Amal Ltd 2017-18

87 Note 29 Employee benefit obligation (continued) ( ` 000) Particulars Gratuity 2017-18 2016-17 v) Expenses recognised in the Statement of Profit and Loss Current service cost 54 100 Net interest cost (60) (47) Expenses recognised in the Statement of Profit and Loss (6) 53 vi) Expenses recognised in Other Comprehensive Income (OCI) Actuarial losses on obligation for the year (36) (158) Return on plan assets excluding interest income (9) (6) Net expenses for the year recognised in OCI (45) (164) vii) Expected employer's contribution for the next year Nil Nil Significant estimates: Actuarial assumptions and sensitivity The significant actuarial assumptions were as follows: Particulars Gratuity 2017-18 2016-17 1. Discount rate 7.80% 6.50% 2. Attrition rate 9.70% 7.30% 3. Rate of return on plan assets 7.80% 6.50% 4. Salary escalation rate 8.27% and 6% 7.00% 5. Mortality rate Indian Assured Lives Mortality (2006-08) Ultimate Indian Assured Lives Mortality (2006-08) Ultimate Sensitivity analysis The sensitivity of the defined benefit obligation (DBO) to changes in the weighted principal assumptions is: Particulars Change in assumptions Impact on defined benefit obligation Increase in assumptions Decrease in assumptions Asat March31,2018 Asat March31,2017 Asat March31,2018 Asat March31,2017 Asat March31,2018 Asat March31,2017 Discount rate 1.00% 0.50% (2.90%) (5.20)% 3.20% (0.90)% Attrition rate 1.00% 1.00% (0.10%) (3.35)% 0.10% (2.86)% Salary escalation rate 1.00% 0.50% 3.20% (0.90)% (2.90%) (5.20)% Notes to the Financial Statements