Gammon India Annual Reports, Balance Sheet & Financials

Particulars

2022

2021

NON-CURRENT ASSETS

Property, plant and equipment

412.11

418.07

Capital work-in-progress

-

-

Financial assets

(i) Investments

121.67

121.67

(ii)  Trade receivable

204.93

283.37

(iii) Loans

657.51

724.77

(iv) Others

107.02

93.44

Deferred tax assets (net)

-

-

Other non-current assets

1,199.34

1,387.00

TOTAL NON-CURRENT ASSETS

2,702.58

3,028.32

CURRENT ASSETS

Inventories

32.71

33.13

Financial assets

(i) Investments

0.03

0.05

(ii)  Trade receivables

31.16

26.23

(iii) Cash and cash equivalents

0.01

0.02

(iv) Bank balances

10.26

7.76

(v)  Loans

0.27

3.07

(vi) Others

29.85

28.96

Current tax assets (net)

-

-

Other current assets

95.5

104.74

TOTAL CURRENT ASSETS

199.79

203.96

TOTAL ASSETS

2,902.37

3,232.28

EQUITY AND LIABILITIES

EQUITY

Equity share capital

74.11

74.11

Other equity

-6,067.21

-4,981.48

TOTAL EQUITY

-5,993.10

-4,907.37

LIABILITIES

NON-CURRENT LIABILITIES

Financial liabilities

(i) Borrowings

-

-

(ii)  Trade payables

- Total outstanding dues to Micro and Small Enterprises

-

-

- Total outstanding dues to other than Micro and Small Enterprises

11.96

12.74

(iii) Other financial liabilities

12

12

Provisions

0.6

0.53

Deferred tax liabilities (net)

104.34

103.14

Other non-current liabilities

68.66

70.63

TOTAL NON-CURRENT LIABILITIES

197.56

199.04

Financial liabilities

(i) Borrowings

-

-

(ii)  Trade payables

- Total outstanding dues to Micro and Small Enterprises

0.34

0.24

- Total outstanding dues to other than Micro and Small Enterprises

97.15

105.05

(iii) Other financial liabilities

8,114.47

7,334.79

Other current liabilities

36.14

62.26

Provisions

449.81

438.27

Current tax liabilities (net)

-

-

TOTAL CURRENT LIABILITIES

8,697.91

7,940.61

TOTAL EQUITY AND LIABILITIES

2,902.37

3,232.28

Particulars

2022

2021

Revenue from Operations

27.66

52.84

Other Income

25.27

33.38

Total Income

52.93

86.22

Expenses:

Cost of material consumed

12.11

13.98

Subcontracting Expenses

14.29

32.1

Employee benefits expense

8.09

7.44

Finance Costs

721.9

605.96

Depreciation & amortization

3.61

9.01

Other expenses

246.72

41.34

Total Expenses

1,006.72

709.83

Profit/(Loss) before exceptional items and tax

-953.79

-623.61

Exceptional items Income / (Expense)

-130.76

-95.56

Profit / (Loss) before tax

-1,084.55

-719.17

Tax expenses

Current Tax

-

-

Excess / Short Provision of Earlier years

-

-2.27

Deferred Tax Liability / (asset)

1.2

-0.05

Total tax expenses

1.2

-2.32

Profit / (Loss) for the year

-1,085.75

-716.85

Other Comprehensive Income:

Items that will not be reclassified to profit or loss

Re-measurement of net defined benefit plans

0.02

0.1

Net gain/ loss on equity instrument through OCI

-

-

0.02

0.1

Total Comprehensive Income / (Loss) for the period

-1,085.73

-716.75

Earnings per equity share of the face value of ` 2 each

Basic

-29.44

-19.43

Diluted

-29.44

-19.43

Particulars

2022

2021

CASH FLOW FROM OPERATING ACTIVITIES

Net Profit Before Tax and Extraordinary Items

-1,084.55

-719.17

Adjustments for :

Depreciation

3.61

9.01

(Profit) / Loss on Sale of Assets

0.17

-1.68

Net (Profit)/loss on financial asset through FVTPL

0.02

-

(Profit) / Loss on Sale of Investments

-

4.98

Interest Expenses

721.9

605.96

Provision for Doubtful Debts and Advances

2.02

6.04

Foreign Exchange Loss / (Gain)

2.72

1.57

Interest Income

-11.45

-11.54

Exceptional Items

130.76

95.56

Loss on recognition of Award

225.79

-

Assets w/off

-

1.37

Write off of Contract Assets

-

7.26

Sundry Balances Written off

2.23

3.54

Sundry Balances Written Back

-6.68

-7.92

Operating Profit Before Working Capital Changes

-13.46

-5.02

Adjustment for changes in Working Capital :

Trade and Other Financial Receivables

2.38

26.55

Inventories

0.42

5.79

Trade Payables and Provision

-1.74

-7.66

Other Financials and Non Financial Assets

11.44

1.03

Other financial liabilities

0.95

-12.47

Other non-financial liabilities

1.47

-9.13

CASH GENERATED FROM THE OPERATIONS

1.46

-0.91

Direct Taxes Paid / (Refund)

1.16

-0.1

Net Cash from Operating Activities

0.3

-0.8

CASH FLOW FROM INVESTING ACTIVITIES

Proceeds from Sales PPE and CWIP

2.17

4.46

Sale of Investments

-

0.05

Loan given to Subsidiary and others

-

1.81

Other Bank Balance

-2.5

-

Interest received

0.02

0.41

Net Cash from Investing Activities

-0.31

6.72

CASH FLOW FROM FINANCING ACTIVITIES

Interest paid

-

-2.09

Net proceeds from Short term Borrowings

-

-

Net Cash from Financing Activities

-

-2.09

NET INCREASE IN CASH AND CASH EQUIVALENTS

-0.01

3.83

Opening Balance

0.02

3.37

Closing Balance

0.01

7.2

NET INCREASE IN CASH AND CASH EQUIVALENTS

-0.01

3.83

Components of Cash and Cash Equivalents

Cash on Hand

0.01

0.04

Balances with Bank

-

7.18

0.01

7.22