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Income taxes - Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2018
Mar. 31, 2020
Mar. 31, 2019
Deferred tax liabilities          
Capital allowances for tax purposes       $ 4,141 $ 5,504
Intangible assets       2,778 3,183
Prepaid expenses       164 208
Deferred foreign currency gains       8,402 5,861
Investment in subsidiaries       157 151
Deferred commissions       894 952
Lease assets       842 483
Other       79 146
Gross deferred tax liabilities       17,457 16,488
Set-off of deferred tax balances       (6,021) (7,314)
Net deferred tax liabilities       11,436 9,174
Deferred tax assets          
Deferred revenue       1,059 1,161
Capital allowances for tax purposes       1,137 1,686
Accruals       2,986 3,334
Tax losses       2,578 3,985
Stock based compensation       396 233
Deferred foreign currency losses       374 279
Recurring commission liability       169 74
Lease liabilities       913 524
Other       265 245
Gross deferred tax assets       9,877 11,521
Set-off of deferred tax balances       (6,021) (7,314)
Net deferred tax assets before valuation allowance       3,856 4,207
Less valuation allowance       (748) (1,010)
Net deferred tax assets       3,108 3,197
Net deferred tax liability $ (5,977) $ (5,977) $ (3,238) $ (8,328) $ (5,977)
The gross movement in net deferred tax assets/(liabilities) is as follows:          
Opening balance (5,977) (3,238)      
Adjustment on initial application of ASC 326, 606, 842 39 (730)      
Foreign currency translation 2,240 993      
Credited to equity (other comprehensive income) (40) 84      
Statement of Income charge (4,590) (3,086) 1,766    
Ending balance $ (8,328) $ (5,977) $ (3,238)