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Annual Report 2011-12
142
Changes in the fair value of plan assets are as follows:
As at
(` in lacs)
As at
31 March, 2012 31 March, 2011
Fair value of plan assets in the beginning of the year 1,174.45 1,191.35
Expected return plan assets 93.96 101.21
Contributions by employer 180.73 107.25
Benefits paid (109.68) (169.37)
Actuarial gain/ (losses) on plan assets 4.00 (55.99)
Fair value of plan assets at the end of the year. 1,343.46 1,174.45
The major categories of plan assets as a percentage of the fair value of total plan assets are as follows:
As at
(` in lacs)
As at
31 March, 2012 31 March, 2011
Investments in Unit Linked Plan 100% 100%
The overall expected rate of return on assets is determined based on the market prices prevailing on that date, applicable to the
period over which the obligation is to be settled. There has been significant change in expected rate of return on assets due to
the improved stock market scenario.
The principal assumptions used in determining gratuity obligations for the HT Media Group’s plans are shown below:
(` in lacs)
As at
As at
31 March, 2012 31 March, 2011
Discount rate 6.5% - 8.6% 6.5% - 7.8%
Expected rate of return on plan assets
Employee turnover
7.5 % - 10% 7.5 % & 10%
upto 30 years 3% & 8% 3% & 8%
From 31 to 44 years 2% & 7% 2% & 7%
Above 44 years 1% & 0% 1% & 0%
The disclosure of the amount required by paragraph 120 (n) of AS-15 is not to be given for the FY 2007-08 as the Group
has adopted the standard with effect from financial year 2008-09
(` in lacs)
2011-12 2010-11 2009-10 2008-09
Defined Benefit Obligation 1,980.35 1,660.61 1,468.16 1271.40
Plan Assets 1,343.46 1,174.45 1,191.35 875.89
Deficit (636.89) (486.16) (276.81) (395.51)
Experience Adjustment on Plan Liabilities- (Gain)/Loss 5.16 3.83 (253.82) 84.28
Experience Adjustment on Plan Assets- (Gain)/Loss (1.75) (73.92) (137.65) (119.58)
(` in lacs)
Recognised under 2011-12 2010-11
Long Term Provisions 386.34 223.38
Short Term Provisions 250.55 262.78
(` in lacs)
Defined Contribution Plan: 2011-12 2010-11
Contribution to Provident Fund and others 1,411.97 1,284.12