in
As at December 31, |
2010 |
2009 |
|
1 |
SHARE CAPITAL |
||
Authorized |
|||
23,000,000 USD |
1,10,46,10,000 |
1,10,46,10,000 |
|
Issued, subscribed and paid up |
|||
23,000,000 USD |
1,06,34,07,042 |
65,77,00,983 |
|
1,06,34,07,042 |
65,77,00,983 |
||
3 |
DEFERRED TAX ASSETS |
||
Other Assets |
8,80,10,767 |
– |
|
8,80,10,767 |
– |
4 |
SUNDRY DEBTORS |
Debts outstanding for a period exceeding six months |
|||
Unsecured |
|||
Considered doubtful |
– |
33,62,097 |
|
Other debts |
|||
Unsecured |
|||
Considered good |
74,80,93,031 |
28,32,91,389 |
|
74,80,93,031 |
28,66,53,486 |
||
Less : Provision for doubtful debts |
– |
(33,63,615) |
|
74,80,93,031 |
28,32,89,871 |
||
5 |
CASH AND BANK BALANCES |
||
Cash on hand |
– |
4,36,723 |
|
Balances with non-scheduled banks in foreign currency(1) |
|||
In deposit accounts |
23,80,00,000 |
– |
|
In current accounts |
46,80,52,995 |
45,82,46,979 |
|
706,052,995 |
4586,83,702 |
||
(1)Refer to Note 15.2.6 for details of balances in non-scheduled banks |
6 |
LOANS AND ADVANCES |
|
Advances |
|||
Prepaid expenses |
3,61,66,406 |
1,26,42,386 |
|
For supply of goods and rendering of services |
4,67,817 |
3,30,345 |
|
Interest accrued but not due |
74,375 |
– |
|
Others |
1,21,04,104 |
1,00,07,111 |
|
4,88,12,702 |
2,29,79,842 |
||
Unbilled revenues |
3,80,83,022 |
8,87,32,730 |
|
Advance income tax |
24,27,635 |
24,31,612 |
|
Loans and advances to employees |
|||
Salary advances |
96,61,222 |
75,12,407 |
|
Electricity and other deposits |
6,39,200 |
3,16,229 |
|
Rental deposits |
5,51,38,921 |
1,91,68,479 |
|
15,47,62,702 |
14,11,41,300 |
||
Unsecured, considered doubtful |
|||
Loans and advances to employees |
80,920 |
– |
|
15,48,43,622 |
14,11,41,300 |
||
Less : Provision for doubtful loans and advances to employees |
(80,920) |
– |
|
15,47,62,702 |
14,11,41,300 |
||
7 |
CURRENT LIABILITIES |
||
Sundry creditors |
|||
Capital |
18,14,240 |
37,16,742 |
|
Goods and services |
52,14,02,471 |
20,11,19,967 |
|
Accrued salaries and benefits |
|||
Salaries |
22,83,654 |
– |
|
Bonus and incentives |
13,30,60,282 |
8,16,90,895 |
|
For other liabilities |
|||
Provision for expenses |
12,12,34,108 |
2,52,90,611 |
|
Retention monies |
97,87,490 |
5,66,219 |
|
Withholding and other taxes payable |
6,49,705 |
21,12,978 |
|
Others |
81,32,551 |
23,32,060 |
|
79,83,64,500 |
31,68,29,471 |
||
Advances received from clients |
15,76,20,260 |
– |
|
Unearned revenue |
3,57,58,752 |
91,13,277 |
|
19,33,79,012 |
91,13,277 |
||
99,17,43,512 |
32,59,42,748 |
||
8 |
PROVISIONS |
||
Provision for |
|||
Income taxes |
5,41,36,362 |
– |
|
Unavailed leave |
5,28,20,272 |
2,70,80,779 |
|
10,69,56,633 |
2,70,80,779 |
||
9 |
RESERVES AND SURPLUS |
||
Translation difference |
5,82,87,731 |
66,629,680 |
|
Balance in Profit and Loss account |
37,00,13,529 |
77,32,80,938 |
|
Add : (Profits) / Losses during the year |
(40,10,29,846) |
(40,32,67,409) |
|
(3,10,16,317) |
37,00,13,529 |
||
2,72,71,414 |
43,66,43,209 |
2 Fixed assets
in
Original cost |
Depreciation and amortization |
Net book value |
||||||||
As at Jan |
Additions / Adjustments |
Deletions / Retirement / Adjustments |
As at Dec |
As at Jan |
For the year |
Deletions / Adjustments |
As at Dec |
As at Dec |
As at Dec |
|
Leasehold improvement |
19,22,09,328 |
44,67,91,211 |
8,68,54,825 |
55,21,45,714 |
15,25,41,990 |
10,56,37,518 |
8,71,30,449 |
17,10,49,059 |
38,10,96,655 |
3,96,67,338 |
Plant and machinery |
5,51,95,968 |
13,44,48,979 |
22,70,729 |
18,73,74,217 |
2,21,44,034 |
1,81,83,263 |
19,19,627 |
3,84,07,670 |
14,89,66,547 |
3,30,51,934 |
Computer equipment |
32,56,20,627 |
8,86,02,024 |
2,34,68,590 |
39,07,54,061 |
24,59,57,865 |
7,38,94,655 |
2,39,65,593 |
29,58,86,927 |
9,48,67,134 |
7,96,62,763 |
Furniture and fittings |
3,95,49,109 |
4,26,63,708 |
52,23,584 |
7,69,89,234 |
2,78,25,146 |
92,40,366 |
47,76,374 |
3,22,89,138 |
4,47,00,096 |
1,17,23,963 |
Vehicles |
9,27,514 |
(4,074) |
– |
9,23,440 |
7,58,967 |
1,66,481 |
2,007 |
9,23,440 |
– |
1,68,547 |
Total |
61,35,02,547 |
71,25,01,847 |
11,78,17,728 |
1,20,81,86,666 |
44,92,28,002 |
20,71,22,283 |
11,77,94,050 |
53,85,56,234 |
66,96,30,432 |
16,42,74,545 |
Previous year |
53,88,63,671 |
7,49,13,979 |
2,75,103 |
61,35,02,547 |
33,65,82,316 |
13,06,49,713 |
1,80,04,027 |
44,92,28,002 |
16,42,74,545 |