Schedules to the Financial Statements for the year ended March 31, 201
16.2. Notes on accounts
Amounts in the financial statements are presented in Indian rupees
The previous year figures have been regrouped / reclassified, wherever necessary, to conform to the current presentation.
16.2.1. Aggregate expenses
The aggregate amounts incurred on expenses are as follows :
in 
Year ended March 31, |
2011 |
2010 |
Salaries and bonus including overseas staff expenses |
4,46,29,25,368 |
3,00,40,94,261 |
Contribution to provident and other funds |
14,240 |
20,948 |
Staff welfare |
3,61,29,287 |
19,91,485 |
Group health insurance |
15,66,08,154 |
7,26,04,296 |
Overseas travel expenses |
60,82,47,787 |
40,60,66,663 |
Visa charges and others |
4,46,645 |
11,42,872 |
Travel and conveyance |
15,97,34,744 |
8,48,63,640 |
Technical sub-contractors – others |
1,41,05,20,750 |
68,64,30,440 |
Professional charges |
9,56,18,903 |
8,72,51,377 |
Telephone charges |
4,78,06,203 |
3,47,99,803 |
Communication expenses |
– |
1,03,971 |
Power and fuel |
1,31,284 |
72,384 |
Office maintenance |
27,29,009 |
20,44,147 |
Guest house maintenance |
1,980 |
5,967 |
Commission / Earnout charges |
(73,39,860) |
(1,34,12,180) |
Brand building |
11,60,742 |
15,28,155 |
Rent |
3,57,46,526 |
3,34,07,506 |
Insurance charges |
25,93,968 |
25,56,294 |
Printing and stationery |
39,19,389 |
25,32,107 |
Consumables |
21,42,122 |
14,37,724 |
Marketing expenses |
27,04,403 |
19,49,595 |
Rates and taxes |
1,04,79,571 |
1,13,37,220 |
Professional membership and seminar participation fees |
90,53,218 |
34,19,635 |
Postage and courier |
21,92,495 |
16,07,453 |
Books and periodicals |
25,84,647 |
25,17,704 |
Provision for bad and doubtful debts |
5,11,656 |
– |
Sales promotion expenses |
5,61,103 |
– |
Bank charges and commission |
1,03,561 |
5,65,691 |
Miscellaneous expenses |
1,90,42,935 |
72,20,006 |
7,06,63,70,832 |
3,07,87,89,341 |
16.2.2. Quantitative details
The Company is primarily engaged in business consultancy services. The production and sale of such services cannot be expressed in any generic unit. Hence, it is not possible to give the quantitative details of sales and certain information as required under paragraphs 3, 4C and 4D of part II of Schedule VI to the Companies Act, 1956.
16.2.3. Obligations on long-term, non-cancelable operating leases
in
Year ended March 31, |
2011 |
2010 |
Lease rentals recognized during the period |
3,57,46,526 |
3,34,07,506 |
16.2.4. Related party transactions
Details of amounts due to or due from as at March 31, 2011 and March 31, 2010 :
in
Particulars |
As at March 31, |
|
2011 |
2010 |
|
Sundry debtors |
||
Infosys Technologies Limited |
17,45,99,429 |
43,37,70,005 |
Infosys BPO Limited (including subsidiaries) |
36,38,322 |
– |
Infosys Consulting India Limited |
2,07,626 |
14,06,073 |
Sundry creditors |
||
Infosys Technologies Limited |
23,70,87,565 |
26,21,65,557 |
Infosys BPO Limited (including subsidiaries) |
3,699 |
– |
Infosys Consulting India Limited |
3,70,120 |
82,31,152 |
The details of the related party transactions entered into by the Company for the years ended March 31, 2011 and March 31, 2010 are as follows :
in
Particulars |
Year ended March 31, |
|
2011 |
2010 |
|
Capital transactions : |
||
Financing transactions |
||
Infosys Consulting India Limited – Investment |
1,00,00,000 |
1,00,00,000 |
Infosys Technologies Limited |
– |
49,89,00,000 |
Revenue transactions: |
||
Purchase of shared services including facilities and personnel |
||
Infosys Consulting India Limited |
3,07,83,270 |
9,05,77,956 |
Infosys Technologies Limited |
72,01,42,193 |
25,26,16,732 |
Infosys BPO Limited (including subsidiaries) |
99,41,301 |
3,81,52,915 |
Sale of services |
||
Infosys Technologies limited |
3,94,36,32,088 |
377,92,87,351 |
Infosys BPO Limited (including subsidiaries) |
7,56,21,223 |
1,31,85,540 |
Infosys Consulting India Limited |
6,74,377 |
– |
16.2.5. Transactions with key management personnel (1)
in
Particulars |
Year ended March 31, |
|
2011 |
2010 |
|
Whole-time directors |
||
Salary, Perquisites and Contribution to funds |
18,17,47,229 |
16,60,38,199 |
Total remuneration |
18,17,47,229 |
16,60,38,199 |
(1) Key management personnel comprise Directors
16.2.6. Income taxes
The details of the provision for income tax and deferred taxes are as follows :
in
Year ended March 31, |
2011 |
2010 |
Provision for income tax |
9,66,99,538 |
5,55,159 |
Deferred tax |
46,60,52,093 |
(85,77,47,316) |
56,27,51,631 |
(85,71,92,158) |
16.2.7. Cash and bank balances
The details of balances as on Balance Sheet dates with non-scheduled banks are as follows :
in
Balances with non-scheduled banks |
As at March 31, |
|
2011 |
2010 |
|
In current accounts |
||
HSBC Bank, U.K. |
27,27,79,899 |
1,37,29,261 |
Bank of America, U.S. |
74,38,28,923 |
11,16,03,849 |
1,01,66,08,822 |
12,53,33,110 |
|
The details of maximum balances during the period with non-scheduled banks are as follows :
in
Maximum balance with non-scheduled banks during the period |
Year ended March 31, |
|
2011 |
2010 |
|
In current accounts |
||
HSBC Bank, U.K. |
27,27,79,899 |
1,37,29,261 |
Bank of America, U.S. |
74,38,28,923 |
48,12,94,941 |
16.2.8. Details of Investments
in
Particulars |
As at March 31, |
|
2011 |
2010 |
|
Subsidiary – Infosys Consulting India Limited |
1,00,27,095 |
1,00,27,095 |