June 30, 2015 March 31, 2015
ASSETS
Current assets
Cash and cash equivalents 4,421 4,859
Available-for-sale financial assets 116 140
Trade receivables 1,657 1,554
Unbilled revenue 464 455
Prepayments and other current assets 630 527
Derivative financial instruments 6 16
Total current assets 7,294 7,551
Non-current assets
Property, plant and equipment 1,494 1,460
Goodwill 571 495
Intangible assets 149 102
Investment in Associates 15 15
Available-for-sale financial assets 215 215
Deferred income tax assets 77 85
Income tax assets 724 654
Other non-current assets 48 38
Total non-current assets 3,293 3,064
Total assets 10,587 10,615
LIABILITIES AND EQUITY
Current liabilities
Trade payables 31 22
Derivative Financial Instruments 1 -
Current income tax liabilities 497 451
Client deposits 3 4
Unearned revenue 186 168
Employee benefit obligations 183 171
Provisions 74 77
Other current liabilities 1,087 927
Total current liabilities 2,062 1,820
Non-current liabilities
Deferred income tax liabilities 45 25
Other non-current liabilities 18 8
Total liabilities 2,125 1,853
Equity
Share capital- `5 ($0.16) par value 2,400,000, 21 Jul. (1,200,000,000) - equity shares authorized, issued
and outstanding 2,285,610,264 (1,142,805,132), net
of 11,334,400 (5,667,200) treasury shares as of
June 30, 2015 (March 31, 2015), respectively 199 109
Share premium 569 659
Retained earnings 9,930 10,090
Other components of equity (2,236) (2,096)
Total equity attributable to equity holders of the
company 8,462 8,762
Non-controlling interests - -
Total equity 8,462 8,762
Total liabilities and equity 10,587 10,615
Infosys Limited and subsidiaries
Unaudited Condensed Consolidated Interim Statements of Comprehensive Income
(Dollars in millions except share and per equity share data)
Three months Three months
ended June 30, ended June 30,
2015 2014
Revenues 2,256 2,133
Cost of sales 1,434 1,344
Gross profit 822 789
Operating expenses:
Selling and marketing expenses 129 111
Administrative expenses 152 142
Total operating expenses 281 253
Operating profit 541 536
Other income, net 119 139
Share in associate's profit / (loss) - -
Profit before income taxes 660 675
Income tax expense 184 193
Net profit 476 482
Other comprehensive income
Items that will not be reclassified to profit or
loss:
Re-measurement of the net defined benefit
liability/(asset) (1) (3)
Items that may be reclassified subsequently to
profit or loss:
Fair value changes on available-for-sale
financial asset (2) 3
Exchange differences on translation of foreign
operations (137) (36)
Total other comprehensive income, net of tax (140) (36)
Total comprehensive income 336 446
Profit attributable to:
Owners of the company 476 482
Non-controlling interests - -
476 482
Total comprehensive income attributable to:
Owners of the company 336 446
Non-controlling interests - -
336 446
Earnings per equity share
Basic ($) 0.21 0.21
Diluted ($) 0.21 0.21
Weighted average equity shares used in computing
earnings per equity share
Basic 2,285,610,264 2,285,610,264
Diluted 2,285,672,309 2,285,610,264
NOTE:
1. The unaudited Condensed Consolidated interim Balance sheets and Condensed Consolidated interim Statements of Comprehensive Income for the three months ended June 30, 2015 have been taken on record at the Board meeting held on July 21, 2015
2. A Fact Sheet providing the operating metrics of the company can be downloaded from www.infosys.com [http://www.infosys.com ]
3. Previous period share count and EPS has been restated due to issue of bonus shares in Dec-14 and Jun-15
IFRS-INR Press Release: http://multivu.prnewswire.com/prnehost/P...
Fact Sheet: http://multivu.prnewswire.com/prnehost/P...
Photo:
http://photos.prnewswire.com/prnh/201301...
