Atul Ltd 2020-21

205 Statutory Report 22 - 87 Financial Statements 88 - 229 Corporate Overview 01 - 21 Note 29.6 Employee benefit obligations (continued) ( ` cr) Particulars Present value of obligation Fair value of plan assets Net amount 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 Current service cost 3.30 - 3.30 Interest expense | (income) 3.16 (3.15) 0.01 Total amount recognised in the Consolidated Statement of Profit and Loss 6.46 (3.15) 3.31 Remeasurement Return on plan assets, excluding amount included in interest expense | (income) 0.01 (0.11) (0.10) (Gain) from change in demographic assumptions 2.08 - 2.08 Loss from change in financial assumptions (2.19) - (2.19) Assets transferred in | Acquisitions 0.04 - 0.04 Experience (gain) 1.51 - 1.51 Total amount recognised in other comprehensive income 1.45 (0.11) 1.34 Employer contributions - (4.28) (4.28) Benefit payments (3.32) 3.32 - As at March 31, 2021 55.30 (54.80) 0.50 The net liability disclosed above relates to the following funded and unfunded plans: ( ` cr) Particulars As at March 31, 2021 As at March 31, 2020 Present value of funded obligations 55.30 50.71 Fair value of plan assets (54.80) (50.58) Deficit of Gratuity plan 0.50 0.13 Significant estimates: Actuarial assumptions and sensitivity The significant actuarial assumptions were as follows: Particulars As at March 31, 2021 As at March 31, 2020 Discount rate 6.06% to 6.49% 5.21% to 6.43% Attrition rate 8% to 15% 14% to 37% Rate of return on plan assets 6.06% to 6.49% 5.21% to 6.43% Salary escalation rate 7.62% 8.40%