Company: INFY
Filing Date: 2025-07-01
Form Type: 20-F
Source: 0000950170-25-091925
Chunk: 245

Company: Infosys Ltd
Filing Date: 2025-07-01
Form: 20-F
Item: Item 18
Chunk 245
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   )
Accumulated depreciation on deletions                             —                     —                   32                    190                       44                    —                   266    
Translation difference                                            —                    43                   42                     61                       24                    —                   170    
Accumulated depreciation as of March 31, 2023                     —                  (552   )             (468   )               (709   )                 (300   )               (5   )            (2,034   )
Capital work-in-progress as of March 31, 2023                                                                                                                                                          55    
Carrying value as of March 31, 2023                             174                   855                  157                    328                      109                    1                 1,679    
Capital work-in-progress as of April 1, 2022                                                                                                                                                           67    
Carrying value as of April 1, 2022                              188                   940                  169                    329                       99                    1                 1,793    

* During fiscal 2023, certain assets which were not in use having gross book value of $234 million (net book value: Nil), were retired

The aggregate depreciation expense is included in cost of sales in the consolidated statement of comprehensive income.

Repairs and maintenance costs are recognized in the consolidated statement of comprehensive income when incurred.

Consequent to the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021 (“the Rules”), the Company was required to transfer its CSR capital assets installed prior to January 2021. Towards this the Company had incorporated a subsidiary ‘Infosys Green Forum’ (IGF) under Section 8 of the Companies Act, 2013. During the year ended March 31, 2022, the Company had completed the transfer of assets upon obtaining the required approvals from regulatory authorities, as applicable. During fiscal 2024, the application filed by IGF for regularization of the provisional registration was rejected and registration cancelled vide order dated March 26, 2024 by Income Tax Commissioner (Exemption). IGF has filed an appeal before Income Tax Tribunal against the order.
The Group had contractual commitments for capital expenditure primarily comprising of commitments for infrastructure facilities and computer equipment aggregating to $109 million and $94 million as of March 31, 2025, and March 31, 2024, respectively.

2.7.1 Capital work-in-Progress

The changes in capital work-in-progress for the year ended March 31, 2025, March 31,