FINANCIAL STATEMENTS


CONSOLIDATED STATEMENTS AND OTHER FINANCIAL INFORMATION

Report of Independent Registered Public Accounting Firm

The Board of Directors and Equity holders
Wipro Limited:

We have audited the accompanying consolidated statements of financial position of Wipro Limited and subsidiaries ("the Company") as of March 31, 2013 and 2012, and the related consolidated statements of income, comprehensive income, changes in equity and cash flows for each of the years in the three year period ended March 31, 2013. These consolidated financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these consolidated financial statements based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of the Company as of March 31, 2013 and 2012, and the results of their operations and their cash flows for each of the years in the three year period ended March 31, 2013, in conformity with International Financial Reporting Standards as issued by International Accounting Standards Board.

We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), Wipro Limited's internal control over financial reporting as of March 31, 2013, based on criteria established in Internal Control - Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO), and our report dated
June 12, 2013 expressed an unqualified opinion on the effectiveness of the Company's internal control over financial reporting.

KPMG
Bangalore, India
June 12, 2013

WIPRO LIMITED AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

(Rs. in millions, except share and per share data, unless otherwise stated)

As at March 31,
Notes 2012 2013 2013
Convenience
Translation
into US$ in
millions
(Unaudited)
Refer note 2(iv)
ASSETS
Goodwill 6 67,937 54,756 1,004
Intangible assets 6 4,229 1,714 31
Property, plant and equipment 5 58,988 50,525 927
Investment in equity accounted investees 17 3,232 - -
Derivative assets 16 3,462 51 1
Deferred tax assets 19 2,597 4,235 78
Non-current tax assets 10,287 10,308 189
Other non-current assets 12 11,781 10,738 197
Total non-current assets 162,513 132,327 2,427
Inventories 10 10,662 3,263 60
Trade receivables 9 80,328 76,635 1,406
Other current assets 12 25,743 31,069 570
Unbilled revenues 30,025 31,988 587
Available for sale investments 8 41,961 69,171 1,269
Current tax assets 5,635 7,408 136
Derivative assets 16 1,468 3,031 56
Cash and cash equivalents 11 77,666 84,838 1,556
Total current assets 273,488 307,403 5,638
TOTAL ASSETS 436,001 439,730 8,065
EQUITY
Share capital 4,917 4,926 90
Share premium 30,457 11,760 216
Retained earnings 241,912 259,178 4,754
Share based payment reserve 1,976 1,316 24
Other components of equity 6,594 7,174 132
Shares held by controlled trust (542) (542) (10)
Equity attributable to the equity holders of the Company 285,314 283,812 5,206
Non-controlling interest 849 1,171 21
Total equity 286,163 284,983 5,227
LIABILITIES
Loans and borrowings 13 22,510 854 16
Derivative liabilities 16 307 118 2
Deferred tax liabilities 19 353 846 16
Non-current tax liabilities 5,403 4,790 88
Other non-current liabilities 15 3,519 3,390 62
Provisions 15 61 9 -
Total non-current liabilities 32,153 10,007 184
Loans and borrowings and bank overdraft 13 36,448 62,962 1,155
Trade payables and accrued expenses 14 47,258 48,067 882
Unearned revenues 9,569 10,347 190
Current tax liabilities 7,232 10,226 188
Derivative liabilities 16 6,354 975 18
Other current liabilities 15 9,703 10,989 202
Provisions 15 1,121 1,174 22
Total current liabilities Rs. 117,685 144,740 2,655
TOTAL LIABILITIES 149,838 154,747 2,838
TOTAL EQUITY AND LIABILITIES 436,001 439,730 8,065

The accompanying notes form an integral part of these consolidated financial statements.