Financial information presented in substantial compliance with IFRS (International Financial Reporting Standards) – United Kingdom

Consolidated Balance Sheets (unaudited) as of March 31,

United Kingdom Pound Sterling (GBP) in million except share data
  2010 2009
ASSETS    
Current assets    
Cash and cash equivalents 1,783 1,516
Available-for-sale financial assets 376
Investments in certificates of deposit 175
Trade receivables 514 507
Unbilled revenue 124 104
Derivative financial instruments 14
Prepayments and other assets 93 57
Total current assets 3,079 2,184
Non-current assets    
Property, plant and equipment 653 644
Goodwill 121 94
Intangible assets 8 5
Deferred income tax assets 52 57
Income tax assets 98 38
Other non-current assets 50 35
Total non-current assets 982 873
Total assets 4,061 3,057
LIABILITIES AND EQUITY    
Current liabilities    
Trade payables 1 3
Derivative financial instruments 15
Current income tax liabilities 106 80
Client deposits 1 1
Unearned revenue 78 45
Employee benefit obligations 19 15
Provisions 12 13
Other current liabilities 251 203
Total current liabilities 468 375
Non-current liabilities    
Deferred income tax liabilities 17
Employee benefit obligations 25 26
Other non-current liabilities 9 8
Total liabilities 519 409
Equity    
Share premium 459 470
Retained earnings 3,046 2,531
Other components of equity 4 (386)
Total equity attributable to equity holders of the company 3,542 2,648
Total liabilities and equity 4,061 3,057

 

Consolidated Statements of Comprehensive Income (unaudited) for the years ended March 31,

United Kingdom Pound Sterling (GBP) in million except share data
  2010 2009
Revenues 3,008 2,767
Cost of sales 1,721 1,602
Gross profit 1,287 1,165
Operating expenses:    
Selling and marketing expenses 157 142
Administrative expenses 215 208
Total operating expenses 372 350
Operating profit 915 815
Other income, net 131 60
Profit before income taxes 1,046 875
Income tax expense 223 115
Net profit 823 760
Other comprehensive income    
Reversal of impairment loss on available-for-sale financial asset 1
Gain transferred to net profit on sale of available-for-sale financial asset (1)
Unrealized holding gains on available-for-sale financial asset , net of tax effect of GBP 1 million 4
Exchange differences on translating foreign operations 390 (536)
Total other comprehensive income 394 (536)
Total comprehensive income 1,217 224
Profit attributable to:    
Owners of the company 823 760
Non-controlling interest
  823 760
Total comprehensive income attributable to:    
Owners of the company 1,217 224
Non-controlling interest
  1,217 224
Earnings per equity share    
Basic (GBP) 1.44 1.33
Diluted (GBP) 1.44 1.33
Weighted average equity shares used in computing earnings per equity share    
Basic 570,475,923 569,656,611
Diluted
571,116,031 570,629,581
Note:
1. The functional currency of the Company is the Indian Rupee. These financial statements have been presented by translating revenue and expenditure at an average rate during the year; current assets, current liabilities, property, plant and equipment, long-term borrowings at the year-end rate; and accretions to stockholders’ equity at an average rate for the year. The difference arising on translation is shown under other components of equity.

2.

Exchange rates (1 GBP=)

in Rs.
  2010 2009
Average rate 75.74 78.43
Period end rate 67.96 72.49