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GAMMON INDIA LIMITED

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Description 31/12/2008 31/12/2007 Changes<br />

Other revenues and proceeds 29.072 2.195 26.877<br />

TOTAL 29.729.787 24.159.474 5.570.313<br />

The reason for the changes is explained in the Directors’ report.<br />

Revenue for business category<br />

Sale of goods<br />

Sale of products<br />

Sale of accessories<br />

Category 31/12/2007 31/12/2006 Changes<br />

Supply of services 28,316,282 24,702,864 3,613,418<br />

Receivable rents<br />

Receivable commissions<br />

Others 29,072 29,072<br />

TOTAL 28,345,354 24,702,864 3.642,490<br />

Revenue for geographic area<br />

Area Vendite Prestazioni Totale<br />

Italy 555.469 555.469<br />

Algeria 12.255.341 12.255.341<br />

Albania 2.658.338 2.658.338<br />

Ghana 6.602.080 6.602.080<br />

Sierra Leone 4.167.252 4.167.252<br />

Benin 2.050.602 2.050.602<br />

Great Britain 13.600 13.600<br />

Ireland 13.600 13.600<br />

TOTAL 28.316.282 28.316.282<br />

B) Expenses<br />

Value at 31/12/2008 Value at 31/12/2007 Changes<br />

32.828.785 26.923.446 5.905.339<br />

Description 31/12/2008 31/12/2007 Changes<br />

Raw materials, subsidiary materials, consumables<br />

and goods<br />

16.765.523 12.192.251 4.573.272<br />

Services 7.039.646 5.403.168 1.636.478<br />

Rent/lease 990.288 1.196.248 (205.960)<br />

Salaries and wages 5.605.271 5.905.418 (300.147)<br />

Social security contributions 1.272.629 1.194.936 77.693<br />

Employees’ leaving indemnity<br />

Accruals for pension and similar costs<br />

311.912 303.289 8.623<br />

Other personnel costs 165.737 119.404 46.333<br />

Depreciation of intangible assets 12.076 12.076<br />

Depreciation of tangible assets<br />

Other value adjustments<br />

Write-down of accounts receivable recorded<br />

among current assets<br />

Changes to stock of raw materials<br />

360.313 370.117 (9.804)<br />

Accruals to provisions for liabilities and charges 64.000 64.000<br />

F<br />

123

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