Page 158 - Kolte Patil AR 2019-20

Notes forming part of the standalone financial statements
NOTE 35 - EMPLOYEE BENEFITS (Contd.)
iii. Changes in the fair value of plan assets during the year representing reconciliation of opening and closing balances thereof are
as follows:
Particulars
Fair value of plan assets at the beginning of the year Interest income
Contributions from the employer
Re-measurement gain / (loss) :
Return on plan assets, excluding amount recognized in Interest Income - Gain / (Loss)
Mortality charges & taxes
Benefits paid
Transfer In/(Out)
Amount paid on settlement
Fair value of Plan assets as on the end of the year Actual returns on plan assets
iv. Analysis of Defined Benefit Obligations
Particulars
Defined benefit obligations as at 31st March
Fair value of plan assets as at 31st March
Net asset/(liability) recognised in Balance sheet
Year ended March 31, 2020 250 16 16
(H in Lakhs) Year ended
March 31, 2019
222 18 60
v. In respect of funded benefits with respect to gratuity, the fair value of plan assets represents the amounts invested through “Insurer Managed Funds”
vi. Expenses recognized in the statement of profit and loss Particulars
Current service cost
Past service cost
Net interest expense
Transfer In/(Out)
Components of defined benefit costs recognised in profit or loss
vii. Amount recognised in statement of Other Comprehensive Income Particulars
Actuarial (gain)/loss
(i) arising from changes in demographic assumption
(ii) arising from changes in financial assumption
(iii) arising from changes in experience assumption
Total amount recognised in the statement of other comprehensive income
As at March 31, 2020 111 - 32 (30) 112
As at March 31, 2020
(4) (13) (3) (20)
(H in Lakhs)
As at March 31, 2019 107 - 30 - 137
(H in Lakhs) As at
March 31, 2019
(36) 47 (28) (17)
156 | Kolte-Patil Developers Limited
(5) (58) 3 - 223 20
As at March 31, 2020
(780) 223 (557)
(6) (44) - - 250 17
(H in Lakhs) As at
March 31, 2019
(726) 249 (477)
1-