Airtel 2012 Annual Report Download - page 124

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122
BHARTI AIRTEL ANNUAL REPORT 2011-12
i. Defined Contribution Plans
Particulars For the year ended For the year ended
March 31, 2012 March 31, 2011
Employer’s Contribution to Provident Fund*@552 528
Employer’s Contribution to ESI* - 1
(``
``
` Millions)
* Included in Contribution to Provident and Other Funds (Refer Note 31)
@ Includes contribution to Defined Contribution Plan for Key Managerial Personnel.
ii. Defined Benefit Plans
For the year ended March 31, 2012:
Particulars Gratuity#Leave Encashment#
Current service cost 199 146
Interest cost 80 49
Expected return on plan assets (6) -
Actuarial (gain)/loss 52 (41)
Total * 325 154
(``
``
` Millions)
For the year ended March 31, 2011:
Particulars Gratuity#Leave Encashment#
Current service cost 191 147
Interest cost 60 40
Expected return on plan assets (6) -
Actuarial (gain)/loss 119 112
Total * 364 299
(``
``
` Millions)
# Included in Salaries and Wages (Refer Note 31)
* Included in above is the charge towards Defined Benefit Plan for Key Managerial Personnel for Gratuity and Leave Encashment as these are provided on an
actuarial basis for the Company as a whole.
b) The assumptions used to determine the benefit obligations are as follows :
For the year ended March 31, 2012:
Particulars Gratuity Leave Encashment
Discount rate 8.00% 8.00%
Expected rate of increase in compensation levels 9.00% 9.00%
Expected rate of return on plan assets 8.00% N.A.
Expected average remaining working lives of employees (years) 23.80 23.80
37. EMPLOYEE BENEFITS
a) During the year, the Company has recognized the following amounts in the Statement of Profit and Loss: