Afcon Book.indd - Afcons Infrastructure Ltd.

AFCONS INFRASTRUCTURE LIMITEDSCHEDULE FORMING PART OF THE PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2010Previous yearRS. IN LACS RS. IN LACS RS. IN LACSSCHEDULE 15COST OF CONSTRUCTIONConstruction Materials Consumed 59,485.28 100,567.58{Net of sales Rs.1662.06 Lacs (Previous year Rs. 4350.42 Lacs)}Sub-Contract and Hire Charges 28,986.81 40,214.07Stores and Spares Consumed 1,721.04 1,902.23{Net of sales Rs. 78.96 Lacs (Previous year Rs. 161.86 Lacs)}Power and Fuel 3,516.71 5,348.55Site Installation expenses 997.85 1,137.18Freight, Packing, Forwarding and Transport expenses 1,050.25 1,450.64TOTAL 95,757.94 150,620.25SCHEDULE 16PAYMENTS TO AND PROVISIONS FOR EMPLOYEESSalaries, Wages, Bonus and Allowances 15,328.90 17,150.92Contribution to Provident and Other Funds 1,065.95 1,334.32Welfare Expenses 1,002.92 1,122.12TOTAL 17,397.77 19,607.36SCHEDULE 17OPERATIONAL AND OTHER EXPENSESElectricity 198.27 190.30Rent 1,039.32 1,283.12Rates and Taxes 1,469.01 1,167.56Insurance 1,330.33 1,329.49Repairs:To Plant and Machinery 116.03 175.36To Building 15.86 48.06To others 638.88 633.60770.77 857.02Travelling and Conveyance expenses 2,298.32 2,951.34Communication Costs 313.74 366.70Legal and Professional Fees 2,344.75 2,740.34Directors Sitting Fees 6.80 7.90Loss on sale / discard of Fixed Assets (net) 210.25 -Share of Loss from a firm in which the company is a partner 0.80 0.58Finance Lease Rentals - 8.74Provision for expected loss - 399.77Loss on Foreclosure of Contract 6,483.00 -Donations 7.92 8.61Bad/Irrecoverable Debtors/ Unbilled Revenue/ Advances written off 315.36 87.42Provision for Doubtful debts and advances 2,027.06 305.62Loss on Exchange (Net) 249.99 765.99Deferred revenue expenditure written off 180.68 180.68Miscellaneous Expenses 1,910.99 2,196.35TOTAL 21,157.36 14,847.53SCHEDULE 18INTEREST AND FINANCIAL CHARGESOn Fixed Loans 5,195.71 5,527.08On Bank Cash Credit, Working Capital Demand Loans, etc. 899.88 1,592.98Bank Charges including Bank Guarantee Commission 855.01 915.17Interest on Advances from Clients 722.26 1,078.53Other Interest 222.37 367.67TOTAL 7,895.23 9,481.4325