Financial statements of Infosys BPO Limited

Schedules to the Profit and Loss Account		Year ended March 31,
		2010	2009
11	COST OF REVENUES
	Salaries including overseas staff expenses	4,12,84,48,582	3,81,33,36,340
	Staff welfare	(12,02,909)	5,21,06,231
	Contribution to provident and other funds	18,73,49,290	17,29,17,838
	Travelling expenses	29,08,12,800	38,26,95,902
	Conveyance	12,61,82,179	19,43,27,555
	Cost of software for own use	16,84,94,855	43,53,44,481
	Computer maintenance	63,39,320	73,74,432
	Communication expenses	22,77,94,847	22,67,02,533
	Rent	35,30,95,942	37,21,77,021
	Office maintenance	2,81,04,088	1,04,14,871
	Consultancy charges	37,05,00,833	52,23,01,160
	Consumables	63,16,150	76,97,986
	Recruitment and training expenses	11,05,00,237	6,28,78,796
	Insurance	36,50,289	58,43,575
	Other miscellaneous expenses	93,60,841	1,63,89,284
		6,01,57,47,344	6,28,25,08,005
12	SELLING AND MARKETING EXPENSES
	Salaries including overseas staff expenses	63,30,56,512	44,11,45,289
	Staff welfare	46,866	9,97,045
	Contribution to provident and other funds	5,30,189	1,00,56,568
	Brand building and advertisement	69,16,780	70,26,470
	Travelling expenses	7,87,39,294	9,48,82,997
	Communication expenses	2,30,90,178	2,20,21,149
	Conveyance	4,07,442	9,49,765
	Rent	1,07,89,865	1,34,96,079
	Printing, stationery and office maintenance	14,10,386	11,54,404
	Insurance	28,75,870	30,23,348
	Marketing expenses	63,98,467	2,30,86,340
	Recruitment expenses	1,20,30,214	16,59,431
	Professional charges	52,42,839	25,52,000
	Professional memberships and seminars	22,28,749	1,38,45,587
	Other miscellaneous expenses	4,95,595	5,11,987
		78,42,59,246	63,64,08,459

Schedules to the Profit and Loss Account		Year ended March 31,
		2010	2009
13	GENERAL AND ADMINISTRATION EXPENSES
	Salaries	55,09,44,403	54,95,21,908
	Staff welfare	1,13,31,236	2,79,22,091
	Contribution to provident and other funds	2,14,61,220	2,12,61,805
	Conveyance	2,70,81,022	5,04,25,414
	Consumables	85,92,824	96,01,605
	Cost of software for own use	76,35,041	1,09,92,456
	Rent	3,23,76,796	1,90,23,171
	Telephone and communication charges	2,96,74,309	4,12,44,672
	Legal and professional charges	4,87,43,255	6,29,60,592
	Printing and stationery	57,15,428	1,67,58,965
	Office maintenance	21,84,41,204	21,50,51,633
	Power and fuel	17,70,80,350	17,05,90,497
	Recruitment and training expenses	1,67,75,836	4,63,83,673
	Insurance	6,35,95,157	6,74,71,281
	Rates and taxes	1,81,08,947	2,22,45,539
	Donations	59,60,028	20,75,000
	Auditor's remuneration
	audit fees	20,90,000	18,69,397
	out-of-pocket expenses	–	67,500
	Bank charges and commission	12,51,323	76,68,535
	Postage and courier	35,86,210	37,64,147
	Professional membership and seminar participation fees	4,69,241	5,44,114
	Provision for doubtful debts	11,31,118	(5,25,230)
	Provision for doubtful loans and advances	8,62,912	75,17,240
	Other miscellaneous expenses	15,54,920	64,65,560
		1,25,44,62,780	1,36,09,01,565
14	OTHER INCOME
	Interest income *
	On deposits with financial institutions and body corporate	2,01,96,794	3,24,73,165
	On deposits with banks	15,03,41,222	20,57,30,948
	On loans to subsidiary	37,69,852	27,14,014
	Dividends from liquid mutual fund investments	4,74,31,253	2,62,67,417
	Profit on sale of investments	22,44,820	41,72,770
	Profit on sale of fixed assets	30,361	6,11,027
	Exchange gain/(loss), net	1,47,22,880	(66,14,71,871)
	Interest on income tax refund	–	9,73,634
	Provisions for earlier year no longer required written back	–	1,15,64,190
	Miscellaneous income	1,94,08,200	77,05,385
		25,81,45,382	(36,92,59,321)
	*Tax deducted at source on interest income	2,65,54,996	4,74,86,536
15	PROVISION FOR TAXATION
	Current taxes	43,17,28,128	18,15,50,581
	Deferred taxes	(4,68,75,053)	(4,89,82,713)
	MAT credit entitlement	(19,16,18,671)	(17,31,01,633)
		19,32,34,404	(4,05,33,765)