Statement Containing Salient Features of Profit and Loss account as per Section 219(1)(b)(iv) of the Companies Act, 1956
For the year ended March 31,
| 2010 | 2009 | |
| I. INCOME | ||
| Income from software services and products | 21,140 | 20,264 |
| Interest | 743 | 836 |
| Dividend | 101 | 2 |
| Other income / (loss) | 66 | (334) |
| TOTAL | 22,050 | 20,768 |
| II. EXPENDITURE | ||
| Software development expenses | 2,317 | 2,111 |
| Selling expenses | 215 | 247 |
| Salaries, wages and other employee benefits | 10,340 | 9,960 |
| Managerial remuneration | 16 | 15 |
| Depreciation and amortization | 807 | 694 |
| Auditor's remuneration | 1 | 1 |
| Provision for doubtful debts | (1) | 74 |
| Provision for post-sales client support and warranties | (2) | 39 |
| Other expenses | 885 | 913 |
| TOTAL | 14,578 | 14,054 |
| III. PROFIT BEFORE TAX AND EXCEPTIONAL ITEM (I–II) | 7,472 | 6,714 |
| IV. PROVISION FOR TAXATION | 1,717 | 895 |
| V. PROFIT AFTER TAX BEFORE EXCEPTIONAL ITEM (III–IV) | 5,755 | 5,819 |
| Income from sale of investments, net of taxes | 48 | – |
| 5,803 | 5,819 | |
| VI. DIVIDEND ON EQUITY SHARES | ||
| Interim | 573 | 572 |
| Final | 861 | 773 |
| Residual | – | 1 |
| Tax on dividend | 240 | 228 |
| VII. TRANSFER TO RESERVES / SURPLUS | 4,129 | 4,245 |
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 |