Atul Ltd 2020-21

139 Statutory Report 22 - 87 Financial Statements 88 - 229 Corporate Overview 01 - 21 Note 28.6 Employee benefit obligations (continued) ( ` cr) Particulars Present value of obligation Fair value of plan assets Net amount As at March 31, 2019 46.51 (46.51) - Current service cost 2.57 - 2.57 Interest expense | (income) 3.36 (3.36) - Total amount recognised in profit and loss 5.93 (3.36) 2.57 Remeasurement Return on plan assets, excluding amount included in interest expense - 0.50 0.50 Loss from change in financial assumptions 1.83 - 1.83 Experience (gain) (0.27) - (0.27) Total amount recognised in other comprehensive income 1.56 0.50 2.06 Employer contributions - (4.63) (4.63) Benefit payments (5.28) 5.28 - As at March 31, 2020 48.72 (48.72) - Current service cost 3.03 - 3.03 Interest expense | (income) 3.04 (3.04) - Total amount recognised in profit and loss 6.07 (3.04) 3.03 Remeasurement Return on plan assets, excluding amount included in interest expense (0.14) (0.14) (Gain) from change in financial assumptions (0.31) - (0.31) Experience loss 1.52 - 1.52 Total amount recognised in other comprehensive income 1.21 (0.14) 1.07 Employer contributions - (4.06) (4.06) Benefit payments (3.20) 3.20 - Liability transferred out (0.04) - (0.04) As at March 31, 2021 52.76 (52.76) - The net liability disclosed above relates to the following funded and unfunded plans: ( ` cr) Particulars As at March 31, 2021 As at March 31, 2020 Present value of funded obligations 52.76 48.72 Fair value of plan assets (52.76) (48.72) Deficit of gratuity plan - - Significant estimates: Actuarial assumptions and sensitivity The significant actuarial assumptions were as follows: Particulars As at March 31, 2021 As at March 31, 2020 Discount rate 6.33% 6.24% Attrition rate 8.00% 14.00% Rate of return on plan assets 6.33% 6.24% Salary escalation rate 7.62% 8.40%