Page 297 - Tata_Chemicals_yearly-reports-2019-20

Integrated report Statutory reportS Financial StatementS
Consolidated

(C) The following tables set out the funded status and amounts recognised in the Group’s Consolidated Financial
Statements as at March 31, 2020 and March 31, 2019 for the Defined benefits plans:
i Changes in the defined benefit obligation:
` in crore
Year ended March 31, 2020 Year ended March 31, 2019
Funded Unfunded Funded Unfunded
At the beginning of the year 4,923.80 253.12 4,909.65 270.50
Current service cost 42.33 4.72 41.36 13.36
Interest cost 151.41 12.83 158.46 13.83
Remeasurements (gain)/loss
Actuarial (gain) / loss arising from:
- Changes in financial assumptions (40.98) 37.48 160.10 0.86
- Changes in demographic assumptions (14.65) (0.08) (108.06) (7.18)
- experience adjustments (3.40) (8.29) (60.64) (20.00)
Benefits paid (227.33) (17.53) (200.88) (14.33)
transfer out* (3.77) - (8.75) 0.34
past service cost 1.20 (25.00) 5.69 1.40
effect of curtailment - - (18.20) 0.30
exchange fluctuations 268.21 8.53 45.07 8.77
retiree drug subsidy reimbursement - - - 1.30
5,096.82 265.78 4,923.80 269.15
extinguishment due to discontinued operations - (3.14) - (16.03)
At the end of the year 5,096.82 262.64 4,923.80 253.12

ii Changes in the fair value of plan assets:
` in crore
Year ended March 31, 2020 Year ended March 31, 2019
Funded Unfunded Funded Unfunded
At the beginning of the year 3,881.08 - 3,788.69 -
Interest on plan assets 119.89 - 123.35 -
administrative expenses (12.81) - (11.25) -
Remeasurement (gain)/loss
annual return on plan assets less interest on plan assets (92.27) - 60.69 -
Contributions 59.78 - 95.56 -
Benefits paid (227.33) - (200.88) -
transfer out* - - (7.10) -
exchange fluctuations 197.57 - 32.02 -
Value of plan assets at the end of the year 3,925.91 - 3,881.08 -
Impact of assets ceiling - - (0.17) -
Liability (net) 1,170.91 262.64 1,042.89 253.12
* pertaining to Consumer products business, phosphatic fertiliser business and trading business of bulk and non-bulk fertilisers.

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