SEC Filings

6-K
WNS (HOLDINGS) LTD filed this Form 6-K on 01/31/2019
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Profit after tax, as adjusted by non-cash and other items primarily comprised the following: (i) profit after tax of $75.8 million for the nine months ended December 31, 2018 as compared to $61.9 million for the nine months ended December 31, 2017; (ii) a deferred tax credit of $0.7 million for the nine months ended December 31, 2018 as compared to $6.6 million for the nine months ended December 31, 2017; (iii) current tax expense of $20.0 million for the nine months ended December 31, 2018 as compared to $14.8 million for the nine months ended December 31, 2017; (iv) depreciation and amortization expense of $27.2 million for the nine months ended December 31, 2018 as compared to $26.5 million for the nine months ended December 31, 2017; (v) interest income of $1.8 million for the nine months ended December 31, 2018 as compared to $2.6 million for the nine months ended December 31, 2017; (vi) deferred rent of $1.4 million for the nine months ended December 31, 2018 as compared to $0.9 million for the nine months ended December 31, 2017; (vii) income from marketable securities of $5.6 million for the nine months ended December 31, 2018 as compared to $2.4 million for the nine months ended December 31, 2017; (viii) an unrealized exchange gain of $3.1 million for the nine months ended December 31, 2018 as compared to an unrealized exchange loss of $1.4 million for the nine months ended December 31, 2017; (ix) an unrealized gain on derivative instruments of $0.6 million for the nine months ended December 31, 2018 as compared to an unrealized loss of $2.4 million for the nine months ended December 31, 2017; (x) an excess tax benefit on share-based compensation expense of $1.4 million for the nine months ended December 31, 2018 as compared to $0.2 million for the nine months ended December 31, 2017 and (xi) interest expense of $2.2 million for the nine months ended December 31, 2018 as compared to $2.7 million for the nine months ended December 31, 2017.

Cash outflow on account of working capital changes amounted to $16.6 million for the nine months ended December 31, 2018 as compared to $9.8 million for the nine months ended December 31, 2017. This was primarily on account of a decrease in cash inflow from current assets by $11.9 million and an increase in cash outflow towards current liabilities by $7.6 million, partially offset by an increase in cash inflow from trade receivables and unbilled revenue by $6.3 million and a decrease in cash outflow towards contract liabilities and accounts payable by $3.7 million and $2.9 million, respectively.

 

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