June 30, 2017 March 31, 2017 ASSETS Current assets Cash and cash equivalents 3,579 3,489 Current investments 1,609 1,538 Trade receivables 1,934 1,900 Unbilled revenue 611 562 Prepayments and other current assets 822 749 Derivative financial instruments 4 44 Total current assets 8,559 8,282 Non-current assets Property, plant and equipment 1,834 1,807 Goodwill 573 563 Intangible assets 113 120 Investment in associate - 11 Non-current investments 937 984 Deferred income tax assets 104 83 Income tax assets 941 881 Other non-current assets 117 123 Total Non-current assets 4,619 4,572 Total assets 13,178 12,854 LIABILITIES AND EQUITY Current liabilities Trade payables 40 57 Derivative financial instruments 7 - Current income tax liabilities 703 599 Client deposits 2 5 Unearned revenue 309 274 Employee benefit obligations 220 209 Provisions 63 63 Other current liabilities 1,178 954 Total current liabilities 2,522 2,161 Non-current liabilities Deferred income tax liabilities 29 32 Other non-current liabilities 18 24 Total liabilities 2,569 2,217 Equity Share capital- `5 ($0.16) par value 2,400,000, 14 Jul. (2,400,000,000) - equity shares authorized, issued and outstanding 2,285,679,962 (2,285,655,150), net of 11,264,702 (11,289,514) treasury shares as of June 30, 2017 (March 31, 2017), respectively 199 199 Share premium 594 587 Retained earnings 12,050 12,190 Cash flow hedge reserve (4) 6 Other reserves 51 - Other components of equity (2,281) (2,345) Total equity attributable to equity holders of the company 10,609 10,637 Non-controlling interests - - Total equity 10,609 10,637 Total liabilities and equity 13,178 12,854
Infosys Limited and subsidiaries
Unaudited Condensed Consolidated Statements of Comprehensive Income (Dollars in millions except share and per equity share data)
Three months Three months ended June 30, ended June 30, 2017 2016 Revenues 2,651 2,501 Cost of sales 1,692 1,592 Gross profit 959 909 Operating expenses: Selling and marketing expenses 138 137 Administrative expenses 183 170 Total operating expenses 321 307 Operating profit 638 602 Other income, net 127 112 Share in associate's profit / (loss) - - Write-down of investment in associate* (11) - Profit before income taxes 754 714 Income tax expense 213 203 Net profit 541 511 Other comprehensive income Items that will not be reclassified subsequently to profit or loss: Re-measurements of the net defined benefit liability/asset - (2) Cumulative impact on reversal of unrealized gain on quoted debt securities on adoption of IFRS 9 - (5) Equity instruments through other comprehensive income, net - - Items that will be reclassified subsequently to profit or loss: Fair value changes on investments, net 4 - Fair value changes on derivatives designated as cash flow hedge, net (10) - Foreign currency translation 60 (173) Total other comprehensive income, net of tax 54 (180) Total comprehensive income 595 331 Profit attributable to: Owners of the Company 541 511 Non-controlling interests - - 541 511 Total comprehensive income attributable to: Owners of the Company 595 331 Non-controlling interests - - 595 331 Earnings per equity share Basic ($) 0.24 0.22 Diluted ($) 0.24 0.22 Weighted average equity shares used in computing earnings per equity share Basic 2,285,657,604 2,285,622,329 Diluted 2,287,058,148 2,285,768,122
| | During | the | quarter | ended | June | 30, | 2017, | the | Company | has | written | down | the | entire | carrying | value | of | the | investment | in | its | associate | DWA | Nova | LLC, | an | Infosys | Innovation | Fund | Investment |
NOTE:
1. The unaudited Condensed Consolidated Balance sheets and Condensed Consolidated Statements of Comprehensive Income for the three months ended June 30, 2017 have been taken on record at the Board meeting held on July 14, 2017
2. A Fact Sheet providing the operating metrics of the company can be downloaded from www.infosys.com [http://www.infosys.com ]
IFRS-INR Press Release: https://www.infosys.com/investors/reports-filings/quarterly-...
Fact Sheet: https://www.infosys.com/investors/reports-filings/quarterly-...
Contact Investor Relations Sandeep Mahindroo +91- 3980-1018 Sandeep_Mahindroo@infosys.com Media Relations Sarah Vanita Gideon +91-80-4156-3998 Sarah_Gideon@infosys.com Chiku Somaiya +1-7136706752 Chiku.Somaiya@infosys.com
Photo: http://photos.prnewswire.com/prnh/201301...
