GSK_Annual_Report_2021

Notes to the Consolidated Financial Statements for the year ended March 31, 2021 (contd.) Financial Statements GlaxoSmithKline Pharmaceuticals Limited 202 ( ` in lakhs) Year ended March 31, 2021 Year ended March 31, 2020 Gratuity Post retirement medical and other benefits Provident Fund Gratuity Post retirement medical and other benefits Provident Fund (Funded plan) (Non-funded plan) (Funded plans) (Funded plan) (Non-funded plan) (Funded plans) (iii) Amount recognised in the Statement of Profit and Loss Service Cost: Current service cost 7,32.30 63.74 13,69.22 7,05.70 37.50 13,82.19 Past service cost - - - - 23,79.58 - Net interest expense 1,61.40 4,25.30 - 5,90.06 2,76.97 - Less : Employee Cost adjusted against provision for Vemgal - - (11.57) - - - Components of defined benefit costs recognised in the Statement of Profit and Loss 8,93.70 4,89.04 13,57.65 12,95.76 26,94.05 13,82.19 (iv) Amount recognised in Other Comprehensive Income Remeasurement on the net defined benefit liability: Return on plan assets (excluding amounts included in net interest expense) 51.20 - 7,62.92 2,63.07 - 7.79 Actuarial gain / (loss) arising from changes in demographic assumptions (21.64) 4.87 - - - - Actuarial gain / (loss) arising from changes in financial assumptions (1,39.03) (38.80) - (5,59.16) (3,85.52) - Actuarial gain / (loss) arising from changes in experience adjustments (53.66) (76.68) (7,62.92) (26.41) 2,51.96 (7.79) Components of defined benefit costs recognised in Other Comprehensive Income (1,63.13) (1,10.61) - (3,22.50) (1,33.56) - (v) Amount recognised in the Balance Sheet Present value of obligations as at year end 108,55.24 66,21.23 616,75.48 99,85.25 63,63.71 579,20.62 Fair value of plan assets as at year end 91,56.28 - 616,75.48 75,62.98 - 579,20.62 Net (asset) / liability recognised as at year end 16,98.96 66,21.23 - 24,22.27 63,63.71 - (vi) The major categories of plan assets are as follows: Government of India Securities 3% 49% 6% 47% Other debt instruments 1% 34% 11% 45% Special Deposit Scheme 8% 9% 0% 0% Insurer managed funds 87% 0% 82% 0% Others 1% 8% 1% 8% (vii) Principal actuarial assumptions used Discount rate (p.a.) 6.90% 6.90% 6.90% 6.95% 6.95% 6.95% Expected rate of return on plan assets (p.a.) 6.90% 9.20% 6.95% 9.12% Salary escalation rate 5.00% - 7.00% 5.00% - 7.00% Annual increase in health care premiums (p.a.) 5% 5%