Financial statements as per IFRS

Infosys Technologies Limited and subsidiaries

Consolidated statements of comprehensive income

in crore, except share data

	Note	Year ended March 31,
	Note	2011	2010
Revenues		27,501	22,742
Cost of sales		15,916	13,020
Gross profit		11,585	9,722
Operating expenses
Selling and marketing expenses		1,512	1,184
Administrative expenses		1,971	1,628
Total operating expenses		3,483	2,812
Operating profit		8,102	6,910
Other income, net	2.14	1,211	990
Profit before income taxes		9,313	7,900
Income tax expense	2.17	2,490	1,681
Net profit		6,823	6,219
Other comprehensive income
Reversal of impairment loss on available-for-sale financial asset		–	9
Gain transferred to net profit on sale of available-for-sale financial asset		–	(5)
Fair value changes on available-for-sale financial asset, net of tax effect (refer note 2.2 and 2.17)		(12)	26
Exchange differences on translating foreign operations		49	50
Total other comprehensive income		37	80
Total comprehensive income		6,860	6,299
Profit attributable to
Owners of the Company		6,823	6,219
Non-controlling interest		–	–
		6,823	6,219
Total comprehensive income attributable to
Owners of the Company		6,860	6,299
Non-controlling interest		–	–
		6,860	6,299
Earnings per equity share
Basic ()		119.45	109.02
Diluted ()		119.41	108.90
Weighted average equity shares used in computing earnings per equity share	2.18
Basic		57,11,80,050	57,04,75,923
Diluted		57,13,68,358	57,11,16,031

Note : The accompanying notes form an integral part of the consolidated financial statements.

As per our report attached
for B S R & Co.
Chartered Accountants
Firm Reg No : 101248W

Natrajh Ramakrishna 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	Dr. Omkar Goswami Director	Sridar A. Iyengar Director	David L. Boyles Director
	Prof. Jeffrey S. Lehman Director	K. V. Kamath Director	R. Seshasayee Director	K. Dinesh Director
Bangalore April 15, 2011	T. V. Mohandas Pai Director	Srinath Batni Director	V. Balakrishnan Chief Financial Officer	K. Parvatheesam Company Secretary