Page 218 - Tata_Chemicals_yearly-reports-2019-20

3 Net employee benefit expense for the year:
` in crore
Year ended March 31, 2020 Year ended March 31, 2019
Post Post
retirement Directors' Family retirement Directors' Family
Gratuity retirement benefit Gratuity retirement benefit
medical obligations scheme medical obligations scheme
benefits benefits
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 on defined benefit obligation (net) (0.74) 3.55 3.22 0.76 (0.58) 5.00 2.94 1.00
Extinguishment to discontinued operations - (2.08) - (1.06) - (14.74) - (1.29)
Components of defined benefits costs 2.64 10.21 3.67 0.69 3.23 (7.03) 4.73 1.14
recognised in the Standalone Statement
of Profit and Loss
Remeasurement
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 changes 3.14 2.63 0.42 (0.76) 2.28 (9.99) 3.00 (1.70)
Impact of asset ceiling (0.17) - - - (0.23) - - -
Return on plan assets less interest on plan 0.14 - - - 1.00 - - -
assets
Components of defined benefits costs 12.32 20.82 10.60 0.41 3.31 (7.91) 2.54 (2.28)
recognised in other comprehensive
income
Net employee benefit expense 14.96 31.03 14.27 1.10 6.54 (14.94) 7.27 (1.14)

4 Categories of the fair value of total plan assets :
` in crore
As at As at
March 31, 2020 March 31, 2019
Gratuity Gratuity
Government of India Securities (Quoted) 7.10 7.55
Corporate Bonds (Quoted) 3.52 3.24
Fund Managed by Life Insurance Corporation of India (unquoted) 68.55 68.21
Others 0.02 2.37
Total 79.19 81.37
Each year an Asset-Liability-Matching study is performed in which the consequences of the strategic investment policies are analysed in
terms of risk-and-return profiles. Investment and contribution policies are integrated within this study.

216 I INTEGRATED ANNuAL REPORT 2019-20