GAMMON INDIA LIMITED

Accounts receivable from others at 31/12/2008, which amount to 365,272 EURO, break down as follows.
Descrizione Importo
lLan towards Sae spa 320.292
Accounts receivable from Seal Investment SAx 43.000
Advances to employees for transfers 1.980
TOTAL 365.272
The prepaid taxes for 3,180,196 EURO refer to deductible temporary differences and to fiscal losses reportable for
fiscal purposes.
For a description of the reasons that make the recording of the potential fiscal benefit connected with these losses
possible, refer to the relative paragraph of these notes.
The distribution of the accounts receivable at 31.12.2008 according to geographical area is shown in the following
table.
Accounts
receivable by
geographical area
From
customers
31/12/2008
From
controlled
undertakings
From
affiliated
undertakings
From
controlling
31/12/2008
Other
accounts
receivable
Italy 609.584 365.272 974.856
Algeria 3.719.023 3.719.023
Albania 3.691.656 3.691.656
Benin 1.576.671 1.576.671
Ghana 1.147.678 1.147.678
Sierra Leone 994.692 994.692
Nigeria 363.460 363.460
Spagna 154.156 154.156
Svezia 5.000 5.000
TOTAL 12.261.920 365.272 12.627.192
IV. Liquid assets
Total
Value at 31/12/2008 Value at 31/12/2007 Changes
3.858.606 1.416.275 2.442.331
Description 31/12/2008 31/12/2007
Bank and postal deposits 3.790.952 1.371.836
Cheques
Cash and cash equivalents 67.654 44.439
Rounding off
3.858.606 1.416.275
The balance reflects the liquid assets and the cash-in-hand and cash equivalents at the year-end.
D) Accrued income – prepayments
Value at 31/12/2008 Value at 31/12/2007 Changes
139.556 61.467 78.089
They constitute the adjustment to costs and income pertaining to more than one fiscal year, incurred and earned
before actual payment or collection and calculated on an accrual basis.
Also for these items, the criteria adopted in the valuation and in the conversion of the values expressed in foreign
currency are shown in the first part of these
F
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