Can Satyam pay salaries to its employees?

Can Satyam pay salaries to ite employees? Here are some interesting fugures:

What they need

• Satyam pays Rs 522 crore in salaries and bonuses on an average per month (close to 6000 crore in a year), according to its last quarterly financial update.
• A smaller amount of roughly Rs 10 crore in staff welfare and employee stock compensation expenses per month.
• Reimbursements for travel, communication and other personnel-related expenses — the monthly outgo for salaries would amount to about Rs 580 crore.
• All put together will be about 1100 crore

What they have (or had)

• Actual cash and bank balance of only Rs 320 crore at the end of September 30, 2008 itself as per Mr. ramalinga Raju (in his letter) to board
• This means Satyam could pay barely half a month’s salary or so at the most.

But four months have passed since september hence there is more than a question mark on whether Satyam employees would be paid their monthly remuneration for January 2009?

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