Profit and Loss account

For the year ended March 31,

in Rs. crore, except per share data

	Schedule	2010	2009
Income from software services and products		21,140	20,264
Software development expenses	11	11,559	11,145
GROSS PROFIT		9,581	9,119
Selling and marketing expenses	12	974	933
General and administration expenses	13	1,247	1,280
		2,221	2,213
OPERATING PROFIT BEFORE DEPRECIATION		7,360	6,906
Depreciation		807	694
OPERATING PROFIT		6,553	6,212
Other income, net	14	910	504
Provision for investments		(9)	2
NET PROFIT BEFORE TAX AND EXCEPTIONAL ITEM		7,472	6,714
Provision for taxation (refer to Note 23.2.11)	15	1,717	895
NET PROFIT AFTER TAX BEFORE EXCEPTIONAL ITEM		5,755	5,819
Income on sale of investments, net of taxes (refer to Note 23.2.26)		48	–
NET PROFIT AFTER TAX AND EXCEPTIONAL ITEM		5,803	5,819
Balance brought forward		10,305	6,642
Less : Residual dividend paid		–	1
Dividend tax on the above		–	–
		10,305	6,641
AMOUNT AVAILABLE FOR APPROPRIATION		16,108	12,460
Dividend
Interim		573	572
Final		861	773
Total dividend		1,434	1,345
Dividend tax		240	228
Amount transferred to general reserve		580	582
Amount transferred to capital reserve		48	–
Balance in Profit and Loss account		13,806	10,305
		16,108	12,460
EARNINGS PER SHARE
Equity shares of par value Rs. 5/- each
Before exceptional item
Basic		100.37	101.65
Diluted		100.26	101.48
After exceptional item
Basic		101.22	101.65
Diluted		101.10	101.48
Number of shares used in computing earnings per share⁽¹⁾
Basic		57,33,09,523	57,24,90,211
Diluted		57,39,49,631	57,34,63,181
SIGNIFICANT ACCOUNTING POLICIES AND NOTES ON ACCOUNTS	23

Notes : The schedules referred to above are an integral part of the Profit and Loss account.
⁽¹⁾ Refer to Note 23.2.19

As per our report attached.
for B S R & Co.
Chartered Accountants

Natrajan Ramkrishna Partner Membership no. : 32815	N. R. Narayana Murthy Chairman and Chief Mentor	S. Gopalakrishnan Chief Executive Officer and Managing Director	S. D. Shibulal Chief Operating Officer and Director	Deepak M. Satwalekar Director

	Prof. Marti G. Subrahmanyam Director	Claude Smadja Director	Dr. Omkar Goswami Director	Rama Bijapurkar Director

	Sridar A. Iyengar Director	David L. Boyles Director	Prof. Jeffrey S. Lehman Director	K. V. Kamath Director

	K. Dinesh Director	T. V. Mohandas Pai Director	Srinath Batni Director	V. Balakrishnan Chief Financial Officer

Bangalore April 13, 2010	K. Parvatheesam Company Secretary