Appendix 1-2 Financial Statements and Selected Notes from the Annual Report of INFOSYS. Please refer to pages 85-148 of the 2009 annual report of Infosys. Its web address is www.infosys.com. https://www.infosys.com/investors/reports-filings/annual-report/annual/Documents/Infosys-AR-09.pdf

Appendix 1-2 (refers you to) the financial statements (including selected notes) and auditors report for Infosys Technologies Limited. Infosys was incorporated in 1981 as Infosys Consultants Private Limited, as a private company under the Indian Companies Act. Its name eventually evolved into Infosys Technologies Limited in 1992, when the company went public. Its mission is to provide high quality and cost competitive technology solutions for companies around the world. It has grown into a $5 billion company with a market capitalization in excess of $15 billion.

In examining the information (referred to) in Appendix 1-2, comment on how the statements of Infosys stack up to other companies in the industry in meeting the information needs of a nondomestic investor such as yourself. Specifically, what reporting practices raise issues for you? What reporting practices do you find particularly helpful? In preparing your critique, compare the reporting practices of Infosys to a service provider in your country, most of whom maintain corporate Web sites on the Internet.