GAMMON INDIA LIMITED

Descrizione Valore Imposte
Deductions art. 11, par. 1, lett. a) (854.000)
Share of foreign income (208.254)
Taxable Irap 4.065.655
Current IRAP for the year 173.441
Pursuant to article 2427, first paragraph, No. 14, of the Italian Civil Code, the required information on the deferred
tax assets and liabilities is shown.
Deferred tax assets and liabilities
The prepaid taxes have been shown as there is the reasonable certainty of the existence, in the years in which the
deductible temporary differences will be re-transferred, in front of which the prepaid taxes have been recorded, of a
taxable income not lower than the amount of the differences that will be cancelled.
The main timing differences that have given rise to deferred tax assets and liabilities and their effects are shown in
the following table.
Recording of deferred tax assets and liabilities and relevant effects:
Deferred Tax assets:
Write-down due to impairment of
tangible assets
Write-down due to impairment of
intangible assets
Provisions for liabilities and
charges
Fiscal year 31/12/2007 Fiscal year 31/12/2008
Amount of Tax effect Amount of Tax effect
timing
timing
differences
differences
625.682 192.291 43.000 11.825
Representation expenses 5.703 1.791 8.846 2.778
Total deferred tax assets 631.385 194.082 51.846 14.603
Deferred tax liabilities
Accelerated depreciation
Excess depreciation
Write-down of accounts
receivable
Total deferred tax liabilities
Net deferred tax liabilities
(assets)
Deferred tax assets relating to tax
losses for the year
Deferred tax assets relating to tax
losses for the prior year
Timing differences excluded from
the determination of deferred tax
assets and liabilities:
Tax losses available for carryover
631.385 194.082 51.846 14.603
2.366.114 650.681 2.349.510 646.115
8.444.255 2.322.170 6.094.744 1.676.055
Net 11.425.324 3.166.934 8.496.100 2.336.773
Prepaid taxes for 2,972,851 EURO deriving from tax losses of the year and of prior years of 10,810,369 EURO, as
the conditions required by the accounting principles for the accounting of the future tax benefit exist, in particular
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