president & cfo - UB Group

Schedules forming part of account for the year ended March 31, 2009 (Contd.)10. b) Defined Benefit Plan (Contd.)A) Reconciliation of opening and closing balancesof the present value of the defined benefitobligation:2009 2008Funded Non-Funded Funded Non-FundedGratuity PF Gratuity Pension Death-BenefitGratuity PF PensionRs MillionObligation at the beginning of the year 506.729 998.230 - - 3.854 451.227 799.633 - 3.525Death-BenefitOn amalgamation 8.212 54.746 0.505 17.450 - - - - -Contributions by plan participants - 114.921 - - - - 194.223 - -Current Service cost 56.310 106.378 0.060 9.925 10.957 75.237 69.316 - 0.329Interest cost 39.188 78.211 0.037 - - 36.098 65.432 - -Actuarial (gain)/ loss on obligations 48.277 - (0.023) - - (0.860) - - -Benefits paid (50.199) (183.650) (0.079) - - (54.973) (130.374) - -Obligation at the end of the year 608.517 1,168.836 0.500 27.375 14.811 506.729 998.230 - 3.854B) Reconciliation of opening and closing balancesof the fair value of plan assets:Plan Assets at the beginning of the year 423.665 938.021 - - - 414.821 747.196 - -On amalgamation 6.250 35.440 - - - - - - -Prior period adjustment - - - - - - - - -Contributions by plan participants - 114.921 - - - - 194.223 - -Contributions by the Company 86.044 55.722 0.079 - - 41.181 48.878 - -Expected return on plan assets 35.895 77.196 - - - 33.186 85.811 - -Actuarial gains / (losses) (6.499) 58.083 - - - (10.550) 12.287 - -Benefits paid (50.199) (183.650) (0.079) - - (54.973) (130.374) - -Plan assets at the end of the year 495.156 1,095.733 - - - 423.665 958.021 - -C) Reconciliation of present value of definedbenefit obligation and the fair value of planassets to the assets and liabilities recognised inthe balance sheet:Present value of obligation at the end of the year 608.517 1,168.836 0.500 27.375 14.811 506.729 998.230 - 3.854Fair value of plan assets at the end of the year 495.156 1,095.733 - - - 423.665 938.021 - -Liability/(Net Asset) Recognised in Balance Sheet 113.361 73.103 0.500 27.375 14.811 83.064 60.209 - 3.854[Included under Provisions in Schedule 12(B)]56