Based in India, Infosys Technologies Limited (Infosys) is a global technology services firm that defines, designs and delivers information technology-enabled business solutions to its clients. The consolidated financial statements have been prepared by the company’s management in accordance with Indian GAAP. The consolidated balance sheets for the financial years ended 31 March 2010, 2011 and 2012 are provided below (Source: Annual reports 2011 and 2012). 

Required

1. What is the format of the balance sheet?

2. Prepare a simplified balance sheet with three subheadings in the assets and three sub-headings in the equity and liabilities (see Table 15.2).

3. Prepare the statement of financial structure (i.e., compute the working capital, working capital need and net cash).

4. Comment on the results and information created in questions 2 and 3.

Transcribed Image Text:

Consolidated balance sheets As at 31 March (in Rupees in crore) 2012 2011 2010 EQUITY AND LIABILITIES SHAREHOLDERS' FUNDS Share capital (Retained earnings,] reserves and surplus 286 286 286 31,046 31,332 25,690 25,976 22,763 23,049 NON-CURRENT LIABILITMES Deferred tax liabilties (net) Other long-term liabilities 270 232 123 393 93 93 232 CURRENT LIABILITIES Trade payables Other current liabilities 23 44 10 3,059 3,820 2,540 2,640 5,224 2,333 2,112 4,455 Short-term provisions 6,902 38,627 31,293 27,736 ASSETS NON-CURRENT ASSETS Fixed assets Tangible assets Intangible assets Capital work-in-progress 4,375 1,180 590 6,145 4,319 916 4,030 916 409 5,355 264 5,499 Non-current investments Deferred tax assets (net) 4 4. 535 1,667 15 2,221 321 432 Long-tem loans and advances Other non-current assets 1,466 1,791 436 CURRENT ASSETS 3,698 3,494 10,556 Current investments 368 Trade receivables Cash and cash equivalents 5,882 20,591 3,420 140 4,653 16,666 2,544 Short-term loans and advances 4,197 30,261 38,627 24,003 31,293 21,945 27,736