Wipro Balance Sheets – Get the latest Financial Reports, Balance Sheets of Wipro on The Economic Times. With a track record of over 25 years, Wipro is the first to perfect a unique quality methodology, the .. We have a healthy balance sheet and strong cash flows. 2 Apr Infosys Annual Report to attach the, Balance Sheet, Statement of Profit and Loss and other Wipro Technologies Limited.
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Chartered Accountants Firm registration number: Mar 31, We have audited the accompanying financial statements of WiproLimited ”the Company”comprising the balance sheet ssheet at March 31, the statement of profit and loss, the cash flow statementfortheyearthenended.
Report on other legal and regulatory requirements 1. Opinion In our opinion and to the best of our information and according to the explanations given to us, the financial statements give the information required by the Act in the manner so required and give a true and fair view in wheet with the accounting principles generally accepted in India: As users of financial statements do not have access to books and records based on which financial statements are prepared, they depend on companies audited financial statements, which are presumed to be both reliable and relevant.
Debt Equity ratio is a long term solvency ratio which indicate relation between portion of assets provided by 2102-13 and portion of assets financed by creditors. Because of the inherent limitations of internal financial controls over financial reporting, including the possibility of collusion or improper management override of controls, nalance misstatements due to error balnce fraud may occur and not be detected.
Our responsibility is to express an opinion on these standalone financial statements based on our audit.
International Financial Reporting Standards (IFRS) Adoption on Financial Decisions
The maximum outstanding during the year was? In our opinion, to the best of our information and according to the explanations given to us, the Company has, in all material respects, an adequate internal financial controls system over financial reporting and such internal financial controls over financial reporting 212-13 operating effectively as at March 31,based on the internal control over financial reporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting issued by the Institute of Chartered Accountants of India.
Expansion of markets internationally wiro deprived local companies of the home market advantage. Financial statements must be presented in such a way that there should not be any ambiguity in reporting and give scope for interpreting it in multiple ways. The discrepancies noticed on physical verification between the physical stocks and the book records were not material.
Register Here Forgot password?? As required by Section 3 of the Act, we report, to the extent applicable, that: This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the balwnce and completeness of the accounting records, relevant to the preparation and presentation of the standalone financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.
We have not observed any major weakness in the internal control system during the course of the audit. Sales-tax and Service tax have not been deposited by the Company on account of disputes: Those Standards and the Guidance Note require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether adequate internal financial controls overfinancial reporting was established and maintained and if such controls operated effectively in all material respects.
This is due to demerger and discontinuation of operations by of certain subsidiary companies, by which assets and liabilities of these companies are adjusted against reserves of Wipro as on March 31, An audit involves performing procedures to obtain audit evidence shdet the amounts and the disclosures in the financial statements.
The results indicated increase in profitability and gearing ratios and decrease in PE, equity and quick ratios. Those Standards and the Guidance Note require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether adequate internal financial controls over financial reporting was established and maintained and if such controls operated effectively in all material respects.
Mar 31, We have audited the accompanying standalone financial statements of Wipro Limited ”the Company”which comprise the balance sheet as at March 31,the statement of profit and loss and the cash flow statement for the year then ended, and a summary of the significant accounting policies and other explanatory information.
We conducted our audit of the standalone financial statements in accordance with the Standards on Auditing specified under Section 10 of the Act.
The maximum amount outstanding during the year was Rs 4, millions and the year-end balance of such loans was Rs 3, millions of which loans amounting to Rs 3, millions are interest free. The Central Excise Act, September 29, Citation: These financial statements are the responsibility of the Company’s management.
The stability of the business, its financial health and all reflected through these ratios. Latest technologies and standards are constantly being adopted to keep the database user-friendly, comprehensive and up-to-date. Employees were happy as long as they were nalance with good return; employees with their salaries ssheet benefits; customers with quality product at competitive prices. However, IFRS continues to show the profits of the discontinued demerged operations separately in its income statement inwhich has resulted in the difference of 8.
This includes cookies from third party social media websites and ad networks. We conducted our audit in accordance with the auditing standards generally accepted in India. Accordingly, the disclosure requirement as envisaged in Notification G. Our responsibility is to express an opinion on the internal financial controls over financial reporting of the Company based on our audit.
From shareholder perspective if liabilities are less, it is good news to them as the company is adding value to them in form of financial assets. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The wioro case study 201-13 is an attempt to explore the impact of this voluntary adoption of International Financial Reporting Standards on financial decisions.
To avoid multiple reporting and to have a transparent system of reporting which facilitates; comparisons, reduces cost of raising capital, and also fulfills regulatory requirements of different countries, a uniform system of accounting was felt necessary. Users of these financial reports are many, such as investors, creditors, employees, customers, competitors, government, public and so on.
We conducted our audit in accordance with the standards on wipto issued by the Institute of Chartered Accountants of India. Opinion In our opinion and to the best of our information and according to the explanations given to us, the aforesaid standalone financial statements give the information required by the Act in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India, of the state of affairs of the Company as at March 31,and its profit, total comprehensive income, the changes in equity and its cash flows for the year ended on that date.
A ratio of interest to both the shareholders and creditors, as the debt position of the company reflects the managerial efficiency with which the capital is utilized and also the financial health. The Central Government has not prescribed the maintenance of cost records under Section 1 of the Act, for any of the products or services rendered by the Company. Comparability of financial statement is another important aspect of IFRS, main purpose for which uniform accounting standard was initiated.
Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial controls system overfinancial reporting and their operating effectiveness. Further, the study draws the differences in financial ratios under both standards and builds on the inherent information to balahce decision makers.
Wipro Balance Sheets, Financial Statements – The Economic Times
Also, projections of any evaluation of the internal financial controls over financial reporting to future periods are subject to the risk that the internal financial control over financial reporting may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.
According to the information and explanations given to us, no material discrepancies were noticed on such verification. But following the companies bill of which was initiated to align Indian GAAP with IFRS, the exchange fluctuation on foreign currency borrowings was also shown as an interest expense in Indian GAAP from onwards, instead of adjusting with other income.
An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements.
Auditor Report of Wipro Ltd.
According to Price water house Coopers [ 22 ]. For Capital Market Wipro balance sheet Products related wipro balance sheet mail to: Users of financial sjeet are; investors, creditors, employees, customers, competitors, government, public etc. For stocks lying with third parties at the year-end, written confirmations have been obtained.