Schedules to the financial statements for the year ended March 31, 2011

14.2. Notes on accounts

14.2.1. Aggregate expenses

The aggregate amounts incurred on expenses are as follows :

	Year ended March 31,
	2011	2010
Salaries and bonus excluding overseas staff expenses	79,07,72,344	70,82,12,786
Staff welfare	1,71,58,252	1,72,36,162
Communication expenses	7,01,20,779	7,82,45,373
Travelling and conveyance	88,19,346	8,89,21,251
Rent	7,79,09,304	7,70,46,383
Printing and stationery	4,45,43,012	4,52,27,040
Legal and professional charges	3,11,30,591	1,70,19,387
Recruitment and training expenses	1,61,19,401	2,25,35,019
Insurance charges	21,77,890	22,80,164
Rates and taxes	1,29,00,120	1,24,62,562
Donations	11,61,989	8,75,151
Bank charges and commission	10,95,626	15,67,649
Postage and courier	1,66,55,692	1,72,19,512
Provision for bad and doubtful debts	3,49,419	1,81,359
Sales promotion expenses	50,71,788	–
Miscellaneous expenses	14,04,25,980	1,30,81,024
	1,23,64,11,535	1,10,21,10,822

14.2.2. Quantitative details

The Company is primarily engaged in providing business process management services. The sale of such services 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.

14.2.3. Related party transactions

List of related parties:

Name of Related parties	Country	Holding, as at
Name of Related parties	Country	March 31, 2011	March 31, 2010
Infosys BPO Limited	India	100.00%	100.00%
Infosys Technologies Limited ⁽¹⁾	India	–	–
Infosys BPO s.r.o. ⁽²⁾	Czech Republic	–	–
Infosys Tecnologia do Brasil Ltda ⁽³⁾	Brazil	–	–

Notes :	⁽¹⁾ Infosys Technologies Limited is holding company of Infosys BPO Limited.
	⁽²⁾ Wholly-owned subsidiaries of Infosys BPO Limited i.e. fellow subsidiaries.
	⁽³⁾ Wholly-owned subsidiaries of Infosys Technologies Limited i.e. fellow subsidiaries.

Details of amounts due to or due from as at March 31, 2011 and March 31, 2010 :

Particulars	As at
Particulars	March 31, 2011	March 31, 2010
Sundry debtors
Infosys Technologies Limited	5,68,440	2,94,883
Infosys BPO Limited	–	58,20,084
Infosys BPO s.r.o.	–	84,987
Infosys Brasil	–	(17,742)
Sundry creditors
Infosys Technologiess Limited	668,204	7,19,515
Infosys BPO Limited	25,341	12,52,147

The details of the related party transactions entered into by the Company and maximum dues from subsidiaries for the period ended March 31, 2011 and March 31, 2010 are as follows :

Particulars	As at
Particulars	March 31, 2011	March 31, 2010
Revenue transactions :
Sale of services
Infosys Brasil	(6,06,646)	–
Infosys BPO Limited	–	53,08,772
Infosys Technologies Limited	84,85,041	3,00,176
Sale of shared services including facilities and personnel
Infosys Technologies Limited	7,29,776	95
Infosys BPO Limited	–	44,83,678
Purchase of shared services including facilities and personnel
Infosys Technologies Limited	39,44,004	97,127
Infosys BPO Limited		7,39,431

14.2.4. Cash and bank balances

The details of balances as on Balance Sheet dates with non-scheduled banks are as follows :

Balances with non-scheduled banks	As at
Balances with non-scheduled banks	March 31, 2011	March 31, 2010
Cash balance	2,79,952	5,13,821
	2,79,952	5,13,821
In current accounts
Deutsche Bank, PLN	1,18,20,597	2,34,40,967
Deutsche Bank, PLN ES Fund	3,40,542	2,28,729
Deutsche Bank, Euro	1,64,24,962	73,79,595
	2,85,86,101	3,10,49,291
In deposit accounts
Deutsche Bank, Poland	21,00,20,597	7,81,50,000
	21,00,20,597	7,81,50,000
Total cash and bank balances as per Balance Sheet	23,88,86,650	10,97,13,112

The details of maximum balances during the period with non-scheduled banks are as follows :

Maximum balance with non-scheduled banks during the period	Year ended
Maximum balance with non-scheduled banks during the period	March 31, 2011	March 31, 2010
In current accounts
Deutsche Bank, Poland	10,11,67,633	7,97,36,353
Deutsche Bank, Poland (Employee Social Fund)	74,29,001	80,95,347
Deutsche Bank, Poland (Euro account)	10,90,39,709	19,05,07,067

14.2.5. Provision for SLA Compliance

The provision for service level agreement compliance is based on estimates made by the management for on going contracts. In accordance with paragraphs 66 and 67 of the Accounting Standard 29, the movement in provision for service level agreement is given below.

	As at March
	2011	2010
Balance at the beginning of the period	1,02,32,501	63,32,706
Additional provisions made during the period	47,84,926	99,39,203
Provisions used during the period	–	–
Unused amounts reversed during the period	28,55,463	60,39,408
Balance at the end of the period	1,21,61,964	1,02,32,501

Management believes that the aforesaid provision will be utilized within a year.

14.2.6. Capital commitments and contingencies

	Year ended
	March 31, 2011	March 31, 2010
Estimated amount of unexecuted capital contracts (net of advance and deposits)	1,22,23,031
Forward contracts outstanding
EUR / PLN	EUR 80,00,000	EUR 55,00,000
(Equivalent approximate in )	(50,70,40,000)	(33,24,75,000)