Prepayments and other assets consist of the following:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Dollars in millions) |
|
|
As of |
|
|
March 31, 2026 |
|
|
March 31, 2025 |
|
|
Current |
|
|
|
|
|
|
|
Security deposits(1) |
|
8 |
|
|
8 |
|
|
Loans to employees(1) |
|
25 |
|
|
29 |
|
|
Prepaid expenses (2) |
|
450 |
|
|
360 |
|
|
Interest accrued and not due(1) |
|
47 |
|
|
99 |
|
|
Withholding taxes and others (2)(4) |
|
411 |
|
|
332 |
|
|
Advance payments to vendors for supply of goods (2) |
|
50 |
|
|
48 |
|
|
Deposit with corporation(1)(3) |
|
334 |
|
|
345 |
|
|
Deferred contract cost |
|
|
|
|
|
|
|
Cost of obtaining a contract (2) |
|
30 |
|
|
40 |
|
|
Cost of fulfillment(2) |
|
70 |
|
|
59 |
|
|
Net investment in lease(1) |
|
170 |
|
|
|
133 |
|
|
Other non-financial assets (2) |
|
15 |
|
|
|
11 |
|
|
Other financial assets(1) |
|
46 |
|
|
55 |
|
|
Total Current prepayment and other assets |
|
|
1,656 |
|
|
|
1,519 |
|
|
Non-current |
|
|
|
|
|
|
|
Loans to employees(1) |
|
1 |
|
|
2 |
|
|
Security deposits(1) |
|
30 |
|
|
32 |
|
|
Deposit with corporation(1)(3) |
|
8 |
|
|
10 |
|
|
Defined benefit plan assets (2) |
|
21 |
|
|
35 |
|
|
Prepaid expenses (2) |
|
82 |
|
|
33 |
|
|
Deferred contract cost |
|
|
|
|
|
|
|
Cost of obtaining a contract (2) |
|
52 |
|
|
36 |
|
|
Cost of fulfillment(2) |
|
102 |
|
|
103 |
|
|
Withholding taxes and others (2)(4) |
|
66 |
|
|
63 |
|
|
Net investment in lease(1) |
|
101 |
|
|
|
129 |
|
|
Other financial assets(1) |
|
4 |
|
|
2 |
|
|
Total Non-current prepayment and other assets |
|
|
467 |
|
|
|
445 |
|
|
Total prepayment and other assets |
|
|
2,123 |
|
|
|
1,964 |
|
|
(1) Financial assets carried at amortized cost |
|
774 |
|
|
|
844 |
|
|
(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.
|