The aggregate amounts incurred on expenses are as follows:
| Particulars | Year ended March 31, |
|
| 2010 | 2009 | |
| Salaries and bonus including overseas staff expenses | 4,99,65,21,907 | 3,97,29,26,603 |
| Contribution to provident and other funds | 19,85,359 | 14,96,886 |
| Staff welfare | 1,86,48,523 | 2,45,01,504 |
| Group health insurance | 1,35,83,725 | 1,36,79,927 |
| Overseas travel expenses | 17,27,50,379 | 17,56,67,706 |
| Visa charges and others | 1,32,55,294 | 1,49,07,006 |
| Travel and conveyance | 4,71,45,974 | 6,35,75,931 |
| Technical sub-contractors - subsidiaries | 48,43,38,149 | 14,14,71,055 |
| Software packages | ||
| For own use | 7,83,19,925 | 1,53,25,937 |
| Professional charges | 10,45,27,122 | 8,95,33,240 |
| Telephone charges | 4,99,65,21,907 | 3,97,29,26,603 |
| Particulars | Year ended March 31, |
|
| 2010 | 2009 | |
| Communication expenses | 1,39,56,509 | 35,06,272 |
| Power and fuel | 71,07,887 | 75,14,897 |
| Office maintenance | 4,37,90,607 | 3,96,00,369 |
| Guest house maintenance | 93,800 | 97,819 |
| Commission charges | ||
| Brand building | 28,33,329 | 3,92,900 |
| Rent | 12,56,62,138 | 11,34,84,761 |
| Insurance charges | 42,06,883 | 44,93,874 |
| Computer maintenance | 51,45,173 | 22,64,090 |
| Printing and stationery | 57,45,719 | 66,78,130 |
| Consumables | 1,39,80,399 | 88,36,663 |
| Donations | 40,36,152 | 6,59,788 |
| Advertisements | 10,63,941 | 6,53,887 |
| Marketing expenses | 2,84,90,957 | 2,86,51,801 |
| Repairs to building | 1,85,971 | 1,13,958 |
| Repairs to plant and machinery | 24,27,774 | 11,40,419 |
| Rates and taxes | 72,06,236 | 65,75,920 |
| Professional membership and seminar participation fees | 54,37,780 | 46,87,372 |
| Postage and courier | 33,03,749 | 31,48,659 |
| Provision for post-sales client support and warranties | – | (30,86,044) |
| Books and periodicals | 11,92,889 | 14,60,362 |
| Provision for bad and doubtful debts | 3,91,776 | 9,37,650 |
| Provision for doubtful loans and advances | 37,934 | – |
| Sales promotion expenses | 4,86,228 | 12,38,933 |
| Freight charges | 13,61,615 | 10,36,789 |
| Bank charges and commission | 7,29,718 | 20,57,876 |
| Auditor's remuneration | ||
| Statutory audit fees | 31,77,726 | 29,31,766 |
| Others | 9,082 | – |
| Out-of-pocket expenses | 15,271 | 1,426 |
| Research grants | 85,62,228 | 79,84,237 |
| Miscellaneous expenses | 63,936 | 37,43,094 |
| 6,35,99,60,290 | 4,88,85,01,296 | |
As at March 31 , |
||
2010 |
2009 |
|
| Commitments for minimum lease payments in relation to non-cancellable operating leases contracted at the reporting date but not recognized as liabilities, are payable as follows: | ||
| Within one year | 15,17,38,727 | 9,71,44,576 |
| Later than one year but not later than five years | 49,09,28,372 | 36,40,90,763 |
| Later than five years | 38,01,09,935 | 41,21,43,847 |
| Commitments not recognized in the financial statements | 1,02,27,77,034 | 87,33,79,186 |
The Company leases property under non-cancellable operating leases expiring from two to ten years. Leases generally provide the company with a right of renewal at which terms are renegotiated. Lease payments comprise a base amount plus an incremental contingent rental. Contingent rentals are based on either operating criteria or movements in the Consumer Price Index. The lease payments will be increased at a fixed percentage after five years.
| Particulars | As at March 31, |
|
| 2010 | 2009 | |
| Estimated amount of unexecuted capital contracts | 96,42,559 | – |
| (net of advances and deposits) | ||
NAME OF THE BANK |
Balance as on March 31, 2010 |
| a) NATIONAL AUSTRALIA BANK | 34,91,11,128 |
| b) CITI BANK | 1,93,48,210 |
| c) NATIONAL AUSTRALIA BANK | 3,11,58,12,000 |
| Total | 3,48,42,71,338 |
Year ended March 31, |
||
| 2010 | 2009 | |
| Depreciation charged during the year | 15,71,39,041 | 5,37,95,856 |
Periodically, the Company evaluates all customer dues to the Company for collectability. The need for provisions is assessed based on various factors including collectability of specific dues, risk perceptions of the industry in which the customer operates, general economic factors, which could affect the customer’s ability to settle. The Company normally provides for debtor dues outstanding for 180 days or longer as at the Balance Sheet date. As at March 31, 2010 the company has provided for doubtful debts of Rs. 1387546 (Rs. 1425968 as at March 31, 2009) on dues from certain customers although the outstanding amounts were less than 180 days old, since the amounts were considered doubtful of recovery. The company pursues the recovery of the dues, in part or full.