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11 Employee Benefits<br />
The company liability on account of Employee benefits comprising Gratuity- a defined benefit scheme<br />
and compensated absences has been determined in accordance with the requirements of Accounting<br />
Standard (AS)-15 notified by the Companies (Accounting Standards) Rules, 2006. Disclosures<br />
required in terms of the requirement of AS-15.<br />
(Rupees in Lakhs)<br />
Expenses recoginsed in statement of profit and loss account<br />
Particulars Gratuity<br />
Compensated<br />
Absences<br />
Total<br />
Current Service Cost<br />
61.86 35.48 97.34<br />
9.04 9.44 18.48<br />
Interest Cost<br />
16.70 3.42 20.12<br />
10.12 1.46 11.58<br />
Actuarial (Gains)/Losses<br />
(3.94) 5.92 1.98<br />
(3.81) 2.31 (1.50)<br />
Total expense included in the Statement of Profit & Loss<br />
74.62 44.82 119.44<br />
15.35 13.21 28.56<br />
Net Liability recognized in Balance Sheet<br />
Present Value of Defined Benefit Obligation<br />
192.75 63.21 255.96<br />
135.52 27.73 163.25<br />
Fair Value on Plan Assets<br />
— — —<br />
— — —<br />
Net Liability recognised in Balance Sheet<br />
192.75 63.21 255.96<br />
135.52 27.73 163.25<br />
Change in Defined Benefit Obligations (DBO)<br />
Present Value of DBO at Beginning of Period / Year<br />
135.52 27.73 163.25<br />
126.48 18.29 144.77<br />
Current Service Cost<br />
61.86 35.48 97.34<br />
9.04 9.44 18.48<br />
Interest Cost<br />
16.70 3.42 20.12<br />
10.12 1.46 11.58<br />
Actuarial (Gains)/Losses<br />
(3.94) 5.92 1.98<br />
(3.81) 2.31 (1.50)<br />
Benefits Paid<br />
(17.39) (9.34) (26.73)<br />
(6.31) (3.77) (10.08)<br />
Present Value of DBO at the End of Period/Year<br />
192.75 63.21 255.96<br />
135.52 27.73 163.25<br />
Assumptions<br />
Interest / Discount Rate<br />
8.00%<br />
8.00%<br />
Rate of escalation in salary<br />
6.00%<br />
6.00%<br />
Attrition Rate<br />
3.00%<br />
6.00%<br />
Note: Figures in italics relate to previous year<br />
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