Atul Ltd 2016-17

193 Note 29.6 Employee benefit obligations Balance Sheet amount (Gratuity) ( ` cr) Particulars Present value of obligation Fair value of plan assets Net amount April 01, 2015 44.92 (44.47) 0.45 Current service cost 2.21 – 2.21 Interest expense | (income) 3.59 (3.59) – Total amount recognised in profit and loss 5.80 (3.59) 2.21 Remeasurements Return on plan assets, excluding amount included in interest expense | (income) – 0.79 0.79 (Gain) | Loss from change in financial assumptions 0.36 – 0.36 Experience (gain) | loss 1.83 – 1.83 Total amount recognised in Other Comprehensive Income 2.19 0.79 2.98 Employer contributions – (5.17) (5.17) Benefit payments (5.10) 5.08 (0.02) March 31, 2016 47.81 (47.36) 0.45 Current service cost 2.64 (0.01) 2.63 Interest expense | (income) 3.73 (3.73) – Total amount recognised in profit and loss 6.37 (3.74) 2.63 Remeasurements Return on plan assets, excluding amount included in interest expense | (income) 0.01 (1.98) (1.97) (Gain) | Loss from change in financial assumptions 1.16 – 1.16 Experience (gain) | loss (1.63) – (1.63) Total amount recognised in Other Comprehensive Income (0.46) (1.98) (2.44) Employer contributions – 0.01 0.01 Benefit payments (5.85) 5.77 (0.08) March 31, 2017 47.87 (47.30) 0.57 The net liability disclosed above relates to funded and unfunded plans are as follows: ( ` cr) Particulars As at March 31, 2017 As at March 31, 2016 As at April 01, 2015 Present value of funded obligations 47.87 47.81 44.92 Fair value of plan assets (47.30) (47.36) (44.47) Deficit of Gratuity plan 0.57 0.45 0.45 Notes to the Consolidated Financial Statements