Infosys Ltd. — Annual Report 2013

Mar 31, 2013

Infosys Limited

Regd. Office: Electronics City, Hosur Road, Bangalore – 560 100, India.

Audited financial results of Infosys Limited for the quarter and year ended March 31, 2013

	(in`crore, except share andper share data)	(in`crore, except share andper share data)	(in`crore, except share andper share data)	(in`crore, except share andper share data)	(in`crore, except share andper share data)
Particulars	Quarter endedMarch 31,	Quarter endedDecember 31,	Quarter endedMarch 31,	Year endedMarch 31,
	2013	2012	2012	2013	2012
Income from software services and productsExpenses:Employee benefit expensesDeferred consideration pertaining to acquisitionCost of technical sub-contractorsTravel expensesCost of software packages and othersCommunication expensesProfessional chargesDepreciation and amortization expenseOther expensesTotal ExpensesProfit from operations before other incomeOther incomeProfit before exceptional item and taxDividend incomeProfit before taxTax expenseNet Profit for the period after exceptional itemPaid-up equity share capital (par value5/- each fully paid)<br>Reserves and surplus *<br>**Earnings per share (par value of**5/- each)Before exceptional itemBasicDilutedAfter exceptional itemBasicDilutedTotal Public Shareholding#Number of sharesPercentage of shareholdingPromoters and Promoter Group ShareholdingPledged / EncumberedNumber of sharesPercentage of shares (as a % of the total shareholdingof promoter and promoter group)Percentage of shares (as a % of the total share capitalof the company)Non – encumberedNumber of sharesPercentage of shares (as a % of the total shareholdingof promoter and promoter group)Percentage of shares (as a % of the total share capitalof the company)	9,3295,19950524270182701172562866,9542,3756473,022-3,0227172,30528729,47040.1440.1440.1440.1441,12,67,87171.62---9,20,85,078100.0016.04	9,3985,086-421332244801322482866,8292,5694813,050 -3,0507852,26528729,47039.4639.4639.4639.4642,36,93,24273.78 - - -9,20,85,078100.0016.04	8,1834,051 -65623118253852042195,6812,5026093,111 5783,6899302,75928724,21439.6139.6148.0548.0540,47,81,60170.49 - - -9,20,85,078100.0016.04	36,76519,932 851,7311,2817342895049561,19426,70610,0592,21512,2748312,3573,2419,11628729,470157.55157.55158.76158.7641,12,67,87171.62 - - -9,20,85,078100.0016.04	31,25415,473-2,4839446252034377941,02821,9879,2671,82911,09657811,6743,2048,47028724,214139.07139.06147.51147.5040,47,81,60170.49 - - -9,20,85,078100.0016.04

* Represents the previous accounting year balance as required under Clause 41 of the listing agreement.

#Total public shareholding as defined under Clause 40A of the Listing Agreement (excludes shares held by founders and American Depositary Receipt Holders).

Note: The audited Statement of Profit and Loss for the quarter and year ended March 31, 2013 has been taken on record at the Board meeting held on April 12, 2013.

Notes:

1 . The audited financial statements for the quarter and year ended March 31, 2013 have been taken on record by the Board of Directors at its meeting held on April 12, 2013. The statutory auditors have expressed an unqualified audit opinion. The information presented above is extracted from the audited financial statements.

2. On April 11, 2013, the Board of Directors appointed Mr. Leo Puri as Additional Director (Independent) of the Company with immediate effect.

3. The company listed in NYSE Euronext London and Paris on February 20, 2013.

4 .The company has decided to set aside up to US$100 million to invest in products, platforms and solutions ideas in line with Infosys 3.0 strategy.

5. Information on dividends for the quarter and year ended March 31, 2013

The Board of Directors recommended a final dividend of ` 27/- per equity share for the financial year ended March 31, 2013. The payment is subject to the approval of the shareholders in the ensuing Annual General Meeting of the company to be held on June 15, 2013. The book closure date for the purpose of Annual General Meeting and payment of the final dividend is June 1, 2013 to June 15, 2013 (both days inclusive).

				(in`)	(in`)
Particulars	Quarter endedMarch 31,	Quarter endedDecember 31,	Quarter endedMarch 31,	Year endedMarch 31,
	2013	2012	2012	2013	2012
Dividend per share (par value`5/- each)Interim dividendSpecial dividend - 10 years of Infosys BPO operationsFinal dividendTotal dividend	--27.0027.00	- ---	- 10.00 22.00 32.00	15.00-27.0042.00	15.00 10.0022.0047.00

6. Other Information

6. Other Information
	(in`crore)
Particulars	Quarter endedMarch 31,	Quarter endedDecember 31,	Quarter endedMarch 31,	Year endedMarch 31,
	2013	2012	2012	2013	2012
Staff costsItems exceeding 10% of aggregate expenditureDetails of other income:Interest on deposits with banks and othersDividend received on investment in mutual fund unitsMiscellaneous income, netGains / (losses) on foreign currency fluctuation, netTotal	5,199-474489116647	5,086 -37184818481	4,051-5604639609	19,932 1,714217272572,215	15,473-1,6962428811,829

7. Information on investor complaints pursuant to Clause 41 of the Listing Agreement for the quarter ended March 31, 2013

Nature of complaints received	Openingbalance	Additions	Disposal	Closingbalance
Non receipt of Dividend/Annual report related	-	109	109	-

8. Statement of assets and liabilities (Standalone Audited)

(in ` crore)

Particulars	As	at
	March 31, 2013	March 31, 2012
EQUITY AND LIABILITIESShareholders’ fundsShare capitalReserves and surplusNon-current liabilitiesDeferred tax liabilitiesOther long-term liabilitiesCurrent liabilitiesTrade payablesOther current liabilitiesShort-term provisionsTOTAL - EQUITY AND LIABILITIESASSETSNon-current assetsFixed assetsNon-current investmentsDeferred tax assetsLong-term loans and advancesOther non-current assetsCurrent assetsCurrent investmentsTrade receivablesCash and cash equivalentsShort-term loans and advancesTOTAL - ASSETS	28735,77236,059561201761782,8273,7886,793	28729,47029,757-2121682,3653,6046,037
	43,028	35,815
	5,5882,7643781,5293110,2901,5806,36520,4014,39232,738	4,6491,0681891,431137,3503415,40419,5573,16328,465
	43,028	35,815

9. Segment reporting (Standalone-Audited)

(in ` crore)

				(in`crore)	(in`crore)
Particulars	Quarter endedMarch 31,	Quarter endedDecember 31,	Quarter endedMarch 31,	Year ended March 31,
	2013	2012	2012	2013	2012
Revenue by industry segmentFinancial services and insurance (FSI)Manufacturing (MFG)Energy, utilities, communication and services (ECS)Retail, consumer product group, logistics, life sciences andhealth care (RCL)Total**Less:**Inter-segment revenueNet revenue from operationsSegment profit before tax, depreciationFinancial services and insurance (FSI)Manufacturing (MFG)Energy, utilities, communication and services (ECS)Retail, consumer product group, logistics, life sciences andhealth care (RCL)Total**Less:**Other unallocable expenditure**Add:**Unallocable other incomeProfit before tax and exceptional item	3,2851,9431,9132,1889,329-9,3291,0124465945792,6312566473,022	3,2501,9091,9632,2769,398 -9,3989754836377222,8172484813,050	2,8701,6511,7381,9248,183 -8,1839485325626642,7062046093,111	12,7757,6577,5068,82736,765 -36,7653,9762,0262,2842,72911,0159562,21512,274	11,1726,1176,5727,39331,254 -31,2543,5351,9262,0502,55010,0617941,82911,096

Notes on segment information:

Principal segments

The company's operations predominantly relate to providing technology services, delivered to clients globally, operating in various industry segments. Accordingly, revenues represented along industries served constitute the primary basis of the segmental information set out above.

Segmental capital employed

Assets and liabilities used in the company's business are not identified to any of the reportable segments, as these are used interchangeably between segments. The management believes that it is not practicable to provide segment disclosures relating to total assets and liabilities since a meaningful segregation of the available data is onerous.

By order of the Board for Infosys Limited

S. D. Shibulal

Bangalore, India April 12, 2013

Chief Executive Officer and Managing Director

Statements in connection with this release may include forward-looking statements within the meaning of US securities laws intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act. These forward-looking statements are subject to risks and uncertainties including those described in our SEC filings available at www.sec.gov including our Annual Report on Form 20-F for the year ended March 31, 2012, and our other recent filings, and actual results may differ materially from those projected by forward-looking statements. We may make additional written and oral forward-looking statements but do not undertake, and disclaim any obligation, to update them.