GAMMON INDIA LIMITED

Franco Tosi Meccanica S.p.A.
31.12.2007 Deprec.
year
Movements of the accumulated deprec.
Utilization
year
12.31.2008
Lands 0 0
buildings 9,138,370 1,780,863 10,919,233
Plants and machineries 16,986,801 4,091,273 21,078,074
Production and commercial equipment 1,695,878 529,872 2,225,750
Other assets such as
- vehicles & internal means of transport 320,837 57,572 378,409
- furniture and decoration 15,172 3,624 18,796
- electronic equipment 460,551 97,894 558,445
Tangible assets under development 0 0
Total 28,617,608 6,561,098 0 35,178,707
The increase of the year is mainly due to the recognition among the tangible assets of a building
purchased through a financial lease contract.
Note 2. INTANGIBLE ASSETS
These amount to €1,125,364 with a net increase of €419,993 as compared to December 31 st , 2007 and
are made up as follows:
Historical
cost
31.12.2008 31.12.2007
Accum.
Amort.
Net
value
Historical
Cost
Accum.
Amort.
Set-up and extension costs 52,782 (52,782) 0 52,782 (52,782) 0
Costs of development 1,293,915 (1,244,816) 49,099 1,281,623 (1,125,674) 155,.949
Concessions, licenses & trademarks and similar rights 1,197,255 (122,138) 1,075,117 660,437 (113,193) 547,245
Other assets 2,124,442 (2,123,294) 1,148 2,124,442 (2,122,265) 2,177
Total 4,668,394 (3,543,030) 1,125,364 4,119,284 (3,413,913) 705,371
The increase in intangible assets is mainly due to the purchase of SAP licence incurred over the course
of the business year.
13/26
F
86
Net
value