SEC Filings

6-K
WNS (HOLDINGS) LTD filed this Form 6-K on 11/05/2018
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 cumulative effect of the changes made to the Company’s consolidated statement of financial position as at April 1, 2018 for the adoption of IFRS 15 - “Revenue from contracts with customers” and IFRS 9 – “Financial Instruments” is as follows:

 

     As at March 31, 2018
(as previously
reported)
    Transition
adjustments on
adoption of IFRS 15
    Transition
adjustments on
adoption of IFRS 9
    As at April 1,
2018 (as
adjusted)
 

ASSETS

        

Current assets:

        

Cash and cash equivalents

   $ 99,829     $ —       $ —       $ 99,829  

Investments

     120,960       —         —         120,960  

Trade receivables, net

     71,388       —         74       71,462  

Unbilled revenue

     61,721       —         —         61,721  

Funds held for clients

     10,066       —         —         10,066  

Derivative assets

     11,738       —         —         11,738  

Prepayments and other current assets

     24,847       1,520       —         26,367  
  

 

 

   

 

 

   

 

 

   

 

 

 

Total current assets

     400,549       1,520       74       402,143  
  

 

 

   

 

 

   

 

 

   

 

 

 

Non-current assets:

        

Goodwill

     135,186       —         —         135,186  

Intangible assets

     89,652       —         —         89,652  

Property and equipment

     60,606       —         —         60,606  

Derivative assets

     3,245       —         —         3,245  

Deferred tax assets

     27,395       (1,803     27       25,619  

Investments

     542       —         —         542  

Other non-current assets

     42,388       5,861       (84     48,165  
  

 

 

   

 

 

   

 

 

   

 

 

 

Total non-current assets

     359,014       4,058       (57     363,015  
  

 

 

   

 

 

   

 

 

   

 

 

 

TOTAL ASSETS

     759,563       5,578       17       765,158  
  

 

 

   

 

 

   

 

 

   

 

 

 

LIABILITIES AND EQUITY

    

Current liabilities:

        

Trade payables

     19,703       —         —         19,703  

Provisions and accrued expenses

     28,826       —         —         28,826  

Derivative liabilities

     6,466       —         —         6,466  

Pension and other employee obligations

     64,617       —         —         64,617  

Current portion of long- term debt

     27,740       —         —         27,740  

Deferred revenue

     2,908       27       —         2,935  

Current taxes payable

     1,262       —         —         1,262  

Other liabilities

     15,739       —         —         15,739  
  

 

 

   

 

 

   

 

 

   

 

 

 

Total current liabilities

     167,261       27       —         167,288  
  

 

 

   

 

 

   

 

 

   

 

 

 

Non-current liabilities:

        

Derivative liabilities

     2,289       —         —         2,289  

Pension and other employee obligations

     9,621       —         —         9,621  

Long- term debt

     61,391       —         —         61,391  

Deferred revenue

     571       37       —         608  

Other non-current liabilities

     11,662       —         —         11,662  

Deferred tax liabilities

     11,812       3       1       11,816  
  

 

 

   

 

 

   

 

 

   

 

 

 

Total non-current liabilities

     97,346       40       1       97,387  
  

 

 

   

 

 

   

 

 

   

 

 

 

TOTAL LIABILITIES

     264,607       67       1       264,675  
  

 

 

   

 

 

   

 

 

   

 

 

 

Share capital

     8,533       —         —         8,533  

Share premium

     371,764       —         —         371,764  

Retained earnings

     364,424       5,511       2,777       372,712  

Other components of equity

     (115,534     —         (2,761     (118,295

Less: shares, held in treasury, at cost

     (134,231     —         —         (134,231
  

 

 

   

 

 

   

 

 

   

 

 

 

Total shareholders’ equity

     494,956       5,511       16       500,483  
  

 

 

   

 

 

   

 

 

   

 

 

 
  

 

 

   

 

 

   

 

 

   

 

 

 

TOTAL LIABILITIES AND EQUITY

   $ 759,563     $ 5,578     $ 17     $ 765,158  
  

 

 

   

 

 

   

 

 

   

 

 

 

Details showing the classification and measurement of the Company’s financial instruments on adoption of IFRS 9 as at April 1, 2018:

 

    

IAS 39 Category

  

IFRS 9 Category

   Total
carrying
value
     Total fair
value
 

Cash and cash equivalents

   Loans and receivables    Financial assets at amortized cost    $ 99,829      $ 99,829  

Investment in fixed deposits

   Loans and receivables    Financial assets at amortized cost      21,548        21,548  

Investments in marketable securities and mutual funds

   Available for sale    Financial assets at FVTPL      99,954        99,954  

Trade receivables

   Loans and receivables    Financial assets at amortized cost      71,388        71,388  

Unbilled revenue

   Loans and receivables    Financial assets at amortized cost      61,721        61,721  

Funds held for clients

   Loans and receivables    Financial assets at amortized cost      10,066        10,066  

Prepayments and other assets

   Loans and receivables    Financial assets at amortized cost      4,410        4,410  

Other non-current assets

   Loans and receivables    Financial assets at amortized cost      10,243        10,243  

Derivative assets

   Financial assets at FVTPL    Financial assets at FVTPL      2,212        2,212  

Derivative assets

  

Derivative designated as cash flow hedges (carried

at fair value)

   Financial assets at FVOCI      12,771        12,771  
        

 

 

    

 

 

 

Total carrying value

         $ 394,142      $ 394,142  
        

 

 

    

 

 

 

 

 

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