Afcon Book.indd - Afcons Infrastructure Ltd.

CONSOLIDATED FINANCIAL STATEMENT OF AFCONS INFRASTRUCTURE LIMITED AND ITS SUBSIDIARIES, ASSOCIATED AND JOINT VENTURES (AFCONS GROUP)Schedule to Consolidated Balance Sheet as at 31st March, 2010Schedule 5Fixed Assets Rupees in LacsParticulars As at01.04.2009G R O S S B L O C K D E P R E C I A T I O N / A M O R T I S A T I O N S NET BLOCKAdditions Adjustments(refer note 6)Deductions As at31.03.2010Upto01.04.2009For theYearAdjustments(refer note 6)Deductions Upto31.03.2010As at31.03.2010As at31.03.2009TANGIBLE ASSETSLand - Freehold 1.58 - - - 1.58 - - - - - 1.58 1.58Land - Leasehold 16.58 - - - 16.58 0.16 0.16 - - 0.32 16.26 16.42Buildings 1,853.54 - - - 1,853.54 1,106.10 61.74 - - 1,167.84 685.70 747.44Plant and Machinery 51,718.23 2,281.71 88.54 2,210.83 51,877.65 17,062.29 2,901.50 3.51 1,848.57 18,111.71 33,765.94 34,655.94Leasehold Improvements 279.22 - - - 279.22 279.22 - - - 279.22 - -Floating Equipments etc. 3,582.50 308.65 - 132.55 3,758.60 1,887.24 258.12 - 116.30 2,029.06 1,729.54 1,695.26Laboratory Equipments 136.46 8.36 - - 144.82 57.03 10.00 - - 67.03 77.79 79.43Office Equipments 1,326.71 291.53 - 22.62 1,595.62 386.16 129.04 - 12.55 502.65 1,092.97 940.55Furniture and Fixtures 354.72 73.64 - 13.74 414.62 87.55 66.79 - 3.46 150.88 263.74 267.17Motor Vehicles 261.79 31.04 - 8.13 284.70 62.05 24.58 - 1.22 85.41 199.29 199.74Sub Total 59,531.33 2,994.93 88.54 2,387.87 60,226.93 20,927.80 3,451.93 3.51 1,982.10 22,394.12 37,832.81 38,603.53INTANGIBLE ASSETSSoftware - Acquired 31.96 140.25 - - 172.21 20.02 20.50 - - 40.52 131.69 11.94Goodwill 20.00 - - - 20.00 - - - - - 20.00 20.00Sub Total 51.96 140.25 - - 192.21 20.02 20.50 - - 40.52 151.69 31.94Total 59,583.29 3,135.18 88.54 2,387.87 60,419.14 20,947.82 3,472.43 3.51 1,982.10 22,434.64 37,984.50Previous Year 48,862.10 11,672.69 - 951.50 59,583.29 18,678.91 3,075.36 - 806.45 20,947.82 38,635.47Capital Work in Progress1,683.82 1,978.28(Including advances)Total 39,668.32 40,613.75(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 Workshop andOffice Buiilding 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 period includes depreciation provided on revalued cost of assets.(4) Gross Block as at 31st March, 2010 includes assets of Rs. NIL (previous year Rs.45.82 Lacs) where the title is yet to be transferred in the name of the Company.(5) The Vendors have lien on Assets acquired under Hire Purchase Arrangements.(6) The adjustments is towards excise duty capitalised during the year ended March 31, 2009, against which cenvat credit was availed in the current year, now reversed.105