Financial information presented in substantial compliance with GAAP requirements of Canada

Consolidated Balance Sheets (unaudited) as of March 31,

Canadian dollars (CAD) in million, except share data

	2011	2010
Assets
Current Assets
Cash and cash equivalents	3,624	2,742
Investments in liquid mutual fund units	5	570
Investment in certificate of deposits	26	269
Trade accounts receivable	1,011	791
Unbilled revenue	271	190
Prepaid expenses and other current assets	214	167
Total current assets	5,151	4,729
Property, plant and equipment	1,053	1,005
Goodwill	179	186
Intangible assets, net	11	12
Investments in liquid mutual fund units	5	8
Deferred tax assets	82	79
Advance income taxes	216	150
Other assets	101	78
Total assets	6,798	6,247
Liabilities and stockholders’ equity
Current liabilities
Accounts payable	10	2
Income taxes payable	177	164
Client deposits	5	2
Unearned revenue	112	120
Other current liabilities	487	660
Total current liabilities	791	948
Non-current liabilities
Deferred income tax liabilities	–	26
Other non-current liabilities	70	52
Parent company stockholders’ equity
Common stock, 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 2010 respectively	73	73
Additional paid-in capital	681	705
Accumulated other comprehensive income	(279)	(397)
Retained earnings	5,462	4,840
Total parent company stockholder’s equity	5,937	5,221
Non-controlling interest	–	–
Total equity	5,937	5,221
Total liabilities and stockholders’ equity	6,798	6,247

Consolidated statement of earnings and retained earnings (unaudited) for the years ended March 31,

CAD in million, except share data

	2011	2010
Sales	6,144	5,232
Cost of sales	3,556	2,994
Gross margin	2,588	2,238
Expenses
Selling, general and administration expenses	778	648
Income from operations	1,810	1,590
Provision for investments	–	(1)
Interest and other income	272	215
Gain on sale of long term investment	–	12
Earnings before income taxes	2,082	1,818
Provision for income taxes	556	388
Net earnings before non-controlling interest	1,526	1,430
Non-controlling interest	–	–
Net earnings after non-controlling interest	1,526	1,430
Cash dividend declared	904	379
	622	1,051
Retained earnings, beginning of the year	4,840	3,778
Reserves on consolidation of trusts ⁽¹⁾	–	11
Retained earnings, end of the year	5,462	4,840
Earnings per share
Net earnings
Basic (CAD)	2.67	2.51
Fully diluted (CAD)	2.67	2.50
Weighted average number of shares
Basic	571,180,050	570,475,923
Fully diluted	571,368,358	571,116,031

⁽¹⁾ Effective fiscal 2010 treasury shares held by controlled trusts were consolidated

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 for the year; assets, 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 accumulated other comprehensive income.
	2.	Exchange rates (1 CAD =)