Atul Ltd 2019-20

Corporate Overview Statutory Reports Financial Statements 01-21 22-91 92-228 142 Atul Ltd | Annual Report 2019-20 ( ` cr) Particulars Present value of obligation Fair value of plan assets Net amount As at March 31, 2018 45.42 (45.42) - Current service cost 2.54 - 2.54 Interest expense | (income) 3.49 (3.49) - Total amount recognised in profit and loss 6.03 (3.49) 2.54 Remeasurement Return on plan assets, excluding amount included in interest expense - 0.07 0.07 Loss from change in financial assumptions 1.13 - 1.13 Experience (gain) (0.83) - (0.83) Total amount recognised in other comprehensive income 0.30 0.07 0.37 Employer contributions - (2.91) (2.91) Benefit payments (5.24) 5.24 - As at March 31, 2019 46.51 (46.51) - Current service cost 2.57 - 2.57 Interest expense | (income) 3.36 (3.36) - Total amount recognised in profit and loss 5.93 (3.36) 2.57 Remeasurement Return on plan assets, excluding amount included in interest expense - 0.50 0.50 Loss from change in financial assumptions 1.83 - 1.83 Experience (gain) (0.27) - (0.27) Total amount recognised in other comprehensive income 1.56 0.50 2.06 Employer contributions - (4.63) (4.63) Benefit payments (5.28) 5.28 - As at March 31, 2020 48.72 (48.72) - The net liability disclosed above relates to following funded and unfunded plans: ( ` cr) Particulars As at March 31, 2020 As at March 31, 2019 Present value of funded obligations 48.72 46.51 Fair value of plan assets (48.72) (46.51) Deficit of gratuity plan - - Significant estimates: Actuarial assumptions and sensitivity The significant actuarial assumptions were as follows: Particulars As at March 31, 2020 As at March 31, 2019 Discount rate 6.24% 7.22% Attrition rate 14.00% 11.87% Rate of return on plan assets 6.24% 7.22% Salary escalation rate 8.40% 8.04% Note 28.6 Employee benefit obligations (continued)