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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 
 

Note
No.
(©) Other disclosures of defined benefit plans as required under Ind AS-19 are as under
Particulars For the three months period For the year ended
ended
30;Fun/2021| —30/Jun/2020| _31/Mar/2021| _S1/Mar/2020] _31/Mar/2019
Service cost

Current service cost 2.69 2.64 938 6.70 625

Interest cost 034 023 ox8 a2 ost
‘Components of defined benefit costs recognised in statement of profit or loss [B] 3.03 2.87 10.43 72 679

‘Actuarial (gain) / loss on plan obligations 0.33 021 G4) 215 3p

Difference between actual return and interest income on plan assets - (gain) /loss 021 026) 1.03 0.69 024
‘Components of defined benefit costs recognised in other comprehensive income [B] oss (0.06) 238) 2.84 07)
Total JA+B] 387 281 8.05 9.96 L2

(@) The amount included in the balance sheet arising from the entity's obligation in respect of defined benefit plan is as follows
Particulars Asat
So/Funi2021 | s0/Funi2020 | _31/Mar/2021] _31/Mar/2020] _31/Mar/2019

resent value of defined benefit obligation 29.84 2.87 26. 19.71 10.11

Less: Fair value of plan assets 5.22) 6.86) (5.60)] 50] 287)
‘Net liability recognised in the balance sheet 24.62 17.01 21.05 1420 724

‘Current portion ofthe above ¢ - :

Non current portion of the above 24.62 101 2 14.20 124

(©) Movement in the present value of the defined benefit obligation are as follows
Particulars ‘Asat
[3o;dun/2021 [30/Jun/2020 | 31/Mar/2021] 31/Mar/2020| _S1/Mari2019
Present value of defined benefit obligation at the beginning of the year 26.65 19.71 19.71 10.11 2
Expenses Recognised in statement of Profit & Loss
Current service cast 2.69 2.64 9, 6.70 625
Interest cost 043 032 125 075 065

Benefit paid (0.26) ©. :

Remeasurement gains / (loss)

Actuarial gain (loss) 033 021 G40) 2a an)

Present value of the defined benefit obligation at the end of the period /vear 29.84 22.87 26.65 19.71 10.11

(Movement in fair value of plan assets are as follows
Particulars ‘Asat
‘30/jun/2021 | 30/fun/2020 | 31/Mar/2021| 31/Mar/2020] _31/Mari2019
Fair value of plan assets at the beginning of the year 5.60 351 351 287 -
Interest income on plan assets 0.09 0.09 038 032 ou
Income recognised in statement of profit & loss

Expected retum on plan assets : : 2.03)| 0.68)| 024)
Remeasurement gains / (losses)

Actuarial gains/(Ioss) arising form changes in financial assumptions 020) 026 -
Contributions by employer (including benetit payments recoverable) 119 3.00 3.00
Benefit paid (026) : 045) -
Fair value of plan assets af the end of the period / vear 522, 5.86) 5.60) a 287

(@) Sensitivity analysis
Particulars For the period ended For the year ended
[30;Fun2021|30.Jun/2020 | _N/Mar/2021| _31/Mar/2020| _31/Mar/2019
resent value ofthe defined benelit obligation at the end of year 29.85 22.87 19.71 10.11
Impact of the change in the discount rate
Impact due to increase of 0.50! 28.99 2.16 19.11 9st
Impact due to decrease of 0.50% 30.74 23.61 27.46 2034 1.44
Impact of the change in the salary increase
Impact due to increase of 0.50% 30.71 2.18 2031 9st
Impact due to decrease of 0.5 2901 23.58 91 19.12 10.43

 

 

 

 

 

 

 

(“Sensitivities due to mortality & withdrawals are not material & hence impact of change not calculated.
(i) Sensitivities as to rate of inflation, rate of increase of pension in payment, rate of increase of pensions before retirement & life expectancy are not applicable being a lump sum benefit on

 

retirement.

251
