Never miss a great news story! Get instant notifications from Economic Times Allow Not now. The consolidated performance of the Company and its subsidiaries has been referred to wherever required. Notes : The above figures are extracted from the standalone and consolidated financial statements as per Indian Accounting Standards Ind AS. The reserve should be utilized by the Company for acquiring new plant and machinery for the purpose of its business in the terms of Section 10AA 2 of the Income-tax Act, Our revenue from operations on a standalone basis increased to Rs.
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Com Accountancy Semester I , K. I further state that this work is original and not submitted anywhere else for any examination. I Thank the Almighty God for his blessings in completing this task. The successful completion of this project is possible only due to support and cooperation of my teachers, relatives, friends and well-wishers. I would like to extend my sincere gratitude to all of them.
I am highly indebted to Principal A. Ranade, Co-ordinater P. Limaye, and my subject teacher Tejashree Gawde for their encouragement, guidance and support. I also take this opportunity to express sense of gratitude to my parents for their support and co-operation in completing this project. Finally I would express my gratitude to all those who directly and indirectly helped me in completing this project.
Name of the student Vivek Shriram Mahajan 4. Comparative Balance Sheet of Infosys………….. The three major financial statements are the balance sheet, the income or profit and loss statement and the cash flow statement. Comparative statements are required in order to comply with generally accepted accounting principles.
They give readers a more complete view of the direction of the company over time. If a business plans to issue financial statements to outside users such as investors or lenders , the financial statements should be formatted in accordance with one of the major accounting frameworks, such as GAAP or IFRS. These frameworks allow for some leeway in how financial statements can be structured, so statements issued by different firms even in the same industry are likely to have somewhat different appearances.
At the most minimal level, a business is expected to issue an income statement and balance sheet to document its monthly results and ending financial condition. The full set of financial statements is expected when a business is reporting the results for a full fiscal year. Comparative financial statements are the complete set of financial statement that an entity issues, revealing information for more than one accounting period.
The statements may also reveal unusual spikes in the reported information that can indicate the presence of accounting errors. This information can be useful for cost management purposes. It is customary to issue comparative financial statements with additional columns containing the variance between periods, as well as the percentage change between periods. The Securities and Exchange Commission requires that a publicly held company use comparative financial statements when reporting to the public on the Form K and Form Q.
Infosys Ltd formerly Infosys Technologies is an Indian multinational corporation that provides business consulting, information technology, software engineering and outsourcing services. It is headquartered in Bangalore, Karnataka. Infosys is the third-largest India-based IT services company by revenues, and the fifth largest employer of H-1B visa professionals in the United States in FY Raghavan, S.
Gopalakrishnan, S. Shibulal, K. The company was incorporated as "Infosys Consultants Pvt Ltd. It was later renamed to "Infosys Limited" in June Infosys is an organization that inspires awe and respect, globally. Infosys has pioneered many best practices and set standards in corporate governance and HR management.
As a key player in the knowledge industry, Infosys has recognized the value of its human assets in maintaining and increasing its strategic competitiveness. Infosys goes the whole hog in ensuring that their employees take pride in working with them. In the last 25 years, Infosys has been growing and growing.
Today, Infosys is India's second largest software exporter. It now enjoys a strong liquidity position with over Rs 6, crore Rs 60 billion in assets, including surplus cash. During , the Infosys internal cash accruals more adequately covered working capital requirements, capital expenditure and dividend payments leaving a surplus of Rs 1, crore Rs This collectively makes the liquidity strength of Infosys at Rs 6, crore Rs The company scanning the markets of Europe and Japan for acquisitions in the price bands of USD - USD million to energies their non-linear business strategy as well as to expand its geographic reach.
Infosys set up various Special Economic Zone that for the company has an additional tax benefit. Infosys has been pursuing their expansion plans over the past few years.
The future enhancement of the company is to emerge the developing economies changing the business landscape with help of accessible talent pools and the adoption of non-linear growth model, it is a long term strategy. In December , the company has set up a wholly owned unit in the U. The subsidiary, called Infosys Technologies Inc, will be headquartered in Dallas, Texas, where the company has most of their operations. During the year , Infosys Consulting Inc incorporated a wholly-owned subsidiary, Infosys Consulting India Ltd and invested Rs 1 crore in the subsidiary.
During the year , the company formally launched their new corporate strategy, Building Tomorrow's Enterprise to showcase our plan for leading the services industry into the new era as the next generation global consulting and services company.
In November , Atlas Copco AB entered into an agreement with the company to handle parts of its financial processes, such as accounting to reporting and processing of supplier invoices.
The project will affect approximately positions within Atlas Copco, and of these Infosys will offer employment to around 70 staff working in the Czech Republic.
The transition of services to Infosys is planned to begin on November 16, In a landmark contract that will provide consistency and predictability of service delivery, Infosys will consolidate Syngenta's Global Business IT services landscape under a single shared services engagement. In February , Bharti Airtel chooses the company as its partner for Airtel Money, mobile wallet service by a mobile operator.
Under this partnership, Infosys WalletEdge, the mobile commerce platform will enable the ubiquitous mobile wallet service to support cashless payments and settlements needs of diverse customer segments. Within a generation, Infosys, founded by professionals, has become a billion-dollar company. Riding the crest of India's IT success, Infosys has always set standards for excellence. M S Shashikala reports on the practices at Infosys, which have enabled it to become a leader in its field.
These FUNDS have been deposited with banks, highly rated financial institutions and in liquid mutual funds. Infosys last year derived an average yield of 4. The company received Rs crore Rs 6. Missionstatement of Infosys "To achieve our objectives in an environment of fairness, honesty, and courtesy towards our clients, employees, vendors and society at large. They believe that these three key aspects were the main factors in achieving their vision. Infosys International Inc. Assets, liabilities and ownership equity are listed as of a specific date, such as the end of its financial year.
A standard company balance sheet has three parts: assets, liabilities and ownership equity. The main categories of assets are usually listed first and typically in order of liquidity. Assets are followed by the liabilities.
The consolidated performance of the Company and its subsidiaries has been referred to wherever required. Based on an enterprise valuation done by an independent valuer, the business was transferred for a consideration of Rs. Net assets amounting to Rs. During the year ended March 31, , based on an enterprise valuation done by an independent valuer, the business was transferred for a consideration of Rs.
Directors Report of Infosys Ltd.
Mar 31, Dear members. The consolidated performance of the Company and its subsidiaries has been referred to wherever required. Share in net loss of associate, including impairment of associate 2. Earnings per share EPS 3.