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_____________________________________________________<strong>ITC</strong> INFOTECH LIMITED<br />

12. Leasing commitments<br />

At 31 March 2009 the company had annual commitments under non-cancellable operating leases<br />

as set out below.<br />

2009 2008<br />

Operating leases<br />

which expire:<br />

Land &<br />

Unaudited<br />

Land & Other<br />

Unaudited<br />

Other<br />

Items Land &<br />

Unaudited<br />

Land &<br />

Unaudited<br />

Other Other Items<br />

Buildings Buildings Items<br />

Buildings Buildings Items<br />

£ Rs £ Rs £ Rs £ Rs<br />

Within 1 year 55,995 4,059,073 2,329 168,814 1,991 160,790 - -<br />

Within 1 to 2 years 66,478 4,819,022 - - - - - -<br />

Within 2 to 5 years 2,223 161,145 - - 3,890 314,233<br />

<br />

122,473 8,878,095 4,552 329,959 1,991 160,790 3,890 314,233<br />

<br />

13. Capital commitments<br />

There were no capital commitments at 31 March 2009 or 31 March 2008.<br />

14. Contingent liabilities<br />

There were no contingent liabilities at 31 March 2009 or 31 March 2008.<br />

15. Share capital<br />

Authorised share capital:<br />

Unaudited<br />

Unaudited<br />

2009 2009 2008 2008<br />

£ Rs £ Rs<br />

1,629,700 Ordinary shares of £1 each 1,629,700 118,136,953 1,629,700 31,637,999<br />

<br />

Allotted, called up and fully paid:<br />

2009 2008<br />

No £ Rs No £ Rs<br />

Ordinary shares of £1 each 685,815 685,815 49,714,729 685,815 685,815 55,396,278<br />

<br />

Equity shares<br />

Ordinary shares of £1 each 685,815 685,815 49,714,729 685,815 685,815 55,396,278<br />

<br />

16. Profit and loss account<br />

Unaudited<br />

£ Rs<br />

At 1 April 2008 1,990,728 144,307,872<br />

Profit for the financial year 1,023,752 74,211,757<br />

Other recognised gains and losses (833) (60,390)<br />

Equity dividends paid - -<br />

<br />

At 31 March 2009 3,013,647 218,459,239<br />

<br />

For simplicity, the brought forward Rupee amounts at 1 April 2008 have been translated at the 31<br />

March 2009 exchange rate.<br />

277

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