ACCOUNTS CIA

COMPARITIVE ANALYSIS OF THE FINANCIAL STATEMENTS ( BALANCE

SHEET AND PROFIT AND LOSS ACCOUNT ) OF WIPRO LTD.

SUBMITTED BY :
RISHIKESH DHIR (1923649)
PARKHI GUPTA (1923643)
 ABOUT WIPRO LTD.
Wipro is an Indian multinational corporation that provides information
technology, consulting and business process services. It is
headquartered in Bangalore, Karnataka, India.
In 2013, Wipro separated its non-IT businesses and formed the privately
owned Wipro Enterprises. But this report talks about Wipro ltd , not
Wipro Enterprises.
The company was incorporated on 29 December 1945
in Amalner, Maharashtra by Mohamed Premji as "Western India Palm
Refined Oil Limited", later abbreviated to "Wipro". 
In 1966, after Mohamed Premji's death, his son Azim Premji returned
from Stanford University and took over Wipro as its chairman at the age
of 21.
During the 1970s and 1980s, the company shifted its focus to new
opportunities in the IT and computing industry, which was at a nascent
stage in India at the time. On 7 June 1977, the name of the company
changed from Western India Vegetable Products Limited, to Wipro
Products Limited. In 1982, the name was changed again, from Wipro
Products Limited to Wipro Limited.

Wipro Ltd. key Products/Revenue Segments include Software Services

which contributed Rs 46852.90 Crore to Sales Value (97.35 % of Total
Sales), Networking, Storage equipment, Servers, Software Licenses
which contributed Rs 1176.90 Crore to Sales Value (2.44 % of Total
Sales) and Other Operating Revenue which contributed Rs 94.00 Crore
to Sales Value (0.19 % of Total Sales) for the year ending 31-Mar-2019.
For the quarter ended 31-12-2019, the company has reported a
consolidated sale of Rs 15470.50 Crore, up 2.28 % from last quarter
Sales of Rs 15125.60 Crore and up 2.73 % from last year same quarter
Sales of Rs 15059.50 Crore Company has reported net profit after tax of
Rs 2459.60 Crore in latest quarter.
The company’s top management includes Dr.Patrick J Ennis, Mr.Abidali
Z Neemuchwala, Mr.Azim H Premji, Mr.Ireena Vittal, Mr.M K Sharma,
Mr.Patrick Dupuis, Mr.Rishad Premji, Mr.William Arthur Owens, and
Ms.Arundhati Bhattacharya. Company has Deloitte Haskins & Sells LLP
as its auditors As on 31-12-2019, the company has a total of
5,713,022,469 shares outstanding.
 WIPRO LTD .

COMPARATIVE STAND-ALONE PROFIT AND LOSS STATEMENT

Mar 19 Mar-18 Absolute %

Change Change
Particulars

INCOME        

Revenue From Operations 48,029.80 44,710.00 3,319.80 7.43

[Gross]

Less: Excise/Sevice Tax/Other 0 0 0.00  

Levies

Revenue From Operations 48,029.80 44,710.00 3,319.80 7.43

[Net]

Other Operating Revenues 94 0 94.00  

Total Operating Revenues 48,123.80 44,710.00 3,413.80 7.64

Other Income 2,568.60 2,479.60 89.00 3.59

Total Revenue 50,692.40 47,189.60 3,502.80 7.42

EXPENSES     0.00  

Cost Of Materials Consumed 0 0 0.00  

Purchase Of Stock-In Trade 1,142.00 1,469.60 -327.60 -22.29

Operating And Direct Expenses 12,505.10 0 12,505.10  

Changes In Inventories Of -55.3 57.7 -113.00 -195.84

FG,WIP And Stock-In Trade

Employee Benefit Expenses 23,808.50 21,756.20 2,052.30 9.43

Finance Costs 524.9 384.3 140.60 36.59

Depreciation And Amortisation 934.3 1,014.80 -80.50 -7.93

Expenses

Other Expenses 1,962.40 12,472.70 -10,510.30 -84.27

Total Expenses 40,821.90 37,155.30 3,666.60 9.87

9,870.50 10,034.30 -163.80 -1.63

Profit/Loss Before
Exceptional, ExtraOrdinary
Items And Tax

Profit/Loss Before Tax 9,870.50 10,034.30 -163.80 -1.63

Tax Expenses-Continued     0.00  
Operations

Current Tax 2,272.50 2,434.50 -162.00 -6.65

Deferred Tax -16 -123 107.00 -86.99

Total Tax Expenses 2,256.50 2,311.50 -55.00 -2.38

Profit/Loss After Tax And 7,614.00 7,722.80 -108.80 -1.41

Before ExtraOrdinary Items

Profit/Loss From Continuing 7,614.00 7,722.80 -108.80 -1.41

Operations

Profit/Loss For The Period 7,614.00 7,722.80 -108.80 -1.41

 WIPRO LTD .

COMPARATIVE STAND-ALONE BALANCE SHEET STATEMENT

Particulars Mar 19 Mar-18 Absolute % Change

change

EQUITIES AND LIABILITIES        

SHAREHOLDER'S FUNDS        

Equity Share Capital 1,206.80 904.8 302.00 33.377542

Total Share Capital 1,206.80 904.8 302.00 33.377542

Reserves and Surplus 48,185.2 41,357.80 6,827.40 16.50813148

0

Total Reserves and Surplus 48,185.2 41,357.80 6,827.40 16.50813148

0

Total Shareholders Funds 49,392.0 42,262.60 7,129.40 16.86928869

0

NON-CURRENT LIABILITIES        

Long Term Borrowings 22 72.4 -50.40 -69.61325967

Deferred Tax Liabilities [Net] 10.4 46.3 -35.90 -77.53779698

Other Long Term Liabilities 1,309.50 1,085.30 224.20 20.65788261

Long Term Provisions 119.6 168.8 -49.20 -29.14691943

Total Non-Current Liabilities 1,461.50 1,372.80 88.70 6.461247086

CURRENT LIABILITIES        

Short Term Borrowings 5,052.20 4,647.70 404.50 8.703229554

Trade Payables 4,765.50 4,176.20 589.30 14.11091423

Other Current Liabilities 5,397.90 5,418.60 -20.70 -0.382017495

Short Term Provisions 929 793.4 135.60 17.09100076

Total Current Liabilities 16,144.6 15,035.90 1,108.70 7.373685646

0

Total Capital And Liabilities 66,998.1 58,671.30 8,326.80 14.19228822

 0

ASSETS        

NON-CURRENT ASSETS        

Tangible Assets 3,874.20 3,802.60 71.60 1.882922211

Intangible Assets 526.8 564.4 -37.60 -6.661941885

Capital Work-In-Progress 2,112.70 1,290.60 822.10 63.6990547

Fixed Assets 6,513.70 5,657.60 856.10 15.13185803

Non-Current Investments 8,250.30 5,841.60 2,408.70 41.23356615

Deferred Tax Assets [Net] 391 452 -61.00 -13.49557522

Long Term Loans And Advances        

Other Non-Current Assets 4,112.70 3,752.80 359.90 9.590172671

Total Non-Current Assets 19,267.7 15,704.00 3,563.70 22.69294447

0

CURRENT ASSETS     0.00  

Current Investments 21,998.8 24,841.20 -2,842.40 -11.44228137

0

Inventories 340.3 294.3 46.00 15.63030921

Trade Receivables 10,648.6 9,502.00 1,146.60 12.06693328

0

Cash And Cash Equivalents 10,390.2 2,322.00 8,068.20 347.4677003

0

Short Term Loans And Advances        

Other Current Assets 4,352.50 6,007.80 -1,655.30 -27.55251506

Total Current Assets 47,730.4 42,922.20 4,808.20 11.2021285

0

Total Assets 66,998.1 58,671.30 8,326.80 14.19228822

0

OTHER ADDITIONAL INFORMATION        

CONTINGENT LIABILITIES,        
COMMITMENTS

Non-Current Investments Unquoted 8,250.30 5,841.60 2,408.70 41.23356615

Book Value
Current Investments Unquoted Book 7,797.00 9,552.10 -1,755.10 -18.37397012
Value
 ANALYSIS AND
INTERPRETATION
1. ANALYSIS OF LONG TERM FINANCIAL POSITION:

 Equity share capital during the year ending 2018 is 904.8 and during year
2019 is 1206.8 indicating an absolute increase of 302 that is
approximately 33.378%. Company during the year 2018 had 1,372.8
worth of non-current liabilities and during the year 2019 it had 1,461.50
worth of non-current liabilities hence showing an absolute increase of
88.70 that is approximately 6.46%. Though there is an overall increase in
the non-current liabilities of the firm but a reduction in the long term
borrowings and long term provision is also seen.

 A minor increase is seen in the tangible assets of 1.89% and a minor

decrease is seen in the intangible asset of 6.67%. Capital work in
progress during the year 2018 was 1290.60 and during the year 2019
was 2112.70 resulting in an absolute increase of 822.10 that is 63.7%.
There has been a 15.1% increase in the fixed assets of the firm. Non-
current assets showed an absolute increase of 2408.7 that is 41.23%.
Total non-current assets showed an absolute increase of 22.69%.

 The analysis clearly states that the firm has financed its long term assets
through its shares and other long term liabilities. It has not used its
entire non-current liabilities to finance its non-current assets as there
has been a decrease in the long term borrowings of the firm.

 Hence we conclude that the company has raised enough funds by issuing
shares and through other long term liabilities. Though a decrease is seen
 in the long term borrowings and long term provisions of the firm but an
overall increase is seen in the total non-current liabilities of the firm. The
company also purchased 2408 worth of investments.

2. ANALYSIS OF SHORT TERM FINANCIAL POSITION :

 Short term borrowings for the year 2018 were Rs.4,647.70 Crores but in
the year 2019 they were Rs. 5052 Crores showing an absolute increase
of Rs.404.50 Crores. Trade payables in the year 2018 were Rs.4,176.20
Crores but in the year 2019 were Rs. 5052.20 Crores showing an
absolute increase of Rs. 404.50 Crores.

 Rs.1,146.60 crores increase in Trade receivables was realised during the

year 2018-19.

 There were more Debtors than creditors in the financial year 2018-19
 Cash balance shows an absolute increase of Rs.8068.20 crores. This
implies that cash inflow during the financial year 2018-19 was more than
the cash outflow.
 From this, it is evident that company has used the payments made by
the debtors and have borrowed some amount from the creditors to
meet their working capital requirements. It is not wrong to say that a
part of the investments have also been used up for the same.

3. ANALYSIS OF PROFITABILITY POSITION :

 The profitability position of the firm is judged on the basis of the

company’s reserves and surplus. Reserves and surplus during the year
 2018 was RS. 41357 Crores and during the year 2019 was Rs. 48185
Crores, resulting in overall absolute increase of Rs.6827 Crores that is
16.51%.

4. ANALYSIS OF OVERALL FINANCIAL POSITION :

 The company has been successful in meeting its long term requirements
as it is evident that the long term borrowings have decreased
substantially by 69.12% but it has to take care of its short term
requirements although for the above financial year they have
successfully managed to meet their short term requirements.
 ATTENDANCE
DATES RISHIKESH PARKHI