SEC Filings

6-K
WNS (HOLDINGS) LTD filed this Form 6-K on 08/06/2018
Entire Document
 


Table of Contents

WNS (HOLDINGS) LIMITED

NOTES TO UNAUDITED CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS

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

 

The following table presents the notional values of outstanding foreign exchange forward contracts, foreign exchange option contracts and interest rate swap contracts:

 

     As at  
     June 30,
2018
     March 31,
2018
 

Forward contracts (Sell)

     

In US dollars

   $ 234,886      $ 242,418  

In United Kingdom pound sterling

     169,014        132,591  

In Euro

     22,698        23,883  

In Australian dollars

     41,220        48,147  

Others

     2,246        2,332  
  

 

 

    

 

 

 
   $ 470,064      $ 449,371  
  

 

 

    

 

 

 

Option contracts (Sell)

     

In US dollars

   $ 130,188      $ 107,629  

In United Kingdom pound sterling

     80,122        116,401  

In Euro

     21,805        21,483  

In Australian dollars

     36,799        28,828  

Others

     634        927  
  

 

 

    

 

 

 
   $ 269,548      $ 275,268  
  

 

 

    

 

 

 

Interest rate swap contracts

     

In US dollars

     89,900        89,900  

The amount of gain/ (loss) reclassified from other comprehensive income into consolidated statement of income in respective line items for the three months ended June 30, 2018 and 2017 are as follows:

 

     Three months ended June 30,  
     2018      2017  

Revenue

   $ 801      $ 3,778  

Foreign exchange gain, net

     (2      5,202  

Finance expense, net

     69        (211

Income tax related to amounts reclassified into consolidated statement of income

     (500      (3,231
  

 

 

    

 

 

 

Total

   $ 368      $ 5,538  
  

 

 

    

 

 

 

As at June 30, 2018, a loss amounting to $7,385 on account of cash flow hedges in relation to forward and option contracts entered is expected to be reclassified from other comprehensive income into consolidated statement of income over a period of 24 months and a gain amounting to $1,155 on account of cash flow hedges in relation to interest rate swaps is expected to be reclassified from other comprehensive income into consolidated statement of income over a period of 45 months.

Due to the discontinuation of cash flow hedge accounting on account of non-occurrence of original forecasted transactions by the end of the originally specified time period, the Company recognized in the consolidated statement of income for the three months ended June 30, 2018 and 2017 a loss of $2 and a loss of $152, respectively.

 

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