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)

 

Income taxes recognized directly in equity are as follows:

 

     Year ended March 31,  
         2018              2017              2016      

Current taxes:

        

Excess tax deductions related to share-based payments

     (685      (270      (229
  

 

 

    

 

 

    

 

 

 
   $ (685    $ (270    $ (229
  

 

 

    

 

 

    

 

 

 

Deferred taxes:

        

Excess tax deductions related to share-based payments

     (1,135      715        (688
  

 

 

    

 

 

    

 

 

 
   $ (1,135    $ 715      $ (688
  

 

 

    

 

 

    

 

 

 

Total income tax recognized directly in equity

   $ (1,820    $ 445      $ (917
  

 

 

    

 

 

    

 

 

 

Income taxes recognized in other comprehensive income are as follows:

 

     Year ended March 31,  
         2018              2017              2016      

Current taxes

     —        —        —  

Deferred taxes:

        

Unrealized gain/(loss) on cash flow hedging derivatives

     (9,409      6,921        (4,259
  

 

 

    

 

 

    

 

 

 

Total income tax recognized directly in other comprehensive income

   $ (9,409    $ 6,921      $ (4,259
  

 

 

    

 

 

    

 

 

 

The reconciliation of estimated income tax to provision for income taxes:

 

     Year ended March 31,  
         2018              2017              2016      

Profit before income taxes

   $ 101,867      $ 55,293      $ 81,060  

Income tax expense at tax rates applicable to individual entities

     32,702        21,765        28,067  

Effect of:

        

Items not deductible for tax

     221        455        771  

Exempt income

     (11,250      (7,706      (6,845

Non tax deductible goodwill impairment

     —          4,335        —    

(Gain)/Loss in respect of which deferred tax (liability)/asset not recognized due to uncertainty and ineligibility to carry forward

     324        (105      259  

Recognition of unutilized tax benefits / Unrecognized losses utilized

     —          (1,220      (294

Temporary difference that will reverse during tax holiday period

     22        1,580        30  

Change in tax rate and law

     (5,685      78        (152

Provision for uncertain tax position

     —          (1,499      2  

State taxes

     317        14        12  

Due to acquisitions and merger

     (1,686      —          —    

One time tax on undistributed earnings

     266        —          —    

Others, net

     200        (167      (670
  

 

 

    

 

 

    

 

 

 

Provision for income taxes

   $ 15,431      $ 17,530      $ 21,180  
  

 

 

    

 

 

    

 

 

 

 

F-64