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sūƥĚ ǨǮȦǬ /ŞƎŕūNjĚĚ ċĚŠĚǛƥ ūċŕĿijîƥĿūŠƙ ȳČūŠƥĿŠƭĚēȴ
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.
The Company actively monitors how the duration and the expected yield of the investments are matching the expected
Čîƙĺ ūƭƥǜūDžƙ îƑĿƙĿŠij ljƑūŞ ƥĺĚ ĚŞƎŕūNjĚĚ ċĚŠĚǛƥ ūċŕĿijîƥĿūŠƙȦ ¹ĺĚ ūŞƎîŠNj 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 DžĿŕŕ
not have a material impact on the overall level of assets.
A large portion of assets consists insurance funds, although the Company also invests in corporate bonds and special
deposit schemes. The plan asset mix is in compliance with the requirements of the respective local regulations.
/NJƎĚČƥĚē ČūŠƥƑĿċƭƥĿūŠƙ ƥū ƎūƙƥȹĚŞƎŕūNjŞĚŠƥ ċĚŠĚǛƥ ƎŕîŠƙ ljūƑ ƥĺĚ NjĚîƑ ĚŠēĿŠij qîƑČĺ ǩǧȡ ǨǦǨǦ îƑĚ
`
2.57 cr.
¹ĺĚ DžĚĿijĺƥĚē îDŽĚƑîijĚ ēƭƑîƥĿūŠ ūlj ƥĺĚ ēĚǛŠĚē ċĚŠĚǛƥ ūċŕĿijîƥĿūŠ Ŀƙ ƙĿNJ NjĚîƑƙ ȳǨǦǧǭȹǧǮȠ ƙĿNJ NjĚîƑƙȴȦ ¹ĺĚ ĚNJƎĚČƥĚē ŞîƥƭƑĿƥNj
analysis of gratuity is as follows:
(
`
cr)
Particulars
Less than a
year
Between 1 - 2
years
Between 2 - 5
years
Over 5 years
Total
'ĚǛŠĚē ċĚŠĚǛƥ ūċŕĿijîƥĿūŠ ȳijƑîƥƭĿƥNjȴ
As at March 31, 2019
12.29
ǬȦǩǪ
17.79
25.55
61.97
As at March 31, 2018
9.65
6.25
19.51
ǪǪȦǪǫ
79.86
Provident fund:
The Company has established an employee provident fund trust for employees based at Ankleshwar location. It is administered
by the Company to which both the employee and the employer make monthly contribution equal to 12% of basic salary of
employee respectively. The contribution of the Company to the provident fund for all employees is charged to the Statement
ūlj ¡ƑūǛƥ îŠē gūƙƙȦ TŠ ČîƙĚ ūlj îŠNj ŕĿîċĿŕĿƥNj îƑĿƙĿŠij ēƭĚ ƥū ƙĺūƑƥljîŕŕ ċĚƥDžĚĚŠ ƥĺĚ ƑĚƥƭƑŠ ljƑūŞ Ŀƥƙ ĿŠDŽĚƙƥŞĚŠƥƙ îŠē ƥĺĚ îēŞĿŠĿƙƥĚƑĚē
interest rate, the same is required to be provided for by the Company. The actuary has provided an actuarial valuation and
indicated that the interest shortfall liability is
`
Nil. The Company has contributed the following amounts towards provident
fund during the respective period ended:
(
`
cr)
Expenses recognised for the year ended March 31, 2019
(included in Note 25)
As at
March 31, 2019
As at
March 31, 2018
i)
'ĚǛŠĚē ċĚŠĚǛƥ ūċŕĿijîƥĿūŠ
10.29
ǯȦǪǮ
ii) Funds
10.25
9.81
iii) Net assets | (liabilities)
ȳǦȦǦǪȴ
0.33
iv)
ĺîƑijĚ ƥū ƥĺĚ ¬ƥîƥĚŞĚŠƥ ūlj ¡ƑūǛƥ îŠē gūƙƙ ēƭƑĿŠij ƥĺĚ NjĚîƑ
0.28
0.20
The assumptions used in determining the present value of obligation:
Particulars
2018-19
2017-18
i)
Mortality rate
Indian Assured Lives Mortality
ȳǨǦǦǬȹǦǮȴ ÀŕƥĿŞîƥĚ
Indian Assured Lives Mortality
ȳǨǦǦǬȹǦǮȴ ÀŕƥĿŞîƥĚ
ii) Withdrawal rate
5% p.a. for all age groups
5% p.a. for all age groups
iii) Rate of discount
7.22%
7.68%
iv) Expected rate of interest
8.65%
8.55%
v) Retirement age
60 years
60 years
vi) Guaranteed rate of interest
8.65%
8.55%
Corporate Overview 01-22
Statutory Reports 23-105
Financial Statements 107-250
160
Atul Ltd | Annual Report 2018-19