170 Atul Ltd | Annual Report 2021-22 Note 28.6 Employee benefit obligations (continued) The assumptions used in determining the present value of obligation: Particulars 2021-22 2020-21 i) Mortality rate Indian assured lives mortality 2012-14 (Urban) Indian assured lives mortality (2006-08) Ultimate ii) Withdrawal rate 5% pa for all age groups 5% pa for all age groups iii) Rate of discount 6.41% 6.33% iv) Expected rate of interest 8.10% 8.50% v) Retirement age 60 years 60 years vi) Guaranteed rate of interest 8.10% 8.50% b) Defined contribution plans Provident and other funds Amount of ` 14.33 cr (March 31, 2021: ` 12.87 cr) {net of ` 0.06 cr (March 31, 2021: ` 0.17 cr) from the Pradhan Mantri Rojgar Protsahan Yojana} is recognised as expense and included in Note 25 ‘Contribution to provident and other funds’. Compensated absences Amount of ` 7.94 cr (March 31, 2021: ` 7.62 cr) is recognised as expense and included in Note 25 ‘Salaries, wages and bonus’. c) The Parliament of India has approved the Code on Social Security, 2020 (the Code), which may impact the contributions by the Company towards provident fund, gratuity and ESIC. The Ministry of Labour and Employment, Government of India, has released draft rules for the Code on November 13, 2020. Final rules are yet to be notified. The Company will assess the impact of the Code when it comes into effect and will record related impact, if any. Note 28.7 Fair value measurements Financial instruments by category (` cr) Particulars As at March 31, 2022 As at March 31, 2021 FVTPL FVTOCI Amortised cost FVTPL FVTOCI Amortised cost Financial assets Investments: Equity instruments - 642.26 - - 578.17 - Preference shares - - 1.81 - - 3.44 Government securities - - 0.01 - - 0.01 Bonds 113.11 - - 15.40 - - Mutual funds 539.54 - - 717.81 - - Trade receivables - - 1,058.83 - - 713.53 Loans - - 375.74 - - 30.85 Security deposits for utilities and premises - - 2.18 - - 1.80 Dividends receivable - - 0.93 - - -
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