investor sheet

7/28/2019 Investor Sheet

1/13

INDIAN GAAP FINANCIAL STATEMENTS

Jun-13

Rs. crores FY 03 FY 04 FY 05 FY 06 FY 07 FY 08 FY 09 FY 10 FY 11 FY 12 FY 13 Q1 14

Income 3,640 4,853 7,130 9,521 13,893 16,692 21,693 22,742 27,501 33,734 40,352 11,267

Software development expenses 1,823 2,539 3,765 5,066 7,458 9,207 11,765 12,071 15,916 19,808 25,280 7,319

Gross Profit 1,817 2,314 3,365 4,455 6,435 7,485 9,928 10,671 11,585 13,926 15,072 3,948

Sales and marketing expenses 272 351 461 600 929 916 1,104 1,184 1,512 1,757 2,034 584

General and administration expenses 276 369 569 764 1,115 1,331 1,629 1,626 1,971 2,390 2,609 700

S, G & A 547 720 1,030 1,364 2,044 2,247 2,733 2,810 3,483 4,147 4,643 1,284

Operating profit (EBIDTA) 1,270 1,594 2,335 3,091 4,391 5,238 7,195 7,861 8,102 9,779 10,429 2,664

Interest - - - - - - - - - -Depreciation and amortization 190 237 287 437 514 598 761 905 - - - -

Operating Profit after Interest, Deprn and 1,079 1,357 2,048 2,654 3,877 4,640 6,434 6,956 8,102 9,779 10,429 2,664

Other income 100 123 124 139 372 704 475 934 1,211 1,904 2,359 577

Provision for investments 24 10 (0) 1 2 - 2 (9) - - -

Profit before tax, minority interest and ex 1,156 1,471 2,172 2,792 4,247 5,344 6,907 7,899 9,313 11,683 12,788 3,241

Provision for taxation 201 228 326 313 386 685 919 1,681 2,490 3,367 3,367 867

Profit after tax but before minority intere 955 1,244 1,847 2,479 3,861 4,659 5,988 6,218 6,823 8,316 9,421 2,374

Extraordinary income - - 45 - 6 - - 48 - - - -

Minority interest - - 0 21 11 - - - - - - -

Net profit after tax, minority interest and 955 1,244 1,892 2,458 3,856 4,659 5,988 6,266 6,823 8,316 9,421 2,374

EPS before exceptional item

Basic 144.20 46.85 68.79 45.03 69.11 81.53 104.60 108.99 119.45 145.55 164.87 41.54

Fully Diluted 142.89 46.27 67.00 43.78 67.59 81.26 104.43 108.87 119.41 145.54 164.87 41.54

EPS after exceptional item

Basic 144.20 46.85 70.48 45.03 69.22 81.53 104.60 109.84 119.45 145.55 164.87 41.54

Fully Diluted 142.89 46.27 68.64 43.78 67.70 81.26 104.43 109.72 119.41 145.54 164.87 41.54

Shares outstanding

Basic, Millions 66.21 66.36 268.42 272.99 556.85 571.40 572.49 570.48 571.18 571.4 571.4 571.40

Fully Diluted, Millions 66.82 67.20 275.58 280.83 569.34 573.31 573.46 571.12 571.37 571.4 571.4 571.40

Balance sheet - as per IFRS Jun-13FY 11 FY 12 FY 13 Q1 14

Assets

Cash and Equivalents 16,666 20,591 21,832 21,120

Available-for-sale financial assets 21 32 1,739 2,448

Investments in certificate of deposits 123 345 0 0

Trade receivables 4,653 5,882 7,083 8,167

Unbilled Revenues 1,243 1,873 2,435 2,664

Derivative financial instruments 66 0 101 0

Income tax assets 0 0 0

Prepayments and other Current assets 917 1,523 2,123 2,446

Total current assets 23,689 30,246 35,313 36,845

Non-current assets

Property, plant and equipment 4,844 5,409 6,468 6,678

Goodwill 825 993 1,976 2,080

Intangible assets 48 173 368 381Available-for-sale financial assets 23 12 394 516

Investment in govt bonds 0 0

Deferred income tax assets 378 316 503 513

Income tax assets 993 1,037 1,092 1,105

Other Non Current Assets 463 162 237 165

Total non-current assets 7,574 8,102 11,038 11,438

Total Assets 31,263 38,348 46,351 48,283

Liabilities and equity

Trade payables 44 23 189 74

Derivative financial instruments 42 0 273

Current income tax liabilities 817 1,054 1,329 1,708

Client deposits 22 15 36 26

Unearned revenue 518 545 823 834

Employee benefit obligations 140 498 614 688

Provisions 88 133 213 217

Other current liabilities 2,012 2,456 3,082 3,550

Total current liabilities 3,641 4,766 6,286 7,370

Non-current liabilities

Deferred income tax liabilities 12 119 139

Non-current liabilities 60 109 149 199

Employee benefit obligations 259 0 0 0

Total liabilities 3,960 4,887 6,554 7,708

Equity

Share capital 286 286 286 286

Share premium 3,082 3,089 3,090 3,090

Retained earnings 23,826 29,816 36,114 36,647

Other components of equity 109 270 307 552

Minority interest 0 0 0 0Total e uit 27,303 33,461 39,797 40,575

Total liabilities and equity 31,263 38,348 46,351 48,283


2/13

Income Statement ($ m)

Jun-13

FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 Q1 14

Revenues 4,176 4,663 4,804 6,041 6,994 7,398 1,991

Cost of sales 2,453 2,699 2,749 3,497 4,118 4,637 1,296Gross Profit 1,723 1,964 2,055 2,544 2,876 2,761 695

Selling and marketing expenses 230 239 251 332 366 373 103

Administrative expenses 334 351 344 433 497 479 124

Total operating expenses 564 590 595 765 863 852 227

Operating profit 1,159 1,374 1,460 1,779 2,013 1,909 468

Other income (expenses) 4 (86) 28 12 15 62 4

Finance income 171 187 181 255 382 371 99

Profit before income taxes 1,334 1,475 1,669 2,046 2,410 2,342 571

Income tax expense 171 194 356 547 694 617 153

Profit after tax 1,163 1,281 1,313 1,499 1,716 1,725 418

Attributable to:

Minority Interest - - - - - - -

Equity holders of the company 1,163 1,281 1,313 1,499 1,716 1,725 418

Net profit 1,163 1,281 1,313 1,499 1,716 1,725 418

Earnings per equity share

Basic ($) $2.04 $2.25 $2.30 $2.62 $3.00 $3.02 $0.73

Diluted ($) $2.04 $2.25 $2.30 $2.62 $3.00 $3.02 $0.73

Weighted average equity shares

Basic 568.6 569.7 570.5 571.2 571.4 571.4 571.4

Diluted 570.5 570.6 571.1 571.4 571.4 571.4 571.4


3/13

Balance Sheet ($ m)

Jun-13

FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 Q1 14

Assets

Cash and Equivalents 2,058 2,167 2,698 3,737 4,047 4,021 3,556Available-for-sale financial assets 18 - 561 5 6 320 412

Investments in certificate of deposit - - 265 27 68 - -

Trade receivables 824 724 778 1,043 1,156 1,305 1,375

Unbilled Revenues 120 148 187 279 368 449 449

Derivative financial instruments - - 21 15 - 19 -

Income tax assets - - -

Prepayments and other assets 107 81 143 206 300 391 412

Total current assets 3,127 3,120 4,653 5,312 5,945 6,505 6,204

Non-current assets

Property, plant and equipment 1,022 920 989 1,086 1,063 1,191 1,124

Goodwill 174 135 183 185 195 364 350

Intangible assets 11 7 12 11 34 68 64

Available-for-sale financial assets 8 5 2 72 87

Investments in govt bonds - -Deferred income tax assets 73 88 78 85 62 94 87

Income tax assets 55 54 148 223 204 201 186

Other Assets 45 52 77 103 32 44 28

Total non-current assets 1,380 1,256 1,495 1,698 1,592 2,034 1,926

Total Assets 4,507 4,376 6,148 7,010 7,537 8,539 8,130

Liabilities and equity

Trade payables 12 5 2 10 5 35 12

Derivative financial instruments 29 22 - - 9 - 46

Current income tax liabilities 101 115 161 183 207 245 288

Tax on dividend - - - - - - -

Client deposits 1 1 2 5 3 6 4

Unearned revenue 71 65 118 116 107 152 140

Employee benefit obligations 22 21 29 31 98 113 116

Provisions 13 18 18 20 26 39 36

Other current liabilities 300 290 380 451 482 568 598

Total current liabilities 549 537 710 816 937 1,158 1,240

Non-current liabilities

Deferred income tax liabilities - 7 26 - 2 23 24

Non-current liabilities 42 48 13 14 22 27 34

Employee benefit obligations - 38 58 - - -

Total liabilities 591 592 787 888 961 1,208 1,298

Equity

Share capital 64 64 64 64 64 64 64

Share premium 655 672 694 702 703 704 704

Retained earnings 2,896 3,618 4,611 5,294 6,509 7,666 7,776


4/13

Other components of equity 301 (570) (8) 62 (700) (1,103) (1,712)

Minority interest - - -

Total equity 3,916 3,784 5,361 6,122 6,576 7,331 6,832

Total liabilities and equity 4,507 4,376 6,148 7,010 7,537 8,539 8,130


5/13

Operating MetricsOperating metrics

FY 2003 FY 2004 FY 2005 FY 2006 FY 2007 FY 2008 FY 09 FY 10 FY 11 FY 1

Em lo ee Metrics

Employees, period end

Total Employees (Consolidated) 15,356 25,255 36,750 52,715 72,241 91,187 104,850 113,796 130,820 149,

S/W professionals (IT Services and Consulting) 14,001 21,765 30,692 42,894 57,493 69,569 81,219 89,947 106,696 122,

Billable 12,747 19,205 28,781 36,361 52,751 64,422 70,794 76,828 92,183 105,

Banking Product Group 572 604 1,240 1,863 2,053 2,053 2,349 4,730 6,220 8,

Trainees 682 1,956 671 4,670 2,689 3,094 8,076 8,389 8,293 8,

Support and sales 1,355 1,612 2,092 2,800 3,522 5,323 6,551 5,917 6,011 7,4.88% 5.84%

Infosys BPO 520 1,878 3,966 7,021 11,226 16,295 17,080 17,932 18,113 20,

Gross additions - consolidated 12,277 14,981 22,868 30,946 33,177 28,231 27,639 43,120 45,

Net additions - consolidated 9,758 11,116 15,965 19,526 18,946 13,663 8,946 17,024 19,

Laterals hired - consolidated 1,995 3,632 4,842 8,023 8,523 5,796 4,915 15,883 14,

LTM Attrition (Standalone) 6.9% 10.1% 10.1% 11.2% 13.7% 13.4% 11.1% 13.4% 17.0% 14

Voluntary LTM Attrition (Standalone) 12.2% 12.1% 9.1% 10.4% 15.5% 14

Effort IT Services and Consultin

Onsite-Offshore Effort Split

Onsite 35.7% 33.3% 31.5% 31.7% 32.9% 31.7% 30.4% 29.0% 29.4% 30

Offshore 64.3% 66.7% 68.5% 68.3% 67.1% 68.3% 69.6% 71.0% 70.6% 69

Utilization measures (IT Services and Consulting)

Including trainees 76.6% 72.5% 71.5% 69.7% 67.7% 69.4% 67.3% 65.7% 70.3% 66

Excluding trainees 81.3% 81.3% 78.7% 77.1% 76.0% 75.8% 72.5% 72.6% 78.2% 74

Utilization measures (IT Services and Consulting + Product)

Including trainees 77.6% 73.4% 72.6% 71.0% 69.1% 70.7% 68.9% 67.5% 72.1% 69

Excluding trainees 82.2% 82.0% 79.6% 78.1% 77.1% 76.9% 73.9% 74.2% 79.6% 75

Revenue segmentation

Revenue by geography

North America 73.0% 71.2% 65.2% 64.8% 63.3% 62.0% 63.2% 65.8% 65.3% 63

Europe 17.7% 19.2% 22.3% 24.5% 26.4% 28.1% 26.4% 23.0% 21.5% 2

India 2.1% 1.4% 1.9% 1.7% 1.6% 1.3% 1.3% 1.2% 2.2% 2ROW 7.2% 8.2% 10.6% 9.0% 8.7% 8.6% 9.1% 10.0% 11.0% 12

Total 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100

Revenue by industry - new classification

FSI (Financial Services and Insurance) 34.0% 35.9% 35

Banking & financial services 26.3% 27.7% 2

Insurance 7.7% 8.1%

Manufacturing 19.8% 19.6% 20

RCL (Retail, Logistics, CPG and Life Sciences) 20.3% 20.5% 23

Retail & CPG 13.3% 14.2% 1

Transport & Logistics 2.0% 1.9%

Life Sciences 3.8% 3.5%

Healthcare 1.1% 1.0%

ECS (Energy & Utilities, Communications and Services) 25.9% 24.0% 21

Energy & Utilities 5.9% 6.1%

Communication and Services 16.1% 12.9% 1

Others 3.9% 5.0%

Total 100.0% 100.0% 100

Contract type (IT Services and Consulting)

Fixed price 36.7% 34.1% 30.8% 29.3% 28.0% 32.9% 37.5% 40.9% 42.4% 4

Time and Material 63.3% 65.9% 69.2% 70.7% 72.0% 67.1% 62.5% 59.1% 57.6% 59

Total 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100

Revenue by service offering - new classification

Business Operations 63.5% 63

Application Development 16.0% 16

Application Maintenance 22.9% 2

Infrastructure Management Services 6.3% 6

Testing Services 7.5% 7

Business Process Management 5.6% 4

Product Engineering Services 2.4% 3

Others 2.8% 2

Consulting & Systems Integration 31.2% 31

Products, Platforms and Solutions 5.3% 5

Products 4.9% 4

BPM Platforms 0

Others 0.4% 0

Total 100.0% 100

Client metrics

Top client contribution to revenues 5.8% 5.0% 5.5% 4.4% 7.0% 9.1% 6.9% 4.6% 4.7% 4

Top 5 client contribution to revenues 23.4% 22.6% 21.0% 17.8% 19.4% 20.9% 18.0% 16.4% 15.4% 15

Top 10 client contribution to revenues 37.3% 36.0% 33.6% 30.3% 31.4% 31.4% 27.7% 26.2% 25.7% 24

Number of active clients 345 393 438 460 500 538 579 575 620


6/13

Operating MetricsFY 2003 FY 2004 FY 2005 FY 2006 FY 2007 FY 2008 FY 09 FY 10 FY 11 FY 12

New clients added in the period 92 119 136 144 160 170 156 141 139 172

Repeat business % 91.9% 93.4% 95.4% 95.0% 95.3% 97.0% 97.6% 97.3% 98.0% 97.8%

Million $ clients 115 131 166 221 275 310 327 338 366 399

5 Million $ clients 41 51 71 81 107 141 151 159 187 190

10 Million $ clients 16 25 42 54 71 89 101 97 126 132

20 Million $ clients 9 12 19 26 36 47 59 59 73 79

30 Million $ clients 3 6 11 19 25 32 39 41 53 64

40 Million $ clients 2 4 8 14 16 22 30 33 41 50

50 Million $ clients 3 5 9 12 18 20 26 28 4060 Million $ clients 3 5 11 13 16 16 24 28

70 Million $ clients 1 4 9 12 12 12 19 23

80 Million $ clients 1 1 4 10 10 10 15 17

90 Million $ clients 1 4 6 7 8 11 16

100 Million $ clients 3 6 4 6 11 13

200 Million $ clients 1 1 1 1 2 2

300 Million $ clients 1 1 - - 1

Effort and Utilization (IT Services and Consulting)

Effort - Person-months

Onsite 36,769 51,237 72,425 95,673 134,767 165,595 181,811 184,535 231,162 265,380

Offshore 66,309 102,852 157,804 206,580 274,989 357,196 415,550 452,801 555,015 607,856

Billed 103,078 154,089 230,229 302,253 409,756 522,790 597,361 637,336 786,177 873,237

Non-billed 23,641 35,425 62,329 90,003 129,559 167,187 226,988 240,985 219,298 305,490

Training 7,790 23,058 29,335 41,561 65,859 63,606 62,757 92,445 112,215 126,636

Total professionals 134,509 212,572 321,893 433,817 605,174 753,583 887,106 970,766 1,117,690 1,305,363

Support 13,444 14,446 19,078 26,235 34,142 38,484 48,998 57,162 66,625 79,962

Total 147,953 227,018 340,971 460,052 ##### ##### 936,103 1,027,928 1,184,315 ######

Qoq change in per capita productivity - reported

Onsite -2.5% -2.8% 0.2% 0.3% 4.4% 6.9% -1.8% 0.0% 5.4% 2.2%

Offshore -6.6% -2.5% 1.1% 0.9% 2.7% 6.1% -1.8% -5.1% -3.2% 5.1%

Blended 0.2% -5.0% -1.0% 0.7% 4.9% 5.2% -3.0% -4.0% 1.7% 4.7%

Qoq change in per capita productivity - constant currency

Onsite 1.7% -0.1% 5.2% 0.7%

Offshore 1.6% -5.2% -3.4% 3.6%

Blended 0.4% -4.1% 1.5% 3.2%

Avg USD-INR rate 48.35 45.78 44.87 44.21 45.06 40.00 46.54 47.44 45.54 48.1

Period end USD-INR rate 47.53 43.40 43.60 44.48 43.10 40.02 50.72 44.90 44.60 50.8

Currency-wise revenues

USD 89.0% 84.9% 79.4% 77.4% 72.9% 69.5% 71.1% 73.3% 72.8% 71.7%

GBP 3.7% 4.2% 6.5% 8.6% 12.5% 14.9% 12.7% 9.2% 7.2% 6.8%

Euro 4.3% 5.1% 4.9% 4.5% 4.8% 5.7% 7.1% 6.9% 6.9% 7.7%

AUD 1.2% 2.3% 5.9% 4.7% 5.0% 4.8% 4.6% 5.8% 6.5% 7.6%

Subsidiary performance

Revenues - $ m

Infy BPO 42.85 85.55 147.52 235.20 279.46 293.38 323.06 365.97

Infy Australia 67.58 72.71 99.21 139.08 119.01 150.40 216.30 308.34

Infy China 1.87 5.91 13.24 19.18 27.44 47.88 78.98 102.09

Infy Mexico 0.63 7.82 14.86 21.75 25.84

Infy Sweden 2.22 2.49 2.12

Infy Brazil 1.78 11.23 14.34

Infosys Public Services Inc - - 38.92

Infosys Technologies (Shanghai) Co. Ltd. - 0.03

Lodestone Holding AG

Net profit/ (loss) - $ m

Infy BPO 6.64 21.09 31.95 34.90 40.67 50.75 43.16 61.89

Infy Australia (0.37) 4.15 15.89 25.37 9.95 9.79 18.34 25.67

Infy China (1.87) (3.73) (6.52) (1.68) (2.29) 9.23 8.73 2.49

Infy Mexico (1.81) (1.74) (0.10) (0.20) 2.04Infy Sweden 0.07 0.13 (0.01

Infy Brazil (1.61) (1.86) (3.56

Infosys Public Services Inc (0.03) (0.31) (0.84

Infosys Technologies (Shanghai) Co. Ltd. (0.01) (1.05

Lodestone Holding AG

DSO (US GAAP) 53 52 69 61 67 72 57 59 63 60

Constant currency growth (qoq %) 3.0% 25.5%

By geography

- North America

- Europe

- ROW

B vertical

FSI (Financial Services and Insurance)

Manufacturing

RCL (Retail, Logistics, CPG and Life Sciences)

ECS (Energy & Utilities, Communications and Services)

Cash and bank balances ($ mn) 2,167 3,532 3,769 4,121

comprising of

- Cash and bank de osits 1,911 2,351 3,385 3,746

- De osits with cor orations 256 347 352 301


7/13

Operating MetricsFY 2003 FY 2004 FY 2005 FY 2006 FY 2007 FY 2008 FY 09 FY 10 FY 11 FY 12

- Available-for-sale financial assets - 569 5 6

- Investments in certificate of deposits 265 27 68

Cash and bank deposits comprising of

- Current accounts 178 251 174 195

- Deposit accounts 1,733 2,100 3,211 3,551

Total 1,911 2,351 3,385 3,746

For details on balances with individual Banks/FIs, pls refer to notes to accounts in Indian GAAP and IFRS financial statements at

http://www.infosys.com/investors/default.asp


8/13

IFRS CASH FLOW STATEMENT ($ m)

FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 Q1 14

OPERATING ACTIVITIES

Net profit 1,163 1,281 1,313 1,499 1,716 1,725 418

Adjustments to reconcile net income to net cash provided by operating activities

Depreciation and amortization 149 165 199 189 195 207 56

Share-based compensation 3 1 - - - - -Income tax expense 171 194 356 547 693 617 153

Income on investments - (3) (36) (22) (8) (45) (7)

Other non cash item 1 1 1 1 -

Deferred purchase price 10 7

Effect of exchange rate changes on assets and liabilities 4 6

Changes in working capital, net of acquisition

Trade accounts receivable (211) (81) 41 (254) (247) (181) (191)

Prepayment and other assets (49) 11 (49) (52) (13) (83) (19)

Unbilled revenues (41) (58) (19) (88) (131) (87) (40)

Trade payables 7 (6) (4) 7 (5) 23 (20)

Client deposits 1 - 1 3 (1) 4 (2)

Unearned revenue (6) 10 42 (3) 6 49 2

Other liabilities and provisions 109 89 (18) 98 123 97 146

Cash generated from operations 1,296 1,603 1,827 1,925 2,329 2,341 509Income taxes paid (137) (194) (370) (627) (656) (603) (91)

Net cash provided by operating activities 1,159 1,409 1,457 1,298 1,673 1,738 418

INVESTING ACTIVITIES

Payment for acquisition of business, net of cash acquired (26) (4) (37) - (42) (213) -

Expenditure on property, plant and equipment (373) (285) (143) (285) (301) (354) (87)

Payment on acquisition of IPR (19) (30) -

Proceeds on sale of property, plant and equipment 1 - - - -

Loans to employees 1 (1) 2 (7) (5) (11) (5)

Non-current deposits with corporations (7) (20) (6) (22) (23) (45) (2)

Acquisition of minority interest in subsidiary (6) - - - - - -

Income on investments - 3 22 5 6 41 6

Investments in govt. bonds (12) (20)

Investments in listed debt securities (57) -Proceeds from sale of available-for-sale financial assets 12 - - - -

Investment in available-for-sale financial assets (511) (186) (2,091) (425) (1,247) (4,029) (1,027)

Redemption of available-for-sale financial assets 500 202 1,559 973 1,245 3,716 902

Investments in certificate of deposits - (41) (249) (185) (75) - -

Redemption of certificate of deposits - 41 - 436 31 67 -

Net cash used in investing activities (422) (291) (930) 490 (430) (927) (233)

FINANCING ACTIVITIES

Proceeds on issuance of shares on exercise of employee stock options 15 14 20 5 1 1 -

Repayment of borrowings (16) -

Payment of dividends (209) (559) (330) (816) (501) (489) (258)

Income tax benefit arising on exercise of share options - - - - - (79) (44)

Net cash used in financing activities (194) (545) (310) (811) (500) (583) (302)

Effect of exchange rate changes on cash 121 (464) 304 62 (433) (254) (348)

Net increase in cash and cash equivalents during the period 543 573 217 977 743 228 (117)

Cash and cash equivalents at the beginning of the period 1,394 2,058 2,167 2,698 3,737 4,047 4,021

Opening balance of cash and equivalents arising on consolidation on controlled trusts 10 - -

Cash and cash equivalents at the end of the period 2,058 2,167 2,698 3,737 4,047 4,021 3,556

Supplementary information:

Restricted cash balance 1 - 16 24 52 56 53


9/13

Segmental Information

Segment performance

FSI MFG ECS RCL TotalNorth

AmericaEurope India

Rest of

the

world

Total

Q1 14

Revenues 671 448 380 492 1,991 1,223 470 52 246 1,991

Identifiable operating expenses 311 229 175 239 954 591 230 24 109 954

Allocated expenses 168 117 99 129 513 319 122 11 61 513

Segmental operating income 192$ 102$ 106$ 124$ 524$ 313$ 118$ 17$ 76$ 524$

Identif iable O t Inc Mar in 28.6% 22.8% 27.9% 25.2% 26.3% 25.6% 25.1% 32.7% 30.9% 26.3%

Unallocable expenses 56 56

Operating income $ 468 $ 468

Operating income margin 23.51% 23.51%

Other income (expense), net 103 103

Net income before taxes $ 571 $ 571

Taxes 153 153

Net income after taxes $ 418 $ 418

FY 13

Revenues 2,508 1,629 1,491 1,770 7,398 4,601 1,713 154 930 7,398Identifiable operating expenses 1,115 776 682 778 3,351 2,065 786 91 409 3,351

Allocated expenses 637 431 394 468 1,930 1,216 448 35 231 1,930

Segmental operating income 756$ 422$ 415$ 524$ 2,117$ 1,320$ 479$ 28$ 290$ 2,117$

Identifiable Optg Inc Margin 30.1% 25.9% 27.8% 29.6% 28.6% 28.7% 28.0% 18.2% 31.2% 28.6%


Operating income $ 1,909 $ 1,909

O eratin income mar in 25.80% 25.80%


Net income before taxes $ 2,342 $ 2,342

Taxes 617 617

Net income after taxes $ 1,725 $ 1,725

Q4 13Revenues 658 431 387 462 1,938 1,167 485 46 240 1,938










Taxes 138 138


Q3 13

Revenues 644 415 392 460 1,911 1,165 459 43 244 1,911










Taxes 149 149


Q2 13

Revenues 605 397 363 432 1,797 1,147 393 30 227 1,797



Segmental operating income 188$ 111$ 88$ 135$ 522$ 354$ 109$ (4)$ 63$ 522$

Identifiable Optg Inc Margin 31.1% 28.0% 24.2% 31.3% 29.0% 30.9% 27.7% -13.3% 27.8% 29.0%






Taxes 170 170


Q1 13

Revenues 601 386 349 416 1,752 1,122 376 35 219 1,752




Identif iable O t Inc Mar in 30.9% 29.8% 28.4% 32.5% 30.5% 31.0% 27.1% 25.7% 34.7% 30.5%




Other income (expense), net 87 87Net income before taxes $ 576 $ 576

Taxes 160 160



10/13

Segmental InformationFY 12

Revenues 2,453 1,438 1,500 1,603 6,994 4,468 1,532 155 839 6,994

Identifiable operating expenses 1,047 631 625 668 2,971 1,892 668 77 334 2,971

Allocated expenses 616 378 396 424 1,814 1,177 397 35 205 1,814

Segmental operating income 790$ 429$ 479$ 511$ 2,209$ 1,399$ 467$ 43$ 300$ 2,209$

Identifiable O t Inc Mar in 32.2% 29.8% 31.9% 31.9% 31.6% 31.3% 30.5% 27.7% 35.8% 31.6%


Operating income $ 2,013 $ 2,013



Net income before taxes $ 2,410 $ 2,410

Taxes 694 694

Net income after taxes $ 1,716 $ 1,716

Q4 2012

Revenues 607 377 381 406 1,771 1,104 409 36 222 1,771





Unallocable expenses 49 49Operating income $ 528 $ 528




Taxes 196 196


Q3 2012

Revenues 637 369 382 418 1,806 1,151 408 37 210 1,806










Taxes 184 184


Q2 2012

Revenues 618 352 376 400 1,746 1,140 359 38 209 1,746



Segmental operating income 193$ 100$ 126$ 123$ 542$ 356$ 101$ 11$ 74$ 542$Identifiable Optg Inc Margin 31.2% 28.4% 33.5% 30.8% 31.0% 31.2% 28.1% 28.9% 35.4% 31.0%






Taxes 164 164


Q1 2012

Revenues 591 340 361 379 1,671 1,073 356 44 198 1,671


Allocated expenses 151 91 98 102 442 289 94 10 49 442Segmental operating income 171$ 94$ 108$ 112$ 485$ 310$ 98$ 12$ 65$ 485$







Taxes 150 150


FY 2011Financial

services

Manufact

uringTelecom Retail Others Total

Revenues 2,166 1,185 779 856 1,055 6,041 3,944 1,303 132 662 6,041

Identifiable operating expenses 906 508 311 362 462 2,549 1,683 541 61 264 2,549

Allocated expenses 539 302 198 218 266 1,523 1,001 327 32 163 1,523

Segmental operating income 721$ 375$ 270$ 276$ 327$ 1,969$ 1,260$ 435$ 39$ 235$ 1,969$

Identifiable Optg Inc Margin 33.3% 31.6% 34.7% 32.2% 31.0% 32.6% 31.9% 33.4% 29.5% 35.5% 32.6%


Operating income $ 1,779 1,779$



Net income before taxes $ 2,046 2,046$

Taxes 547 547

Net income after taxes $ 1,499 1,499$

Q4 FY 2011Financial

services

Manufact


Revenues 572 327 190 232 281 1,602 1,021 355 43 183 1,602

Identifiable operating expenses 242 139 74 95 124 674 432 148 21 73 674

Allocated expenses 141 87 51 62 74 415 271 90 10 44 415


11/13

Segmental InformationSegmental operating income 189$ 101$ 65$ 75$ 83$ 513$ 318$ 117$ 12$ 66$ 513$



Operating income $ 464 464$



Net income before taxes $ 556 556$

Taxes 154 154

Net income after taxes $ 402 402$

Q3 FY 2011Financial

services

Manufact


Revenues 574 310 198 230 273 1,585 1,025 346 34 180 1,585



Segmental operating income 191$ 100$ 75$ 79$ 83$ 528$ 333$ 118$ 10$ 67$ 528$





Other income (expense), net 65 65Net income before taxes $ 544 544$

Taxes 147 147


Q2 FY 2011Financial

services

Manufact


Revenues 530 283 199 215 269 1,496 983 326 32 155 1,496










Taxes 135 135


Q1 FY 2011Financial

services

Manufact


Revenues 490 265 192 179 232 1,358 915 276 23 144 1,358










Taxes 111 111


FY 2010Financial

services

Manufact


Revenues 1,633 951 773 640 807 4,804 3,162 1,105 58 479 4,804


Allocated expenses 412 241 196 162 204 1,215 799 279 15 122 1,215Segmental operating income 573$ 290$ 306$ 216$ 275$ 1,660$ 1,081$ 385$ 26$ 168$ 1,660$







Taxes 356 356


Q4 FY 2010Financial

services

Manufact


Revenues 451 261 198 168 218 1,296 856 291 19 130 1,296






Operating income 390 390$




Taxes 96 96


Q3 FY 2010Financial

services

Manufact


Revenues 425 237 200 161 209 1,232 820 269 15 128 1,232




12/13








Taxes 98 98


Q2 FY 2010Financial

services

Manufact


Revenues 387 223 186 163 195 1,154 760 268 14 112 1,154








Other income (expense), net 49 49Net income before taxes $ 399 399$

Taxes 82 82


Q1 FY 2010Financial

services

Manufact


Revenues 370 230 189 148 185 1,122 726 277 10 109 1,122










Taxes 80 80


FY 2009Financial

services

Manufact


Revenues 1,582 920 844 585 732 4,663 2,949 1,230 60 424 4,663


Allocated expenses 418 243 221 154 197 1,233 780 325 15 113 1,233

Segmental operating income 507$ 284$ 313$ 190$ 246$ 1,540$ 937$ 413$ 31$ 159$ 1,540$







Taxes 194 194


Q4 FY 2009Financial

services

Manufact


Revenues 370 233 188 151 179 1,121 724 273 17 107 1,121


Allocated expenses 98 62 49 40 49 298 193 72 4 29 298Segmental operating income 121$ 71$ 67$ 52$ 63$ 374$ 235$ 89$ 9$ 41$ 374$







Taxes 60 60


Q3 FY 2009Financial

services

Manufact


Revenues 409 230 196 147 189 1,171 755 299 14 103 1,171










Taxes 48 48


Q2 FY 2009Financial

services

Manufact


Revenues 405 244 232 147 188 1,216 747 342 15 112 1,216




13/13



Unallocable expenses 44$ $ 44



Other income (expense), net 15$ 15$


Taxes 56$ 56$


Q1 FY 2009Financial

services

Manufact


Revenues 398 213 228 140 176 1,155 723 316 14 102 1,155








Other income (expense), net 28$ 28$Net income before taxes $ 336 336$

Taxes 30$ 30$


FY 2008Financial

services

Manufact


Revenues 1,494 615 900 492 675 4,176 2,589 1,172 55 360 4,176


Allocated expenses 420 172 253 139 189 1,173 727 329 16 101 1,173

Segmental operating income 463$ 173$ 320$ 148$ 209$ 1,313$ 768$ 391$ 28$ 126$ 1,313$



Operating income $ 1,151 1,151$Operating income margin 27.56% 27.56%

Other income (expense), net 175$ 175$


Taxes 171$ 171$


investor sheet

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