Financials & Filings

Indian GAAP | US GAAP

Indian GAAP - Q2 FY01

Infosys Technologies Limited

in Rs.
STATEMENT OF CASH FLOWS Quarter ended September 30, Half year ended September 30, Year ended March 31, 2000
2000199920001999
Cash flows from operations
Profit before tax171,76,22,57975,20,82,803306,77,41,328143,81,64,641325,64,85,819
Other Income(18,80,59,827)(8,16,96,895)(33,68,00,507)(21,71,95,024)(36,62,06,181)
Loss (profit) on sale of fixed assets8,720(4,16,230)53,829(4,63,777)(8,73,015)
Increase (decrease)in provision for contingencies ---3,33,00,000(6,66,00,000)
Increase (decrease) in provision for e-inventing the Company-3,50,00,000(39,00,977)3,50,00,00039,00,977
Depreciation, depletion and amortization24,23,67,54710,72,23,76941,97,39,26420,04,41,91853,23,27,389
Decrease (increase) in sundry debtors(14,65,76,914)(26,71,34,722)(106,87,87,493)(48,95,21,379)(51,65,92,828)
Decrease (increase) in loans and advances(5,07,48,178)(8,30,09,030)(13,17,94,697)(17,73,97,884)(41,49,70,588)
Increase (decrease) in current liabilities and provisions34,84,56,3924,17,59,02076,19,16,17617,70,67,85442,26,37,450
Income taxes paid(23,58,99,316)(10,92,26,480)(32,25,31,791)(13,84,37,481)(35,53,53,877)
Net cash from operations68,71,71,00339,45,82,235238,56,35,13286,09,58,868249,47,55,146
Cash flows from financing
Proceeds from conversion of options--10,01,506-1,76,25,277
Expenses relating to issue of American Depositary Shares-(3,26,400)-(2,05,30,090)(2,35,06,514)
Expenses relating to issue of ADS linked stock options----(1,01,93,113)
Dividends paid (including dividend tax)--(22,02,44,213)(8,91,36,007)(19,92,57,109)
Net cash used for financing-(3,26,400)(21,92,42,707)(10,96,66,097)(21,53,31,459)
Cash flows from investing
Income from investments9,12,38,4066,52,40,57216,58,03,10611,94,36,32326,68,79,106
Proceeds of sale of fixed assets1,87,0234,20,4482,37,7615,71,70910,20,400
Purchase of fixed assets (114,01,44,667)(38,55,70,016)(199,85,14,640)(59,76,16,481)(159,87,03,617)
Other long-term investments(9,56,09,608)-(22,96,18,268)-(13,08,00,000)
Net cash used for investing(114,43,28,846)(31,99,08,996)(206,20,92,041)(47,76,08,449)(146,16,04,111)
Effect of exchange differences on translation of foreign currency deposit maintained abroad9,68,21,4211,64,56,32317,09,97,4019,77,58,7019,93,27,075
Total increase (decrease) in cash and cash equivalents during the period63,96,63,5789,08,03,16227,52,97,78537,14,43,02391,71,46,651
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD471,93,71,802444,72,30,805508,37,37,595416,65,90,944416,65,90,944
CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD535,90,35,380453,80,33,967535,90,35,380453,80,33,967508,37,37,595

Note: During the half year ended September 30, 2000, the Company transferred intellectual property rights in Onscan - a web focussed wireless-enabled notification product, to Onscan Inc., USA, a company incubated by Infosys as part of its ongoing effort to encourage and promote entrepreneurs amongst its employees. The product was transferred for a gross consideration of Rs. 8.93 crore (US$ 2 million) received as equity, preferred voting and preferred non-voting securities in Onscan Inc. and accordingly, is not considered in this statement of cash flows.

This is the Cash Flow Statement referred to in our report of even date.

for Bharat S Raut & Co.
Chartered Accountants
Balaji Swaminathan
Partner
N. R. Narayana Murthy
Chairman and
Chief Executive Officer
Nandan M. Nilekani
Managing Director, President and
Chief Operating Officer
Deepak M. Satwalekar
Director
Prof. Marti G. Subrahmanyam
Director
S. Gopalakrishnan
Deputy Managing Director
K. Dinesh

Director
S. D. Shibulal
Director
Place: Bangalore
Date: October 10, 2000
T. V. Mohandas Pai
Director and
Chief Financial Officer
Phaneesh Murthy
Director
Srinath Batni
Director
V. Viswanathan
Company Secretary