Company: WIT
Filing Date: 2025-05-22
Form Type: 20-F
Source: 0000950170-25-076303
Chunk: 187

Company: WIPRO LTD
Filing Date: 2025-05-22
Form: 20-F
Item: Item 18
Chunk 187
---
 remaining performance obligations, and (2) access and application controls pertaining to time recording and allocation systems, which prevents unauthorized changes to recording of efforts incurred. 
•We selected a sample of fixed-price contracts with customers accounted using percentage-of-completion method and performed the following: 
•Read the contract and based on the terms and conditions evaluated whether recognizing revenue over time using percentage-of-completion method was appropriate, and the contract was included in management’s calculation of revenue over time. 
•Evaluated the appropriateness of and consistency in the application of management’s policies and methodologies to estimate progress towards satisfying the performance obligation. 
•Compared efforts incurred to date with Company’s estimate of efforts incurred to date to identify significant variations and evaluate whether those variations have been considered appropriately in estimating the remaining efforts to complete the contract. 
•Tested the estimate for consistency with the status of delivery of milestones, customer acceptances and other related information to identify possible delays in achieving milestones, which require changes in estimated efforts to complete the remaining performance obligations.

/s/ Deloitte Haskins &amp; Sells LLP
Bengaluru, India                    
May 22, 2025                        

We have served as the Company’s auditor since fiscal 2018.

 --

WIPRO LIMITED AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
(₹ in millions, except share and per share data, unless otherwise stated)

                                                                                                                                                                                               As at March 31,
                                                           Notes   2024                    2025                    2025                                                                                       
                                                                                                                         Convenience translation into U.S. Dollar in millions (unaudited) Refer to Note 2(iii)
ASSETS                                                                                                                                                                                                        
Goodwill                                                       6             316,002                 325,014                                                                                             3,804
Intangible assets                                              6              32,748                  27,450                                                                                               321
Property, plant and equipment                                  4              81,608                  80,684                                                                                               944
Right-of-Use assets                                            5              17,955                  25,598                                                                                               300
Financial assets                                                                                                                                                                                              
Derivative assets                                             19                  25                       ^                                                                                                 ^
Investments                                                    8              21,629                  26,458                                                                                               310
Trade receivables                                              9               4,045                     299                                                                                                 3
Other financial assets                                        12               5,550                   4,664