Schedules to the Balance Sheet as at | December 31, 2009 | |
1 | SHARE CAPITAL | |
Authorized Capital | ||
4,000 Shares of 100 SEK par value | 26,12,000 | |
26,12,000 | ||
Issued, subscribed and paid up | ||
1,000 (Nil) Shares of 100 SEK par value, fully paid | 6,53,000 | |
6,53,000 | ||
2 | RESERVES AND SURPLUS | |
Translation difference | (33,969) | |
Balance in Profit and Loss account | 24,23,940 | |
23,89,971 | ||
3 | SUNDRY DEBTORS | |
Unsecured | ||
Considered good | 67,71,383 | |
67,71,383 | ||
Less: Provision for doubtful debts | – | |
67,71,383 | ||
4 | CASH AND BANK BALANCES | |
Balances with non-scheduled banks in foreign currency | ||
In current accounts | 1,50,60,890 | |
1,50,60,890 | ||
5 | LOANS AND ADVANCES | |
Advances | ||
Prepaid expenses | 4,31,963 | |
Advance income tax | 2,42,446 | |
Rental deposits | 63,258 | |
7,37,667 | ||
6 | CURRENT LIABILITIES | |
Sundry creditors | ||
Goods and services | 5,74,023 | |
Accrued salaries and benefits | ||
Salaries | 3 | |
Bonus and incentives | 56,41,040 | |
For other liabilities | ||
Provision for expenses | 67,75,793 | |
Withholding and other taxes payable | 51,48,995 | |
– | ||
1,81,39,854 | ||
7 | PROVISIONS | |
Provision for | ||
Income taxes | 9,29,186 | |
Unavailed leave | 4,57,929 | |
13,87,115 |
Schedules to Profit and Loss account for the | Period ended December 31, |
|
2009 | ||
8 | SOFTWARE DEVELOPMENT EXPENSES | |
Salaries and bonus including overseas staff expenses | 6,47,51,317 | |
Overseas group health insurance | 21,10,974 | |
Overseas travel expenses | 1,09,420 | |
Rent | 2,70,181 | |
6,72,41,892 | ||
9 | GENERAL AND ADMINISTRATION EXPENSES | |
Telephone charges | 1,31,713 | |
Professional charges | 48,70,601 | |
Insurance charges | 5,154 | |
Professional membership and seminar participation fees | 15,819 | |
Postage and courier | 1,047 | |
Bank charges and commission | 86,703 | |
Auditor’s remuneration | ||
Statutory audit fees | 1,72,025 | |
Miscellaneous expenses | 70,027 | |
53,53,089 | ||
10 | OTHER INCOME, NET | |
Exchange gains / (losses) | (2,10,137) | |
(2,10,137) | ||
11 | PROVISION FOR TAXATION | |
Income taxes | 9,47,585 | |
9,47,585 |