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)

 

8.

Prepayment and other assets

Prepayment and other assets consist of the following:

 

     As at  
     December 31,
2018
     March 31,
2018
 

Current:

     

Service tax and other tax receivables

   $ 810      $ 6,569  

Deferred transition cost*

     —          571  

Contract assets

     4,999        —    

Employee receivables

     1,602        1,099  

Advances to suppliers

     2,249        2,877  

Prepaid expenses

     6,397        7,994  

Restricted cash, held in escrow (Refer Note 4 (c))

     1,535        1,535  

Others assets

     3,126        4,202  
  

 

 

    

 

 

 

Total

   $ 20,718      $ 24,847  
  

 

 

    

 

 

 

Non-current:

     

Deposits

   $ 8,672      $ 8,708  

Income tax assets

     9,484        12,595  

Service tax and other tax receivables

     20,420        11,410  

Deferred transition cost*

     —          2,467  

Contract assets

     17,510        —    

Restricted cash, held in escrow (Refer Note 4 (c))

     —          1,535  

Others assets

     2,939        5,673  
  

 

 

    

 

 

 

Total

   $ 59,025      $ 42,388  
  

 

 

    

 

 

 

 

*

As at December 31, 2018, deferred transition cost is included within contract assets in accordance with IFRS 15.

 

9.

Goodwill

A summary of the carrying value of goodwill is as follows:

 

     As at  
     December 31,      March 31,  
     2018      2018  

Gross carrying amount

   $ 152,212      $ 159,500  

Accumulated impairment of goodwill

     (22,163      (24,314
  

 

 

    

 

 

 

Total

   $ 130,049      $ 135,186  
  

 

 

    

 

 

 
     

The movement in goodwill balance by reportable segment as at December 31, 2018 and March 31, 2018 is as follows:

Gross carrying amount

 

     WNS     

WNS

Auto

        
     Global BPM      Claims BPM      Total  

Balance as at April 1, 2017

   $ 129,878      $ 25,803      $ 155,681  

Goodwill initially arising on acquisitions

     (92      —          (92

Foreign currency translation adjustment

     767        3,144        3,911  
  

 

 

    

 

 

    

 

 

 

Balance as at March 31, 2018

   $ 130,553      $ 28,947      $ 159,500  
  

 

 

    

 

 

    

 

 

 

Foreign currency translation adjustment

     (4,727      (2,561      (7,288
  

 

 

    

 

 

    

 

 

 

Balance as at December 31, 2018

   $ 125,826      $ 26,386      $ 152,212  
  

 

 

    

 

 

    

 

 

 

Accumulated impairment losses on goodwill

 

     WNS     

WNS

Auto

        
     Global BPM      Claims BPM      Total  

Balance as at April 1, 2017

   $ —      $ 21,673      $ 21,673  

Foreign currency translation adjustment

     —          2,641        2,641  
  

 

 

    

 

 

    

 

 

 

Balance as at March 31, 2018

   $ —      $ 24,314      $ 24,314  

Foreign currency translation adjustment

     —          (2,151      (2,151
  

 

 

    

 

 

    

 

 

 

Balance as at December 31, 2018

   $ —        $ 22,163      $ 22,163  
  

 

 

    

 

 

    

 

 

 

 

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