EXTRACTS OF VALUE ADDED STATEMENT INFOSYS ANNUAL REPORT 2011-12
VALUE ADDED STATEMENT
Rs.in crore, except as otherwise stated
| 2012 | % of VA | 2011 | %of VA | Growth (%) | |
| Income | 33,734 | 27,501 | 22.7 | ||
| Less : Operating expenses excluding personnel costs Software development and business process | |||||
| management expenses | 2,634 | 2,083 | |||
| Selling and marketing expenses | 397 | 294 | |||
| General and administration expenses | 1,647 | 1,304 | |||
| Value Added from operations | 29,056 | 23,820 | 22.0 | ||
| Other income (including exceptional items) | 1,904 | 1,211 | |||
| Total Value Added | 30,960 | 25,031 | 23.7 | ||
| Distribution of Value Added | |||||
| – Human resources | |||||
| Salaries and bonus, | 18,340 | 59.2 | 14,856 | 59.4 | 23.5 |
| – Providers of capital | |||||
| Dividend(1) | 2,699 | 8.7 | 3,445 | 13.8 | -21.7 |
| Minority interest | – | – | – | – | – |
| Interest on debt | – | – | – | – | – |
| – Taxes | |||||
| Corporate income taxes | 3,367 | 10.9 | 2,490 | 9.9 | 35.2 |
| Dividend tax(1) | 438 | 1.4 | 568 | 2.3 | -22.9 |
| – Income retained in business | |||||
| Depreciation and amortization | 937 | 3 | 862 | 3.4 | 8.7 |
| Retained in business | 5,179 | 16.8 | 2,810 | 11.2 | 84.3 |
| Total | 30,960 | 100 | 25,031 | 100 | 23.7 |
Note : The figures above are based on IFRS financial statements.
(1) Considered on accrual basis