Atul Ltd 2018-19

sūƥĚ ǨǮȦǬ /ŞƎŕūǋĚĚ ċĚŠĚǛƥ ūċŕĿijîƥĿūŠƙ ȳČūŠƥĿŠƭĚēȴ Sensitivity analysis ¹ĺĚ ƙĚŠƙĿƥĿǄĿƥǋ ūlj ƥĺĚ ēĚǛŠĚē ċĚŠĚǛƥ ūċŕĿijîƥĿūŠ ƥū ČĺîŠijĚƙ ĿŠ ƥĺĚ ǅĚĿijĺƥĚē ƎƑĿŠČĿƎîŕ îƙƙƭŞƎƥĿūŠƙ ĿƙȠ Particulars Change in assumptions TŞƎîČƥ ūŠ ēĚǛŠĚē ċĚŠĚǛƥ ūċŕĿijîƥĿūŠ Increase in assumptions Decrease in assumptions As at March 31, 2019 As at March 31, 2018 As at March 31, 2019 As at March 31, 2018 As at March 31, 2019 As at March 31, 2018 Discount rate 1.00% 1.00% (3.10%) (3.39%) 3.37% 3.70% Attrition rate 1.00% 1.00% (0.20%) (0.09%) 0.21% 0.10% Rate of return on plan assets 1.00% 1.00% (3.10%) (3.39%) 3.37% 3.70% Salary escalation rate 1.00% 1.00% 3.31% 3.67% (3.11%) ȳǩȦǪǩɼȴ The above sensitivity analyses are based on a change in an assumption while holding all other assumptions constant. In practice, this is unlikely to occur, and changes in some of the assumptions may be correlated. When calculating the sensitivity ūlj ƥĺĚ ēĚǛŠĚē ċĚŠĚǛƥ ūċŕĿijîƥĿūŠ ƥū ƙĿijŠĿǛČîŠƥ îČƥƭîƑĿîŕ îƙƙƭŞƎƥĿūŠƙȡ ƥĺĚ ƙîŞĚ ŞĚƥĺūē ȳƎƑĚƙĚŠƥ ǄîŕƭĚ ūlj ƥĺĚ ēĚǛŠĚē ċĚŠĚǛƥ obligation calculated with the projected unit credit method at the end of the reporting period) has been applied while calculating ƥĺĚ ēĚǛŠĚē ċĚŠĚǛƥ ŕĿîċĿŕĿƥǋ ƑĚČūijŠĿƙĚē ĿŠ ƥĺĚ îŕîŠČĚ ¬ĺĚĚƥȦ The methods and types of assumptions used in preparing the sensitivity analysis did not change as compared to the prior year. Major categories of plan assets are as follows: ( ` cr) Particulars As at March 31, 2019 As at March 31, 2018 Unquoted in % Unquoted in % Government of India assets 1.18 ǨȦǫǪɼ 1.18 2.60% Debt instruments Corporate bonds 1.05 2.26% 0.99 2.18% Investment funds Insurance fund ǪǧȦǪǧ 89.03% ǪǩȦǦǭ ǯǪȦǮǩɼ Others 2.71 5.83% 0.02 ǦȦǦǪɼ Special deposit scheme 0.16 ǦȦǩǪɼ 0.16 0.35% 46.51 100.00% 45.42 100% Risk exposure ¹ĺƑūƭijĺ Ŀƥƙ ēĚǛŠĚē ċĚŠĚǛƥ ƎŕîŠƙȡ ƥĺĚ ūŞƎîŠǋ Ŀƙ ĚǊƎūƙĚē ƥū î ŠƭŞċĚƑ ūlj ƑĿƙŒƙȡ ƥĺĚ Şūƙƥ ƙĿijŠĿǛČîŠƥ ūlj ǅĺĿČĺ îƑĚ ēĚƥîĿŕĚē below: i) Asset volatility The plan liabilities are calculated using a discount rate set with reference to bond yields, if plan assets underperform this ǋĿĚŕēȡ ƥĺĿƙ ǅĿŕŕ ČƑĚîƥĚ î ēĚǛČĿƥȦ qūƙƥ ūlj ƥĺĚ ƎŕîŠ îƙƙĚƥ ĿŠǄĚƙƥŞĚŠƥƙ îƑĚ ĿŠ ǛǊĚē ĿŠČūŞĚ ƙĚČƭƑĿƥĿĚƙ ǅĿƥĺ ĺĿijĺ ijƑîēĚƙ îŠē ĿŠ government securities. These are subject to interest rate risk. The Company has a risk management strategy where the îijijƑĚijîƥĚ îŞūƭŠƥ ūlj ƑĿƙŒ ĚǊƎūƙƭƑĚ ūŠ î ƎūƑƥljūŕĿū ŕĚǄĚŕ Ŀƙ ŞîĿŠƥîĿŠĚē îƥ î ǛǊĚē ƑîŠijĚȦ Šǋ ēĚǄĿîƥĿūŠƙ ljƑūŞ ƥĺĚ ƑîŠijĚ îƑĚ corrected by rebalancing the portfolio. The Company intends to maintain the above investment mix in the continuing years. 159 Standalone | Notes to the Financial Statements