GAMMON INDIA LIMITED

SAE POWER LINES S.R.L.
IV. Liquid assets
1) Bank and postal deposits 3.790.952 1.371.836
2) Cheques
3) Cash and cash equivalents 67.654 44.439
3.858.606 1.416.275
Total current assets 25.020.483 14.224.464
D) Prepayments and accrued income
- discounts on loans
- others 139.556 61.467
139.556 61.467
Total assets 31.761.626 19.011.938
Liabilities 31/12/2008 31/12/2007
A) Shareholders' equity
I. Share capital 5.000.000 5.000.000
II. Share premium reserve
III. Revalutation reserve
IV. Legal reserve
V. Reserve for Treasury shares
VI. Reserves provided for by the articles of
association
VII. Other reserves (1)
VIII. Retained earnings (loss ) carry forwards (18.778) (1.017.908)
IX. Profit (loss) for the year (2.769.663) (2.500.870)
Total shareholders' equity 2.211.558 1.481.222
B) Provisions for liabilities and charges
1) Provision for pensions and similar obligations
2) Provision for deferred income taxes, including
deferred tax assets
3) Other provisions 209.715 229.352
Total provisions for liabilities and charges 209.715 229.352
C) Employees’ leaving indemnity 2.138.625 2.379.241
D) Accounts Payables
1) Bonds
- falling due within one year
- falling due after more than one year
2) Convertible bonds
- falling due within one year
- falling due after more than one year
3) Shareholders’ loans
- falling due within one year 2.320.000
- falling due after more than one year 7.185.065
7.185.065 2.320.000
4) Accounts payable to banks
- falling due within one year 887
- falling due after more than one year
887
5) Accounts payable to third party lenders
F
Financial statements at. 31/12/2008.. 104
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