Wipro Limited Announces Results for the Quarter Ended June 30, 2021 Under IFRS

WIPRO LIMITED AND SUBSIDIARIES INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION (Rs in millions, except share and per share data, unless otherwise stated)                       As at March 31, 2021   As at June 30, 2021               Convenience translation into US dollar in millions
Refer footnote 1 ASSETS               Goodwill                               139,127                              223,485                                          3,007  Intangible assets                                 13,085                                43,029                                             579  Property, plant and equipment                                 85,192                                86,720                                          1,167  Right-of-Use assets                                 16,420                                19,804                                             266  Financial assets               Derivative assets                                        16                                      17    ^ Investments                                  10,576                                11,024                                             148  Trade receivables                                   4,358                                 4,392                                               59  Other financial assets                                  6,088                                 8,248                                             111  Investments accounted for using the equity method                                  1,464                                    709                                               10  Deferred tax assets                                  1,664                                 2,743                                               37  Non-current tax assets                                 14,323                                11,099                                             149  Other non-current assets                                 15,935                                11,795                                             159  Total non-current assets                               308,248                              423,065                                          5,692  Inventories                                  1,064                                    945                                               13  Financial assets               Derivative assets                                  4,064                                 2,458                                               33  Investments                               175,707                              167,034                                          2,247  Cash and cash equivalents                               169,793                              140,617                                          1,892  Trade receivables                                 94,298                              104,377                                          1,404  Unbilled receivables                                 27,124                                33,663                                             453  Other financial assets                                  7,245                                 8,670                                             117  Contract assets                                 16,507                                20,052                                             270  Current tax assets                                  2,461                                 4,587                                               62  Other current assets                                 24,923                                25,966                                             349  Total current assets                               523,186                              508,369                                          6,840                  TOTAL ASSETS                               831,434                              931,434                                         12,532                  EQUITY               Share capital                                 10,958                                10,958                                             147  Share premium                                     714                                    740                                               10  Retained earnings                               466,692                              498,003                                          6,700  Share-based payment reserve                                  3,071                                 3,884                                               52  SEZ Re-investment reserve                                 41,154                                42,297                                             569  Other components of equity                                 30,506                                33,785                                             455  Equity attributable to the equity holders of the Company                               553,095                              589,667                                          7,933  Non-controlling interests                                  1,498                                 1,095                                               15  TOTAL EQUITY                               554,593                              590,762                                          7,948                  LIABILITIES               Financial liabilities               Loans and borrowings                                  7,458                                55,392                                             745  Lease liabilities                                  13,513                                15,862                                             213  Other financial liabilities                                  2,291                                 3,349                                               45  Deferred tax liabilities                                  4,633                                14,367                                             193  Non-current tax liabilities                                 11,069                                11,083                                             149  Other non-current liabilities                                  7,835                                10,082                                             136  Provisions                                         2                                       1    ^ Total non-current liabilities                                 46,801                              110,136                                          1,481  Financial liabilities               Loans, borrowings and bank overdrafts                                 75,874                                60,105                                             809  Derivative liabilities                                  1,070                                 1,218                                               16  Trade payables and accrued expenses                                 78,870                                88,941                                          1,197  Lease liabilities                                  7,669                                 8,811                                             119  Other financial liabilities                                  1,470                                 4,091                                               55  Contract liabilities                                 22,535                                21,153                                             286  Current tax liabilities                                 17,324                                18,088                                             243  Other current liabilities                                 24,552                                27,450                                             369  Provisions                                     676                                    679                                                9  Total current liabilities                               230,040                              230,536                                          3,103  TOTAL LIABILITIES                               276,841                              340,672                                          4,584                  TOTAL EQUITY AND LIABILITIES                               831,434                              931,434                                         12,532  ^ Value is less than 1              

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