Amal Ltd | Annual Report 2022-23 Note 27.5 Employee benefit obligations Funded schemes a) Defined contribution plans Gratuity The gratuity fund is maintainedwith the Life Insurance Corporation of India and Bajaj Allianz Life Insurance under Group Gratuity scheme. (` lakhs) Particulars Present value of obligation Fair value of plan assets Net amount As at March 31, 2021 liability | (asset) 9.03 (13.73) (4.70) Current service cost 2.20 - 2.20 Interest expense | (income) 0.58 (0.89) (0.31) Total amount recognised in Statement of Profit and Loss 2.78 (0.89) 1.89 Remeasurement (Gain) | loss from change in financial assumptions 2.07 - 2.07 Return on plan assets, excluding amount included in interest expense (1.08) 0.02 (1.06) Experience loss 0.44 - 0.44 Total expense recognised in other comprehensive income 1.43 0.02 1.45 Employer contributions - (2.09) (2.09) As at March 31, 2022 liability | (asset) 13.24 (16.69) (3.45) Current service cost 3.41 - 3.41 Interest expense | (income) 0.84 (1.07) (0.23) Total (income) | expense recognised in Statement of Profit and Loss 4.25 (1.07) 3.18 Remeasurement (Gain) from change in financial assumptions (1.61) - (1.61) Return on plan assets, excluding amount included in interest expense 0.58 0.11 0.69 Experience (gain) (1.97) - (1.97) Total (income) | expense recognised in other comprehensive income (3.00) 0.11 (2.89) Employer contributions - (4.07) (4.07) As at March 31, 2023 liability | (asset) 14.49 (21.72) (7.23) The net liability disclosed above relates to following funded and unfunded plans:
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