227.375<br />

- falling due after more than one year 2.073.477<br />

F<br />

Financial statements at. 31/12/2008.. 102<br />

Page 1

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