Financial information presented in substantial compliance with the International Financial Reporting Standards (IFRS) – United Kingdom

Consolidated Balance Sheets (unaudited) as of March 31,

United Kingdom Pound Sterling (GBP) in millions except share data

	2011	2010
ASSETS
Current assets
Cash and cash equivalents	2,321	1,783
Available-for-sale financial assets	3	371
Investment in certificates of deposit	17	175
Trade receivables	648	514
Unbilled revenue	173	124
Derivative financial instruments	9	14
Prepayments and other assets	128	93
Total current assets	3,299	3,074
Non-current assets
Property, plant and equipment	675	653
Goodwill	115	121
Intangible assets	7	8
Available-for-sale financial assets	3	5
Deferred income tax assets	53	52
Income tax assets	139	98
Other non-current assets	63	50
Total non-current assets	1,055	987
Total assets	4,354	4,061
LIABILITIES AND EQUITY
Current liabilities
Trade payables	6	1
Current income tax liabilities	114	106
Client deposits	3	1
Unearned revenue	72	78
Employee benefit obligations	19	19
Provisions	12	12
Other current liabilities	280	251
Total current liabilities	506	468
Non-current liabilities
Deferred income tax liabilities	–	17
Employee benefit obligations	36	25
Other non-current liabilities	9	9
Total liabilities	551	519
Equity
Share capital – 5/- par value 600,000,000 equity shares authorized, issued and outstanding 571,317,959 and 570,991,592 as of March 31, 2011 and March 31, 2010, respectively	33	33
Share premium	464	459
Retained earnings	4,010	3,046
Other components of equity	(704)	4
Total equity attributable to equity holders of the Company	3,803	3,542
Total liabilities and equity	4,354	4,061

Consolidated statements of comprehensive income (unaudited) for the years ended March 31,

GBP in millions except share data

	2011	2010
Revenues	3,887	3,008
Cost of sales	2,250	1,721
Gross profit	1,637	1,287
Operating expenses
Selling and marketing expenses	214	157
Administrative expenses	279	215
Total operating expenses	493	372
Operating profit	1,144	915
Other income, net	172	131
Profit before income taxes	1,316	1,046
Income tax expense	352	223
Net profit	964	823
Other comprehensive income
Reversal of impairment loss on available-for-sale financial asset	–	1
Gain transferred to net profit on sale of available-for-sale financial asset	–	(1)
Fair value changes on available-for-sale financial asset , net of tax effect	(1)	4
Exchange differences on translating foreign operations	46	390
Total other comprehensive income	45	394
Total comprehensive income	1,009	1,217
Profit attributable to:
Owners of the company	964	823
Non-controlling interest	–	–
	964	823
Total comprehensive income attributable to:
Owners of the company	1,009	1,217
Non-controlling interest	–	–
	1,009	1,217
Earnings per equity share
Basic (GBP)	1.69	1.44
Diluted (GBP)	1.69	1.44
Weighted average equity shares used in computing earnings per equity share
Basic	571,180,050	570,475,923
Diluted	571,368,358	571,116,031

Notes :	1.	The functional currency of the Company is the Indian Rupee. These financial statements have been presented by translating revenue and expenditure at an average rate during the year; current assets, current liabilities, property, plant and equipment, long-term borrowings at the year-end rate; and accretions to stockholders’ equity at an average rate for the year. The difference arising on translation is shown under Other components of equity.
	2.	Exchange rates (1 GBP =)