11. Property and equipment
The changes in the carrying value of property and equipment for the year ended March 31, 2017 are as follows:
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Gross carrying value |
Buildings | Computers and software |
Furniture, fixtures and office equipment |
Vehicles | Leasehold improvements |
Total | ||||||||||||||||||
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Balance as at April 1, 2016 |
$ | 10,150 | $ | 69,203 | $ | 60,860 | $ | 459 | $ | 52,589 | $ | 193,261 | ||||||||||||
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Additions |
— | 4,411 | 7,455 | 135 | 8,105 | 20,106 | ||||||||||||||||||
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On acquisition (Refer Note 4(a),(b),(c)) |
— | 1,014 | 1,895 | 14 | 1,820 | 4,743 | ||||||||||||||||||
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Disposals/retirements |
— | (3,407 | ) | (1,619 | ) | (33 | ) | (1,723 | ) | (6,782 | ) | |||||||||||||
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Translation adjustments |
96 | (1,350 | ) | 286 | 12 | 201 | (755 | ) | ||||||||||||||||
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Balance as at March 31, 2017 |
$ | 10,246 | $ | 69,871 | $ | 68,877 | $ | 587 | $ | 60,992 | $ | 210,573 | ||||||||||||
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Accumulated depreciation |
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Balance as at April 1, 2016 |
$ | 3,661 | $ | 58,768 | $ | 47,375 | $ | 347 | $ | 36,874 | $ | 147,025 | ||||||||||||
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Depreciation |
505 | 5,742 | 5,126 | 92 | 5,438 | 16,903 | ||||||||||||||||||
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Disposals/retirements |
— | (3,327 | ) | (1,241 | ) | (20 | ) | (1,354 | ) | (5,942 | ) | |||||||||||||
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Translation adjustments |
42 | (1,372 | ) | 171 | 10 | 222 | (927 | ) | ||||||||||||||||
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Balance as at March 31, 2017 |
$ | 4,208 | $ | 59,811 | $ | 51,431 | $ | 429 | $ | 41,180 | $ | 157,059 | ||||||||||||
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Capital work-in-progress |
1,282 | |||||||||||||||||||||||
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Net carrying value as at March 31, 2017 |
$ | 54,796 | ||||||||||||||||||||||
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The changes in the carrying value of property and equipment for the year ended March 31, 2018 are as follows:
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Gross carrying value |
Buildings | Computers and software |
Furniture, fixtures and office equipment |
Vehicles | Leasehold improvements |
Total | ||||||||||||||||||
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Balance as at April 1, 2017 |
$ | 10,246 | $ | 69,871 | $ | 68,877 | $ | 587 | $ | 60,992 | $ | 210,573 | ||||||||||||
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Additions |
— | 4,597 | 9,389 | 93 | 9,756 | 23,835 | ||||||||||||||||||
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Disposals/retirements |
— | (3,350 | ) | (1,718 | ) | (29 | ) | (2,303 | ) | (7,400 | ) | |||||||||||||
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Translation adjustments |
(23 | ) | 1,965 | 839 | 5 | 721 | 3,507 | |||||||||||||||||
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Balance as at March 31, 2018 |
$ | 10,223 | $ | 73,083 | $ | 77,387 | $ | 656 | $ | 69,166 | $ | 230,515 | ||||||||||||
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Accumulated depreciation |
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Balance as at April 1, 2017 |
$ | 4,208 | $ | 59,811 | $ | 51,431 | $ | 429 | $ | 41,180 | $ | 157,059 | ||||||||||||
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Depreciation |
514 | 6,442 | 6,623 | 97 | 6,278 | 19,954 | ||||||||||||||||||
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Disposals/retirements |
— | (3,345 | ) | (1,674 | ) | (30 | ) | (2,308 | ) | (7,357 | ) | |||||||||||||
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Translation adjustments |
(12 | ) | 1,822 | 512 | 1 | 296 | 2,619 | |||||||||||||||||
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Balance as at March 31, 2018 |
$ | 4,710 | $ | 64,730 | $ | 56,892 | $ | 497 | $ | 45,446 | $ | 172,275 | ||||||||||||
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Capital work-in-progress |
2,366 | |||||||||||||||||||||||
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Net carrying value as at March 31, 2018 |
$ | 60,606 | ||||||||||||||||||||||
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Certain property and equipment are pledged as collateral against borrowings with a carrying amount of $107 and $170 as at March 31, 2018 and 2017, respectively.