Amal Ltd 2011-12

Amal Ltd | Annual Report 2011-12 ( ` in ‘000) Sr. No. Particulars Gratuity Leave Encashment 2011-12 2010-11 2011-12 2010-11 (i) Changes in present value of obligation Opening balance of present value of obligation 326.27 277.47 125.75 87.51 Liability on transfer in | (out) of Employees (Net) (154.22) - (47.09) - Interest Cost 25.87 22.00 10.50 7.31 Current Service Cost 37.74 24.41 25.14 36.62 Benefits Paid - (71.94) - - Actuarial (Gain) | Loss (18.21) 74.33 (23.42) (5.69) Closing balance of present value of obligation 217.45 326.27 90.88 125.75 (ii) Changes in fair value of plan assets Opening balance of present value of plan assets 1,037.48 1,019.89 - - Planned Assets on transfer in|(out) of Employees (Net) - - - - Expected return on plan assets 83.00 92.58 - - Contributions - 3.27 - - Benefits Paid - (71.94) - - Actuarial (Gain) | Loss on Plan Assets 10.37 (6.32) - - Closing balance of fair value of plan assets 1,130.85 1,037.48 - - (iii) Percentage of each category of plan assets to total fair value of plan assets as at March 31 Administered by LIC of India 100% 100% - - (iv) Reconciliation of Present Value of Defined Present Obligation and the fair value of Assets Closing balance of present value of obligation 217.45 326.27 90.88 125.75 Closing balance of fair value of plan assets 1,130.85 1,037.48 - - (Asset) | Liability recognised in the Balance Sheet (913.40) (711.21) 90.88 125.75 (v) Net asset | (liability) recognised in the Balance Sheet as at March 31 Closing balance of Present value of obligation 217.45 326.27 90.88 125.75 Closing balance of Fair value of plan assets 1,130.85 1,037.48 - - Funded (Asset) | Liability recognised in the Balance Sheet (913.40) (711.21) - - Unfunded (Asset) | Liability recognised in the Balance Sheet - - 90.88 125.75 (vi) Expenses recognised in Statement of Profit & Loss Current Service Cost 37.74 24.41 25.14 36.62 Interest Cost 25.87 22.00 10.50 7.31 Expected return on plan assets (83.00) (92.58) - - Net Actuarial Loss | (Gains) (28.58) 80.64 (23.42) (5.69) Expenses recognised in Statement of Profit & Loss (47.97) 34.48 12.22 38.24 (vii) a) Experience adjustments On Plan Liabilities (Gain) | Loss (9.87) - (22.04) - On Plan Assets (Gain) | Loss 10.37 - - - Total Experience Adjustments (0.50) - - - b) Adjustment due to change in assumptions - - - - Notes to financial statements for the year ended March 31, 2012