SEC Filings

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


Table of Contents

WNS (HOLDINGS) LIMITED

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Amounts in thousands, except share and per share data)

 

11. Property and equipment

The changes in the carrying value of property and equipment for the year ended March 31, 2017 are as follows:

 

Gross carrying value

   Buildings      Computers
and
software
    Furniture,
fixtures and
office
equipment
    Vehicles     Leasehold
improvements
    Total  

Balance as at April 1, 2016

   $ 10,150      $ 69,203     $ 60,860     $ 459     $ 52,589     $ 193,261  

Additions

     —          4,411       7,455       135       8,105       20,106  

On acquisition (Refer Note 4(a),(b),(c))

     —          1,014       1,895       14       1,820       4,743  

Disposals/retirements

     —          (3,407     (1,619     (33     (1,723     (6,782

Translation adjustments

     96        (1,350     286       12       201       (755
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance as at March 31, 2017

   $ 10,246      $ 69,871     $ 68,877     $ 587     $ 60,992     $ 210,573  
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Accumulated depreciation

             

Balance as at April 1, 2016

   $ 3,661      $ 58,768     $ 47,375     $ 347     $ 36,874     $ 147,025  

Depreciation

     505        5,742       5,126       92       5,438       16,903  

Disposals/retirements

     —          (3,327     (1,241     (20     (1,354     (5,942

Translation adjustments

     42        (1,372     171       10       222       (927
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance as at March 31, 2017

   $ 4,208      $ 59,811     $ 51,431     $ 429     $ 41,180     $ 157,059  
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Capital work-in-progress

                1,282  
             

 

 

 

Net carrying value as at March 31, 2017

              $ 54,796  
             

 

 

 

The changes in the carrying value of property and equipment for the year ended March 31, 2018 are as follows:

 

Gross carrying value

   Buildings     Computers
and
software
    Furniture,
fixtures and
office
equipment
    Vehicles     Leasehold
improvements
    Total  

Balance as at April 1, 2017

   $ 10,246     $ 69,871     $ 68,877     $ 587     $ 60,992     $ 210,573  

Additions

     —         4,597       9,389       93       9,756       23,835  

Disposals/retirements

     —         (3,350     (1,718     (29     (2,303     (7,400

Translation adjustments

     (23     1,965       839       5       721       3,507  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance as at March 31, 2018

   $ 10,223     $ 73,083     $ 77,387     $ 656     $ 69,166     $ 230,515  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Accumulated depreciation

            

Balance as at April 1, 2017

   $ 4,208     $ 59,811     $ 51,431     $ 429     $ 41,180     $ 157,059  

Depreciation

     514       6,442       6,623       97       6,278       19,954  

Disposals/retirements

     —         (3,345     (1,674     (30     (2,308     (7,357

Translation adjustments

     (12     1,822       512       1       296       2,619  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance as at March 31, 2018

   $ 4,710     $ 64,730     $ 56,892     $ 497     $ 45,446     $ 172,275  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Capital work-in-progress

               2,366  
            

 

 

 

Net carrying value as at March 31, 2018

             $ 60,606  
            

 

 

 

Certain property and equipment are pledged as collateral against borrowings with a carrying amount of $107 and $170 as at March 31, 2018 and 2017, respectively.

 

F-38