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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