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 impact of adoption of IFRS 15 and IFRS 9 on the Company’s consolidated statement of income for the three months ended September 30, 2018 was as follows:

 

     Three months ended September 30, 2018  
     As reported
(includes the
impact of adoption
of IFRS 15 and IFRS 9)
    Adjustments on
adoption of IFRS 15
    Adjustments on
adoption of IFRS 9
    Amounts
without
adoption of
IFRS 15 and
IFRS 9
 

Revenue

   $ 199,117     $ —       $ 1,176     $ 200,293  

Cost of revenue

     129,013       1,302       (67     130,248  
  

 

 

   

 

 

   

 

 

   

 

 

 

Gross profit

     70,104       (1,302     1,243       70,045  

Operating expenses:

        

Selling and marketing expenses

     11,279       (399     —         10,880  

General and administrative expenses

     27,868       —         —         27,868  

Foreign exchange gain, net

     (1,911     —         2,095       184  

Impairment of goodwill

     —         —         —         —    

Amortization of intangible assets

     4,044       —         —         4,044  
  

 

 

   

 

 

   

 

 

   

 

 

 

Operating profit

     28,824       (903     (852     27,069  

Other income, net

     (3,020     —         —         (3,020

Finance expense, net

     832       —         —         832  
  

 

 

   

 

 

   

 

 

   

 

 

 

Profit before income taxes

     31,012       (903     (852     29,257  

Income tax expense

     6,218       —         (308     5,910  
  

 

 

   

 

 

   

 

 

   

 

 

 

Profit after tax

   $ 24,794     $ (903   $ (544   $ 23,347  
  

 

 

   

 

 

   

 

 

   

 

 

 

The impact of adoption of IFRS 15 and IFRS 9 on the Company’s consolidated statement of income for the six months ended September 30, 2018 was as follows:

 

     Six months ended September 30, 2018  
     As reported
(includes the
impact of adoption
of IFRS 15 and IFRS 9)
    Adjustments on
adoption of IFRS 15
    Adjustments on
adoption of IFRS 9
    Amounts
without
adoption of
IFRS 15 and
IFRS 9
 

Revenue

   $ 398,892     $ —       $ 1,030     $ 399,922  

Cost of revenue

     261,905       1,894       (67     263,732  
  

 

 

   

 

 

   

 

 

   

 

 

 

Gross profit

     136,987       (1,894     1,097       136,190  

Operating expenses:

        

Selling and marketing expenses

     22,388       (741     —         21,647  

General and administrative expenses

     55,765       —         —         55,765  

Foreign exchange gain, net

     (3,180     —         2,693       (487

Impairment of goodwill

     —         —         —         —    

Amortization of intangible assets

     7,922       —         —         7,922  
  

 

 

   

 

 

   

 

 

   

 

 

 

Operating profit

     54,092       (1,153     (1,596     51,343  

Other income, net

     (6,359     —         —         (6,359

Finance expense, net

     1,672       —         —         1,672  
  

 

 

   

 

 

   

 

 

   

 

 

 

Profit before income taxes

     58,779       (1,153     (1,596     56,030  

Income tax expense

     11,601       —         (378     11,223  
  

 

 

   

 

 

   

 

 

   

 

 

 

Profit after tax

   $ 47,178     $ (1,153   $ (1,218   $ 44,807  
  

 

 

   

 

 

   

 

 

   

 

 

 

 

17