Additional capital disclosures

12 Months Ended

Mar. 31, 2018

28. Additional capital disclosures

The key objective of the Company’s capital management is to ensure that it maintains a stable capital structure with the focus on total equity to uphold investor, creditor, and customer confidence and to ensure future development of its business. The Company focuses on keeping a strong total equity base to ensure independence, security, as well as a high financial flexibility for potential future borrowings, if required, without impacting the risk profile of the Company.

The capital structure as at March 31, 2018 and 2017 was as follows:


	As at March 31,
	2018			2017			% Change
Total equity attributable to the equity shareholders of the Company	$	494,956		$	415,066			19	%
As percentage of total capital		85	%		78	%
Long term debt(1)		89,900			118,000			(24	)%
Total debt	$	89,900		$	118,000			(24	)%
As percentage of total capital		15	%		22	%

Total capital (debt and equity)	$	584,856		$	533,066			10	%

Note:

(1)	Before netting off debt issuance cost of $769 and $1,257 as at March 31, 2018 and March 31, 2017, respectively.

The Company is predominantly equity-financed. This is also evident from the fact that debt represents 15% and 22% of total capital as at March 31, 2018 and 2017, respectively.