Infosys Technologies Ltd.

: Balance Sheet

Rs crore Mar-95 Mar-96 Mar-97 Mar-98 Mar-99

ASSETS
Gross fixed assets 36.16 51.29 78.34 112.46 183.81
Land & building 5.06 17.24 20.89 24.16 39.66
Plant & machinery 17.56 25.61 42.40 68.02 108.15
Other fixed assets 2.70 4.00 8.00 12.96 21.12
Capital WIP 10.84 4.44 7.05 7.32 14.88
Less: cummulative depreciation 6.14 14.66 25.03 47.51 83.09
Net fixed assets 30.02 36.63 53.31 64.95 100.72

Investments 6.31 6.29 5.33 10.78 0.75

In group / associate cos. 0.13 1.87 5.33 10.78 0.00
In mutual funds 3.56 0.88 0.00 0.00 0.00
Other investments 2.62 3.54 0.00 0.00 0.75

Marketable investment 6.12 6.29 0.00 0.00 0.00

In group / associate cos. 0.00 1.87 0.00 0.00 0.00
Quoted investment 3.20 6.29 0.00 0.00 0.00
Market value of quoted investment 3.14 4.42 0.00 0.00 0.00

Deferred tax assets 0.00 0.00 0.00 0.00 0.00

Inventories 0.17 0.17 0.04 0.00 0.00

Raw materials and stores 0.00 0.00 0.00 0.00 0.00
Raw materials 0.00 0.00 0.00 0.00 0.00
Stores and spares 0.00 0.00 0.00 0.00 0.00
Finished and semi-finished goods 0.17 0.17 0.04 0.00 0.00
Finished goods 0.17 0.17 0.04 0.00 0.00
Semi-finished goods 0.00 0.00 0.00 0.00 0.00
Incomplete construction contracts 0.00 0.00 0.00 0.00 0.00
Stock real estate 0.00 0.00 0.00 0.00 0.00
Stock of shares / securities 0.00 0.00 0.00 0.00 0.00
Other stock 0.00 0.00 0.00 0.00 0.00
-
Receivables 32.55 40.75 56.53 79.06 152.88
Sundry debtors 8.25 12.96 18.09 39.88 84.52
Debtors exceeding six months 0.05 0.16 1.37 0.00 0.00
Accrued income 0.00 0.00 0.00 0.00 0.00
Advances / loans to corporate bodies 8.50 12.38 13.75 7.28 11.61
Group / associate cos. 0.00 0.00 0.00 0.00 0.00
Other cos. 8.50 12.38 13.75 7.28 11.61
Deposits with govt. / agencies 0.00 0.00 0.00 0.00 0.00
Advance payment of tax 3.20 7.28 12.88 9.59 19.11
Other receivables 12.60 8.13 11.81 22.31 37.64

Cash & bank balance 5.79 13.25 15.02 43.87 405.05

Cash in hand 0.01 0.02 0.04 0.05 0.08
Bank balance 5.78 13.23 14.98 43.82 404.97

Intangible / DRE not written off 0.00 0.00 0.00 0.00 0.00
Intangible assets (goodwill, etc.) 0.00 0.00 0.00 0.00 0.00
DRE not written off 0.00 0.00 0.00 0.00 0.00
Share issue expenses not written off 0.00 0.00 0.00 0.00 0.00
VRS expenses not written off 0.00 0.00 0.00 0.00 0.00
 Other misc. expenses not written off 0.00 0.00 0.00 0.00 0.00

Total assets 74.84 97.09 130.23 198.66 659.40

Liabilities
Rs. Crores Mar-95 Mar-96 Mar-97 Mar-98 Mar-99

Net worth 62.47 79.84 112.84 172.96 574.43

Authorised capital 10.00 10.00 10.00 30.00 50.00
Issued capital 7.26 7.26 7.26 16.02 33.07
Paid-up equity capital 7.26 7.26 7.26 16.02 33.07
Preference capital 0.00 0.00 0.00 0.00 0.00
Bonus equity capital 4.91 4.91 4.91 12.93 28.94
Buy back shares 0.00 0.00 0.00 0.00 0.00
Buy back amount 0.00 0.00 0.00 0.00 0.00

Reserves and surplus 55.21 72.58 105.58 156.94 541.36

Free reserves 55.11 72.49 101.92 153.35 535.42
Premium reserves 34.75 34.75 34.75 41.50 319.99
Other free reserves 20.36 37.74 67.17 111.85 215.43
Specific reserves 0.10 0.09 3.66 3.59 5.94
Revaluation reserves 0.00 0.00 0.00 0.00 0.00

Borrowings 6.34 4.26 0.00 0.00 0.00

Total bank borr. 0.00 0.00 0.00 0.00 0.00
Short term bank borr. 0.00 0.00 0.00 0.00 0.00
Long term bank borr. 0.00 0.00 0.00 0.00 0.00
Borr from financial institutions 6.34 0.00 0.00 0.00 0.00
Commercial papers 0.00 0.00 0.00 0.00 0.00
Debentures 0.00 0.00 0.00 0.00 0.00
Fixed deposits 0.00 0.00 0.00 0.00 0.00
Foreign borr 0.00 0.00 0.00 0.00 0.00
Borr from corporate bodies 0.00 4.26 0.00 0.00 0.00
Borr from group companies 0.00 0.00 0.00 0.00 0.00
Borr from other companies 0.00 4.26 0.00 0.00 0.00
Borr from promoters/directors 0.00 0.00 0.00 0.00 0.00
Borr from govt./sales tax loans 0.00 0.00 0.00 0.00 0.00

Current portion of long term debt 1.94 2.47 0.00 0.00 0.00
Secured borrowings 0.00 4.26 0.00 0.00 0.00
Unsecured borrowings 6.34 0.00 0.00 0.00 0.00
Foreign currency borrowings 0.00 0.00 0.00 0.00 0.00

Deferred tax liability 0.00 0.00 0.00 0.00 0.00

Current Liabilities and Provisions

Current liabilities 1.79 4.51 5.12 11.20 42.84
Sundry creditors 0.21 3.58 4.41 6.63 13.45
Creditors for cap. goods 0.00 0.00 0.00 0.00 0.00
Accrued interest 0.00 0.00 0.00 0.00 0.00
Other current liabilities 1.58 0.93 0.71 4.57 29.39
Adv against work-in-progress 0.00 0.00 0.00 0.00 0.00
Share application money 0.00 0.00 0.00 0.00 0.00
Provisions 4.24 8.48 12.27 14.50 42.13
 Tax provisions 1.94 3.62 4.46 4.00 18.62
Dividend provisions 1.54 2.54 2.90 5.27 8.10
Dividend tax provisions 0.00 0.00 0.00 0.00 0.00
Other provisions 0.00 0.00 0.00 1.23 10.08

Total liabilities 74.84 97.09 130.23 198.66 659.40

Contingent Liabilities
Bills discounted 0.00 0.00 0.00 0.00 0.00
Total disputed taxes 0.00 0.00 0.00 0.00 0.00
Letters of credit 0.00 1.17 3.40 0.00 0.00
Total guarantees 0.77 0.66 2.00 1.73 3.20
Future lease payables 0.00 0.00 0.00 0.00 0.00
Liabilities on capital a/c 2.33 2.96 9.95 10.95 24.90
Mar-00 Mar-01 Mar-02 Mar-03 Mar-04

340.99 801.79 1,111.27 1,307.74 1,731.57

79.98 194.33 329.03 432.81 549.86
164.00 335.99 471.76 589.05 726.25
40.05 100.82 159.81 209.32 251.98
56.96 170.65 150.67 76.56 203.48
133.65 244.13 393.03 565.77 761.27
207.34 557.66 718.24 741.97 970.30

20.89 56.47 66.79 66.23 1,055.35

7.05 7.06 7.06 15.40 95.74
0.00 0.00 0.00 0.00 929.60
13.84 49.41 59.73 50.83 30.01

0.00 0.00 0.00 0.00 929.60

0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00

0.00 0.00 24.22 36.81 35.63

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00

346.30 732.65 985.87 1,392.48 1,472.91

136.18 302.37 336.73 512.14 632.51
2.21 0.00 0.00 0.00 0.00
0.00 0.00 25.75 101.48 101.53
50.82 192.68 252.00 300.00 200.85
0.00 0.00 0.00 0.00 0.85
50.82 192.68 252.00 300.00 200.00
0.00 0.00 0.00 0.00 0.00
54.41 123.74 236.25 289.99 349.88
104.89 113.86 135.14 188.87 188.14

431.79 385.06 766.95 1,328.67 1,630.73

0.13 0.01 0.03 0.01 0.00
431.66 385.05 766.92 1,328.66 1,630.73

0.00 0.00 0.00 30.75 0.00

0.00 0.00 0.00 30.75 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
 0.00 0.00 0.00 0.00 0.00

1,006.32 1,731.84 2,562.07 3,596.91 5,164.92

Mar-00 Mar-01 Mar-02 Mar-03 Mar-04

833.30 1,389.64 2,080.31 2,860.65 3,253.43

50.00 50.00 50.00 50.00 50.00
33.07 33.08 33.09 33.12 33.32
33.07 33.08 33.09 33.12 33.32
0.00 0.00 0.00 0.00 0.00
28.94 28.94 28.94 28.94 28.94
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00

800.23 1,356.56 2,047.22 2,827.53 3,220.11

794.29 1,350.62 2,041.28 2,821.59 3,214.17
318.37 320.75 325.34 338.83 460.90
475.92 1,029.87 1,715.94 2,482.76 2,753.27
5.94 5.94 5.94 5.94 5.94
0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

67.15 98.23 86.74 231.67 459.58

26.70 0.13 0.00 122.84 303.46
0.00 0.00 0.00 24.80 19.21
0.00 0.00 0.00 0.00 0.00
40.45 98.10 86.74 84.03 136.91
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
105.87 243.97 395.02 504.59 1,451.91
 39.46 71.31 143.19 212.09 227.49
19.84 49.62 82.73 96.05 766.37
0.00 5.06 0.00 12.30 98.19
21.25 66.39 72.72 121.43 133.96

1,006.32 1,731.84 2,562.07 3,596.91 5,164.92

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
5.26 6.83 16.27 7.99 11.23
0.00 7.30 16.95 17.93 25.04
80.31 158.25 63.53 86.49 192.49
Infosys Technologies Ltd.: Profit & Loss Statement
Rs. Crore Mar-95 Mar-96 Mar-97 Mar-98 Mar-99 Mar-00
Sales 55.42 88.97 140.21 258.67 508.89 884.35
Other income 2.30 4.29 3.60 1.69 3.85 37.12
Expenses capitalised 0.00 0.00 0.00 0.00 0.00 0.00
Change in stocks 0.00 0.00 0.00 0.00 0.00 0.00
Raw material, stores, etc. 0.77 0.87 0.50 0.01 0.00 0.00
Power and fuel expenses 0.27 0.39 0.76 1.67 2.73 5.01
Total indirect taxes 0.06 0.09 0.42 1.12 1.17 1.04
Salaries and wages 22.21 34.41 51.63 93.73 166.06 334.55
Advertising expenses 0.26 0.41 0.89 1.15 0.77 2.12
Marketing expenses 0.00 0.00 0.05 0.11 2.00 4.86
Distribution expenses 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 4.60 8.63 10.52 22.75 35.89 53.23
Lease rent 0.00 0.00 0.00 0.00 0.00 0.00
Other financial charges 0.09 0.14 0.36 0.29 0.39 0.42
Tax provisions 1.94 3.62 4.46 4.00 18.62 39.46
PAT 13.32 21.01 36.98 60.36 135.26 293.52
PBDIT 19.95 33.40 52.93 87.40 190.16 386.63
PBDT 19.86 33.26 51.96 87.11 189.77 386.21
PBT 15.26 24.63 41.44 64.36 153.88 332.98
Dividends 2.31 3.63 3.99 7.73 13.32 33.03
Retained profits 11.01 17.38 32.99 52.63 121.94 260.49
DPS 3.18 5.00 5.50 4.39 3.66 4.50
Adjusted Closing Price 14.06 19.69 45.09 134.66 328.16 2025.00
EPS 18.35 28.94 50.94 37.68 40.90 44.37
Mar-01 Mar-02 Mar-03 Mar-04
1,900.56 2,603.59 3,622.69 4,760.89
59.37 66.41 99.61 127.39
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 3.24 0.00 0.00
11.79 18.96 22.60 28.72
1.82 4.26 5.41 5.46
718.38 1,118.85 1,678.24 2,367.35
6.31 3.09 6.19 6.03
17.28 33.07 49.25 55.22
0.00 0.00 0.58 0.84
112.89 160.65 188.95 230.90
0.00 0.00 29.30 38.88
2.12 0.71 0.75 0.75
71.31 143.19 212.09 227.49
628.81 807.96 957.93 1,243.47
815.13 1,112.51 1,389.02 1,741.49
813.01 1,111.80 1,358.97 1,701.86
700.12 951.15 1,170.02 1,470.96
74.85 137.42 191.11 972.96
553.96 670.54 766.82 270.51
10.00 20.00 26.99 129.42
931.95 922.38 697.66 1286.74
95.05 122.07 144.61 186.59
Infosys Technologies Ltd.: Profit & Loss Statement
Rs. Crores Mar-95 Mar-96 Mar-97 Mar-98

Net Profit Before Tax & Extra Ord. Items 15.26 25.32 39.54 65.86
Depreciation 4.50 8.63 10.52 22.75
Interest Payable 0.00 0.00 0.00 0.00
Foreign exchange gain/loss 0.00 0.00 0.00 0.00
Write offs/amortisations 0.00 0.00 0.00 0.00
Profit on Sale of Investment -2.95 -0.53 0.00 0.00
Profit on Sale of Assets 0.00 0.00 0.00 0.00
Interest Income 0.00 0.00 0.00 0.00
Dividend Income 0.00 0.00 0.00 0.00
Other Income Adjustments -2.28 -4.86 -3.48 -1.60

Cash Flow Before working capital change 14.53 30.84 46.58 87.01
Trade and Other Receivables -5.31 -11.22 -6.84 -32.31
Inventories 0.28 0.00 0.13 0.04
Trade Payables 2.81 6.95 -1.66 7.31

Cash Flow from operations 12.31 26.57 32.09 62.05

Interest paid -1.85 -4.30 -0.61 0.00
Direct taxes paid 0.00 0.00 -7.72 -4.28
Dividend tax paid 0.00 0.00 0.00 0.00

Cash Flow Before Extra Ordinary Items 10.46 22.27 23.76 57.77
Extra Ordinary Items 0.00 0.00 0.00 0.00

Cash flow from Operating Activities 10.46 22.27 23.76 57.77

Net Cash used in Investing Activities -22.40 -12.12 -16.88 -38.24

Purchase of Fixed Assets -25.23 -15.56 -27.31 -34.41
Sale of Fixed Assets 0.15 0.31 0.12 0.03
Acquisition of Companies 0.00 0.00 0.00 0.00
Purchase of Investment 0.00 -1.73 0.00 -5.45
Sale of Investment 0.42 0.00 6.83 0.00
Project Expenses 0.00 0.00 0.00 0.00
Loans to Subsidiary/Group cos 0.00 0.00 0.00 0.00
Loans to Other Companies 0.00 0.00 0.00 0.00
Interest Received 0.00 0.00 0.00 0.00
Dividend Received 1.68 4.35 3.48 1.59
Other Income 0.58 0.51 0.00 0.00

Net Cash used in Financing Activity 28.24 -5.71 -7.88 2.83

Proceeds from Share Issue 24.23 0.00 0.00 7.49
Proceeds from Total Borr. 0.00 0.00 0.01 0.00
Proceeds from Long Term Borr. 6.34 -2.08 -4.26 0.00
Proceeds from Short Term Borr. 0.00 0.00 0.00 0.00
Repayment of Long Term Borr. 0.00 0.00 0.00 0.00
Repayment of Short Term Borr. 0.00 0.00 0.00 0.00
Share Issue Expenses -0.02 0.00 0.00 0.00
Dividend Paid -2.31 -3.63 -3.63 -4.66
Other Financing Activity 0.00 0.00 0.00 0.00
Net Cash Flow 16.30 4.44 -1.00 22.36

Opening cash balance 9.04 25.34 29.78 28.78

Closing cash balance 25.34 29.78 28.78 51.14

Mar-99 Mar-00 Mar-01 Mar-02 Mar-03 Mar-04

155.86 325.65 696.03 943.39 1,158.93 1,470.47

35.89 53.23 112.89 160.65 188.95 230.90
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 -13.26 -0.97 6.59
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 -0.09 -0.09 0.00 -0.04
0.00 0.00 -38.47 -51.23 -78.05 -100.28
0.00 0.00 0.00 0.00 0.00 0.00
-3.67 -36.71 0.00 -8.69 0.00 0.00

194.74 335.90 785.65 1,030.77 1,292.63 1,617.31

-59.96 -93.16 -200.91 -73.38 -303.04 -121.71
0.00 0.00 0.00 0.00 0.00 0.00
33.82 42.26 60.93 -5.16 158.46 245.50

168.60 285.00 645.67 952.23 1,148.05 1,741.10

0.00 0.00 0.00 0.00 0.00 0.00
-16.79 -35.52 -85.18 -131.27 -232.09 -107.13
0.00 0.00 0.00 0.00 0.00 0.00

151.81 249.48 560.49 820.96 915.96 1,633.97

7.06 9.93 0.00 0.00 0.00 0.00

158.87 259.41 560.49 820.96 915.96 1,633.97

-62.68 -146.16 -451.30 -280.23 -153.41 -1,332.01

-71.68 -159.87 -463.35 -322.74 -219.26 -429.87
0.02 0.10 0.23 1.60 0.33 1.43
0.00 0.00 0.00 0.00 0.00 0.00
-0.75 -13.08 -26.65 -10.32 -12.53 -1,003.85
6.06 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 38.47 51.23 78.05 100.28
3.67 26.69 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00

269.33 -21.53 -39.82 -104.77 -151.00 -101.07

279.53 1.76 2.38 4.60 13.52 122.27
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
0.00 -3.36 0.00 0.00 0.00 0.00
-10.20 -19.93 -42.20 -109.37 -165.49 -216.75
0.00 0.00 0.00 0.00 0.97 -6.59
365.52 91.72 69.37 435.96 611.55 200.89

51.14 416.65 508.37 577.74 1,026.96 1,638.51

416.66 508.37 577.74 1,013.70 1,638.51 1,839.40

 BSE

Infosys Technologies Ltd.

Closing Index
Price Closing
BSE
Infosys Sensex
Mar-95 475.00 3260.96
Apr-95 450.00 3133.28
May-95 500.00 3351.48
Jun-95 474.00 3247.36
Jul-95 445.00 3386.97
Aug-95 477.00 3346.76
Sep-95 463.00 3493.21
Oct-95 445.00 3423.47
Nov-95 365.00 2994.29
Dec-95 410.00 3110.49
Jan-96 405.00 2931.84
Feb-96 475.00 3391.99
Mar-96 495.00 3366.61
Apr-96 630.00 3826.72
May-96 650.00 3724.97
Jun-96 715.00 3812.52
Jul-96 660.00 3536.94
Aug-96 684.00 3514.61
Sep-96 660.00 3239.48
Oct-96 686.00 3163.78
Nov-96 697.00 2890.5
Dec-96 765.00 3085.2
Jan-97 830.25 3382.47
Feb-97 1,050.00 3651.91
Mar-97 1,006.75 3360.89
Apr-97 1,442.75 3841.11
May-97 1,462.75 3755.1
Jun-97 1,860.00 4256.09
Jul-97 2,205.00 4305.76
Aug-97 1,270.25 3876.08
Sep-97 1,592.75 3902.03
Oct-97 1,380.00 3803.24
Nov-97 1,389.00 3560.29
Dec-97 1,232.75 3658.98
Jan-98 1,080.75 3224.36
Feb-98 1,401.00 3622.22
Mar-98 1,827.75 3892.75
Apr-98 2,154.50 4006.81
May-98 2,435.75 3686.39
Jun-98 2,222.75 3250.69
Jul-98 2,624.00 3211.31
Aug-98 2,562.00 2933.85
Sep-98 2,509.50 3102.29
Oct-98 2,423.00 2812.49
Nov-98 2,335.00 2810.66
Dec-98 2,958.50 3055.41
Jan-99 4,700.00 3315.57
Feb-99 2,924.50 3399.63
Mar-99 2,925.00 3739.96
Apr-99 2,625.25 3325.69
May-99 3,255.00 3963.56
Jun-99 3,626.35 4140.73
Jul-99 4,830.00 4542.34
Aug-99 5,600.00 4898.21
Sep-99 7,139.00 4764.42
Oct-99 6,948.00 4444.56
Nov-99 9,250.00 4622.21
Dec-99 14,516.25 5005.82
Jan-00 7,205.00 5205.29
Feb-00 8,704.60 5446.98
Mar-00 8,901.95 5001.28
Apr-00 8,100.00 4657.55
May-00 6,990.00 4433.61
Jun-00 8,318.85 4748.77
Jul-00 6,800.95 4279.86
Aug-00 8,373.15 4477.31
Sep-00 7,343.60 4090.38
Oct-00 7,169.40 3711.02
Nov-00 7,158.70 3997.99
Dec-00 5,705.55 3972.12
Jan-01 6,786.65 4326.72
Feb-01 6,258.40 4247.04
Mar-01 4,082.90 3604.38
Apr-01 3,727.80 3519.16
May-01 3,774.30 3631.91
Jun-01 3,761.35 3456.78
Jul-01 3,761.30 3329.28
Aug-01 3,532.30 3244.95
Sep-01 2,378.35 2811.6
Oct-01 2,914.30 2989.35
Nov-01 3,895.95 3287.56
Dec-01 4,073.60 3262.33
Jan-02 3,889.35 3311.03
Feb-02 3,530.25 3562.31
Mar-02 3,735.45 3469.35
Apr-02 3,689.50 3338.16
May-02 3,382.05 3125.73
Jun-02 3,284.90 3244.7
Jul-02 3,042.35 2987.65
Aug-02 3,619.05 3181.23
Sep-02 3,400.30 2991.36
Oct-02 3,787.80 2949.32
Nov-02 4,557.40 3228.82
Dec-02 4,771.15 3377.28
Jan-03 4,301.05 3250.38
Feb-03 4,284.15 3283.66
Mar-03 4,040.30 3048.72
Apr-03 2,790.65 2959.79
May-03 2,672.40 3180.75
Jun-03 3,264.85 3607.13
Jul-03 3,593.30 3792.61
Aug-03 3,910.40 4244.73
Sep-03 4,524.20 4453.24
Oct-03 4,741.45 4906.87
Nov-03 4,924.50 5044.82
Dec-03 5,563.70 5838.96
Jan-04 5,195.15 5695.67
Feb-04 5,071.90 5667.51
Mar-04 4,938.15 5590.6
Apr-04 5,146.95 5655.09