2010-11 - Grasim

GRASIM BHIWANI
TEXTILES LIMITED
(v)
Rs. in Lacs
Rs. in Lacs
2011 2010
Change in fair value of the plan assets
Opening fair value of the plan assets 1246.11 1043.85
Expected return on plan assets 90.55 79.44
Acturial Gain/(Loss) 92.39 60.15
Contributions by the Employer 62.55 134.83
Benefits paid (62.55) (72.17)
Closing Fair value of the plan assets 1429.05 1246.11
(vi) Investment details of plan assets
Insurer Managed Fund 100% 100%
(vii) There are no amount included in the fair
value of plan assets for
:
a. There are no amount included in the fair
value of plan assets for :
(i) Company’s own financial instrument 1429.05 1246.11
(ii) Property occupied by or other assets
used by the Company
b. The overall expected rate of return on
assets is determined based on the market
prices prevailing on that date, applicable
to the period over which the obligation
is to be settled
(viii) Principal
Act
cturial
Assumptions at the Balance Sheet date
2011 2010
Discount /Rate 8.28% 8.27%
Estimated rate of return on plan assets 7.50% 7.50%
The estimates of future salary increases are
considered, taking into account of inflation,
seniority promotion and other relevant factors. 8.00% 8.00%
(ix)
Experience Adjustments
Defined Benefit Obligation 1383.90 1224.49
Plan Assets 1429.05 1246.11
Surplus/ (Deficit) 45.15 21.62
Experience adjustment on plan Liabilities 42.78 59.24
Experience adjustment on plan Assets 92.39 60.15
b) The obligation for compensated absence 9.40 30.94
is recognised in the same
manner as gratuity.
B. Defined Contribution Plans -
Amount recognized as an expense and
included in the schedule 17- “Contribution
to Provident & Other Funds. 292.04 263.76
10. Disclosure of Derivativ
ative Instrument
(Amount in Mln.)
Type of Instrument Type of Current Previous Cross
Exposure Currency Year Year Currency
A Forward Contracts Exports USD 0.94 2.48 INR
(for hedging of foreign (Receivables)
currency exposure)
B, Unhedged Foreign Currency Exposure as on 31st March 2011
(Amount in Mln.)
Type of Exposure Current Previous
Currency Year Year
Export (Receivables) USD 1.00 1.00
11. Additional information required under part-II of Schedule VI to the
companies Act, 1956 is as per Schedule 21.
As per our separate report attached
For G.P.KAPADIA & CO.
For and on behalf of the
Chartered Accountants Board of Directors
(ATUL B.DESAI) S.KRISHNAMOORTHY B. V. BHARGAVA
Partner President G. M. DAVE
S. K. SHARMA ADESH GUPTA
Place : Mumbai ROOPESH KUMAR Head (F&C) & PRANAB BARUA
Date : 20/04/2011 Company Secretary Manager Directors
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