Amal Ltd 2013-14

57 ( ` ‘000 ) Sr No Particulars Gratuity Leave encashment 2013-14 2012-13 2013-14 2012-13 (iv) Reconciliation of present value of defined present obligation and the fair value of assets Closing balance of present value of obligation 377.19 445.86 174.26 139.58 Closing balance of fair value of plan assets 1,151.92 1,059.24 - - (Asset) | Liability recognised in the Balance Sheet (774.73) (613.38) 174.26 139.58 (v) Net asset | (liability) recognised in the Balance Sheet as at March 31 Closing balance of present value of obligation 377.19 445.86 174.26 139.58 Closing balance of fair value of plan assets 1,151.92 1,059.24 - - Funded (asset) | liability recognised in the Balance Sheet (774.73) (613.38) - - Unfunded (asset) | liability recognised in the Balance Sheet - - 174.26 139.58 (vi) Expenses recognised in the Statement of Profit and Loss Current service cost 51.42 50.59 41.61 36.50 Interest cost 35.67 19.03 11.17 7.95 Expected return on plan assets (92.15) (97.26) - - Net actuarial loss | (gains) (156.29) 329.80 (9.25) 38.30 Expenses recognised in the Statement of Profit and Loss (161.35) 302.16 43.53 82.75 (vii) Experience adjustments On plan liabilities (gain) | loss (149.96) 294.38 (6.74) 12.77 On plan assets gain | (loss) 0.53 (6.21) - - Total experience adjustments (150.49) 300.59 (6.74) 12.77 (viii) Expected employer’s contribution for the next year Nil Nil - - (ix) Disclosure as required under para 120(n): 2013-14 2012-13 2011-12 2010-11 2013-14 2012-13 2011-12 2010-11 (i) Present value of defined benefit obligation 377.19 445.86 217.45 326.27 174.26 139.58 90.88 125.75 (ii) Fair value of plan assets 1151.92 1059.24 1130.85 1037.48 - - - - (iii) Surplus | (deficit) in the plan 774.73 613.38 913.40 711.21 (174.26) (139.58) (90.88) (125.75) (iv) Experience adjustments on plan liabilities (gain)| loss (149.96) 294.38 (9.87) - (6.74) 12.77 (22.04) - (v) Experience adjustments on plan assets gain| (loss) 0.53 (6.21) 10.37 - - - - - Note : Since the Company had adopted Accounting Standard - 15 (Revised) - ‘Employee Benefits’ for the first time during the financial year ended March 31, 2011, hence the disclosure for gratuity and leave encashment figures as required by Para 120(n) have not been presented for the financial year prior to 2010-11.