Abridged financial statements

Statement containing salient features of Profit and Loss account as per Section 219 (1)(b)(iv) of the Companies Act, 1956

Abridged Profit and Loss account

For the year ended March 31,

in crore

	2011	2010
I. INCOME
Income from software services and products	25,385	21,140
Interest	1,068	743
Dividend	18	101
Other income / (loss)	61	66
TOTAL	26,532	22,050
II. EXPENDITURE
Software development expenses	3,196	2,317
Selling expenses	241	215
Salaries, wages and other employee benefits	12,448	10,340
Managerial remuneration	16	16
Depreciation and amortization	740	807
Auditors’ remuneration	1	1
Provision for doubtful debts	3	(1)
Provision for post-sales client support and warranties	5	(2)
Other expenses	1,061	885
TOTAL	17,711	14,578
III. PROFIT BEFORE TAX AND EXCEPTIONAL ITEM (I-II)	8,821	7,472
IV. PROVISION FOR TAXATION	2,378	1,717
V. PROFIT AFTER TAX BEFORE EXCEPTIONAL ITEM (III-IV)	6,443	5,755
Income from sale of investments, net of taxes	–	48
	6,443	5,803
VI. DIVIDEND ON EQUITY SHARES
Interim	574	573
30th year special dividend	1,722	–
Final dividend	1,149	861
Tax on dividend	568	240
VII. TRANSFER TO RESERVES / SURPLUS	2,430	4,129

As per our report attached

for B S R & Co.
Chartered Accountants

Firm’s registration number : 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