Page 217 - Tata_Chemicals_yearly-reports-2019-20

Integrated report Statutory reportS Financial StatementS
Standalone

(c) The following tables set out the funded status and amounts recognised in the Company’s Standalone Financial Statements
as at March 31, 2020 for the Defined Benefit Plans.
1 Changes in the defined benefit obligation:
` in crore
As at March 31, 2020 As at March 31, 2019
Post Post
retirement Directors' Family retirement Directors' Family
Gratuity retirement benefit Gratuity retirement benefit
medical medical
benefits obligations scheme benefits obligations scheme
At the beginning of the year 75.41 48.93 43.12 11.51 82.04 65.20 39.40 13.58
Current service cost 3.38 1.19 0.45 0.99 3.81 2.71 0.39 1.43
Past service cost - 7.55 - - - - 1.40 -
Interest cost 5.07 3.55 3.22 0.76 5.17 5.00 2.94 1.00
Remeasurement (gain)/loss
Actuarial (gain) / loss arising from:
- Change in financial assumptions 9.21 18.19 10.18 1.17 0.26 0.38 0.25 0.04
- Change in demographic assumptions - - - - - 1.70 (0.71) (0.62)
- Experience adjustments 3.14 2.63 0.42 (0.76) 2.28 (9.99) 3.00 (1.70)
Transfer out * (3.77) - - - (8.75) - - -
Benefits paid (7.47) (1.69) (2.31) (0.95) (9.40) (1.33) (3.55) (0.93)
84.97 80.35 55.08 12.72 75.41 63.67 43.12 12.8
Extinguishment to discontinued operations - (2.08) - (1.06) - (14.74) - (1.29)
At the end of the year 84.97 78.27 55.08 11.66 75.41 48.93 43.12 11.51
* Pertaining to Consumer products business, Phosphatic fertiliser business and Trading business of bulk and non-bulk fertilisers.

2 Changes in the fair value of plan assets:
` in crore
As at March 31, 2020 As at March 31, 2019
Post Post
retirement Directors' Family retirement Directors' Family
Gratuity retirement benefit Gratuity retirement benefit
medical medical
benefits obligations scheme benefits obligations scheme
At the beginning of the year 81.37 - - - 87.83 - - -
Interest on plan assets 5.81 - - - 5.75 - - -
Employer's contributions (0.38) - - - 5.29 - - -
Remeasurement gain/(loss)
Annual return on plan assets less interest on (0.14) - - - (1.00) - - -
plan assets
Benefits paid (7.47) - - - (9.40) - - -
Transfer out * - - - - (7.10) - - -
Value of plan assets at the end of the year 79.19 - - - 81.37 - - -
Impact of asset ceiling - - - - (0.17) - - -
(Asset)/liability (net) 5.78 78.27 55.08 11.66 (5.79) 48.93 43.12 11.51
* Pertaining to Consumer products business, Phosphatic fertiliser business and Trading business of bulk and non-bulk fertilisers.

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