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137
The assumptions used in determining the present value of obligation of the interest rate guarantee under deterministic
approach are:
Particulars
2017-18
2016-17
i)
Mortality rate
Indian Assured Lives
Mortality (2006-08) Ultimate
Indian Assured Lives
Mortality (2006-08) Ultimate
ii)
Withdrawal rates
5% p.a. for
all age groups
6% p.a. for
all age groups
iii)
Rate of discount
7.68%
7.22%
iv)
Expected rate of interest
8.55%
8.65%
v)
Retirement age
60 years
60 years
vi)
Guaranteed rate of interest
8.55%
8.65%
b) Defined contribution plans:
Provident and other funds:
Amount of
`
9.60 cr (March 31, 2017:
`
9.36 cr) is recognised as expense and included in Note 24 ‘Contribution to
Provident and other funds’.
Compensated absences:
Amount of
`
0.71 cr (March 31, 2017:
`
5.99 cr) is recognised as expense and included in Note 24 ‘Salaries, wages and
bonus’.
Note 27.7 Fair value measurements
Financial instruments by category
(
`
cr)
Particulars
As at March 31, 2018
As at March 31, 2017
FVPL
FVOCI
Amortised
cost
FVPL
FVOCI
Amortised
cost
Financial assets
Investments:
Equity instruments
–
452.32
–
–
415.06
–
Preference shares
–
–
5.72
–
–
7.10
Government securities
–
–
0.01
–
–
0.01
Share application money
–
0.01
–
–
–
–
Trade receivables
–
–
717.68
–
–
507.06
Loans
–
–
7.07
–
–
12.19
Security deposits for utilities and premises
–
–
1.10
–
–
3.27
Dividends receivable
–
–
17.38
–
–
15.93
Derivative financial assets designated
as hedges
–
0.07
–
–
1.70
–
Finance lease receivable
–
–
1.25
–
–
1.38
Cash and bank balances
–
–
22.17
–
–
7.21
Other receivables
–
–
14.64
–
–
7.88
Total financial assets
– 452.40
787.02
– 416.76
562.03
Financial liabilities
Borrowings
–
–
0.01
–
–
155.23
Trade payables
–
–
470.46
–
–
329.06
Security deposits
–
–
19.80
–
–
19.30
Derivative financial liabilities designated as hedges
–
0.02
–
–
2.43
–
Derivative financial liabilities not designated as
hedges
–
–
–
5.07
–
–
Employee benefits payable
–
–
24.28
–
–
22.56
Creditors for capital goods
–
–
18.81
–
–
18.38
Other liabilities (Includes discount payables)
–
–
14.86
–
–
8.79
Total financial liabilities
–
0.02
548.22
5.07
2.43
553.32
Notes
to the Financial Statements
Note 27.6 Employee benefit obligations
(continued)