Page 176 - Tata_Chemicals_yearly-reports-2017-18

2. Changes in the fair value of plan assets:
` in crore
Particulars As at 31 March 2018 As at 31 March 2017
Gratuity Post Directors’ Family Gratuity Post Directors’ Family
retirement retirement benefit retirement retirement benefit
medical obligations scheme medical obligations scheme
benefits benefits
At the beginning of the year 94.07 - - - 84.73 - - -
Interest on plan assets 6.14 - - - 6.29 - - -
Employer’s contributions 11.19 - - - 10.17 - - -
Remeasurement gain/(loss)
Annual return on plan assets less
interest on plan assets 2.68 - - - 1.21 - - -
Benefits paid (10.10) - - - (8.33) - - -
Transfer out * (16.15) - - - - - - -
87.83 - - - 94.07 - - -
Pertaining to discontinued operations
(note 31) (7.10) - - - (16.48) - - -
Value of plan assets at the end of the
year 80.73 - - - 77.59 - - -
Impact of asset ceiling (0.37) - - - - - - -
Liability (net) (7.07) 65.20 39.40 12.32 0.66 84.14 42.63 14.75
* Pertaining to urea and customised fertilisers business
3. Net employee benefit expense for the year:
` in crore
Particulars Year ended 31 March, 2018 Year ended 31 March, 2017
Gratuity Post Directors’ Family Gratuity Post Directors’ Family
retirement retirement benefit retirement retirement benefit
medical obligations scheme medical obligations scheme
benefits benefits
Current service cost 5.65 4.20 0.44 1.81 5.09 1.90 0.29 1.61
Past service cost 1.19 - - - - - - -
Interest on defined benefit obligation
(net) 0.02 5.71 2.83 1.15 0.12 3.30 2.42 1.17
Pertaining to discontinued operations (1.03) - - - (1.02) - - (0.28)
Components of defined benefits
costs recognised in the Statement of
Profit and Loss 5.83 9.91 3.27 2.96 4.19 5.20 2.71 2.50
Remeasurement
Actuarial (gain) / loss arising from:
- Change in financial assumptions (5.30) (11.51) (4.78) (0.82) 6.70 34.26 7.97 1.08
- Experience changes 6.46 (9.80) (0.54) (4.32) (2.45) 2.99 1.33 (0.93)
Impact of asset ceiling 0.37 - - - - - - -
Return on plan assets less interest on
plan assets (2.68) - - - (1.21) - - -
Components of defined benefits
costs recognised in other
comprehensive income (1.15) (21.31) (5.32) (5.14) 3.04 37.25 9.30 0.15
Net employee benefit expense 4.68 (11.40) (2.05) (2.18) 7.23 42.45 12.01 2.65

174 Annual Report 2017-18