The carrying value and fair value of financial instruments by class as at March 31, 2018 are as follows:
Financial assets
| Loans and receivables |
Financial assets at FVTPL |
Derivative designated as cash flow hedges (carried at fair value) |
Available for sale |
Total carrying value |
Total fair value |
|||||||||||||||||||
|
Cash and cash equivalents |
$ | 99,829 | $ | — | $ | — | $ | — | $ | 99,829 | $ | 99,829 | ||||||||||||
|
Investment in fixed deposits |
21,548 | — | — | — | 21,548 | 21,548 | ||||||||||||||||||
|
Investments in marketable securities and mutual funds |
— | — | — | 99,954 | 99,954 | 99,954 | ||||||||||||||||||
|
Trade receivables |
71,388 | — | — | — | 71,388 | 71,388 | ||||||||||||||||||
|
Unbilled revenue |
61,721 | — | — | — | 61,721 | 61,721 | ||||||||||||||||||
|
Funds held for clients |
10,066 | — | — | — | 10,066 | 10,066 | ||||||||||||||||||
|
Prepayments and other assets (1) |
4,410 | — | — | — | 4,410 | 4,410 | ||||||||||||||||||
|
Other non-current assets(2) |
10,243 | — | — | — | 10,243 | 10,243 | ||||||||||||||||||
|
Derivative assets |
— | 2,212 | 12,771 | — | 14,983 | 14,983 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Total carrying value |
$ | 279,205 | $ | 2,212 | $ | 12,771 | $ | 99,954 | $ | 394,142 | $ | 394,142 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
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Financial liabilities
| Financial liabilities at FVTPL |
Derivative designated as cash flow hedges (carried at fair value) |
Financial liabilities at amortized cost |
Total carrying value |
Total fair value |
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|
Trade payables |
$ | — | $ | — | $ | 19,703 | $ | 19,703 | $ | 19,703 | ||||||||||
|
Long term debt (includes current portion) (3) |
— | — | 89,900 | 89,900 | 89,900 | |||||||||||||||
|
Other employee obligations (4) |
— | — | 59,346 | 59,346 | 59,346 | |||||||||||||||
|
Provision and accrued expenses |
— | — | 28,826 | 28,826 | 28,826 | |||||||||||||||
|
Other liabilities(5) |
11,388 | — | 2,447 | 13,835 | 13,835 | |||||||||||||||
|
Derivative liabilities |
946 | 7,809 | — | 8,755 | 8,755 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
|
Total carrying value |
$ | 12,334 | $ | 7,809 | $ | 200,222 | $ | 220,365 | $ | 220,365 | ||||||||||
|
|
|
|
|
|
|
|
|
|
|
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Notes:
| (1) | Excluding non-financial assets $20,437. |
| (2) | Excluding non-financial assets $32,145. |
| (3) | Excluding non-financial asset (unamortized debt issuance cost) $769. |
| (4) | Excluding non-financial liabilities $14,892. |
| (5) | Excluding non-financial liabilities $13,566. |
The carrying value and fair value of financial instruments by class as at March 31, 2017 are as follows:
Financial assets
| Loans and receivables |
Financial assets at FVTPL |
Derivative designated as cash flow hedges (carried at fair value) |
Available for sale |
Total carrying value |
Total fair value |
|||||||||||||||||||
|
Cash and cash equivalents |
$ | 69,803 | $ | — | $ | — | $ | — | $ | 69,803 | $ | 69,803 | ||||||||||||
|
Investment in fixed deposits |
24,673 | — | — | — | 24,673 | 24,673 | ||||||||||||||||||
|
Investments in marketable securities and mutual funds |
— | — | — | 87,652 | 87,652 | 87,652 | ||||||||||||||||||
|
Investment in FMPs |
— | 96 | — | — | 96 | 96 | ||||||||||||||||||
|
Trade receivables |
60,423 | — | — | — | 60,423 | 60,423 | ||||||||||||||||||
|
Unbilled revenue |
48,915 | — | — | — | 48,915 | 48,915 | ||||||||||||||||||
|
Funds held for clients |
9,135 | — | — | — | 9,135 | 9,135 | ||||||||||||||||||
|
Prepayments and other assets (1) |
4,262 | — | — | — | 4,262 | 4,262 | ||||||||||||||||||
|
Other non-current assets (2) |
10,791 | — | — | — | 10,791 | 10,791 | ||||||||||||||||||
|
Derivative assets |
— | 5,041 | 36,941 | — | 41,982 | 41,982 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
|
Total carrying value |
$ | 228,002 | $ | 5,137 | $ | 36,941 | $ | 87,652 | $ | 357,732 | $ | 357,732 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
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Financial liabilities
| Financial liabilities at FVTPL |
Derivative designated as cash flow hedges (carried at fair value) |
Financial liabilities at amortized cost |
Total carrying value |
Total fair value |
||||||||||||||||
|
Trade payables |
$ | — | $ | — | $ | 14,239 | $ | 14,239 | $ | 14,239 | ||||||||||
|
Long term debt (includes current portion) (3) |
— | — | 118,000 | 118,000 | 118,000 | |||||||||||||||
|
Other employee obligations (4) |
— | — | 46,701 | 46,701 | 46,701 | |||||||||||||||
|
Provision and accrued expenses |
— | — | 27,217 | 27,217 | 27,217 | |||||||||||||||
|
Other liabilities (5) |
19,678 | — | 1,086 | 20,764 | 20,764 | |||||||||||||||
|
Derivative liabilities |
26 | 4,757 | — | 4,783 | 4,783 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
|
Total carrying value |
$ | 19,704 | $ | 4,757 | $ | 207,243 | $ | 231,704 | $ | 231,704 | ||||||||||
|
|
|
|
|
|
|
|
|
|
|
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Notes:
| (1) | Excluding non-financial assets $ 23,123. |
| (2) | Excluding non-financial assets $ 21,153. |
| (3) | Excluding non-financial asset (unamortized debt issuance cost) $1,257. |
| (4) | Excluding non-financial liabilities $16,912. |
| (5) | Excluding non-financial liabilities $13,720. |