Amal Ltd | Annual Report 2022-23 Note 26.5 Employee benefit obligations Funded schemes a) Defined contribution plans Gratuity The gratuity fund is maintained with 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 (income) | expense recognised in Consolidated Statement of Profit and Loss 2.78 (0.89) 1.89 Remeasurement Loss from change in financial assumptions 2.07 - 2.07 Return on plan assets, excluding amount included in interest expense | (income) (1.08) 0.02 (1.06) Experience loss 0.44 - 0.44 Total (income) | expense recognised in other comprehensive income 1.43 0.02 1.45 Employer contributions - (2.09) (2.09) Liability for employee transferred - - - Benefits paid - - - As at March 31, 2022 liability | (asset) 13.24 (16.69) (3.45) Current service cost 4.98 - 4.98 Interest expense | (income) 0.84 (1.07) (0.23) Total (income) | expense recognised in Consolidated Statement of Profit and Loss 5.82 (1.07) 4.75 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 (1.20) (4.07) (5.27) Benefits paid - - - As at March 31, 2023 liability | (asset) 14.86 (21.72) (6.86)
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