Other Liabilities

12 Months Ended

Mar. 31, 2022

Disclosure Of Other Liabilities [Abstract]

2.5 Other liabilities

Other liabilities comprise the following:

	(Dollars in millions)
	As of
	March 31, 2022		March 31, 2021
Current
Accrued compensation to employees		536		550
Accrued defined benefit plan liability (Refer to Note 2.14) ⁽¹⁾		1		1
Accrued expenses		986		612
Withholding taxes and others ⁽¹⁾		374		297
Retention money		2		2
Liabilities of controlled trusts		28		27
Deferred income- government grants⁽¹⁾		1		—
Liability towards contingent consideration		9		10
Capital creditors		57		51
Other non-financial liabilities ⁽¹⁾		—		1
Other financial liabilities^#		176		21
Total Current other liabilities		2,170		1,572
Non-current
Liability towards contingent consideration (Refer to Note 2.10)		7		12
Accrued compensation to employees		1		—
Accrued expenses		125		78
Accrued defined benefit liability (Refer to Note 2.14) ⁽¹⁾		49		44
Deferred income - government grants ⁽¹⁾		8		8
Deferred income ⁽¹⁾		1		2
Financial liability under option arrangements (Refer to Note 2.10)		86		95
Withholding taxes and others ⁽¹⁾		—		50
Other non-financial liabilities⁽¹⁾		1		—
Other financial liabilities^#		78		10
Total Non-current other liabilities		356		299
Total other liabilities		2,526		1,871
Financial liabilities included in other liabilities		2,091		1,468
Financial liability towards contingent consideration on undiscounted basis (Refer to Note 2.10)		17		25

⁽¹⁾	Non-financial liabilities

Accrued expenses primarily relate to cost of technical sub-contractors, telecommunication charges, legal and professional charges, brand building expenses, overseas travel expenses, office maintenance and cost of software.

# Deferred contract cost in note 2.4 includes technology assets taken over by the Company from a customer as a part of transformation project which is not considered as distinct goods or services and the control related to the assets is not transferred to the Company in accordance with IFRS 15 - Revenue from contract with customers. Accordingly, the same has been considered as a reduction to the total contract value and accounted as Deferred contract cost. Further, as at March 31, 2022, the Company has entered into a financing arrangement with a third party for these assets for $118 million which has been considered as financial liability. This includes $112 million settled during the year directly by the third party to the customer on behalf of the Company and accordingly considered as non-cash transaction.