Infosys Limited
/s/ S. D. Shibulal
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Date: January 11, 2013
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S.D. Shibulal
Chief Executive Officer
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Exhibit No.
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Description of Document
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99.1
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IFRS Press Release
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Investor Relations
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Avishek Lath, India
+91 (80) 4116 7744
avishek_lath@infosys.com
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Sandeep Mahindroo, US
+1 (646) 254 3133
sandeep_mahindroo@infosys.com
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Media Relations
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Sarah Vanita Gideon, India
+91 (80) 4156 4998
Sarah_Gideon@infosys.com
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Danielle D’Angelo, USA
+1 (510) 859 5783
Danielle_Dangelo@infosys.com
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December 31, 2012
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March 31, 2012
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ASSETS
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Current assets
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Cash and cash equivalents
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$2,740
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$4,047
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Available-for-sale financial assets
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1,339
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6
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Investment in certificates of deposit
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–
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68
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Trade receivables
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1,266
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1,156
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Unbilled revenue
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405
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368
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Prepayments and other current assets
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335
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300
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Total current assets
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6,085
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5,945
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Non-current assets
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Property, plant and equipment
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1,115
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1,063
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Goodwill
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368
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195
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Intangible assets
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72
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34
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Available-for-sale financial assets
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2
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2
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Investment in government bonds
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12
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–
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Deferred income tax assets
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77
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62
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Income tax assets
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191
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204
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Other non-current assets
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33
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32
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Total non-current assets
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1,870
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1,592
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Total assets
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$7,955
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$7,537
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LIABILITIES AND EQUITY
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Current liabilities
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Derivative financial instruments
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–
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$9
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Trade payables
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13
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5
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Current income tax liabilities
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227
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207
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Client deposits
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12
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3
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Unearned revenue
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146
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107
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Employee benefit obligations
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109
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98
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Provisions
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39
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26
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Other current liabilities
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562
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482
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Total current liabilities
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1,108
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937
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Non-current liabilities
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Deferred income tax liabilities
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16
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2
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Other non-current liabilities
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18
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22
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Total liabilities
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1,142
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961
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Equity
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Share capital- 5 ($0.16) par value 600,000,000 equity shares authorized, issued and outstanding 571,402,566 and 571,396,410, net of 2,833,600 treasury shares each as of December 31, 2012 and March 31, 2012, respectively
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64
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64
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Share premium
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704
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703
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Retained earnings
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7,223
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6,509
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Other components of equity
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(1,178)
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(700)
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Total equity attributable to equity holders of the company
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6,813
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6,576
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Non-controlling interests
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–
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–
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Total equity
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6,813
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6,576
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Total liabilities and equity
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$7,955
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$7,537
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Three months ended December 31, 2012
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Three months ended December 31, 2011
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Nine months ended December 31, 2012
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Nine months ended December 31, 2011
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Revenues
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$1,911
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$1,806
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$5,460
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$5,233
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Cost of sales
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1,203
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1,030
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3,376
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3,077
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Gross profit
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708
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776
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2,084
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2,146
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Operating expenses:
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Selling and marketing expenses
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99
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88
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277
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275
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Administrative expenses
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118
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128
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355
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386
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Total operating expenses
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217
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216
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632
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661
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Operating profit
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491
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560
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1,452
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1,485
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Other income, net
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92
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82
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308
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266
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Profit before income taxes
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583
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642
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1,760
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1,751
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Income tax expense
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149
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184
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479
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498
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Net profit
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$434
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$458
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$1,281
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$1,253
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Other comprehensive income
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Fair value changes on available - for-sale financial asset, net of tax effect
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–
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–
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–
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$(2)
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Exchange differences on translating foreign operations
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(250)
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(442)
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(478)
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(1,004)
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Total other comprehensive income
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$(250)
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$(442)
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$(478)
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$(1,006)
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Total comprehensive income
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$184
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$16
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$803
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$247
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Profit attributable to:
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Owners of the company
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$434
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$458
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$1,281
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$1,253
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Non-controlling interests
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–
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–
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–
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–
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$434
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$458
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$1,281
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$1,253
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Total comprehensive income attributable to:
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Owners of the company
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$184
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$16
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$803
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$247
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Non-controlling interests
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–
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–
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–
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–
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$184
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$16
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$803
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$247
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Earnings per equity share
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Basic ($)
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0.76
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0.80
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2.24
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2.19
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Diluted ($)
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0.76
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0.80
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2.24
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2.19
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Weighted average equity shares used in computing earnings per equity share
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Basic
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571,400,086
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571,377,084
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571,398,129
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571,356,602
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Diluted
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571,400,417
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571,396,560
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571,399,018
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571,394,949
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