Annual Report 2006-2007 - Gammon India

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 st MARCH, 2007
49
Annual Report 2006-2007
12 months
15 months
Schedule April 06 - March 07
January 05 - March 06
No. Rs. in Crores Rs. in Crores Rs. in Crores Rs. in Crores
INCOME :
Turnover 12 2,084.33 1,645.69
Less : Company’s Share of Turnover in JV 239.49 191.25
1,844.84 1,454.44
Other Operating Income 12A 6.85 8.53
Company’s Share in Profit of Joint Venture [Refer Note - 33(b)] 13.05 8.63
Other Income 12B 6.64 2.15
1,871.38 1,473.75
EXPENDITURE :
Expenditure on Contracts 13 1,636.17 1,238.64
Establishment Expenses 14 43.36 39.75
Financial Cost 15 13.57 47.10
Depreciation 35.22 37.10
1,728.32 1,362.59
PROFIT BEFORE TAX
Provision for Taxation :
143.06 111.16
– Current Tax 40.10 9.25
– Deferred Tax 3.40 (2.07)
– Fringe Benefit Tax 1.20 1.15
44.70 8.33
PROFIT AFTER TAX
Add/(Less):
98.36 102.83
Excess/(Short) Provision of taxation for earlier years (53.88) 1.41
NET PROFIT AFTER PRIOR YEAR TAX CHARGE 44.48 104.24
Profit Brought Forward from last year 102.82 42.40
PROFIT AVAILABLE FOR APPROPRIATION 147.30 146.64
Amount Transferred to General Reserve (10.00) (25.00)
Amount Transferred from Debenture Redemption Reserve – 17.16
Amount Transferred to Debenture Redemption Reserve (10.71) (10.00)
Amount Transferred to Special Contingency Reserve (10.00) (20.00)
Proposed Dividend (0.87) (5.25)
Interim Dividend (3.50) –
Tax on Dividend (0.64) (0.73)
(35.72) (43.82)
Balance Carried to Balance Sheet 111.58 102.82
Earnings Per Share (Refer Note 23)
Before Prior Year Tax Charge
Basic 11.34 13.25
Diluted 11.24 13.12
After Prior Year Tax Charge
Basic 5.12 13.43
Diluted 5.06 13.30
Notes to Accounts 16
Schedules 1 to 16 annexed hereto form part of the Balance Sheet and 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
N. JAYENDRAN
Partner
M.No. 40441
ABHIJIT RAJAN C. C. DAYAL
Chairman & Managing Director Director
RAJUL A. BHANSALI HIMANSHU PARIKH
Executive Director
GITA BADE
Company Secretary
Executive Director
Mumbai, Dated : June 30, 2007 Mumbai, Dated : June 30, 2007