List of related parties:
| Name of Related parties | Country |
Year ended December 31, |
| 2009 | ||
| Infosys Technologies Limited | India |
100.00% |
During the year ended December 31, 2009, the holding Company incorporated the wholly-owned subsidiary, Infosys Technologies (Sweden) AB, which was capitalized on July 8, 2009.
Details of amounts due to or due from Year ended Dec 31, 2009:
| Particulars | Year ended December 31, |
| 2009 | |
| Sundry debtors | |
| Infosys Technologies Limited | 67,71,383 |
| Sundry creditors | |
| Infosys Technologies Limited | 5,65,936 |
The details of the related party transactions entered into by the Company and maximum dues from subsidiaries for the year ended December 31, 2009 is follows:
| Particulars | Period ended December 31, |
| 2009 | |
| Capital transactions: | |
| Financing transactions | |
| Infosys Technologies Limited | 6,53,000 |
| Revenue transactions: | |
| Sale of services | |
| Infosys Technologies Limited | 7,61,76,643 |
Sale of shared services including facilities and personnel
The details of balances as on Balance Sheet dates with non-scheduled banks are as follows:
| Balances with non-scheduled bank | Year ended December 31, |
| 2010 | |
| In current accounts | |
| Nordbanken, Sweden | 1,48,63,136 |
| Svenska Handelsbanken, Sweden | 1,97,754 |
| 1,50,60,890 | |
| Total cash and bank balances as per Balance Sheet | 1,50,60,890 |
The details of maximum balances during the period with non-scheduled banks are as follows:
Maximum balance with non-scheduled banks during the period |
Period ended December 31, |
| 2010 | |
| In current accounts | |
| Nordbanken, Sweden | 2,35,28,736 |
| Svenska Handelsbanken, Sweden | 46,70,923 |
The Company's operations predominantly relate to providing end-to-end business solutions that leverage technology thereby enabling clients to enhance business performance. These solutions are delivered to customers globally operating in various industry segments. Accordingly, revenues represented along industry classes comprise the primary basis of segmental information set out in these financial statements. Secondary segmental reporting is performed on the basis of the geographical location of customers.
The accounting principles consistently used in the preparation of the financial statements are also consistently applied to record income and expenditure in individual segments. These are as set out in the significant accounting policies.
Industry segments at the Company are primarily manufacturing companies and the retail industries.
Income and direct expenses in relation to segments is categorized based on items that are individually identifiable to that segment, while the remainder of the costs are categorized in relation to the associated turnover of the segment. Certain expenses such as depreciation, which form a significant component of total expenses, are not specifically allocable to specific segments as the underlying services are used interchangeably. The Company believes that it is not practical to provide segment disclosures relating to those costs and expenses, and accordingly these expenses are separately disclosed as “unallocated” and directly charged against total income.
Fixed assets used in the Company’s business or liabilities contracted have not been identified to any of the reportable segments, as the fixed assets and services are used interchangeably between segments. Accordingly, no disclosure relating to total segment assets and liabilities are made.
Customer relationships are driven based on the location of the respective client. Europe includes continental Europe (both the east and the west).
Geographical revenues are segregated based on the location of the customer who is invoiced or in relation to which the revenue is otherwise recognized.
Year ended December 31, 2009:
| Manufacturing | Retail | Total | |
| Revenues | 2,06,60,755 | 5,55,15,888 | 7,61,76,643 |
| Identifiable operating expenses | 1,59,28,120 | 4,01,44,589 | 5,60,72,709 |
| Allocated expenses | 44,81,198 | 1,20,41,074 | 1,65,22,272 |
| Segmental operating income | 2,51,437 | 33,30,225 | 35,81,662 |
| Operating income | 35,81,662 | ||
| Other income, net | (2,10,137) | ||
| Net profit before taxes | 33,71,525 | ||
| Income taxes | 9,47,586 | ||
| Net profit after taxes | 24,23,940 |
Year ended December 31, 2009:
| Europe | Total | |
| Revenues | 7,61,76,643 | 7,61,76,643 |
| Identifiable operating expenses | 5,60,72,709 | 5,60,72,709 |
| Allocated expenses | 1,65,22,272 | 1,65,22,272 |
| Segmental operating income | 35,81,662 | 35,81,662 |
| Operating income | 35,81,662 | |
| Other income, net | (2,10,137) | |
| Net profit before taxes | 33,71,525 | |
| Income taxes | 9,47,586 | |
| Net profit after taxes | 24,23,940 |