‘The sensitivity analysis presented above may not be representative of the actual change in the defined benefit obligation as it is unlikely that the
change in assumptions would occur in isolation of one another as some of the assumptions may be correlated.

Furthermore, in presenting the above sensitivity analysis, the present value of the defined benefit obligation has been calculated using the
projected unit credit method at the end of each reporting period, which is the same as that applied in calculating the defined benefit obligation
liability recognised in the balance sheet. There was no change in the methods and assumptions used in preparing the sensitivity analysis from
previous year.

Funding arrangements

‘The company has been fully funding the liability through a trust administered by an insurance company. Regular assessment of the increase in
liability is made by the insurance company and contributions are being made to maintain the fund. Subject to credit risk of the insurance
company & the asset liability mismatch risk of the investments, the Company will be able to meet the past service liability on the valuation date
that falls due in the future.

‘The group expects to make, to the defined benefit plans for the

next financial year, a contribution of . 16.70 12.80 4.91 18.90
Information on the maturity profile of the liabilities:

Weighted average duration of the DBO 12.80 years 8.46 years 13.48 years 14.49 years
Projected Benefit Obligation 150.50 141.89 169.61 142.43
‘Accumulated Benefits Obligation 135.00 114.90 9658 8355
Maturity Profile :

Year (i) 13.50

Year (ii) 9.30

Year (iii) 7.30

Year (iv) 8.80

Year (v) 6.20

Next 5 year pay-outs(6-10yrs) 31.90

Pay-outs above ten years 73.40

42. FINANCIAL INSTRUMENTS
42.a, Capital Management:

‘The Company manages its capital to ensure that it will be able to continue as going concern while maximising the return to stakeholders through
the optimisation of the debt and equity balance.

‘The Company manages its capital structure and makes adjustments to it, in light of changes to economic conditions and the strategic objectives of
the Company. To maintain or adjust the capital structure, the Company may adjust the dividend payment to shareholders, buy back shares and
cancel them, or issue new shares. The Company finances its operations by a combination of retained profit, bank borrowings, disposals of
property assets and leases.

‘The Company monitors the capital structure on the basis of total debt to equity and maturity profile of the overall debt portfolio of the Company.

December 31 March 312020 March 312019 March 312018

 

2020
Debt (long-term and short-term borrowings including current 8,901.12 10,406.49 9,852.63 8,466.83
maturities)
Equity 7,716.11 7,188.98 6,832.59 5,966.57
Debt Equity Ratio (times) 115 145 1.44 1.42

42.b. Financial risk management:

In course of its business, the Company is exposed to certain financial risks that could have significant influence on the Company's business and
operational / financial performance. These include market risk (including currency risk and interest rate risk), credit risk and liquidity risk.

‘The Board of Directors reviews and approves risk management framework and policies for managing these risks and monitors suitable
mitigating actions taken by the management to minimise potential adverse effects and achieve greater predictability to earnings.

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