Find three major differences on the Income Statement between the competitor firms using IFRS ( Wipro) and GAAP (genpact) Note if they are recognition, measurement or presentation

2020 Genpact Limited Shareholders 308,276 GENPACT LIMITED AND ITS SUBSIDIARIES Consolidated Statements of Comprehensive Income (Loss) (In thousands) 2018 2019 Genpact Limited Redeemable Non- Genpact Limited Shareholders controlling interest Shareholders Net income (loss) 282,019 (761) $ 304.881 Other comprehensive income: Currency translation adjustments (109.656) (424) (20,297) Net income (loss) on cash flow hedging derivatives, net of taxes (Note 7) (46,293) 2,343 Retirement benefits, net of taxes 1.454 (6.542) Other comprehensive income (loss) (154.495) (424) (24.496) Comprehensive income (loss) 127,524 (1,185) 280.385 See accompanying notes to the Consolidated Financial Statements. F-9 (7,871) (3.468) (2,045) (13,384) 294,892 WIPRO LIMITED AND SUBSIDIARIES CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (in millions, except share and per share data, unless otherwise stated) 2019 Year ended March 31. 2020 2021 2021 Convenience translation into US dollar in millions (unaudited) Refer to Note (1) 1.486 90,173 97,713 108,662 Profit for the year Other comprehensive income (OCI) Items that will not be reclassified to profit or loss in subsequent periods Remeasurements of the defined benefit plans, net Net change in fair value of investment in equity instruments measured at fair value through OCI 235 (1.050) 223 3 1,216 (464) (229) 724 (326) 17 20 1,439 3.238 (287) 8,447 (656) (9) Items that may be reclassified to profit or loss in subsequent periods Foreign currency translation differences Translation difference relating to foreign operations Net change in fair value of hedges of net investment in foreign operations Reclassification of foreign currency translation differences to profit and loss on sale of hosted data center services. Workday business and Cornerstone OnDemand business Net change in time value of option contracts designated as cash flow hedges Net change in intrinsic value of option contracts designated as cash flow hedges Net change in fair value of forward contracts designated as cash flow hedges Net change in fair value of investment in debt instruments measured at fair value through OCI Total other comprehensive income, net of taxes Total comprehensive income for the year Total comprehensive income attributable to: Equity holders of the Company Non-controlling interest (4,210) 463 811 1,255 (18) 1,252 1,023 91,196 (520) (1,558) (2,652) 1.222 4,939 4.613 102,326 52 938 3,035 1.851 5.240 6,679 115.341 1 13 41 25 71 91 1.577 90.945 251 91,196 101,673 653 102,326 114,678 663 115,341 1,568 9 1.577