Notice Statutory Reports Company Overview Financial Statements 67 Rudolf Atul Chemicals Ltd | Annual Report 2018-19 Balance Sheet amount (Gratuity) (` lakhs) Particulars Present value of obligation Fair value of plan assets Net amount As at March 31, 2017 25.67 (18.64) 7.04 Current service cost 3.18 - 3.18 Past service cost 3.39 3.39 Interest expense | (income) 1.80 (1.31) 0.48 Total expense recognised in the Statement of Profit and Loss 8.36 (1.31) 7.05 Remeasurements Return on plan assets, excluding amount included in interest expense | (income) - - - (Gain ) | Loss from change in demographic assumptions (0.23) - (0.23) (Gain ) | Loss from change in financial assumptions 0.82 - 0.82 Experience (gains) | losses 0.12 - 0.12 Total amount recognised in other comprehensive income 0.71 - 0.71 Employer contributions - (7.19) (7.19) As at March 31, 2018 34.74 (27.13) 7.60 Current service cost 4.26 - 4.26 Past service cost - - - Interest expense | (income) 2.71 (2.12) 0.59 Total expense recognised in the Statement of Profit and Loss 6.96 (2.12) 4.85 Remeasurements Return on plan assets, excluding amount included in interest expense | (income) - (0.73) (0.73) (Gain ) | Loss from change in demographic assumptions (0.30) - (0.30) (Gain ) | Loss from change in financial assumptions 0.63 - 0.63 Experience (gains) | losses 0.15 - 0.15 Total loss recognised in other comprehensive income 0.47 (0.73) (0.26) Employer contributions - (7.60) (7.60) As at March 31, 2019 42.18 (37.59) 4.59 The net liability disclosed above relates to funded and unfunded plans: (` lakhs) Particulars As at March 31, 2019 As at March 31, 2018 Present value of funded obligations 42.18 34.74 Fair value of plan assets (37.59) (27.13) Deficit of gratuity plan recognised as provision (refer note 15) 4.59 7.60
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