GAMMON INDIA LIMITED

Description 31/12/2007 Additions Decreases Value 31/12/2008
Provision for taxes, including deferred taxes
Other provisions 229.352 64.000 83.637 209.715
Rounding off
TOTAL 229.352 64.000 83.637 209.715
The decreases refers to use of the year.
The item “Other provisions” at 31.12.2008 includes a provision amounting to Euro 114.852 allocated to cover
charges for legal action done by two employees of the unit of Rome closed last year an allowance to cover exchange
risk on Usd amounting to Euro 94.863.
C) Employees’ leaving indemnity
Balance at 31/12/2008 Balance at 31/12/2007 Changes
2.138.625 2.379.241 (240.616)
The difference can be described as follows.
Variazioni 31/12/2007 Additions
TFR, changes occurred in the
period
Decreases
31/12/2008
2.379.241 59.050 299.666 2.138.625
The provision represents the real debt of the company at 31/12/2008 to its employees at that date, net of any
advances paid.
D) Accounts payable
Balance at 31/12/2008 Balance at 31/12/2007 Changes
27.172.049 14.872.817 12.299.232
Accounts payable have been valued at their nominal value and can be broken down by due date as follows.
Description Falling due
within one year
Falling due after
more than one
year
Falling due
after more than
five years
Bonds
Convertible bonds
Shareholder loans 7.185.065 7.185.065
Accounts payable to banks
Accounts payable to third party
lenders
Total
1.205.381 1.205.381
Advances 6.816.083 6.816.083
Accounts payable to suppliers
Accounts payable represented by
negotiable instruments
Accounts payable to controlled
undertakings
Accounts payable to affiliated
undertakings
8.650.128 8.650.128
Accounts payable to controlling
671.137 671.137
companies
Taxes payable 1.112.491 1.112.491
Accounts payable to social 567.222 567.222
F
120