Profit and Loss account

For the year ended December 31,	Schedule	2010	2009
Income from software services, products and business process management		3,23,89,19,094	2,07,08,11,446
Software development and business process management expenses	10	2,21,49,51,036	1,30,65,03,449
GROSS PROFIT		1,02,39,68,058	76,43,07,997
Selling and marketing expenses	11	5,91,10,950	5,91,82,983
General and administration expenses	12	39,66,06,602	21,16,05,803
		45,57,17,552	27,07,88,786
OPERATING PROFIT BEFORE INTEREST AND DEPRECIATION		56,82,50,506	49,35,19,211
Interest		2,62,98,228	2,90,48,963
Depreciation		20,71,22,283	13,06,49,713
OPERATING PROFIT BEFORE TAX		33,48,29,995	33,38,20,536
Other income, net	13	4,57,76,284	6,94,46,873
NET PROFIT BEFORE TAX		38,06,06,279	40,32,67,408
Provision for taxation	14	(2,04,23,567)	–
NET PROFIT AFTER TAX		40,10,29,846	40,32,67,408
SIGNIFICANT ACCOUNTING POLICIES AND NOTES ON ACCOUNTS	15

Note : The schedules referred to above are an integral part of the Profit and Loss account.

For Shenoy & Kamath Chartered Accountants Firms Regn. No. 006673S	S. D. Shibulal Chairman	N. R. Narayana Murthy Director	T. V. Mohandas Pai Director
M. Rathnakar Kamath Membership No : 202841	Srinath Batni Director	Prasad Thrikutam Director	V. G. Dheeshjith Director
Bangalore January 7, 2011	Ashok Vemuri Director	V. R. Rangarajan Chief Executive Officerand Director