MedPlus Health Services Limited (formerly known as MedPlus Health Services

Annexure- VIL

Notes to Restated Consolidated Financial Information

(All amounts are it Rs in millions except as others stated)

38 Employee benefits

1 Post Employment Benefits

A. Defined Benefits Plan - Grats
Gratuity nefits provided by the Group

 

 

Group has a defined benefit plan which provides for gratuity payments for its employees. Under the plan, every employee who has completed at least five years of service gets a gratuity on departure at 15 days salary
(based on last drawn basic salary) for each completed year of service. The scheme is partly funded with an insurance company in the form of a qualifying insurance policy managed by Life Insurance corporation of

India,

‘The components of gratuity cost recognised in the consolidated statement of profit and loss and other comprehensive income for the period/ years ended September 30,2021, September 30,2020, March 31, 2021, March

31, 2020 and March 31, 2019 consist ofthe following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Particulars Torthesixmonths  Forthesixmonths  Forthe yearended  Fortheyearended Forthe year ended
period ended period ended ‘March 31, 2021 March 31,2020 March 31,2019
September30,2021 September 30,2020
‘Changes in the present value of defined benefit obligations are as follows:
Defined benefit obligations at the beginning of the period/ year 303.26 26747 267.47 1340 8739
Current service cost 25:7 23 49:76 46.5 2712
Past service cost 078 243 - 5888 -
Interest on defined benefit obligations 9.65 1208 17.46 975 670
Benefit Payments from Plan Assets (0.03) (0.02) - - -
Benefits paid (436) (689) a7) 40.28) (873)
Re-measurements due to:
Remeasurements- due to change in assumptions (3:5) 1278 474 (2634) 318.
“Actuarial loss due to demographic assumptions (0.10) (085) - 0.20 -
Remeasurements- due to experience adjustment 2329) 220) 2879) 56.19 1774
Defined benefit obligations at the end of the period/year 307.94 278.10 305.26, 267.47 133.40
(Changes in the fair value of plan assets are as follows:
Fair value of plan assets atthe beginning ofthe period /year m7 517 5127 3490 3009
Employer contributions 179 043 31.93 19.42 741
Interest on plan assets 275 1st 464 321 241
Benefits paid (228) (342) (752) (5.00) (420)
Expenses (0.06) (0.05) (0.08) (0.06) (003)
Remeasurements-return on plan assets (203) (070) (252) (120) (0.78)
Plan assets at the end of the period/year 3790) 49.07, 772 327 3490)
Amount to be recognised in Statement of Profit and Loss:
Current service cost 25:7 23 4976 doa 2712
Past service cost 07s. 243 - 5886 -
Interest on not defined benefit liability, net 9.66 1208 17.46 974 565
Reimbursement Service Cost - - 0.06 - -
Excepted return on plan assets (224) (394) (482) (320) (2a)
Gratuity cost recognised in statement of profit and loss 3330 3873 2.66 Tr] 30.36
‘Remeasurement on the net defined benefit Liability:
Remeasurements - due to change in assumptions (3:5) 1278 474 (8:3) 318
Remeasurements - due to experience adjustment (232) 220) e877) 1773
Remeasurements -return on plan assets 202 3.5, 252 078.
Defined benefit costs recognised in other comprehensive income Gm) 6.07) aaa) 21.69)
Details ofthe employee benefits obligations and plan assets are provided below:
Present value of funded obligations 30794 278.10 303.26 26747 133.40
Fair value of plan assets 67:0) 49.07) 77) 127) G490)
[Net defined benefit liability recognised 220.08 229.03, 2554 216.20 9850)
Forthe sixmonths  Forthesixmonths  Forthe yearended  Fortheyearended For the year ended
period ended period ended March 31, 2021 March 31,2020 March 31, 2019
September 30,2021 September 30,2020
Current Habilitos wi a was eT Too
Non-cusrrent liabilities 176.90 17st 18351 1739 81.50,
220.08 229.05, 2554 216.20 3850)
Sensitivity Analysis:
Particulars Torthesixmonths Forthesivmonths Forthe yearended  Forthe yearended Torthe year ended
period ended period ended March 31, 2021 March 31,2020 March 31,2019
September 30,2021 September 30,2020
{@) Hifect of 1% change in assumed discount rate
=1% inerease (7.00) (1523) a677) (419) (730)
=1%% decrease 1864 17.08 1847 1497 824
(0) Effect of 1% change in assumed salary escalation rate
=1% inerease 1742 15.66 1837 1513 779
=1%% decrease (16:12) (454) 737) (14.66) (720)
(6) Effect of 1% change in assumed attrition rate
=19% inerease 21) (294) (920) (204) 251)
decrease 299 297 307 1. 278

  

 

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