Exhibit 99.3
WIPRO LIMITED - CONSOLIDATED
CONSOLIDATED AUDITED FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED SEPTEMBER 30, 2014
( in millions, except share and per share data, unless otherwise stated)
Particulars | Quarter ended | Six months ended | Year ended | |||||||||||||||||||||||
September 30, 2014 | June 30, 2014 | September 30, 2013 | September 30, 2014 | September 30, 2013 | March 31, 2014 | |||||||||||||||||||||
1 | Income from operations | |||||||||||||||||||||||||
a) Net Sales/income from operations (net of excise duty) | 118,160 | 112,455 | 109,907 | 230,615 | 207,239 | 437,549 | ||||||||||||||||||||
b) Other operating income | — | — | — | — | — | — | ||||||||||||||||||||
Total income from operations (net) | 118,160 | 112,455 | 109,907 | 230,615 | 207,239 | 437,549 | ||||||||||||||||||||
2 | Expenses | |||||||||||||||||||||||||
a) Cost of materials consumed | 10 | 19 | (198 | ) | 29 | 153 | 2,054 | |||||||||||||||||||
b) Purchase of stock-in-trade | 7,401 | 6,552 | 6,903 | 13,953 | 13,321 | 27,670 | ||||||||||||||||||||
c) (Increase)/Decrease in inventories of finished stock, work-in-progress and stock in process | (381 | ) | (78 | ) | (9 | ) | (459 | ) | (337 | ) | 54 | |||||||||||||||
d) Employee compensation | 56,947 | 53,889 | 52,730 | 110,836 | 101,058 | 206,568 | ||||||||||||||||||||
e) Depreciation and amortisation expense | 3,075 | 2,834 | 2,616 | 5,909 | 5,117 | 11,106 | ||||||||||||||||||||
f) Sub contracting/technical fees/third party application | 13,067 | 11,679 | 10,563 | 24,745 | 20,769 | 43,521 | ||||||||||||||||||||
g) Other expenditure | 14,979 | 13,789 | 14,880 | 28,769 | 27,034 | 57,222 | ||||||||||||||||||||
Total expense | 95,098 | 88,684 | 87,485 | 183,782 | 167,115 | 348,195 | ||||||||||||||||||||
3 | Profit from operations before other income, financecosts and exceptional items (1-2) | 23,062 | 23,771 | 22,422 | 46,833 | 40,124 | 89,354 | |||||||||||||||||||
4 | Other Income | 5,109 | 4,239 | 3,412 | 9,348 | 6,774 | 14,542 | |||||||||||||||||||
5 | Profit from ordinary activities before finance costsand exceptional items (3+4) | 28,171 | 28,010 | 25,834 | 56,181 | 46,898 | 103,896 | |||||||||||||||||||
6 | Finance Cost | 989 | 888 | 656 | 1,877 | 1,151 | 2,891 | |||||||||||||||||||
7 | Profit from ordinary activities after finance costsbut before exceptional items (5-6) | 27,182 | 27,122 | 25,178 | 54,304 | 45,747 | 101,005 | |||||||||||||||||||
8 | Exceptional items | — | — | — | — | — | — | |||||||||||||||||||
9 | Profit from ordinary activities before tax (7+8) | 27,182 | 27,122 | 25,178 | 54,304 | 45,747 | 101,005 | |||||||||||||||||||
10 | Tax expense | 6,199 | 5,942 | 5,754 | 12,141 | 10,005 | 22,600 | |||||||||||||||||||
11 | Net profit from ordinary activities after tax (9-10) | 20,983 | 21,180 | 19,424 | 42,163 | 35,742 | 78,405 | |||||||||||||||||||
12 | Extraordinary items (net of tax expense) | — | — | — | — | — | — | |||||||||||||||||||
13 | Net profit for the period (11+12) | 20,983 | 21,180 | 19,424 | 42,163 | 35,742 | 78,405 | |||||||||||||||||||
14 | Share in earnings of associates | — | — | — | — | — | — | |||||||||||||||||||
15 | Minority interest | (135 | ) | (148 | ) | (103 | ) | (283 | ) | (187 | ) | (438 | ) | |||||||||||||
16 | Net profit after taxes, minority interest and share of profit ofassociates (13+14+15) | 20,848 | 21,032 | 19,321 | 41,880 | 35,555 | 77,967 | |||||||||||||||||||
17 | Paid up equity share capital (Face value![]() | 4,935 | 4,934 | 4,930 | 4,935 | 4,930 | 4,932 | |||||||||||||||||||
18 | Reserves excluding revaluation reserves as per balance sheet of previous accounting year | 338,567 | ||||||||||||||||||||||||
19 | EARNINGS PER SHARE (EPS) | |||||||||||||||||||||||||
Before extraordinary items | ||||||||||||||||||||||||||
Basic (in![]() | 8.49 | 8.57 | 7.87 | 17.05 | 14.48 | 31.76 | ||||||||||||||||||||
Diluted (in![]() | 8.45 | 8.54 | 7.85 | 16.98 | 14.44 | 31.66 | ||||||||||||||||||||
After extraordinary items | ||||||||||||||||||||||||||
Basic (in![]() | 8.49 | 8.57 | 7.87 | 17.05 | 14.48 | 31.76 | ||||||||||||||||||||
Diluted (in![]() | 8.45 | 8.54 | 7.85 | 16.98 | 14.44 | 31.66 | ||||||||||||||||||||
20 | Public shareholding(1) | |||||||||||||||||||||||||
Number of shares | 607,829,785 | 607,403,337 | 605,403,338 | 607,829,785 | 605,403,338 | 606,514,878 | ||||||||||||||||||||
Percentage of holding (as a% of total public shareholding) | 25.12 | % | 25.11 | % | 25.04 | % | 25.12 | % | 25.04 | % | 25.08 | % | ||||||||||||||
21 | Promoters and promoter group shareholding | |||||||||||||||||||||||||
a) Pledged/ Encumbered | ||||||||||||||||||||||||||
-Number of shares | Nil | Nil | Nil | Nil | Nil | Nil | ||||||||||||||||||||
-Percentage of shares (as a% of the total shareholding of promoter and promoter group) | Nil | Nil | Nil | Nil | Nil | Nil | ||||||||||||||||||||
-Percentage of shares (as a% of the total share capital of the company) | Nil | Nil | Nil | Nil | Nil | Nil | ||||||||||||||||||||
b) Non-encumbered | ||||||||||||||||||||||||||
-Number of shares(2) | 1,812,022,464 | 1,812,022,464 | 1,812,022,464 | 1,812,022,464 | 1,812,022,464 | 1,812,022,464 | ||||||||||||||||||||
-Percentage of shares (as a% of the total shareholding of promoter and promoter group) | 100 | % | 100 | % | 100 | % | 100 | % | 100 | % | 100 | % | ||||||||||||||
-Percentage of shares (as a% of the total share capital of the company, excluding ADS Shareholding) | 74.88 | % | 74.89 | % | 74.96 | % | 74.88 | % | 74.96 | % | 74.92 | % |
(1) | Public shareholding as defined under clause 40A of the listing agreement (excludes shares beneficially held by promoters and holders of American Depository Receipt) |
(2) | Includes 440,557,453 (June 30, 2014: 440,557,453 ; September 30, 2013: 440,557,453; March 31, 2014: 440,557,453) equity shares on which Promoter does not have beneficiary interest. |
Status of redressal of complaints received for the period July 1, 2014 to September 30, 2014 | ||||||||||||||||||||
Sl | Nature of the complaint | Nature | Unresolved as at 01.07.2014 | Complaints received during the quarter | Complaints disposed during the quarter | Unresolved as at 30.09.2014 | ||||||||||||||
1 | Non-Receipt of Securities | Complaint | — | 12 | 12 | — | ||||||||||||||
2 | Non Receipt of Annual Reports | Complaint | — | 161 | 161 | — | ||||||||||||||
3 | Correction / Duplicate / Revalidation of dividend warrants / Demerger Fractional Payout Warrants | Request | — | 415 | 415 | — | ||||||||||||||
4 | SEBI/Stock Exchange Complaints | Complaint | — | 7 | 7 | — | ||||||||||||||
5 | Non Receipt of Dividend warrants | Complaint | — | 179 | 179 | — | ||||||||||||||
TOTAL | — | 774 | 774 | — |
Note: There are certain pending cases relating to disputes over title to shares in which the company has been made a party. However these cases are not material in nature.
1. | The condensed consolidated interim financial results of the Company for the quarter ended September 30, 2014 have been approved by the directors of the Company at its meeting held on October 22, 2014. The statutory auditors have expressed an unqualified audit opinion. |
2. | The above consolidated interim financial results have been prepared from the condensed consolidated interim financial statements, which are prepared in accordance with International Financial Reporting Standards and its interpretations (“IFRS”), as issued by the International Accounting Standards Board (“IASB”). |
3. | The total revenue from operations represent the aggregate revenue and includes foreign exchange gains / (losses), net and is net of excise duty amounting to![]() ![]() ![]() ![]() ![]() ![]() |
4. | Derivatives |
The Company is exposed to foreign currency fluctuations on foreign currency assets / liabilities, forecasted cash flows denominated in foreign currency and net investment in foreign operations. The Company follows established risk management policies, including the use of derivatives to hedge foreign currency assets / liabilities, foreign currency forecasted cash flows and net investment in foreign operations. The counter party in these derivative instruments is a bank and the Company considers the risks of non-performance by the counterparty as non-material.
The following table presents the aggregate contracted principal amounts of the Company’s derivative contracts outstanding:
As at | ||||||||
September 30, 2014 | March 31, 2014 | |||||||
Designated derivative instruments | ||||||||
Sell | $ | 905 | $ | 516 | ||||
£ | 183 | £ | 51 | |||||
€ | 116 | € | 78 | |||||
AUD | 25 | AUD | 9 | |||||
Interest rate swaps | $ | 150 | $ | 150 |
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As at | ||||||||
September 30, 2014 | March 31, 2014 | |||||||
Net investment hedges in foreign operations | ||||||||
Others | $ | 220 | $ | 220 | ||||
€ | 25 | € | 25 | |||||
Non designated derivative instruments | ||||||||
Sell | $ | 851 | $ | 1,061 | ||||
£ | 112 | £ | 112 | |||||
€ | 63 | € | 63 | |||||
AUD | 78 | AUD | 99 | |||||
¥ | 490 | ¥ | 490 | |||||
SGD | 13 | SGD | 8 | |||||
ZAR | 69 | ZAR | 223 | |||||
CAD | 24 | CAD | 10 | |||||
CHF | 10 | CHF | — | |||||
Buy | $ | 450 | $ | 585 |
5. | The list of subsidiaries is included in the condensed consolidated financial statements of Wipro Limited and subsidiaries for the quarter ended September 30, 2014, are available on our company website www.wipro.com |
6. | Segment Information |
The Company is organized by the following operating segments; IT Services and IT Products.
IT Services: The IT Services segment primarily consists of IT Service offerings to our customers organized by industry verticals as follows: Banking, Financial Services and Insurance (BFSI), Healthcare and Life Sciences (HLS), Retail, Consumer, Transport and Government (RCTG), Energy, Natural Resources and Utilities (ENU), Manufacturing (MFG), Global Media and Telecom (GMT). Starting with quarter ended September 30, 2014, it also includes Others which comprises dividend income and gains or losses (net) relating to strategic investments, which are presented within “Finance and other income” in the statement of Income. Key service offering to customers includes software application development and maintenance, research and development services for hardware and software design, business application services, analytics, consulting, infrastructure outsourcing services and business process outsourcing services.
IT Products: The IT Products segment sells a range of Wipro personal desktop computers, Wipro servers and Wipro notebooks. The Company is also a value added reseller of desktops, servers, notebooks, storage products, networking solutions and packaged software for leading international brands. In certain total outsourcing contracts of the IT Services segment, the Company delivers hardware, software products and other related deliverables. During FY 2013-14, the Company ceased the manufacturing of ‘Wipro branded desktops, laptops and servers’. Revenue relating to the above items is reported as revenue from the sale of IT Products.
The Chairman of the Company has been identified as the Chief Operating Decision Maker (CODM) as defined by IFRS 8,“Operating Segments”. The Chairman of the Company evaluates the segments based on their revenue growth and operating income.
Assets and liabilities used in the Company’s business are not identified to any of the reportable segments, as these are used interchangeably between segments. Management believes that it is currently not practicable to provide segment disclosures relating to total assets and liabilities since a meaningful segregation of the available data is onerous.
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Information on reportable segment for the quarter ended September 30, 2014, June 30, 2014 and September 30, 2013, and six months ended September 30, 2014 and September 30, 2013, and year ended March 31, 2014 is as follows:
Particulars | Quarter ended | Six months ended | Year ended | |||||||||||||||||||||
September 30, 2014 | June 30, 2014 | September 30, 2013 | September 30, 2014 | September 30, 2013 | March 31, 2014 | |||||||||||||||||||
Revenue | ||||||||||||||||||||||||
IT Services | ||||||||||||||||||||||||
BFSI | 28,411 | 28,065 | 26,570 | 56,476 | 50,262 | 106,035 | ||||||||||||||||||
HLS | 12,176 | 11,290 | 10,174 | 23,466 | 18,941 | 41,130 | ||||||||||||||||||
RCTG | 15,218 | 14,727 | 14,916 | 29,945 | 28,365 | 58,893 | ||||||||||||||||||
ENU | 18,333 | 16,822 | 15,897 | 35,155 | 30,125 | 63,923 | ||||||||||||||||||
MFG | 19,894 | 19,110 | 19,100 | 39,004 | 36,129 | 74,423 | ||||||||||||||||||
GMT | 15,203 | 15,069 | 14,022 | 30,272 | 26,220 | 55,105 | ||||||||||||||||||
Others | — | — | — | — | — | — | ||||||||||||||||||
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Total of IT Services | 109,235 | 105,083 | 100,679 | 214,318 | 190,042 | 399,509 | ||||||||||||||||||
IT Products | 9,152 | 7,660 | 9,374 | 16,812 | 17,540 | 38,785 | ||||||||||||||||||
Reconciling Items | (226 | ) | (287 | ) | (133 | ) | (513 | ) | (316 | ) | (666 | ) | ||||||||||||
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Total | 118,161 | 112,456 | 109,920 | 230,617 | 207,266 | 437,628 | ||||||||||||||||||
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Segment Result | ||||||||||||||||||||||||
IT Services | ||||||||||||||||||||||||
BFSI | 6,245 | 6,624 | 5,981 | 12,869 | 10,771 | 24,153 | ||||||||||||||||||
HLS | 2,422 | 2,131 | 1,904 | 4,553 | 3,308 | 7,637 | ||||||||||||||||||
RCTG | 3,205 | 3,188 | 3,252 | 6,393 | 5,800 | 13,012 | ||||||||||||||||||
ENU | 5,000 | 4,553 | 4,260 | 9,553 | 7,848 | 17,418 | ||||||||||||||||||
MFG | 4,034 | 4,368 | 4,489 | 8,402 | 7,874 | 17,348 | ||||||||||||||||||
GMT | 3,496 | 3,762 | 3,157 | 7,258 | 5,392 | 11,569 | ||||||||||||||||||
Others | 608 | (25 | ) | — | 583 | — | — | |||||||||||||||||
Unallocated | (987 | ) | (623 | ) | (399 | ) | (1,611 | ) | (504 | ) | (804 | ) | ||||||||||||
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Total of IT Services | 24,023 | 23,978 | 22,644 | 48,000 | 40,489 | 90,333 | ||||||||||||||||||
IT Products | 62 | 165 | 152 | 227 | 283 | 310 | ||||||||||||||||||
Reconciling Items | (1,023 | ) | (372 | ) | (374 | ) | (1,394 | ) | (648 | ) | (1,289 | ) | ||||||||||||
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Total | 23,062 | 23,771 | 22,422 | 46,833 | 40,124 | 89,354 | ||||||||||||||||||
Finance Expense | (989 | ) | (888 | ) | (656 | ) | (1,877 | ) | (1,151 | ) | (2,891 | ) | ||||||||||||
Finance and Other Income | 5,109 | 4,239 | 3,412 | 9,348 | 6,774 | 14,542 | ||||||||||||||||||
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Profit before tax | 27,182 | 27,122 | 25,178 | 54,304 | 45,747 | 101,005 | ||||||||||||||||||
Income tax expense | (6,199 | ) | (5,942 | ) | (5,754 | ) | (12,141 | ) | (10,005 | ) | (22,600 | ) | ||||||||||||
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Profit for the period | 20,983 | 21,180 | 19,424 | 42,163 | 35,742 | 78,405 | ||||||||||||||||||
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The Company has four geographic segments: India, Americas, Europe and Rest of the world. Revenues from the geographic segments based on domicile of the customer are as follows:
Quarter ended | Six months ended | Year ended | ||||||||||||||||||||||
September 30, 2014 | June 30, 2014 | September 30, 2013 | September 30, 2014 | September 30, 2013 | March 31, 2014 | |||||||||||||||||||
India | ![]() | 10,668 | ![]() | 11,072 | ![]() | 11,304 | ![]() | 21,739 | ![]() | 21,999 | ![]() | 46,235 | ||||||||||||
Americas | 57,133 | 52,876 | 50,421 | 110,009 | 95,087 | 200,343 | ||||||||||||||||||
Europe | 30,884 | 31,367 | 30,209 | 62,251 | 56,746 | 120,868 | ||||||||||||||||||
Rest of the world | 19,476 | 17,141 | 17,986 | 36,618 | 33,434 | 70,182 | ||||||||||||||||||
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![]() | 118,161 | ![]() | 112,456 | ![]() | 109,920 | ![]() | 230,617 | ![]() | 207,266 | ![]() | 437,628 | |||||||||||||
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Management believes that it is currently not practicable to provide disclosure of geographical location wise assets, since the meaningful segregation of the available information is onerous.
No client individually accounted for more than 10% of the revenues during the quarter ended September 30, 2014, June 30, 2014 and September 30, 2013, six months ended September 30, 2014 and September 30, 2013 and year ended March 31, 2014.
Notes:
a) | ‘Reconciling items’ includes elimination of inter-segment transactions, dividend income/ gains/ losses relating to strategic investments and other corporate activities. |
b) | Segment result represents operating profits of the segments and dividend income and gains or losses (net) relating to strategic investments, which are presented within “Finance and other income” in the statement of Income. |
c) | Revenues include excise duty amounting to![]() ![]() ![]() ![]() ![]() ![]() |
d) | For the purpose of segment reporting, the Company has included the impact of ‘foreign exchange gains / (losses), net’ in revenues (which is reported as a part of operating profit in the statement of income). |
e) | For evaluating performance of the individual business segments, stock compensation expense is allocated on the basis of straight line amortization. The differential impact of accelerated amortization of stock compensation expense over stock compensation expense allocated to the individual business segments is reported in reconciling items. |
f) | For evaluating the performance of the individual business segments, amortization of customer related intangibles acquired through business combinations are reported in reconciling items. |
g) | The Company generally offers multi-year payment terms in certain total outsourcing contracts. These payment terms primarily relate to IT hardware, software and certain transformation services in outsourcing contracts. Corporate treasury provides internal financing to the business units offering multi-year payments terms. The finance income on deferred consideration earned under these contracts is included in the revenue of the respective segment and is eliminated under reconciling items. |
7. | The Company has granted Nil, 2,480,000 and Nil options under RSU Options Plan and 35,000, 1,654,500 and Nil options under ADS during the quarter ended September 30, 2014, June 30, 2014 and September 30, 2013 and 2,480,000 and NIL options under RSU Plan and 1,689,500 and Nil options under ADS during the six months ended September 30, 2014 and 2013, respectively and 30,000 options under RSU Plan and Nil options under ADS during the year ended March 31, 2014. |
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8. | Business Combination |
Opus Capital Markets Consultants LLC
On January 14, 2014, the Company had obtained control of Opus Capital Markets Consultants LLC (‘Opus’) by acquiring 100% of its share capital. Opus is a US-based provider of mortgage due diligence and risk management services. The acquisition will strengthen Wipro’s mortgage solutions and complement its existing offerings in mortgage origination, servicing and secondary market.
The acquisition was executed through a share purchase agreement for a consideration of US$ 75 million including a deferred earn-out component of US$ 21 million, which is dependent on achievement of revenues and earnings over a period of 3 years. The provisional fair value of the contingent consideration amounting to 781, recognized on the acquisition date is determined by discounting the estimated amount payable to the previous owners based on achievement of forecast revenue and EBIT. The estimated fair value would increase (decrease) if: (a) the annual growth rate were higher (lower); (b) the EBIT margin were higher (lower); or (c) the risk adjusted discount rate were lower (higher).
During the previous quarter, an amount of $0.94 million had been received on conclusion of certain closing conditions which has been recorded as a reduction of the purchase consideration, thereby resulting in reduction of goodwill.
The following table presents the provisional allocation of purchase price:
Description | Purchase price allocated | |||
Assets | ||||
Cash and cash equivalents | ![]() | 22 | ||
Property, plant & equipment (including software) | 160 | |||
Trade receivable | 456 | |||
Other assets | 20 | |||
Customer related intangibles | 234 | |||
Non-compete arrangement | 216 | |||
Liabilities | ||||
Other liabilities | (258 | ) | ||
Deferred income taxes, net | (133 | ) | ||
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Total | 717 | |||
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Goodwill | 3,007 | |||
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Total purchase price | ![]() | 3,724 | ||
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Goodwill is not expected to be deductible for income tax purposes.
The purchase consideration has been allocated on a provisional basis based on management’s estimates. The Company is in the process of making a final determination of the fair value of assets and liabilities, contingent consideration and useful lives of certain customer-related intangibles. Finalization of the purchase price allocation based on an independent third party appraisal may result in certain adjustments to the above allocation
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ATCO I-Tek Inc.
On August 15, 2014, the Company obtained control of ATCO I-Tek Inc. (‘ATCO I-Tek’) by acquiring 100% of its share capital. ATCO I-Tek is a Canada based provider of IT services to ATCO Ltd. The acquisition will strengthen Wipro’s IT services delivery model in North America and Australia.
The acquisition was executed through a share purchase and sale agreement for Canada and asset sale and purchase agreement for Australia for an all-cash consideration of Canadian Dollars (CAD) 204 million.
The following table presents the provisional allocation of purchase price:
Description | Purchase price allocated | |||
Assets | ||||
Cash | ![]() | 71 | ||
Property, plant & equipment (including capital work-in-progress and software) | 1,658 | |||
Trade receivables | 210 | |||
Other assets | 267 | |||
Customer related intangibles | 8,073 | |||
Liabilities | ||||
Trade payables and accrued liabilities | (755 | ) | ||
Deferred income taxes, net | (2,115 | ) | ||
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Total | 7,409 | |||
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Goodwill | 4,011 | |||
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Total purchase price | ![]() | 11,420 | ||
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The goodwill of 4,011 comprises of value of expected synergies arising from the acquisition. Goodwill is not expected to be deductible for income tax purposes. The purchase consideration was settled in cash.
If the acquisition had occurred on April 1, 2014, management estimates that consolidated revenue for the Company would have been 233,212 and the profit after taxes would have been
42,607, for six months ended September 30, 2014. The pro-forma amounts are not necessarily indicative of the results that would have occurred if the acquisition had occurred on dates indicated or that may result in the future.
The purchase consideration has been allocated on a provisional basis based on management’s estimates. The Company is in the process of making a final determination of the fair value of assets and liabilities. Finalization of the purchase price allocation based on an independent third party appraisal may result in certain adjustments to the above allocation.
9. | Subsequent Events |
On October 8, 2014, the Company has entered into a Series G Preferred Unit Purchase Agreement to increase its investment in Opera Solutions LLC by $ 8.2 million. Post the additional investment, the Company will continue to classify the investment as Available for sale investment.
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10. | Stand-alone information (Audited) |
Particulars | Quarter ended | Six Months ended | Year ended | |||||||||||||||||||||
September 30, 2014 | June 30, 2014 | September 30, 2013# | September 30, 2014 | September 30, 2013# | March 31, 2014 | |||||||||||||||||||
Income from Operations (Net) | ![]() | 103,582 | ![]() | 101,041 | ![]() | 98,472 | ![]() | 204,623 | ![]() | 186,295 | ![]() | 391,333 | ||||||||||||
Profit before tax | 25,904 | 26,434 | 21,973 | 52,338 | 39,671 | 96,082 | ||||||||||||||||||
Profit after tax | 19,920 | 20,672 | 16,332 | 40,592 | 29,712 | 73,874 |
# | Recasted to give effect to the scheme of amalgamation of Wipro Energy IT Services Limited and Wipro Technology Services Limited, (wholly owned subsidiaries) with Wipro Limited as approved by the Honorable High Court of Karnataka, with April 1, 2013 being the appointed date. |
11. | Consolidated Statement of assets and Liabilities (IFRS) |
Statement of Assets and Liabilities
Particulars | As at September 30, 2014 | As at March 31, 2014 | ||||||||
I. | EQUITY AND LIABILITIES | |||||||||
1 | Shareholder’s funds | |||||||||
Share capital | 4,935 | 4,932 | ||||||||
Reserves and surplus | 369,002 | 338,567 | ||||||||
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373,937 | 343,499 | |||||||||
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2 | Minority Interest | 1,379 | 1,387 | |||||||
3 | Non- current liabilities | |||||||||
Long-term borrowings | 11,124 | 10,909 | ||||||||
Deferred tax liabilities | 4,006 | 1,796 | ||||||||
Other long term liabilities | 5,087 | 4,803 | ||||||||
Long-term provisions | 3,654 | 3,454 | ||||||||
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23,871 | 20,962 | |||||||||
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4 | Current liabilities | |||||||||
Short term borrowings | 46,072 | 40,683 | ||||||||
Trade payables and accrued expense | 54,160 | 52,256 | ||||||||
Other current liabilities | 28,169 | 29,665 | ||||||||
Short term provisions | 11,984 | 13,852 | ||||||||
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140,385 | 136,456 | |||||||||
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TOTAL EQUITY AND LIABILTIES | 539,572 | 502,304 | ||||||||
|
|
|
|
Particulars | As at September 30, 2014 | As at March 31, 2014 | ||||||||
II | ASSETS | |||||||||
1 | Non-current assets | |||||||||
Fixed assets | ||||||||||
Tangible assets | 54,729 | 51,449 | ||||||||
Intangible assets | 9,488 | 1,936 | ||||||||
Goodwill | 68,537 | 63,422 | ||||||||
Non-current investments | 2,724 | 2,676 | ||||||||
Deferred tax assets | 3,640 | 3,362 | ||||||||
Long-term loans and advances | 10,122 | 10,192 | ||||||||
Other non-current assets | 14,550 | 14,581 | ||||||||
|
|
|
| |||||||
163,790 | 147,618 | |||||||||
|
|
|
| |||||||
2 | Current assets | |||||||||
Current investments | 66,727 | 60,557 | ||||||||
Inventories | 2,776 | 2,293 | ||||||||
Trade receivables | 88,260 | 85,392 | ||||||||
Cash and bank balances | 108,811 | 114,201 | ||||||||
Short-term loans and advances | 7,093 | 9,774 | ||||||||
Other current assets | 102,115 | 82,469 | ||||||||
|
| �� |
|
| ||||||
375,782 | 354,686 | |||||||||
|
|
|
| |||||||
TOTAL ASSETS | 539,572 | 502,304 | ||||||||
|
|
|
|
By order of the Board, | WIPRO LIMITED | |||
for, Wipro Limited | Regd. Office: Doddakanneli, | |||
Place: Bangalore | Azim H Premji | Sarjapur Road, Bangalore - 560 035, | ||
Date: October 22, 2014 | Chairman | www.wipro.com | ||
CIN: L32102KA1945PLC020800; Registered Office: Wipro Limited, Doddakanneli, Sarjapur Road, Bangalore-560035, India Website: www.wipro.com; Email id - info@wipro.com; Tel: +91-80-2844 0011; Fax: +91-80-2844 0054 |
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