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<strong>KPIT</strong> Infosystems Limited, UK Cash Flow Statement for the year ended (Pursuant to Section 212 of the Companies Act, 1956) March 31, 2011 March 31, 2010 GBP A] Cash fl ow from operating activities ` GBP ` Net profi t/(loss) before tax and extraordinary items Adjustments for (240,088) (17,036,227) (80,746) (6,108,285) (Profi t)/loss on sale of fi xed assets - - - - Depreciation 4,788 339,760 6,587 494,933 Interest and fi nancial charges 2,908 206,312 4,123 311,861 Interest income 927 65,752 (4,752) (359,505) Cash Flow Before Working Capital Changes Adjustments for (231,465) (16,424,403) (74,788) (5,660,997) (Increase)/decrease in receivables (1,320,316) (104,783,316) 900,561 77,767,900 (Increase)/decrease in loans & advances (28,049) (3,360,566) 165,906 13,751,206 Increase/(decrease) in accounts payable 1,757,224 139,549,420 (548,148) (56,226,581) Cash infl ow/(outfl ow) from Operations 177,393 14,981,134 443,530 29,631,528 Provision for taxation - - (7,091) (536,454) Net cash infl ow/(outfl ow) from operations B] Cash fl ow from investing activity 177,393 14,981,135 436,440 29,095,075 Purchase of fi xed assets (7,787) (530,755) (490) (33538) Sale of fi xed assets - - - - Increase in investments (2,016,170) (155,558,781) (2,680,483) (182,136,831) Interest received (927) (65,752) 4,752.31 359,504.96 Net Cash from/(used) in investing activity C] Cash fl ow from fi nancing activity Repayment of term loan (2,024,883) (156,155,289) (2,676,219) (181,810,863) Issue of shares 2,016,170 144,201,250 2,700,000 217,761,750 Increase/(decrease) in working capital loan (250,000) (17,007,500) (850,000) (63,138,500) Interest and fi nance charges (2,908) (206,312) (4,123) (311,861) Net Cash used in fi nancing activity 1,763,263 126,987,438 1,845,878 154,311,389 D] Exchange Gain/(Loss) Net Increase/(Decrease ) in Cash and 12,454,487 (35,653,042) cash equivalents (A + B + C + D) Cash & cash equivalents at close of (84,228) (1,732,229) (393,902) (34,057,441) the year Cash & cash equivalents at beginning 1,025,035 73,730,752 1,109,260 75,462,981 of the year 1,109,260 75,462,981 1,503,163 109,520,422 Cash Surplus/(defi cit) for the year Note: Cash and cash equivalents include: Balance with scheduled banks (84,228) (1,732,229) (393,902) (34,057,441) - On current accounts 924,755 66,517,609 1,009,234 68,658,199 - On deposit account 100,280 7,213,143 100,026 6,804,782 1,025,035 73,730,752 1,109,260 75,462,981 For and on behalf of the Board of Directors Pune Kishor Patil April 25, 2011 Chairman 2 Schedules to the Balance Sheet as at (Pursuant to Section 212 of the Companies Act, 1956) March 31, 2011 March 31, 2010 GBP SCHEDULE - I SHARE CAPITAL Authorized ` GBP ` Allotted, Called up and fully paid 5,717,170 ordinary shares (previous year 2,000,000 160,660,000 2,000,000 160,660,000 3,701,000 of £1 each) of £ 1 each 5,717,170 430,052,879 3,701,000 285,851,629 Total 5,717,170 430,052,879 3,701,000 285,851,629 SCHEDULE - II RESERVES AND SURPLUS Cumulative Translation Adjustments As per last Balance Sheet - (34,777,358) - 875,684 Add : Additions for the year - 12,454,487 - (35,653,043) - (22,322,872) - (34,777,358) SCHEDULE - III UNSECURED LOANS Loan due to Group companies - - 250,000 17,007,500 Interest accrued and due to Group companies - - - - Total - - 250,000 17,007,500
Schedules to the Balance Sheet as at (Pursuant to Section 212 of the Companies Act, 1956) SCHEDULE - IV FIXED ASSETS Particulars As on April 1, 2010 March 31, 2011 March 31, 2010 GBP ` GBP ` SCHEDULE - V INVESTMENTS Long term investments Trade (Unquoted) Investment in Subsidiaries <strong>KPIT</strong> Infosystems GmbH, Germany 100% of total equity shares One share of nominal value of Euro 20,000 and One share of nominal value of Euro 30,000 4,717,625 339,338,744 2,701,455 183,779,963 Total 4,717,625 339,338,744 2,701,455 183,779,963 SCHEDULE - VI SUNDRY DEBTORS Unsecured Outstanding for a period exceeding six months Considered Good 8,651 622,266 - - Considered doubtful 24,700 1,776,705 - Other Debts 33,351 2,398,971 - - Considered Good 3,803,115 273,558,026 2,516,150 171,173,681 Considered doubtful Less: Reserve for doubtful debts 3,803,115 273,558,026 2,516,150 171,173,681 Total 3,836,466 275,956,997 2,516,150 171,173,681 SCHEDULE - VII CASH AND BANK BALANCES Balance with Scheduled banks On current accounts 924,755 66,517,609 1,009,234 68,658,199 On deposit account 100,280 7,213,143 100,026 6,804,782 Total 1,025,035 73,730,752 1,109,260 75,462,981 3 Financial Statement of the Subsidiaries F.Y. 2010-2011 Gross block Depreciation Net block Additions Deductions/ Discarded As on Mar 31, 2011 Up to April 1, 2010 Adjustment for the year On Deductions/ Discarded Up to Mar 31, 2011 As on Mar 31, 2011 GBP As on March 31, 2010 Leasehold Property 1,023 - - 1,023 1,023 - - - 1,023 - - Offi ce Equipments 1,093 286 - 1,379 232 - 380 - 612 767 861 Plant & Machinery(Computers) 22,502 7,501 - 30,003 19,597 - 3,619 - 23,216 6,787 2,905 Furniture and Fixtures 6,746 - - 6,746 1,486 - 789 - 2,275 4,471 5,260 Total 31,364 7,787 - 39,151 22,339 - 4,788 - 27,126 12,024 9,026 Previous Year 30,874 490 - 31,364 15,751 - 6,587 - 22,338 9,026 15,123 Particulars As on April 1, 2010 Gross block Depreciation Net block Additions Deductions/ Discarded As on Mar 31, 2011 Up to April 1, 2010 Adjustment for the year On Deductions/ Discarded Up to Mar 31, 2011 As on Mar 31, 2011 ` As on March 31, 2010 Leasehold Property 70,730 - - 70,730 70,730 - - - 70,730 0 0 Offi ce Equipments 32,093 286 - 32,379 15,742 - 26,968 - 42,710 (10,331) 49,889 Computers 1,728,286 530,469 - 2,258,755 1,475,980 - 256,800 - 1,732,779 525,976 218,769 Furniture and Fixtures 344,861 - - 344,861 75,971 - 55,992 - 131,964 212,897 268,890 Total 2,175,970 530,755 - 2,706,725 1,638,423 - 339,760 - 1,978,183 728,542 537,547 Previous Year 2,142,434 33,538 - 2,175,970 1,143,491 (3,353) 498,286 - 1,638,423 537,547 998,942 March 31, 2011 March 31, 2010 GBP ` GBP ` SCHEDULE - VIII LOANS AND ADVANCES [Unsecured, considered good] Advances recoverable in cash or in kind or for value to be received (See Note 7 of Schedule XV) 33,544 2,412,848 38,158 2,595,921 Loans to Group Companies - - 178,039 12,112,000 Interest accrued and due on loans to group companies - - - - Dues from Group companies 310,223 22,314,376 100,676 6,849,004 TDS Receivable - Advance tax 5,028 361,650 5,028 342,042 Prepaid Expenses 10,127 728,461 9,035 614,624 358,924 25,817,335 330,937 22,513,591 Deposits 13,173 947,555 13,173 896,180 Interest Accrued but not due 315 22,659 253 17,212 Total 372,412 26,787,549 344,364 23,426,983 SCHEDULE - IX CURRENT LIABILITIES AND PROVISIONS Current liabilities Sundry creditors Due to Group Companies 4,643,130 333,980,373 3,069,512 208,818,897 For accrued salaries and benefi ts 125,332 9,015,110 106,511 7,245,922 4,768,462 342,995,482 3,176,023 216,064,818 Other liabilities 349,218 25,119,248 184,433 12,546,983 Provisions 11,921 857,467 11,921 810,975 Total 5,129,600 68,972,197 3,372,376 229,422,777 SCHEDULE - X PROFIT AND LOSS ACCOUNT As per last Balance Sheet 643,125 43,123,393 555,288 36,478,654 Add: (Surplus)/defi cit for the year 240,088 17,036,227 87,837 6,644,739 Total 883,212 60,159,620 643,125 43,123,393
Page 1 and 2: Connected world FINANCIAL STATEMENT
Page 3: KPIT Infosystems Limited Registered
Page 7 and 8: Contingent Assets are not recognize
Page 9 and 10: KPIT Infosystems Inc. Registered Of
Page 11 and 12: Schedules forming part of the Balan
Page 13 and 14: Sr. No. No Provisions is recognized
Page 15 and 16: KPIT Infosystems GmbH Registered Of
Page 17 and 18: Schedules annexed to and forming pa
Page 19 and 20: Such obligations are recorded as Co
Page 21 and 22: Cash Flow Statement for the year en
Page 23 and 24: Schedules to Profi t and Loss Accou
Page 25 and 26: KPIT Infosystems France SAS (former
Page 27 and 28: Schedules to the Balance Sheet as a
Page 29 and 30: h) Conversion into Indian Rupees Th
Page 31 and 32: Statement of Profi t and Loss for t
Page 35 and 36: h) Investments Long-term Investment
Page 37 and 38: Balance Sheet as at Schedule March
Page 41 and 42: 2.6 Earning in foreign currency (On
Page 43 and 44: Cash Flow Statement for the year en
Page 47 and 48: Statement pursuant to Section 212 o
Page 49 and 50: Notes
Page 52: REGISTERED OFFICE, CORPORATE OFFICE

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