IRFC FINAL - Indian Railway Finance Corporation Ltd.

As a result of adopting AS - 15 (Revised) the transitional differences (Net of Tax) amounting to Rs.11.38 Lacs ason 01-04-2008 has been transferred to the opening balance of General Reserve.Disclosures as required under AS - 15 (Revised) are as follows:Table showing changes in Present Value of Defined Obligations as on 31.3.2009:(Rs. in Lacs)Gratuity(Non-Funded)Leave Encashment(Non-Funded)Present value of Defined Benefit Obligation at the beginning of13.94 12.97the yearInterest Cost 1.12 1.04Current Service Cost 1.09 0.96Benefits Paid -- (0.45)Actuarial (Gain) / Loss on obligations 6.37 6.37Present value of Defined Benefit Obligation at the end of the year 22.52 20.88Table showing changes in the Fair Value of Plan Assets as on 31.3.2009:(Rs. in Lacs)Gratuity(Non-Funded)Leave Encashment(Non-Funded)Fair Value of Assets at the beginning of the year 0 0Expected Return on plan assets 0 0Contributions 0 0Benefits Paid 0 0Actuarial (Gain) / Loss on plan assets Nil NilFair Value of Plan Assets at the end of the year 0 0Table showing Fair Value of Plan Assets as on 31.3.2009:Gratuity(Non-Funded)(Rs. Lacs)Leave Encashment(Non-Funded)Fair Value of Assets at the beginning of the year 0 0Actual Return on plan assets 0 0Contributions 0 0Benefits Paid 0 0Fair Value of Plan Assets at the end of the year 0 0Funded status 0 0Excess actual over estimated return on plan assetsNilNil(Actual rate of return = estimated rate of return as ARD fallson 31 st MarchActuarial Gain / Loss recognised as on 31.3.2009:(Rs. in Lacs)Gratuity(Non-Funded)Leave Encashment(Non-Funded)Actuarial Gain / (Loss) for the year-obligation -6.37 -6.37Actuarial Gain / (Loss) for the year plan assets Nil NilTotal (Gain) / Loss 6.37 6.37Actuarial (Gain) / Loss recognised in the year 6.37 6.3755