Download the Annual Report for 2010-11. - kiocl limited

TYPE OF PLANLONG TERM COMPENSATEDABSENCE - EARNED LEAVEPERIOD OF DISCLOSURE 01-04-2010 TO 31-03-2011I. PRINCIPAL ACTUARIAL ASSUMPTIONS 31-Mar-10 31-Mar-11[Expressed as weighted averages]Discount Rate 8.40% 8.20%Salary escalation rate 5.00% 5.00%Attrition rate 0.50% 0.50%Expected rate of return on Plan Assets 0.00% 0.00%In the following tables, all amounts are in Rupees,unless otherwise statedII. CHANGES IN THE PRESENT VALUE OF THE OBLIGATION (PVO) -RECONCILIATION OF OPENING AND CLOSING BALANCES:PVO as at the beginning of the period 1,298.12Interest Cost 100.15Current service cost 61.83Past service cost - (non vested benefits) -Past service cost - (vested benefits) -Benefits paid (211.84)Actuarial loss/(gain) on obligation (balancing figure) 417.58PVO as at the end of the period 1,665.84III. CHANGES IN THE FAIR VALUE OF PLAN ASSETS - RECONCILIATIONOF OPENING AND CLOSING BALANCES:Fair value of plan assets as at the beginning of the period -Expected return on plan assets -Contributions 211.83Benefits paid (211.83)Actuarial gain/(loss) on plan assets [balancing figure] -Fair value of plan assets as at the end of the period -IV. ACTUAL RETURN ON PLAN ASSETSExpected return on plan assets -Actuarial gain / (loss) on plan assets -Actual return on plan assets -V. ACTUARIAL GAIN / LOSS RECOGNIZEDActurial gain / (loss) for the period - Obligation (417.58)Actuarial gain / (loss) for the period- Plan Assets -Total (gain) / loss for the period 417.58Actuarial (gain) / loss recognized in the period 417.58Unrecognized actuarial (gain) / loss at the end of the year -107