Additional capital disclosures

12 Months Ended

Mar. 31, 2019

30. 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, 2019 and 2018 was as follows:


	As at March 31,
	2019			2018			% Change
Total equity attributable to the equity shareholders of the Company	$	552,419		$	494,956			19	%
As percentage of total capital		90	%		85	%
Long term debt ⁽¹⁾		61,800			89,900			(24	)%
Total debt	$	61,800		$	89,900			(24	)%
As percentage of total capital		10	%		15	%

Total capital (debt and equity)	$	614,219		$	584,856			10	%

Note:

(1)	Before netting off debt issuance cost of $409 and $769 as at March 31, 2019 and March 31, 2018, respectively.

The Company is predominantly equity-financed. This is also evident from the fact that debt represents only 10% and 15% of total capital as at March 31, 2019 and 2018, respectively.