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GAMMON INDIA LIMITED

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SAE POWER LINES S.R.L.<br />

- falling due within one year<br />

- falling due after more than one year<br />

1.205.381 1.170.551<br />

6) Payments received on account (advances)<br />

1.205.381 1.170.551<br />

- falling due within one year<br />

- falling due after more than one year<br />

6.816.083 973.850<br />

7) Accounts payable to suppliers<br />

6.816.083 973.850<br />

- falling due within one year<br />

- falling due after more than one year<br />

8.650.128 8.372.732<br />

8) Accounts payable represented by negotiable<br />

instruments<br />

- falling due within one year<br />

- falling due after more than one year<br />

8.650.128 8.372.732<br />

9) Accounts payable to controlled undertakings<br />

- falling due within one year<br />

- falling due after more than one year<br />

10)Accounts payable to affiliated undertakings<br />

- falling due within one year<br />

- falling due after more than one year<br />

11) Accounts payable to controlling companies<br />

- falling due within one year 671.137<br />

- falling due after more than one year<br />

671.137<br />

12) Taxes payable<br />

- falling due within one year 1.112.491 780.844<br />

- falling due after more than one year<br />

1.112.491 780.844<br />

13) Accounts payable to social security institutions<br />

- falling due within one year 567.222 430.781<br />

- falling due after more than one year<br />

567.222 430.781<br />

14) Other accounts payable<br />

- falling due within one year 964.542 823.172<br />

- falling due after more than one year<br />

964.542 823.172<br />

Total accounts payables 27.172.049 14.872.817<br />

E) Accrued liabilities and deferred income<br />

- loan interests<br />

- other accrued liabilities and deferred income 29.679 49.306<br />

29.679 49.306<br />

Total shareholders’ equity and liabilities 31.761.626 19.011.938<br />

Memo accounts 31/12/2008 31/12/2007<br />

1) Third parties' assets at the company’s assets (59.357) (645.676)<br />

2) Engagements<br />

3) Risks 7.497.584 7.449.354<br />

4) Link between Civil Code and tax rules<br />

Total memo accounts 7.438.227 6.803.678<br />

F<br />

Financial statements at. 31/12/2008.. 105<br />

Page 4

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