Amal Ltd 2015-16

75 Notes to the Financial Statements ( ` 000) Particulars Gratuity 2015-16 2014-15 (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 benefit obligation and the fair value of assets Closing balance of present value of obligation 467 491 Closing balance of fair value of plan assets 1,271 1,168 (Asset) | Liability recognised in the Balance Sheet (803) (677) (v) Net asset | (liability) recognised in the Balance Sheet as at March 31 Closing balance of present value of obligation 467 491 Closing balance of fair value of plan assets 1,271 1,168 Funded (asset) | liability recognised in the Balance Sheet (803) (677) Unfunded (asset) | liability recognised in the Balance Sheet - - (vi) Expenses recognised in the Statement of Profit and Loss Current service cost 93 100 Interest cost 38 31 Expected return on plan assets (102) (97) Net actuarial loss | (gains) (150) 63 Expenses recognised in the Statement of Profit and Loss (121) 97 (vii) Experience adjustments On plan liabilities (gain) | loss (161) 51 On plan assets gain | (loss) (5) 1 Total experience adjustments (156) 50 (viii) Expected employer’s contribution for the next year Nil Nil Particulars Gratuity 2015-16 2014-15 2013-14 2012-13 2011-12 (ix) Disclosure as required under para 120(n): (i) Present value of defined benefit obligation 467 491 377 446 217 (ii) Fair value of plan assets 1,271 1,168 1,152 1,059 1,131 (iii) Surplus | (deficit) in the plan 803 677 775 613 913 (iv) Experience adjustments on plan liabilities (gain) | loss (161) 51 (150) 294 (10) (v) Experience adjustments on plan assets gain | (loss) (5) 1 1 (6) 10