Other liabilities comprise the following:
|
|
|
|
|
|
|
|
|
|
|
(Dollars in millions) |
|
|
|
As of |
|
|
|
March 31, 2025 |
|
|
March 31, 2024 |
|
Current |
|
|
|
|
|
|
Accrued compensation to employees(1) |
|
|
576 |
|
|
|
534 |
|
Accrued defined benefit liability (3) |
|
|
1 |
|
|
|
1 |
|
Accrued expenses(1) |
|
|
991 |
|
|
|
986 |
|
Withholding taxes and others(3) |
|
|
381 |
|
|
|
382 |
|
Liabilities of controlled trusts (1) |
|
|
20 |
|
|
|
25 |
|
Liability towards contingent consideration(2) |
|
|
1 |
|
|
|
— |
|
Capital creditors(1) |
|
|
61 |
|
|
|
37 |
|
Financial liability under option arrangements(2)(4) |
|
|
64 |
|
|
|
60 |
|
Other non-financial liabilities(3) |
|
|
1 |
|
|
|
1 |
|
Other financial liabilities (1)(5) |
|
|
61 |
|
|
|
73 |
|
Total Current other liabilities |
|
|
2,157 |
|
|
|
2,099 |
|
Non-current |
|
|
|
|
|
|
Accrued compensation to employees(1) |
|
|
1 |
|
|
|
1 |
|
Accrued expenses(1) |
|
|
221 |
|
|
|
213 |
|
Accrued defined benefit liability (3) |
|
|
14 |
|
|
|
19 |
|
Financial liability under option arrangements(2)(4) |
|
|
13 |
|
|
|
12 |
|
Liability towards contingent consideration(2) |
|
|
2 |
|
|
|
— |
|
Other non-financial liabilities(3) |
|
|
12 |
|
|
|
10 |
|
Other financial liabilities (1)(5) |
|
|
1 |
|
|
|
18 |
|
Total Non-current other liabilities |
|
|
264 |
|
|
|
273 |
|
Total other liabilities |
|
|
2,421 |
|
|
|
2,372 |
|
(1) Financial liability carried at amortized cost |
|
|
1,932 |
|
|
|
1,887 |
|
(2) Financial liability carried at fair value through profit or loss |
|
|
80 |
|
|
|
72 |
|
Financial liability under option arrangements on undiscounted basis |
|
|
89 |
|
|
|
83 |
|
Financial liability towards contingent consideration on undiscounted basis (Refer to Note 2.10) |
|
|
4 |
|
|
|
— |
|
(3) Non-financial liabilities (4) Represents liability related to options issued by the Group over the non-controlling interests in its subsidiaries. (5) The Group entered into financing arrangements with a third party towards technology assets taken over by the Group from a customer as a part of transformation project which was not considered as distinct goods or services as the control related to those assets was not transferred to the Group in accordance with IFRS 15 - Revenue from contract with customers. As at March 31, 2025 and March 31, 2024, the financial liability pertaining to such arrangements amounts to $8 million and $45 million, respectively.
|