2010-11 - Grasim

UltraTec
ech Cement Limited
SCHEDULE 21 (Contd.)
17. Employee Benefits:
(a) Defined Benefit Plans as per Act
ctuarial
Valuation on March 31, 2011:
1: ` in Crores
2010-1
0-11 2009-1
09-10
Gratuit
uity Post
Gratuit
uity
Post
Retire-
Retire-
Pension
ment
Pension
ment
Funded
Others
Medical Funded
Others
Medical
Benefits
Benefits
(i)
Change in defined benefit
obligation
Opening Balance
of Present value of
Defined benefit Obligation 52.10 0.28 0.74 0.56 41.98
0.20 0.82 0.61
Addition on account of
obligation Transferred from
SCL as on 01.07.2010,
pursuant to scheme of
Amalgamation 98.05 - 7.83 - - - - -
Adjustment of:
Current Service Cost 11.51 0.07 3.79 0.05 - -
Interest Cost 11.03 0.06 0.55 0.04 3.24 0.05 0.06 0.04
Actuarial Losses / (Gain) 9.53 0.01 0.20 - 4.14 (0.02) (0.07) (0.05)
Benefits Paid (7.17) (0.05) (3.00) (0.03) (1.69) (0.07) (0.04)
Past Service Cost 2.83 - - - 0.64 - - -
Obligation during the year - - 15.15 - - - -
Closing Balance of
Present value of
Defined Benefit
Obligation 177
77.88
.88 0.37 21.47
.47 0.57 52.10 0.28 0.74 0.56
(ii)
Change in Fair
air
Value of Assets
Opening Balance of
Fair
air Value of
Plan Assets
44.84 - - - 40.36 - - -
Addition on account
of Fair Value of Plan
Assets transferred from
SCL as on 01.07.2010,
pursuant to scheme of
amalgamation 95.69 - - - - - - -
Adjustment of:
Expected Return on
Plan Assets 9.95 - - - 3.91 - - -
Contribution by the
employer 17.85 - 3.00 0.03 2.26 - 0.07 0.04
Benefits Paid (7.17) - (3.00) (0.03) (1.69) - (0.07) (0.04)
Closing Balance of
Fair
Value of Plan Assets
161
61.1
.16 - - - 44.84 - - -
89 ⊳