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)

 

24.

Income taxes

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

 

     Three months ended December 31,      Nine months ended December 31,  
     2018      2017      2018      2017  

Domestic

   $ (996    $ (1,461      (2,570    $ (4,562

Foreign

     37,202        28,639        97,555        74,614  
  

 

 

    

 

 

    

 

 

    

 

 

 

Profit before income taxes

   $ 36,206      $ 27,178      $ 94,985      $ 70,052  
  

 

 

    

 

 

    

 

 

    

 

 

 

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

 

     Three months ended December 31,      Nine months ended December 31,  
     2018      2017      2018      2017  

Current taxes

           

Domestic taxes

   $ —        $ —        $ —        $ —    

Foreign taxes

     7,997        6,950        19,968        14,766  
  

 

 

    

 

 

    

 

 

    

 

 

 
   $ 7,997      $ 6,950      $ 19,968      $ 14,766  
  

 

 

    

 

 

    

 

 

    

 

 

 
           

Deferred taxes

           

Domestic taxes

   $ —        $ —        $ —        $ —    

Foreign taxes

     (374      (6,058      (744      (6,622
  

 

 

    

 

 

    

 

 

    

 

 

 
   $ (374    $ (6,058    $ (744    $ (6,622
  

 

 

    

 

 

    

 

 

    

 

 

 
   $ 7,623      $ 892      $ 19,224      $ 8,144  
  

 

 

    

 

 

    

 

 

    

 

 

 

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 December 31,      Nine months ended December 31,  
     2018      2017      2018      2017  

Income taxes on profit

   $ 7,623      $ 892      $ 19,224      $ 8,144  

Income taxes on other comprehensive income/(loss):

           

Unrealized gain on cash flow hedging derivatives

     5,476        655        1,393        (6,299

Income taxes recognized in equity:

           

Excess tax deductions related to share-based options and RSUs

     652        140        705        (583
  

 

 

    

 

 

    

 

 

    

 

 

 

Total income taxes

   $ 13,751      $ 1,687      $ 21,322      $ 1,262  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

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