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AMINES & PLASTICIZERS LTD

NOTES FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 3 1ST MARCH 201 9

37 Disclosure as required by Indian Accounting Standard 19“Employee Benefits”: -
In respect of Gratuity,defined benefit Plan (based on Actuarial Valuation) ( ` in lakhs)
Description As at 31st As at 31st
March 2019 March 2018
A. Expense recognised in the statement of Profit and Loss
In Income Statement
- Current Service Cost 10.03 27.05
- Interest Cost 15.05 12.53
- Expected return on plan assets (15.05) (12.53)
Net Cost 10.03 27.05
In Other Comprehensive Income
- Actuarial (Gain) / Loss 16.43 18.21
- Return On Plan Assets (2.72) 2.41
Net (Income)/ Expense For the period Recognised in OCI 13.71 20.62
B. Actual return on plan assets
- Expected return of plan assets (15.05) (12.53)
- Actuarial (gain) / loss on plan assets 2.72 (2.41)
- Actual return of plan assets (12.33) (14.94)
C. Net Asset / (Liability) recognised in the Balance Sheet
- Present value of the defined benefit obligations at the end of the period 62.64 45.60
- Fair value of plan assets at the end of the period (24.86) 11.93
- Funded status (surplus / (deficit)) (87.50) (33.67)
- Net Asset / (Liability) recognised in the Balance Sheet (87.50) (33.67)
D. Change in Present value of Obligation during the year
- Present value of obligation at the beginning of the year 45.60 21.76
- Current Service Cost 10.03 8.23
- Past Service Cost - 18.81
- Interest Cost 15.05 12.53
- Benefits paid 24.46 33.95
- actuarial (gain) / loss on obligation (16.43) (18.21)
- Present value of obligation at the end of the year 62.64 45.60
E. Change in Assets during the year
- Fair value of plan assets as at beginning of the year 11.93 60.83
- Expected return on plan assets (15.05) (12.53)
- Contributions made - -
- Benefits paid 24.46 33.95
- actuarial (gains) / loss on plan assets (2.72) 2.41
- Fair value of plan assets at the end of the year (24.86) 11.93
F. Major categories of plan assets as a percentage of total plan
- Mutual Fund 90% 90%
- Goverrnment Bonds 10% 10%
G. Actuarial Assumptions
- Discount rate 7.77% 7.78%
- Expected rate of return on assets 7.77% 7.78%
- Mortality Rate
Indian Indian
Assured Lives Assured Lives
(2006-08) (2006-08)
Ultimate Ultimate
- Future salary increases consider inflation,seniority, 2% 2%
promotion and other relevant factors
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NOTES TO THE ACCOUNTS