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EMPLOYEE BENEFITS | 12 Months Ended
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Mar. 31, 2025
Employee benefits [Abstract] |
EMPLOYEE BENEFITS | EMPLOYEE BENEFITS The Company operates pension plans for certain of its employees through defined contribution plans, defined benefit plans and other long-term employee benefit plans. The costs associated with defined contribution plans are expensed as incurred. The most recent actuarial valuations of the defined benefit plans and other long-term employee benefit plans were completed as at March 31, 2025. The next valuations are scheduled to be as at March 31, 2026. The changes in the fair value of assets, the employee benefit obligation and the funded status were as follows:
As at | March 31 2025 |  | March 31 2024
Accrued benefit obligations: |  |  |
Opening balance | $ | 28,382 |  |  | $ | 29,162 |
Interest cost | 986 |  |  | 1,015 |
Service cost | 921 |  |  | 610 |
Assumption changes | 133 |  |  | 561 |
Transfers and benefits paid | (2,156) |  |  | (2,590) |
Exchange and other adjustments | 1,394 |  |  | (376) |
Accrued benefit obligations, ending balance | $ | 29,660 |  |  | $ | 28,382 |
Plan assets: |  |  |
Opening balance | $ | 3,797 |  |  | $ | 3,676 |
Interest income included in net interest expense | (28) |  |  | 125 |
Exchange and other adjustments | 86 |  |  | (4) |
Plan assets, ending balance | $ | 3,855 |  |  | $ | 3,797 |
Employee benefits liability | $ | 25,805 |  |  | $ | 24,585 |
Amounts recognized in other comprehensive income (before tax) were as follows:
As at | March 31 2025 |  | March 31 2024
Total actuarial losses recognized in OCI | $ | (133) |  |  | $ | (561) |
The significant weighted average annual actuarial assumptions used in measuring the accrued benefit obligation were as follows:
As at | March 31 2025 |  | March 31 2024
Discount rate | 3.7 | % |  | 3.8 | %
Rate of compensation increase | 0.7 | % |  | 0.6 | %
Sensitivity analysis Significant actuarial assumptions for the determination of the defined benefit obligation are the discount rate and life expectancy. The sensitivity analyses have been performed based on reasonably possible changes in the respective assumptions occurring at the end of the reporting period, while holding all other assumptions constant. As at March 31, 2025, 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 | $ | (2,575) |  |  | $ | 2,668 |  |  | $ | 639 |  |  | $ | (645) |
The sensitivity analysis presented above may not be representative of the actual change in the defined benefit obligation as it is unlikely that the changes in assumptions would occur in isolation from one another as some of the assumptions may be correlated. The weighted average allocations of plan assets were:
As at | March 31 2025 |  | March 31 2024
Other | 100.0 | % |  | 100.0 | %
No plan assets were directly invested in the Company's securities. The net employee benefits expense included the following components:
Years ended | March 31 2025 |  | March 31 2024
Defined benefit plans |  |  |
Service cost | $ | 921 |  |  | $ | 610 |
Interest cost | 986 |  |  | 1,015 |
| 1,907 |  |  | 1,625 |
Defined contribution plans | 11,471 |  |  | 9,871 |
Net employee benefits expense | $ | 13,378 |  |  | $ | 11,496 |
The Company expects to contribute $nil to its defined benefit plans during the year ending March 31, 2026. The cumulative actuarial losses, net of income taxes, recognized in retained earnings as at March 31, 2025 were $2,917 (March 31, 2024 - $2,797).

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- Definition Employee benefits [Abstract] + References No definition available. + Details
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- Definition The entire disclosure for employee benefits. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 19 -IssueDate 2024-01-01 -Section Scope -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=19&code=ifrs-tx-2024-en-r&doctype=Standard&dita_xref=IAS19_g2-7_TI -URIDate 2024-03-27 + Details
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