Consolidated Balance Sheets (unaudited) as of March 31,
United Kingdom Pound Sterling (GBP) in millions except share data
2011 |
2010 |
|
ASSETS |
||
Current assets |
||
Cash and cash equivalents |
2,321 |
1,783 |
Available-for-sale financial assets |
3 |
371 |
Investment in certificates of deposit |
17 |
175 |
Trade receivables |
648 |
514 |
Unbilled revenue |
173 |
124 |
Derivative financial instruments |
9 |
14 |
Prepayments and other assets |
128 |
93 |
Total current assets |
3,299 |
3,074 |
Non-current assets |
||
Property, plant and equipment |
675 |
653 |
Goodwill |
115 |
121 |
Intangible assets |
7 |
8 |
Available-for-sale financial assets |
3 |
5 |
Deferred income tax assets |
53 |
52 |
Income tax assets |
139 |
98 |
Other non-current assets |
63 |
50 |
Total non-current assets |
1,055 |
987 |
Total assets |
4,354 |
4,061 |
LIABILITIES AND EQUITY |
||
Current liabilities |
||
Trade payables |
6 |
1 |
Current income tax liabilities |
114 |
106 |
Client deposits |
3 |
1 |
Unearned revenue |
72 |
78 |
Employee benefit obligations |
19 |
19 |
Provisions |
12 |
12 |
Other current liabilities |
280 |
251 |
Total current liabilities |
506 |
468 |
Non-current liabilities |
||
Deferred income tax liabilities |
– |
17 |
Employee benefit obligations |
36 |
25 |
Other non-current liabilities |
9 |
9 |
Total liabilities |
551 |
519 |
Equity |
||
Share capital – 5/- par value 600,000,000 equity shares authorized, issued and outstanding 571,317,959 and 570,991,592 as of March 31, 2011 and March 31, 2010, respectively |
33 |
33 |
Share premium |
464 |
459 |
Retained earnings |
4,010 |
3,046 |
Other components of equity |
(704) |
4 |
Total equity attributable to equity holders of the Company |
3,803 |
3,542 |
Total liabilities and equity |
4,354 |
4,061 |
Consolidated statements of comprehensive income (unaudited) for the years ended March 31,
GBP in millions except share data
2011 |
2010 |
|
Revenues |
3,887 |
3,008 |
Cost of sales |
2,250 |
1,721 |
Gross profit |
1,637 |
1,287 |
Operating expenses |
||
Selling and marketing expenses |
214 |
157 |
Administrative expenses |
279 |
215 |
Total operating expenses |
493 |
372 |
Operating profit |
1,144 |
915 |
Other income, net |
172 |
131 |
Profit before income taxes |
1,316 |
1,046 |
Income tax expense |
352 |
223 |
Net profit |
964 |
823 |
Other comprehensive income |
||
Reversal of impairment loss on available-for-sale financial asset |
– |
1 |
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 |
(1) |
4 |
Exchange differences on translating foreign operations |
46 |
390 |
Total other comprehensive income |
45 |
394 |
Total comprehensive income |
1,009 |
1,217 |
Profit attributable to: |
||
Owners of the company |
964 |
823 |
Non-controlling interest |
– |
– |
964 |
823 |
|
Total comprehensive income attributable to: |
||
Owners of the company |
1,009 |
1,217 |
Non-controlling interest |
– |
– |
1,009 |
1,217 |
|
Earnings per equity share |
||
Basic (GBP) |
1.69 |
1.44 |
Diluted (GBP) |
1.69 |
1.44 |
Weighted average equity 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; current assets, current 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 GBP =) |
in
2011 |
2010 |
|
Average rate |
70.77 |
75.74 |
Period end rate |
71.80 |
67.96 |