This excerpt taken from the INFY 20-F filed May 2, 2007.
Infosys Technologies Limited and subsidiariesConsolidated Statements of Cash Flows for the years ended March 31,
(Dollars in millions)
Notes to the Consolidated Financial Statements
This excerpt taken from the INFY 6-K filed Jan 18, 2005.
INFOSYS TECHNOLOGIES LIMITED AND ITS SUBSIDIARIES
We have audited the attached consolidated balance sheet of Infosys Technologies Limited (the Company) and its subsidiaries (collectively called the Infosys Group) as at 31 December 2004, the consolidated profit and loss account and the consolidated cash flow statement for the quarter and nine months ended on that date, annexed thereto. These financial statements are the responsibility of the Companys management. Our responsibility is to express an opinion on these financial statements based on our audit.
We conducted our audit in accordance with the auditing standards generally accepted in India. Those Standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.
We report that the consolidated financial statements have been prepared by the Companys management in accordance with the requirements of Accounting Standard (AS) 21, Consolidated Financial Statements, issued by the Institute of Chartered Accountants of India.
In our opinion and to the best of our information and according to the explanations given to us, the consolidated financial statements give a true and fair view in conformity with the accounting principles generally accepted in India:
for BSR & Co.
(formerly Bharat S Raut & Co.)
Membership No. 83673
12 January 2005