Amal Ltd 2016-17

87 Notes to the Financial Statements ( ` 000) Particulars Gratuity 2016-17 2015-16 (v) Expenses recognised in the Statement of Profit and Loss Current service cost 100 93 Net interest cost (47) (53) Expenses deducted from the fund 6 Expenses recognised in the Statement of Profit and Loss 53 46 (vi) Expenses recognised in Other Comprehensive Income (OCI) Actuarial losses on obligation for the year (158) (143) Return on plan assets excluding interest income (6) (18) Net expenses for the year recognised in OCI (164) (161) (vii) Expected employer's contribution for the next year Nil Nil (c) Other Long term benefits Long term compensated absences (Unfunded scheme) Leave encashment is payable to eligible employees who have earned leaves, during the employment and | or on separation as per the company’s policy Valuation in respect of leave encashment have been carried out by independent actuary, as at the Balance Sheet date, based on the following assumptions: ( ` 000) Particulars Compensated absences 2016-17 2015-16 2014-15 Present Value of unfunded obligations Discount rate (per annum) 6.50% 7.56% 7.80% Salary escalation rate (per annum) 7.00% 7.00% 7.00% Note 30 Corporate Social Responsibility Gross amount required to be spent - Nil Note 31 Disclosures on Specified Bank Notes (SBNs) ( ` 000) Particulars SBNs Other denomination notes Total Closing cash in hand as on November 08, 2016 7.00 0.70 7.70 (+) Permitted Receipts - 80.50 80.50 (-) Permitted Payments - 52.07 52.07 (-) Amount deposited in Banks 7.00 - 7.00 Closing cash in hand as on December 30, 2016 - 29.13 29.13