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Investor Presentaiton

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH, 2023 The principal assumptions used in determining the present value of obligation of the interest rate guarantee under deterministic approach are: Projection is restricted to five years or earlier, if retirement occurs. 140 2) Expected guaranteed interest rate - 8.15% ( Previous Year -8.10%) Discount rate -7.50% (Previous Year - 7.30%) During the year, the company has recognised the following amounts in the Statement of Profit and Loss: Particulars i) Employer's contribution to Provident Fund and Family Pension Fund ii) Employer's contribution to Superannuation Fund (!!! iv) Leave Encashment - Unfunded Defined benefit obligation: (Crores) Year Ended 31.03.2023 Year Ended 31.03.2022 68.02 63.34 20.64 18.74 13.83 10.62 a) Post Retirement Medical Benefit - Unfunded 0.24 0.23 b) The valuation results for the defined benefit gratuity plan as at 31-3-2023 are produced in the tables below: i) Changes in the Present Value of Obligation Particulars Present Value of Obligation as at the beginning Current Service Cost Interest Expense or Cost Year Ended 31.03.2023 450.87 24.24 23.21 32.89 29.50 (Crores) Year Ended 31.03.2022 434.13 Re-measurement (or Actuarial) (gain) / loss arising from: - change in demographic assumptions - change in financial assumptions (8.66) (21.36) - experience variance (i.e. Actual experience vs assumptions) 9.38 8.18 Past Service Cost Benefits Paid Present Value of Obligation as at the end (24.25) 484.47 (22.79) 450.87 ii) Changes in the Fair Value of Plan Assets Particulars Fair Value of Plan Assets as at the beginning Investment Income Year Ended 31.03.2023 438.67 32.00 (Crores) Year Ended 31.03.2022 388.28 26.38
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