Atul Ltd 2018-19

sūƥĚ ǨǮȦǬ /ŞƎŕūǋĚĚ ċĚŠĚǛƥ ūċŕĿijîƥĿūŠƙ ȳČūŠƥĿŠƭĚēȴ ii) Changes in bond yields A decrease in bond yields will increase plan liabilities, although this will be partially offset by an increase in the value of other bond holdings. The Company actively monitors how the duration and the expected yield of the investments are matching the expected Čîƙĺ ūƭƥǜūǅƙ îƑĿƙĿŠij ljƑūŞ ƥĺĚ ĚŞƎŕūǋĚĚ ċĚŠĚǛƥ ūċŕĿijîƥĿūŠƙȦ ¹ĺĚ ūŞƎîŠǋ ĺîƙ Šūƥ ČĺîŠijĚē ƥĺĚ ƎƑūČĚƙƙĚƙ ƭƙĚē ƥū ŞîŠîijĚ Ŀƥƙ ƑĿƙŒƙ ljƑūŞ ƎƑĚǄĿūƭƙ ƎĚƑĿūēƙȦ TŠǄĚƙƥŞĚŠƥƙ îƑĚ ǅĚŕŕ ēĿǄĚƑƙĿǛĚēȡ ƙƭČĺ ƥĺîƥ ƥĺĚ ljîĿŕƭƑĚ ūlj îŠǋ ƙĿŠijŕĚ ĿŠǄĚƙƥŞĚŠƥ ǅĿŕŕ not have a material impact on the overall level of assets. A large portion of assets consists insurance funds, although the Company also invests in corporate bonds and special deposit schemes. The plan asset mix is in compliance with the requirements of the respective local regulations. /ǊƎĚČƥĚē ČūŠƥƑĿċƭƥĿūŠƙ ƥū ƎūƙƥȹĚŞƎŕūǋŞĚŠƥ ċĚŠĚǛƥ ƎŕîŠƙ ljūƑ ƥĺĚ ǋĚîƑ ĚŠēĿŠij qîƑČĺ ǩǧȡ ǨǦǨǦ îƑĚ ` 2.57 cr. ¹ĺĚ ǅĚĿijĺƥĚē îǄĚƑîijĚ ēƭƑîƥĿūŠ ūlj ƥĺĚ ēĚǛŠĚē ċĚŠĚǛƥ ūċŕĿijîƥĿūŠ Ŀƙ ƙĿǊ ǋĚîƑƙ ȳǨǦǧǭȹǧǮȠ ƙĿǊ ǋĚîƑƙȴȦ ¹ĺĚ ĚǊƎĚČƥĚē ŞîƥƭƑĿƥǋ analysis of gratuity is as follows: ( ` cr) Particulars Less than a year Between 1 - 2 years Between 2 - 5 years Over 5 years Total 'ĚǛŠĚē ċĚŠĚǛƥ ūċŕĿijîƥĿūŠ ȳijƑîƥƭĿƥǋȴ As at March 31, 2019 12.29 ǬȦǩǪ 17.79 25.55 61.97 As at March 31, 2018 9.65 6.25 19.51 ǪǪȦǪǫ 79.86 Provident fund: The Company has established an employee provident fund trust for employees based at Ankleshwar location. It is administered by the Company to which both the employee and the employer make monthly contribution equal to 12% of basic salary of employee respectively. The contribution of the Company to the provident fund for all employees is charged to the Statement ūlj ¡ƑūǛƥ îŠē gūƙƙȦ TŠ ČîƙĚ ūlj îŠǋ ŕĿîċĿŕĿƥǋ îƑĿƙĿŠij ēƭĚ ƥū ƙĺūƑƥljîŕŕ ċĚƥǅĚĚŠ ƥĺĚ ƑĚƥƭƑŠ ljƑūŞ Ŀƥƙ ĿŠǄĚƙƥŞĚŠƥƙ îŠē ƥĺĚ îēŞĿŠĿƙƥĚƑĚē interest rate, the same is required to be provided for by the Company. The actuary has provided an actuarial valuation and indicated that the interest shortfall liability is ` Nil. The Company has contributed the following amounts towards provident fund during the respective period ended: ( ` cr) Expenses recognised for the year ended March 31, 2019 (included in Note 25) As at March 31, 2019 As at March 31, 2018 i) 'ĚǛŠĚē ċĚŠĚǛƥ ūċŕĿijîƥĿūŠ 10.29 ǯȦǪǮ ii) Funds 10.25 9.81 iii) Net assets | (liabilities) ȳǦȦǦǪȴ 0.33 iv) ĺîƑijĚ ƥū ƥĺĚ ¬ƥîƥĚŞĚŠƥ ūlj ¡ƑūǛƥ îŠē gūƙƙ ēƭƑĿŠij ƥĺĚ ǋĚîƑ 0.28 0.20 The assumptions used in determining the present value of obligation: Particulars 2018-19 2017-18 i) Mortality rate Indian Assured Lives Mortality ȳǨǦǦǬȹǦǮȴ ÀŕƥĿŞîƥĚ Indian Assured Lives Mortality ȳǨǦǦǬȹǦǮȴ ÀŕƥĿŞîƥĚ ii) Withdrawal rate 5% p.a. for all age groups 5% p.a. for all age groups iii) Rate of discount 7.22% 7.68% iv) Expected rate of interest 8.65% 8.55% v) Retirement age 60 years 60 years vi) Guaranteed rate of interest 8.65% 8.55% Corporate Overview 01-22 Statutory Reports 23-105 Financial Statements 107-250 160 Atul Ltd | Annual Report 2018-19