UBHL annual report - United Spirits Limited

Notes to the financial statements for the year ended March 31, 2012 (Contd.)2012 2011Particulars Funded Non Funded Funded Non FundedGratuity PF Pension DeathBenefitRs. MillionGratuity PF Pension DeathBenefitA. Reconciliation of opening and closingbalances of the present value of thedefined benefit obligationObligation at the beginning of the year 930.137 1,459.897 22.801 18.442 726.736 1,296.174 24.212 16.673On amalgamation - - - - 35.540 - - -Contribution by Plan Participants - 163.881 - - - 109.007 - -Current service cost 74.717 109.548 6.394 45.683 81.615 3.843 1.769Interest cost 67.333 104.381 - 1.475 58.583 112.392 - -Actuarial (gain)/loss on obligations 164.222 - - 0.414 141.640 - - -Past service cost - (vested benefits) - - (5.040) - - - - -Benefits paid (176.941) (235.387) - - (78.045) (139.291) (5.254) -Obligation at the end of the year 1,059.468 1,602.320 24.155 20.331 930.137 1,459.897 22.801 18.442B. Reconciliation of opening and closingbalances of the fair value of planassetsPlan Assets at the beginning of the 718.068 1,357.567 - - 606.398 1,233.898 - -yearOn amalgamation - - - - 27.298 - - -Contribution by Plan Participants - 163.881 - - - 109.007 - -Contribution by the Company 211.819 93.043 - - 120.337 79.876 - -Expected return on plan assets 68.034 109.467 - - 60.573 100.695 - -Actuarial gains / (losses) (5.100) 5.485 - - (18.493) (26.618) - -Benefits paid (176.941) (235.387) - - (78.045) (139.291) - -Plan assets at the end of the year 815.880 1,494.056 - - 718.068 1,357.567 - -C. Reconciliation of Present Value ofDefined Benefit Obligation andthe fair value of plan assets to theassets and liabilities recognised in theBalance sheetPresent value of obligation at the endof the year 1,059.468 1,602.320 24.155 20.331 930.137 1,459.897 22.801 18.443Fair value of plan assets at the end ofthe year 815.880 1,494.056 - - 718.068 1,357.567 - -Liability/(Net Asset) Recognised inBalance Sheet 243.588 108.264 24.155 20.331 212.069 102.330 22.801 18.443D. Expenses recognized in the Statementof Profit and LossCurrent service cost 74.717 109.548 6.394 - 45.683 81.615 3.843 1.769Interest cost 67.333 104.381 - 1.475 58.583 112.392 - -Expected return on plan assets (68.034) (109.467) - - (60.573) (100.695) - -Actuarial (gains)/losses 169.322 (5.485) - 0.414 160.133 26.618 - -Total Expenses recognised in theStatement of Profit and Loss 243.338 98.977 6.394 1.889 203.826 119.930 3.843 1.76953