SEC Filings

6-K
WNS (HOLDINGS) LTD filed this Form 6-K on 01/31/2019
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 December 31, 2018 was as follows:

 

     Three months ended December 31, 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

   $ 199,746     $ —       $ (29   $ 199,717  

Cost of revenue

     125,205       (1,162     —         124,043  
  

 

 

   

 

 

   

 

 

   

 

 

 

Gross profit

     74,541       1,162       (29     75,674  

Operating expenses:

        

Selling and marketing expenses

     10,905       354       —         11,259  

General and administrative expenses

     28,171       —         (39     28,132  

Foreign exchange gain, net

     (1,854     —         (5,279     (7,133

Amortization of intangible assets

     3,945       —         —         3,945  
  

 

 

   

 

 

   

 

 

   

 

 

 

Operating profit

     33,374       808       5,289       39,471  

Other income, net

     (3,644     —         —         (3,644

Finance expense, net

     812       —         —         812  
  

 

 

   

 

 

   

 

 

   

 

 

 

Profit before income taxes

     36,206       808       5,289       42,303  

Income tax expense

     7,623       —         1,090       8,713  
  

 

 

   

 

 

   

 

 

   

 

 

 

Profit after tax

   $ 28,583     $ 808     $ 4,199     $ 33,590  
  

 

 

   

 

 

   

 

 

   

 

 

 

The impact of adoption of IFRS 15 and IFRS 9 on the Company’s consolidated statement of income for the nine months ended December 31, 2018 was as follows:

 

     Nine months ended December 31, 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

   $ 598,638     $ —       $ 1,001     $ 599,639  

Cost of revenue

     387,110       732       —         387,842  
  

 

 

   

 

 

   

 

 

   

 

 

 

Gross profit

     211,528       (732     1,001       211,797  

Operating expenses:

        

Selling and marketing expenses

     33,293       (387     —         32,906  

General and administrative expenses

     83,936       —         (106     83,830  

Foreign exchange gain, net

     (5,034     —         (2,587     (7,621

Amortization of intangible assets

     11,867       —         —         11,867  
  

 

 

   

 

 

   

 

 

   

 

 

 

Operating profit

     87,466       (345     3,694       90,815  

Other income, net

     (10,003     —         —         (10,003

Finance expense, net

     2,484       —         —         2,484  
  

 

 

   

 

 

   

 

 

   

 

 

 

Profit before income taxes

     94,985       (345     3,694       98,334  

Income tax expense

     19,224       —         712       19,936  
  

 

 

   

 

 

   

 

 

   

 

 

 

Profit after tax

   $ 75,761     $ (345   $ 2,982     $ 78,398  
  

 

 

   

 

 

   

 

 

   

 

 

 

 

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