172 Atul Ltd | Annual Report 2022-23 Atul Ltd | Annual Report 2022-23 Atul Ltd Atul House G I Patel Marg Ahmedabad 380 014, Gujarat India Atul Ltd | Annual Report 2022-23 Reconnect | Reimagine | Regrow Corporate Overview Statutory Reports Financial Statements (` cr) Particulars Present value of obligation Fair value of plan assets Net amount As at March 31, 2021 52.76 (52.76) - Current service cost 3.53 - 3.53 Interest expense | (income) 3.34 (3.34) - Total amount recognised in profit and loss 6.87 (3.34) 3.53 Remeasurement (Gain) | loss from changes in demographic assumptions (1.62) - (1.62) (Gain) | loss from change in financial assumptions 5.45 0.05 5.50 Experience loss 2.87 - 2.87 Total amount recognised in other comprehensive income 6.70 0.05 6.75 Employer contributions - (9.98) (9.98) Benefit payments (5.04) 4.87 (0.17) Liability transferred (out ) | in (0.13) - (0.13) As at March 31, 2022 61.16 (61.16) - Current service cost 4.13 4.13 Interest expense | (income) 3.92 (3.92) - Total amount recognised in profit and loss 8.05 (3.92) 4.13 Remeasurement (Gain) | loss from changes in demographic assumptions 1.06 - 1.06 (Gain) | loss from change in financial assumptions (3.87) 0.06 (3.81) Experience loss (0.97) - (0.97) Total amount recognised in other comprehensive income (3.78) 0.06 (3.72) Employer contributions - (0.42) (0.42) Benefit payments (4.43) 4.43 - Liability transferred (out ) | in 0.01 - 0.01 As at March 31, 2023 61.01 (61.01) - The net liability disclosed above relates to the following funded and unfunded plans: (` cr) Particulars As at March 31, 2023 As at March 31, 2022 Present value of funded obligations 61.01 61.16 Fair value of plan assets (61.01) (61.16) Deficit of gratuity plan - - Significant estimates: Actuarial assumptions and sensitivity The significant actuarial assumptions were as follows: Particulars As at March 31, 2023 As at March 31, 2022 Discount rate 7.35% 6.41% Attrition rate 13.00% 15.00% Rate of return on plan assets 7.35% 6.41% Salary escalation rate 9.84% 10.70% Note 29.6 Employee benefit obligations (continued)
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