Atul-2012-13

Atul Ltd | Annual Report 2012-13

Notes

to financial statements

(

cr)

NOTE 27.10 LOANS AND ADVANCES IN THE NATURE OF LOANS

Particulars

Amount outstanding as at

Maximum balance during the year

March 31, 2013 March 31, 2012 2012-13

2011-12

(i) Subsidiary company:

Ameer Trading Corporation Ltd

3.76

7.69

12.42

Atul Bioscence Ltd

4.30

(ii) Associate company:

Amal Ltd

14.88

(iii) Loan to other:

Atul Club

1.42

Notes:

(a) No repayment schedule for (iii)

(b) Loans given to employees as per the policy of the Company are not considered.

NOTE 27.11 EMPLOYEE BENEFITS

Funded schemes

(a) Defined benefit plans:

Expenses recognised for the year ended on March 31, 2013 (included in Note 24)

(

cr)

Particulars

2012-13

2011-12

Gratuity

1 Current service cost

1.75

1.49

2 Interest cost

3.08

2.83

3 Expected return on plan assets

(3.17)

(2.78)

4 Employer contribution (receipt)

5 Actuarial losses | (gains)

2.94

1.64

([SHQVHV UHFRJQLVHG LQ 6WDWHPHQW RI 3URÀW DQG /RVV

4.60

3.18

Net assets | (liabilities) recognised in the Balance Sheet as at March 31, 2013

1 3UHVHQW YDOXH RI GHÀQHG EHQHÀW REOLJDWLRQ

41.32

36.20

2 Fair value of plan assets

41.32

36.86

3 )XQGHG VWDWXV ^VXUSOXV _ GHÀFLWV `

0.66

Net assets | (liabilities)

0.66

Reconciliation of net assets | (liabilities) recognised in the Balance Sheet as at March 31, 2013

1 Net assets | (liabilities) at beginning of the year

(0.66)

(0.50)

2 Employer expenses

4.60

3.17

3 Employer contribution

(3.94)

(3.33)

Net assets | (liabilities) at the end of the year

(0.66)

Actual return on plan assets

3.46

0.98

Actuarial assumptions

1 Discount rates

8.00%

8.50%

2 Expected rate of return on plan assets

8.76%

8.60%

3 Expected rate of salary increase

7.00%

6.50%

4 Mortality post-retirement

Indian Assured

Lives Mortality

(2006-08)

Ultimate

LIC (1994-96)

Major category of plan assets as a percentage of total plan

1 Unit linked insurance plan of various private insurance companies

approved by IRDA

88.98%

89.55%

2 In approved Government securities

11.02%

10.45%