Exhibit 99.3
WIPRO LIMITED
CONSOLIDATED STATUTORILY AUDITED FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED SEPTEMBER 30, 2015
(in millions, except share and per share data, unless otherwise stated)
Quarter ended | Six months ended | Year ended | ||||||||||||||||||||||||
Particulars | September 30, 2015 | June 30, 2015 | September 30, 2014 | September 30, 2015 | September 30, 2014 | March 31, 2015 | ||||||||||||||||||||
1 | Income from operations | |||||||||||||||||||||||||
a) Net Sales/income from operations (net of excise duty) | 125,668 | 123,706 | 118,160 | 249,374 | 230,615 | 473,180 | ||||||||||||||||||||
b) Other operating income | — | — | — | — | — | — | ||||||||||||||||||||
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Total income from operations (net) | 125,668 | 123,706 | 118,160 | 249,374 | 230,615 | 473,180 | ||||||||||||||||||||
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2 | Expenses | |||||||||||||||||||||||||
a) Cost of materials consumed | — | 1 | 10 | 1 | 29 | 34 | ||||||||||||||||||||
b) Purchase of stock-in-trade | 6,241 | 8,000 | 8,534 | 14,241 | 16,005 | 34,454 | ||||||||||||||||||||
c) (Increase)/Decrease in inventories of finished stock, work-in-progress and stock in process | (836 | ) | 97 | (381 | ) | (739 | ) | (459 | ) | (2,588 | ) | |||||||||||||||
d) Employee compensation | 61,314 | 59,007 | 56,947 | 120,321 | 110,836 | 224,838 | ||||||||||||||||||||
e) Depreciation and amortisation expense | 3,530 | 3,367 | 3,075 | 6,897 | 5,909 | 12,823 | ||||||||||||||||||||
f) Sub contracting/technical fees/third party application | 15,880 | 14,561 | 13,082 | 30,441 | 24,772 | 52,303 | ||||||||||||||||||||
g) Other expenditure | 15,250 | 14,651 | 13,831 | 29,901 | 26,690 | 55,893 | ||||||||||||||||||||
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Total expense | 101,379 | 99,684 | 95,098 | 201,063 | 183,782 | 377,757 | ||||||||||||||||||||
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3 | Profit from operations before other income, finance costs and exceptional items(1-2) | 24,289 | 24,022 | 23,062 | 48,311 | 46,833 | 95,423 | |||||||||||||||||||
4 | Other Income | 6,194 | 5,242 | 5,109 | 11,436 | 9,348 | 19,859 | |||||||||||||||||||
5 | Profit from ordinary activities before finance costs and exceptional items (3+4) | 30,483 | 29,264 | 28,171 | 59,747 | 56,181 | 115,282 | |||||||||||||||||||
6 | Finance Cost | 1,589 | 1,286 | 989 | 2,875 | 1,877 | 3,599 | |||||||||||||||||||
7 | Profit from ordinary activities after finance costs but before exceptional items (5-6) | 28,894 | 27,978 | 27,182 | 56,872 | 54,304 | 111,683 | |||||||||||||||||||
8 | Exceptional items | — | — | — | — | — | — | |||||||||||||||||||
9 | Profit from ordinary activities before tax (7+8) | 28,894 | 27,978 | 27,182 | 56,872 | 54,304 | 111,683 | |||||||||||||||||||
10 | Tax expense | 6,486 | 5,945 | 6,199 | 12,431 | 12,141 | 24,624 | |||||||||||||||||||
11 | Net profit from ordinary activities after tax (9-10) | 22,408 | 22,033 | 20,983 | 44,441 | 42,163 | 87,059 | |||||||||||||||||||
12 | Extraordinary items (net of tax expense) | — | — | — | — | — | — | |||||||||||||||||||
13 | Net profit for the period (11+12) | 22,408 | 22,033 | 20,983 | 44,441 | 42,163 | 87,059 | |||||||||||||||||||
14 | Share in earnings of associates | — | — | — | — | — | — | |||||||||||||||||||
15 | Minority interest | (54 | ) | (156 | ) | (135 | ) | (210 | ) | (283 | ) | (531 | ) | |||||||||||||
16 | Net profit after taxes, minority interest and share of profit of associates (13+14+15) | 22,354 | 21,877 | 20,848 | 44,231 | 41,880 | 86,528 | |||||||||||||||||||
17 | Paid up equity share capital (Face value![]() | 4,940 | 4,938 | 4,935 | 4,940 | 4,935 | 4,937 | |||||||||||||||||||
18 | Reserves excluding revaluation reserves as per balance sheet of previous accounting year | 403,045 | ||||||||||||||||||||||||
19 | EARNINGS PER SHARE (EPS) | |||||||||||||||||||||||||
Before extraordinary items | ||||||||||||||||||||||||||
Basic (in![]() | 9.10 | �� | 8.91 | 8.49 | 18.01 | 17.05 | 35.25 | |||||||||||||||||||
Diluted (in![]() | 9.08 | 8.89 | 8.45 | 17.97 | 16.98 | 35.13 | ||||||||||||||||||||
After extraordinary items | ||||||||||||||||||||||||||
Basic (in![]() | 9.10 | 8.91 | 8.49 | 18.01 | 17.05 | 35.25 | ||||||||||||||||||||
Diluted (in![]() | 9.08 | 8.89 | 8.45 | 17.97 | 16.98 | 35.13 | ||||||||||||||||||||
20 | Public shareholding (1) | |||||||||||||||||||||||||
Number of shares | 609,430,861 | 608,937,579 | 607,829,785 | 609,430,861 | 607,829,785 | 608,633,451 | ||||||||||||||||||||
Percentage of holding (as a % of total public shareholding) | 25.17 | % | 25.15 | % | 25.12 | % | 25.17 | % | 25.12 | % | 25.14 | % | ||||||||||||||
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) | 74.83% | 74.85 | % | 74.88 | % | 74.83 | % | 74.88 | % | 74.86 | % |
(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, 2015: 440,557,453 ; September 30, 2014: 440,557,453; March 31, 2015: 440,557,453) equity shares on which Promoter does not have beneficiary interest. |
Status of redressal of complaints received for the period July 1, 2015 to September 30, 2015
Sl | Nature of the complaint | Nature | Unresolved as at 01.07.2015 | Complaints received during the quarter | Complaints disposed during the quarter | Unresolved as at 30.09.2015 | ||||||||||||||
1 | Non-Receipt of Securities | Complaint | — | 1 | 1 | — | ||||||||||||||
2 | Non Receipt of Annual Reports | Complaint | — | 185 | 185 | — | ||||||||||||||
3 | Correction / Duplicate / Revalidation of dividend warrants | Request | — | 84 | 84 | — | ||||||||||||||
4 | SEBI/Stock Exchange Complaints | Complaint | — | 2 | 2 | — | ||||||||||||||
5 | Non Receipt of Dividend warrants | Complaint | — | 74 | 74 | — | ||||||||||||||
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TOTAL | — | 346 | 346 | — | ||||||||||||||||
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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 consolidated interim financial results of the Company for the quarter and six months ended September 30, 2015 have been approved by the directors of the Company at its meeting held on October 21, 2015. 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 amounting to![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
4. | Derivatives |
Derivative assets and liabilities:
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 parties in these derivative instruments are primarily banks 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 | ||||||||
March 31, 2015 | September 30, 2015 | |||||||
Designated derivative instruments | ||||||||
Sell | $ | 836 | $ | 870 | ||||
£ | 198 | £ | 243 | |||||
€ | 220 | € | 283 | |||||
AUD | 83 | AUD | 122 | |||||
Interest rate swaps | $ | 150 | $ | 150 | ||||
Net investment hedges in foreign operations | ||||||||
Others | $ | 145 | $ | 125 | ||||
Non designated derivative instruments | ||||||||
Sell | $ | 1,304 | $ | 780 | ||||
£ | 67 | £ | 52 | |||||
€ | 60 | € | 88 | |||||
AUD | 53 | AUD | 28 | |||||
¥ | 490 | ¥ | 490 | |||||
SGD | 13 | SGD | 3 | |||||
ZAR | 69 | ZAR | 20 | |||||
CAD | 30 | CAD | 11 | |||||
CHF | 10 | CHF | 10 | |||||
Buy | $ | 790 | $ | 970 |
5. | The list of subsidiaries is included in the condensed consolidated financial statements of Wipro Limited and subsidiaries for the quarter ended September 30, 2015, 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 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). 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, digital, consulting, infrastructure outsourcing services and business process services.
IT Products: The Company is 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. Revenue relating to the above items is reported as revenue from the sale of IT Products.
The Chairman and Managing Director 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 operating 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.
Information on reportable segment for the quarter ended September 30, 2015, June 30, 2015 and September 30, 2014, and six months ended September 30, 2015 and September 30, 2014, and year ended March 31, 2015 is as follows:
Particulars | Quarter ended | Six months ended | Year ended | |||||||||||||||||||||
September 30, 2015 | June 30, 2015 | September 30, 2014 | September 30, 2015 | September 30, 2014 | March 31, 2015 | |||||||||||||||||||
Revenue | ||||||||||||||||||||||||
IT Services | ||||||||||||||||||||||||
BFSI | 32,253 | 31,020 | 28,411 | 63,273 | 56,476 | 115,505 | ||||||||||||||||||
HLS | 13,746 | 12,988 | 12,176 | 26,734 | 23,466 | 49,884 | ||||||||||||||||||
RCTG | 18,112 | 17,380 | 15,218 | 35,492 | 29,945 | 62,209 | ||||||||||||||||||
ENU | 17,664 | 17,577 | 18,333 | 35,241 | 35,155 | 71,229 | ||||||||||||||||||
MFG | 22,562 | 21,524 | 19,894 | 44,086 | 39,004 | 80,303 | ||||||||||||||||||
GMT | 16,091 | 15,284 | 15,203 | 31,375 | 30,272 | 61,050 | ||||||||||||||||||
Others | — | — | — | — | — | — | ||||||||||||||||||
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Total of IT Services | 120,428 | 115,773 | 109,235 | 236,201 | 214,318 | 440,180 | ||||||||||||||||||
IT Products | 5,442 | 8,174 | 9,152 | 13,616 | 16,812 | 34,006 | ||||||||||||||||||
Reconciling Items | (202 | ) | (241 | ) | (226 | ) | (443 | ) | (513 | ) | (1,004 | ) | ||||||||||||
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Total | 125,668 | 123,706 | 118,161 | 249,374 | 230,617 | 473,182 | ||||||||||||||||||
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Segment Result | ||||||||||||||||||||||||
IT Services | ||||||||||||||||||||||||
BFSI | 6,935 | 7,013 | 6,245 | 13,948 | 12,869 | 27,378 | ||||||||||||||||||
HLS | 3,044 | 2,759 | 2,422 | 5,803 | 4,553 | 10,565 | ||||||||||||||||||
RCTG | 3,262 | 3,140 | 3,205 | 6,402 | 6,393 | 13,190 | ||||||||||||||||||
ENU | 3,497 | 3,812 | 5,000 | 7,309 | 9,553 | 17,561 | ||||||||||||||||||
MFG | 4,801 | 4,327 | 4,034 | 9,128 | 8,402 | 17,127 | ||||||||||||||||||
GMT | 3,137 | 2,698 | 3,496 | 5,835 | 7,258 | 13,574 | ||||||||||||||||||
Others | — | — | 608 | — | 583 | 583 | ||||||||||||||||||
Unallocated | 276 | 530 | (987 | ) | 806 | (1,611 | ) | (2,329 | ) | |||||||||||||||
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Total of IT Services | 24,952 | 24,279 | 24,023 | 49,231 | 48,000 | 97,649 | ||||||||||||||||||
IT Products | (208 | ) | 139 | 62 | (69 | ) | 227 | 374 | ||||||||||||||||
Reconciling Items | (455 | ) | (396 | ) | (1,023 | ) | (851 | ) | (1,394 | ) | (2,600 | ) | ||||||||||||
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Total | 24,289 | 24,022 | 23,062 | 48,311 | 46,833 | 95,423 | ||||||||||||||||||
Finance Expense | (1,589 | ) | (1,286 | ) | (989 | ) | (2,875 | ) | (1,877 | ) | (3,599 | ) | ||||||||||||
Finance and Other Income | 6,194 | 5,242 | 5,109 | 11,436 | 9,348 | 19,859 | ||||||||||||||||||
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Profit before tax | 28,894 | 27,978 | 27,182 | 56,872 | 54,304 | 111,683 | ||||||||||||||||||
Income tax expense | (6,486 | ) | (5,945 | ) | (6,199 | ) | (12,431 | ) | (12,141 | ) | (24,624 | ) | ||||||||||||
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Profit for the period | 22,408 | 22,033 | 20,983 | 44,441 | 42,163 | 87,059 | ||||||||||||||||||
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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, 2015 | June 30, 2015 | September 30, 2014 | September 30, 2015 | September 30, 2014 | March 31, 2015 | |||||||||||||||||||
India | ![]() | 12,073 | ![]() | 13,354 | ![]() | 10,668 | ![]() | ![]() | 21,739 | ![]() | ||||||||||||||
Americas | 64,094 | 61,061 | 57,133 | 125,155 | 110,009 | 227,328 | ||||||||||||||||||
Europe | 30,629 | 30,006 | 30,884 | 60,635 | 62,251 | 124,523 | ||||||||||||||||||
Rest of the world | 18,872 | 19,285 | 19,476 | 38,157 | 36,618 | 75,517 | ||||||||||||||||||
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![]() | 125,668 | ![]() | 123,706 | ![]() | 118,161 | ![]() | 249,374 | ![]() | 230,617 | ![]() | 473,182 | |||||||||||||
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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, 2015, June 30, 2015 and September 30, 2014, six months ended September 30, 2015 and September 30, 2014 and year ended March 31, 2015.
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 Nil, Nil and![]() ![]() ![]() |
d) | Revenue from sale of traded cloud based licenses is reported as part of IT Services revenues. |
e) | 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). |
f) | 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. |
g) | For evaluating the performance of the individual business segments, amortization of intangibles arising out of business combinations are reported in reconciling items. |
h) | 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 83,000, 2,747,400 and Nil options under RSU Options Plan and 10,000, 1,487,700 and 35,000 options under ADS during the quarter ended September 30, 2015, June 30, 2015 and September 30, 2014 and 2,830,400 and 2,480,000 options under RSU Plan and 1,497,700 and 1,689,500 options under ADS during the six months ended September 30, 2015 and 2014, respectively and 2,480,000 options under RSU Plan and 1,689,500 options under ADS during the year ended March 31, 2015. |
8. | Business combination |
ATCO I-Tek Inc.
On August 15, 2014, the Company obtained control of ATCO I-Tek Inc, a Canadian entity, by acquiring 100% of its share capital and certain assets of IT services business of ATCO I-Tek Australia (hereafter the acquisitions are collectively referred to as ‘acquisition of ATCO I-Tek’) for an all-cash consideration of 11,071 (Canadian Dollars 198 million) post conclusion of closing conditions and fair value adjustments. ATCO I-Tek provides IT services to ATCO Group. The acquisition will strengthen Wipro’s IT services delivery model in North America and Australia.
The following table presents the allocation of purchase price:
Description | Pre-acquisition carrying amount | Fair value adjustments | Purchase price allocated | |||||||||
Net assets | ![]() | 1,330 | ![]() | (278) | ![]() | 1,052 | ||||||
Customer related intangibles | — | 8,228 | 8,228 | |||||||||
Deferred tax liabilities | — | (2,017 | ) | (2,017 | ) | |||||||
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Total | ![]() | 1,330 | ![]() | 5,933 | 7,263 | |||||||
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Goodwill | 3,808 | |||||||||||
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Total purchase price | ![]() | 11,071 | ||||||||||
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The goodwill of 3,808 comprises value of expected synergies arising from the acquisition. Goodwill is not deductible for income tax purposes.
Designit AS
On August 6, 2015, the Company obtained control of Designit AS (“Designit”) by acquiring 100% of its share capital. Designit is a Denmark based global strategic design firm specializing in designing transformative product-service experiences. The acquisition will strengthen the Company’s digital offerings, combining engineering and transformative technology with human centered-design methods.
The acquisition was executed through a share purchase agreement for a consideration of 6,540 million (EUR 93 million) which includes a deferred earn-out component of
2,092 million (EUR 30 million), which is linked to achievement of revenues and earnings over a period of 3 years ending June 30, 2018. The fair value of the earn-out liability was estimated by applying the discounted cash flow approach considering discount rate of 13% and probability adjusted revenue and earnings estimates. This earn-out liability was fair valued at
1,287 million and recorded as part of preliminary purchase price allocation.
The following table presents the provisional allocation of purchase price:
Description | Pre-acquisition carrying amount | Fair value adjustments | Purchase price allocated | |||||||||
Net assets | ![]() | 580 | ![]() | — | ![]() | 580 | ||||||
Customer related intangibles | — | 597 | 597 | |||||||||
Brand | — | 638 | 638 | |||||||||
Non-compete agreement | — | 103 | 103 | |||||||||
Deferred tax liabilities | — | (290 | ) | (290 | ) | |||||||
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Total | ![]() | 580 | ![]() | 1048 | 1,628 | |||||||
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Goodwill | 4,107 | |||||||||||
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Total purchase price | ![]() | 5,735 | ||||||||||
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Net assets acquired include 359 of cash and cash equivalents and trade receivables valued at
392.
The goodwill of 4,107 comprises value of acquired workforce and expected synergies arising from the acquisition. Goodwill is not deductible for income tax purposes.
The pro-forma effects of this acquisition on the Company’s operations were not material.
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 may result in certain adjustments to the above allocation.
9. | Stand-alone information (Audited) |
Particulars | Quarter ended | Six Months ended | Year Ended | |||||||||||||||||||||
September 30, 2015 | June 30, 2015 | September 30, 2014 | September 30, 2015 | September 30, 2014 | March 31, 2015 | |||||||||||||||||||
Income from Operations (Net) | ![]() | 111,055 | ![]() | 109,276 | ![]() | 103,582 | ![]() | 220,331 | ![]() | 204,623 | ![]() | 416,350 | ||||||||||||
Profit before tax | 27,581 | 25,620 | 25,904 | 53,201 | 52,338 | 105,570 | ||||||||||||||||||
Profit after tax | 21,419 | 19,882 | 19,920 | 41,301 | 40,592 | 81,931 |
10. | Consolidated Statement of assets and Liabilities |
Particulars | As at September 30, 2015 | As at March 31, 2015 | ||||||||
I. | EQUITY AND LIABILITIES | |||||||||
1. | Shareholder’s funds | |||||||||
Share capital | 4,940 | 4,937 | ||||||||
Reserves and surplus | 428,276 | 403,045 | ||||||||
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433,216 | 407,982 | |||||||||
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2. | Minority Interest | 1,936 | 1,646 | |||||||
3. | Non- current liabilities | |||||||||
Long-term borrowings | 15,884 | 12,707 | ||||||||
Deferred tax liabilities | 3,394 | 3,240 | ||||||||
Other long term liabilities | 6,909 | 3,729 | ||||||||
Long-term provisions | 6,486 | 6,700 | ||||||||
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32,673 | 26,376 | |||||||||
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4. | Current liabilities | |||||||||
Short term borrowings | 83,427 | 66,206 | ||||||||
Trade payables and accrued expense | 61,515 | 58,745 | ||||||||
Other current liabilities | 30,615 | 29,525 | ||||||||
Short term provisions | 10,640 | 9,553 | ||||||||
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186,197 | 164,029 | |||||||||
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TOTAL EQUITY AND LIABILITIES | 654,022 | 600,033 | ||||||||
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II | ASSETS | |||||||||
1. | Non-current assets | |||||||||
Fixed assets | ||||||||||
Tangible assets | 57,403 | 54,206 | ||||||||
Intangible assets | 8,740 | 7,931 | ||||||||
Goodwill | 75,246 | 68,078 | ||||||||
Non-current investments | 4,374 | 3,867 | ||||||||
Deferred tax assets | 4,094 | 2,945 | ||||||||
Long-term loans and advances | 11,551 | 11,409 | ||||||||
Other non-current assets | 14,074 | 15,105 | ||||||||
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|
|
| |||||||
175,482 | 163,541 | |||||||||
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2. | Current assets | |||||||||
Current investments | 123,315 | 53,908 | ||||||||
Inventories | 5,571 | 4,849 | ||||||||
Trade receivables | 96,539 | 91,531 | ||||||||
Cash and bank balances | 100,486 | 158,940 | ||||||||
Short-term loans and advances | 7,549 | 6,490 | ||||||||
Other current assets | 145,080 | 120,774 | ||||||||
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| |||||||
478,540 | 436,492 | |||||||||
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TOTAL ASSETS | 654,022 | 600,033 | ||||||||
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Place: Bangalore Date: October 21, 2015 | By order of the Board, For, Wipro Limited Azim H Premji Chairman | WIPRO LIMITED Regd. Office: Doddakannelli, Sarjapur Road,Bangalore – 560 035. 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