Afcon Book.indd - Afcons Infrastructure Ltd.

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AFCONS INFRASTRUCTURE LIMITED15. Segment information:a. Segment information for Primary reporting (by business segment)The Company has only one reportable business segment of construction business, hence information for primary business segment isnot given.b. Segment information for Secondary segment reporting (by geographical segment)The Company has two reportable geographical segments based on location of customers.i) Revenue from customers within India- Local projectsii) Revenue from customers outside India- Foreign projectsSecondary: Geographical (Location of customers)(Rupees in Lacs)Local projects Foreign projects TotalA. Income from Operations 109,976.88 36,683.21 146,660.09(182,433.21) (18,632.08) (201,065.29)B. Carrying amount of assets (Excluding Taxes on Income and Investment) 135,672.69 15,425.08 151,097.77(159,375.68) (12,745.64) (172,121.32)C. Addition to fixed assets 2,120.70 184.43 2,305.13(11,351.40) (278.10) (11,629.50)Figures in parenthesis are those of previous year.16. Related Party Disclosures(a) Related Party where Control existsHolding Company(s)Shapoorji Pallonji & Company Limited (Ultimate Holding Company)Subsidiaries of the CompanyHazarat & Company Private LimitedSSS Electricals (India) Private LimitedAfcons Offshore and Marine Services Private LimitedAfcons Construction Mideast LLCAfcons Infrastructure International Limited (AIIL)Afcons Madagascar Overseas SARL (wholly owned Subsidiary of AIIL)Afcons Gulf International Projects Services FZE (wholly owned Subsidiary of AIIL)Afcons Gunanusa Joint Venture (w.e.f. 16th September, 2008) (also a Jointly Controlled Entity)Transtonnelstroy Afcons Joint Venture (w.e.f. 12th March 2010) (also a Jointly Controlled Entity)Fellow Subsidiary(s)Sterling Investments Corporation Private LimitedFloreat Investments LimitedCyrus Investments LimitedAssociate of the CompanyAfcons (Mideast) Constructions and Investments Private LimitedPartnership firm in which the Company is a partnerAfcons Pauling Joint VentureJointly Controlled EntityAfcons SMCC Joint VentureStrabag AG Afcons Joint Venture (w.e.f. 8th July 2009)Saipem Afcons Joint Venture (w.e.f. 25th June 2009)Key Management PersonnelMr. C.P. Mistry – ChairmanMr. K. Subrahmanian – Managing DirectorMr. S. Paramasivan – Executive Director (Finance & Commercial)Mr. A. N. Jangle – Executive Director (Business Development) upto 30th September, 2009.32
AFCONS INFRASTRUCTURE LIMITEDDetails of transaction with related parties for the period 01/04/2009 to 31/03/2010 (Rs. in Lacs)TotalKey ManagementPersonnelJointlyControlledEntityAssociateCompanyJoint Venture(s)Partnership Firm inwhich Company is apartnerFellow subsidiary(s)SubsidiaryCompaniesHoldingCompany(s)Nature of TransactionPY-0809CYPY-0809CYPY-0809CYPY-0809CYPY-0809CYPY-0809CYPY-0809CYPY-0809CYPY-0809CYManagerial Remuneration paidK.Subrahmanian 84.32 76.22 84.32 76.22S.Paramasivan 63.38 56.97 63.38 56.97A.N.Jangle 40.45 56.13 40.45 56.13Sitting Fees paidC.P.Mistry 0.80 0.90 0.80 0.90Dividend on Preference SharesFloreat Investments Limited 1.00 1.00 1.00 1.00Finance Lease ChargesAfcons (Mideast) Constructions and InvestmentsPrivate Limited- 0.74 - 0.74Service ChargesSSS Electricals (India) Private Limited 0.60 0.60 0.60 0.60Saipem -Afcons Joint Venture 244.93 - 244.93 -Afcons Infrastructure International Limited. 55.89 - 55.89 -Interest Income - Current AccountSSS Electricals (India) Private Limited - 0.61 - 0.61Afcons Construction Mideast, LLC 117.42 216.19 117.42 216.19Afcons Infrastructure International Limited. 4.98 6.19 4.98 6.19Rent & Other IncomeAfcons Gunanusa Joint Venture 95.63 - 95.63 -Loan / Advance Given / (Refund)Afcons Infrastructure International Limited. (145.59) 140.64 (145.59) 140.64Transtonnelstroy - Afcons Joint Venture 9,167.04 - 9,167.04 -Afcons Gunanusa Joint Venture 1,455.61 268.86 1455.61 268.86Strabag-AG Afcons Joint Venture 97.87 29.37 97.87 29.37Reimbursement of Expenses incurred by AfconsSSS Electricals (India) Private Limited (3.94) (29.89) (3.94) (29.89)Hazarat & Company Private Limited (0.33) - (0.33) -Afcons Offshore & Marine Services PrivateLimited(0.06) - (0.06) -Afcons Construction Mideast, LLC (3,873.10) - (3,873.10) -Afcons (Mideast) Constructions and InvestmentsPrivate Limited(0.41) - (0.41) -Afcons Gunanusa Joint Venture (4,447.38) - (4,447.38) -Subcontract IncomeAfcons Construction Mideast, LLC 8,427.56 4,789.09 8,427.56 4,789.09Subcontract ExpensesSSS Electricals (India) Private Limited 12.18 3.74 12.18 3.74Utilisation of Duty Credit scripShapoorji Pallonji & Company Limited 55.95 386.70 55.95 386.7033
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AFCONS INFRASTRUCTURE INTERNATIONAL
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AFCONS MADAGASCAR OVERSEAS S.A.R.LD
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AFCONS MADAGASCAR OVERSEAS S.A.R.LB
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AFCONS GULF INTERNATIONAL PROJECTS
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AFCONS GULF INTERNATIONAL PROJECTS
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CONSOLIDATED FINANCIAL STATEMENT OF
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