September 30, 2014 March 31, 2014
ASSETS
Current assets
Cash and cash equivalents 4,604 4,331
Available-for-sale financial assets 611 367
Investment in certificates of deposit 17 143
Trade receivables 1,464 1,394
Unbilled revenue 477 469
Prepayments and other current assets 447 440
Derivative financial instruments 7 36
Total current assets 7,627 7,180
Non-current assets
Property, plant and equipment 1,360 1,316
Goodwill 340 360
Intangible assets 49 57
Available-for-sale financial assets 213 208
Deferred income tax assets 108 110
Income tax assets 248 254
Other non-current assets 44 37
Total non-current assets 2,362 2,342
Total assets 9,989 9,522
LIABILITIES AND EQUITY
Current liabilities
Trade payables 22 29
Derivative Financial Instruments 4 -
Current income tax liabilities 434 365
Client deposits 4 6
Unearned revenue 136 110
Employee benefit obligations 165 159
Provisions 66 63
Other current liabilities 894 792
Total current liabilities 1,725 1,524
Non-current liabilities
Deferred income tax liabilities 9 11
Other non-current liabilities 63 54
Total liabilities 1,797 1,589
Equity
Share capital- INR 5 ($0.16) par value 600,000,000
equity shares authorized, issued and outstanding
571,402,566 each, net of 2,833,600 treasury shares
each as of September 30, 2014 and March 31, 2014,
respectively 64 64
Share premium 704 704
Retained earnings 9,406 8,892
Other components of equity (1,982) (1,727)
Total equity attributable to equity holders of the
company 8,192 7,933
Non-controlling interests - -
Total equity 8,192 7,933
Total liabilities and equity 9,989 9,522
Infosys Limited and subsidiaries
Unaudited Condensed Consolidated Interim Statements of Comprehensive Income
(Dollars in millions except share and per equity share data)
Three Three
months months Six months Six months
ended ended ended ended
September September September September
30, 2014 30, 2013 30, 2014 30, 2013
Revenues 2,201 2,066 4,334 4,057
Cost of sales 1,353 1,337 2,697 2,633
Gross profit 848 729 1,637 1,424
Operating expenses:
Selling and marketing expenses 127 120 238 223
Administrative expenses 146 158 288 282
Total operating expenses 273 278 526 505
Operating profit 575 451 1,111 919
Other income, net 144 81 283 184
Profit before income taxes 719 532 1394 1,103
Income tax expense 208 149 401 302
Net profit 511 383 993 801
Other comprehensive income
Items that will not be reclassified
to profit or loss:
Re-measurement of the net defined
benefit liability/(asset) (1) 5 (4) 6
Items that may be reclassified
subsequently to profit or loss:
Fair value changes on
available-for-sale financial asset 5 (4) 8 (4)
Exchange differences on translation
of foreign operations (223) (316) (259) (935)
Total other comprehensive income,
net of tax (219) (315) (255) (933)
Total comprehensive income 292 68 738 (132)
Profit attributable to:
Owners of the company 511 383 993 801
Non-controlling interests - - - -
511 383 993 801
Total comprehensive income
attributable to:
Owners of the company 292 68 738 (132)
Non-controlling interests - - - -
292 68 738 (132)
Earnings per equity share
Basic ($) 0.89 0.67 1.74 1.40
Diluted ($) 0.89 0.67 1.74 1.40
Weighted average equity shares used
in computing earnings per equity
share
Basic 571,402,566 571,402,566 571,402,566 571,402,566
Diluted 571,404,028 571,402,566 571,403,297 571,402,566
NOTE:
1. The unaudited Condensed Consolidated interim Balance sheets and Condensed Consolidated interim Statements of Comprehensive Income for the three months and six months ended September 30, 2014 have been taken on record at the Board meeting held on October 10, 2014
2. A Fact Sheet providing the operating metrics of the company can be downloaded from http://www.infosys.com
INR Press release: http://multivu.prnewswire.com/prnehost/PIV709774-IFRS-INR-pr...
Factsheet: http://multivu.prnewswire.com/prnehost/PIV709774-fact-sheet....
Contact
Investor Relations
Sandeep Mahindroo
+91-80-3980-1018
Sandeep_Mahindroo@infosys.com
Media Relations
Sarah Vanita Gideon, India
+91(80)4156-3373
Sarah_Gideon@Infosys.com
Photo:
http://photos.prnewswire.com/prnh/201301...
