Shriram City Union Finance Limited - Karvy

Balance sheetDetails of Provision for gratuity(Rs in Lacs)GratuityParticularsMarch 31, 2010 March 31, 2009Defined benefit obligation 155.52 139.64Fair value of plan assets N.A N.ATotal 155.52 139.64Less: Unrecognized past service cost NIL NILPlan asset / (liability) (155.52) (139.64)Changes in the present value of the defined benefit obligation are as follows:(Rs. in Lacs)GratuityParticularsMarch 31, 2010 March 31, 2009Opening defined benefit obligation 139.64 133.18Interest cost 12.38 13.37Current service cost 21.49 35.29Benefits paid 1.28 (2.69)Actuarial (gains) / losses on obligation (19.27) (39.51)Closing defined benefit obligation 155.52 139.64The Company would not contribute any amount to gratuity in 2010-11 as the scheme is unfunded.The major categories of plan assets as a percentage of the fair value of total plan assets are as follows:Gratuity(Rs. In Lacs)ParticularsMarch 31, 2010 March 31, 2009% %Investments with insurer NA NAThe principal assumptions used in determining gratuity obligations for the company’s plan are shownbelow:F-67