23.3 Details of rounded off amounts

The financial statements are represented in Rs. crore as per the approval received from Department of Company Affairs (DCA) earlier. Those items which were not represented in the financial statement due to rounding off to the nearest Rs. crore are given as follows :

Balance Sheet items
in Rs. crore
Schedule Description
As at March 31,
    2010 2009
3 Fixed assets    
  Vehicles    
  Addition during the year 0.04 0.50
  Depreciation and amortisation – 0.57
  Deletion during the year from depreciation 0.04 –
4 Investment in Infosys Sweden 0.06 –
7 Cash on Hand – 0.01
23.2.7 Related party transactions    
  Debtors    
  Infosys BPO s.r.o. 0.04 0.02
  Infosys China 19.18 0.16
  Infosys Consulting 26.37 0.34
  Infosys Thailand 0.04 0.01
  Infosys Sweden 0.08 0.06
  Infosys Brazil 0.62 –
  Creditors    
  Infosys BPO s.r.o. 0.16 0.09
  Infosys Mexico 4.97 0.04
  Infosys Thailand 0.02 –
23.2.13 Balances with scheduled banks
  Citibank – Unclaimed dividend account 0.49 0.58
  HDFC Bank – Unclaimed dividend account 1.00 0.46
  Deutsche Bank – EEFC account in United Kingdom Pound Sterling – 0.05
  Deutsche Bank – EEFC account in Swiss Franc 0.33 3.35
  State Bank of India 0.04 –
  Bank of Baroda 0.02 –
  Balances with non-scheduled banks
  ABN Amro Bank, Copenhagen, Denmark 0.21 0.06
  Citibank N.A, New Zealand 0.26 –
  Deutsche Bank, Moscow 0.34 –
  Deutsche Bank, Zurich, Switzerland 9.72 0.22
  Deutsche Bank, Zurich, Switzerland (U.S. dollar account) 1.40 0.05
  Deutsche Bank, Spain 1.47 0.57
  Bank of Baroda, Mauritius – 0.06
  Nordbanken, Sweden 0.06 0.05
  Standard Chartered Bank, UAE 0.09 –
  The Bank of Tokyo–Mitsubishi UFJ, Ltd., Japan 0.16 0.59
23.2.13 Maximum Balances with non-scheduled banks    
  ABN Amro Bank, Denmark 0.34 0.08
  Deutsche Bank Russia 0.37 –
  Nordbanken, Sweden 0.48 1.17
  Deutsche Bank, Russia (U.S. dollar account) 0.21 1.24

Profit and Loss items
in Rs. crore
Schedule Description Year ended March 31,
    2010 2009
Profit & Loss Additional dividend tax 0.04 0.12
12 Selling and Marketing expenses    
  Office maintenance 0.19 0.34
  Computer maintenance 0.02 –
  Software Packages for own use – 0.04
  Consumables 0.04 0.15
  Advertisements 0.01 1.73
  Insurance charges 0.02 0.03
  Rates and taxes 0.09 0.01
13 General and Administrative expenses    
  Provision for doubtful loans and advances 0.28 0.74
  Overseas group health insurance 0.88 0.48
  Auditor's remuneration :    
  Certification charges 0.05 0.05
  Out-of-pocket expenses 0.03 0.03
  Miscellaneous expenses 0.15 4.00
23.2.1 Aggregate expenses    
  Provision for doubtful loans and advances 0.28 0.74
  Auditor's remuneration    
  Certification Charges 0.05 0.05
  Out-of-pocket expenses 0.03 0.03
23.2.7 Related party transactions    
  Revenue transactions    
  Purchase of services – Infosys BPO s.r.o. 0.44 1.10
  Purchase of services – Infosys BPO (Poland) 0.03 –
  Sale of services – Infosys Mexico – 0.07
23.2.14 Profit on disposal of fixed assets, included in miscellaneous income – 0.16

Cash Flow statement items
in Rs. crore
Schedule Description
Year ended March 31,
    2010 2009
Cash flow statement Profit / (loss) on sale of fixed assets – 0.16
  Proceeds on disposal of fixed assets – 0.21
  Provision for investments – 1.95

23.4. Transactions with key management personnel

Key management personnel comprise directors and members of Executive Council.

Particulars of remuneration and other benefits paid to whole-time directors and members of executive council during the years ended March 31, 2010 and March 31, 2009 are as follows :

in Rs. crore
Name
 Salary Contributions to
provident and
other funds		 Perquisites
and incentives		 Total
Remuneration
Co-Chairman
Nandan M. Nilekani(1)		 0.09 0.02 0.23 0.34
  0.30 0.07 0.54 0.91
Chief Executive Officer and Managing Director
S. Gopalakrishnan		 0.32 0.08 0.61 1.01
  0.30 0.07 0.55 0.92
Chief Operating Officer and Director
S. D. Shibulal 		0.31 0.08 0.56 0.95
  0.28 0.07 0.52 0.87
Whole-time directors        
K. Dinesh 0.32 0.08 0.61 1.01
  0.30 0.07 0.54 0.91
T. V. Mohandas Pai 0.36 0.08 2.69 3.13
  0.36 0.09 2.14 2.59
Srinath Batni 0.36 0.07 1.98 2.41
  0.35 0.09 1.43 1.87
Chief Financial Officer
V. Balakrishnan		 0.30 0.08 2.06 2.44
  0.29 0.07 2.00 2.36
Executive council members      
Ashok Vemuri 2.09 – 2.79 4.88
  1.99 – 2.05 4.04
Chandra Shekar Kakal 0.28 0.06 1.73 2.07
  0.26 0.06 1.26 1.58
B. G. Srinivas 1.81 – 2.75 4.56
  1.82 – 2.85 4.67
Subhash B. Dhar 0.24 0.07 1.42 1.73
  0.23 0.06 0.98 1.27
(1) Effective July 9, 2009, Nandan M. Nilekani has relinquished the positions of Co-Chairman, Member of the Board and employee of Infosys.

 

Particulars of remuneration and other benefits of non-executive / independent directors for the years ended March 31, 2010 and March 31, 2009 are as follows :

in Rs. crore

Name

Commission

Sitting fees

Reimbursement
of expenses

Total
remuneration

Independent directors

Deepak M. Satwalekar

0.60

–

–

0.60

 

0.68

–

0.02

0.70

Prof. Marti G. Subrahmanyam

0.65

–

0.20

0.85

 

0.71

–

0.25

0.96

Dr. Omkar Goswami

0.52

–

0.03

0.55

 

0.58

–

0.03

0.61

Claude Smadja

0.59

–

0.25

0.84

 

0.67

–

0.26

0.93

Rama Bijapurkar

0.49

–

0.02

0.51

 

0.56

–

0.01

0.57

Sridar A. Iyengar

0.62

–

0.21

0.83

 

0.70

–

0.20

0.90

David L. Boyles

0.59

–

0.15

0.74

 

0.69

–

0.21

0.90

Prof. Jeffrey S. Lehman

0.61

–

0.24

0.85

 

0.63

–

0.22

0.85

K. V. Kamath(1)

0.39

–

0.02

0.41
 

–

–

–

–

Non-executive director

N. R. Narayana Murthy(2)

0.57

–

–

0.57

 

0.63

–

–

0.63
(1) Joined the Board effective May 02, 2009
(2) Non-Executive Chairman of the Board and Chief Mentor.