Airtel 2015 Annual Report Download - page 169

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Bharti Airtel Limited
NotesWRnjQDQFLDOVWDWHPHQWV
167
Standalone Financial Statements (IGAAP)
02-39 | Corporate Overview Financial Statements40-125 | Statutory Reports
126-355
For the year ended March 31, 2015:
(` Millions)
Particulars Gratuity #Leave Encashment #
Current service cost 240 142
Interest cost 127 64
Expected return on plan assets (6)   
Net actuarial (gain) / loss (84) (133)
Total * 277 73
Actual return on plan assets (76)   
# Included in salaries and wages (Refer Note 32)
* Includes charges towards gratuity and leave encashment for Key Managerial Personnel as these are provided on an actuarial basis for the Company
as a whole.
b) The assumptions used to determine the obligations are as follows :
For the year ended March 31, 2016:
(` Millions)
Particulars Gratuity Leave Encashment
Discount rate 8.00% 8.00%
Expected rate of increase in compensation levels 10.00% 10.00%
Expected rate of return on plan assets N.A. N.A.
Expected average remaining working lives of employees (years) 24.63 24.63
For the year ended March 31, 2015:
(` Millions)
Particulars Gratuity Leave Encashment
Discount rate 8.50% 8.50%
Expected rate of increase in compensation levels 10.00% 10.00%
Expected rate of return on plan assets 8.00% N.A.
Expected average remaining working lives of employees (years) 24.38 24.38
c) Reconciliation of opening and closing balances of obligations and plan assets is as follows:
For the year ended March 31, 2016
(` Millions)
Particulars Gratuity Leave Encashment
Change in Obligation
3UHVHQWYDOXHRIREOLJDWLRQDWEHJLQQLQJRI\HDU 1,587 720
Current service cost 247 145
Interest cost 135 61
%HQHǟWVSDLG (340) (145)
Acquisitions / transfer in / transfer out (7) 6
Actuarial (gain) / loss 46 (57)
Present value of obligation at year end 1,668 730
Change in plan assets :
)DLUYDOXHRISODQDVVHWVDWEHJLQQLQJRI\HDU  
Expected return on plan assets  
Actuarial gain / (loss)  
Amount received on redemption of plan assets  
Fair value of plan assets at year end      
Net funded status of the plan 1,668 730
Current Liabilities 454 730
Non-Current Liabilities 1,213 -