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sūƥĚ ǨǯȦǬ /ŞƎŕūNjĚĚ ċĚŠĚǛƥ ūċŕĿijîƥĿūŠƙ ȳČūŠƥĿŠƭĚēȴ
Risk exposure
¹ĺƑūƭijĺ Ŀƥƙ ēĚǛŠĚē ċĚŠĚǛƥ ƎŕîŠƙȡ ƥĺĚ HƑūƭƎ Ŀƙ ĚNJƎūƙĚē ƥū î ŠƭŞċĚƑ ūlj ƑĿƙŒƙȡ ƥĺĚ Şūƙƥ ƙĿijŠĿǛČîŠƥ ūlj DžĺĿČĺ îƑĚ ēĚƥîĿŕĚē ċĚŕūDžȠ
i)
Asset volatility
The plan liabilities are calculated using a discount rate set with reference to bond yields; if plan assets underperform this
NjĿĚŕēȡ ƥĺĿƙ DžĿŕŕ ČƑĚîƥĚ î ēĚǛČĿƥȦ qūƙƥ ūlj ƥĺĚ ƎŕîŠ îƙƙĚƥ ĿŠDŽĚƙƥŞĚŠƥƙ îƑĚ ĿŠ ǛNJĚē ĿŠČūŞĚ ƙĚČƭƑĿƥĿĚƙ DžĿƥĺ ĺĿijĺ ijƑîēĚƙ îŠē
ĿŠ ijūDŽĚƑŠŞĚŠƥ ƙĚČƭƑĿƥĿĚƙȦ ¹ĺĚƙĚ îƑĚ ƙƭċŏĚČƥ ƥū ĿŠƥĚƑĚƙƥ ƑîƥĚ ƑĿƙŒȦ ¹ĺĚ HƑūƭƎ ĺîƙ î ƑĿƙŒ ŞîŠîijĚŞĚŠƥ ƙƥƑîƥĚijNj DžĺĚƑĚ ƥĺĚ
îijijƑĚijîƥĚ îŞūƭŠƥ ūlj ƑĿƙŒ ĚNJƎūƙƭƑĚ ūŠ î ƎūƑƥljūŕĿū ŕĚDŽĚŕ Ŀƙ ŞîĿŠƥîĿŠĚē îƥ î ǛNJĚē ƑîŠijĚȦ ŠNj ēĚDŽĿîƥĿūŠƙ ljƑūŞ ƥĺĚ ƑîŠijĚ îƑĚ
ČūƑƑĚČƥĚē ċNj ƑĚċîŕîŠČĿŠij ƥĺĚ ƎūƑƥljūŕĿūȦ ¹ĺĚ HƑūƭƎ ĿŠƥĚŠēƙ ƥū ŞîĿŠƥîĿŠ ƥĺĚ îċūDŽĚ ĿŠDŽĚƙƥŞĚŠƥ ŞĿNJ ĿŠ ƥĺĚ ČūŠƥĿŠƭĿŠij NjĚîƑƙȦ
ii) Changes in bond yields
A decrease in bond yields will increase plan liabilities, although this will be partially offset by an increase in the value of
other bond holdings.
¹ĺĚ HƑūƭƎ îČƥĿDŽĚŕNj ŞūŠĿƥūƑƙ ĺūDž ƥĺĚ ēƭƑîƥĿūŠ îŠē ƥĺĚ ĚNJƎĚČƥĚē NjĿĚŕē ūlj ƥĺĚ ĿŠDŽĚƙƥŞĚŠƥƙ îƑĚ ŞîƥČĺĿŠij ƥĺĚ ĚNJƎĚČƥĚē Čîƙĺ
ūƭƥǜūDžƙ îƑĿƙĿŠij ljƑūŞ ƥĺĚ ĚŞƎŕūNjĚĚ ċĚŠĚǛƥ ūċŕĿijîƥĿūŠƙȦ ¹ĺĚ HƑūƭƎ ĺîƙ Šūƥ ČĺîŠijĚē ƥĺĚ ƎƑūČĚƙƙĚƙ ƭƙĚē ƥū ŞîŠîijĚ Ŀƥƙ
ƑĿƙŒƙ ljƑūŞ ƎƑĚDŽĿūƭƙ ƎĚƑĿūēƙȦ TŠDŽĚƙƥŞĚŠƥƙ îƑĚ DžĚŕŕ ēĿDŽĚƑƙĿǛĚēȡ ƙƭČĺ ƥĺîƥ ƥĺĚ ljîĿŕƭƑĚ ūlj îŠNj ƙĿŠijŕĚ ĿŠDŽĚƙƥŞĚŠƥ Džūƭŕē Šūƥ ĺîDŽĚ
a material impact on the overall level of assets.
A large portion of assets consists insurance funds, although the Group also invests in corporate bonds and special deposit
ƙČĺĚŞĚȦ ¹ĺĚ ƎŕîŠ îƙƙĚƥ ŞĿNJ Ŀƙ ĿŠ ČūŞƎŕĿîŠČĚ DžĿƥĺ ƥĺĚ ƑĚƐƭĿƑĚŞĚŠƥƙ ūlj ƥĺĚ ƑĚƙƎĚČƥĿDŽĚ ŕūČîŕ ƑĚijƭŕîƥĿūŠƙȦ
/NJƎĚČƥĚē ČūŠƥƑĿċƭƥĿūŠƙ ƥū ƎūƙƥȹĚŞƎŕūNjŞĚŠƥ ċĚŠĚǛƥ ƎŕîŠƙ ljūƑ ƥĺĚ NjĚîƑ ĚŠēĿŠij qîƑČĺ ǩǧȡ ǨǦǨǦ îƑĚ
`
2.75 cr.
¹ĺĚ DžĚĿijĺƥĚē îDŽĚƑîijĚ ēƭƑîƥĿūŠ ūlj ƥĺĚ ēĚǛŠĚē ċĚŠĚǛƥ ūċŕĿijîƥĿūŠ Ŀƙ Ǭ NjĚîƑƙȦ ¹ĺĚ ĚNJƎĚČƥĚē ŞîƥƭƑĿƥNj îŠîŕNjƙĿƙ ūlj ijƑîƥƭĿƥNj Ŀƙ
as follows:
(
`
cr)
Particulars
Less than a
year
Between 1 -
2 years
Between 2 -
5 years
Over 5 years
Total
/NJƎĚČƥĚē ēĚǛŠĚē ċĚŠĚǛƥ ūċŕĿijîƥĿūŠ ȳijƑîƥƭĿƥNjȴ
As at March 31, 2019
12.73
6.57
18.38
27.12
ǬǪȦǮǦ
As at March 31, 2018
9.8
6.33
19.83
ǪǬȦǧ
82.06
¡ƑūDŽĿēĚŠƥ ljƭŠēȠ
In case of certain employees, the provident fund contribution is made to a trust administered by the Group. The actuary has
provided a valuation of provident fund liability based on the assumptions listed below and determined that there is no shortfall
as at March 31, 2019.
(
`
cr)
Expenses recognised for the year ended March 31, 2019 (included in Note
26)
As at
March 31, 2019
As at
March 31, 2018
i)
'ĚǛŠĚē ċĚŠĚǛƥ ūċŕĿijîƥĿūŠ
10.29
ǯȦǪǮ
ii) Fund
10.25
9.81
iii) Net asset | (liability)
ȳǦȦǦǪȴ
0.33
iv)
ĺîƑijĚ ƥū ƥĺĚ ūŠƙūŕĿēîƥĚē ¬ƥîƥĚŞĚŠƥ ūlj ¡ƑūǛƥ îŠē gūƙƙ ēƭƑĿŠij ƥĺĚ NjĚîƑ
0.28
0.20
226
Atul Ltd | Annual Report 2018-19
Corporate Overview 01-22
Statutory Reports 23-105
Financial Statements 107-250