The aggregate amounts incurred on expenses are as follows :
| Period ended March 31, | |
| 2010 | |
| 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 |
| 8,16,63,555 |
| Particulars | As at March 31, |
| 2010 | |
| 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 |
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.
| Particulars | Year ended March 31, |
| 2010 | |
| 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 |
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:
| Year ended March 31, | |
| 2010 | |
| Lease rentals recognized during the period | 27,62,892 |
| Lease obligations payable: | As at March 31, |
| 2010 | |
| 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 | – |
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:
| Particulars | As at March 31, |
| 2010 | |
| 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:
| Particulars | Year ended March 31, |
| 2010 | |
| 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 |