Infosys Ltd. — Annual Report 2013

Mar 31, 2013

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

Infosys Limited

Audited consolidated financial results of Infosys Limited and its subsidiaries for the quarter and year ended March 31, 2013 prepared in compliance with the International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board

	(in`crore, except share andper equity share data)	(in`crore, except share andper equity share data)	(in`crore, except share andper equity share data)	(in`crore, except share andper equity share data)	(in`crore, except share andper equity share data)
Particulars	Quarter endedMarch 31,	Quarter endedDecember 31,	Quarter endedMarch 31,	Year ended March 31,
	2013	2012	2012	2013	2012
RevenuesCost of salesGross profitSelling and marketing expensesAdministrative expensesOperating profitOther incomeProfit before income taxesIncome tax expenseNet profitPaid-up equity share capital (par value5/- each, fully<br>paid)<br>Share premium, retained earnings and other components<br>of equity*<br>**Earnings per share (par value**5/- each)BasicDilutedTotal Public Shareholding#Number of sharesPercentage of shareholdingPromoters and Promoter Group ShareholdingPledged / EncumberedNumber of sharesPercentage of shares (as a % of the total shareholding ofpromoter and promoter group)Percentage of shares (as a % of the total share capital ofthe company)Non-encumberedNumber of sharesPercentage of shares (as a % of the total shareholding ofpromoter and promoter group)Percentage of shares (as a % of the total share capital ofthe company)	10,4546,8023,6525186722,4626743,1367422,39428633,17541.8941.8941,12,67,87171.62---9,20,85,078100.0016.04	10,4246,5663,8585416402,6775033,1808112,36928633,17541.4741.4742,36,93,24273.78---9,20,85,078100.0016.04	8,8525,1993,6534525542,6476523,2999832,31628627,01740.5440.5440,47,81,60170.49---9,20,85,078100.0016.04	40,35225,28015,0722,0342,60910,4292,35912,7883,3679,42128633,175164.87164.8741,12,67,87171.62---9,20,85,078100.0016.04	33,73419,80813,9261,7572,3909,7791,90411,6833,3678,31628627,017145.55145.5440,47,81,60170.49---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 Depository Receipt Holders.

1 . The audited consolidated 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 consolidated financial statements. The consolidated financial statements are prepared in accordance with International Financial Reporting Standards as issued by International Accounting Standards Board (IFRS).

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 _` )	_(in _` )	_(in _` )	_(in _` )
Particulars	Quarter endedMarch 31,	Quarter endedDecember 31,	Quarter endedMarch 31,	Year ended March 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 (Consolidated - Audited)

	_(in _` crore)	_(in _` crore)	_(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
Staff costsItems exceeding 10% of aggregate expenditureDetails of other income:Interest on deposits with banks and othersIncome from available-for-sale financialassets/investmentsMiscellaneous income, netGains/(losses) on foreign currencyTotal	6,065-490547123674	5,809 -390871412503	4,787 -5844460652	22,566 -1,792230792582,359	18,340 -1,8072718521,904

7. Audited financial results of Infosys Limited (Standalone Information)

	_(in _` crore)	_(in _` crore)	_(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
RevenuesProfit before exception item and taxProfit before taxProfit for the period	9,3293,0223,0222,305	9,3983,0503,0502,265	8,1833,1113,6892,759	36,76512,27412,3579,116	31,25411,09611,6748,470

Note: The audited results of Infosys Limited for the above mentioned periods are available on our website www.infosys.com. The information above has been extracted from the audited financial statements as stated.

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

Nature of complaints received	Opening balance	Additions	Disposal	Closing balance
Non receipt of dividend/Annual report related	-	109	109	-

9. Statement of assets and liabilities (IFRS Consolidated Audited)

9. Statement of assets and liabilities (IFRS Consolidated Audited)
	_(in _` crore)
Particulars	As at
	March 31, 2013	March 31, 2012
EQUITY AND LIABILITIESShareholders’ fundsShare capitalReserves and surplusMinority interestsNon-current liabilitiesDeferred tax liabilitiesOther long-term liabilitiesCurrent liabilitiesTrade payablesOther current liabilitiesShort-term provisionsTOTAL - EQUITY AND LIABILITIESASSETSNon-current assetsFixed assetsGoodwill on consolidationNon-current investmentsDeferred tax assetsOther non-current assetsCurrent assetsCurrent investmentsTrade receivablesCash and cash equivalentsOther current assetsTOTAL - ASSETS	28639,51139,797-1191492681895,8842136,286	28633,17533,461 -12109121234,6101334,766
	46,351	38,348
	6,8361,9763945031,32911,0381,7397,08321,8324,65935,313	5,582993123161,1998,1023775,88220,5913,39630,246
	46,351	38,348

The above disclosure is in compliance with Clause 41(V)(h) and Annexure IX of the listing agreement. The disclosure is an extract of the audited IFRS Consolidated Balance Sheet as at March 31, 2013

10. Segment reporting (Consolidated - Audited)

	10. Segment reporting (Consolidated - Audited)
		_(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 sciencesand health care (RCL)Total**Less:**Inter-segment revenueNet revenue from operationsSegment profit before tax, depreciation and non-controlling interest:Financial services and insurance (FSI)Manufacturing (MFG)	3,5502,3252,0842,49510,454-10,4541,050503	3,5112,2652,1362,51210,424 -10,4241,022559	3,0371,8831,9022,0308,852 -8,8521,035587	13,6808,8888,1299,65540,352 -40,3524,1392,304	11,8306,9337,2327,73933,734 -33,7343,8402,076
Energy, utilities, communication and services (ECS)5846426042,2592,318Retail, consumer product group, logistics, life sciencesand health care (RCL)6337486662,8602,489Total2,7702,9712,89211,56210,723Less:Other unallocable expenditure3082942451,133944Add:Unallocable other income6745036522,3591,904Profit before tax and non-controlling interest3,1363,1803,29912,78811,683Notes on segment informationPrincipal segmentsThe 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 employedAssets and liabilities used in the company's business are not identified to any of the reportable segments, as these are used interchangeably between segments. Themanagement believes that it is not practicable to provide segment disclosures relating to total assets and liabilities since a meaningful segregation of the available datais onerous.By order of the Board	Energy, utilities, communication and services (ECS)Retail, consumer product group, logistics, life sciencesand health care (RCL)Total**Less:**Other unallocable expenditure**Add:**Unallocable other incomeProfit before tax and non-controlling interest	5846332,7703086743,136	6427482,9712945033,180	6046662,8922456523,299	2,2592,86011,5621,1332,35912,788	2,3182,48910,7239441,90411,683
						een segments. Thef the available data
						order of the Board

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

Bangalore, India April 12, 2013

S. D. Shibulal

Chief Executive Officer and Managing Director

The Board has also taken on record the unaudited consolidated results of Infosys Limited and its subsidiaries for the three months and year ended March 31, 2013, prepared as per International Financial Reporting Standards (IFRS). A summary of the consolidated financial statements is as follows:

				(in US$ million, except per ADS data)	(in US$ million, except per ADS data)
Particulars	Quarter endedMarch 31,	Quarter endedDecember 31,	Quarter endedMarch 31,	Year ended March 31,
	2013	2012	2012	2013	2012
Revenues	1,938	1,911	1,771	7,398	6,994
Cost of sales	1,261	1,203	1,041	4,637	4,118
Gross profit	677	708	730	2,761	2,876
Net profit	444	434	463	1,725	1,716
Earnings per equity share
Basic	0.78	0.76	0.81	3.02	3.00
Diluted	0.78	0.76	0.81	3.02	3.00
Total assets	8,539	7,955	7,537	8,539	7,537
Cash and cash equivalents including available-for-salefinancial assets (current) and certificates of deposit	4,341	4,079	4,121	4,341	4,121

Statements in connection with this release may include forward-looking statements within the meaning of U.S. 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.