Annual Report 2006-2007 - Gammon India

GAMMON INDIA LIMITED
31st March, 2007 31st March, 2006
Rs. in Crores Rs. in Crores Rs. in Crores Rs. in Crores
SCHEDULE 11
LOANS AND ADVANCES :
(Unsecured, considered good, unless otherwise stated)
Project Advances 187.09 159.78
Advances recoverable in cash or in kind for value to be received 35.11 44.79
Less : Provision made 0.96 0.96
221.24 203.61
Advance Taxes Paid 94.77 73.00
Loan to Joint venture Company 15.31 4.62
Advance for Purchase of Development Rights 61.00 –
Tender Deposits 19.82 21.90
Other Deposits/Advances 21.96 11.85
Deposits with Joint Stock Companies :
Considered Good : 17.15
- Secured 50.00 –
- Other 38.80 –
Considered doubtful (including interest) 6.40 6.40
Less : Provisions made (6.40) (6.40)
88
88.80 17.15
522.90 332.13
31st March, 2007 31st March, 2006
Rs. in Crores Rs. in Crores Rs. in Crores Rs. in Crores
SCHEDULE 12
CURRENT LIABILITIES :
Sundry Creditors 450.46 426.17
Advances from Clients
Less : value of Materials drawn from Contractees
268.63 221.04
Contra (Refer Schedule 8) 3.53 5.64
265.10 215.40
Equity Contribution Refundable (Refer Note B-2 & B-3) – 7.04
Interest accrued but not due on Loans 21.75 24.85
Unpaid Dividends 3.77 0.29
Unpaid Matured Fixed Deposits 0.23 0.43
741.31 674.18
PROVISIONS :
Proposed Dividend 0.87 5.25
Provision for Taxation 127.11 36.88
Provision for Tax on Dividend 0.15 0.73
Provision for Staff Benefits 8.30 7.45
136.43 50.31
31st March, 2007 31st March, 2006
Rs. in Crores Rs. in Crores Rs. in Crores Rs. in Crores
SCHEDULE 13
MISCELLEANEOUS EXPENSES :
Preliminary Expenses 1.36 0.30
Deferred Revenue Expenses – 0.07
1.36 0.37