| Infosys BPO Limited Schedules to the Balance Sheet | Year ended March 31, | ||
| 2010 | 2009 | ||
| 1 | SHARE CAPITAL | ||
| AUTHORISED | |||
| Equity shares, Rs.10 (Rs.10) par value | |||
| 12,33,75,000 (12,33,75,000) equity shares | 1,23,37,50,000 | 1,23,37,50,000< | |
| 1,23,37,50,000 | 1,23,37,50,000 | ||
| ISSUED, SUBSCRIBED AND PAID UP | |||
| Equity shares, Rs.10 (Rs.10) par value* | |||
| 3,38,27,751 (3,38,27,751) equity shares fully paid up | 33,82,77,510 | 33,82,77,510 | |
| [ Of the above, 3,38,22,319 (3,38,22,319) equity shares are held by | |||
| Infosys Technologies Limited, the company's holding company] | |||
| 33,82,77,510 | 33,82,77,510 | ||
* For details of options in respect of the above shares refer to note 16.2.18
| 2 | RESERVES AND SURPLUS | ||
| Securities premium account at the beginning of the year | 25,48,97,789 | 25,48,97,789 | |
| Securities premium account at the end of the year | 25,48,97,789 | 25,48,97,789 | |
| Capital Redemption Reserve | 1,13,94,690 | 1,13,94,690 | |
| General Reserve - opening balance | 2,00,00,00,000 | 1,00,00,00,000 | |
| Add : Transfer from Profit and Loss account during the year | 2,00,00,00,000 | 1,00,00,00,000 | |
| General Reserve - closing balance | 4,00,00,00,000 | 2,00,00,00,000 | |
| Balance in Profit and Loss account | 4,75,29,76,166 |
4,01,48,44,099 |
|
| 9,01,92,68,645 | 6,28,11,36,578 | ||
3 FIXED ASSETS
Particulars |
Original cost |
Accumulated depreciation |
Net book value |
|||||||
| Cost as of April 01,2009 |
Additions during the year |
Deletions during theyear |
Cost as of March 31,2010 |
As of April 01,2009 |
For the year | Deductions during the year |
As of March 31,2010 |
As of March 31,2010 |
As of March 31,2009 |
|
| Goodwill | 19,03,70,324 | – | – | 19,03,70,324 | – | – | – | – | 19,03,70,324 | 19,03,70,324 |
| Land - Leasehold | 11,55,00,000 | – | – | 11,55,00,000 | 4,93,869 | 11,93,790 | – | 16,87,659 | 11,38,12,341 | 11,50,06,131 |
| Buildings | 48,84,13,912 | 40,72,32,819 | – | 89,56,46,731 | 1,68,10,360 | 5,18,22,770 | – | 6,86,33,130 | 82,70,13,601 | 47,16,03,552 |
| Leasehold improvements | 33,61,87,369 | 2,33,18,522 | 1,11,09,572 | 34,83,96,319 | 14,62,38,106 | 7,49,70,340 | 1,11,09,572 | 21,00,98,874 | 13,82,97,445 | 18,99,49,263 |
| Plant and machinery | 70,56,39,106 | 30,77,49,974 | 5,02,99,172 | 96,30,89,908 | 28,06,77,086 | 17,79,49,875 | 4,68,76,619 | 41,17,50,342 | 55,13,39,566 | 42,49,62,020 |
| Computer equipment | 88,36,27,917 | 16,17,79,702 | 6,61,66,185 | 97,92,41,434 | 75,88,51,720 | 14,34,31,965 | 6,61,64,903 | 83,61,18,782 | 14,31,22,652 | 12,47,76,197 |
| Furniture and fixtures | 34,91,32,326 | 5,75,51,704 | 15,62,592 | 40,51,21,438 | 19,26,82,618 | 8,93,11,027 | 15,62,591 | 28,04,31,054 | 12,46,90,384 | 15,64,49,708 |
| 3,06,88,70,954 | 95,76,32,721 | 12,91,37,521 | 3,89,73,66,154 | 1,39,57,53,759 | 53,86,79,767 | 12,57,13,685 | 1,80,87,19,841 | 2,08,86,46,313 | 1,67,31,17,195 | |
| Previous year | 1,85,95,01,700 | 1,21,65,13,292 | 71,44,038 | 3,06,88,70,954 | 97,79,42,256 | 42,25,43,412 | 47,31,909 | 1,39,57,53,759 | 1,67,31,17,195 | |
Year ended March 31, |
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| 4 | INVESTMENTS | 2010 | 2009 |
| Non-traded (unquoted) | – | – | |
| Long term - at cost | |||
| Investment in Subsidiaries | |||
| Infosys BPO s.r.o, Czech Republic, a wholly owned subsidiary | 3,49,78,993 | 3,49,78,993 | |
| Infosys BPO Poland Sp Z o o, a wholly owned subsidiary | 58,68,81,768 | 58,68,81,768 | |
| 5,000 (5,000) equity shares of PLN 500 each, fully paid | |||
| Infosys BPO (Thailand) Ltd, a wholly owned subsidiary | 9,38,00,000 | 9,38,00,000 | |
| 70,000 (70,000) equity shares of THB 1000 each, fully paid | |||
| McCamish Systems LLC, a wholly owned subsidiary* | 258,07,63,358 | ||
| Other investments (unquoted) | |||
| Current investments (unquoted) - at lower of cost or fair value | |||
| Liquid mutual funds** | 2,00,81,77,787 | – | |
| 5,30,46,01,906 | 71,56,60,761 | ||
| 5 | DEFERRED TAX ASSET | ||
| Fixed assets | 13,08,73,277 | 9,69,07,091 | |
| Provisions | 3,52,99,143 | 2,26,94,319 | |
| Others | 3,04,043 | – | |
| 16,64,76,463 | 11,96,01,410 | ||
| 6 | SUNDRY DEBTORS | ||
| Debts outstanding for a period exceeding six months | |||
| Unsecured, considered doubtful | 46,14,832 | 16,56,726 | |
| Other debts | |||
| Unsecured, considered good * | 1,83,87,93,678 | 2,14,63,86,674 | |
| Unsecured, considered doubtful | – | 18,26,988 | |
| 1,84,34,08,510 | 2,14,98,70,388 | ||
| Less : Provision for doubtful debts | 46,14,832 | 34,83,714 | |
| 1,83,87,93,678 | 2,14,63,86,674 | ||
| * Of which dues from subsidiary companies ( Also refer to note 16.2.12) | 35,21,087 | 39,45,048 | |
| 7 | CASH AND BANK BALANCES | ||
| Cash on hand | 84,850 | 94,768 | |
| Balances with scheduled banks | |||
| -in current accounts | 10,83,93,509 | 22,83,60,763 | |
| -in deposit accounts in Indian rupees | 1,85,50,63,000 | 3,17,00,43,000 | |
| Balances with non-scheduled banks* | |||
| -in current accounts | 13,41,90,611 | 10,51,24,976 | |
| 2,09,77,31,970 | 3,50,36,23,507 |
Year ended March 31, |
|||
| 2010 | 2009 | ||
| 8 | LOANS AND ADVANCES | ||
| Unsecured, considered good | |||
| Advances | |||
| Prepaid expenses | 4,41,75,125 | 4,31,23,464 | |
| Advance to gratuity fund | 1,19,81,312 | 80,65,618 | |
| For supply of goods and rendering of services | 7,52,84,179 | 7,49,12,624 | |
| Interest accrued and not due | 69,35,485 | 2,03,16,892 | |
| Loans given to subsidiaries* | 15,49,973 | 7,27,19,108 | |
| Loans and advances to employees | 11,77,23,114 | 8,35,59,200 | |
| 25,76,49,188 | 30,26,96,906 | ||
| Deposits with financial institution and body corporate** | 34,50,00,000 | 48,00,00,000 | |
| Deposits with government authorities | 11,10,766 | 1,16,652 | |
| Rental deposits | 22,07,23,931 | 18,76,61,899 | |
| Electricity and other deposits | 1,09,26,753 | 35,42,872 | |
| Customer recoverables | 1,48,53,961 | 28,85,508 | |
| Unbilled revenue | 18,83,87,668 | 10,11,91,187 | |
| Advance income tax, net | 19,47,37,436 | 4,22,26,973 | |
| Withholding and other taxes receivable | 10,73,438 | 19,43,249 | |
| Cenvat credit receivable | 22,23,11,699 | 16,55,34,450 | |
| MAT credit entitlement | 41,81,66,536 | 22,65,47,865 | |
| Mark to market gain on forward exchange contract and options | 6,53,04,711 | – | |
| 1,94,02,46,087 | 1,51,43,47,561 | ||
| Unsecured, considered doubtful | |||
| Loans and advances to employees | 15,94,627 | 90,19,461 | |
| 1,94,18,40,714 | 1,52,33,67,022 | ||
| Less : Provision for doubtful loans and advances to employees | 15,94,627 | 90,19,461 | |
| 1,94,02,46,087 | ,151,43,47,561 | ||
Year ended March 31, |
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2010 |
2009 |
||
| 9 | CURRENT LIABILITIES | ||
| Sundry creditors | |||
| for capital goods | – | 4,10,46,280 | |
| for expenses* | 4,22,07,471 | 2,01,65,927 | |
| for accrued salaries and benefits | |||
| salaries and allowances | 23,97,29,154 | 25,43,51,940 | |
| ex-gratia and incentives | 86,67,47,334 | 60,76,95,236 | |
| for other liabilities | |||
| provision for expenses | 1,88,12,93,552 | 2,26,68,43,132 | |
| retention monies | 5,64,04,055 | 5,26,02,133 | |
| withholding taxes and other payables | 1,06,80,007 | 16,39,627 | |
| mark to market loss on forward exchange contract and options | – | 12,95,25,272 | |
| 3,09,70,61,573 | 3,37,38,69,547 | ||
| Contingent consideration ( Refer to note 16.2.14a) | 65,50,91,000 | – | |
| Advances received from clients | 3,14,73,081 | 22,14,567 | |
| Deferred revenue (Refer to note 16.2.15) | 7,67,31,141 | 10,63,81,416 | |
| 3,86,03,56,795 | 3,48,24,65,530 | ||
| * Of which dues to subsidiary company (also refer note 16.2.12) | 59,29,031 | 5,03,730 | |
| 10 | PROVISIONS | ||
| Provision for leave encashment | 17,13,97,911 | 10,91,60,991 | |
| Provision for income taxes, net | – | 1,36,35,334 | |
| Provisions for SLA compliance* | 5,19,14,163 | 2,67,69,832 | |
| 22,33,12,074 | 14,95,66,157 | ||