Annual Reports - Indraprastha Gas Limited

For the year ended For the year ended
31 March 2009 31 March 2008
Key Management Personnel-Remuneration
Mr. Om Narayan Managing Director (upto 28 July, 2008) 1,296,955 1,438,570
Mr. Rajesh Vedvyas Managing Director 1,150,885
Mr. Manmonhan Singh Director (Commercial) 2,241,081 1,724,816
16. Expenditure in foreign currency
50
For the year ended For the year ended
31 March 2009 31 March 2008
(Rs.) (Rs.)
Travelling 35,852 121,256
17. Earnings in foreign currency
For the year ended For the year ended
31 March 2009 31 March 2008
(Rs.) (Rs.)
Sale of tender documents 53,005 401,012
18. Disclosure as required under Accounting Standard –15 (Revised) on “Employee Benefits” for Gratuity is as under:
A. Assumptions
Gratuity
31.03.2009 31.03.2008
Discount rate 7.50% 8.00%
Rate of return on plan assets 0.00% 0.00%
Salary Escalation 6.00% 5.50%
B. Change in benefit obligation
Gratuity
31.03.2009 31.03.2008
(Rs.) (Rs.)
Liability at the beginning of the year 6,118,860 4,611,080
Interest cost 458,915 368,886
Current service cost 1,927,281 1,448,742
Benefits paid 204,449 1,358,029
Actuarial (gain) / loss on obligations (544,412) 1,048,181
Liability at the end of the year 7,756,195 6,118,860
Amount Recognized in the balance sheet (7,756,195) (6,118,860)
C. Expenses recognized in the profit and loss account
Gratuity
31.03.2009 31.03.2008
(Rs.) (Rs.)
Current service costs 1,927,281 1,448,742
Interest cost 458,915 368,886
Actuarial (gain) / loss (544,412) 1,048,181
Expenses charged to the profit and loss account 1,841,784 2,865,809