(In Rs. crore)
| |
Note |
2010 |
2009 |
| Operating activities: |
|
|
|
| Net profit |
|
6,219 |
5,975 |
| Adjustments to reconcile net profit to net cash provided by operating activities: |
|
|
|
| Depreciation and amortization |
2.5 and 2.6 |
942 |
767 |
| Share based compensation |
2.16 |
1 |
7 |
| Income tax expense |
2.17 |
1,681 |
919 |
| Income on investments |
|
(169) |
(12) |
| Profit on sale of property, plant and equipment |
|
(2) |
– |
| Other non cash item |
|
2 |
– |
| Changes in working capital |
|
|
|
| Trade receivables |
|
193 |
(375) |
| Prepayments and other assets |
|
(233) |
49 |
| Unbilled revenue |
|
(92) |
(268) |
| Trade payables |
|
(17) |
(22) |
| Client deposits |
|
3 |
(1) |
| Unearned revenue |
|
199 |
45 |
| Other liabilities and provisions |
|
(83) |
396 |
| Cash generated from operations |
|
8,644 |
7,480 |
| Income taxes paid |
2.17 |
(1,754) |
(902) |
| Net cash provided by operating activities |
|
6,890 |
6,578 |
| Investing activities: |
|
|
|
| Payment for acquisition of business, net of cash acquired |
2.3 |
(173) |
(16) |
| Expenditure on property, plant and equipment |
2.5 |
(674) |
(1,326) |
| Proceeds on sale of property, plant and equipment |
|
2 |
– |
| Loans to employees |
|
7 |
(1) |
| Non-current deposits placed with corporation |
|
(28) |
(92) |
| Income on investments |
|
106 |
12 |
| Proceeds from sale of available-for-sale financial asset |
|
53 |
– |
| Investment in certificates of deposit |
|
(1,180) |
(193) |
| Redemption of certificates of deposit |
|
– |
193 |
| Investment in available-for-sale financial assets |
|
(9,901) |
(867) |
| Redemption of available-for-sale financial assets |
|
7,383 |
939 |
| Net cash used in investing activities |
|
(4,405) |
(1,351) |
| Financing activities: |
|
|
|
| Proceeds from issuance of common stock on exercise of employee stock options |
|
89 |
64 |
| Payment of dividends (including corporate dividend tax) |
|
(1,569) |
(2,494) |
| Net cash used in financing activities |
|
(1,480) |
(2,430) |
| Effect of exchange rate changes on cash and cash equivalents |
|
63 |
(39) |
| Net increase in cash and cash equivalents |
|
1,005 |
2,797 |
| Cash and cash equivalents at the beginning |
2.1 |
10,993 |
8,235 |
| Opening balance of cash and cash equivalents of controlled trusts |
|
50 |
– |
| Cash and cash equivalents at the end |
2.1 |
12,111 |
10,993 |
| Supplementary information: |
|
|
|
| Restricted cash balance |
2.1 |
71 |
2 |