Page 200 - Tata_Chemicals_yearly-reports-2020-2021

Integrated Annual Report 2020-21

2 Changes in the fair value of plan assets: ` in crore
As at March 31, 2021 As at March 31, 2020
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 79.19 - - - 81.37 - - -
Interest on plan assets 4.62 - - - 5.81 - - -
Employer's contributions 9.12 - - - (0.38) - - -
Remeasurement gain/(loss) -
Annual return on plan assets less interest
on plan assets 0.57 - - - (0.14) - - -
Benefits paid (9.16) - - - (7.47) - - -
Value of plan assets at the end of the
year 84.34 - - - 79.19 - - -
(Asset)/liability (net) 7.41 80.38 52.57 10.88 5.78 78.27 55.08 11.66

3 Net employee benefit expense for the year: ` in crore
As at March 31, 2021 As at March 31, 2020
Post Post
retirement Directors' Family retirement Directors' Family
Gratuity retirement benefit Gratuity retirement benefit
medical medical
benefits obligations scheme benefits obligations scheme
Current service cost 4.38 2.28 0.69 1.18 3.38 1.19 0.45 0.99
Past service cost 14.14 - - - - 7.55 - -
Interest on defined benefit obligation
(net) 0.18 4.68 3.25 0.68 (0.74) 3.55 3.22 0.76
Extinguishment to discontinued
operations - - - - - (2.08) - (1.06)
Components of defined
benefits costs recognised in the
Standalone Statement of Profit
and Loss 18.70 6.96 3.94 1.86 2.64 10.21 3.67 0.69
Remeasurement
Actuarial (gain) / loss arising from:
- Change in financial assumptions (2.80) (6.26) (3.05) (0.34) 9.21 18.19 10.18 1.17
- Experience changes (4.58) 3.14 (0.99) (1.27) 3.14 2.63 0.42 (0.76)
Impact of asset ceiling - - - - (0.17) - - -
Return on plan assets less interest on
plan assets (0.57) - - - 0.14 - - -
Components of defined benefits
costs recognised in other
comprehensive income (7.95) (3.12) (4.04) (1.61) 12.32 20.82 10.60 0.41
Net benefit expense 10.75 3.84 (0.10) 0.25 14.96 31.03 14.27 1.10

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