The aggregate amounts incurred on expenses are as follows:
Year ended December 31, |
||
2009 | 2008 | |
Salaries and bonus including overseas staff expenses | 1,15,50,89,393 | 84,80,86,616 |
Contribution to provident and other funds | 6,72,848 | 6,97,958 |
Staff welfare | 2,93,25,662 | 1,79,74,137 |
Group health insurance | 20,38,960 | 55,49,040 |
Overseas travel expenses | 4,99,40,632 | 5,65,20,345 |
Visa charges and others | 1,24,13,039 | 49,13,479 |
Travel and conveyance | 2,42,50,665 | 1,02,66,549 |
Technical sub-contractors - others | 7,55,21,523 | 1,59,59,667 |
Software packages | ||
For own use | 62,31,606 | 47,70,725 |
Professional charges | 2,70,25,781 | 2,76,92,532 |
Telephone charges | 1,45,88,851 | 1,67,58,771 |
Communication expenses | 2,73,97,049 | 1,87,48,406 |
Power and fuel | 2,20,38,237 | 1,58,49,468 |
Office maintenance | 1,69,53,606 | 1,41,26,092 |
Guest house maintenance | 8,505 | 1,000 |
Commission charges | – | 245,969 |
Brand building | 1,98,241 | – |
Rent | 7,88,16,766 | 5,26,38,739 |
Insurance charges | 33,56,657 | 21,92,499 |
Computer maintenance | 1,69,40,438 | 28,65,269 |
Printing and stationery | 42,02,138 | 39,30,594 |
Consumables | 26,49,021 | 73,59,286 |
Donations | 13,680 | – |
Advertisements | 9,79,912 | 3,12,400 |
Marketing expenses | 16,94,736 | 24,64,582 |
Repairs to plant and machinery | 21,25,356 | – |
Rates and taxes | 12,59,108 | 4,86,692 |
Professional membership and seminar participation fees | 5,81,606 | 12,97,746 |
Postage and courier | 8,84,703 | 9,22,679 |
Books and periodicals | 34,961 | 74,311 |
Provision for bad and doubtful debts | (22,65,881) | 10,77,613 |
Provision for doubtful loans and advances | 5,28,909 | – |
Bank charges and commission | 6,04,235 | 3,44,426 |
Auditor's remuneration | ||
Statutory audit fees | 12,89,074 | 14,89,177 |
Miscellaneous expenses | (97,781) | 73,244 |
157,72,92,235 | 113,56,90,013 |
Particulars | As at December 31, |
|
2009 | 2008 | |
Estimated amount of unexecuted capital contracts | ||
(net of advances and deposits) | 29,04,041 | – |
Particulars | Year ended December 31, |
|
2009 | 2008 | |
Earnings in foreign currency (on receipts basis) | ||
Income from software services and products | 1,54,56,08,386 | 1,01,77,05,330 |
Expenditure in foreign currency (on payments basis) | ||
Travel expenses (including visa charges) | 1,08,94,369 | – |
Other expenditure incurred overseas for software development | – | 81,35,200 |
Net earnings in foreign currency | 1,53,47,14,017 | 1,00,95,70,130 |
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:
Year ended December 31, |
||
2009 | 2008 | |
Lease rentals recognized during the period | 7,88,16,766 | 5,26,38,739 |
Lease obligations payable: | As at December 31, |
|
2009 | 2008 | |
Within one year of the Balance Sheet date | 5,37,13,218 | 4,37,52,493 |
Due in a period between one year and five years | 1,38,80,541 | 4,18,61,543 |
Due after five years | – | – |
List of related parties:
Name of subsidiaries | Country | December 31, |
|
2009 | 2008 | ||
Infosys Technologies Limited | INDIA | 100% | 100% |
Infosys guarantees the performance of certain contracts entered into by its subsidiaries
Details of amounts due to or due from as at December 31, 2009 and December 31, 2008:
Particulars | As at December 31, |
|
2009 | 2008 | |
Loans and advances | ||
Infosys Technologies Limited | 47,33,08,117 | 49,44,72,799 |
Sundry debtors | ||
Infosys Technologies Limited | 24,33,19,094 | 7,60,87,860 |
Infosys Technologies (Australia) Pty Limited | 1,25,138 | |
Infosys Mexico | – | ,3,162 |
Infosys BPO Limited (including subsidiaries) | 36,66,535 | 19,84,415 |
Sundry creditors | ||
Infosys Technologies Limited | 26,12,25,904 | 10,68,45,720 |
Infosys Technologies (Australia) Pty Limited | 42,56,456 | 6,55,296 |
Infosys BPO Limited (including subsidiaries) | 72,47,135 | 53,42,194 |
Infosys Mexico | 1,07,527 | |
Deposit taken for shared services | ||
Infosys BPO Limited |
The details of the related party transactions entered into by the company for the year ended December 31, 2009 and December 31, 2008 are as follows:
Particulars | Year ended December 31, |
|
2009 | 2008 | |
Capital transactions: | ||
Financing transactions | ||
Infosys Technologies Limited | 20,22,75,983 | – |
Loans/Advances | ||
Infosys Technologies Limited | – | 7,37,19,962 |
Revenue transactions: | ||
Purchase of services | ||
Infosys Technologies Limited | 7,55,21,523 | 1,62,32,787 |
Interest expenses | ||
Infosys Technologies Limited | 2,90,48,968 | 2,70,70,568 |
Sale of services | ||
Infosys Technologies Limited | 116,82,12,804 | 81,49,46,307 |
Maximum balances of loans and advances | ||
Infosys Technologies Limited | 47,33,08,117 | 49,44,72,799 |