Page 220 - Kolte Patil AR 2019-20

Notes forming part of the Consolidated Financial Statements

Year ended Year ended
Particulars
March 31, 2020 March 31, 2019
Re-measurement gain (loss) :
Return on plan assets, excluding amount recognized in Interest Income - Gain / (Loss) (5) 2
Mortality charges & taxes (59) (7)
Benefits paid (3) (86)
Amount paid on settlement - -
Fair value of plan assets as on the end of the year 389 398
Actual returns on plan assets 33 28

iv. Analysis of Defined Benefit Obligations
(H in Lakhs)
As at As at
Particulars
March 31, 2020 March 31, 2019
Defined benefit obligations (1,126) (981)
Fair value of plan assets 389 398
Reclassified to prepaid assets - -
Net asset/(liability) recognised in Balance sheet (737) (583)

v. In respect of funded benefits with respect to gratuity, the fair value of plan assets represents the amounts invested through “Insurer
Managed Funds”
vi. Expenses recognised in the Statement of profit and loss

(H in Lakhs)
Year ended Year ended
Particulars
March 31, 2020 March 31, 2019
Current service cost 160 153
Net interest expense 40 40
Past service cost 3 -
Total 203 193
vii. Amount recognised in other comprehensive income
(H in Lakhs)
Year ended Year ended
Particulars
March 31, 2020 March 31, 2019
Actuarial (gain)/loss
(i) arising from changes in demographic assumption (24) (40)
(ii) arising from changes in financial assumption (10) 20
(iii) arising from changes in experience assumption (3) (28)
Total amount recognised in the statement of other comprehensive income / (loss) (37) (48)

218 | Kolte-Patil Developers Limited