The aggregate amounts incurred on expenses are as follows:
| Period ended December 31, |
|
| 2009 | |
| Salaries and bonus including overseas staff expenses | 1,94,76,284 |
| Contribution to provident and other funds | 47,864 |
| Staff welfare | 3,49,062 |
| Overseas travel expenses | 83,94,031 |
| Visa charges and others | 14,968 |
| Travel and conveyance | 1,34,000 |
| Technical sub-contractors – others | 1,16,69,981 |
| Software packages | |
| For own use | 1,64,300 |
| Professional charges | 84,04,591 |
| Telephone charges | 8,82,781 |
| Power and fuel | 70,133 |
| Office maintenance | 35,40,333 |
| Rent | 81,72,802 |
| Computer maintenance | 10,75,148 |
| Printing and stationery | 3,56,252 |
| Consumables | 21,863 |
| Marketing expenses | 1,41,744 |
| Repairs to plant and machinery | 2,25,250 |
| Rates and taxes | 3,74,822 |
| Postage and courier | 16,253 |
| Bank charges and commission | 4,61,885 |
| Miscellaneous expenses | 1,34,610 |
| 6,41,28,957 |
Particulars |
As at December 31, |
| 2009 | |
| Estimated amount of unexecuted capital contracts | |
| (net of advances and deposits) | 1,56,05,150 |
The Company is primarily engaged in the development and maintenance of computer software. The production and sale of such software cannot be expressed in any generic unit. Hence, it is not possible to give the quantitative details of sales and certain information as required under paragraphs 3, 4C and 4D of part II of Schedule VI to the Companies Act, 1956.
The lease rentals charged during the period and maximum obligations on long-term, non-cancelable operating leases payable as per the rentals stated in the respective agreements are as follows:
| Period ended December 31, |
|
| 2009 | |
| Lease rentals recognized during the period | 77,73,822 |
Lease obligations payable: |
As at December 31, |
| 2009 | |
| Within one year of the Balance Sheet date | 1,36,61,190 |
| Due in a period between one year and five years | 2,73,22,380 |
| Due after five years | – |
The operating lease arrangements extend up to a maximum of ten years from their respective dates of inception and relates to rented overseas premises. Some of the lease agreements have a price escalation clause.