Infrastrucure 2007.pmd - Afcons Infrastructure Ltd.

AFCONS INFRASTRUCTURE LIMITEDSCHEDULES FORMING PART OF THE PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2007(Rupees in Lacs)Previous YearRUPEES RUPEES RUPEESSCHEDULE 15OTHER INCOME :Interest Income:On Arbitration awards (Refer Note 27 of Schedule 20) 953.47 1,916.33On Other Investments (Long Term Investments) 28.13 27.36On Deposit with Banks 10.14 4.88{Tax deducted at source Rs. 0.97 Lacs (Previous year Rs.0.16 Lacs)}On Income Tax Refund 118.33 139.42On Others 6.56 62.971,116.63 2,150.96Dividend IncomeOn Long Term Investments - Others 1.35 1.81Service Charges 0.90 1.80Excess provision for expenses in respect of earlier years written back 372.27 194.74Profit on Sale of Fixed Assets (Net) 12.50 15.08Profit on Sale of Current Investments (Non trade) 4.62 8.76Profit on Sale of Long term Investments (Non trade) - 75.79Amount received on transfer of tenancy rights 600.00 600.00Insurance Claim 323.34 188.40Gain on Exchange (net) 133.39 48.86Miscellaneous Income 795.16 430.92{Tax deducted at source Rs.3.31 Lacs (Previous year Rs.0.38 Lacs)}TOTAL 3,360.16 3,725.12SCHEDULE 16COST OF CONSTRUCTIONConstruction Materials Consumed 50,475.94 22,783.40{Net of sales Rs.1,181.01 Lacs (previous year Rs.364.00 Lacs)}Sub-Contract and Hire Charges 20,035.03 16,612.89Stores and Spares Consumed 965.70 874.86{Net of sales Rs.1.71 Lacs (previous year Rs.40.49 Lacs)}Power and Fuel 5,166.31 3,692.09Site Installation expenses 1,524.96 722.10Freight, Packing, Forwarding and Transport expenses 991.49 457.83TOTAL 79,159.43 45,143.17SCHEDULE 17PAYMENTS TO AND PROVISIONS FOR EMPLOYEESSalaries, Wages, Bonus and Allowances 6,778.54 4,840.44Contribution to Provident and Other Funds 515.91 843.70Welfare Expenses 541.49 423.08TOTAL 7,835.94 6,107.22SCHEDULE 18OPERATIONAL AND OTHER EXPENSESElectricity 94.42 74.95Rent 679.36 451.51Rates and Taxes 3,184.46 1,869.37Insurance 950.01 724.50Repairs:To Plant and Machinery 239.88 154.45To Building 26.98 31.09To others 403.42 266.55670.28 452.09Travelling and Conveyance expenses 1,470.72 1,050.06Communication Costs 222.24 159.21Legal and Professional Fees 1,850.13 2,074.68Directors' Fees 3.15 4.95Loss in a firm in which the company is a partner 13.01 18.28Provision for projected Loss - 277.44Donations 16.68 2.82Bad/Irrecoverable Debtors/ Unbilled Revenue/ Advances written off 406.70 1,653.05Brokerage - 10.42Deferred revenue expenditure written off 118.66 118.65Miscellaneous Expenses 1,019.14 1,115.53TOTAL 10,698.96 10,057.51SCHEDULE 19INTEREST AND FINANCIAL CHARGESOn Fixed Loans 3,292.33 2,204.73On Fixed Deposits 21.96 74.28On Bank Cash Credit, Working Capital Demand Loans, etc. 667.95 416.60On Income tax 12.28 151.44Bank Charges including Bank Guarantee Commission 782.92 627.16Other Interest 417.78 339.08TOTAL 5,195.22 3,813.2923