Scheduleforming part of the Balance Sheet - Domain-b

The Indian Hotels Company Limited
100
Schedule forming part of the Balance Sheet
Schedule 14 : Notes to the Balance Sheet and the Profit and Loss Account(Contd.)
ii. Expenses recognised in the Profit &Loss Account
Particulars Current Year
Rs. crores
Previous Year
Current Service Cost 4.40 3.42
Interest Cost 4.94 3.65
Expected return on Plan Assets (4.38) (4.30)
Actuarial Losses 2.67 9.48
Losses on “Acquisition”
Present value of available future refunds and
- (1.93)
reduction in future contributions
Net gratuity expenses included in payments to
- 0.65
and provision for employees 7.63 9.67
Actual Return on Plan Assets 10.32 5.23
iii. Reconciliation of Defined Benefit Obligation
Rs. crores
Particulars Current Year Previous Year
Opening Defined Benefit Obligation 62.42 50.32
Current Service Cost 4.40 3.42
Interest Cost 4.94 3.65
Actuarial Losses 8.61 10.41
Liabilities assumed on Amalgamation - -
Benefits Paid (5.57) (5.38)
Closing Defined Benefit Obligation 74.80 62.42
iv. Reconciliation of Fair value of Plan Assets
Rs. crores
Particulars Current Year Previous Year
Opening Fair value of Plan Assets 60.84 59.06
Expected return on Plan Assets 4.38 4.30
Actuarial Losses 5.94 0.93
Contributions by Employer 7.75 -
Assets acquired due to Amalgamation - 1.93
Benefits Paid (5.57) (5.38)
Closing Fair Value of Plan Assets 73.34 60.84
Expected Employers contribution Next year 2.00 1.50