Prepayments and other assets consist of the following:
|
|
|
|
|
|
|
|
|
|
|
(Dollars in millions) |
|
|
|
As of |
|
|
|
March 31, 2025 |
|
|
March 31, 2024 |
|
Current |
|
|
|
|
|
|
Security deposits(1) |
|
8 |
|
|
9 |
|
Loans to employees(1) |
|
29 |
|
|
30 |
|
Prepaid expenses (2) |
|
360 |
|
|
399 |
|
Interest accrued and not due(1) |
|
99 |
|
|
64 |
|
Withholding taxes and others (2)(4) |
|
332 |
|
|
424 |
|
Advance payments to vendors for supply of goods (2) |
|
48 |
|
|
43 |
|
Deposit with corporation(1)(3) |
|
345 |
|
|
304 |
|
Deferred contract cost |
|
|
|
|
|
|
Cost of obtaining a contract (2) |
|
40 |
|
|
24 |
|
Cost of fulfillment(2) |
|
59 |
|
|
43 |
|
Net investment in lease(1) |
|
|
133 |
|
|
|
85 |
|
Other non-financial assets (2) |
|
|
11 |
|
|
|
21 |
|
Other financial assets(1) |
|
55 |
|
|
27 |
|
Total Current prepayment and other assets |
|
|
1,519 |
|
|
|
1,473 |
|
Non-current |
|
|
|
|
|
|
Loans to employees(1) |
|
2 |
|
|
4 |
|
Security deposits(1) |
|
32 |
|
|
31 |
|
Deposit with corporation(1)(3) |
|
10 |
|
|
6 |
|
Defined benefit plan assets (2) |
|
35 |
|
|
4 |
|
Prepaid expenses (2) |
|
33 |
|
|
41 |
|
Deferred contract cost |
|
|
|
|
|
|
Cost of obtaining a contract (2) |
|
36 |
|
|
16 |
|
Cost of fulfillment(2) |
|
103 |
|
|
82 |
|
Withholding taxes and others (2)(4) |
|
63 |
|
|
81 |
|
Net investment in lease(1) |
|
|
129 |
|
|
134 |
|
Other financial assets(1) |
|
2 |
|
|
|
- |
|
Total Non-current prepayment and other assets |
|
|
445 |
|
|
|
399 |
|
Total prepayment and other assets |
|
|
1,964 |
|
|
|
1,872 |
|
(1)Financial assets carried at amortized cost |
|
|
844 |
|
|
|
694 |
|
(3)Deposit with corporation represents amounts deposited to settle certain employee-related obligations as and when they arise during the normal course of business. (4)Withholding taxes and others primarily consist of input tax credits and VAT recoverable from tax authorities.
|