Consolidating financial statements foreign currency
Percentage of completion method accounting relies on estimates of total expected contract revenue and costs.This method is followed when reasonably dependable estimates of the revenues and costs applicable to various elements of the contract can be made.The address of its registered office is Wipro Limited, Doddakannelli, Sarjapur Road, Bangalore – 560 035, Karnataka, India.Wipro has its primary listing with Bombay Stock Exchange and National Stock Exchange in India.
Wipro is a public limited company incorporated and domiciled in India.
For clarity, various items are aggregated in the statements of income and statements of financial position.
These items are disaggregated separately in the notes to the consolidated financial statements, where applicable.
All amounts included in the consolidated financial statements are reported in millions of Indian rupees ( in millions) except share and per share data, unless otherwise stated.
Due to rounding off, the numbers presented throughout the document may not add up precisely to the totals and percentages may not precisely reflect the absolute figures. The defined benefit asset/(liability) is recognised as the present value of defined benefit obligation less fair value of plan assets; and d. The accompanying consolidated financial statements have been prepared and reported in Indian rupees, the national currency of India.