| Balance Sheet as at | Schedule | Year ended March 31, | |
| 2010 | 2009 | ||
| SOURCES OF FUNDS | |||
| SHAREHOLDERS' FUNDS | |||
| Share capital | 1 | 33,82,77,510 | 33,82,77,510 |
| Reserves and surplus | 2 | 9,01,92,68,645 | 6,28,11,36,578 |
| 9,35,75,46,155 | 6,61,94,14,088 | ||
| APPLICATION OF FUNDS | |||
| FIXED ASSETS | |||
| Original cost | 3 | 3,89,73,66,154 | 3,06,88,70,954 |
| Less : Accumulated depreciation | 1,80,87,19,841 | 1,39,57,53,759 | |
| Net book value | 2,08,86,46,313 | 1,67,31,17,195 | |
| Capital work-in-progress | 47,18,607 | 57,87,08,667 | |
| 2,09,33,64,920 | 2,25,18,25,862 | ||
| INVESTMENTS | 4 | 5,30,46,01,906 | 71,56,60,761 |
| DEFERRED TAX ASSET | 5 | 16,64,76,463 | 11,96,01,410 |
| CURRENT ASSETS, LOANS AND ADVANCES | |||
| Sundry debtors | 6 | 1,83,87,93,678 | 2,14,63,86,674 |
| Cash and bank balances | 7 | 2,09,77,31,970 | 3,50,36,23,507 |
| Loans and advances | 8 | 1,94,02,46,087 | 1,51,43,47,561 |
| 5,87,67,71,735 | 7,16,43,57,742 | ||
| LESS: CURRENT LIABILITIES AND PROVISIONS | |||
| Current liabilities | 9 | 3,86,03,56,795 | 3,48,24,65,530 |
| Provisions | 10 | 22,33,12,074 | 14,95,66,157 |
| NET CURRENT ASSETS | 1,79,31,02,866 | 3,53,23,26,055 | |
| 9,35,75,46,155 | 6,61,94,14,088 | ||
| SIGNIFICANT ACCOUNTING POLICIES AND NOTES ON ACCOUNTS | 16 | ||
Note: The schedules referred to above are an integral part of the Balance Sheet.
As per our report attached
for B S R & Co.
Chartered Accountants
| Supreet Sachdev Partner Membership No. 205385 |
T. V. Mohandas Pai Chairman and Director |
D. Swaminathan Managing Director and Chief Executive Officer |
S. D. Shibulal Director |
Prof. Jayanth R. Varma Director |
| Sridar A.Iyengar Director |
B. G. Srinivas Director |
Abraham Mathews Head - Finance & Accounts |
N. R. Ravikrishnan Company Secretary |
|
| Bangalore April 8, 2010 |
||||
| Profit and Loss Account | Schedule | Year ended March 31, | |
| 2010 | 2009 | ||
INCOME |
|||
| Revenues from business process management services | 11,26,63,70,226 | 10,81,53,15,898 | |
| 11,26,63,70,226 | 10,81,53,15,898 | ||
| COST OF REVENUES | 11 | 6,01,57,47,344 | 6,28,25,08,005 |
| GROSS PROFIT | 5,25,06,22,882 | 4,53,28,07,893 | |
| SELLING AND MARKETING EXPENSES | 12 | 78,42,59,246 | 63,64,08,459 |
| GENERAL AND ADMINISTRATION EXPENSES | 13 | 1,25,44,62,780 | 1,36,09,01,565 |
| OPERATING PROFIT BEFORE DEPRECIATION | 3,21,19,00,856 | 2,53,54,97,869 | |
| Depreciation | 3 | 53,86,79,767 | 42,25,43,412 |
| OPERATING PROFIT AFTER DEPRECIATION | 2,67,32,21,089 | 2,11,29,54,457 | |
| Other Income | 14 | 25,81,45,382 | (36,92,59,321) |
| PROFIT BEFORE TAX | 2,93,13,66,471 | 1,74,36,95,136 | |
| Provision for taxation | 15 | 19,32,34,404 | (4,05,33,765) |
| NET PROFIT AFTER TAX | 2,73,81,32,067 | 1,78,42,28,901 | |
| Balance brought forward from the previous year | 4,01,48,44,099 | 3,24,77,29,875 | |
| Balance of Profit and Loss account of Pan-Financial Shared Services India Private Limited (Refer note 16.2.14) | – | (1,71,14,677) | |
| AMOUNT AVAILABLE FOR APPROPRIATION | 6,75,29,76,166 | 5,01,48,44,099 | |
| Amount transferred to general reserve | 2,00,00,00,000 | 1,00,00,00,000 | |
| BALANCE CARRIED FORWARD | 4,75,29,76,166 | 4,01,48,44,099 | |
| Total | 6,75,29,76,166 | 5,01,48,44,099 | |
| EARNINGS PER SHARE | |||
| Equity shares of par value Rs.10 each | |||
| Basic | 80.94 | 52.74 | |
| Diluted | 80.94 | 52.74 | |
| Weighted average number of shares used in computing earnings per share: | 16.2.16 | ||
| Basic | 3,38,27,751 | 3,38,27,751 | |
| Diluted | 3,38,27,751 | 3,38,27,751 | |
| SIGNIFICANT ACCOUNTING POLICIES AND NOTES ON ACCOUNTS | 16 | ||
The schedules referred to above form an integral part of the Balance Sheet
As per our report attached
for B S R & Co.
Chartered Accountants
| Supreet Sachdev Partner Membership No. 205385 |
T. V. Mohandas Pai Chairman and Director |
D. Swaminathan Managing Director and Chief Executive Officer |
S. D. Shibulal Director |
Prof. Jayanth R. Varma Director |
| Sridar A.Iyengar Director |
B. G. Srinivas Director |
Abraham Mathews Head - Finance & Accounts |
N. R. Ravikrishnan Company Secretary |
|
| Bangalore April 8, 2010 |
||||