Page 230 - Tata Steel One Report 2024-Eng-Ebook HY

Business Operation and Performance Driving Business Towards Sustainability Corporate Governance Policy Financial Statements Attachments
Tata Steel (Thailand) Public Company Limited
TNaotateSstteoetlh(TehCaoilnasnodli)dPautebdlicanCdoSmepanraytLeiFminitaendcial Statements
Notes to the Consolidated and Separate Financial Statements
For the year ended 31 March 2025
For the year ended 31 March 2025
The principal actuarial assumptions used for employee benefit obligations - Retirement benefits were as follows:
Consolidated financial statements
2025 2024 %%%%
Separate financial statements
2025 2024
Discount rates Salary growth rate Staff turnover rate
2.18 - 2.54 5.00 0.57 - 17.19
2.91 - 2.98 5.00 0.57 - 17.19
2.46
5.00 1.43 - 17.19
2.74
5.00 1.43 - 17.19
The principal actuarial assumptions used for employee benefit obligations - Other long-term benefits were as follows:
Separate financial statements
2025 2024 %%%%
2.02 - 2.34 2.69 2.02 2.69 0.57 - 17.19 0.57 - 17.19 1.43 - 17.19 1.43 - 17.19
Consolidated financial statements
2025 2024
Discount rates Staff turnover rate
Sensitivity analysis for each significant assumption for employee benefit obligations - Retirement benefits as at 31 March 2025 and 2024 are as follows:
Consolidated financial statements
Change in assumption
2025 2024 % %
1.00 1.00
1.00 1.00 20.00 20.00 from base from base assumption assumption
Increase (decrease) to employee benefit obligations
Increase in assumption
Decrease in assumption
Discount rate Salary growth rate Staff turnover rate
2025 Thousand Baht
(29,589) 32,709 (8,326)
2024 Thousand Baht
(28,384) 31,536 (8,016)
2025 Thousand Baht
34,348 (28,817) 8,913
2024 Thousand Baht
32,965 (27,754) 8,588
228 Tata Steel (Thailand) Public Company Limited