Balance sheet as at March 31, 2010

As At
Schedule No./ March 31, 2010
(Note Reference) (Rs.)
SOURCES OF FUNDS
SHAREHOLDERS’ FUNDS
Share Capital `1’ 330,197,194
Employees Stock
Option Outstanding `1A’ 3,609,790,465 3,939,987,659
DEFERRED TAX LIABILITIES (Net) `20(30)’ 1,431,621
LOAN FUNDS
Secured Loans `3’ 1,065,541,682
Unsecured Loans `4’ 1,440,389,825 2,505,931,507
6,447,350,787

APPLICATION OF FUNDS
FIXED ASSETS `5’
Gross Block 3,897,354,942
Less: Depreciation 2,076,893,196
Net Block 1,820,461,746
Capital work-in-progress `20(27)’ 79,436,218
INVESTMENTS `6’ 2,012,160,343
DEFERRED TAX ASSETS (Net) `20(30)’
CURRENT ASSETS, LOANS AND ADVANCES
Inventories `7’ 101,330,727
Sundry Debtors `8’ 2,169,738,886
Cash and Bank Balances `9’ 288,683,992
Other Current Assets `10’ 687,107,539
Loans and Advances `11’ 1,212,297,512
4,459,158,656
Less : CURRENT LIABILITIES AND PROVISIONS
Current Liabilities `12’ 1,588,148,641
Provisions `13’ 335,717,535
1,923,866,176
Net Current Assets 2,535,292,480
6,447,350,787

Balance sheet as at March 31, 2009

As At
Schedule / (Note 31st March. 2009
Reference) (Rs.)
SOURCES OF FUNDS
Shareholders’ Funds
Share Capital 1 587,266,950
Employee Stock Option Outstanding 2 1,721,550
Reserves and Surplus 3 2,411,547,271
3,000,535,771
LOAN FUNDS
Secured Loans 4 8,654,944
3,009,190,715
APPLICATION OF FUNDS
FIXED ASSETS 5
Gross Block 2,487,532,236
Less: Depreciation & Amortization 1,470,792,096
Net Block 1,016,740,140
Capital work-in-progress 1,052,084,094
INVESTMENTS 6 1,086,229,117
DEFERRED TAX ASSETS (NET) 18(19b) 401,654,522
CURRENT ASSETS, LOANS AND ADVANCES
Sundry Debtors 7 986,668,350
Cash and Bank Balances 8 508,219,033
Other Current Assets 9 339,748,181
Loans and Advances 10 672,040,615
2,506,676,179
Less : CURRENT LIABILITIES AND PROVISIONS
Current Liabilities 11 2,508,763,659
Provisions 12 545,429,678
3,054,193,337
Net Current Assets / (Liabilities) -547,517,158
3,009,190,715

Balance sheet as at March 31, 2008

As At
Schedule / (Note 31st March, 2008
Reference) (Rs.)
SOURCES OF FUNDS
SHAREHOLDERS’ FUNDS
Share Capital 1 586,983,950
Share Application Money-ESOP
Employee Stock
Option Outstanding 2 2,444,900
Reserves and Surplus 3 3,287,937,012
3,877,365,862
LOAN FUNDS
Secured Loans 4 166,617,230
4,043,983,092
APPLICATION OF FUNDS
FIXED ASSETS 5
Gross Block 2,129,990,458
Less: Depreciation /Amortization 1,405,201,531
Net Block 724,788,927
Capital work-in-progress 518,315,440
INVESTMENTS 6 1,928,806,026
DEFERRED TAX ASSETS (NET) 18(21) 24,427,439
CURRENT ASSETS, LOANS AND ADVANCES
Sundry Debtors 8 1,111,475,363
Cash and Bank Balances 9 144,664,434
Other Current Assets 10 396,447,557
Loans and Advances 11 474,000,134
2,126,587,488
Less : CURRENT LIABILITIES AND PROVISIONS
Current Liabilities 11 747,697,397
Provisions 12 531,244,831
1,278,942,228
Net Current Assets 847,645,260
4,043,983,092

Balance sheet as at March 31, 2007

As At
Schedule No./ March 31, 2007
(Note Reference) (Rs.)
SOURCES OF FUNDS
SHAREHOLDERS’ FUNDS
Share Capital 1 391,005,300
Share Application Money-ESOP 242,230
Employee Stock Option
Outstanding 1A 3,684,600
Reserves and Surplus 2 2,574,932,763
2,969,864,893
LOAN FUNDS
Secured Loans 3 266,574,138
Unsecured Loans 4 -
3,236,439,031
APPLICATION OF FUNDS
FIXED ASSETS 5
Gross Block 1,756,340,523
Less: Depreciation /Amortization 1,191,511,046
Net Block 564,829,477
Capital work-in-progress 37,004,484
INVESTMENTS 6 1,966,995,824
DEFERRED TAX ASSETS (NET) 18(20) 4,871,725
CURRENT ASSETS, LOANS AND ADVANCES
Sundry Debtors 7 1,021,691,057
Cash and Bank Balances 8 63,063,690
Other Current Assets 9 13,476,817
Loans and Advances 10 312,572,994
1,410,804,558
Less : CURRENT LIABILITIES AND PROVISIONS
Current Liabilities 11 333,987,973
Provisions 12 414,079,064
748,067,037
Net Current Assets 662,737,521
3,236,439,031

Balance sheet as at March 31, 2006

As At
Schedule No./ March 31, 2006
(Note Reference) (Rs.)
SOURCES OF FUNDS
SHAREHOLDERS’ FUNDS
Share Capital 1 386,492,800
Employee Stock 1A 13,949,692
Option Outstanding
Reserves and Surplus 2 1,770,069,671
2,170,512,163
LOAN FUNDS
Secured Loans 3 417,844,854
Unsecured Loans 4 20,000,000
2,608,357,017
APPLICATION OF FUNDS
FIXED ASSETS 5
Gross Block 1,607,703,377
Less: Depreciation /Amortization 1,046,034,924
Net Block 561,668,453
Capital work-in-progress 28,836,410
INVESTMENTS 6 1,084,417,624
CURRENT ASSETS, LOANS AND ADVANCES
Sundry Debtors 7 691,821,643
Cash and Bank Balances 8 265,685,594
Other Current Assets 9 53,996,511
Loans and Advances 10 490,505,890
1,502,009,638
Less : CURRENT LIABILITIES AND PROVISIONS
Current Liabilities 11 291,349,982
Provisions 12 277,225,126
568,575,108
Net Current Assets 933,434,530
2,608,357,017

RATIO (2010)
 RATIO (2010)

current assets 4459158656

Current Ratio 2.80777160328786
current liabilities 1588148641

Quick Assets 3145530417

Quick Ratio 1.98062721321814
Liquid Liabilities 1588148641

Shreholder's Fund 3939987659

Proprietary Ratio 0.475167853585111
Total assets 8291780745

Fixed assets to Proprietar's fund Ratio

Fixed assets 1,820,461,746
0.462047575667292
Proprietar's fund 3,939,987,659

Current assets to Proprietar's fund Ratio

Current assets 1,588,148,641
0.40308467397664
Proprietar's fund 3,939,987,659

Fixed assets to Current assets

Fixed assets 1,820,461,746
1.14627919516005
Current assets 1,588,148,641

COGS+Operating Expenses 5,999,303,288

Operating ratio Net sales 6,447,757,142

Net profit * 100 311,696,334

4.83418229215929
Net Profit ratio net sales 6,447,757,142

Net profit*100 311,696,334

Return on shareholder's equity 7.91109924641518
Shreholder's Fund 3939987659
 Profit and Los Account for the year ended March 31, 2010
Year ended
Schedule No./ March 31, 2010
(Note Reference) (Rs.)
INCOME
Revenue from Operations `20 [1(v),10(a),11and 18]’ 6,251,721,044
Other Income `14’ 196,036,098
6,447,757,142
EXPENDITURE
Personnel `15’ 1,174,176,184
Development, Production and Execution `16’ 2,589,508,988
Administration and Others `17’ 959,808,851
Marketing `18’ 562,888,632
Interest and Finance Charges `19’ 171,127,894
Depreciation and Amortization `5’ 541,792,739
5,999,303,288
Profit before Tax 448,453,854
Tax Expense `20(30)’
Current 102,095,361
Deferred charge/ (credit) 45,994,357
Fringe Benefit Tax -
Provision for tax relating to earlier years/ (credit) -11,332,198
Profit after Tax 311,696,334
Balance brought forward from Previous year 2,359,717,257
Balance available for appropriation 2,671,413,591
APPROPRIATION
Dividend :
Proposed Dividend on Equity Shares 231,133,836
Corporate Dividend Tax on above `20(28)’ 25,975,979
Transferred to General Reserve 31,169,633
Transferred to Debenture Redemption Reserve 202,063,492
Balance Carried to Balance Sheet 2,181,070,651
2,671,413,591
Earnings per share `20 [1(xiv), (32)]’
Basic 1.89
Diluted 1.89

Profit and Los Account for the year ended March 31, 2009
Year ended
Schedule / (Note 31st March 2009
Reference) (Rs.)
INCOME
Revenue from Operations 18 {1(v),14,18 and 27} 5,020,678,050
Other Income 13 397,438,197
5,418,116,247
EXPENDITURE
Personnel 14 2,616,136,108
Development and Bought out 15 481,169,598
Administration, Finance and Others 16 1,020,369,778
Marketing 17 23,860,278
Depreciation and Amortization 5 295,974,044
4,437,509,806
Profit before Tax 980,606,441
Tax Expense 18{1(x) and (19)}
Current 107,514,454
MAT Credit -10,576,452
Deferred Charge/(Benefit) -16,420,399
Fringe Benefit Tax 15,134,132
Profit after Tax 884,954,706
Balance brought forward from previous year 2,449,505,701
Balance available for appropriation 3,334,460,407
APPROPRIATION
Dividend:-
Dividend Paid (Related to Previous Year) 181,025
Corporate Dividend Tax on above 35,310
Proposed on Equity Shares 381,542,492
Corporate Dividend Tax on
Proposed Dividend 18(8) 12,935,789

Transferred from Debenture Redemption Reserve -37,500,000

Transferred to General Reserve 88,495,471
Balance Carried to Balance Sheet 2,888,770,320
3,334,460,407
Earnings per share
Basic Earnings per share 18(20) 15.07
Diluted Earnings per share 18(20) 15.07

Profit and Los Account for the year ended March 31, 2008
Year ended
Schedule No./ March 31, 2008
(Note Reference) (Rs.)
INCOME
Revenue from Operations 18 {1(v)},(15),(20)} 4,447,143,757
Other Income 13 509,494,154
4,956,637,911
EXPENDITURE
Personnel 14 2,135,057,078
Development and Bought out 15 388,802,998
Administration, Finance and Others 16 686,523,293
Marketing 17 24,241,706
Depreciation and Amortization 5 229,709,556
3,464,334,631
Profit before Tax 1,492,303,280
Tax Expense 18(21)
Current 140,660,448
MAT Credit -90,130,000
Deferred Charge/(Benefit) -3,268,304
Fringe Benefit Tax 13,977,624
Profit after Tax 1,431,063,512
Balance brought forward from previous year 1,525,716,247
Balance available for appropriation 2,956,779,759
APPROPRIATION
Dividend:-
Dividend Paid (Related to Previous Year) 109,525
Corporate Dividend Tax on above 18,614
Proposed on Equity Shares 381,539,568
Corporate Dividend Tax on
Proposed Dividend 18(19)

Transferred from Debenture Redemption Reserve -17,500,000

Transferred to General Reserve 143,106,351
Balance Carried to Balance Sheet 2,449,505,701
2,956,779,759
Earnings per share
Basic Earnings per share 18(22) 24.39
Diluted Earnings per share 18(22) 24.35

Profit and Los Account for the year ended March 31, 2007
Year ended
Schedule No./ March 31, 2010
(Note Reference) (Rs.)
INCOME
Revenue from Operations 18 {1(v)},(15),(19)} 2,971,648,815
Other Income 13 129,157,895
3,100,806,710
EXPENDITURE
Personnel 14 1,168,370,930
Development and Bought out 15 103,400,453
Administration, Finance and Others 16 441,957,287
Marketing 17 30,614,087
Depreciation and Amortization 5 217,801,451
1,962,144,208
Profit before Tax 1,138,662,502
Tax Expense 18(20)
Current 21,610,000
Deferred Charge/(Benefit) -1,470,000
Fringe Benefit Tax 11,770,308
1,106,752,194
Balance brought forward from previous year 803,236,095
Balance available for appropriation 1,909,988,289
APPROPRIATION
Dividend: 254,153,445
Proposed on Equity Shares 43,193,378
Corporate Dividend Tax on above
Transferred to/(from) Debenture -23,750,000
Redemption Reserve 110,675,219
Transferred to General Reserve 1,525,716,247
Balance Carried to Balance Sheet 1,909,988,289
Earnings per share
Basic Earnings per share 18(21) 28.58
Diluted Earnings per share 18(21) 28.35

Profit and Los Account for the year ended March 31, 2006
Year ended
Schedule No./ March 31, 2006
(Note Reference) (Rs.)
INCOME
Revenue from Operations 18 {1(v)},(14),(17) 2,200,927,477
Other Income 13 69,551,126
2,270,478,603
EXPENDITURE
Personnel 14 927,921,357
Development and Bought out 15 52,264,321
Administration, Finance and Others 16 458,474,934
Marketing 17 17,262,450
Depreciation and Amortization 5 205,127,860
1,661,050,922
Profit before Tax 609,427,681
Tax Expense
Current 18(18) 3,240,000
Deferred Charge/(Benefit) -
Fringe Benefit Tax 8,226,826
Profit after Tax 597,960,855
Balance brought forward from previous year 530,740,375
Balance available for appropriation 1,128,701,230
APPROPRIATION
Dividend:- 231,895,680
Proposed on Equity Shares 32,523,369
Corporate Dividend Tax on above 1,250,000
Transferred to Debenture Redemption Reserve 59,796,086
Transferred to General Reserve 803,236,095
Balance Carried to Balance Sheet 1,128,701,230
Earnings per share
Basic Earnings per share 18(19) 15.47
Diluted Earnings per share 18(19) 15.42
0.930448085416
 TREND ANALYSIS OF REVENUE TREND ANALYSIS OF OPERATING PROF
YEAR REVENUE (RS. Mn) TREND(%) YEAR OPERATING EXPENSE (RS. Mn)
2005-06 3449 100 2005-06 2874
2006-07 4008 116.2075964 2006-07 3325
2007-08 4975 124.12674651 2007-08 4112
2008-09 5795 116.48241206 2008-09 4649
2009-10 6448 111.26833477 2009-10 5286

TREND ANALYSIS OF EBIT TREND ANALYSIS OF PAT

YEAR EBIT (RS. Mn) TREND(%) YEAR PAT(RS. Mn)
2005-06 294 100 2005-06 270
2006-07 319 108.50340136 2006-07 329
2007-08 431 135.10971787 2007-08 328
2008-09 635 147.33178654 2008-09 472
2009-10 448 70.551181102 2009-10 312

NIIT Limited, Comparative statement for the year ended 31st March 2006 & 2007

Increase(+) or decrease(-)
Particulars 2006 2007

Absolute Percentage
Net sales 2,270,478,603 3,100,806,710 830,328,107 36.57
Less: COGS
Gross profit 2,270,478,603 3,100,806,710 830,328,107 36.57
less: Operating Expenses:
Personnel 927,921,357 1,168,370,930 240449573 25.9127102945
Development and Bought out 52,264,321 103,400,453 51136132 97.8413782511
Administration, Finance 458,474,934 441,957,287 -16517647 -3.6027372
Marketing 17,262,450 30,614,087 13351637 77.3449713106
Depreciation and Amortization 205,127,860 217,801,451 12673591 6.17838600763
total operating expenses. 1,661,050,922 1,962,144,208 301093286 18.1266740238
operating profit 609,427,681 1,138,662,502 529,234,821 86.8412836338

NIIT Limited, Comparative statement for the year ended 31 st March 2007 & 2008

Increase(+) or decrease(-)
Particulars 2007 2008

Absolute Percentage
Net sales 3,100,806,710 4,956,637,911 1,855,831,201 59.8499479189
Less: COGS
Gross profit 3,100,806,710 4,956,637,911 1,855,831,201 59.8499479189
less: Operating Expenses:
Personnel 1,168,370,930 2,135,057,078 966,686,148 82.7379493257
Development and Bought out 103,400,453 388,802,998 285,402,545 276.016725962
Administration, Finance 441,957,287 686,523,293 244,566,006 55.3370231002
Marketing 30,614,087 24,241,706 -6,372,381 -20.815192039
Depreciation and Amortization 217,801,451 229,709,556 11,908,105 5.46741307063
total operating expenses. 1,962,144,208 3,464,334,631 1,502,190,423 76.5586146459
operating profit 1,138,662,502 1,492,303,280 353,640,778 31.0575589675

NIIT Limited, Comparative statement for the year ended 31 st March 2008 & 2009

Particulars 2008 2009 Increase(+) or decrease(-)

Absolute Percentage
Net sales 4,956,637,911 5,418,116,247 461,478,336 9.31030961483
Less: COGS
Gross profit 4,956,637,911 5,418,116,247 461,478,336 9.31030961483
less: Operating Expenses:
Personnel 2,135,057,078 2,616,136,108 481,079,030 22.532373254
Development and Bought out 388,802,998 481,169,598 92,366,600 23.7566583784
Administration, Finance 686,523,293 1,020,369,778 333,846,485 48.6285736266
Marketing 24,241,706 23,860,278 -381,428 -1.573437117
Depreciation and Amortization 229,709,556 295,974,044 66,264,488 28.8470750429
total operating expenses. 3,464,334,631 4,437,509,806 973,175,175 28.0912578794
operating profit 1,492,303,280 980,606,441 -511,696,839 -34.289064821

NIIT Limited, Comparative statement for the year ended 31 st March 2009 & 2010

Increase(+) or decrease(-)
Particulars 2009 2010

Absolute Percentage
Net sales 5,418,116,247 6,447,757,142 1,029,640,895 19.0036693209
Less: COGS
Gross profit 5,418,116,247 6,447,757,142 1,029,640,895 19.0036693209
less: Operating Expenses:
Personnel 2,616,136,108 1,174,176,184 -1,441,959,924 -55.117924468
Development and Bought out 481,169,598 2,589,508,988 2,108,339,390 438.169701237
Administration, Finance 1,020,369,778 1130936745 110,566,967 10.8359703888
Marketing 23,860,278 562,888,632 539,028,354 2259.10341028
Depreciation and Amortization 295,974,044 541,792,739 245,818,695 83.0541393691
total operating expenses. 4,437,509,806 5,999,303,288 1,561,793,482 35.1952682986
operating profit 980,606,441 448,453,854 -532,152,587 -54.267702592

common size statement for the year 2006 &2007

 Particulars 2006(%) 2007(%)

Net sales 100 100

Less: COGS
Gross profit 100 100
less: Operating Expenses:
Personnel 40.868976073 37.679579518
Development and Bought out 2.3019076652 3.3346307161
Administration, Finance 20.192876224 14.252977639
Marketing 0.760300052 0.9872942709
Depreciation and Amortization 9.034564771 7.0240254027
total operating expenses. 73.158624785 63.278507547
operating profit 26.841375215 36.721492453

common size statement for the year 2007 &2008

Particulars 2007(%) 2008(%)

Net sales 100 100

Less: COGS
Gross profit 100 100
less: Operating Expenses:
Personnel 37.679579518 43.074703384
Development and Bought out 3.3346307161 7.8440871611
Administration, Finance 14.252977639 13.85058391
Marketing 0.9872942709 0.4890755878
Depreciation and Amortization 7.0240254027 4.6343824206
total operating expenses. 63.278507547 69.892832464
operating profit 36.721492453 30.107167536

common size statement for the year 2008 &2009

Particulars 2008(%) 2009(%)

Net sales 100 100

Less: COGS
Gross profit 100 100
less: Operating Expenses:
Personnel 43.074703384 48.284975603
Development and Bought out 7.8440871611 8.8807544184
Administration, Finance 13.85058391 18.83255603
Marketing 0.4890755878 0.4403795879
Depreciation and Amortization 4.6343824206 5.4626743043
total operating expenses. 69.892832464 81.901339944
operating profit 30.107167536 18.098660056

common size statement for the year 2009 &2010

Particulars 2009(%) 2010(%)

Net sales 100 100

Less: COGS
Gross profit 100 100
less: Operating Expenses:
Personnel 48.284975603 18.210614298
Development and Bought out 8.8807544184 40.161391488
Administration, Finance 18.83255603 17.540002207
Marketing 0.4403795879 8.7299912141
Depreciation and Amortization 5.4626743043 8.4028093346
total operating expenses. 81.901339944 93.044808542
operating profit 18.098660056 6.9551914584
ATING PROFIT
SE (RS. Mn) TREND(%)
100
115.69241
123.66917
113.05934
113.70187

TREND(%)
100
121.8519
99.69605
143.9024
66.10169