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EMPLOYEE BENEFITS (Tables) | 12 Months Ended
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Mar. 31, 2024
Employee benefits [Abstract] |
Disclosure of net defined benefit liability (asset) | The changes in the fair value of assets, the employee benefit obligation and the funded status were as follows:
As at | March 31 2024 |  | March 31 2023
Accrued benefit obligations: |  |  |
Opening balance | $ | 29,162 |  |  | $ | 32,721 |
Acquisition of subsidiary | — |  |  | 1,055 |
Interest cost | 1,015 |  |  | 579 |
Service cost | 610 |  |  | 553 |
Assumption changes | 561 |  |  | (5,043) |
Transfers and benefits paid | (2,590) |  |  | (2,111) |
Foreign exchange | (376) |  |  | 1,408 |
Accrued benefit obligations, ending balance | $ | 28,382 |  |  | $ | 29,162 |
Plan assets: |  |  |
Opening balance | $ | 3,676 |  |  | $ | 3,589 |
Interest income included in net interest expense | 125 |  |  | (170) |
Company contributions | — |  |  | 179 |
Foreign exchange | (4) |  |  | 78 |
Plan assets, ending balance | $ | 3,797 |  |  | $ | 3,676 |
Employee benefits liability | $ | 24,585 |  |  | $ | 25,486 |
Amounts recognized in the consolidated statements of comprehensive income (before tax) were as follows:
As at | March 31 2024 |  | March 31 2023
Total actuarial gains (losses) recognized in OCI | $ | (561) |  |  | $ | 5,043 |
The significant weighted average annual actuarial assumptions used in measuring the accrued benefit obligation were as follows:
As at | March 31 2024 |  | March 31 2023
Discount rate | 3.8 | % |  | 4.1 | %
Rate of compensation increase | 0.6 | % |  | 0.4 | %
Disclosure of sensitivity analysis for actuarial assumptions | As at March 31, 2024, the following quantitative analysis shows changes to the significant actuarial assumptions and the corresponding impact on the accrued benefit obligations:
| Discount rate |  | Life expectancy
| 1% increase |  | 1% decrease |  | Increase by 1 year |  | Decrease by 1 year
Accrued benefit obligations | $ | (2,988) |  |  | $ | 2,146 |  |  | $ | 625 |  |  | $ | (638) |
The weighted average allocations of plan assets were:
As at | March 31 2024 |  | March 31 2023
Other | 100.0 | % |  | 100.0 | %
Disclosure of defined benefit plans | The net employee benefits expense included the following components:
Years ended | March 31 2024 |  | March 31 2023
Defined benefit plans |  |  |
Service cost | $ | 610 |  |  | $ | 553 |
Interest cost | 1,015 |  |  | 579 |
| 1,625 |  |  | 1,132 |
Defined contribution plans | 9,871 |  |  | 7,250 |
Net employee benefits expense | $ | 11,496 |  |  | $ | 8,382 |

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- Definition Employee benefits [Abstract] + References No definition available. + Details
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- Definition The disclosure of defined benefit plans. [Refer: Defined benefit plans [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 19 -IssueDate 2023-01-01 -Paragraph 138 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=19&code=ifrs-tx-2023-en-r&anchor=para_138&doctype=Standard -URIDate 2023-03-23 + Details
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- Definition The disclosure of a net defined benefit liability (asset). [Refer: Net defined benefit liability (asset)] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 19 -IssueDate 2023-01-01 -Paragraph 140 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=19&code=ifrs-tx-2023-en-r&anchor=para_140_a&doctype=Standard -URIDate 2023-03-23 + Details
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- Definition The disclosure of a sensitivity analysis for significant actuarial assumptions used to determine the present value of a defined benefit obligation. [Refer: Actuarial assumptions [member]; Defined benefit obligation, at present value] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 19 -IssueDate 2023-01-01 -Paragraph 145 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=19&code=ifrs-tx-2023-en-r&anchor=para_145&doctype=Standard -URIDate 2023-03-23 + Details
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