Shriram City Union Finance Limited - Karvy

e) Cash Credit from Banks(Rs. in lacs)As at March 31,2010As at March 31,2009Cash Credit from Banks 1,45,372.61 1,09,715.19Secured by an exclusive charge by way of hypothecation of receivables relating to assets under financing.2. Gratuity and other post-employment benefit plans:The Company has an unfunded defined benefit gratuity plan. Every employee who has completed five years ormore of service gets a gratuity on separation at 15 days salary (last drawn salary) for each completed year ofservice.Consequent to the adoption of revised AS 15 ‘Employee Benefits’ issued by the ICAI, the following disclosureshave been made as required by the standard :Profit and Loss accountNet employee benefit expense (recognized in Employee Cost)(Rs. in lacs)GratuityParticularsMarch 31, 2010 March 31, 2009Current service cost 21.49 35.29Interest cost on benefit obligation 12.38 13.37Expected return on plan assets N.A N.ANet actuarial (gain) / loss recognized in the year (19.27) (39.51)Past service cost NIL NILNet benefit expense 14.60 9.15Actual return on plan assets N.A N.AF-66