SEC Filings

20-F
WNS (HOLDINGS) LTD filed this Form 20-F on 05/16/2018
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Table of Contents

WNS (HOLDINGS) LIMITED

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

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

 

Deferred tax presented in the statement of financial position is as follows:

 

     As at  
     March 31,
2018
     March 31,
2017
 

Deferred tax assets

     27,395        16,687  

Deferred tax liabilities

     (11,812      (20,800
  

 

 

    

 

 

 

Net deferred tax assets

   $ 15,583      $ (4,113
  

 

 

    

 

 

 

There are unused tax losses amounting to $17,969 as at March 31, 2018 for which no deferred tax asset has been recognized as these losses relate to a tax jurisdiction where the group entity has had past losses and there is no conclusive evidence to support the view that sufficient taxable profit will be generated by such group entity in the future to offset such losses. The expiry dates of the tax benefit for these losses depend on the local tax laws of the jurisdiction and, if not utilized, would expire on various dates starting from financial year 2019 to 2023.

Deferred income tax liabilities on earnings of Company’s subsidiaries have not been provided as such earnings are deemed to be permanently reinvested in the business and the Company is able to control the timing of the reversals of temporary differences associated with these investments. Accordingly, temporary difference on which deferred tax liability has not been recognized amounts to $494,571, $401,857 and $301,043 as at March 31, 2018, 2017 and 2016, respectively.

 

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