Infrastrucure 2007.pmd - Afcons Infrastructure Ltd.

19AFCONS INFRASTRUCTURE LIMITEDSCHEDULE 5FIXED ASSETS(Rupees In Lacs)GROSS BLOCK DEPRECIATION/AMORTISATIONS NET BLOCKParticulars As at Additions Deductions Adjustments As at Upto For the Deductions Adjustments Upto As at As at1.04.2006 31.03.2007 31.03.2006 Year 31.03.2007 31.03.2007 31.03.06TANGIBLE ASSETSa) Owned AssetsLand - Freehold 1.58 - - - 1.58 - - - - - 1.58 1.58Land - Leasehold 16.58 - - - 16.58 2.53 0.16 - - 2.69 13.89 14.05Buildings 1,296.50 - - - 1,296.50 673.37 42.68 - - 716.05 580.45 623.13Workshop and Godown 501.69 - - - 501.69 261.26 16.76 - - 278.02 223.67 240.43Plant and Machinery 19,722.90 9,614.91 51.31 - 29,286.50 10,792.06 1,516.10 49.12 - 12,259.04 17,027.46 8,930.84Leasehold Improvements 279.22 - - - 279.22 279.22 - - - 279.22 - -Floating Equipments etc. 2,105.12 348.58 - - 2,453.70 1,687.69 130.72 - - 1,818.41 635.29 417.43Laboratory Equipments 403.12 37.02 - - 440.14 245.26 14.89 - - 260.15 179.99 157.86Office Equipments 857.64 249.00 - - 1,106.64 407.79 76.77 - - 484.56 622.08 449.85Furniture and Fixtures 270.12 42.37 - - 312.49 180.90 22.46 - - 203.36 109.13 89.22Motor Vehicles 222.84 54.42 - - 277.26 98.78 18.17 - - 116.95 160.31 124.06b) Assets acquired underHire PurchasePlant and Machinery 783.32 - - - 783.32 180.55 54.54 - - 235.09 548.23 602.77Sub Total 26,460.63 10,346.30 51.31 0.00 36,755.62 14,809.41 1,893.25 49.12 0.00 16,653.54 20,102.08 11,651.22INTANGIBLE ASSETSSoftware 28.95 - - - 28.95 1.56 5.79 - - 7.35 21.60 27.39Sub Total 28.95 - - - 28.95 1.56 5.79 - - 7.35 21.60 27.39Total 26,489.58 10,346.30 51.31 0.00 36,784.57 14,810.97 1,899.04 49.12 0.00 16,660.89 20,123.68Previous Year 21,953.70 2,660.53 818.92 2,694.27 26,489.58 11,521.88 1,581.49 764.61 2,472.21 14,810.97 11,678.61Capital Work in Progress(Including advances) 2,400.39 510.61Total 22,524.07 12,189.22NOTES :(1) Gross Block is partly at cost and partly at book value and includes amount added on revaluation on 1st April, 1990. Revalued amounts substituted for Historical Cost of Fixed Assets and methodadopted to compute revalued amounts are as per Note 2 below.(2) (a) Some of the Fixed assets viz., Plant & Machinery, (including certain items fully written off in previous years) Laboratory Equipment, Barges (floating equipments), New & Old Workshopand Office Building as on 1st April, 1990 were revalued on the basis of the valuation made by the external valuers resulting in net increase of Rs.4551.21 lacs being surplus on revaluation.(b) Revalued amounts substituted for Historical Cost as at 1st April, 1990 are as under :i) Plant & Machinery Rs.4261.48 lacs (Gross)ii) Laboratory Equipments Rs. 124.45 lacs (Gross)iii) Workshop & Godown Rs. 466.02 lacs (Gross)iv) Buildings Rs. 1260.00 lacs (Gross)v) Barges (Floating Equipments) Rs. 899.78 lacs (Gross)(3) Depreciation for the year includes depreciation provided on revalued cost of assets.(4) Gross Block as at 31st March, 2007 includes assets of Rs. 45.82 Lacs (previous year Rs.45.82 Lacs) where the title is yet to be transferred in the name of the Company.(5) Additions to Plant & Machinery includes Rs.4.78 lacs (Previous year Rs. Nil ) due to decrease in rupee liability consequent to fluctuations in exchange rates.(6) The Vendors have lien on Assets acquired under Hire Purchase Arrangements.