‘The estimate of future salary increase (which has been set in consultation with the company), take account of inflation, seniority, promotion and
other relevant factors, such as supply and demand in the employment market.

Amounts recognised in total comprehensive income in respect of these defined benefit plans are as follows:

Current Service Cost 12.40 14.80 18.70 1633
Net interest expense/ (income) (1.30) 1.00 2.40 0.37
Component of defined benefit cost recognised in P&L 11.10 15.80 21.10 16.70

Remeasurement on the net defined benefit liability comprising:

Actuarial (gain) /loss arising from changes in financial

25.60 (37.90) (17.40) 2155
assumptions

Actuarial (Gain)/ Losses due to Experience on DBO 6.10 (4.60) 25.40 (9.75)
Actuarial (gain) /loss arising from changes in financial ae (0.60) -
assumptions due to demographic assumption changes in DBO (9.10)

Return on Plan Assets (Greater) / Less than Disount rate (0.10) (1.40) 0.60 (0.18)
Components of defined benefit costs recognised in other ae aise 508 ak
comprehensive income

Total Defined Benefit Cost 33.60 (25.50) 29.10 28.32

‘The amount included in the balance sheet arising from the Company's obligation in respect of its defined benefit plans is as follows

Present value of defined benefit obligation 150.50 141.90 169.61 142.43
Fair value of plan assets 142.60 167.50 140.51 114.11
Net liability arising from defined benefit obligation (funded) (7.90) 25.60 (29.10) (2832)

Movements in the present value of the defined benefit obligation in the current period/year were as follows:

Opening defined benefit obligation 14189 169.61 142.43 113.92
Current Service Cost 12.40 14.75 18.65 1633
Interest Cost 6.30 10.66 12.40 8.34
Benefits paid (32.60) (13.20) (1134) (7.96)
Actuarial (gain) /loss 22.60 (39.93) TAT 1180
Closing defined benefit obligation 150.59 141.89 169.61 142.43

Movements in fair value of plan assets in the current period /year were as follows:

Opening fair value of plan assets 167.46 140.46 114.06 103.73
Interest income of the assets 7.60 9.70 9:96 7:96
Employer contribution : 29.10 2831 10.15
Benefits payout (32.60) (13.20) (1134) (7.96)
Actuarial (gain)/loss 0.10 1.40 (053) 0.18
Closing fair value of plan assets 142.56 167.46 140.46 114.06

 

The group funds the cost of the gratuity expected to be earned on yearly basis to SBI Life Insurance Company Lii
the plan assets.

ited, which manages

The actual return on plan assets 7.70 11.10 9.43 8.14

Significant actuarial assumptions for the determination of the defined obligation are discount rate and expected salary increase. The sensitivity
analysis below has been determined based on reasonably possible changes of the respective assumption occurring at the end of the reporting
period.

If the discount rate is 100 basis points higher/lower, the defined benefit obligation would

Decrease to 137.19 131.19 153.60 128.13
Increase to 166.29 154.29 188.49 159.41
If the expected salary is 100 basis points higher/lower, the defined benefit obligation would

Increase to 164.19 153.19 185.08 155.56
Decrease to 138.49 13189 155.73 130.44
If the attrition rate is 100 basis points higher/lower, the defined benefit obligation would

Increase to 152.19 144,99 170.46 142.98
Decrease to 148.79 138.29 168.63 141.95

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