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)

 

24.

Income taxes

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

 

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

Domestic

   $ (678    $ (2,293      (1,574    $ (3,101

Foreign

     31,690        23,724        60,353        45,975  
  

 

 

    

 

 

    

 

 

    

 

 

 

Profit before income taxes

   $ 31,012      $ 21,431      $ 58,779      $ 42,874  
  

 

 

    

 

 

    

 

 

    

 

 

 

The Company’s income tax expense consists of the following:

 

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

Current taxes

           

Domestic taxes

   $ —        $ —        $ —        $ —    

Foreign taxes

     6,787        3,090        11,971        7,816  
  

 

 

    

 

 

    

 

 

    

 

 

 
   $ 6,787      $ 3,090      $ 11,971      $ 7,816  
  

 

 

    

 

 

    

 

 

    

 

 

 
           

Deferred taxes

           

Domestic taxes

     —          —          —          —    

Foreign taxes

     (569      (585      (370      (564
  

 

 

    

 

 

    

 

 

    

 

 

 
     (569      (585      (370      (564
  

 

 

    

 

 

    

 

 

    

 

 

 
   $ 6,218      $ 2,505      $ 11,601      $ 7,252  
  

 

 

    

 

 

    

 

 

    

 

 

 

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.

Income tax expense / (credit) has been allocated as follows:

 

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

Income taxes on profit

   $ 6,218      $ 2,505      $ 11,601      $ 7,252  

Income taxes on other comprehensive income/(loss):

           

Unrealized gain on cash flow hedging derivatives

     (2,748      (3,829      (4,083      (6,954

Income taxes recognized in equity:

           

Excess tax deductions related to share-based options and RSUs

     246        (432      53        (723
  

 

 

    

 

 

    

 

 

    

 

 

 

Total income taxes

   $ 3,716      $ (1,756    $ 7,571      $ (425
  

 

 

    

 

 

    

 

 

    

 

 

 

 

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