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Form 20-F
LUXOFT HOLDING, INC filed this Form 20-F on 07/14/2017
Document Outline
Entire Document (9772.2 KB)
Subdocument 1 - 20-F - 20-F
Page 1 - UNITED STATES
Page 2 - PRELIMINARY NOTES
Page 3 - Industry Data and Other Information
Page 4 - TABLE OF CONTENTS
Page 5 - N/A
Page 6 - PART I
Page 7 - B. Capitalization and Indebtedness
Page 8 - We generate a significant portion of our sales of services, and anticipate deriving a material porti
Page 9 - Rapid growth may strain our limited resources, and a failure to manage this growth could have a mate
Page 10 - Credit default or a drop in the credit ratings of certain sovereigns or financial institutions could
Page 11 - Our computer networks may be vulnerable to security risks that could disrupt our services and cause
Page 12 - Our success depends on our ability to continue to attract new personnel, and retain and motivate our
Page 13 - Fluctuations in currency exchange rates and increased inflation could materially adversely affect ou
Page 14 - Significant political or regulatory developments, such as those stemming from the recent change of t
Page 15 - Our ability to generate and retain business depends on our reputation in the marketplace.
Page 16 - Our profitability could suffer if we are not able to manage large and complex projects.
Page 17 - Our sales of services, operating results or profitability may experience significant variability and
Page 18 - We may be subject to third-party claims of intellectual property infringement that could be time-con
Page 19 - We may not be successful in protecting our intellectual property rights, including our unpatented pr
Page 20 - If we fail to integrate or manage acquired businesses efficiently, or if the acquired companies are
Page 21 - Our international operations involve risks that could increase our expenses, adversely affect our re
Page 22 - Our business operations and financial condition could be adversely affected by negative publicity ab
Page 23 - Our effective tax rate could be materially adversely affected by a number of factors, including rece
Page 24 - We may encounter difficulties in obtaining withholding income tax benefits envisaged by the Cypriot
Page 25 - Ongoing corporate tax reform in Switzerland may result in abolition of privileged tax regime and inc
Page 26 - International hostilities, terrorist activities, other violence or war, natural disasters, pandemics
Page 27 - Regional and international political and diplomatic conflicts involving Russia and Ukraine could cre
Page 28 - Political and governmental instability in CEE countries could materially adversely affect our busine
Page 29 - N/A
Page 30 - Deterioration in political and economic relations among CEE countries in which we operate and/or bet
Page 31 - The legal and tax systems in CEE countries can create an uncertain environment for business activity
Page 32 - Loss of taxation benefits related to our employees' personal taxes that are enjoyed in CEE countries
Page 33 - Changes in the tax system in CEE countries or arbitrary or unforeseen application of existing rules
Page 34 - N/A
Page 35 - We may be exposed to additional taxation in Ukraine related to the activities of our non-Ukrainian c
Page 36 - We may be exposed to liability for actions taken by our subsidiaries.
Page 37 - Planned tax changes in Russia may negatively affect our financial results
Page 38 - Risks related to our Class A ordinary shares
Page 39 - The dual class structure of our ordinary shares has the effect of concentrating voting control with
Page 40 - Future sales of our Class A ordinary shares by our principal shareholders, or the perception that su
Page 41 - As a foreign private issuer, whose shares are listed on the NYSE, we may in the future elect to foll
Page 42 - If we are unable to satisfy the requirements of Section 404 of the Sarbanes Oxley Act of 2002, or if
Page 43 - We are not subject to the supervision of the British Virgin Islands Financial Services Commission an
Page 44 - We do not intend to pay regular dividends for the foreseeable future.
Page 45 - Provisions in our organizational documents may delay or prevent our acquisition by a third party.
Page 46 - Shareholders in British Virgin Islands companies may not be able to initiate shareholder derivative
Page 47 - ITEM 4. Information About Luxoft
Page 48 - N/A
Page 49 - Fortune Global 500
Page 50 - Industry background
Page 51 - Trends of IT spend in key industry verticals
Page 52 - Optimization:
Page 53 - Telecom:
Page 54 - N/A
Page 55 - Growth of CEE as a services delivery location
Page 56 - Poland.
Page 57 - Government support for the IT industry in CEE
Page 58 - Competitive strengths
Page 59 - Highly educated and experienced workforce.
Page 60 - Strong and experienced management team.
Page 61 - Provide managed delivery model.
Page 62 - N/A
Page 63 - Recent Initiatives
Page 64 - Technology consulting
Page 65 - Populus.
Page 66 - Financial services
Page 67 - Automotive and transport
Page 68 - Analytics
Page 69 - Luxoft Digital
Page 70 - Oil Gas.
Page 71 - DevOps
Page 72 - Agile
Page 73 - Quality and process management
Page 74 - Clients
Page 75 - N/A
Page 76 - Sales and marketing
Page 77 - Organic growth and expansion.
Page 78 - Training and development
Page 79 - Competition
Page 80 - Government legislation and regulation
Page 81 - Seasonal trends in operations
Page 82 - C. Organizational Structure
Page 83 - D. Property, Plants and Equipment
Page 84 - ITEM 4A. Unresolved Staff Comments
Page 85 - A. Operating Results
Page 86 - Inflation in CEE:
Page 87 - Acquisitions
Page 88 - Acquisition of Symtavision GmbH
Page 89 - Contract types
Page 90 - Depreciation and amortization
Page 91 - Results of operations
Page 92 - Operating expenses
Page 93 - Depreciation and amortization
Page 94 - Net foreign exchange loss
Page 95 - Operating expenses
Page 96 - Operating income
Page 97 - Income tax expense
Page 98 - B. Liquidity and Capital Resources
Page 99 - Credit facilities
Page 100 - Overdraft facilities
Page 101 - Net cash used in investing activities
Page 102 - Revenue recognition
Page 103 - Multiple elements arrangements.
Page 104 - Long-lived assets
Page 105 - Accounting for share-based employee compensation plans
Page 106 - Clarifying the Definition of a Business
Page 107 - C. Research and Development, Patents and Licenses
Page 108 - E. Off-Balance Sheet Arrangements
Page 109 - ITEM 6. Directors, Senior Management and Employees
Page 110 - Mikhail Friedland Executive Vice President, Global Chief Operating Officer
Page 111 - Yuri Elkin Managing Director, Luxoft Digital
Page 112 - Sergey Kuznetsov Managing Director, Enterprise and Manufacturing Solutions
Page 113 - Anatoly Karachinskiy Director
Page 114 - B. Compensation
Page 115 - Restricted Stock Unit Award Agreement
Page 116 - Performance Unit Agreement
Page 117 - Board structure
Page 118 - Compensation committee
Page 119 - 2014 Incentive Compensation Plan
Page 120 - N/A
Page 121 - Indemnification
Page 122 - D. Employees
Page 123 - E. Share Ownership
Page 124 - N/A
Page 125 - N/A
Page 126 - Significant Changes
Page 127 - Contracts for the purchase of services
Page 128 - Legal proceedings
Page 129 - B. Plan of distribution
Page 130 - B. Amended and Restated Memorandum and Articles of Association
Page 131 - Cumulative voting
Page 132 - Conversion of shares
Page 133 - Liquidation rights of shareholders
Page 134 - Untraceable shareholders
Page 135 - Issuances of additional ordinary shares
Page 136 - Conflicts of interest
Page 137 - Interested directors
Page 138 - Shareholder suits
Page 139 - C. Material Contracts
Page 140 - Taxation in the British Virgin Islands
Page 141 - Taxation of distributions
Page 142 - pro rata
Page 143 - Information reporting and backup withholding
Page 144 - provided that
Page 145 - Stamp duty and stamp duty reserve tax
Page 146 - I. Subsidiary Information
Page 147 - Interest rate risk
Page 148 - PART II
Page 149 - (c)
Page 150 - Changes in Internal Control over Financial Reporting.
Page 151 - ITEM 16C: Principal Accountant Fees and Services
Page 152 - ITEM 16F: Change in Registrant's Certifying Accountant
Page 153 - PART III
Page 154 - SIGNATURES
Page 155 - ANNUAL REPORT ON FORM 20-F
Page 156 - N/A
Page 157 - INDEX TO CONSOLIDATED FINANCIAL STATEMENTS
Page 158 - Report of Independent Registered Public Accounting Firm
Page 159 - Consolidated balance sheets
Page 160 - Consolidated statement of income
Page 161 - Consolidated statement of comprehensive income
Page 162 - Luxoft Holding, Inc
Page 163 - Consolidated statements of cash flows
Page 164 - Notes to consolidated financial statements
Page 165 - Notes to consolidated financial statements (Continued)
Page 166 - Notes to consolidated financial statements (Continued)
Page 167 - Notes to consolidated financial statements (Continued)
Page 168 - Notes to consolidated financial statements (Continued)
Page 169 - Notes to consolidated financial statements (Continued)
Page 170 - Notes to consolidated financial statements (Continued)
Page 171 - Notes to consolidated financial statements (Continued)
Page 172 - Notes to consolidated financial statements (Continued)
Page 173 - Notes to consolidated financial statements (Continued)
Page 174 - Notes to consolidated financial statements (Continued)
Page 175 - Notes to consolidated financial statements (Continued)
Page 176 - Notes to consolidated financial statements (Continued)
Page 177 - Notes to consolidated financial statements (Continued)
Page 178 - Notes to consolidated financial statements (Continued)
Page 179 - Notes to consolidated financial statements (Continued)
Page 180 - Notes to consolidated financial statements (Continued)
Page 181 - Notes to consolidated financial statements (Continued)
Page 182 - Notes to consolidated financial statements (Continued)
Page 183 - Notes to consolidated financial statements (Continued)
Page 184 - Notes to consolidated financial statements (Continued)
Page 185 - Notes to consolidated financial statements (Continued)
Page 186 - Notes to consolidated financial statements (Continued)
Page 187 - Notes to consolidated financial statements (Continued)
Page 188 - Notes to consolidated financial statements (Continued)
Page 189 - Notes to consolidated financial statements (Continued)
Page 190 - Notes to consolidated financial statements (Continued)
Page 191 - Notes to consolidated financial statements (Continued)
Page 192 - Notes to consolidated financial statements (Continued)
Page 193 - Notes to consolidated financial statements (Continued)
Page 194 - Notes to consolidated financial statements (Continued)
Page 195 - Notes to consolidated financial statements (Continued)
Page 196 - Notes to consolidated financial statements (Continued)
Page 197 - Notes to consolidated financial statements (Continued)
Page 198 - Notes to consolidated financial statements (Continued)
Page 199 - Notes to consolidated financial statements (Continued)
Page 200 - Notes to consolidated financial statements (Continued)
Page 201 - Notes to consolidated financial statements (Continued)
Page 202 - Notes to consolidated financial statements (Continued)
Page 203 - Notes to consolidated financial statements (Continued)
Page 204 - Notes to consolidated financial statements (Continued)
Page 205 - Notes to consolidated financial statements (Continued)
Page 206 - Notes to consolidated financial statements (Continued)
Page 207 - Notes to consolidated financial statements (Continued)
Page 208 - Notes to consolidated financial statements (Continued)
Subdocument 2 - EX-8.1 - EX-8.1
Page 1 - Exhibit 8.1
Subdocument 3 - EX-12.1 - EX-12.1
Page 1 - Exhibit 12.1
Subdocument 4 - EX-12.2 - EX-12.2
Page 1 - Exhibit 12.2
Subdocument 5 - EX-13.1 - EX-13.1
Page 1 - Exhibit 13.1
Subdocument 6 - EX-13.2 - EX-13.2
Page 1 - Exhibit 13.2
Subdocument 7 - EX-15.1 - EX-15.1
Page 1 - Exhibit 15.1
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