Company: INFY
Filing Date: 2025-07-01
Form Type: 20-F
Source: 0000950170-25-091925
Chunk: 239

Company: Infosys Ltd
Filing Date: 2025-07-01
Form: 20-F
Item: Item 18
Chunk 239
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 lifetime expected credit loss on customer balances was $13 million, $11 million and $28 million for fiscal 2025, 2024 and 2023, respectively.

Movement in credit loss allowance on customer balance is as follows:
  
                                                                              (Dollars in millions)    
                                                                               Year ended March 31,    
                                               2025               2024                2023             
Balance at the beginning                               114                 117                  113    
Translation differences                                 (2    )              (   )                (   )
Impairment loss recognized / (reversed), net            13                  11                   28    
Amounts written off                                      (    )              (   )              (21   )
Balance at the end                                     114                 114                  117    

The gross carrying amount of a financial asset is written off (either partially or in full) when there is no realistic prospect of recovery.

Credit exposure

The Group’s credit period generally ranges from 30-75 days.

(Dollars in millions)                                                   
                         As of                                          
                         March 31, 2025                March 31, 2024   
Trade receivables                  3,645                         3,620  
Unbilled revenues                  1,764                         1,744  

Days Sales Outstanding (DSO) as of March 31, 2025 and March 31, 2024 was 69 days and 71 days, respectively.

Credit risk on cash and cash equivalents is limited as the Group generally invest in deposits with banks and financial institutions with high ratings assigned by international and domestic credit rating agencies. Ratings are monitored periodically and the Group has considered the latest credit rating information to the extent available as at the date of these consolidated financial statements.

The investments of the Group primarily include investment in liquid mutual fund units, quoted debt securities, certificates of deposit, commercial paper, quoted bonds issued by government and quasi government organizations. The Group invests after considering counterparty risks based on multiple criteria including Tier I Capital, Capital Adequacy Ratio, credit rating, profitability, NPA levels and deposit base of banks and financial institutions. These risks are monitored regularly as per Group’s risk management program.
Liquidity risk
Liquidity risk is defined as the risk that the Group will not be able to settle or meet its obligations on time.
The Group's principal sources of liquidity are cash and cash equivalents and investments and the cash flow that is generated from operations. The Group has no outstanding borrowings. The Group