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GAMMON INDIA LIMITED

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REFORMATTED CONSOLIDATED BALANCE SHEET FOR THE LAST THREE REPORTING YEARS<br />

SOURCES OF FUNDS :<br />

xxiv<br />

2008-09 2007-08 2006-07<br />

Rs. in Millions Rs. in Millions Rs. in Millions<br />

Shareholders' Fund<br />

Share Capital 1,267.12 176.91 176.91<br />

Employee Stock Options 43.92 11.35 -<br />

Reserves & Surplus 15,554.47 14,062.81 11,970.20<br />

A 16,865.51 14,251.07 12,147.11<br />

Minority Interest B 2,318.33 1,482.14 784.31<br />

Warrants issued in Cochin Bridge Infrastructure Co. Ltd. C - - 0.10<br />

Loan Funds<br />

Secured Loans 24,608.20 13,158.17 10,843.24<br />

Unsecured Loans 18,665.30 3,714.00 1,924.24<br />

D 43,273.50 16,872.17 12,767.48<br />

Deferred Tax Liability 1,390.78 458.74 425.59<br />

APPLICATION OF FUNDS :<br />

TOTAL (A+B+C+D) 63,848.12 33,064.12 26,124.59<br />

Goodwill on Consolidation E 6,478.35 650.28 68.20<br />

Fixed Assets<br />

Gross Block 36,827.37 16,645.08 15,139.24<br />

Less : Depreciation & Impairment 10,430.51 3,962.68 3,077.11<br />

Net Block 26,396.86 12,682.40 12,062.13<br />

Add : Capital Work-in-progress 12,749.82 4,405.90 1,398.85<br />

F 39,146.68 17,088.30 13,460.98<br />

Investments G 947.54 1,651.22 553.32<br />

Foreign Currency Monetary Item Translation Difference A/c H 624.67 -<br />

Current Assets, Loans and Advances<br />

Interest Accrued Receivable 117.97 54.86 63.44<br />

Inventories 15,582.94 7,805.75 7,277.42<br />

Sundry Debtors 27,189.95 7,578.47 5,734.31<br />

Cash & Bank Balances 6,113.66 3,835.40 2,501.72<br />

Loans & Advances 15,019.88 5,690.47 5,228.95<br />

64,024.40 24,964.95 20,805.84<br />

Less : Current Liabilities and Provisions

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