Go Fashion (India) Limited {formerly known as Go Fashion (India) Private Limited}
Notes to the restated consolidated financial information
(Amount in 2 Millions, except for share data or as otherwise stated)

Note
No.
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(s)

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Other disclosures of defined benefit plans as required under Ind AS-19 are as under

 

Particulars

For the year ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

 

31/Mar/2019
Service cost

Current service cost 6.25

Interest cost 0.54
Components of defined benefit costs recognised in statement of profit or loss [B] 6.79

Actuarial (gain) /Toss on plan obligations 63)

Difference between actual return and interest income on plan assets - (gain) /loss 0.24
‘Components of defined benefit costs recognised in other comprehensive income [B] 6.07)
Total [A+B] L72
‘The amount included in the balance sheet arising from the entity's obligation in respect of defined benefit plan is as follows
Particulars As at

31/Mar/2019

Present value of defined benefit obligation 10.11

Less: Fair value of plan assets (2.87)
Net liability recognised in the balance sheet 724

Current portion of the above =

Non current portion of the above 7.24
Movement in the present value of the defined benefit obligation are as follows
Particulars As at

31/Mar/2019
Present value of defined benefit obligation at the beginning of the year 852
Expenses Recognised in statement of Profit & Loss
Current service cost 6.25
Interest cost 0.65

Benefit paid _

Remeasurement gains / (loss)

Actuarial gain (loss) (531)

Present value of the defined benefit obligation at the end of year 10.11
Movement in fair value of plan assets are as follows
Particulars As at

31/Mar/2019
Fair value of plan assets at the beginning of the year -
Interest income on plan 2 Out
Income recognised in statement of profit & loss

Expected return on plan assets (0.24)
Remeasurement gains / (losses)

Actuarial gains/(loss) arising form changes in financial assumptions -
Contributions by employer (including benefit payments recoverable) 3.00
Benefit paid z
Fair value of plan assets at the end of the year 2.87

 

Sensitivity analysi

 

 

Particulars

For the year ended
31/Mar/2019

 

Present value of the defined benefit obli

 

jon at the end of year
Impact of the change in the discount rate

Impact due to increase of 0.50%

Impact due to decrease of 0.50%
Impact of the change in the salary increase

Impact due to increase of 0.50%

Impact due to decrease of 0.50%

 

10.11

981
10.44

981
10.43

 

 

Sensitivities due to mortality & withdrawals are not material & hence impact of change not calculated.
Sensitiv
are not applicable being a lump sum benefit on retirement.

 

291

es as to rate of inflation, rate of increase of pension in payment, rate of increase of pensions before retirement & life expectancy
