XML 65 R38.htm IDEA: XBRL DOCUMENT
v3.20.1

Employee benefits | 12 Months Ended
--- | ---
Mar. 31, 2020
Text block [abstract] |
Employee benefits | 31. Employee benefits a) Employee costs includes
|  | Year ended March 31, |
|  | 2018 |  |  | 2019 |  |  | 2020 |
Salaries and bonus |  | ₹ | 261,981 |  |  | ₹ | 289,005 |  |  | ₹ | 315,036 |
Employee benefits plans |  |  |  |  |  |  |  |  |  |  |  |
Gratuity and other defined benefit plans |  |  | 1,532 |  |  |  | 1,459 |  |  |  | 1,845 |
Defined contribution plans |  |  | 7,363 |  |  |  | 7,372 |  |  |  | 8,428 |
Share based compensation |  |  | 1,347 |  |  |  | 1,938 |  |  |  | 1,262 |
|  | ₹ | 272,223 |  |  | ₹ | 299,774 |  |  | ₹ | 326,571 |
The employee benefit cost is recognized in the following line items in the consolidated statement of income:
|  | Year ended March 31, |
|  | 2018 |  |  | 2019 |  |  | 2020 |
Cost of revenues |  | ₹ | 228,937 |  |  | ₹ | 251,818 |  |  | ₹ | 279,356 |
Selling and marketing expenses |  |  | 28,070 |  |  |  | 30,972 |  |  |  | 30,763 |
General and administrative expenses |  |  | 15,216 |  |  |  | 16,984 |  |  |  | 16,452 |
|  | ₹ | 272,223 |  |  | ₹ | 299,774 |  |  | ₹ | 326,571 |
Defined benefit plan actuarial (gains)/ losses recognized in other comprehensive income include:
|  | Year ended March 31, |
|  | 2018 |  |  | 2019 |  |  | 2020 |
Re-measurement of net defined benefit liability/(asset) |  |  |  |  |  |  |  |  |  |  |  |
Return on plan assets excluding interest income - Loss/(Gain) |  | ₹ | (18 | ) |  | ₹ | (49 | ) |  | ₹ | 76 |
Actuarial loss/ (gain) arising from financial assumptions |  |  | (296 | ) |  |  | 73 |  |  |  | 749 |
Actuarial loss/ (gain) arising from demographic assumptions |  |  | (54 | ) |  |  | (40 | ) |  |  | 227 |
Actuarial loss/ (gain) arising from experience adjustments |  |  | (454 | ) |  |  | (266 | ) |  |  | 194 |
|  | ₹ | (822 | ) |  | ₹ | (282 | ) |  | ₹ | 1,246 |
b) Defined benefit plans Defined benefit plans include gratuity for employees drawing salary in Indian rupees and certain benefits plans in foreign jurisdictions. Amount recognized in the consolidated statement of income in respect of defined benefit plans is as follows:
|  | Year ended March 31, |
|  | 2018 |  |  | 2019 |  |  | 2020 |
Current service cost |  | ₹ | 1,525 |  |  | ₹ | 1,434 |  |  | ₹ | 1,782 |
Net interest on net defined benefit liability/(asset) |  |  | 7 |  |  |  | 25 |  |  |  | 63 |
Net gratuity cost/(benefit) |  |  | 1,532 |  |  |  | 1,459 |  |  |  | 1,845 |
Actual return on plan assets |  | ₹ | 501 |  |  | ₹ | 607 |  |  | ₹ | 513 |
Change in present value of defined benefit obligation is summarized below:
|  | As at March 31, |
|  | 2019 |  |  | 2020 |
Defined benefit obligation at the beginning of the year |  | ₹ | 8,654 |  |  | ₹ | 10,485 |
Acquisitions |  |  | 1,094 |  |  |  | 229 |
Current service cost |  |  | 1,434 |  |  |  | 1,782 |
Interest on obligation |  |  | 583 |  |  |  | 652 |
Benefits paid |  |  | (1,047 | ) |  |  | (1,123 | )
Remeasurement loss/(gains) |  |  |  |  |  |  |  |
Actuarial loss arising from financial assumptions |  |  | 73 |  |  |  | 749 |
Actuarial loss/(gain) arising from demographic assumptions |  |  | (40 | ) |  |  | 227 |
Actuarial loss/(gain) arising from experience adjustments |  |  | (266 | ) |  |  | 194 |
Translation adjustment |  |  | — |  |  |  | 270 |
Defined benefit obligation at the end of the year |  | ₹ | 10,485 |  |  | ₹ | 13,465 |
Change in plan assets is summarized below:
|  | As at March 31, |
|  | 2019 |  |  | 2020 |
Fair value of plan assets at the beginning of the year |  | ₹ | 8,507 |  |  | ₹ | 9,443 |
Acquisitions |  |  | 109 |  |  |  | 58 |
Expected return on plan assets |  |  | 558 |  |  |  | 589 |
Employer contributions |  |  | 254 |  |  |  | 383 |
Benefits paid |  |  | (34 | ) |  |  | (95 | )
Remeasurement (loss)/gains |  |  |  |  |  |  |  |
Return on plan assets excluding interest income - (loss)/gain |  |  | 49 |  |  |  | (76 | )
Translation adjustment |  |  | — |  |  |  | 233 |
Fair value of plan assets at the end of the year |  | ₹ | 9,443 |  |  | ₹ | 10,535 |
Present value of unfunded obligation |  | ₹ | (1,042 | ) |  | ₹ | (2,930 | )
Recognized asset/(liability) |  | ₹ | (1,042 | ) |  | ₹ | (2,930 | )
As at March 31, 2019 and 2020, plan assets were primarily invested in insurer managed funds. The Company has established an income tax approved irrevocable trust fund to which it regularly contributes to finance the liabilities of the gratuity plan. The fund’s investments are managed by certain insurance companies as per the mandate provided to them by the trustees and the asset allocation is within the permissible limits prescribed in the insurance regulations.
The principal assumptions used for the purpose of actuarial valuation of these defined benefit plans are as follows:
|  | As at March 31, |
|  | 2019 |  |  | 2020 |
Discount rate |  |  | 6.05 | % |  |  | 5.05 | %
Expected return on plan assets |  |  | 6.05 | % |  |  | 5.05 | %
Expected rate of salary increase |  |  | 6.80 | % |  |  | 6.60 | %
Duration of defined benefit obligations |  |  | 8 years |  |  |  | 9 years |
The expected return on plan assets is based on expectation of the average long-term rate of return expected on investments of the fund during the estimated term of the obligations. The discount rate is primarily based on the prevailing market yields of government securities for the estimated term of the obligations. The estimates of future salary increase considered takes into account the inflation, seniority, promotion and other relevant factors. Attrition rate considered is the management’s estimate, based on previous years’ employee turnover of the Company. The expected future contribution and estimated future benefit payments from the fund are as follows:
Expected contribution to the fund during the year ending March 31, 2021 |  | ₹ | 3,035 |
Estimated benefit payments from the fund for the year ending March 31: |  |  |  |
2021 |  | ₹ | 1,740 |
2022 |  |  | 1,343 |
2023 |  |  | 1,295 |
2024 |  |  | 1,261 |
2025 |  |  | 1,226 |
Thereafter |  |  | 13,819 |
Total |  | ₹ | 20,684 |
The expected benefits are based on the same assumptions used to measure the Company’s benefit obligations as at March 31, 2020. Sensitivity for significant actuarial assumptions is computed to show the movement in defined benefit obligation by 0.5 percentage. As at March 31, 2020, every 0.5 percentage point increase/(decrease) in discount rate will result in (decrease)/increase of defined benefit obligation by approximately ₹ (626) and ₹ 584 respectively (March 31, 2019: ₹ (405) and ₹ 435 respectively). As at March 31, 2020, every 0.5 percentage point increase/(decrease) in expected rate of salary will result in increase/(decrease) of defined benefit obligation by approximately ₹ 353 and ₹ (329) respectively (March 31, 2019: ₹ 245 and ₹ (229) respectively). c) Provident fund: The details of fund and plan assets are given below:
|  | As at March 31, |
|  | 2019 |  |  | 2020 |
Fair value of plan assets |  | ₹ | 53,015 |  |  | ₹ | 61,397 |
Present value of defined benefit obligation |  |  | (53,015 | ) |  |  | (61,397 | )
Net (shortfall)/ excess |  | ₹ | — |  |  | ₹ | — |
The plan assets have been primarily invested in government securities and corporate bonds. The principal assumptions used in determining the present value obligation of interest guarantee under the deterministic approach are as follows:
|  | As at March 31, |
|  | 2019 |  |  | 2020 |
Discount rate for the term of the obligation |  |  | 7.00 | % |  |  | 6.05 | %
Average remaining tenure of investment portfolio |  |  | 8 years |  |  |  | 7 years |
Guaranteed rate of return |  |  | 8.65 | % |  |  | 8.50 | %

X
- Definition The entire disclosure for employee benefits. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 19 -IssueDate 2019-01-01 -Section Scope -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=19&code=ifrs-tx-2019-en-r&doctype=Standard&dita_xref=IAS19_g2-7_TI -URIDate 2019-03-27 + Details
Name: | ifrs-full_DisclosureOfEmployeeBenefitsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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