Schedules to the Balance Sheet as at |
December 31, 2009 | December 31, 2008 |
| 1. SHARE CAPITAL | ||
| Authorised Capital | ||
| 23,000,000 USD | 108,05,40,000 | 108,05,40,000 |
| Issued, subscribed and paid up | ||
| 14,000,000 USD | 65,77,00,983 | 45,54,25,000 |
| 65,77,00,983 | 45,54,25,000 |
Schedules to the Balance Sheet
2. FIXED ASSETS
| Original Cost | Depreciation and amortization | Net Book Value | ||||||||
| As at Jan 1, 2009 |
Additions/ Adjustments |
Deletions/ Retirement/ Adjustments |
As at Dec 31, 2009 |
As at Jan 1, 2009 |
For the year | Deletions/ Adjustments |
As at Dec 31, 2009 |
As at Dec 31, 2009 |
As at Dec 31, 2008 |
|
| Leasehold Improvement | 182,135,209 | 10,074,119 | – | 192,209,328 | 113,806,840 | 38,735,150 | – | 152,541,990 | 39,667,338 | 68,328,369 |
| Plant and Machinery | 49,014,005 | 6,187,964 | 6,001 | 55,195,968 | 12,306,459 | 9,837,575 | – | 22,144,034 | 33,051,934 | 36,707,546 |
| Computer Equipment | 265,976,403 | 59,913,326 | 269,102 | 325,620,627 | 188,747,720 | 57,479,247 | 269,102 | 245,957,865 | 79,662,763 | 77,228,683 |
| Furniture & Fitting | 40,773,874 | (1,224,765) | – | 39,549,109 | 21,125,574 | 6,699,572 | – | 27,825,146 | 11,723,963 | 19,648,300 |
| Vehicles | 964,180 | (36,666) | – | 927,514 | 595,723 | 163,243 | – | 758,967 | 168,547 | 368,457 |
Total |
538,863,671 | 74,913,979 | 275,103 | 613,502,547 | 336,582,316 | 112,914,787 | 269,102 | 449,228,002 | 164,274,545 | 202,281,355 |
Previous Year |
259,391,657 | 279,587,176 | 115,162 | 538,863,671 | 198,822,670 | 137,759,646 | – | 336,582,316 | 202,281,355 | |
Schedules to the Balance Sheet as at |
December 31, 2009 | December 31, 2008 |
| 3. SUNDRY DEBTORS | ||
| Debts outstanding for a period exceeding six months | ||
| Unsecured | ||
| Considered doubtful | 33,62,097 | 1,38,33,126 |
| Other debts | ||
| Unsecured | ||
| Considered good | 28,32,91,389 | 17,18,79,252 |
| 28,66,53,486 | 18,57,12,378 | |
| Less: Provision for doubtful debts | (33,63,615) | (59,23,064) |
| 28,32,89,871 | 17,97,89,314 | |
| 4. CASH AND BANK BALANCES | ||
| Cash on hand | 4,36,723 | 4,66,440 |
| Balances with non scheduled banks in foreign currency | ||
| In current accounts | 45,82,46,979 | 10,85,04,267 |
| 45,86,83,702 | 10,89,70,707 | |
| 5. LOANS AND ADVANCES | ||
| Advances | ||
| Prepaid expenses | 1,26,42,386 | 90,80,211 |
| For supply of goods and rendering of services | 3,30,345 | 3,30,600 |
| Others | 1,00,07,111 | 46,55,983 |
| 2,29,79,842 | 1,40,66,795 | |
| Unbilled revenues | 8,87,32,730 | 1,24,86,032 |
| Advance income tax | 24,31,612 | 18,43,986 |
| Loans and advances to employees | ||
| Salary advances | 75,12,407 | 9,58,863 |
| Electricity and other deposits | 3,16,229 | 16,88,671 |
| Rental deposits | 1,91,68,479 | 1,54,30,225 |
| 14,11,41,300 | 4,64,74,571 | |
| 6. CURRENT LIABILITIES | ||
| Sundry creditors | ||
| Capital | 37,16,742 | – |
| Goods and services | 20,11,19,967 | 16,75,55,459 |
| Accrued salaries and benefits | ||
| Bonus and incentives | 8,16,90,895 | 6,76,86,644 |
| For other liabilities | ||
| Provision for expenses | 2,52,90,611 | 5,10,37,651 |
| Retention monies | 5,66,219 | 25,36,523 |
| Withholding and other taxes payable | 21,12,978 | 57,87,236 |
| Others | 23,32,060 | 2,23,212 |
| 31,68,29,471 | 29,48,26,724 | |
| Unearned revenue | 91,13,277 | 9,89,77,525 |
| – | – | |
| 32,59,42,748 | 39,38,04,249 | |
| 7. PROVISIONS | ||
| Unavailed leave | 2,70,80,779 | 2,63,41,434 |
| 2,70,80,779 | 2,63,41,434 | |
| 8. RESERVES AND SURPLUS | ||
| Translation Difference | 6,66,29,680 | 5,92,46,597 |
| Balance in Profit and Loss Account | 77,32,80,938 | 61,03,82,050 |
| Add: (Profits)/Losses during the year | (40,32,67,408) | 16,28,98,888 |
| 37,00,13,529 | 77,32,80,938 | |
| 43,66,43,209 | 83,25,27,535 |