SEC Filings

20-F
WNS (HOLDINGS) LTD filed this Form 20-F on 05/16/2018
Entire Document
 


Table of Contents

Other income, net

The following table sets forth our other income, net for the periods indicated:

 

     Year ended March 31,         
     2018      2017      Change  
     (US dollars in millions)  

Other income, net

   $ (11.2    $ (8.7    $ (2.5

Other income is higher in fiscal 2018 as compared with fiscal 2017 due to higher cash and cash equivalents and investments, partially offset by lower interest yield.

Finance Expense

The following table sets forth our finance expense for the periods indicated:

 

     Year ended March 31,         
     2018      2017      Change  
     (US dollars in millions)  

Finance expense

   $ 4.3      $ 0.5      $ 3.7  

Finance expense increased primarily on account of interest on long term loans obtained during the fourth quarter of fiscal 2017 to fund our acquisition of Denali and HealthHelp.

Provision for Income Taxes

The following table sets forth our provision for income taxes for the periods indicated:

 

     Year ended March 31,         
     2018      2017      Change  
     (US dollars in millions)  

Provision for income taxes

   $ 15.4      $ 17.5      $ (2.1

The decrease in provision for income taxes was primarily on account of a one-time tax benefit of $ 1.7 million arising from a corporate legal restructuring and a net one-time tax benefit of $ 5.2 million resulting from the adjustments to the deferred tax balances due to a reduction in US corporate tax rate and transition tax charge on undistributed income of a foreign subsidiary (pursuant to the 2017 US Tax Reforms), partially offset by higher taxable profits during the year.

Profit

The following table sets forth our profit for the periods indicated:

 

     Year ended March 31,        
     2018     2017     Change  
     (US dollars in millions)  

Profit

   $ 86.4     $ 37.8     $ 48.7  

As a percentage of revenue

     11.4     6.3  

As a percentage of revenue less repair payments (non-GAAP)

     11.7     6.5  

The increase in profit was primarily on account of higher operating profit, higher other income and a decrease in provision for income taxes partially offset by an increase in finance expense, as explained above.

 

116