Page 231 - 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
Notes to the Consolidated and Separate Financial Statements
Tata Steel (Thailand) Public Company Limited
Notes to the Consolidated and Separate Financial Statements
For the year ended 31 March 2025
For the year ended 31 March 2025
Change in assumption
2025 2024 % %
1.00 1.00
1.00 1.00 20.00 20.00 from base from base assumption assumption
Separate financial statements
Increase (decrease) to employee benefit obligations
Increase in assumption
Decrease in assumption
Discount rate Salary growth rate Staff turnover rate
2025 Thousand Baht
(5,556) 6,156 (2,883)
2024 Thousand Baht
(5,329) 5,926 (2,757)
2025 Thousand Baht
6,452 (5,423) 3,206
2024 Thousand Baht
6,181 (5,223) 3,068
Sensitivity analysis for each significant assumption for employee benefit obligations - Other long-term benefits as at 31 March 2025 and 2024 are as follows:
Change in assumption
2025 2024 % %
1.00 1.00 20.00 20.00 from base from base assumption assumption
Change in assumption
2025 2024 % %
1.00 1.00 20.00 20.00 from base from base assumption assumption
Increase (decrease) to employee benefit obligations
Consolidated financial statements
Increase in assumption
Decrease in assumption
2025 Thousand Baht
2024 Thousand Baht
2025 Thousand Baht
4,345 2,036
2024 Thousand Baht
3,437 1,634
Discount rate Staff turnover rate
Discount rate Staff turnover rate
(3,892) (3,077) (1,915) (1,536)
Separate financial statements
Increase (decrease) to employee benefit obligations
Increase in assumption
Decrease in assumption 2025 2024 Thousand Thousand Baht Baht
545 416 525 409
2025 Thousand Baht
(486) (472)
2024 Thousand Baht
(371) (367)
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 of the defined benefit obligation to significant actuarial assumptions the same method has been applied as when calculating the retirement benefits recognised within the statement of financial position.
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