GAMMON INDIA LIMITED

Description Falling due
within one year
Falling due after
more than one
year
Falling due
after more than
five years
security institutions
Other accounts payable 964.542 964.542
Rounding off
TOTAL 19.986.984 7.185.065 27.172.049
The item “Advances” contains the advances received from the customers for supplies of goods and services; this
item includes the advances with function of advance payment for the different jobs in progress.
Shareholder loans can be broken down as follows.
Name Falling
due within
one year
of which
postponed
loan
Falling
due after
more than
one year
Of which
postponed
loan
ATSL b.v. 4.001.762 4.001.762
ATSL India 3.183.303 3.183.303
TOTAL 7.185.065 7.185.065
Total
Total Of which
postponed
loan
Accounts payable suppliers are recorded net of the trade discounts; the cash discounts are instead shown at the
moment of payment. The nominal value of these debts has been adjusted, when returns or allowances (invoicing
adjustments) have been made, to the extent corresponding to the amount defined with the counterparty.
The item “Tax debts” contains only the liabilities for certain and determinate taxes.
In the item tax debts accounts payable for IRAP tax, amounting to 20,360 EURO, net of the advances paid during
the year for 153,081 are recorded.
The item includes accounts payable to the Treasury for withholding taxes to be paid on:
- employee work: Euro 622,399;
- professional fees: Euro 32,130;
- other autonomous work: Euro 2,643;
- accounts payable to the Treasury for Additionals: Euro 1,531;
- accounts payable to the Treasury for local Additionals: Euro 261;
- tax deductions on branch incomes: Euro 3,087.
There are no significant changes in the consistency of the item “Tax debts”.
The following table shows a break-down of the accounts payable at 31.12.2008 by geographical area.
Accounts payable
by geographical
area
To
suppliers
To
controlled
31/12/2007
To affiliated
undertakings
To controlling
undertakings
Other
accounts
31/12/2008
Italy 5.561.676 964.542 6.526.218
India 545.423 671.137 1.216.560
Turkey 934.945 934.945
Saudi Arabia 609.267 609.267
Algeria 407.117 407.117
Albania 254.233 254.233
Switzerland 170.406 170.406
Ghana 74.019 74.019
Great Britain 30.750 30.750
Benin 25.716 25.716
F
121
Total