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essAR poRts limited (formerly known as essar shipping ports & logistics limited)<br />
(A) Changes in present value of defined benefit obligation:<br />
AnnuAl RepoRt <strong>2010</strong>-<strong>11</strong> ¬ 32<br />
Provident fund Gratuity-shore officers Gratuity-off shore officers CA-paid leave<br />
Particulars (funded) (funded) (non funded) (non funded)<br />
(` in crore)<br />
31.03.<strong>11</strong> 31.03.10 31.03.<strong>11</strong> 31.03.10 31.03.<strong>11</strong> 31.03.10 31.03.<strong>11</strong> 31.03.10<br />
Present value of defined<br />
benefit obligation – Opening<br />
Balance 16.69 17.40 0.79 0.53 1.95 2.80 1.16 0.54<br />
Current service cost<br />
Current service contribution-<br />
1.20 1.21 0.17 0.06 0.15 0.43 0.18 0.12<br />
employee 1.32 1.25 – – – – – –<br />
Interest cost 0.86 0.07 0.06 0.04 0.08 0.20 0.09 0.04<br />
Past service cost 0.67 –<br />
Acquisitions (4.19) 0.30 (1.57) – (2.26) – (1.33) –<br />
Benefits paid<br />
Actuarial (gain)/loss on<br />
(2.60) (2.22) (0.03) (0.06) (0.26) (0.02) (0.09)<br />
obligations<br />
Present value of defined<br />
0.78 (1.31) 0.21 0.22 0.08 (1.23) 0.45 0.55<br />
benefit obligation – closing 14.08 16.69 0.30 0.79 – 1.95 0.53 1.16<br />
(B) Changes in the fair value of plan asset:<br />
(` in crore)<br />
Provident fund Gratuity-shore officers Gratuity-off shore officers CA-paid leave<br />
Particulars (funded) (funded) (non funded) (non funded)<br />
31.03.<strong>11</strong> 31.03.10 31.03.<strong>11</strong> 31.03.10 31.03.<strong>11</strong> 31.03.10 31.03.<strong>11</strong> 31.03.10<br />
Fair value of plan assets as -<br />
Opening 16.69 17.40 0.79 0.77 – – – –<br />
Expected return on plan assets – 0.08 0.06 – – – –<br />
Actual return on plan assets<br />
Acquisition adjustment /<br />
1.65 (1.23) – – – – – –<br />
(transfer) (1.66) – (1.03) – – – – –<br />
Actuarial gains / (losses)<br />
Contributions by the<br />
– – 0.02 – – – – –<br />
employer/ employees 2.75 0.42 – 0.26 0.02 0.09<br />
Benefits paid<br />
Fair value of plan assets –<br />
(2.59) (2.22) (0.03) (0.05) (0.26) (0.02) (0.09)<br />
Closing 14.08 16.69 0.25 0.79 – – – –<br />
* Amount is less than ` 1 lakh<br />
(C) Amount recognised in balance sheet:<br />
Provident fund Gratuity-shore officers Gratuity-off shore officers CA-paid leave<br />
Particulars (funded) (funded) (non funded) (non funded)<br />
(` in crore)<br />
31.03.<strong>11</strong> 31.03.10 31.03.<strong>11</strong> 31.03.10 31.03.<strong>11</strong> 31.03.10 31.03.<strong>11</strong> 31.03.10<br />
Present value of defined<br />
benefit obligation<br />
Fair value of plan assets<br />
14.08 16.69 0.30 0.79 – 1.95 0.53 1.16<br />
as at 31st March, <strong>2010</strong><br />
Liability/(asset) recognised<br />
in the Balance Sheet<br />
(included in current liabilities<br />
14.08 (16.69) (0.25) (0.79) – – – –<br />
and provisions) (schedule 8) – – 0.06 – – 1.95 0.53 1.16
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