| As at | ||||||||
| March 2018 |
March 2017 |
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|
Change in projected benefit obligations |
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|
Obligation at beginning of the year |
$ | 11,776 | $ | 8,450 | ||||
|
Foreign currency translation |
(118 | ) | (30 | ) | ||||
|
Service cost |
1,917 | 2,188 | ||||||
|
Past service cost |
538 | — | ||||||
|
Interest cost |
657 | 513 | ||||||
|
Business combinations |
— | 95 | ||||||
|
Benefits paid |
(1,160 | ) | (1,283 | ) | ||||
|
Actuarial (gain)/loss |
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|
From changes in demographic assumptions |
62 | 463 | ||||||
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From changes in financial assumptions |
(3,428 | ) | (126 | ) | ||||
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From actual experience compared to assumptions |
857 | 1,506 | ||||||
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Benefit obligation at end of the year |
$ | 11,101 | $ | 11,776 | ||||
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Change in plan assets |
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|
Plan assets at beginning of the year |
$ | 976 | $ | 849 | ||||
|
Foreign currency translation |
(5 | ) | 22 | |||||
|
Expected return on plan assets |
70 | 62 | ||||||
|
Actuarial (loss) /gain |
(23 | ) | 39 | |||||
|
Actual contributions |
1,104 | 1,148 | ||||||
|
Benefits paid |
(1,081 | ) | (1,144 | ) | ||||
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Plan assets at end of the year |
$ | 1,041 | $ | 976 | ||||
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Accrued pension liability |
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Current |
$ | 1,189 | $ | 770 | ||||
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Non-current |
8,871 | 10,030 | ||||||
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Net amount recognized |
$ | 10,060 | $ | 10,800 | ||||
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Present value of funded defined benefit obligation |
$ | 10,418 | $ | 8,766 | ||||
|
Fair value of plan assets |
(1,041 | ) | (976 | ) | ||||
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| 9,377 | 7,790 | |||||||
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Present value of unfunded defined benefit obligation |
$ | 683 | $ | 3,010 | ||||
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Weighted average duration of defined benefit obligation (both funded and unfunded) |
4.8 years | 8.3 years | ||||||