Company: INFY
Filing Date: 2025-07-01
Form Type: 20-F
Source: 0000950170-25-091925
Chunk: 91

Company: Infosys Ltd
Filing Date: 2025-07-01
Form: 20-F
Item: Item 5
Chunk 91
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 administrative expense of 0.2% as a percentage of revenue which was partially offset by an increase in selling and marketing expense of 0.2% as a percentage of revenue.

 

Other income and Finance cost
The following table sets forth our other income and finance cost for fiscal 2025 and fiscal 2024:

                    (Dollars in millions)                                                                  
                    Fiscal 2025             Fiscal 2024             Change               Percentage        
                                                                                         Change            
Other income, net   425                     568                           (143   )               (25.2   )%
Finance cost        49                      56                            (7     )               (12.5   )%

Other income for fiscal 2025 primarily includes income from investments of $304 million, interest income on income tax refund of $41 million, foreign exchange gain of $55 million on translation of foreign currency assets and liabilities and foreign exchange loss of $24 million on forward and option contracts. Income tax refund for fiscal 2025, includes interest income (pre-tax) on income tax refund of $38 million recognized by the Company based on orders received under section 250 of the Income Tax Act, 1961, from the Income Tax Authorities in India for the assessment years, 2016-17 and 2019-20.

Other income for fiscal 2024 primarily includes income from investments of $250 million, interest income on income tax refund of $237 million, foreign exchange gain of $11 million on translation of foreign currency assets and liabilities and foreign exchange gain of $12 million on forward and option contracts. Income tax refund for fiscal 2024, includes interest income (pre tax) on income tax refund of $232 million recognized by the Company based on orders received under sections 250 and 254 of the Income Tax Act, 1961, from the Income Tax Authorities in India for the assessment years, 2007-08 to 2015-16, 2017-18 and 2018-19.
Finance cost is primarily on account of leases. The lease payments are discounted using the interest rate implicit in the lease or, if not readily determinable, using the incremental borrowing rates in the country of domicile of these leases.
Functional currency, presentation currency and foreign exchange
The functional currency of Infosys, its Indian subsidiaries and controlled trusts is the Indian rupee. The functional currencies for all the other subsidiaries are the respective local currencies. The consolidated financial statements included in this Annual Report on Form 20-F are presented in U