Annual Report 2006-2007 - Gammon India

Schedules 1 to 18 annexed hereto form part of the Consolidated Balance Sheet and Consolidated Profit and Loss Account
As per our attached report of even date
For NATvARLAL vEPARI & CO.
Chartered Accountants
N. JAYENDRAN
Partner
M.No. 40441
CONSOLIDATED PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 st MARCH, 2007
83
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 14 2,356.47 2,034.05
Other Operating Income 14 A 7.10 10.00
Other Income 14 B 4.40 1.45
2,367.97 2,045.50
EXPENDITURE
Expenditure on Contracts 15 2,017.57 1,641.74
Establishment Expenses 16 63.10 58.90
Financial Costs 17 63.24 100.23
Depreciation 77.84 83.91
Goodwill Amortised 2.07 1.47
2,223.82 1,886.25
PROFIT BEFORE TAX & SHARE IN ASSOCIATES 144.15 159.25
Add : Share of Profit in Associates (Refer Note B-1c) 12.99 9.03
PROFIT BEFORE TAX & AFTER SHARE IN ASSOCIATES
Provision for Taxation :
157.14 168.28
– Current 49.61 14.72
– Deferred 6.74 (0.19)
– Fringe Benefit Tax 1.26 1.17
57.61 15.70
PROFIT AFTER TAX 99.53 152.58
Transferred to Minority Interest (7.66) (9.06)
(Short)/Excess provision of tax of earlier year (56.47) 1.00
Prior Period Adjustments (0.33) 0.06
NET PROFIT FOR THE YEAR 35.07 144.58
Profit Brought Forward from last year 84.64 10.23
PROFIT AVAILABLE FOR APPROPRIATION 119.71 154.81
Transferred to General Reserve 10.00 26.82
Transferred to Debenture Redemption Reserve 10.71 10.00
Transferred from Debenture Redemption Reserve – (17.16)
Minority Interest for earlier year
Unrealised Profits relating to prior periods after acquisition
(0.93) 2.32
of further stake in SPvs – 22.01
Special Contingency Reserve 10.00 20.00
Amount Transferred to Other Reserve – 0.20
Proposed Dividend 0.87 5.25
Provision for Interim Dividend 3.50 –
Provision for Tax on Dividend 0.64 0.73
34.79 70.17
BALANCE CARRIED TO BALANCE SHEET
Earnings per Share (Refer Note B-18)
Before Prior Year Tax Charges
84.92 84.64
Basic 10.56 18.49
Diluted
After Prior Year Tax Charges
10.46 18.31
Basic 4.04 18.62
Diluted 4.01 18.45
Notes to Accounts 18
For and on behalf of the Board of Directors
ABHIJIT RAJAN C. C. DAYAL
Chairman & Managing Director Director
RAJUL A. BHANSALI HIMANSHU PARIKH
Executive Director Executive Director
GITA BADE
Company Secretary
Mumbai, Dated: 31st July, 2007 Mumbai, Dated: 31st July, 2007