The aggregate amounts incurred on expenses are as follows:
Year ended December 31, |
||
| 2009 | 2008 | |
| Salaries and bonus including overseas staff expenses | 40,54,96,863 | 21,43,91,576 |
| Contribution to provident and other funds | 4,58,503 | 9,53,031 |
| Staff welfare | 13,50,817 | 31,04,747 |
| Group health insurance | 88,74,296 | 39,45,685 |
| Overseas travel expenses | 4,57,36,652 | 5,67,64,261 |
| Visa charges and others | 10,26,281 | 4,36,159 |
| Travel and conveyance | 73,52,681 | 33,12,106 |
| Technical sub-contractors – others | 6,36,063 | 22,64,209 |
| Software packages | ||
| For own use | 270,557 | 18,68,320 |
| Professional charges | 2,09,51,265 | 2,96,95,277 |
| Telephone charges | 1,21,19,922 | 1,21,54,294 |
| Communication expenses | 61,51,308 | 19,04,271 |
| Power and fuel | 32,87,294 | (3,29,385) |
| Office maintenance | 40,09,390 | 36,03,455 |
| Brand building | – | (182) |
| Rent | 1,55,81,665 | – |
| Insurance charges | 4,37,404 | 7,59,970 |
| Computer maintenance | 10,91,621 | 45,945 |
| Printing and stationery | 7,70,480 | 5,40,283 |
| Consumables | 6,73,643 | 4,22,428 |
| Advertisements | 3,26,897 | 6,17,965 |
| Marketing expenses | 28,779 | 1,84,839 |
| Repairs to plant and machinery | 4,18,135 | 1,23,446 |
| Rates and taxes | 6,108 | (2,18,280) |
| Professional membership and seminar participation fees | 1,49,397 | 1,12,297 |
| Postage and courier | 1,88,141 | 2,02,419 |
| Books and periodicals | 50,349 | 7,58,407 |
| Provision for bad and doubtful debts | 6,83,182 | – |
| Freight charges | 57,001 | 1,83,224 |
| Bank charges and commission | 1,68,091 | 90,689 |
| Auditor's remuneration | ||
| Statutory audit fees | 726,000 | – |
| Others | 72,600 | – |
| Out-of-pocket expenses | ||
| Miscellaneous expenses | – | 6,70,263 |
| 53,91,51,386 | 33,85,61,717 | |
| Particulars | As at December 31, |
|
| 2009 | 2008 | |
| Estimated amount of unexecuted capital contracts | ||
| (net of advances and deposits) | 3,75,623 | 29,49,263 |
The Company is primarily engaged in the development and maintenance of computer software. The production and sale of such software cannot be expressed in any generic unit. Hence, it is not possible to give the quantitative details of sales and certain information as required under paragraphs 3, 4C and 4D of part II of Schedule VI to the Companies Act, 1956.
The lease rentals charged during the period and maximum obligations on long-term, non-cancelable operating leases payable as per the rentals stated in the respective agreements are as follows:
| Particulars | Year ended December 31, |
|
| 2009 | 2008 | |
Lease rentals recognized during the period |
1,55,81,665 | – |
| Lease obligations payable: | As at December 31, |
|
| 2009 | 2008 | |
| Within one year of the Balance Sheet date | 2,12,24,628 | – |
| Due in a period between one year and five years | 7,07,48,758 | – |
| Due after five years | – | – |
List of related parties:
| Name of Related party | Country | Holding, as at December 31, |
|
| 2009 | 2008 | ||
| Infosys Technologies Limited (Holding Company) | India | 100% | 100% |
| Infosys BPO Limited | India | 0% | 0% |
| Infosys Technologies Brasil LTDA | Brazil | 0% | 0% |
| Infosys Technologies (China) Co. Ltd. | China | 0% | 0% |
Details of amounts due to or due from as at December 31, 2009 and December 31, 2008:
| Particulars | As at December 31, |
|
| 2009 | 2008 | |
| Sundry debtors | ||
| Infosys Technologies Limited | 5,03,57,858 | 33,90,705 |
| Infosys BPO Limited | 0 | 21,41,529 |
| Infosys Technologies Brasil LTDA | 5,15,776 | – |
| Infosys Technologies (China) Co. Ltd. | – | 1,07,527 |
| Sundry creditors | ||
| Infosys Technologies Limited | 53,51,493 | 1,05,22,648 |
| Infosys BPO Limited | 86,45,551 | 2,42,746 |
| Infosys Technologies Brasil LTDA | 32,456 | – |
| Infosys Technologies (China) Co. Ltd. | – | 8,03,162 |
The details of related party transactions entered by the company for the year ended December 31, 2009 and December 31, 2008 are as follows:
Revenue transactions: |
2009 | 2008 |
| Sale of services | ||
| Infosys Technologies Limited | 41,73,00,825 | 23,90,37,417 |
| Infosys BPO Limited | 3,93,05,437 | 66,24,727 |