1、1C L O C K W O R KWorking across time zones and geographies,committed Infoscions ensure that for yourcompany,time is a resource,not a constraint,and distance,an advantage.In this AnnualReport,we will share with you how Infoscionswork with clockwork precision,amonggeographically distributed,multicult
2、uralteams,to continuously create value for yourcompanys customers.“I must govern the clock,not be governed by it.”Golda Meir2165 Financial statements(unaudited)prepared insubstantial compliance withGAAP requirements ofAustralia,Canada,France,Germany,Japan and theUnited Kingdom and reportsof complian
3、ce with respectivecorporate governancestandardsAnnual General Meeting(AGM)notice3The year at a glance4Clockwork10Awards for excellence14Letter to the shareholder17Certification by CEO and CFO18Directors reportFinancial statements prepared inaccordance with Indian GenerallyAccepted Accounting Princip
4、les(Indian GAAP)37Selective financial data39Managements discussionand analysis of financialcondition and results ofoperations54Auditors report56Balance sheet57Profit and loss account58Schedules75Cash flow statement77Balance sheet abstract andcompanys generalbusiness profile78Consolidated financialst
5、atements prepared inaccordance with Indian GAAP94Section 212 report95Financial statements ofProgeon Limited110 Risk management report117 Corporate governance report137 Shareholder information142Frequently askedquestions146Share performance chart147Intangible assetsscore sheet150Human resourcesaccoun
6、ting andvalue-added statement151Brand valuation153Balance sheet(includingintangible assets)154Current-cost-adjustedfinancial statements156Economic Value-Added(EVA)statement157Ratio analysis160Statutory obligations161ValueReportingTM162Management structure163 Infosys FoundationC o n t e n t s33,6232,