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This excerpt taken from the INFY 6-K filed Jul 28, 2005. Purchase price allocated |
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| Plant and equipment | $ | 1 | |
| Net current assets | 5 | ||
| Non current liabilities | (1 | ) | |
| Customer contracts | 2 | ||
| Goodwill | 7 | ||
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| Total purchase price | $ | 14 | |
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The identified customer contracts intangible is amortized over a period of two years being management’s estimate of the useful life of the asset. The company believes that the acquisition resulted in recognition of goodwill primarily because of the acquired company’s market position, skilled employees, management strength and potential to serve as a platform for enhancing business opportunities in Australia. The goodwill has been allocated to the Australia reporting unit. 2.4 Prepaid expenses and other current assets Prepaid expenses and other current assets consist of the following: |
| (Dollars in millions) |
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