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)

 

The following table gives details in respect of the percentage of revenue generated from the Company’s top customer and top five customers:

 

     Year Ended March 31,  
     2018     2017     2016  

Revenue from top customer

     6.8     9.0     10.9

Revenue from top five customers

     29.4     32.1     30.7

Financial assets that are neither past due nor impaired

Cash equivalents, bank deposits, marketable securities and investments in mutual funds, investment in FMPs, unbilled revenue and other assets, are neither past due nor impaired, except trade receivables as described below.

Financial assets that are past due but not impaired

There is no other class of financial assets that is past due but not impaired, except for trade receivables, which forms part of the class “Loans and receivables.” The Company’s credit period generally ranges from 30-60 days. The age-wise break up of trade receivables, net of allowances that are past due beyond credit period, are as follows:

 

     As at  
     March 31,
2018
     March 31,
2017
 

Neither past due nor impaired

   $ 56,372      $ 45,939  

Past due but not impaired

     

Past due 0-30 days

     9,578        8,260  

Past due 31-60 days

     2,738        2,544  

Past due 61-90 days

     834        1,174  

Past due over 90 days

     1,866        2,506  

Past due and impaired

     564        1,713  
  

 

 

    

 

 

 

Total

   $ 71,952      $ 62,136  

Allowances for doubtful trade receivables

   $ (564    $ (1,713
  

 

 

    

 

 

 

Trade receivables, net of allowances for doubtful receivables

   $ 71,388      $ 60,423  
  

 

 

    

 

 

 

Liquidity risk:

Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial asset. The Company’s approach to managing liquidity is to ensure, as far as possible, that it will always have sufficient liquidity to meet its liabilities when due, under normal and stressed conditions, without incurring unacceptable losses or risking damage to the reputation. Typically the Company ensures that it has sufficient cash on demand to meet expected operational expenses and service financial obligations. In addition, the Company has concluded arrangements with well reputed banks and has unused lines of credit of $78,290 as of March 31, 2018 that could be drawn upon should there be a need.

 

F-50