GAMMON INDIA LIMITED

the reasonable certainty that in future the company will obtain taxable incomes which enable it to absorb these
losses.
As more amply shown in the Directors’ Report, in the year 2008 a considerable increase of the turnover and order
book is forecasted, which will enable it to obtain in the following years to obtain sufficient taxable incomes to
absorb the tax losses.
Other information
As required by the law, we set out below the Directors’ and Statutory Auditors’ fees (article 2427 (1)(16) of the
Civil Code):
Office Fee
Directors 50.000
Statutory Auditors 29.900
These financial statements, composed of the balance sheet, profit and loss account and notes, are a true and fair view
of the company’s state of affairs and economic result for the year and are in accordance with the underlying
accounting records.
President of the Board
BAGDE DIGAMBAR CHUNNILAL
F
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