Afcon Book.indd - Afcons Infrastructure Ltd.

CONSOLIDATED FINANCIAL STATEMENT OF AFCONS INFRASTRUCTURE LIMITED AND ITS SUBSIDIARIES,ASSOCIATED AND JOINT VENTURES (AFCONS GROUP)Schedules to Consolidated Balance Sheet As At 31st March, 2010As at 31stMarch 2009Rupees in Lacs Rupees in Lacs Rupees in LacsSCHEDULE 9CASH AND BANK BALANCES(a) Cash on hand 50.61 63.80(b) Bank Balances :With Scheduled Banks(i) In Current Accounts 10,640.18 8,630.25(ii) In Deposit Accounts 6,862.08 167.01(iii) In B.G. Margin Accounts 130.56 277.3917,632.82 9,074.65[Including Rs.335.11 Lacs (Previous Year Rs.21.92 Lacs), including interest accruedRs.11.50 Lacs (Previous year Rs.0.81 Lacs) over which Banks and Clients have lien]With Others (Refer Note below)In Current Account with Foreign Banks 289.38 92.52Less : Provision (17.51) (17.51)271.87 75.01TOTAL 17,955.30 9,213.46Note:Out of the above, bank balances of Rs. 17.51 lacs are subject to exchange control restrictions for repatriation.SCHEDULE 10LOANS AND ADVANCES(Unsecured, considered good)To a Joint Venture in which the Company is a Venturer 76.35 71.40Deposit with a company 11.15 10.29{including interest accrued Rs.1.15 Lacs (Previous year Rs.0.29 Lacs )}Advances recoverable in cash or in kind or for value to be received 11,970.75 8,028.72Interest accrued on deposits / investments 52.21 1.81Advance Tax (net of provision) 1,131.10 1,179.28MAT Credit Entitlement 762.23 758.04Other Deposits 14.01 3.8514,017.81 10,053.39Less: Provision for doubtful advances 141.73 31.39TOTAL 13,876.08 10,022.00Note :Advances include :Considered good 13,876.08 10,022.00Considered doubtful 141.73 31.3914,017.81 10,053.39SCHEDULE 11LIABILITIES :Sundry Creditors(i) Total outstanding dues to micro, small and medium enterprises 72.26 117.09(ii) Total outstanding dues to creditors other than micro, small and medium enterprises 48,608.99 41,874.0048,681.25 41,991.09Advances from Clients 18,957.15 5,285.20Temporary Book Overdraft 9.47 -Interest accrued but not due on Loans 508.05 115.82Unclaimed matured fixed deposits * 6.49 8.19Other Liabilities 4,440.22 4,080.05* There are no amounts, due and outstanding, to be credited toInvestor Education and Protection FundTOTAL 72,602.63 51,480.35SCHEDULE 12PROVISIONSProvision for Tax (Net of Advance Tax) 292.40 489.10Provision for Compensated Absences 354.25 349.90Provision for Gratuity 249.33 221.21Provision for Estimated losses 415.64 491.03Proposed Dividend 4.09 4.09TOTAL 1,315.71 1,555.33SCHEDULE 13INCOME FROM OPERATIONS :Contract Revenue (Gross) 230,279.99 216,597.98Less : Value Added Tax 3,171.80 3,840.95227,108.19 212,757.03Sale of Services 209.74 140.72Sale of Goods 18.31 44.26Survey WIP (17.45) 17.45Sale of Scrap 903.96 988.90TOTAL 228,222.75 213,948.36107