INFOSYS LIMITED

(In ₹ crore)
Balance Sheet as at Note No. March 31, 2023 March 31, 2022
ASSETS
Non-current assets
Property, plant and equipment 2.1 11,656 11,384
Right-of-use assets 2.3 3,561 3,311
Capital work-in-progress 2.4 275 411
Goodwill 2.2 211 211
Other intangible assets 2.2 3 32
Financial assets
Investments 2.5 23,686 22,869
Loans 2.6 39 34
Other financial assets 2.7 1,341 727
Deferred tax assets (net) 2.17 779 970
Income tax assets (net) 2.17 5,916 5,585
Other non-current assets 2.10 1,788 1,416
Total non - current assets 49,255 46,950

Current assets
Financial assets
Investments 2.5 4,476 5,467
Trade receivables 2.8 20,773 18,966
Cash and cash equivalents 2.9 6,534 12,270
Loans 2.6 291 219
Other financial assets 2.7 9,088 6,580
Other current assets 2.10 10,920 8,935
Total current assets 52,082 52,437
Total assets 101,337 99,387

EQUITY AND LIABILITIES

Equity
Equity share capital 2.12 2,074 2,103
Other equity 65,671 67,203
Total equity 67,745 69,306

LIABILITIES
Non-current liabilities
Financial liabilities
Lease liabilities 2.3 3,553 3,228
Other financial liabilities 2.13 1,317 676
Deferred tax liabilities (net) 2.17 866 841
Other non-current liabilities 2.15 414 360
Total non - current liabilities 6,150 5,105

Current liabilities
Financial liabilities
Lease liabilities 2.3 713 558
Trade payables 2.14
Total outstanding dues of micro enterprises and small enterprises 97 3
Total outstanding dues of creditors other than micro enterprises and
2,329 2,666
small enterprises
Other financial liabilities 2.13 12,697 11,269
Other current liabilities 2.15 7,609 7,381
Provisions 2.16 1,163 920
Income tax liabilities (net) 2.17 2,834 2,179
Total current liabilities 27,442 24,976
Total equity and liabilities 101,337 99,387
The accompanying notes form an integral part of the standalone financial statements.
As per our report of even date attached
for Deloitte Haskins & Sells LLP for and on behalf of the Board of Directors of Infosys Limited
Chartered Accountants
Firm's Registration No:
117366W/W-100018

Sanjiv V. Pilgaonkar D. Sundaram Salil Parekh Bobby Parikh

Partner Lead Independent Director Chief Executive Officer Director
Membership No. 039826 and Managing Director

Nilanjan Roy Jayesh Sanghrajka A.G.S. Manikantha

Chief Financial Officer Executive Vice President and Company Secretary
Deputy Chief Financial Officer
Bengaluru
April 13, 2023

1
INFOSYS LIMITED

(In ₹ crore except equity share and per equity share data)
Statement of Profit and Loss for the Note No. Year ended March 31,
2023 2022
Revenue from operations 2.18 124,014 103,940
Other income, net 2.19 3,859 3,224
Total income 127,873 107,164

Expenses
Employee benefit expenses 2.20 62,764 51,664
Cost of technical sub-contractors 19,096 16,298
Travel expenses 1,227 731
Cost of software packages and others 2.20 5,214 2,985
Communication expenses 502 433
Consultancy and professional charges 1,236 1,511
Depreciation and amortization expenses 2.1, 2.2.2 & 2.3 2,753 2,429
Finance cost 2.3 157 128
Other expenses 2.20 3,281 2,490
Total expenses 96,230 78,669
Profit before tax 31,643 28,495
Tax expense:
Current tax 2.17 8,167 6,960
Deferred tax 2.17 208 300
Profit for the year 23,268 21,235

Other comprehensive income

Items that will not be reclassified subsequently to profit or loss
Remeasurement of the net defined benefit liability/asset, net 2.17 & 2.21 (19) (98)
Equity instruments through other comprehensive income, net 2.5 & 2.17 (6) 97

Items that will be reclassified subsequently to profit or loss

Fair value changes on derivatives designated as cash flow hedge, net 2.11 & 2.17 (7) (8)
Fair value changes on investments, net 2.5 & 2.17 (236) (39)

Total other comprehensive income/ (loss), net of tax (268) (48)

Total comprehensive income for the year 23,000 21,187

Earnings per equity share

Equity shares of par value ₹5/- each
Basic (₹) 55.48 50.27
Diluted (₹) 55.42 50.21

Weighted average equity shares used in computing earnings per equity share

Basic 2.22 4,193,813,881 4,224,339,562

Diluted 2.22 4,198,234,378 4,229,546,328
The accompanying notes form an integral part of the standalone financial statements.
As per our report of even date attached
for Deloitte Haskins & Sells LLP
Chartered Accountants for and on behalf of the Board of Directors of Infosys Limited
Firm's Registration No:
117366W/W-100018

Sanjiv V. Pilgaonkar D. Sundaram Salil Parekh Bobby Parikh

Partner Lead Independent Director Chief Executive Officer Director
Membership No. 039826 and Managing Director

Nilanjan Roy Jayesh Sanghrajka A.G.S. Manikantha

Chief Financial Officer Executive Vice President and Company Secretary
Deputy Chief Financial Officer
Bengaluru
April 13, 2023