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Notes forming part of the Standalone Financial Statements as at 31 March, 2020
29. Current liabilities : Provisions

As at As at
31st March 2020 31st March 2019
Provision for employee benets
Employee Pension Scheme* 42.69 29.40
Gratuity* 13.53 11.73
Compensated Leave Absences 5.82 4.84
Post Retirement Medical Benets 0.02 0.02
62.06 45.99

*Net of the amount of Investments held by KRCL Employees Super Annuation Trust and KRCL
Employee's Gratuity Trust.

Leave Encashment: It represents un-availed leave to the credit of the employee and carried forward in
accordance with leave rules of the Corporation. As per KRCL Circular no. CO-13011(11)/1/2019-PERS
dtd 29.06.2020, as an austerity measure due to COVID-19, leave balance of each employee as of 31st
March 2020 is reduced by 30 days except for the employees who are on deputation or who are having
KRCL service of 10 years or less or those who are having less than 60 days leave as on 31st March 2020.
30 days leave adjustment for employees having less than 60 days as on 31st March 2020 will be
adjusted during FY 2020-21.

30.

2019-20 2018-19

670.77 677.02
Revenue 10.01 9.86

438.07 560.96
Revenue 7.87 8.23
1,126.72 1,256.07

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