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sūƥĚ ǨǮȦǬ /ŞƎŕūNjĚĚ ċĚŠĚǛƥ ūċŕĿijîƥĿūŠƙ ȳČūŠƥĿŠƭĚēȴ
Sensitivity analysis
¹ĺĚ ƙĚŠƙĿƥĿDŽĿƥNj ūlj ƥĺĚ ēĚǛŠĚē ċĚŠĚǛƥ ūċŕĿijîƥĿūŠ ƥū ČĺîŠijĚƙ ĿŠ ƥĺĚ DžĚĿijĺƥĚē ƎƑĿŠČĿƎîŕ îƙƙƭŞƎƥĿūŠƙ ĿƙȠ
Particulars
Change in assumptions
TŞƎîČƥ ūŠ ēĚǛŠĚē ċĚŠĚǛƥ ūċŕĿijîƥĿūŠ
Increase in
assumptions
Decrease in
assumptions
As at
March 31,
2019
As at
March 31,
2018
As at
March 31,
2019
As at
March 31,
2018
As at
March 31,
2019
As at
March 31,
2018
Discount rate
1.00% 1.00% (3.10%)
(3.39%)
3.37% 3.70%
Attrition rate
1.00% 1.00% (0.20%)
(0.09%)
0.21% 0.10%
Rate of return on plan assets
1.00% 1.00% (3.10%)
(3.39%)
3.37% 3.70%
Salary escalation rate
1.00% 1.00% 3.31% 3.67% (3.11%)
ȳǩȦǪǩɼȴ
The above sensitivity analyses are based on a change in an assumption while holding all other assumptions constant. In
practice, this is unlikely to occur, and changes in some of the assumptions may be correlated. When calculating the sensitivity
ūlj ƥĺĚ ēĚǛŠĚē ċĚŠĚǛƥ ūċŕĿijîƥĿūŠ ƥū ƙĿijŠĿǛČîŠƥ îČƥƭîƑĿîŕ îƙƙƭŞƎƥĿūŠƙȡ ƥĺĚ ƙîŞĚ ŞĚƥĺūē ȳƎƑĚƙĚŠƥ DŽîŕƭĚ ūlj ƥĺĚ ēĚǛŠĚē ċĚŠĚǛƥ
obligation calculated with the projected unit credit method at the end of the reporting period) has been applied while calculating
ƥĺĚ ēĚǛŠĚē ċĚŠĚǛƥ ŕĿîċĿŕĿƥNj ƑĚČūijŠĿƙĚē ĿŠ ƥĺĚ îŕîŠČĚ ¬ĺĚĚƥȦ
The methods and types of assumptions used in preparing the sensitivity analysis did not change as compared to the prior year.
Major categories of plan assets are as follows:
(
`
cr)
Particulars
As at March 31, 2019
As at March 31, 2018
Unquoted
in % Unquoted
in %
Government of India assets
1.18
ǨȦǫǪɼ
1.18
2.60%
Debt instruments
Corporate bonds
1.05
2.26%
0.99
2.18%
Investment funds
Insurance fund
ǪǧȦǪǧ
89.03%
ǪǩȦǦǭ
ǯǪȦǮǩɼ
Others
2.71
5.83%
0.02
ǦȦǦǪɼ
Special deposit scheme
0.16
ǦȦǩǪɼ
0.16
0.35%
46.51
100.00% 45.42
100%
Risk exposure
¹ĺƑūƭijĺ Ŀƥƙ ēĚǛŠĚē ċĚŠĚǛƥ ƎŕîŠƙȡ ƥĺĚ ūŞƎîŠNj Ŀƙ ĚNJƎūƙĚē ƥū î ŠƭŞċĚƑ ūlj ƑĿƙŒƙȡ ƥĺĚ Şūƙƥ ƙĿijŠĿǛČîŠƥ ūlj DžĺĿČĺ îƑĚ ēĚƥîĿŕĚē
below:
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
government securities. These are subject to interest rate risk. The Company has a risk management strategy where the
îijijƑĚijîƥĚ îŞūƭŠƥ ūlj ƑĿƙŒ ĚNJƎūƙƭƑĚ ūŠ î ƎūƑƥljūŕĿū ŕĚDŽĚŕ Ŀƙ ŞîĿŠƥîĿŠĚē îƥ î ǛNJĚē ƑîŠijĚȦ ŠNj ēĚDŽĿîƥĿūŠƙ ljƑūŞ ƥĺĚ ƑîŠijĚ îƑĚ
corrected by rebalancing the portfolio. The Company intends to maintain the above investment mix in the continuing
years.
159
Standalone
|
Notes to the Financial Statements