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)

 

8. Prepayments and other assets

Prepayment and other assets consist of the following:

 

     As at  
     March 31,
2018
     March 31,
2017
 

Current:

     

Service tax and other tax receivables

   $ 6,569      $ 8,029  

Deferred transition cost

     571        423  

Employee receivables

     1,099        1,215  

Advances to suppliers

     2,877        2,087  

Prepaid expenses

     7,994        8,819  

Restricted cash, held in escrow (Refer Note 4(c))

     1,535        1,611  

Other assets

     4,202        5,201  
  

 

 

    

 

 

 

Total

   $ 24,847      $ 27,385  
  

 

 

    

 

 

 

Non-current:

     

Deposits

   $ 8,708      $ 7,569  

Income tax assets

     12,595        10,202  

Service tax and other tax receivables

     11,410        6,236  

Deferred transition cost

     2,467        365  

Restricted cash, held in escrow (Refer Note 4(c))

     1,535        3,222  

Others assets

     5,673        4,350  
  

 

 

    

 

 

 

Total

   $ 42,388      $ 31,944  
  

 

 

    

 

 

 

9. Goodwill

A suumary of the carrying value of goodwill is as follows:

 

     As at  
     March 31,      March 31,  
     2018      2017  

Gross carrying amount

   $ 159,500      $ 155,681  

Accumulated impairment of goodwill

     (24,314      (21,673
  

 

 

    

 

 

 

Total

   $ 135,186      $ 134,008  
  

 

 

    

 

 

 

The movement in goodwill balance by reportable segment as at March 31, 2018 and 2017 is as follows:

Gross carrying amount

 

     WNS      WNS Auto         
     Global BPM      Claims BPM      Total  

Balance as at April 1, 2016

   $ 46,503      $ 29,739      $ 76,242  

Goodwill initially arising on acquisitions

     82,127        —          82,127  

Foreign currency translation

     1,248        (3,936      (2,688
  

 

 

    

 

 

    

 

 

 

Balance as at March 31, 2017

   $ 129,878      $ 25,803      $ 155,681  
  

 

 

    

 

 

    

 

 

 

Goodwill arising on acquisitions

     (92      —          (92

Foreign currency translation

     767        3,144        3,911  
  

 

 

    

 

 

    

 

 

 

Balance as at March 31, 2018

   $ 130,553      $ 28,947      $ 159,500  
  

 

 

    

 

 

    

 

 

 

 

F-33