X

Investors

Reports & Filings

Indian GAAP | US GAAP

Infosys Technologies Limited

in Rs.
STATEMENT OF CASH FLOWS Quarter ended



September 30,
Half year ended



September 30,
Year ended



March 31, 2000
2000 1999 2000 1999
Cash flows from operations
Profit before tax 171,76,22,579 75,20,82,803 306,77,41,328 143,81,64,641 325,64,85,819
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 assets 8,720 (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) 3,50,00,000 39,00,977
Depreciation, depletion and amortization 24,23,67,547 10,72,23,769 41,97,39,264 20,04,41,918 53,23,27,389
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 provisions 34,84,56,392 4,17,59,020 76,19,16,176 17,70,67,854 42,26,37,450
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 operations 68,71,71,003 39,45,82,235 238,56,35,132 86,09,58,868 249,47,55,146
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 investments 9,12,38,406 6,52,40,572 16,58,03,106 11,94,36,323 26,68,79,106
Proceeds of sale of fixed assets 1,87,023 4,20,448 2,37,761 5,71,709 10,20,400
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 abroad 9,68,21,421 1,64,56,323 17,09,97,401 9,77,58,701 9,93,27,075
Total increase (decrease) in cash and cash equivalents during the period 63,96,63,578 9,08,03,162 27,52,97,785 37,14,43,023 91,71,46,651
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD 471,93,71,802 444,72,30,805 508,37,37,595 416,65,90,944 416,65,90,944
CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD 535,90,35,380 453,80,33,967 535,90,35,380 453,80,33,967 508,37,37,595

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

Share the page

  • Tweet
  • Share on Facebook
  • Share on LinkedIn
  • Google+