Company: G
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001398659-25-000059
Chunk: 134

Company: Genpact LTD
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 8
Chunk 134
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 amortization expenses  396,117 396,334 Total$1,221,440 $1,215,262  Current portion  26,17326,178 Non-current portion 1,195,2671,189,084Total  $1,221,440 $1,215,262  

11. Accrued expenses and other current liabilities

 Accrued expenses and other current liabilities consist of the following:As of December 31, 2024As of March 31, 2025Accrued expenses $199,555 $178,714 Accrued employee cost 328,090159,543Statutory liabilities 78,267105,238Retirement benefits 2,2191,746Compensated absences28,15731,397Derivative instruments (Note 5)37,42617,681Contract liabilities (Note 18)101,85395,180Finance leases liability8,58110,345Deferred compensation plan liability (Note 4)3,8132,786Other liabilities25,03333,136$812,994 $635,766 

12. Other liabilities

 Other liabilities consist of the following: As of December 31, 2024As of March 31, 2025Accrued expenses $60,905 $83,505 Accrued employee cost 2,854 1,767 Retirement benefits 13,84316,938Compensated absences48,52752,068Derivative instruments (Note 5)21,27313,640Contract liabilities (Note 18)50,33646,689Finance leases liability8,81111,245Deferred compensation plan liability (Note 4)57,11158,410Others5,3815,845$269,041 $290,107 

27

GENPACT LIMITED AND ITS SUBSIDIARIESNotes to the Consolidated Financial Statements(Unaudited)(In thousands, except per share data and share count)

13. Employee benefit plans

 The Company has employee benefit plans in the form of certain statutory and other programs covering its employees. Defined benefit plansIn accordance with Indian law, the Company maintains a defined benefit retirement plan covering substantially all of its Indian employees. In accordance with Mexican law, the Company provides termination benefits to all of its Mexican employees. In addition, certain of the Company’s subsidiaries in the Philippines, Israel and Japan