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<strong>KPIT</strong> Infosystems GmbH Cash Flow Statement for year ended Pursuant to Section 212 of the Companies Act, 1956 March 31, 2011 March 31, 2010 EUR ` EUR ` A] CASH FLOW FROM OPERATING ACTIVITIES Net profi t/(loss) before tax and extraordinary items Adjustments for 271,048 16,357,967 (270,095) (18,044,788) Depreciation 7,175 515,814 7,548 349,073 Interest and fi nancial charges 10,162 613,314 12,815 856,126 Interest income (1,208) (72,903) (1,752) (117,079) Cash fl ow before working capital changes Adjustments for 287,177 17,414,192 (251,484) (16,956,668) (Increase)/decrease in receivables 232,775 8,480,635 1,317,367 105,008,266 (Increase)/decrease in loans and advances (9,511) (1,165,050) (12,403) 618,178 Increase/(decrease) in accounts payable. (578,777) (27,212,184) (448,917) (54,537,856) Cash infl ow/(outfl ow) from operations (68,336) (2,482,406) 604,563 34,131,919 Net cash infl ow/(outfl ow) from operations B] CASH FLOW FROM INVESTING ACTIVITY (68,336) (2,482,406) 604,563 34,131,919 Purchase of fi xed assets (2,451) (292,244) (1,133) 277,896 Increase in investments (1,700,000) (107,508,000) - - Interest received 1,208 72,903 1,752 117,079 Net Cash from/(used) in investing activity C] CASH FLOW FROM FINANCING ACTIVITY (1,701,243) (107,727,341) 620 394,975 Issue of shares 2,400,000 143,975,400 - - Increase/(decrease) in working capital loan (200,000) (12,112,001) (155,000) (11,843,402) Interest and fi nance charges (10,162) (613,314) (12,815) (856,126) Net cash used in fi nancing activity 2,189,838 131,250,085 (167,815) (12,699,528) D] EXCHANGE (GAIN)/LOSS - 6,993,730 - 3,924,309 Net Increase/(decrease) in cash and cash equivalents (A + B + C + D) 420,258 28,034,068 437,368 25,751,676 Cash and cash equivalents at close of the year (refer note below) 963,888 60,956,302 543,630 32,922,234 Cash and cash equivalents at beginning of the year (refer note below) 543,630 32,922,234 106,262 7,170,558 Cash surplus/(defi cit) for the year Note: Cash and cash equivalents include: Balance with non-scheduled banks 420,258 28,034,068 437,368 25,751,676 - On current accounts 963,888 60,956,302 543,630 32,922,234 963,888 60,956,302 543,630 32,922,234 For and on behalf of the Board of Directors Pune Kishor Patil April 25, 2011 Chairman 14 Schedules annexed to and forming part of the Balance Sheet Pursuant to Section 212 of the Companies Act, 1956 March 31, 2011 March 31, 2010 EUR ` EUR ` SCHEDULE – I SHARE CAPITAL AUTHORISED 2 Equity Shares of Nominal Amount EUR 20,000 & EUR 30,000 (Previous year EUR 20,000 & EUR 30,000) respectively 2,450,000 146,662,500 50,000 2,687,100 ISSUED, SUBSCRIBED AND PAID UP 2 Equity Shares of Nominal Amount EUR 20,000 & EUR 30,000 (Previous year EUR 20,000 & EUR 30,000) respectively 2,450,000 146,662,500 50,000 2,687,100 Total 2,450,000 146,662,500 50,000 2,687,100 SCHEDULE – II RESERVES AND SURPLUS Translation Reserve As per last Balance Sheet - 191,401 - (3,732,908) Add: Additions for the year - 6,993,722 - 3,924,309 Total - 7,185,123 - 191,401 SCHEDULE – III UNSECURED LOANS Loan from Group Company - - 200,000 12,112,000 - - 200,000 12,112,000
Schedules annexed to and forming part of the Balance Sheet (Pursuant to Section 212 of the Companies Act, 1956) SCHEDULE – IV FIXED ASSETS Particulars As on April 1, 2010 15 Financial Statement of the Subsidiaries F.Y. 2010-2011 GROSS BLOCK DEPRECIATION NET BLOCK Additions Deductions/ Discarded As on March 31, 2011 Up to April 1, 2010 For the year On Deductions/ Discarded Up to March 31, 2011 As on March 31, 2011 Euro As on March 31, 2010 Furniture and Fixtures 31,368 - - 31,368 12,200 2,875 - 15,075 16,292 19,167 Plant and Machinery 3,598 - - 3,598 2,463 825 - 3,288 310 1,135 Computers 16,239 2,451 - 18,691 8,498 3,475 - 11,973 6,717 7,741 51,206 2,451 - 53,657 23,162 7,175 - 30,337 23,320 28,044 Previous year 50,073 2,309 1,176 51,206 15,614 7,666 118 23,162 28,044 34,459 Particulars As on April 1, 2010 Adjustment Asset Translation March 31, 2011 March 31, 2010 EUR ` EUR ` SCHEDULE – V INVESTMENTS Equity Shares in In2Soft GmbH 1,700,000 107,508,000 - - 1,700,000 107,508,000 - - SCHEDULE – VI SUNDRY DEBTORS Unsecured Outstanding for a period exceeding six months Considered Good 12,737 805,495 279,834 16,946,731 Considered Doubtful Other Debts - - 13,846 838,497 Considered Good 2,082,856 131,719,886 2,034,688 123,220,788 Considered Doubtful - - - - 2,082,856 131,719,886 2,034,688 123,220,788 Less: Provision for Doubtful Debts - - - - Total 2,095,593 132,525,382 2,328,368 141,006,017 SCHEDULE – VII CASH AND BANK BALANCES Balance with scheduled banks On current accounts with HSBC Bank Balance with non-scheduled banks - - - - On current accounts with Hypovereins Bank (For maximum balances see Note No. 7 of Schedule XV) 963,888 60,956,302 543,630 32,922,234 Total 963,888 60,956,302 543,630 32,922,234 SCHEDULE – VIII LOANS AND ADVANCES [Unsecured, considered good] Advances recoverable in cash or in kind or for value to be received 1,440 91,066 1,890 114,458 Dues from Group Companies 88,805 5,616,041 73,056 4,424,245 Prepaid expenses 92,229 5,832,564 112,387 6,806,179 182,474 11,539,672 187,333 11,344,882 Deposits 37,320 2,360,088 22,950 1,389,828 Total 219,794 13,899,760 210,283 12,734,710 GROSS BLOCK DEPRECIATION NET BLOCK Additions Deductions/ Discarded As on March 31, 2011 Up to April 1, 2010 Adjustement Translation For the year On Deductions/ Discarded Up to March 31, 2011 As on March 31, 2011 March 31, 2011 March 31, 2010 EUR ` EUR ` SCHEDULE – IX CURRENT LIABILITIES AND PROVISIONS Current Liabilities Sundry Creditors For Goods and Services 19,238 1,216,635 8,580 519,605 Other Liabilities 191,170 12,089,570 214,213 12,972,732 Dues to Group Companies Provisions 2,537,142 160,448,830 2,905,513 175,957,876 For expenses 177,279 11,211,094 375,299 22,728,099 Total 2,924,828 184,966,129 3,503,605 212,178,312 SCHEDULE – X PROFIT AND LOSS ACCOUNT Profi t and Loss Account As per last Balance Sheet (643,282) (38,807,530) (373,187) (20,762,742) Additions during the year 271,048 16,357,967 (270,095) (18,044,788) Total (372,234) (22,449,563) (643,282) (38,807,530) ` As on March 31, 2010 Furniture and Fixtures 1,899,628 84,065 - - 1,983,693 738,865 40,990 173,509 - 953,363 1,030,330 1,160,764 Plant and Machinery 217,923 9,644 - - 227,567 149,170 8,987 49,789 - 207,946 19,621 68,753 Computers 983,462 49,586 148,948 - 1,181,997 514,664 32,818 209,722 - 757,204 424,793 468,798 3,101,014 143,295 148,948 - 3,393,257 1,402,699 82,794 433,020 - 1,918,513 1,474,744 1,698,315 Previous year 3,378,910 (352,642) 156,748 82,002 3,101,014 1,053,626 (155,217) 512,144 7,854 1,402,699 1,698,315 2,325,284
Page 1 and 2: Connected world FINANCIAL STATEMENT
Page 3 and 4: KPIT Infosystems Limited Registered
Page 5 and 6: Schedules to the Balance Sheet as a
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Page 21 and 22: Cash Flow Statement for the year en
Page 23 and 24: Schedules to Profi t and Loss Accou
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Page 31 and 32: Statement of Profi t and Loss for t
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Page 37 and 38: Balance Sheet as at Schedule March
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Page 47 and 48: Statement pursuant to Section 212 o
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Page 52: REGISTERED OFFICE, CORPORATE OFFICE

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