| Schedules to the Balance Sheet as at | December 31, 2009 | |
| 1 | SHARE CAPITAL | |
| Authorized Capital | ||
| 4,000 Shares of 100 SEK par value | 26,12,000 | |
| 26,12,000 | ||
| Issued, subscribed and paid up | ||
| 1,000 (Nil) Shares of 100 SEK par value, fully paid | 6,53,000 | |
| 6,53,000 | ||
| 2 | RESERVES AND SURPLUS | |
| Translation difference | (33,969) | |
| Balance in Profit and Loss account | 24,23,940 | |
| 23,89,971 | ||
| 3 | SUNDRY DEBTORS | |
| Unsecured | ||
| Considered good | 67,71,383 | |
| 67,71,383 | ||
| Less: Provision for doubtful debts | – | |
| 67,71,383 | ||
| 4 | CASH AND BANK BALANCES | |
| Balances with non-scheduled banks in foreign currency | ||
| In current accounts | 1,50,60,890 | |
| 1,50,60,890 | ||
| 5 | LOANS AND ADVANCES | |
| Advances | ||
| Prepaid expenses | 4,31,963 | |
| Advance income tax | 2,42,446 | |
| Rental deposits | 63,258 | |
| 7,37,667 | ||
| 6 | CURRENT LIABILITIES | |
| Sundry creditors | ||
| Goods and services | 5,74,023 | |
| Accrued salaries and benefits | ||
| Salaries | 3 | |
| Bonus and incentives | 56,41,040 | |
| For other liabilities | ||
| Provision for expenses | 67,75,793 | |
| Withholding and other taxes payable | 51,48,995 | |
| – | ||
| 1,81,39,854 | ||
| 7 | PROVISIONS | |
| Provision for | ||
| Income taxes | 9,29,186 | |
| Unavailed leave | 4,57,929 | |
| 13,87,115 | ||
| Schedules to Profit and Loss account for the | Period ended December 31, |
|
| 2009 | ||
| 8 | SOFTWARE DEVELOPMENT EXPENSES | |
| Salaries and bonus including overseas staff expenses | 6,47,51,317 | |
| Overseas group health insurance | 21,10,974 | |
| Overseas travel expenses | 1,09,420 | |
| Rent | 2,70,181 | |
| 6,72,41,892 | ||
| 9 | GENERAL AND ADMINISTRATION EXPENSES | |
| Telephone charges | 1,31,713 | |
| Professional charges | 48,70,601 | |
| Insurance charges | 5,154 | |
| Professional membership and seminar participation fees | 15,819 | |
| Postage and courier | 1,047 | |
| Bank charges and commission | 86,703 | |
| Auditor’s remuneration | ||
| Statutory audit fees | 1,72,025 | |
| Miscellaneous expenses | 70,027 | |
| 53,53,089 | ||
| 10 | OTHER INCOME, NET | |
| Exchange gains / (losses) | (2,10,137) | |
| (2,10,137) | ||
| 11 | PROVISION FOR TAXATION | |
| Income taxes | 9,47,585 | |
| 9,47,585 | ||