Company Overview Financial Statements Notice Statutory Reports 65 Rudolf Atul Chemicals Ltd | Annual Report 2020-21 Balance Sheet amount (Gratuity) (` lakhs) Particulars Present value of obligation Fair value of plan assets Net amount As at March 31, 2019 42.18 (37.59) 4.59 Current service cost 4.53 - 4.53 Interest expense | (income) 3.04 (2.71) 0.33 Total expense recognised in profit and loss 7.57 (2.71) 4.86 Remeasurements Return on plan assets, excluding amount included in interest expense | (income) - 0.45 0.45 (Gain) | Loss from change in demographic assumptions (0.40) - (0.40) (Gain) | Loss from change in financial assumptions 2.29 - 2.29 Experience (gains) | losses (3.61) - (3.61) Total loss recognised in other comprehensive income (1.72) 0.45 (1.27) Employer contributions - (4.59) (4.59) As at March 31, 2020 48.03 (44.44) 3.59 Current service cost 5.67 - 5.67 Interest expense | (income) 3.09 (2.86) 0.23 Total expense recognised in profit and loss 8.76 (2.86) 5.90 Remeasurements Return on plan assets, excluding amount included in interest expense | (income) - (0.59) (0.59) (Gain) | Loss from change in demographic assumptions 2.60 - 2.60 (Gain) | Loss from change in financial assumptions (2.47) - (2.47) Experience (gains) | losses 8.57 - 8.57 Total loss recognised in other comprehensive income 8.70 (0.59) 8.11 Employer contributions - (3.58) (3.58) Benefit payments (4.75) - (4.75) As at March 31, 2021 60.74 (51.47) 9.27 The net liability disclosed above relates to the following funded and unfunded plans: (` lakhs) Particulars As at March 31, 2021 As at March 31, 2020 Present value of funded obligations 60.74 48.03 Fair value of plan assets (51.47) (44.44) Deficit of gratuity plan recognised as provision (refer Note 14) 9.27 3.59
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