Schedules to the Financial Statements for the period ended March 31, 2010

15.2.1. Aggregate expenses

The aggregate amounts incurred on expenses are as follows :

  Period ended March 31,
Salaries and bonus including overseas staff expenses 5,75,01,128
Contribution to provident and other funds 74,33,096
Staff welfare 9,72,439
Overseas group health insurance 7,952
Overseas travel expenses 72,42,313
Visa charges and others 53,883
Travel and conveyance 19,49,125
Software packages  
For own use 4,888
Professional charges 2,36,303
Technical subcontractors 17,00,000
Telephone charges 8,13,378
Office maintenance 5,407
Guest house maintenance 1,000
Rent 27,62,892
Printing and stationery 1,423
Consumables 1,26,877
Marketing expenses 779
Rates and taxes 3,54,450
Professional membership and seminar participation fees 5,405
Postage and courier 5,037
Books and periodicals 19,075
Bank charges and commission (835)
Auditor's remuneration  
Statutory audit fees 4,50,000
Miscellaneous expenses 17,540

15.2.2. Capital commitments and contingent liabilities

In Rs.
Particulars As at March 31,
Estimated amount of unexecuted capital contracts  
(net of advances and deposits) 21,55,200
Outstanding guarantees and counter guarantees to various banks, in respect of the guarantees given by those banks in favor of various government authorities and others 50,000

15.2.3. Quantitative details

The Company is primarily engaged in the development of computer software. The production and sale of such software cannot be expressed in any generic unit. Hence, it is not possible to give the quantitative details of sales and certain information as required under paragraphs 3, 4C and 4D of part II of Schedule VI to the Companies Act, 1956.

15.2.4. Activity in foreign currency

In Rs.
Particulars Year ended March 31,
Earnings in foreign currency (on receipts basis)  
Income from software services and products 9,05,77,956
Expenditure in foreign currency (on payments basis) 42,91,180
Net earnings in foreign currency 8,62,86,776

15.2.5. Obligations on long-term, non-cancelable operating leases

The lease rentals charged during the period and maximum obligations on long-term, non-cancelable operating leases payable as per the rentals stated in the respective agreements are as follows:

In Rs.
  Year ended March 31,
Lease rentals recognized during the period 27,62,892


In Rs.
Lease obligations payable: As at March 31,
Within one year of the balance sheet date 55,25,784
Due in a period between one year and five years 27,62,892
Due after five years

15.2.6. Related party transactions

List of related parties:

Name of related parties Country
Infosys BPO Limited India
Infosys Technologies (Australia) Pty Limited Australia
Infosys Technologies (China) Co. Ltd China
Infosys BPO s. r. o Czech Republic
Infosys BPO (Poland) Sp Z.o.o Poland
Infosys BPO (Thailand) Limited Thailand
Mainstream Software Pty Limited Australia
Infosys Technologies (Sweden) AB Sweden
Infosys Tecnologia DO Brasil LTDA Brazil
Infosys Consulting Inc USA
Infosys Technologies S. de R. L. de C. V. Mexico
Infosys Technologies Limited India
Infosys Public Services Inc USA
McCamish Systems LLC USA


Details of amounts due to or due from as at March 31, 2010:

In Rs.
Particulars As at March 31,
Loans and advances  
Sundry debtors
Infosys Technologies Limited 1,01,97,771
Infosys Technologies (China) Co. Ltd 1,41,149
Infosys Consulting Inc 82,31,152
Sundry creditors
Infosys Technologies Limited 17,67,597
Infosys Technologies (China) Co. Ltd 3,33,591
Infosys Consulting Inc 14,06,073
Infosys BPO Limited 23,891
Rental Deposit given
Infosys Technologies Limited 14,00,000


The details of the related party transactions entered into by the company for the year ended March 31, 2010 are as follows:

In Rs.
Particulars   Year ended
March 31,
 Purchase of fixed assets  
 Infosys Technologies Limited 43,56,215
Purchase of shared services including facilities and personnel
Infosys Technologies Limited 27,62,892
Infosys BPO Limited (including subsidiaries) 17,00,000
Sale of services
Infosys Consulting Inc 9,05,77,956