Directors' report

Schedules to the consolidated Balance Sheet

in crore, except as otherwise stated

As at March 31,		2011	2010
1	SHARE CAPITAL
	Authorized
	Equity shares, 5/- par value
	60,00,00,000 (60,00,00,000) equity shares	300	300
	Issued, subscribed and paid up
	Equity shares,5/- par value⁽¹⁾	287	287
	57,41,51,559 (57,38,25,192) equity shares fully paid up
	Less : 28,33,600 (28,33,600) shares held by Controlled Trusts	1	1
		286	286
	[Of the above, 53,53,35,478 (53,53,35,478) equity shares, fully paid up have been issued as bonus shares by capitalization of the general reserve]
		286	286

Notes :	Forfeited shares amounted to 1,500/- (1,500/-)
	⁽¹⁾	For details of options in respect of equity shares, refer to note 24.2.7 and also refer to note 24.2.16 for details of basic and diluted shares.

in crore, except as otherwise stated

As at March 31,		2011	2010
2	RESERVES AND SURPLUS
	Capital reserve	54	6
	Add : Transfer from Profit and Loss account (refer to note 24.2.22)	–	48
		54	54
	Foreign currency translation reserve	101	47
	Share premium account – As at April 1,	3,027	2,925
	Add : Share premium arising on consolidation of controlled trusts	–	4
	Receipts on exercise of employee stock options	24	88
	Income tax benefit arising from exercise of stock options	11	10
		3,062	3,027
	General reserve – As at April 1,	5,264	4,484
	Add : Transfer from Profit and Loss account	1,245	780
		6,509	5,264
	Balance in Profit and Loss account	15,964	14,324
	Add : Corpus of the controlled trusts	–	47
		15,964	14,371
		25,690	22,763

3 FIXED ASSETS

in crore, except as otherwise stated

Particulars	Original cost				Depreciation and amortization				Net book value
Particulars	As at April 1, 2010	Additions / Adjustments	Deletions / Retirement / Adjustments	As at March 31, 2011	As at April 1, 2010	For the year	Deletions / Adjustments	As at March 31, 2011	As at March 31, 2011	As at March 31, 2010
Goodwill	916	–	–	916	–	–	–	–	916	916
Land : Freehold	178	229	–	407	–	–	–	–	407	178
Leasehold	149	–	3	146	–	–	–	–	146	149
Buildings⁽¹⁾	3,300	326	–	3,626	745	233	–	978	2,648	2,555
Plant and machinery⁽²⁾	1,263	169	146	1,286	648	238	147	739	547	615
Computer equipment⁽²⁾	1,251	294	214	1,331	1,046	236	213	1,069	262	205
Furniture and fixtures⁽²⁾	710	78	113	675	403	124	112	415	260	307
Leasehold improvements	55	48	8	95	37	22	9	50	45	18
Vehicles	5	2	–	7	2	1	–	3	4	3
Intellectual property right	12	–	–	12	12	–	–	12	–	–
	7,839	1,146	484	8,501	2,893	854	481	3,266	5,235	4,946
Previous year	7,093	1,175	429	7,839	2,416	905	428	2,893	4,946

Notes :	^⁽¹⁾	Buildings include 250/- being the value of 5 shares of 50/- each in Mittal Towers Premises Co-operative Society Limited.
	^⁽²⁾	During the years ended March 31, 2011 and March 31, 2010, certain assets which were old and not in use having gross book value of 488 crore and 387 crore respectively, (net book value nil) were retired.

As at March 31,		2011	2010
4	INVESTMENT⁽¹⁾
	Long-term investments – at cost
	Trade (unquoted)
	Other investments	6	7
	Less : Provision made for investments	2	3
		4	4
	Current investments – at the lower of cost and fair value
	Non-trade (unquoted)
	Liquid mutual fund units	21	2,518
	Certificates of deposit	119	1,180
		140	3,698
		144	3,702
	Aggregate amount of unquoted investments	144	3,702
	⁽¹⁾Refer to note 24.2.11
5	DEFERRED TAXES
	Deferred tax assets
	Fixed assets	253	217
	Sundry debtors	20	28
	Others	224	187
		497	432
	Deferred tax liabilities
	Branch profit tax	176	232
		176	232
6	SUNDRY DEBTORS
	Debts outstanding for a period exceeding six months
	Unsecured
	Considered good	–	–
	Considered doubtful	67	81
	Other debts
	Unsecured
	Considered good⁽¹⁾	4,653	3,494
	Considered doubtful	19	21
		4,739	3,596
	Less : Provision for doubtful debts	86	102
		4,653	3,494
	⁽¹⁾Includes dues from companies where our directors are interested	2	11
7	CASH AND BANK BALANCES⁽¹⁾
	Cash on hand	–	–
	Balances with scheduled banks ⁽²⁾
	In current accounts⁽³⁾	225	175
	In deposit accounts	13,610	9,092
	Balances with non-scheduled banks
	In deposit accounts	708	336
	In current accounts	552	953
		15,095	10,556
	⁽¹⁾Refer to note 24.2.20 for details of balances with scheduled and non-scheduled banks
	⁽²⁾Includes balance held by controlled trusts (refer to note 24.2.21.b)	89	48
	⁽³⁾Includes balance in unclaimed dividend account (refer to note 24.2.21.a)	3	2
8	LOANS AND ADVANCES
	Unsecured, considered good
	Advances
	Prepaid expenses	67	39
	For supply of goods and rendering of services	36	19
	Withholding and other taxes receivable	548	343
	Others	24	30
		675	431
	Unbilled revenues	1,243	841
	Advance income taxes	993	667
	MAT credit entitlement (refer to note 24.2.8)	63	42
	Interest accrued and not due	25	19
	Loans and advances to employees
	Housing and other loans	47	38
	Salary advances	94	73
	Electricity and other deposits	63	63
	Rental deposits	43	36
	Deposits with financial institutions (refer to note 24.2.9)⁽¹⁾	2,008	1,892
	Mark-to-market gain on forward and options contracts	66	95
		5,320	4,197
	Unsecured, considered doubtful
	Loans and advances to employees	3	3
		5,323	4,200
	Less : Provision for doubtful loans and advances to employees	3	3
		5,320	4,197
	⁽¹⁾Includes balance held by controlled trusts (refer to note 24.2.21.b)	86	21
9	CURRENT LIABILITIES
	Sundry creditors
	Goods and services	44	10
	Accrued salaries and benefits
	Salaries	83	55
	Bonus and incentives	649	594
	For other liabilities
	Provision for expenses	791	645
	Retention monies	26	72
	Withholding and other taxes payable	329	250
	Payable for acquisition of business	65	68
	Gratuity obligation – unamortized amount	22	26
	Others	6	8
		2,015	1,728
	Advances received from clients	22	8
	Payable by controlled trusts	119	74
	Unearned revenue	518	531
	Unclaimed dividend⁽¹⁾	3	2
		2,677	2,343
	⁽¹⁾Refer to note 24.2.21.a
10	PROVISIONS
	Proposed dividend	1,149	861
	Provision for
	Tax on dividend	187	143
	Income taxes⁽¹⁾	817	724
	Unavailed leave	399	302
	Post-sales client support and warranties⁽²⁾	88	82
		2,640	2,112
	⁽¹⁾Refer to note 24.2.8
	⁽²⁾Refer to note 24.2.17