Scheduleforming part of the Balance Sheet - Domain-b
Scheduleforming part of the Balance Sheet - Domain-b
Scheduleforming part of the Balance Sheet - Domain-b
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Annual Report 2007-2008<br />
Schedule forming <strong>part</strong> <strong>of</strong> <strong>the</strong> <strong>Balance</strong> <strong>Sheet</strong><br />
Schedule 14 : Notes to <strong>the</strong> <strong>Balance</strong> <strong>Sheet</strong> and <strong>the</strong> Pr<strong>of</strong>it and Loss Account(Contd.)<br />
v. Description <strong>of</strong> Plan Assets<br />
Particulars Current Year Previous Year<br />
Government <strong>of</strong> India Securities 1% 2%<br />
Corporate Bonds 1% 1%<br />
Special Deposit Scheme 1% 1%<br />
Insurer Managed Funds 97% 96%<br />
Grand Total 100% 100%<br />
vi. Summary <strong>of</strong> Actuarial Assumptions<br />
Particulars Current Year Previous Year<br />
Discount Rate 7.85 % 7.75 %<br />
Expected rate <strong>of</strong> return on Assets 7.50 % 7.50 %<br />
Salary Escalation Rate 5.00 % 5.00 %<br />
Mortality<br />
Published notes under <strong>the</strong> LIC(1994-96)<br />
Mortality Tables<br />
(d) Details <strong>of</strong> unfunded post retirement defined benefit obligations are as follows :-<br />
i. Reconciliation <strong>of</strong> Defined Benefit Obligation<br />
Rs. crores<br />
Particulars Current Year Previous Year<br />
Opening Defined Benefit Obligation 2.55 2.53<br />
Current Service Cost 5.01 -<br />
Interest Cost 0.56 0.18<br />
Actuarial (Gain) / Losses (1.60) 0.06<br />
Benefits Paid (0.79) (0.22)<br />
Closing Defined Benefit Obligation 5.73 2.55<br />
ii. Expenses recognised in <strong>the</strong> Pr<strong>of</strong>it &Loss Account<br />
Particulars Current Year<br />
Rs. crores<br />
Previous Year<br />
Current Service Cost 5.01 -<br />
Interest Cost 0.56 0.18<br />
Actuarial (Gain) / Losses (1.60) 0.06<br />
Net expenses included in Payments to<br />
and Provision for Employees<br />
3.97 0.24<br />
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