INFY » Topics » 2.4 Prepaid expenses and other current assets

This excerpt taken from the INFY 6-K filed Jul 28, 2005.

2.4      Prepaid expenses and other current assets

                 Prepaid expenses and other current assets consist of the following:

 
(Dollars in millions)
 
 
This excerpt taken from the INFY 20-F filed Apr 26, 2005.

2.4 Prepaid expenses and other current assets

 

Prepaid expenses and other current assets consist of the following:

 

(Dollars in millions)

 

     As of March 31,

     2004

   2005

Rent deposits

   $ 3    $ 4

Security deposits with service providers

     2      4

Loans to employees

     13      15

Prepaid expenses

     13      11

Other current assets

     5      1
    

  

     $ 36    $ 35
    

  

 

Other current assets represent advance payments to vendors for the supply of goods and rendering of services and marked to market gains on foreign exchange forward contracts. Deposits with service providers relate principally to leased telephone lines and electricity supplies.

 

EXCERPTS ON THIS PAGE:

6-K
Jul 28, 2005
20-F
Apr 26, 2005

"2.4 Prepaid expenses and other current assets" elsewhere:

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