2009-10 Annual Report - SPML

SPML INFRA LIMITEDSPML INFRA LIMITED (formerly Subhash Projects and Marketing Limited)SCHEDULES FORMING PART OF THE BALANCE SHEET AND PROFIT & LOSS ACCOUNT18. (a) Imported and indigenous raw materials and components consumedPercentage oftotal consumption2009-10 2008-09Value(Rs. In ‘000)Percentage oftotal consumptionValue(Rs. in ’000)Imported 0.20% 8,471 1.60% 114,661Indigenous 99.80% 4,320,821 98.40% 7,060,539Total 100.00% 4,329,292 100.00% 71,75,200(b) Imported and indigenous stores and spares consumed19. Trading GoodsSteel productsPercentage oftotal consumption2009-10 2008-09Value(Rs. In ‘000)Percentage oftotal consumption2009-10 2008-09Value(Rs. in ’000)Imported 0.00% – 0.00% –Indigenous 100.00% 13,797 100.00% 22,718Total 100.00% 13,797 100.00% 22,718Quantity (MT) Value (Rs. In ‘000) Quantity (MT) Value (Rs. in ’000)Opening Stock – – – –Purchases 20,354 5,42,919 752 33,257Sales 20,354 5,46,728 752 33,257Closing stock – – – –20. Construction contracts disclosureInformation relating to Construction contracts as per Accounting Standard 7 (Revised) notified by the Companies Accounting Standards Rules, 2006(as amended) are given below:2009-10 2008-09(Rs. in ’000)Contract income recognized as revenue during the year 13,241,147 12,314,275Aggregate amount of costs incurred and recognized profits (less recognized losses) till date 46,257,074 33,267,605Advances received (unadjusted) 1,783,445 2,074,068Retention amount 1,569,952 1,940,882Gross amount due from customers for contract work 4,804,978 4,191,541Gross amount due to customers for contract work 373,601 292,29221. The Company is in the process of obtaining confirmations with respect to debtors, creditors, loans and advances. Adjustments, if any, arising out ofsuch confirmations will be considered in subsequent period.22. The Company had entered into an agreement in the past to sell 15nos. of Windmills and an advance of Rs.99000 thousands was received thereagainst. Since the above assets are hypothecated with a nationalised bank against loans obtained from them, the Company could not transfer theseassets to the buyer. Accordingly, no adjustment has been made in the accounts for the above sale of assets and the same would be carried out indue course. The income and expenses in relation to these assets continue to be accounted for in the Company’s Books.60