class 12 accounts project .topic is cash flow statement and ratio analysis.

5. BALANCE SHEET OF TARMAC LIMITED
AS ON 31st MARCH 2012
PARTICULARS FIGURES
IN Rs.
(1000)
FIGURES
IN Rs.
(1000)
SOURCES OF FUNDS
Shareholders’ Fund
Share Capital
Reserves and Surplus
Loans
Secured
Unsecured
Deferred tax Liability(Net)
5,00,00
17,42,59
11,38,86
5,58,29
22,49,59
16,97,15
95,33
TOTAL 40,35,07
APPLICATION OF FUNDS
Fixed Assets
Gross Block
Less: Depreciation
Net Block
Working Capital
Investment
CA, Loans and Advances
Inventories
Sundry debtor
Cash and Bank balances
Loans and Advances
CL and Provisions
Current Liabilities
Provisions
Net Current Assets
18,41,58
12,40,03
21,46,20
19,51,56
4,49,74
8,50,58
18,16,17
3,12,02
6,01,55
15,29
6,16,84
1,48,34
53,98,08
21,28,19
32,69,89
TOTAL 40,35,07

6. PROFIT & LOSS A/C OF TARMAC LIMITED
FOR THE YEAR ENDED 31st MARCH 2012
PARTICULARS FIGURES
IN Rs.
(1000)
INCOME:
Sales and Operating Earnings
Other Income
Variation in Stock
EXPENSES:
Materials Consumed
Purchase of Trading Goods
Payments to and provision for employees
Manufacturing Expense
Excise Duty
Other expenses
Interest and Finance Charges
Depreciation
Less: Transfer to Revaluation
PROFIT BEFORE TAX
PRIOR YEAR ADJUSTMENT(NET)
PROVISION FOR TAXATION
Current tax
Deferred Tax Liability
PROFIT AFTER TAX
Balance brought forward from previous year
Balance available for appropriation
Appropriations:
General reserve
Surplus(Loss)
Proposed Dividend
Tax on Proposed Dividend
BASIC EARNING PER SHARE(rupee)
73,90,47
31,39
53.99
74,75,85
28,51,40
14,03,33
12,94,47
3,07,51
70,08
9,17,94
2,46,30
1,09,96
72,00,99
2,74,86
25,71
1,19,50
8,13
1,72,94
4
1,72,98
88,30
7
75,00
9,61
1,72,98
3.46

13. BALANCE SHEET OF JOEREX LIMITED
AS ON 31st MARCH 2012
PARTICULARS FIGURES
IN Rs.
(1000)
FIGURES
IN Rs.
(1000)
SOURCES OF FUNDS
Shareholders’ Fund
Share Capital
Reserves and Surplus
Loans
Secured
Unsecured
Deferred tax Liability(Net)
5,00,00
19,14,91
17,23,12
5,36,89
24,14,91
22,60,01
92,02
TOTAL 47,66,94
APPLICATION OF FUNDS
Fixed Assets
Gross Block
Less: Depreciation
Net Block
Working Capital
Investment
CA, Loans and Advances
Inventories
Sundry debtor
Cash and Bank balances
Loans and Advances
CL and Provisions
Current Liabilities
Provisions
Net Current Assets
21,64,89
13,43,05
19,32,88
23,06,67
6,04,64
10,04,02
16,55,15
4,80,87
8,21,84
8,21,84
2,32,91
58,48,21
21,36,02
37,12,19
TOTAL 47,66,19

14. PROFIT & LOSS A/C OF JOEREX LIMITED
FOR THE YEAR ENDED 31st MARCH 2012
PARTICULARS FIGURES
IN Rs.
(1000)
INCOME:
Sales and Operating Earnings
Other Income
Variation in Stock
EXPENSES:
Materials Consumed
Purchase of Trading Goods
Payments to and provision for employees
Manufacturing Expense
Excise Duty
Other expenses
Interest and Finance Charges
Depreciation
Less: Transfer to Revaluation
PROFIT BEFORE TAX
PRIOR YEAR ADJUSTMENT(NET)
PROVISION FOR TAXATION
Current tax
Deferred Tax Liability
PROFIT AFTER TAX
Balance brought forward from previous year
Balance available for appropriation
Appropriations:
General reserve
Surplus(Loss)
Proposed Dividend
BASIC EARNING PER SHARE(rupee)
74,20,31
41,69
(38,45)
74,23,55
25,91,83
15,21,00
13,54,15
2,71,41
75,41
8,44,78
2,15,82
1,25,84
70,00,24
4,23,31
1,50,84
(3,31)
2,75,78
7
2,75,85
1,73,20
3
90,00
2,75,85
5.52

21. INFOSYS LIMITED
in ` crore
Balance Sheet as at March 31, Note 2012 2011
EQUITY AND LIABILITIES
SHAREHOLDERS' FUNDS
Share capital 2.1 287 287
Reserves and surplus 2.2 29,470 24,214
29,757 24,501
NON-CURRENT LIABILITIES
Deferred tax liabilities (net) 2.3 - -
Other long-term liabilities 2.4 21 25
21 25
CURRENT LIABILITIES
Trade payables 2.5 68 85
Other current liabilities 2.6 2,365 1,770
Short-term provisions 2.7 3,604 2,473
6,037 4,328
35,815 28,854
ASSETS
NON-CURRENT ASSETS
Fixed assets
Tangible assets 2.8 4,045 4,056
Intangible assets 2.8 16 -
Capital work-in-progress 588 249
4,649 4,305
Non-current investments 2.10 1,068 1,206
Deferred tax assets (net) 2.3 189 230
Long-term loans and advances 2.11 1,431 1,244
Other non-current assets 2.12 13 -
7,350 6,985
CURRENT ASSETS
Current investments 2.10 341 119
Trade receivables 2.13 5,404 4,212
Cash and cash equivalents 2.14 19,557 15,165
Short-term loans and advances 2.15 3,163 2,373
28,465 21,869
35,815 28,854
1 & 2
As per our report attached
for B S R & Co.
Chartered Accountants
Firm's Registration Number:101248W
Natrajh Ramakrishna K.V.Kamath S. Gopalakrishnan S. D. Shibulal Deepak M. Satwalekar
Partner Chairman Executive Co-Chairman Chief Executive Officer and Director
Membership No. 32815 Managing Director
Dr. Omkar Goswami Sridar A. Iyengar David L. Boyles Prof. Jeffrey S. Lehman
Director Director Director Director
R.Seshasayee Ann M. Fudge Ravi Venkatesan Srinath Batni
Director Director Director Director
V. Balakrishnan B. G. Srinivas Ashok Vemuri K. Parvatheesam
Bangalore Director and Director Director Company Secretary
April 13, 2012 Chief Financial Officer
SIGNIFICANT ACCOUNTING POLICIES AND NOTES ON ACCOUNTS
1

22. 2 NOTES ON ACCOUNTS FOR THE YEAR ENDED MARCH 31, 2012
The previous period figures have been regrouped/reclassified, wherever necessary to conform to the current period presentation.
2.1 SHARE CAPITAL
in ` crore, except as otherwise stated
Particulars
2012 2011
Authorized
Equity shares, `5/- par value
60,00,00,000 (60,00,00,000) equity shares 300 300
Issued, Subscribed and Paid-Up
Equity shares, `5/- par value (1)
287 287
57,42,30,001 (57,41,51,559) equity shares fully paid-up
287 287
Forfeited shares amounted to `1,500/- (`1,500/-)
Particulars
Number of shares Amount Number of shares Amount
Number of shares at the beginning 57,41,51,559 287 57,38,25,192 287
78,442 - 3,26,367 -
Number of shares at the end 57,42,30,001 287 57,41,51,559 287
The Board of Directors, in their meeting on October 12, 2011, declared an interim dividend of `15 per equity share. Further the Board of Directors, in
their meeting on April 13, 2012, proposed a final dividend of `22 per equity share and a special dividend - 10 years of Infosys BPO operations of ` 10 per
equity share. The proposal is subject to the approval of shareholders at the Annual General Meeting to be held on June 9, 2012. The total dividend
appropriation for the year ended March 31, 2012 amounted to `3,137 crore including corporate dividend tax of `438 crore.
As at March 31,
[Of the above, 53,53,35,478 (53,53,35,478) equity shares, fully paid up have been
issued as bonus shares by capitalization of the general reserve. ]
The Company has only one class of shares referred to as equity shares having a par value of `5/-. Each holder of equity shares is entitled to one vote per
share.
(1)
Refer to note 2.31 for details of basic and diluted shares
The Company declares and pays dividends in Indian rupees. The dividend proposed by the Board of Directors is subject to the approval of the
shareholders in the ensuing Annual General Meeting.
During the year ended March 31, 2011, the amount of per share dividend recognized as distributions to equity shareholders was `60. The dividend for
the year ended March 31, 2011 includes `20 per share of final dividend, `10 per share of interim dividend and `30 per share of 30th
year special
dividend. The total dividend appropriation for the year ended March 31, 2011 amounted to `4,013 crore including corporate dividend tax of `568 crore.
In the event of liquidation of the Company, the holders of equity shares will be entitled to receive any of the remaining assets of the company, after
distribution of all preferential amounts. However, no such preferential amounts exist currently. The distribution will be in proportion to the number of
equity shares held by the shareholders.
As at March 31, 2012 As at March 31, 2011
Add: Shares issued on exercise of employee stock options
Amounts in the financial statements are presented in ` crore, except for per share data and as otherwise stated. Certain amounts that are required to be
disclosed and do not appear due to rounding off are detailed in note 2.37. All exact amounts are stated with the suffix “/-”. One crore equals 10 million.
The reconciliation of the number of shares outstanding and the amount of share capital as at March 31, 2012 and March 31, 2011 is set out below:
8

23. Stock option plans
1998 Stock Option Plan ('the 1998 Plan')
1999 Stock Option Plan ('the 1999 Plan')
2012 2011
The 1998 Plan :
Options outstanding, beginning of the period 50,070 242,264
Less: Exercised 49,590 188,675
Forfeited 480 3,519
Options outstanding, end of the period - 50,070
Options exercisable, end of the period - -
The 1999 Plan :
Options outstanding, beginning of the period 48,720 204,464
Less: Exercised 28,852 137,692
Forfeited 8,185 18,052
Options outstanding, end of the period 11,683 48,720
Options exercisable, end of the period 7,429 40,232
Range of exercise prices per share (`)
Number of shares
arising out of
options
Weighted average
exercise price
(in `)
The 1999 Plan:
- - -
11,683 0.71 2,121
11,683 0.71 2,121
The Company has two Stock Option Plans.
The 1998 Plan was approved by the Board of Directors in December 1997 and by the shareholders in January 1998, and is for issue of 1,17,60,000 ADSs
representing 1,17,60,000 equity shares. All options under the 1998 Plan are exercisable for ADSs representing equity shares. A compensation committee
comprising independent members of the Board of Directors administers the 1998 Plan. All options had been granted at 100% of fair market value. The
1998 Plan lapsed on January 6, 2008, and consequently no further shares will be issued to employees under this plan.
In fiscal 2000, the Company instituted the 1999 Plan. The shareholders and the Board of Directors approved the plan in September 1999, which provides
for the issue of 5,28,00,000 equity shares to the employees. The compensation committee administers the 1999 Plan. Options were issued to employees at
an exercise price that is not less than the fair market value. The 1999 Plan lapsed on June 11, 2009, and consequently no further shares will be issued to
employees under this plan.
The activity in the 1998 Plan and 1999 Plan during the year ended March 31, 2012 and March 31, 2011, respectively, is set out below:
Year ended March 31,
As at March 31, 2012
Weighted average remaining
contractual life
(in years)
Particulars
The following tables summarize information about the options outstanding under the 1998 Plan and 1999 Plan as at March 31, 2012 and March 31, 2011
respectively:
The weighted average share price of options exercised under the 1998 Plan during the year ended March 31, 2012 and March 31, 2011 was `2,799 and
`2,950, respectively. The weighted average share price of options exercised under the 1999 Plan during the year ended March 31, 2012 and March 31,
2011 was `2,702 and `2,902, respectively.
300-700
701-2,500
9

24. Range of exercise prices per share (`)
Number of shares
arising out of
options
Weighted average
exercise price
(in `)
24,680 0.73 587
25,390 0.56 777
50,070 0.65 683
The 1999 Plan:
33,759 0.65 448
14,961 1.71 2,121
48,720 0.97 962
2.2 RESERVES AND SURPLUS
in ` crore
Particulars
2012 2011
Capital reserve - Opening balance 54 54
Add: Transferred from Surplus - -
54 54
Securities premium account - Opening balance 3,057 3,022
Add: Receipts on exercise of employee stock options 6 24
Income tax benefit arising from exercise of stock options 1 11
3,064 3,057
General reserve - Opening balance 5,512 4,867
Add: Transferred from Surplus 847 645
6,359 5,512
Surplus- Opening Balance 15,591 13,806
Add: Net profit after tax transferred from Statement of Profit and Loss 8,470 6,443
Reserves on transfer of assets and liabilities of Infosys Consulting Inc. (refer to note 2.25) (84) -
Amount available for appropriation 23,977 20,249
Appropriations:
Interim dividend 862 574
30th
year special dividend - 1,722
Special dividend - 10 years of Infosys BPO operations 574 -
Final dividend 1,263 1,149
Total dividend 2,699 3,445
Dividend tax 438 568
Amount transferred to general reserve 847 645
Surplus- Closing Balance 19,993 15,591
29,470 24,214
As at March 31,
As at March 31, 2012 and March 31, 2011, the Company had 11,683 and 98,790 number of shares reserved for issue under the 1998 and 1999 employee
stock option plans, respectively. Most of the shares reserved for issue under the 1998 and 1999 employee stock option plans are vested and are
exercisable at any point of time, except for 4,254 shares issued under the 1999 employee stock option plan which is unvested as of March 31, 2012. The
vesting date for these 4,254 shares is June 16, 2012.
701-1,400
300-700
As at March 31, 2011
Weighted average remaining
contractual life
(in years)
701-2,500
300-700
The 1998 Plan:
10

25. 2.3 DEFERRED TAXES
in ` crore
Particulars
2012 2011
Deferred tax assets
Fixed assets 266 234
Trade receivables 18 19
Unavailed leave 101 85
Computer software 35 24
Accrued compensation to employees 31 24
Others 8 20
459 406
Deferred tax liabilities
Branch profit tax 270 176
270 176
2.4 OTHER LONG-TERM LIABILITIES
in ` crore
Particulars
2012 2011
Others
14 18
7 7
21 25
2.5 TRADE PAYABLES
in ` crore
Particulars
2012 2011
Trade payables(1)
68 85
68 85
(1)
Includes dues to subsidiaries (refer to note 2.25) 61 55
2.6 OTHER CURRENT LIABILITIES
in ` crore
Particulars
2012 2011
Accrued salaries and benefits
Salaries and benefits 53 42
Bonus and incentives 394 363
Other liabilities
824 537
Retention monies 42 21
Withholding and other taxes payable 454 292
4 4
Other payables(1)
31 1
Advances received from clients 14 19
Unearned revenue 519 488
Mark-to-market loss on forward and options contracts 28 -
Unpaid dividends 2 3
2,365 1,770
(1)
Includes dues to subsidiaries (refer to note 2.25) 29 -
As at March 31,
As at March 31,
As at March 31,
As at March 31, 2012 and March 31, 2011, the Company has provided for branch profit tax of `270 and `176 crore, respectively, for its
overseas branches, as the Company estimates that these branch profits would be distributed in the foreseeable future. Branch profit tax
balance increased by `22 crore during the year ended March 31, 2012 due to foreign currency fluctuation impact.
Provision for expenses
Gratuity obligation - unamortised amount relating to plan amendment, current
(refer to note 2.28)
Gratuity obligation - unamortised amount relating to plan amendment (refer to
note 2.28 )
Rental deposits received from subsidiary (refer to note 2.25)
As at March 31,
Deferred tax assets and deferred tax liabilities have been offset wherever the Company has a legally enforceable right to set off current tax
assets against current tax liabilities and where the deferred tax assets and deferred tax liabilities relate to income taxes levied by the same
taxation authority.
11

26. 2.7 SHORT-TERM PROVISIONS
in ` crore
Particulars
2012 2011
Provision for employee benefits
Unavailed leave 379 303
Others
Proposed dividend 1,837 1,149
Provision for
Tax on dividend 298 187
Income taxes 967 756
Post-sales client support and warranties 123 78
3,604 2,473
Provision for post-sales client support and warranties
The movement in the provision for post-sales client support and warranties is as follows : in ` crore
Particulars
2012 2011
Balance at the beginning 78 73
Provision recognized/(reversal) 60 5
Provision utilised (15) -
Exchange difference during the period - -
Balance at the end 123 78
As at March 31,
Provision for post-sales client support is expected to be utilized over a period of 6 months to 1 year.
Year ended March 31,
12

32. WIPRO LIMITED AND SUBSIDIARIES
CONDENSED CONSOLIDATED INTERIM STATEMENTS OF FINANCIAL POSITION
(` in millions, except share and per share data, unless otherwise stated)
As of March 31,
Notes 2012 2012 2012
Convenience
translation into
US$ in millions
(Unaudited)
Refer note 2 (iv)
ASSETS
Goodwill……………………………………………………………………………………………………………………
5 67,937 74,712 1,344
Intangible assets……………………………………………………………………………………………………………………
5 4,229 4,408 79
Property, plant and equipment……………………………………………………………………………………………………………………
4 58,988 59,981 1,079
Investment in equity accounted investee ……………………………………………………………………………………………………………………
13 3,232 3,256 59
Derivative assets……………………………………………………………………………………………………………………
12 3,462 - -
Non-current tax assets……………………………………………………………………………………………………………………
10,287 10,505 189
Deferred tax assets……………………………………………………………………………………………………………………
2,597 3,114 56
Other non-current assets……………………………………………………………………………………………………………………
9 11,781 12,227 220
Total non-current assets……………………………………………………………………………………………………………………
162,513 168,203 3,027
Inventories……………………………………………………………………………………………………………………
7 10,662 11,888 214
Trade receivables……………………………………………………………………………………………………………………
80,328 85,748 1,543
Other current assets……………………………………………………………………………………………………………………
9 25,743 28,667 516
Unbilled revenues……………………………………………………………………………………………………………………
30,025 32,009 576
Available for sale investments……………………………………………………………………………………………………………………
6 41,961 70,105 1,262
Current tax assets……………………………………………………………………………………………………………………
5,635 7,641 138
Derivative assets……………………………………………………………………………………………………………………
12 1,468 5,911 106
Cash and cash equivalents……………………………………………………………………………………………………………………
8 77,666 59,852 1,077
Total current assets……………………………………………………………………………………………………………………
273,488 301,821 5,431
TOTAL ASSETS……………………………………………………………………………………………………………………
436,001 470,024 8,458
EQUITY
Share capital……………………………………………………………………………………………………………………
4,917 4,920 89
Share premium……………………………………………………………………………………………………………………
30,457 30,828 555
Retained earnings……………………………………………………………………………………………………………………
241,912 257,714 4,638
Share based payment reserve……………………………………………………………………………………………………………………
1,976 1,652 30
Other components of equity……………………………………………………………………………………………………………………
6,594 9,206 166
Shares held by controlled trust……………………………………………………………………………………………………………………
(542) (542) (10)
Equity attributable to the equity holders of the company………………………………………………………………………………………………………
285,314 303,778 5,467
Non-controlling Interest……………………………………………………………………………………………………………………
849 1,027 18
Total equity……………………………………………………………………………………………………………………
286,163 304,805 5,485
LIABILITIES
Long - term loans and borrowings……………………………………………………………………………………………………………………
10 22,510 689 12
Deferred tax liabilities……………………………………………………………………………………………………………………
353 391 7
Derivative liabilities……………………………………………………………………………………………………………………
12 307 72 1
Non-current tax liability……………………………………………………………………………………………………………………
5,403 4,457 80
Other non-current liabilities……………………………………………………………………………………………………………………
11 3,519 4,393 79
Provisions……………………………………………………………………………………………………………………
11 61 29 1
Total non-current liabilities……………………………………………………………………………………………………………………
32,153 10,031 181
Loans and borrowings and bank overdrafts……………………………………………………………………………………………………………………
10 36,448 63,244 1,138
Trade payables and accrued expenses……………………………………………………………………………………………………………………
47,258 50,918 916
Unearned revenues……………………………………………………………………………………………………………………
9,569 9,548 172
Current tax liabilities……………………………………………………………………………………………………………………
7,232 10,151 183
Derivative liabilities……………………………………………………………………………………………………………………
12 6,354 8,790 158
Other current liabilities……………………………………………………………………………………………………………………
11 9,703 11,410 205
Provisions……………………………………………………………………………………………………………………
11 1,121 1,127 20
Total current liabilities……………………………………………………………………………………………………………………
117,685 155,188 2,792
TOTAL LIABILITIES……………………………………………………………………………………………………………………
149,838 165,219 2,973
TOTAL EQUITY AND LIABILITIES……………………………………………………………………………………………………………………
436,001 470,024 8,458
As of June 30,
The accompanying notes form an integral part of these condensed consolidated interim financial statements
As per our report of even date attached For and on behalf of the Board of Directors
for B S R & Co. Azim Premji B C Prabhakar T K Kurien
Chartered Accountants Chairman Director CEO, IT Business &
Firm's Registration No:101248W Executive Director
Natrajh Ramakrishna Suresh C Senapaty V Ramachandran
Partner Chief Financial Officer Company Secretary
Membership No. 032815 & Director
Bangalore
July 24, 2012

33. Land Buildings
Plant and
machinery*
Furniture
fixtures and
equipment Vehicles Total
Accumulated depreciation/impairment:
As at April 1, 2012 ` - ` 3,259 ` 42,797 ` 8,266 ` 1,885 ` 56,207
Translation adjustment…………………… - 95 939 92 11 1,137
Depreciation.……………………………… - 183 1,918 411 46 2,558
Disposal / adjustments.…………………… - (28) (137) (54) (123) (342)
As at June 30, 2012 ` - ` 3,509 ` 45,517 ` 8,715 ` 1,819 ` 59,560
Capital work-in-progress…………………. ` 6,051
Net carrying value as at June 30, 2012 ` 59,981
*Including computer equipment and software.
5. Goodwill and intangible assets
The movement in goodwill balance is given below:
Year ended
March
31,2012
Three months
ended June
30, 2012
Balance at the beginning of the period…………… ` 54,818 ` 67,937
Translation adjustment…………………………… 7,207 5,124
Acquisition through business combination, net….. 5,912 1,651
Balance at the end of the period…………………. ` 67,937 ` 74,712
Acquisition through business combination for the three months ended June 30, 2012, includes goodwill
recognised based on provisional purchase price allocation of Promax Group under the IT Services Segment.
Goodwill as at March 31, 2012 and June 30, 2012 has been allocated to the following reportable segments:
Segment
As at March
31, 2012
As at June
30, 2012
IT Services……………...…………………… ` 49,809 ` 55,370
IT Products……………………………..…… 546 603
Consumer Care and Lighting……………...... 15,354 16,463
Others………………………………………. 2,228 2,276
Total………………………………………… ` 67,937 ` 74,712
Intangible assets
Customer
related
Marketing
related Total
Gross carrying value:
As at April 1, 2011 ` 1,943 ` 3,395 ` 5,338
Translation adjustment……………………….... 1 (29) (28)
Acquisition through business combination.......... 1,486 - 1,486
Additions………………………………………... - 33 33
As at June 30, 2011 ` 3,430 ` 3,399 ` 6,829
Accumulated amortization and impairment:
As at April 1, 2011 ` 733 ` 1,054 ` 1,787
Translation adjustment………………………… - (13) (13)
Amortization……………………………………. 92 17 109
As at June 30, 2011 ` 825 ` 1,058 ` . 1,883
Net carrying value as at June 30, 2011………... ` 2,605 ` 2,341 ` 4,946
Gross carrying value:
As at April 1, 2011 ` 1,943 ` 3,395 ` 5,338
Translation adjustment……………………….... 123 171 294
Acquisition through business combination………… 864 - 864
Additions………………………………………... - 97 97
As at March 31, 2012 ` 2,930 ` 3,663 ` 6,593

34. Intangible assets
Customer
related
Marketing
related Total
Accumulated amortization and impairment:
As at April 1, 2011 ` 733 ` 1,054 ` 1,787
Translation adjustment………………………… - 65 65
Amortization……………………………………. 429 83 512
As at March 31, 2012 ` 1,162 ` 1,202 ` 2,364
Net carrying value as at March 31, 2012……… ` 1,768 ` 2,461 ` 4,229
Gross carrying value:
As at April 1, 2012 ` 2,930 ` 3,663 ` 6,593
Translation adjustment……………………….... 82 152 234
Acquisition through business combination.......... 156 - 156
Additions………………………………………... - - -
As at June 30, 2012 ` 3,168 ` 3,815 ` 6,983
Accumulated amortization and impairment:
As at April 1, 2012 ` 1,162 ` 1,202 ` 2,364
Translation adjustment………………………… - 72 72
Amortization……………………………………. 111 28 139
As at June 30, 2012 ` 1,273 ` 1,302 ` 2,575
Net carrying value as at June 30, 2012………... ` 1,895 ` 2,513 ` 4,408
Net carrying value of marketing-related intangibles includes indefinite life intangible assets (brands and trade-
marks) of ` 1,745 and ` 1,815 as of March 31, 2012 and June 30, 2012, respectively.
Amortization expense on intangible assets is included in selling and marketing expenses in the condensed
consolidated interim statement of income.
6. Available for sale investments
Available for sale investments consists of the following:
As at March 31, 2012 As at June 30, 2012
Cost*
Gross gain
recognized
directly in
equity
Gross loss
recognized
directly in
equity Fair Value Cost*
Gross gain
recognized
directly in
equity
Gross loss
recognized
directly in
equity Fair Value
Investment in liquid and
short-term mutual funds and
others……………………….. ` 32,635 ` 96 ` (25) ` 32,706 ` 59,947 ` 205 ` - ` 60,152
Certificate of deposits……… 9,267 - (12) 9,255 9,934 19 - 9,953
Total ` 41,902 ` 96 ` (37) ` 41,961 ` 69,881 ` 224 ` - ` 70,105
*Available for sale investments include investments amounting to ` 400 (March 31, 2012: ` 400) pledged as margin money deposit
for entering into currency future contracts
7. Inventories
Inventories consist of the following:
As at
March 31, 2012 June 30, 2012
Stores and spare parts……………………………………… ` 1,271 ` 1,333
Raw materials and components.……………………………. 4,144 4,894
Work in progress…………………………………………… 1,410 1,226
Finished goods……………………………………………… 3,837 4,435
` 10,662 ` 11,888

35. 8. Cash and cash equivalents
Cash and cash equivalents as of March 31, 2012 and June 30, 2012 consist of cash and balances on deposit with
banks. Cash and cash equivalents consist of the following:
As at
March 31, 2012 June 30, 2012
Cash and bank balances…………………………………... ` 41,141 ` 20,879
Demand deposits with banks(1)
………………………… 36,525 38,973
` 77,666 ` 59,852
(1)
These deposits can be withdrawn by the Company at any time without prior notice and without any penalty on
the principal.
Cash and cash equivalent consists of the following for the purpose of the cash flow statement:
As at June 30
2011 2012
Cash and cash equivalents (as per above).. ` 50,752 ` 59,852
Bank overdrafts…………………………. (432) (555)
`` 50,320 `` 59,297
9. Other assets
As at
March 31,
2012
June 30,
2012
Current
Interest bearing deposits with corporate (1)
………………………… ` 8,410 ` 9,240
Prepaid expenses ………………..………………..………………… 5,507 6,242
Due from officers and employees…………………………………. 1,681 1,770
Finance lease receivables………………………………………....... 2,003 2,621
Advance to suppliers……………………………. ………………… 1,868 1,848
Deferred contract costs…………………………………………….. 1,659 1,865
Interest receivable……………………………….………………….. 1,123 1,678
Deposits…………………………………………………………….. 227 52
Balance with excise and customs………………………………….. 1,543 1,522
Non-convertible debenture…………………………………………. 45 129
Others……………………………………………………………….. 1,677 1,700
` 25,743 ` 28,667
Non current
Prepaid expenses including rentals for leasehold land……………. ` 3,972 ` 5,043
Finance lease receivables……..……………………………………. 5,710 4,756
Deposits…………………………………………………………….. 1,957 1,370
Non-convertible debenture…………………………………………. 84 -
Others……………………..……………..………………………….. 58 1,056
` 11,781 ` 12,227
Total………………………………………………………………... ` 37,524 ` 40,894
(1)
Such deposits earn a fixed rate of interest and will be liquidated within 12 months.
10. Loans and borrowings
A summary of loans and borrowings is as follows:
As at
March 31,
2012
June 30,
2012
Short-term borrowings from bank…………………… ` 35,480 ` 37,872
External commercial borrowing …………………….. 21,728 24,499
Obligations under finance leases……………............... 716 687
Term loans……………………………………………. 1,034 875
Total loans and borrowings………………………….. ` 58,958 ` 63,933

36. 11. Other liabilities and provisions
As at
Other liabilities: March 31,
2012
June 30,
2012
Current:
Statutory and other liabilities………… ` 4,241 ` 5,081
Employee benefit obligations……….. 3,176 3,796
Advance from customers……………. 1,157 1,358
Others………………………………… 1,129 1,175
` 9,703 ` 11,410
Non-current:
Employee benefit obligations……….. ` 3,046 ` 3,220
Others……………………………….. 473 1,173
` 3,519 ` 4,393
Total…………………………………… ` 13,222 ` 15,803
As at
March 31,
2012
June 30,
2012
Provisions:
Current:
Provision for warranty……………………... ` 306 ` 333
Others……………………………………….. 815 794
` 1,121 ` 1,127
Non-current:
Provision for warranty…………………….. ` 61 ` 29
Total……………………………………….. ` 1,182 ` 1,156
Provision for warranty represents cost associated with providing sales support services which are accrued at the
time of recognition of revenues and are expected to be utilized over a period of 1 to 2 year. Other provisions primarily
include provisions for tax related contingencies and litigations. The timing of cash outflows in respect of such provision
cannot be reasonably determined.
12. Financial instruments
Derivative assets and liabilities:
The Company is exposed to foreign currency fluctuations on foreign currency assets / liabilities,
forecasted cash flows denominated in foreign currency and net investment in foreign operations. The Company
follows established risk management policies, including the use of derivatives to hedge foreign currency assets /
liabilities, foreign currency forecasted cash flows and net investment in foreign operations. The counter party in
these derivative instruments is a bank and the Company considers the risks of non-performance by the
counterparty as non-material.
The following table presents the aggregate contracted principal amounts of the Company‟s derivative
contracts outstanding:
(In millions)
As at
March 31,
2012
June 30,
2012
Designated derivative instruments
Sell $ 1,081 $ 751
£ 4 £ 4
¥ 1,474 ¥ 1,086
€ 17 € 83
Net investment hedges in foreign
operations
Cross-currency swaps ¥ 24,511 ¥ 24,511
Others $ 262 $ 262
€ 40 € 40

37. As at
March 31,
2012
June 30,
2012
Non designated derivative instruments
Sell $ 841 $ 732
£ 58 £ 69
€ 44 € 43
AUD 31 AUD 43
Buy $ 555 $ 562
¥ 1,997 -
Cross currency swaps ¥ 7,000 ¥ 7,000
The following table summarizes activity in the cash flow hedging reserve within equity related to all derivative
instruments classified as cash flow hedges:
As at June 30,
2011 2012
Balance as at the beginning of the period…………………………………………… ` (1,226) ` (1,605)
Net (gain)/loss reclassified into statement of income on occurrence of hedged
transactions(1)
…………………………………………………………………………..
230 (11)
Deferred cancellation gains/(losses) relating to roll - over hedging…………………... 16 -
Changes in fair value of effective portion of derivatives…………………………….. 13 (2,057)
Gain/ (losses) on cash flow hedging derivatives, net………………………………….. ` 259 ` (2,068)
Balance as at the end of the period……………………………...................................... ` (967) ` (3,673)
Deferred tax thereon…………………………………………………………………… ` 176 ` 568
Balance as at the end of the period, net of deferred tax.………………………………. ` (791) ` (3,105)
(1)
On occurrence of hedge transactions, net (gain)/loss was included as part of revenues.
As at March 31, 2012, June 30, 2011 and 2012, there were no significant gains or losses on derivative
transactions or portions thereof that have become ineffective as hedges, or associated with an underlying exposure that
did not occur.
13. Investment in equity accounted investees
Wipro GE Medical Systems (Wipro GE)
The Company holds 49% interest in Wipro GE. Wipro GE is a private entity that is not listed on any public
exchange. The carrying value of the investment in Wipro GE as at March 31, 2012 and June 2012 was ` 3,232 and `
3,131 respectively. The Company‟s share of profits/(loss) of Wipro GE for the three months ended June 30, 2011 and
2012 was ` 110 and ` (101) respectively.
Wipro GE had received tax demands aggregating to ` 2,727 (including interest) arising primarily on account of
transfer pricing adjustments, denial of export benefits and tax holiday benefits claimed by Wipro GE under the Income
Tax Act, 1961 (the “Act”) for the year ended March 31, 2001 to March 31, 2008. The appeals filed against the said
demand before the Appellate authorities have been allowed in favor of the Company by first appellate authority for the
years upto March 2004 and further appeals have been filed by the Income tax authorities before the second appellate
authority. The first appellate authority has granted partial relief for the year ended March 31, 2005 and further appeal
would be preferred by the Company before the second appellate authority. The Company filed appeal before the second
appellate authority for the year ended March 31, 2006 after receiving the assessment orders following the directions of
the Dispute Resolution Panel. The second appellate authority passed an order directing assessing officer (AO) to give fair
opportunity of hearing to the company, the case is pending with AO. For the year ended March 31, 2007, the appeal filed
against the demand is pending before the first appellate authority. For the year ended March 31, 2008, company has
received draft assessment order against which objections have been filed before Dispute resolution panel.
Considering the facts and nature of disallowance and the order of the appellate authority upholding the claims of
Wipro GE, Wipro GE believes that the final outcome of the disputes should be in favour of Wipro GE and will not have
any material adverse effect on its financial position and results of operations.