Infosys: Double Digit Growth for the Fourth Consecutive Quarter, Coupled With 1.2% Operating Margin Expansion in Q2 (3)

Infosys Limited and subsidiaries Audited Condensed Consolidated Balance Sheet as at (Dollars in millions except equity share data) September 30, 2019 March 31, 2019 --- ASSETS --- Current assets --- Cash and cash equivalents 2,324 2,829 --- Current investments 496 958 --- Trade receivables 2,265 2,144 --- Unbilled revenue 1,026 777 --- Prepayments and other current assets 761 827 --- Income tax assets 5 61 --- Derivative financial instruments 15 48 --- Total current assets 6,892 7,644 --- Non-current assets --- Property, plant and equipment 1,878 1,931 --- Right-of-use assets(B3) 552 - --- Goodwill 576 512 --- Intangible assets 191 100 --- Non-current investments 556 670 --- Deferred income tax assets 192 199 --- Income tax assets 904 914 --- Other non-current assets 280 282 --- Total non-current assets 5,129 4,608 --- Total assets 12,021 12,252 --- LIABILITIES AND EQUITY --- Current liabilities --- Trade payables 301 239 --- Lease liabilities(B3) 73 - --- Derivative financial instruments 5 2 --- Current income tax liabilities 216 227 --- Client deposits 2 4 --- Unearned revenue 382 406 --- Employee benefit obligations 258 234 --- Provisions 86 83 --- Other current liabilities 1,388 1,498 --- Total current liabilities 2,711 2,693 --- Non-current liabilities --- Lease liabilities(B3) 503 - --- Deferred income tax liabilities 99 98 --- Employee benefit obligations 6 6 --- Other non-current liabilities 113 55 --- Total liabilities 3,432 2,852 --- Equity --- Share capital- ?5 ($0.16) par value 4,800,000,000 (4,800,000,000) equity shares 332 339 authorized, issued and outstanding 4,239,482,666 (4,335,954,462) equity shares fully paid up, net of 18,929,512 (20,324,982) treasury shares as at September 30, 2019 (March 31, 2019) --- Share premium 295 277 --- Retained earnings 10,510 11,248 --- Cash flow hedge reserve 2 3 --- Other reserves 460 384 --- Capital redemption reserve 17 10 --- Other components of equity (3,079) (2,870) --- Total equity attributable to equity holders of the company 8,537 9,391 --- Non-controlling interests 52 9 --- Total equity 8,589 9,400 --- Total liabilities and equity 12,021 12,252 ---

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