GAMMON INDIA LIMITED

GAMMON INDIA LIMITED
REFORMATTED CONSOLIDATED PROFIT AND LOSS ACCOUNTS FOR THE LAST THREE REPORTING YEARS
Schedule 2008-09 2007-08 2006-07
Rs. in Rs. in Rs. in
No. Millions Millions Millions
INCOME
Sales/Turnover 12 52,121.81 26,434.56 23,564.75
Less: Excise Duty 459.96 - -
51,661.85 26,434.56 23,564.75
Other Operating Income 13 538.05 53.97 71.00
Other Income 14 588.18 102.85 43.95
TOTAL INCOME 52,788.08 26,591.38 23,679.70
EXPENDITURE
Expenditure on Contracts / Direct Costs 15 43,895.42 22,334.65 20,175.78
Establishment Expenses 16 3,527.71 1,095.37 631.00
Financial Costs (Net) 17 2,414.51 970.24 632.36
Depreciation 1,439.07 883.17 778.39
Goodwill Amortised - - 20.72
TOTAL EXPENDITURE 51,276.71 25,283.43 22,238.25
PROFIT BEFORE TAX & SHARE IN ASSOCIATES 1,511.37 1,307.95 1,441.45
Add : Share of Profit/(Loss) in Associates (Refer Note B-3) (18.66) 151.04 129.89
PROFIT BEFORE TAX & AFTER SHARE IN ASSOCIATES 1,492.71 1,458.99 1,571.34
Provision for Taxation :
- Current 850.43 593.39 496.09
- Deferred (34.67) 33.15 67.39
- Fringe Benefit Tax 28.53 17.80 12.61
844.29 644.35 576.09
PROFIT AFTER TAX 648.42 814.64 995.25
Add/(Less)
Transferred to Minority Interest (139.11) (79.72) (76.60)
(Short) / Excess provision for taxation for earlier years 8.66 (22.37) (564.73)
Prior Period Adjustments 45.19 0.35 (3.27)
NET PROFIT AFTER PRIOR YEAR TAX CHARGE 563.16 712.90 350.65
Profit Brought Forward from last year 1,183.94 849.16 846.40
PROFIT AVAILABLE FOR APPROPRIATION 1,747.10 1,562.06 1,197.05
Amount Transferred to General Reserve 297.09 149.49 100.00
Reversal of Profits of erstwhile ATSL pursuant to Amalgamation 354.73 - -
Amount Transferred to Debenture Redemption Reserve 249.03 115.05 107.11
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