Consolidated Balance Sheets (unaudited) as of March 31,
Australian Dollar (AUD) in million
2011 |
2010 |
|
Assets |
||
Cash and cash equivalents |
3,615 |
2,943 |
Available-for-sale financial assets |
5 |
612 |
Investments in certificates of deposit |
26 |
289 |
Trade receivables |
1,009 |
849 |
Unbilled revenue |
270 |
204 |
Derivative financial instruments |
15 |
23 |
Prepayments and other assets |
199 |
156 |
Total current assets |
5,139 |
5,076 |
Property, plant and equipment |
1,050 |
1,079 |
Intangible assets |
190 |
213 |
Available-for-sale financial assets |
5 |
9 |
Deferred tax assets |
82 |
85 |
Income tax assets |
216 |
161 |
Other non-current assets |
99 |
84 |
Total non-current assets |
1,642 |
1,631 |
Total assets |
6,781 |
6,707 |
Liabilities |
||
Trade payables |
10 |
2 |
Derivative financial instruments |
– |
– |
Current tax payable |
177 |
176 |
Client deposits |
5 |
2 |
Unearned revenue |
112 |
129 |
Employee benefits |
30 |
32 |
Provisions |
19 |
20 |
Other current liabilities |
436 |
415 |
Total current liabilities |
789 |
776 |
Deferred tax liabilities |
– |
28 |
Employee benefits |
56 |
41 |
Other non-current liabilities |
14 |
14 |
Total non-current liabilities |
70 |
83 |
Total liabilities |
859 |
859 |
Net assets |
5,922 |
5,848 |
Equity |
||
Share capital – 600,000,000 equity shares authorized, issued and outstanding 571,317,959 and 570,991,592 as at March 31, 2011 and March 31, 2010, respectively (including share premium) |
844 |
836 |
Retained earnings |
6,619 |
5,030 |
Other components of equity |
(1,541) |
(18) |
Total equity attributable to equity holders of the Company |
5,922 |
5,848 |
Consolidated statements of comprehensive income (unaudited) for the years ended March 31,
Australian dollar (AUD) in million, except share data
2011 |
2010 |
|
Revenues |
6,405 |
5,654 |
Cost of sales |
3,708 |
3,235 |
Gross profit |
2,697 |
2,419 |
Operating expenses |
||
Selling and marketing expenses |
352 |
295 |
Administrative expenses |
459 |
405 |
Operating profit |
1,886 |
1,719 |
Other income, net |
283 |
246 |
Profit before income tax |
2,169 |
1,965 |
Income tax expense |
580 |
419 |
Net Profit |
1,589 |
1,546 |
Other Comprehensive income |
||
Reversal of impairment loss on available-for-sale financial asset |
– |
2 |
Gain transferred to net profit on sale of available-for-sale financial asset |
– |
(1) |
Fair value changes on available-for-sale financial asset, net of tax effect |
(2) |
7 |
Exchange differences on translating foreign operations |
76 |
793 |
Total other comprehensive income |
74 |
801 |
Total comprehensive income for the year |
1,663 |
2,347 |
Profit attributable to : |
||
Owners of the company |
1,589 |
1,546 |
Non-controlling interest |
– |
– |
Profit for the year |
1,589 |
1,546 |
Total comprehensive income attributable to: |
||
Owners of the company |
1,663 |
2,347 |
Non- controlling interest |
– |
– |
Total comprehensive income for the year |
1,663 |
2,347 |
Earnings per equity share |
||
Basic (AUD) |
2.78 |
2.71 |
Diluted (AUD) |
2.78 |
2.71 |
Weighted average number of shares used in computing earnings per equity share |
||
Basic |
571,180,050 |
570,475,923 |
Diluted |
571,368,358 |
571,116,031 |
Notes :1. | The functional currency of the Company is the Indian Rupee. These financial statements have been presented by translating revenue and expenditure at an average rate during the year; assets, liabilities, property, plant and equipment, long-term borrowings at the year-end rate; and accretions to stockholders’ equity at an average rate for the year. The difference arising on translation is shown under other components of equity. |
2. | Exchange rates (1 AUD =) |
in
2011 |
2010 |
|
Average rate |
42.95 |
40.30 |
Period end rate |
46.11 |
41.16 |
The financial information provided in this section is unaudited. Financial information presented in substantial compliance with the GAAP requirements of countries and IFRS may not meet all the regulatory requirements to be characterized as financial statements presented in explicit and unreserved compliance with such requirements. The statements on compliance or substantial compliance with corporate governance standards of various countries may not meet all the relevant regulatory requirements to be characterized as statements of explicit and unreserved compliance with corporate governance requirements. The financial information provided in this section does not contain sufficient information to allow full understanding of our results or our state of affairs. In the event of a conflict in interpretation, the ‘Audited Indian GAAP financial statements’ section and the ‘Corporate governance report’ section of the Annual Report should be considered. We caution investors that these reports are provided only as additional information to our global investors. Using such reports for predicting our future, or of any other company, is risky. We are not responsible for any direct, indirect or consequential losses suffered by any person using these corporate governance reports, financial statements or data.