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)

 

24.

Income taxes

The domestic and foreign source component of profit/ (loss) before income taxes is as follows:

 

     Three months ended June 30,  
     2018      2017  

Domestic

   $ (896    $ (808

Foreign

     28,663        22,251  
  

 

 

    

 

 

 

Profit before income taxes

   $ 27,767      $ 21,443  
  

 

 

    

 

 

 

The Company’s provision for income taxes consists of the following:

 

     Three months ended June 30,  
     2018      2017  

Current taxes

     

Domestic taxes

   $ —      $ —  

Foreign taxes

     5,184        4,726  
  

 

 

    

 

 

 
   $ 5,184      $ 4,726  
  

 

 

    

 

 

 

Deferred taxes

     

Domestic taxes

     —          —    

Foreign taxes

     199        21  
  

 

 

    

 

 

 
     199        21  
  

 

 

    

 

 

 
Provision for income taxes    $ 5,383      $ 4,747  
  

 

 

    

 

 

 

Domestic taxes are nil as there are no statutory taxes applicable in Jersey, Channel Islands at a rate of 0%. Foreign taxes are based on applicable tax rates in each subsidiary’s jurisdiction.

Provision (credit) for income taxes has been allocated as follows:

 

     Three months ended June 30,  
     2018      2017  

Income taxes on profit

   $ 5,383      $ 4,747  

Income taxes on other comprehensive income/(loss):

     

Unrealized gain on cash flow hedging derivatives

     (1,335      (3,126

Income taxes recognized in equity:

     

Excess tax deductions related to share based options and RSUs

     (193      (291
  

 

 

    

 

 

 

Total income taxes

   $ 3,855      $ 1,330  
  

 

 

    

 

 

 

 

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