Schedules to the Accounts (` in Lakhs) For the Year ended March 31, 2011 For the Year ended

March 31, 2010 Schedule 16 SALES AND OPERATING INCOME * Income from Contract Operations 268,935.97 454,163.85 Income from Sale of Electrical Energy 471,049.03 353,722.52 Sale of Emission Reductions (CDM) 2,191.98 1,713.64 Income from Property Development ^ 16,755.52 (2,567.24) Income from Sale of Coal 7,850.37 Income from Sale of Goods 1,298.35 141.79 Income from Management Consultancy Services 561.09 3,581.09 Gain on Foreign Exchange Fluctuations (net) 8,210.65 7,240.06 Other Operating Income 1,520.39 408.79 ^ After reversal on account of cancellation, price revision and discount of ` 2,161.42 (Previous year ` 11,319.94) lakhs * Refer Note 4 (i) of Schedule 21 778,373.35 818,404.50 Schedule 17 OTHER INCOME Interest Received on Deposits and Margin Money (gross) 2,413.15 5,147.70 [Tax deducted at source ` 262.14 (Previous Year - ` 733.51) lakhs] Interest on Others (gross) 3,185.78 1,069.02 [Tax deducted at source ` 207.05 (Previous year - ` 43.07) lakhs] Dividend Income - from Non Trade Current Investments 257.74 337.03 Prot on Sale of Non Trade Current Investments 770.73 372.65 Prot on Sale of Non Trade Long Term Investments 123.03 1,461.79 Insurance Claims Received / Receivable 1,795.75 1,295.56 Liabilities and Provisions no Longer Required Written Back 2,056.27 188.54 Prot on Sale of Fixed Assets 3.71 0.10 Impact of Change in Method of Depreciation 14,148.87 Miscellaneous Income 1,065.38 873.12 25,820.41 10,745.51

Revenue Recognition practices

General Information : Sl. No. 1 2 3 4 5 6 Parameters Nature of Firm Nature of Business Corporate Office Gross Turnover (2010-11) (in cr) Operating Income (2010-11) (in cr) Other Income (2010-11) (in cr) Information related to Revenue Recognition: Sl. No. 1 Parameter Items Under Income

Items under other income

Revenue recognition : Contract Revenue

4 5 6

Revenue recognition : Management Services Revenue recognition : Hire charges Revenue recognition : Interest

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Revenue recognition : Dividends Policy : Policy

Revenue Recognition practices

General Information : Punj Lloyd Ltd Public Limited Company Engineering, procurement and construction (EPC) Gurgaon 6,180.40 5,878.03 302.37

Information related to Revenue Recognition: Sub Head Contract revenue Hire charges Management services Scrap Sale Insurance Claim Unspent liabilities and provisions written back Exchange differences (net) Interest on Bank Deposits Interest on Other Deposits Dividends Others Contract revenue associated with long term construction contracts is recognized as revenue by reference to the stage of completion of the contract at the balance sheet date. The stage of completion of project is determined by the proportion that contracts costs incurred for the work performed up to the balance sheet date bear to the estimated total contract costs. Revenue from Management services is recognized pro-rata over the period of the contract as and when services are rendered Revenue from hire charges is accounted for in accordance with the terms of agreements with the customers. Interest income is recognized on a time proportion basis taking into account the amount outstanding and the applicable interest rate.

Dividend income is recognized when the Companys right to receive dividend is established by the reporting date. Export Benefit under the Duty Free Credit Entitlements is recognized in the statement of profit and loss, when right to receive license as per terms of the scheme is established in respect of exports made and there is no significant uncertainty regarding the ultimate collection of the export proceeds.