Amal Ltd 2014-15

Amal Ltd | Annual Report 2014-15 Notes to the Financial Statements (` 000) No. Particulars Gratuity Leave encashment 2014-15 2013-14 2014-15 2013-14 i) Changes in present value of obligation Opening balance of present value of obligation 377 446 175 140 Interest cost 31 36 16 11 Current service cost 100 51 59 42 Benefits paid (82) 0 (21) (9) Actuarial (gain) | loss 65 (156) (10) (9) Closing balance of present value of obligation 491 377 219 175 ii) Changes in fair value of plan assets Opening balance of present value of plan assets 1,152 1,059 - - Expected return on plan assets 97 92 - - Contributions 0 0 - - Benefits paid (82) 0 - - Actuarial gain | (loss) on plan assets 1 1 - - Closing balance of fair value of plan assets 1,168 1,152 - - iii) Percentage of each category of plan assets to total fair value of plan assets as at March 31 Administered by Life Insurance Corporation of India Ltd 100% 100% - - iv) Reconciliation of present Value of defined benefit obligation and the fair value of assets Closing balance of present value of obligation 491 377 219 175 Closing balance of fair value of plan assets 1,168 1,152 - - (Asset) | Liability recognised in the Balance Sheet (677) (775) 219 175 v) Net asset | (liability) recognised in the Balance Sheet as at March 31 Closing balance of present value of obligation 491 377 219 175 Closing balance of fair value of plan assets 1,168 1,152 - - Funded (asset) | liability recognised in the Balance Sheet (677) (775) - - Unfunded (asset) | liability recognised in the Balance Sheet - - 219 175