Investor Presentaiton
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH, 2023
Particulars
Employer's Contribution
Benefits Paid
Return on plan assets, excluding amount recognised in net interest expense
Fair Value of Plan Assets as at the end.
iii)
Expenses Recognised in the Income Statement
Particulars
Current Service Cost
Past Service Cost
Net Interest Cost / (Income) on the Net Defined Benefit Liability / (Asset)
Payable/(Recoverable) to/from a subsidiary company
Expenses Recognised in the Income Statement
iv) Other Comprehensive Income
Particulars
Actuarial (gains) / losses
- change in demographic assumptions
- experience variance (i.e. Actual experience vs assumptions)
-
change in financial assumptions
Return on plan assets, excluding amount recognised in net interest expense
Payable/(Recoverable) from a subsidiary company
Components of defined benefit costs recognised in other comprehensive income
v)
Major categories of Plan Assets (as percentage of Total Plan Assets)
Particulars
Funds managed by Insurer
MRP
Year Ended
31.03.2023
(24.25)
(1.29)
445.13
(Crores)
Year Ended
31.03.2022
46.00
(22.79)
0.80
438.67
Year Ended
31.03.2023
24.24
(Crores)
Year Ended
31.03.2022
23.21
0.89
3.12
(0.74)
24.39
(0.64)
25.69
Year Ended
31.03.2023
(Crores)
Year Ended
31.03.2022
(8.66)
(21.36)
9.38
8.18
1.29
(0.80)
0.14
(0.09)
2.15
(14.07)
As at
31.03.2023
As at
31.03.2022
100%
100%
- In the absence of detailed information regarding Plan assets which is funded with Insurance Company, the composition of each major
category of Plan assets, the percentage or amount for each category to the fair value of Plan assets has not been disclosed.
- The group gratuity Policy with LIC includes employees of MRF Corp Ltd., a Subsidiary Company.
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