Atul Ltd 2019-20

205 Consolidated | Notes to the Financial Statements Note 29.6 Employee benefit obligations Funded schemes a) Defined benefit plans: Gratuity ( ` cr) Particulars Present value of obligation Fair value of plan assets Net amount As at March 31, 2018 46.50 (46.49) 0.01 Current service cost 2.79 - 2.79 Past service cost 0.24 0.24 Interest expense | (income) 3.57 (3.57) - Total amount recognised in the Consolidated Statement of Profit and Loss 6.60 (3.57) 3.03 Remeasurement Return on plan assets, excluding amount included in interest expense - 0.07 0.07 Loss from change in financial assumptions 1.00 - 1.00 Experience (gain) (0.89) - (0.89) Liability transferred in | acquisitions 0.48 - 0.48 Assets transferred in | acquisitions - (0.48) (0.48) Total amount recognised in other comprehensive income 0.59 (0.41) 0.18 Employer contributions - (3.13) (3.13) Benefit payments (5.30) 5.30 - As at March 31, 2019 48.39 (48.30) 0.09 Current service cost 2.81 - 2.81 Past service cost - - - Interest expense | (income) 3.49 (3.48) 0.01 Total amount recognised in the Consolidated Statement of Profit and Loss 6.30 (3.48) 2.82 Remeasurement Return on plan assets, excluding amount included in interest expense | (income) - 0.51 0.51 (Gain) from change in demographic assumptions (0.26) - (0.26) Loss from change in financial assumptions 2.16 - 2.16 Experience (gain) (0.32) - (0.32) Total amount recognised in other comprehensive income 1.58 0.51 2.09 Employer contributions - (4.87) (4.87) Benefit payments (5.56) 5.56 - As at March 31, 2020 50.71 (50.58) 0.13 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 50.71 48.39 Fair value of plan assets (50.58) (48.30) Deficit of Gratuity plan 0.13 0.09