ICICI Bank 2012 Annual Report Download - page 161
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F83
forming part of the Consolidated Accounts (Contd.)
schedules
Experience adjustment
` in million
Particulars
Year ended
March 31,
2012
Year ended
March 31,
2011
Year ended
March 31,
2010
Year ended
March 31,
2009
Year ended
March 31,
2008
Plan assets ......................................................................... 9,379.5 8,467.4 1,839.9 2,145.3 1,490.1
Defined benefit obligations ............................................... 9,602.7 8,842.9 1,748.7 1,932.2 1,678.1
Amount not recognised as an asset
(limit in para 59(b) of AS 15 on ‘employee benefits’) ...... — — 7.7 51.2 —
Surplus/(deficit) ................................................................. (223.2) (375.5) 83.5 161.9 (188.0)
Experience adjustment on plan assets ............................. 51.7 69.1 (130.7) 144.8 (117.9)
Experience adjustment on plan liabilities ......................... 2,692.3 689.7 196.9 6.6 (121.9)
Gratuity
The following tables set forth, for the periods indicated, reconciliation of opening and closing balance of the present
value of the defined benefit obligation for gratuity benefits of the Group.
` in million
Gratuity
Particulars Year ended
March 31, 2012
Year ended
March 31, 2011
Defined benefit obligation liability
Opening obligations ............................................................................................ 5,943.4 3,089.6
Add: Adjustment for exchange fluctuation on opening obligation .................... 5.9 0.2
Adjusted opening obligations .............................................................................. 5,949.3 3,089.8
Service cost .......................................................................................................... 549.3 460.1
Interest cost ........................................................................................................... 497.4 391.9
Actuarial (gain)/loss .............................................................................................. (83.9) (375.7)
Past service cost ................................................................................................... —10.2
Transitional obligation/(asset) .............................................................................. ——
Addition due to amalgamation ............................................................................ —2,773.1
Liability assumed on acquisition/(settled on divestiture) ................................... 23.5 3.7
Benefits paid ......................................................................................................... (677.7) (409.7)
Obligations at the end of year ............................................................................ 6,257.9 5,943.4
Opening plan assets, at fair value ...................................................................... 5,855.8 3,073.1
Expected return on plan assets ............................................................................ 438.7 278.9
Actuarial gain/(loss) .............................................................................................. 23.1 (90.5)
Addition due to amalgamation ............................................................................. —803.0
Contributions ......................................................................................................... 63.5 2,190.5
Asset acquired on acquisition/(distributed on divestiture) .................................. 20.9 10.5
Benefits paid .......................................................................................................... (677.7) (409.7)
Closing plan assets, at fair value ......................................................................... 5,724.3 5,855.8
Fair value of plan assets at the end of the year ................................................... 5,724.3 5,855.8
Present value of the defined benefit obligations at the end of the year ............. 6,257.9 5,943.4
Unrecognised past service cost............................................................................ 10.8 25.5
Amount not recognised as an asset
(limit in para 59(b) of AS on ‘employee benefits) ................................................ 1.2 4.9
Asset/(liability)...................................................................................................... (524.0) (67.1)