Annual Report - 2005-06 - GAIL (India)

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Schedule 11 – Expenditure During Construction Period Schedule 12 – Interest and Finance Charges (Rs.in Crores) YEAR ENDED YEAR ENDED 31st March, 2006 31st March, 2005 Employees Remuneration and Benefits Salaries, Wages and Allowances 0.40 0.49 Contribution to Provident and Other Funds 0.04 - Welfare Expenses 0.08 0.52 0.08 0.57 Power, Fuel and Water Charges - 0.02 Stores and Spares consumed 0.08 - Rent 0.01 0.04 (Rs.in Crores) YEAR ENDED YEAR ENDED 31st March, 2006 31st March, 2005 Interest on Term Loans Foreign Currency Loans 0.45 0.73 Other Loans 50.94 51.39 67.54 68.27 Bonds 65.60 65.60 Commitment and other Finance Charges 0.40 0.22 TOTAL 117.39 134.09 Repairs and Maintenance Plant and Machinery - 0.02 Others 0.01 0.01 - 0.02 Insurance - 0.02 Communication Expenses 0.01 0.04 Schedule 13 – Prior Period Adjustments Travelling Expenses 0.09 - Recruitment and Training Expenses 0.01 - Vehicle Hire and Running Expenses - 0.02 Interest and Finance Charges 0.09 - Other Expenses 0.05 0.09 Depreciation - 0.11 0.87 0.93 Less : Interest Income 0.03 - Net Expenditure 0.84 0.93 Less :Transferred to Capital Work-in-progress a) Mfg., Transmission, Admn., Selling & Distribution and Other Expenses 0.78 0.93 b) Interest & finance Charges 0.09 - c) Other Income (0.03) 0.84 - 0.93 Balance Carried over to Balance Sheet NIL NIL (Rs.in Crores) YEAR ENDED YEAR ENDED 31st March, 2006 31st March, 2005 Purchase of Gas 65.45 - Salaries, Wages and Allowances (0.04) (0.12) Power, Fuel and Water Charges 0.35 0.66 Stores and Spares consumed (0.82) 0.03 Rent 2.00 (0.69) Rates and Taxes 0.09 - Depreciation(Net) 0.97 (1.65) Repairs and Maintenance 2.07 0.21 Insurance (0.02) - Recruitment and Training Expenses 0.05 - Vehicle hire and Running Expenses (0.02) - Interest 0.04 - Consultancy Charges (0.24) 0.71 Profit and Loss on sale of Assets 1.03 - Other Expenses 0.11 0.92 TOTAL 71.02 0.07 Less : - Sales (4.04) (0.03) - Interest Income (0.15) (0.14) - Miscellaneous Income 0.04 (4.15) (0.64) (0.81) TOTAL(NET) 75.17 0.88 106 Winning Momentum 107
Cash Flow Statement for the Financial Year ended 31st March, 2006 Cash Flow Statement for the Financial Year ended 31st March, 2006 (Rs. in Crores) 2005-06 2004-05 (Rs. in Crores) 2005-06 2004-05 A. CASH FLOW FROM OPERATING ACTIVITIES 1 NET PROFIT BEFORE TAX AND EXTRAORDINARY ITEMS 3276.62 2871.39 2 ADD : DEPRECIATION 560.46 944.89 CAPITAL RESERVE (0.11) (0.12) EXCHANGE RATE VARIATION (0.60) (0.07) INTEREST EXPENDITURE 117.30 134.09 DIVIDEND INCOME ON INVESTMENTS (174.44) (119.34) INTEREST INCOME (237.69) (146.00) BALANCE BROUGHT FORWARD 3231.07 2830.73 B. CASH FLOW FROM INVESTING ACTIVITIES PURCHASE OF FIXED ASSETS (581.08) (147.15) SALE OF FIXED ASSETS 1.17 0.63 REDEMTION OF BONDS/DEBENTURES 0.15 0.15 INVESTMENT IN OTHER COMPANIES (646.34) (12.11) INTEREST RECEIVED 225.02 122.30 DIVIDEND RECEIVED 174.44 119.34 NET CASH FROM INVESTING ACTIVITIES (826.64) 83.16 PROFIT/LOSS ON SALE OF ASSETS (NET) 2.15 0.52 267.07 813.97 C CASH FLOW FROM FINANCING ACTIVITIES PROCEEDS FROM LONG TERM BORROWINGS - - 3 OPERATING PROFIT BEFORE WORKING CAPITAL CHANGES (1+2) 3543.69 3685.36 4 CHANGES IN WORKING CAPITAL (EXCLUDING CASH & BANK BALANCES) TRADE AND OTHER RECEIVABLES 137.41 (397.78) INVENTORIES (1.75) (6.53) TRADE AND OTHER PAYABLES 459.33 594.99 409.24 4.93 5 CASH GENERATED FROM OPERATIONS (3+4) 4138.68 3690.29 6 DIRECT TAXES PAID (907.61) (859.56) REPAYMENT OF LONG TERM BORROWINGS (78.66) (135.51) INTEREST PAID (119.57) (134.56) DIVIDEND PAID (1157.10) (764.93) NET CASH FROM FINANCING ACTIVITIES (1355.33) (1035.00) NET INCREASE IN CASH AND CASH EQUIVALENTS (A+B+C) 1049.10 1878.89 CASH AND CASH EQUIVALENTS AS AT 01.04.2005 3446.84 1567.95 (OPENING BALANCE) CASH AND CASH EQUIVALENTS AS AT 31.03.2006 4495.94 3446.84 (CLOSING BALANCE) NET CASH FROM OPERATING ACTIVITIES (5+6) 3231.07 2830.73 BALANCE CARRIED FORWARD 3231.07 2830.73 As per our separate report of even dae N.K.Nagpal R.K.Goel S. P. Rao Proshanto Banerjee For M/s S. MANN & COMPANY Secretary Director (Finance) Director(Projects) Chairman & Managing Director Chartered Accountants Subhash Mann Place : New Delhi (Partner) Dated : April 28, 2006 Membership No. 80500 108 Winning Momentum 109
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CONTENTS Chairman’s Message 4 Hig
Page 5 and 6: “ Winning takes talent but it tak
Page 7 and 8: “A Winning Combination” Shri S.
Page 9 and 10: Statutory Auditors M/s S. Mann & Co
Page 11 and 12: LPG MARKETING PIPELINE INTEGRITY MA
Page 13 and 14: GREEN GAS LIMITED (GGL): MAHANAGAR
Page 15 and 16: SAFE PERFORMANCE OF THE COMPANY Dur
Page 17 and 18: • GREENTECH Safety Gold Award for
Page 19 and 20: ANNEXURE TO THE DIRECTORS’ REPORT
Page 21 and 22: HDPE Production (MT) 111305 109158
Page 23 and 24: INDIAN GAS SECTOR - PERSPECTIVE OF
Page 25 and 26: Polyethylene market in India is dom
Page 27 and 28: GAIL has borne a subsidy of Rs.428
Page 29 and 30: LPG TRANSMISSION Your Company owns
Page 31 and 32: The other income represents a very
Page 33 and 34: SUNDRY DEBTORS The debtors (net of
Page 35 and 36: ii. Attendance of each Director at
Page 37 and 38: The payment made to Whole-time Dire
Page 39 and 40: GAIL Stock place at BSE (Rs./Share)
Page 41 and 42: Economic Approach Model The Economi
Page 43 and 44: Five Year Profile (B) GAS THROUGHPU
Page 45 and 46: (b) As per the information given to
Page 47 and 48: Profit & Loss Account for the Year
Page 49 and 50: Schedule 3 - Loan Funds (Rs.in Cror
Page 51 and 52: Schedule 5 - Capital Work-in-Progre
Page 53 and 54: Schedule 7 - Current Assets, Loans
Page 55: Schedule 10 - Manufacturing, Transm
Page 59 and 60: 20. Contingent Liabilities and Capi
Page 61 and 62: and the Income and the expenditure
Page 63 and 64: Sl. Segments Natural LPG No. Gas 1.
Page 65 and 66: Disclosure as required by Clause 32
Page 67 and 68: Schedule of Fixed Assets (Township)
Page 69 and 70: Review of the Accounts of GAIL (Ind
Page 71 and 72: Annual Report for the year ended 31
Page 73 and 74: Nexia Tan & Sitoh Certified Public
Page 75 and 76: Cash Flow Statement for the year en
Page 77 and 78: Quoted shares as at 31st March, 200
Page 79 and 80: Holding Company GAIL (India) Limite
Page 81 and 82: Auditor’s Report To The Board Of
Page 83 and 84: Schedule 1 - Share Capital Schedule
Page 85 and 86: Schedule 5 - Capital Work-in-Progre
Page 87 and 88: Schedule 7 - Current Assets, Loans
Page 89 and 90: (Rs.in Crores) Year Ended Year Ende
Page 91 and 92: III. Investment other than in Subsi
Page 93 and 94: ) During the year, the Company has
Page 95 and 96: Information About Business Segments
Page 97 and 98: Share of GAIL in assets, liabilitie
Page 99: Gas Industry specific terminologies
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Annual Report - 2005-06 - GAIL (India)

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