12. Property and equipment

The changes in the carrying value of property and equipment for the year ended March 31, 2018 are as follows:


Gross carrying value	Buildings			Computers and software			Furniture, fixtures and office equipment			Vehicles			Leasehold improvements			Total
Balance as at April 1, 2017	$	10,246		$	69,871		$	68,877		$	587		$	60,992		$	210,573
Additions		—			4,597			9,389			93			9,756			23,835
Disposals/retirements		—			(3,350	)		(1,718	)		(29	)		(2,303	)		(7,400	)
Translation adjustments		(23	)		1,965			839			5			721			3,507

Balance as at March 31, 2018	$	10,223		$	73,083		$	77,387		$	656		$	69,166		$	230,515

Accumulated depreciation
Balance as at April 1, 2017	$	4,208		$	59,811		$	51,431		$	429		$	41,180		$	157,059
Depreciation		514			6,442			6,623			97			6,278			19,954
Disposals/retirements		—			(3,345	)		(1,674	)		(30	)		(2,308	)		(7,357	)
Translation adjustments		(12	)		1,822			512			1			296			2,619

Balance as at March 31, 2018	$	4,710		$	64,730		$	56,892		$	497		$	45,446		$	172,275

Capital work-in-progress																	2,366

Net carrying value as at March 31, 2018																$	60,606

The changes in the carrying value of property and equipment for the year ended March 31, 2019 are as follows:


Gross carrying value	Buildings			Computers and software			Furniture, fixtures and office equipment			Vehicles			Leasehold improvements			Total
Balance as at April 1, 2018	$	10,223		$	73,083		$	77,387		$	656		$	69,166		$	230,515
Additions		—			7,361			7,487			328			8,097			23,273
On acquisition (Refer Note 5(a))		—			30			—			—			—			30
Disposals/retirements		—			(2,812	)		(2,856	)		(158	)		(1,275	)		(7,101	)
Translation adjustments		(260	)		(4,572	)		(4,739	)		(45	)		(4,287	)		(13,903	)

Balance as at March 31, 2019	$	9,963		$	73,090		$	77,279		$	781		$	71,701		$	232,814

Accumulated depreciation
Balance as at April 1, 2018	$	4,710		$	64,730		$	56,892		$	497		$	45,446		$	172,275
Depreciation		496			5,437			7,227			150			7,024			20,334
Disposals/retirements		—			(2,775	)		(2,816	)		(146	)		(1,169	)		(6,906	)
Translation adjustments		(117	)		(4,139	)		(3,465	)		(35	)		(2,816	)		(10,572	)

Balance as at March 31, 2019	$	5,089		$	63,253		$	57,838		$	466		$	48,485		$	175,131

Capital work-in-progress																	3,315

Net carrying value as at March 31, 2019																$	60,998

Certain property and equipment are pledged as collateral against borrowings with a carrying amount of $111 and $107 as at March 31, 2019 and 2018, respectively.