SEC Filings

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


Table of Contents

Amortization of Intangible Assets

The following table sets forth our amortization of intangible assets for the periods indicated:

 

     Year ended March 31,         
     2017      2016      Change  
     (US dollars in millions)  

Amortization of intangible assets

   $ 20.5      $ 25.2      $ (4.7

The decrease in amortization of intangible assets was primarily attributable to the completion of amortization in November 2016 of intangible assets associated with our acquisition of Aviva Global made in July 2008, partially offset by the amortization of intangible assets arising out of our acquisitions of Value Edge, Denali and HealthHelp in fiscal 2017, and depreciation of the Indian rupee and South African rand against the US dollar by an average of 2.6% and 2.3%, respectively, in fiscal 2017, as compared to the respective average exchange rates in fiscal 2016.

Operating Profit

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

 

     Year ended March 31,        
     2017     2016     Change  
     (US dollars in millions)  

Operating profit

   $ 47.2     $ 72.8     $ (25.7

As a percentage of revenue

     7.8     13.0  

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

     8.2     13.7  

Operating profit as a percentage of revenue and revenue less repair payments (non-GAAP) is lower due to higher cost of revenue, impairment of goodwill accounted in fiscal 2017 and higher general and administrative expenses, partially offset by higher revenue, lower selling and marketing expenses, higher foreign exchanges gains and lower amortization expenses.

 

121