Annual Report - 2005-06 - GAIL (India)

Schedule 8 – Current Liabilities and Provisions
Schedule 9 – Other Income
(Rs.in Crores)
AS AT
AS AT
31st March, 2006 31st March, 2005
(Rs.in Crores)
YEAR ENDED
YEAR ENDED
31st March, 2006 31st March, 2005
A. CURRENT LIABILITIES
Sundry Creditors 1,520.24 1,360.26
(Includes due to Small Scale Undertakings
: Rs.0.15 ( Previous Year : Rs.0.15) )
Deposits/Retention Money from 123.91 136.40
Contractors and others
Other Liabilities 762.93 463.83
Other Liabilities - Gas Pool Money 726.67 723.18
Unclaimed Dividend 1.96 1.28
(Amount due for credit to Investor Education Fund is
Rs.Nil ( Previous Year : Nil)
Interest accrued but not due on loans 28.91 3,164.62 31.18 2,716.13
B. PROVISIONS
Provision for taxation / FBT 5,316.15 4,394.08
Less: Advance Tax 5,475.66 4,487.32
Dividend 174.44 119.34
Interest on :
- Bonds/Debentures 0.89 0.45
- Deposits with Banks 221.00 100.50
- Others 15.83 45.05
237.72 146.00
(Tax deducted at source :Rs.45.97 ( Previous Year : Rs.16.16))
Add : Transferred to Expenditure during
construction period (Schedule 11) (0.03) 237.69 - 146.00
Export Incentives 3.34 3.92
Miscellaneous Income 40.07 79.79
(Tax deducted at source : Rs.0.02 ( Previous Year : Rs.0.01))
TOTAL 455.54 349.05
Less: Adjustment of Refunds 513.90 4,961.76 354.39 433.16 4,054.16 339.92
Provision for Proposed Dividend 169.13 338.26
Provision for Corporate Dividend Tax 23.72 47.44
Provision for Leave Encashment and 40.37 32.40
Post Retirement Medical Benefits 587.61 758.02
TOTAL 3,752.23 3,474.15
102 Winning Momentum 103