Annual Report 2006-2007 - Gammon India

SCHEDULE 6
FIXED ASSETS :
PARTICULARS
GAMMON INDIA LIMITED
AS AT
01.04.2006
ADDI-
TIONS
86
Rs. in Crores
GROSS BLOCK DEPRECIATION NET BLOCK
DIFF ON
ACCOUNT
OF REvA-
LUATION
DEDUC-
TIONS /
ADJUST-
MENTS
AS AT
31.03.2007
AS AT
01.04.2006
FOR THE
YEAR
DEDUC-
TIONS /
ADJUST-
MENTS
IMPAIR-
MENT
AS AT
31.03.2007
AS AT
31.03.2007
AS AT
31.03.2006
LEASEHOLD LAND 0.04 0.78 – (0.02) 0.80 – – – – – 0.80 0.04
FREEHOLD PROPERTY 87.34 1.51 186.90 – 275.75 13.24 1.58 – – 14.82 260.93 74.10
PLANT AND MACHINERY 425.34 172.95 – (6.97) 591.32 138.80 38.40 (6.20) – 171.00 420.30 286.54
MOTOR vEHICLES 67.01 23.74 – (0.60) 90.15 27.56 8.23 (0.73) – 35.06 55.09 39.45
ROAD & PROJECT
BRIDGES 488.87 2.02 – (1.01) 489.88 50.83 32.03 – – 82.86 407.02 438.04
PROJECT BERTH 58.46 8.74 – (1.18) 66.02 2.29 1.68 – – 3.97 62.07 56.17
TOTAL 1,127.06 209.74 186.90 (9.78) 1,513.92 232.72 81.92 (6.93) – 307.71 1,206.21 894.34
PREVIOUS YEAR 738.27 460.79 – (72.00) 1,127.06 149.06 85.70 1.99 (0.05) 232.72 894.34 –
Add : CAPITAL WORK IN PROGRESS INCLUDING CAPITAL ADvANCES 139.89 26.20
1,346.10 920.54
NOTES :
1. Total of Gross Block of Fixed Assets includes cost of Fixed Assets at Foreign Sites Rs. 73.96 Crores (Previous Year Rs. 47.39 Crores)
2. Freehold Property includes cost of Freehold Land Rs. 4.36 Crores (Previous Fifteen Months Period Rs. 3.6 Crores)
3. Leasehold Land is at cost less amount written off.
4. The Company has once again revalued on 31st March, 2007 most of its Freehold Property, most of which were revalued earlier on 31st March, 1999 by Approved valuers.
The consequent increase in the value of Fixed Assets pursuant to the second revaluation amounted to Rs. 186.90 Crores and has been credited to the Revaluation Reserve A/c.
5 Depreciation for the Year Ended 31st March, 2007 amounts to Rs. 81.93 Crores (Previous Fifteen Months Period Ended 31st March, 2006 Rs. 85.71 Crores) from which has been deducted
a sum of Rs. 1.44 Crores. (Previous Fifteen Months Period Rs. 1.79 Crores) being the Depreciation in respect of Revaluation of Fixed Assets which has been drawn from the
Revaluation Reserve A/C.
6. Exchange Difference Capitalised/(Decapitalised) during the Period Rs. 0.71 Crores (Previous Fifteen Months Period Rs. 0.29 Crores)
7. Exchange valuation difference in respect of Oman Fixed Assets Rs. 0.55 Crores (Previous Fifteen Months Period Rs. 0.03 Crores) being transferred to Foreign Currency Translation
Reserves.
8. Borrowing cost capitalised to Capital Work In Progress is Rs. 0.21 Crores (Previous Fifteen Months Period Nil)
9. Additions includes increased value of assets consolidated pursuant to increase in stake in Joint venture.
31st March, 2007 31st March, 2006
Rs. in Crores Rs. in Crores Rs. in Crores Rs. in Crores
SCHEDULE 7
INVESTMENTS :
INVESTMENTS (AT BOOK VALUE)
1. INvESTMENT IN GOvERNMENT SECURITIES : 1.39 1.39
2. INvESTMENT IN SHARES & DEBENTURES :
(a) TRADE INvESTMENTS (FOREIGN)
Associates Accounted as per AS-23 (Refer Note B-1c) 19.52 –
Others
(b) TRADE INvESTMENTS (INDIAN)
0.18 0.18
Associates Accounted as per AS-23 (Refer Note B-1c) 23.64 14.77
Others 0.01 0.01
(c) NON TRADE INvESTMENTS
- Unquoted – 0.00
- Quoted 7.55 7.55
3. INvESTMENT IN PARTNERSHIP - CAPITAL CONTRIBUTION
Gammon Shah (Fully Provided) – 0.00
4. INvESTMENT IN MUTUAL FUND 1.05 –
5. Share Application Money Pending Allotment 2.18 4.25
GRAND TOTAL 55.52 28.15
Less : Provisions for loss on Investment 0.19 0.19
55.33 27.96