XML 32 R20.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Loans and borrowings | 12 Months Ended
--- | ---
Mar. 31, 2018
Text block1 [abstract] |
Loans and borrowings | 12. Loans and borrowings Short-term loans and borrowings The Company had short-term borrowings including bank overdrafts amounting to ₹116,742 and ₹79,598 as at March 31, 2017 and 2018 respectively. The principal source of Short-term borrowings from banks as of March 31, 2018 primarily consists of lines of credit of approximately ₹10,000 million, U.S. Dollar (U.S.$) 1,748 million, Canadian Dollar (CAD) 57 million, EURO 19 million, United Kingdom Pound sterling (GBP) 43 million, Indonesian Rupiah (IDR) 13,000 million and Saudi Riyal (SAR) 43 million from bankers for working capital requirements and other short term needs. As of March 31, 2018, the Company has unutilized lines of credit aggregating U.S.$ 711 million, EURO 2 million, GBP 42 million, CAD 27 million, ₹1,003 million, IDR 13,000 million and SAR 39 million. To utilize these unused lines of credit, the Company requires consent of the lender and compliance with certain financial covenants. Significant portion of these lines of credit are revolving credit facilities and floating rate foreign currency loans, renewable on a periodic basis. Significant portion of these facilities bear floating rates of interest, referenced to LIBOR and a spread, determined based on market conditions. The Company has non-fund based revolving credit facilities in various currencies equivalent to ₹51,739 and ₹44,022 as of March 31, 2017 and 2018, respectively, towards operational requirements that can be used for the issuance of letters of credit and bank guarantees. As of March 31, 2017 and 2018, an amount of ₹29,716, and ₹22,476 respectively, was unutilized out of these non-fund based facilities. Long-term loans and borrowings
|  | As at March 31, 2017 |  |  | As at March 31, 2018
Currency |  | Foreign currency in millions |  |  | Indian Rupee |  |  | Foreign currency in millions |  |  | Indian Rupee |  |  | Interest rate |  | Final maturity
Unsecured external commercial borrowing |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Dollar |  |  | 150 |  |  |  | 9,728 |  |  |  | 150 |  |  |  | 9,777 |  |  | 1.94% |  | June 2018
Unsecured loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
USD |  |  | 2 |  |  |  | 118 |  |  |  | 625 |  |  |  | 40,715 |  |  | 1.90% - 3.81% |  | June 2021
Canadian Dollar (CAD) |  |  | 85 |  |  |  | 4,131 |  |  |  | 72 |  |  |  | 3,660 |  |  | 1.20% - 3.26% |  | July 2021
Indian Rupee |  |  | NA |  |  |  | 714 |  |  |  | NA |  |  |  | 366 |  |  | 8.30% - 9.40% |  | December 2021
Australian Dollar (AUD) |  |  | 2 |  |  |  | 116 |  |  |  | 2 |  |  |  | 92 |  |  | 4.65% |  | January 2022
Great British Pound (GBP) |  |  | 1 |  |  |  | 73 |  |  |  | ^ |  |  |  | 42 |  |  | 2.93% |  | February 2022
Euro |  |  | 19 |  |  |  | 1,282 |  |  |  | ^ |  |  |  | 24 |  |  | 2.98% |  | December 2020
Brazilian Real (BRL) |  |  | — |  |  |  | — |  |  |  | 1 |  |  |  | 12 |  |  | 14.04% |  | May 2019
Saudi Arabian Riyal (SAR) |  |  | 71 |  |  |  | 1,229 |  |  |  | — |  |  |  | — |  |  |  |  |
|  |  |  |  |  | ₹ | 17,391 |  |  |  |  |  |  | ₹ | 54,688 |  |  |  |  |
Obligations under finance leases |  |  |  | 8,280 |  |  |  |  |  |  |  | 5,442 |  |  |  |  |
Liabilities directly associated with assets held for sale |  |  |  | — |  |  |  |  |  |  |  | (1,469 | ) |  |  |  |
|  |  |  |  |  |  | 8,280 |  |  |  |  |  |  |  | 3,973 |  |  |  |  |
|  |  |  |  |  | ₹ | 25,671 |  |  |  |  |  |  | ₹ | 58,661 |  |  |  |  |
Non-current portion of long-term loans and borrowings |  |  |  | 19,611 |  |  |  |  |  |  |  | 45,268 |  |  |  |  |
Current portion of long-term loans and borrowings |  |  |  | 6,060 |  |  |  |  |  |  |  | 13,393 |  |  |  |  |
^ Value is less than ₹1. |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Changes in financing liabilities arising from cash and non-cash changes:
|  |  |  |  |  |  |  | Non-cash changes |  |  |  |  |  |  |
|  | April 1, 2017 |  |  | Cash flow |  |  | Assets taken on financial lease |  |  | Foreign exchange movements |  |  | Less: Liabilities directly associated with assets held for sale |  |  | March 31, 2018 |
Borrowings from banks |  |  | 120,911 |  |  |  | (6,661 | ) |  |  | — |  |  |  | 5,439 |  |  |  | — |  |  |  | 119,689 |
Bank overdrafts |  |  | 1,992 |  |  |  | 2,007 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,999 |
External commercial borrowings |  |  | 9,728 |  |  |  | — |  |  |  | — |  |  |  | 49 |  |  |  | — |  |  |  | 9,777 |
Obligations under finance leases |  |  | 8,280 |  |  |  | (3,627 | ) |  |  | 766 |  |  |  | 23 |  |  |  | (1,469 | ) |  |  | 3,973 |
Loans from other than bank |  |  | 1,501 |  |  |  | (695 | ) |  |  | — |  |  |  | 15 |  |  |  | — |  |  |  | 821 |
|  | ₹ | 142,412 |  |  |  | ₹(8,976) |  |  | ₹ | 766 |  |  | ₹ | 5,526 |  |  |  | ₹(1,469) |  |  | ₹ | 138,259 |
The contracts governing the Company’s unsecured external commercial borrowing contain certain covenants that limit future borrowings. The terms of the other secured and unsecured loans and borrowings also contain certain restrictive covenants primarily requiring the Company to maintain certain financial ratios. As at March 31, 2017 and 2018 the Company has met all the covenants under these arrangements. Obligations under finance leases amounting to ₹ 8,280 and ₹ 5,442 as at March 31, 2017 and 2018, respectively, are secured by underlying property, plant and equipment. Interest expense was ₹ 1,916 and ₹ 3,045 for the year ended March 31, 2017 and 2018, respectively. Finance lease payables consist of liabilities that are taken on lease for a contract term ranging from 1 to 5 years, with lease payments due in monthly or quarterly installments. Details of finance lease payables are given below:
|  | Minimum lease payments |  |  | Present value of minimum lease payment |
|  | As at March 31, |
|  | 2017 |  |  | 2018 |  |  | 2017 |  |  | 2018 |
Not later than one year |  | ₹ | 3,876 |  |  | ₹ | 3,838 |  |  | ₹ | 3,623 |  |  | ₹ | 3,720 |
Later than one year but not later than five years |  |  | 4841 |  |  |  | 1,784 |  |  |  | 4,657 |  |  |  | 1,722 |
Later than five years |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total minimum lease payments |  |  | 8,717 |  |  |  | 5,622 |  |  |  | 8,280 |  |  |  | 5,442 |
Less: Amounts representing interest |  |  | (437 | ) |  |  | (180 | ) |  |  | — |  |  |  | — |
Present value of minimum lease payment payables |  | ₹ | 8,280 |  |  | ₹ | 5,442 |  |  | ₹ | 8,280 |  |  | ₹ | 5,442 |
Liabilities directly associated with assets held for sale |  |  | — |  |  |  | (1,469 | ) |  |  | — |  |  |  | (1,469 | )
Obligation under finance lease |  | ₹ | 8,280 |  |  | ₹ | 3,973 |  |  | ₹ | 8,280 |  |  | ₹ | 3,973 |
Non-current finance lease payables |  |  |  |  |  |  |  |  |  |  | 4,657 |  |  |  | 1,722 |
Current finance lease payables |  |  |  |  |  |  |  |  |  |  | 3,623 |  |  |  | 2,251 |

X
- Definition The disclosure of borrowings. [Refer: Borrowings] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2017-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=1&date=2017-03-01&anchor=para_10_e&doctype=Standard -URIDate 2017-03-09 + Details
Name: | ifrs-full_DisclosureOfBorrowingsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Text block1 [abstract] + References No definition available. + Details
Name: | wit_TextBlock1Abstract
Namespace Prefix: | wit_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration