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

 

     As at  
     September 30,
2018
     March 31,
2018
 

Forward contracts (Sell)

     

In US dollars

   $ 235,788      $ 242,418  

In United Kingdom pound sterling

     175,434        132,591  

In Euro

     30,539        23,883  

In Australian dollars

     47,129        48,147  

Others

     2,554        2,332  
  

 

 

    

 

 

 
   $ 491,444      $ 449,371  
  

 

 

    

 

 

 
     

Option contracts (Sell)

     

In US dollars

   $ 136,452      $ 107,629  

In United Kingdom pound sterling

     99,755        116,401  

In Euro

     33,048        21,483  

In Australian dollars

     43,678        28,828  

Others

     364        927  
  

 

 

    

 

 

 
   $ 313,297      $ 275,268  
  

 

 

    

 

 

 

Interest rate swap contracts

     

In US dollars

     75,850        89,900  

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

 

     Three months ended September 30,      Six months ended September 30,  
     2018      2017      2018      2017  

Revenue

   $ (1,492    $ 3,130      $ (691    $ 6,908  

Foreign exchange gain/(loss), net

     —          4,410        (2      9,612  

Finance expense, net

     99        (171      168        (382

Income tax related to amounts reclassified into consolidated statement of income

     154        (2,761      (346      (5,992
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ (1,239    $ 4,608      $ (871    $ 10,146  
  

 

 

    

 

 

    

 

 

    

 

 

 
           

As at September 30, 2018, a loss amounting to $13,991 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 $1,196 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 42 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 September 30, 2018 and 2017 a gain of Nil and $131, respectively, and for the six months ended September 30, 2018 and 2017 a loss of $2 and $20, respectively

 

 

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