Annual Report - 2005-06 - GAIL (India)

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Schedule 8 – Current Liabilities and Provisions (Rs.in Crores) Schedule 10 – Manufacturing, Transmission, Administration, Selling & Distribution and Other Expenses A. CURRENT LIABILITIES AS AT AS AT 31st March, 2006 31st March, 2005 (Rs.in Crores) Year Ended Year Ended 31st March, 2006 31st March, 2005 Sundry Creditors 1,562.14 1,430.09 Deposits/Retention Money from Contractors and Others 123.94 136.40 Other Liabilities 764.72 464.88 Due to Promoter Companies 0.34 0.25 Other Liabilities - Gas Pool Money 726.67 723.18 Unclaimed Dividend 1.96 1.28 Interest accrued but not due on loans 29.06 31.18 Trade and Security Deposits 16.03 9.94 B. PROVISIONS Provision for taxation 5,353.84 4,475.04 Less: Advance Tax 5,515.92 4,509.68 Add: Adjustment of Refunds 513.90 433.15 3,224.86 2,797.20 351.82 398.51 Provision for Proposed Dividend 169.13 338.26 Provision for Corporate Dividend Tax 25.59 49.88 Provision for Gratuity 0.07 0.19 Provision for Wealth Tax 0.01 0.01 Provision for Leave Encashment and Post Retirement Medical Benefits 40.65 587.27 32.51 819.36 Raw Material consumed 1,882.52 1,111.16 Employees Remuneration and Benefits Salaries, Wages and Allowances 158.71 147.66 Contribution to Provident and Other Funds 19.34 21.10 Welfare Expenses 52.61 44.84 Secondment charges 0.62 0.67 231.28 214.27 Power, Fuel and Water Charges 541.74 414.81 Stores and Spares consumed 167.60 149.57 Rent 20.57 16.20 Rates and Taxes 3.88 4.00 Licence Fees - Telecom 1.15 1.56 Bandwidth Consumption 0.19 1.03 Repairs and Maintenance Plant and Machinery 111.86 124.56 Buildings 20.11 12.46 Others 12.14 144.11 12.81 149.83 Insurance 29.90 25.08 Communication Expenses 7.95 8.06 Printing and Stationery 3.33 3.64 Travelling Expenses 34.37 31.32 Books and Periodicals 0.52 0.60 Advertisement and Publicity 30.62 24.42 Carried Forward 3,099.73 2,155.55 TOTAL 3,812.13 3,616.56 Schedule 9 – Other Income (Rs.in Crores) Year Ended Year Ended 31st March, 2006 31st March, 2005 Dividend 180.34 122.15 Interest on : - Bonds/Debentures 0.89 0.45 - Deposits with Banks 223.55 102.23 - Others 12.38 43.80 236.82 146.48 Surplus on Disposal of Investments 0.60 0.33 Export Incentives 3.34 3.92 Liabilities/Provisions no longer required written back 0.11 1.12 Miscellaneous Income 41.81 81.52 TOTAL 463.02 355.52 170 Winning Momentum 171
(Rs.in Crores) Year Ended Year Ended 31st March, 2006 31st March, 2005 Schedule 11 – Incidental Expenditure During Construction (Rs.in Crores) Brought Forward 3,099.73 2,155.55 Payment to Auditors Audit Fees 0.18 0.17 Management Services 0.04 0.04 Out of Pocket Expenses 0.08 0.30 0.04 0.25 Entertainment Expenses 1.18 0.22 Recruitment and Training Expenses 9.46 10.28 Vehicle Hire and Running Expenses 14.24 15.42 Equipment Hire charges 0.67 1.09 CNG Transportation 0.79 0.89 CNG Dispensing Charges 1.14 1.00 Operating Expenses at CNG Stations 2.44 2.08 Lease Charges 2.05 2.37 Survey Expenses 65.20 26.88 Consultancy Charges 19.37 15.53 Legal and Professional charges 2.09 3.25 Data Processing Expenses 1.20 2.86 Donation 0.85 5.25 Research and Development Expenses 0.27 0.40 Directors fees 0.01 - Loss on sale / written off of assets(net) 3.99 2.13 Bad Debts/Claims/Advances/Inventories written off 0.37 1.26 Dry Well Expenses written off 30.46 11.98 Provision for Doubtful Debts, Advances, Claims and Deposits 1.86 3.15 Excise Duty on Stock (Net) 0.04 (10.21) Expenses on Enabling Facilities 2.48 3.04 Selling & Distribution Expenses 6.15 9.59 Discount on Sales 8.67 9.46 Commission on Sales 11.36 11.59 Dealers’ Commission 0.78 0.58 Security Expenses 28.27 25.60 Expenses during construction period written off - 0.14 Vessel hire charges - 1.44 Other Miscellaneous Expenses 55.36 70.88 Employees Remuneration and Benefits Year Ended Year Ended 31st March, 2006 31st March, 2005 Salaries, Wages and Allowances 0.50 0.49 Contribution to Provident and Other Funds 0.04 - Welfare Expenses 0.08 0.62 0.08 0.57 Power, Fuel and Water Charges 0.09 0.02 Rent 0.02 0.04 Repairs and Maintenance Plant and Machinery - 0.02 Others 0.01 0.01 - 0.02 Insurance - 0.02 Communication Expenses 0.01 0.04 Vehicle Hire and Running Expenses - 0.02 Consultancy Charges - 0.09 Other Expenses 0.49 0.11 1.24 0.93 Less : - Interest Income 0.03 - Net Expenditure 1.21 0.93 Less :Transferred to Capital Work-in-progress 0.37 0.93 Mfg., Transmission, Admn., Selling & Distribution and Other Expenses 0.78 - Interest & finance Charges 0.09 - Other Income (0.03) 1.21 - 0.93 Balance Carried over to Balance Sheet - - Less: Transfer to Capital Work in Progress Employees Remuneration and Benefits 1.84 2.29 Operating and Other Expenses 0.31 1.93 TOTAL 3,368.63 2,379.73 172 Winning Momentum 173
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CONTENTS Chairman’s Message 4 Hig
Page 5 and 6:
“ Winning takes talent but it tak
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“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
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GREEN GAS LIMITED (GGL): MAHANAGAR
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SAFE PERFORMANCE OF THE COMPANY Dur
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• GREENTECH Safety Gold Award for
Page 19 and 20:
ANNEXURE TO THE DIRECTORS’ REPORT
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HDPE Production (MT) 111305 109158
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INDIAN GAS SECTOR - PERSPECTIVE OF
Page 25 and 26:
Polyethylene market in India is dom
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GAIL has borne a subsidy of Rs.428
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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
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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 and 56: Schedule 10 - Manufacturing, Transm
Page 57 and 58: Cash Flow Statement for the Financi
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: Schedule 7 - Current Assets, Loans
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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