Infosys Technologies

Balance Sheet(2009-2000) - Infosys Technologies *All numbers are in INR and in x10M

Inventories Sundry Debtors Cash and Bank Loans and Advances Total Current Assets Gross Block Less:Accumulated Depreciation Less:Impairment of Assets Net Block Lease Adjustment Capital Work in Progress Investments Miscellaneous Expenses not written off Deferred Tax Assets Total Asset Current Liabilities Provisions Total Current Liabilities Deferred Tax Liabilities Secured Loans Unsecured Loans Total Debt Share Capital Reserves Total Equity Share Warrants Equity Application Money Total Shareholders Funds Total Liablity Check Integrity* *It checks asset and liability mismatch if any

200903 (12) 200803 (12) 0 0 3390 3093 9039 6429 3164 2705 15593 12227 5986 4508 2187 1837 0 0 3799 2671 0 0 615 1260 1005 964 0 0 139 99 21151 17221 1126 1095 2179 2636 3305 3731 37 0 0 0 0 0 0 0 286 286 17523 13204 0 0 0 0 17809 13490 21151 17221 0 0

200703 (12) 200603 0 2292 5470 1199 8961 3889 1739 0 2150 0 957 839 0 79 12986 881 943 1824 0 0 0 0 286 10876 0 0 11162 12986 0

(12) 200503 (12)200403 (12) 200303 (12) 200203 (12) 0 0 0 0 0 1518 1253 632.51 512.14 336.73 3279 1481 1638.01 1336.23 772.22 1252 996 693.22 872.78 643.87 6049 3730 2963.74 2721.15 1752.82 2837 2183 1570.23 1273.31 960.6 1275 1006 803.41 577.15 393.03 0 0 0 0 0 1562 1177 766.82 696.16 567.57 0 0 0 0 0 571 318 203.48 76.56 150.67 876 1329 1027.38 33.2 44.44 0 0 0 0 0 56 34 35.63 36.81 24.22 9114 6588 4997.05 3563.88 2539.72 642 461 501.03 259.14 109.73 1575 885 1242.59 444.09 349.68 2217 1346 1743.62 703.23 459.41 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 138 135 33.32 33.12 33.09 6759 5107 3220.11 2827.53 2047.22 0 0 0 0 0 0 0 0 0 0 6897 5242 3253.43 2860.65 2080.31 9114 6588 4997.05 3563.88 2539.72 0 0 0 0 0

200103 (12) 200003 (12) 0 0 302.37 136.18 385.06 431.79 430.28 210.13 1117.71 778.1 631.14 284.03 244.13 133.65 0 0 387.01 150.38 0 0 170.65 56.96 34.12 13.83 0 0 0 0 1709.49 999.27 117.21 67.16 202.64 98.81 319.85 165.97 0 0 0 0 0 0 0 0 33.08 33.08 1356.56 800.22 0 0 0 0 1389.64 833.3 1709.49 999.27 0 0

Income Statement (2009-2000) - Infosys Technologies *All numbers are in INR and in x10M

200903 (12)200803 (12) INCOME : Operating Income Excise Duty Net Operating Income Other Income Stock Adjustments

20264 0 20264 874 0

15648 0 15648 683 0

Total Income

21138

16331

0 1576.19 9944.48 125 1546.59 510.74 0

0 1295.37 7791 106 1363.09 111.54 0

13703

10667

7435 2 7433 694 6739 898 25 -3 5819 0.14 5818.86

5664 1 5663 546 5117 650 17 -20 4470 0.14 4469.86

-1 6642 2155 10305

0 4844 2672 6642

1345 0 470

1902 0 665

97.74

72.5

EXPENDITURE : Cost of Traded Software Packages Operating Expenses Employee Cost Power/Electricity Charges Selling and Administration Exp. Miscellaneous Expenses Less : Pre-operative Expenses Capitalised Total Expenditure Operating Profit Interest Gross Profit Depreciation Profit Before Tax Tax Fringe Benefit tax Deferred Tax Reported Net Profit Extraordinary Items Adjusted Net Profit Adjustment below Net Profit P & L Balance brought forward Appropriations P & L Balance carried down Dividend Preference Dividend Equity Dividend % Earnings Per Share-Unit Curr

Earnings Per Share(Adj)-Unit Curr Book Value-Unit Curr

97.74 311.35

72.5 235.84

200703 (12)200603 (12) 200503 (12)200403 (12) 200303 (12)200203 (12)200103 (12) 200003 (12) 13149 0 13149 381 0

9028 0 9028 227 0

6860 0 6860 172 0

4760.89 0 4760.89 127.39 0

3622.69 0 3622.69 105.86 0

2603.59 0 2603.59 66.41 0

1900.57 0 1900.57 64.86 0

882.33 0 882.33 46.71 0

13530

9255

7032

4888.28

3728.55

2670

1965.43

929.04

0 1163.4 6293 88 1298.6 65 0

0 717.46 4257 62 967.03 105.51 0

0 527 3177 40 721.48 68.52 0

0 256.19 2362.64 28.72 496.26 42.35 0

0 194.5 1671 22.6 456.81 35.01 0

0 89.77 1114.58 18.96 313.72 28.22 0

0 78.87 715.17 11.79 298.76 45.84 0

0 35.23 333.57 5.01 154.11 14.25 0

8908

6109

4534

3186.16

2379.92

1565.25

1150.43

542.17

4622 1 4621 469 4152 375 17 -23 3783 6.11 3776.89

3146 1 3145 409 2736 325 12 -22 2421 0 2421

2498 1 2497 268 2229 327 0 -2 1904 45 1859

1702.12 0.75 1701.37 230.9 1470.47 225.82 0 1.18 1243.47 0.03 1243.44

1348.63 0.75 1347.88 188.95 1158.93 213.59 0 -12.59 957.93 0 957.93

1104.75 0.71 1104.04 160.65 943.39 143.19 0 -7.76 807.96 0 807.96

815 0.59 814.41 112.89 701.52 72.71 0 0 628.81 4.93 623.88

386.87 0.42 386.45 53.23 333.22 39.7 0 0 293.52 7.65 285.87

-1 2195 1133 4844

0 1428 1654 2195

-4.51 70.51 542 1428

0 0 1172.96 70.51

0 0 957.93 0

0 0 807.96 0

0 0 628.81 0

0 0 293.52 0

649 0 230

1238 0 900

310 0 230

862.46 0 2590

178.81 0 540

132.36 0 400

66.15 0 200

29.77 0 90

64.35

81.41

68.96

170.01

142.76

121.32

93.73

43.87

64.35 195.14

40.71 249.89

34.48 194.15

21.25 488.21

17.85 431.86

15.16 314.34

11.72 210.04

5.48 125.95

00003 (12)

Cash Flow Statement (2009-2000) - Infosys Technologies *All numbers are in INR and in x10M

200903 Cash Flow Summary Cash and Cash Equivalents at Beginning of the year Net Cash from Operating Activities Cash Flow From Operating Activities Net Profit before Tax & Extraordinary Items Adjustment For Depreciation Interest (Net) Dividend Received P/L on Sales of Assets P/L on Sales of Invest Prov. & W/O (Net) P/L in Forex Fin. Lease & Rental Chrgs Others Total Adjustments (PBT & Extraordinary Items) Op. Profit before Working Capital Changes Adjustment For Trade & 0th receivables Inventories Trade Payables Loans & Advances Investments Net Stock on Hire Leased Assets Net of Sale Trade Bill(s) Purchased Change in Borrowing Change in Deposits Others Total (OP before Working Capital Changes) Cash Generated from/(used in) Operations Interest Paid(Net) Direct Taxes Paid Advance Tax Paid Others Total-others Cash Flow before Extraordinary Items Extraordinary Items Excess Depreciation W/b Premium on Lease of land Payment Towards VRS Prior Year 's Taxation

7689 5225 6714 694 -838 0 0 0 0 -73 0 0 -217 6497 -297 0 304 -512 0 0 0 0 0 0 0 -505 5992 0 -840 0 0 -840 5152 0 0 0 0

Gain on Forex Exch. Tran Others Net Cash Used in Investing Activities Cash Flow from Investing Activities Investment in Assets : Purchased of Fixed Assets Sale of Fixed Assets capital WIP Capital Subsidy Recd Financial/Capital Investment : Purchase of Investments Sale of Investments Investment Income Interest Received Dividend Received Invest.In Subsidiaires Loans to Subsidiaires Investment in Group Cos Issue of Sh. on Acqu. of Cos Canc. of Invest. in Cos Acq. Acquisition of Companies Inter Corporate Deposits Others Net Cash Used in Financing Activities Cash Flow From Financing Activities Proceeds: Proceeds from Issue of shares (incl share premium) Proceed from Issue of Debentures Proceed from 0ther Long Term Borrowings Proceed from Bank Borrowings Proceed from Short Tem Borrowings Proceed from Deposits Share Application Money Cash/Capital Investment Subsidy Loans from a Corporate Body Payments: Share Application Money Refund On Redemption of Debenture Of the Long Tem Borrowings Of the short term Borrowings Of financial Liabilities Dividend Paid Shelter Assistance Reserve Interest Paid Others

73 0 -195

-1177 0 0 0 0 0 0 1023 0 -41 0 0 0 0 0 0 0 -2430

64 0 0 0 0 0 0 0 0 0 0 0 0 0 -2132 0 0 -362

Net Cash Used in Financing Activities Net Inc/(Dec) in Cash and Cash Equivalent Cash and Cash Equivalents at End of the year

-2430 2600 10289

200803

200703

200603

200503

200403

200303

200203

200103

5610 3834

3754 3263

1683 2316

1840 1363

1638.51 1627.38

1026.96 916.93

577.74 834.22

508.37 560.49

5100

4129

2724

2184

1470.47

1158.93

943.39

696.03

546 -654 0 0 0 0 -18 0 0 -126 4974

469 -298 0 0 -11 2 4 0 0 166 4295

409 -203 0 0 0 0 -7 0 0 199 2923

268 -109 0 1 0 0 -4 0 0 156 2340

230.9 -100.28 0 -0.04 0 9.67 6.59 0 0 146.84 1617.31

188.95 -78.05 0 0 0 23.77 -0.97 0 0 133.7 1292.63

160.65 -51.23 0 -0.09 0 0 -13.26 0 -139.96 -43.89 899.5

112.89 -38.47 0 -0.09 0 15.29 -20.17 0 -85.18 -15.73 680.3

-801 0 312 -186 0 0 0 0 0 0 0 -675 4299 0 -483 0 0 -483 3816

-774 0 347 -180 0 0 0 0 0 0 0 -607 3688 0 -421 0 0 -421 3267

-265 0 221 -94 0 0 0 0 0 0 0 -138 2785 0 -476 0 0 -476 2309

-621 0 33 -110 0 0 0 0 0 0 0 -698 1642 0 -283 0 0 -283 1359

-120.37 0 245.5 -1.34 0 0 0 0 0 0 0 123.79 1741.1 0 -107.13 0 0 -107.13 1633.97

-175.41 0 158.46 -127.63 0 0 0 0 0 0 0 -144.58 1148.05 0 -232.09 0 0 -232.09 915.96

-34.36 0 -5.16 -39.02 0 0 0 0 0 0 0 -78.54 820.96 0 0 0 0 0 820.96

-166.19 0 60.93 -34.72 0 0 0 0 0 0 0 -139.98 540.32 0 0 0 0 0 540.32

0 0 0 0

0 0 0 0

0 0 0 0

0 0 0 0

0 0 0 0

0 0 0 0

0 0 0 0

0 0 0 0

18 0 -978

-4 0 -1091

7 0 -392

4 0 -940

-6.59 0 -1332.01

0.97 0 -153.41

13.26 0 -280.23

20.17 0 -451.3

-1370 0 0 0

-1443 0 0 0

-1048 0 0 0

-794 1 0 0

-429.87 1.43 0 0

-219.26 0.33 0 0

-322.74 1.6 0 0

-463.35 0.23 0 0

0 0 0 519 0 -127 0 0 0 0 0 0 0 -777

0 701 0 272 0 -635 0 0 0 0 0 0 14 -316

0 0 484 203 0 -31 0 0 0 0 0 0 0 172

-238 0 45 109 0 -63 0 0 0 0 0 0 0 -580

-920.36 0 0 100.28 0 -83.49 0 0 0 0 0 0 0 -94.48

-12.53 0 0 78.05 0 0 0 0 0 0 0 0 0 -151.97

-10.32 0 0 51.23 0 0 0 0 0 0 0 0 0 -104.77

-26.65 0 0 38.47 0 0 0 0 0 0 0 0 0 -39.82

58 0 0 0 0 0 0 0 0

1216 0 0 0 0 0 0 0 0

574 0 0 0 0 0 0 0 0

441 0 0 0 0 0 0 0 0

122.27 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0

0 0 0 0 0 -714 0 0 -121

0 0 0 0 0 -1343 0 0 -189

0 0 0 0 0 -352 0 0 -50

0 0 0 0 0 -903 0 0 -118

0 0 0 0 0 -192.14 0 0 -24.61

0 0 0 0 0 -165.49 0 0 13.52

0 0 0 0 0 -109.37 0 0 4.6

0 0 0 0 0 -42.2 0 0 2.38

-777 2079 7689

-316 1856 5610

172 2096 3779

-580 -157 1683

-94.48 200.89 1839.4

-151.97 611.55 1638.51

-104.77 449.22 1026.96

-39.82 69.37 577.74

200003 416.66 259.41 325.65 53.23 0 0 0 0 0 0 0 -36.71 16.52 342.17 -58.3 0 42.65 -41.5 0 0 0 0 0 0 0 -57.15 285.02 0 -35.54 0 0 -35.54 249.48 0 0 0 0

9.93 0 -146.16

-159.87 0.1 0 0 -13.08 0 26.69 0 0 0 0 0 0 0 0 0 0 -21.54

1.76 0 0 0 0 0 0 0 0 0 0 0 0 0 -19.93 0 0 -3.37

-21.54 91.71 508.37

Infosys Technologoies Key Ratios Debt-Equity Ratio Long Term Debt-Equity Ratio Current Ratio Turnover Ratios Fixed Assets Inventory Debtors Interest Cover Ratio Profitability Ratio PBIDTM (%) PBITM (%) PBDTM (%) CPM (%) APATM (%) Return on Capital Ratio ROCE (%) RONW (%)

200903

200803

200703

200603

0 0 3.97

0 0 3.85

0 0 3.75

0 0 2.77

3.86 0 6.25 3370.5

3.73 0 5.81 5118

3.91 0 6.9 4153

3.6 0 6.52 2737

36.69 33.27 36.68 32.14 28.72

36.2 32.71 36.19 32.06 28.57

35.15 31.58 35.14 32.34 28.77

34.85 30.32 34.84 31.35 26.82

43.07 37.18

41.52 36.26

45.99 41.9

45.09 39.89

200503

200403

200303

200203

200103

200003

0 0 2.19

0 0 2.35

0 0 3.9

0 0 3.71

0 0 3.9

0 0 5.32

3.66 0 7.28 2230

3.35 0 8.32 1961.63

3.24 0 8.54 1546.24

3.27 0 8.15 1329.72

4.15 0 8.67 1190.02

3.9 0 8 794.38

36.41 32.51 36.4 31.66 27.76

35.75 30.9 35.74 30.97 26.12

37.23 32.01 37.21 31.66 26.44

42.43 36.26 42.4 37.2 31.03

42.88 36.94 42.85 39.03 33.09

43.85 37.81 43.8 39.3 33.27

52.5 44.82

48.13 40.68

46.94 38.78

54.42 46.57

63.17 56.57

47.4 41.7

Balance Sheet(2009-2000) - Infosys Technologies *All numbers are in INR and in x10M

200903

200803

SOURCES OF FUNDS : Share Capital Reserves Total Equity Share Warrants Equity Application Money Total Shareholders Funds Secured Loans Unsecured Loans Total Debt

286 17523 0 0 17809 0 0 0

286 13204 0 0 13490 0 0 0

Total Liabilities

17809

13490

APPLICATION OF FUNDS : Gross Block Less:Accumulated Depreciation Less:Impairment of Assets Net Block Lease Adjustment Capital Work in Progress Investments Current Assets, Loans & Advances Inventories Sundry Debtors Cash and Bank Loans and Advances Total Current Assets Less : Current Liabilities and Provisions Current Liabilities Provisions Total Current Liabilities Net Current Assets Miscellaneous Expenses not written off Deferred Tax Assets Deferred Tax Liabilities Net Deferred Tax

5986 2187 0 3799 0 615 1005

4508 1837 0 2671 0 1260 964

0 3390 9039 3164 15593

0 3093 6429 2705 12227

1126 2179 3305 12288 0 139 37 102

1095 2636 3731 8496 0 99 0 99

Total Assets

17809

13490

2370 3 3 0

2661 3 2 0

Contingent Liabilities Claims not acknowledged as debt Guarantees undertaken Letter of Credit

Bills Discounted Disputed Sales Tax Disputed Income Tax Disputed Excise Duty Other Disputed Claims Uncalled Liability on Shares Others Estimated Capital Contracts Remaining

0 0 0 0 0 0 2364

0 0 0 0 0 0 2656

344

600

200703

200603

200503

200403

200303

200203

200103

200003

286 10876 0 0 11162 0 0 0

138 6759 0 0 6897 0 0 0

135 5107 0 0 5242 0 0 0

33.32 3220.11 0 0 3253.43 0 0 0

33.12 2827.53 0 0 2860.65 0 0 0

33.09 2047.22 0 0 2080.31 0 0 0

33.08 1356.56 0 0 1389.64 0 0 0

33.08 800.22 0 0 833.3 0 0 0

11162

6897

5242

3253.43

2860.65

2080.31

1389.64

833.3

3889 1739 0 2150 0 957 839

2837 1275 0 1562 0 571 876

2183 1006 0 1177 0 318 1329

1570.23 803.41 0 766.82 0 203.48 1027.38

1273.31 577.15 0 696.16 0 76.56 33.2

960.6 393.03 0 567.57 0 150.67 44.44

631.14 244.13 0 387.01 0 170.65 34.12

284.03 133.65 0 150.38 0 56.96 13.83

0 2292 5470 1199 8961

0 1518 3279 1252 6049

0 1253 1481 996 3730

0 632.51 1638.01 693.22 2963.74

0 512.14 1336.23 872.78 2721.15

0 336.73 772.22 643.87 1752.82

0 302.37 385.06 430.28 1117.71

0 136.18 431.79 210.13 778.1

881 943 1824 7137 0 79 0 79

642 1575 2217 3832 0 56 0 56

461 885 1346 2384 0 34 0 34

501.03 1242.59 1743.62 1220.12 0 35.63 0 35.63

259.14 444.09 703.23 2017.92 0 36.81 0 36.81

109.73 349.68 459.41 1293.41 0 24.22 0 24.22

117.21 202.64 319.85 797.86 0 0 0 0

67.16 98.81 165.97 612.13 0 0 0 0

11162

6897

5242

3253.43

2860.65

2080.31

1389.64

833.3

1945 15 2 0

1434 14 2 0

1568 16 13 0

659.69 4.53 11.23 0

449.03 15.17 7.99 0

29.8 3.77 16.27 0

100.04 0.09 6.83 0

5.59 0.33 5.26 0

0 0 0 0 0 0 1928

0 0 0 0 0 0 1418

0 0 0 0 0 0 1539

0 0 0 0 0 0 643.93

0 0 0 0 0 0 425.87

0 0 0 0 0 0 9.76

0 0 0 0 0 0 93.12

0 0 0 0 0 0 0

655

509

273

192.49

86.49

63.53

158.25

0