GSK_ Annual_Report_2021-22

GlaxoSmithKline Pharmaceuticals Limited | Annual Report 2021-22 Notes to the Standalone Financial Statements for the year ended March 31, 2022 144 Based on the actuarial valuations obtained, the following table sets out the status of the gratuity plan, post retirement medical benefits and provident fund and the amounts recognised in the Company’s Standalone Financial Statements as at balance sheet date: ( ` in lakhs) Year ended March 31, 2022 Year ended March 31, 2021 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) (i) Change in Defined Benefit Obligation Opening defined benefit obligation 108,55.24 66,21.23 616,75.48 99,85.25 63,63.71 579,20.62 Amount recognised in Statement of profit and loss/Capitalised Current service cost 7,78.04 68.95 13,06.47 7,32.30 63.74 13,69.22 Past service cost - - - - - - Interest cost 7,13.53 4,40.35 42,03.58 6,61.71 4,25.30 39,35.09 14,91.57 5,09.30 55,10.05 13,94.01 4,89.04 53,04.31 Amount recognised in other comprehensive income Actuarial loss / (gain) arising from: Financial assumptions (51.10) (1,13.87) 5,04.93 1,39.03 38.80 - Demographic assumptions - - - 21.64 (4.87) - Experience adjustment 5,13.53 (1,54.82) (2,87.17) 53.66 76.68 7,62.92 4,62.43 (2,68.69) 2,17.76 2,14.33 1,10.61 7,62.92 Contributions by employee - - 39,22.56 - - 35,59.71 Liabilities assumed on acquisition/(settled on divestiture) - - (9,53.87) 19.86 - (5,32.60) Benefits paid (23,77.38) (3,40.93) (57,82.83) (7,58.21) (3,42.13) (53,39.48) Closing defined benefit obligation 104,31.86 65,20.91 645,89.15 108,55.24 66,21.23 616,75.48 (ii) Change in Fair Value of Assets Opening fair value of plan assets 91,56.28 - 616,75.48 75,62.98 - 579,20.62 Amount recognised in the Statement of Profit and Loss/Capitalised - - - - - - Expected return on plan assets 6,37.70 - 42,03.58 5,00.31 - 39,35.09 Amount recognised in other comprehensive income Actuarial gain / (loss) (52.85) - (2,87.17) 51.20 - 7,62.92 Contributions by employer 13,00.00 - 13,06.47 18,00.00 - 13,69.22 Contributions by employee - - 39,22.56 - - 35,59.71 Assets Acquired on acquisition/(settled on divestiture) - - (9,53.87) - - (5,32.60) Benefits paid (23,77.38) - (57,82.83) (7,58.21) - (53,39.48) Closing fair value of plan assets 86,63.75 - 640,84.22 91,56.28 - 616,75.48 Actual return on Plan Assets 5,84.85 - 39,16.41 5,51.51 - 46,98.01 (iii) Amount recognised in the Statement of Profit and Loss Service Cost: Current service cost 7,78.04 68.95 13,06.47 7,32.30 63.74 13,69.22 Past service cost - - - - - - Net interest expense 75.83 4,40.35 - 1,61.40 4,25.30 - Less : Capitalised - - (3.95) - - - Less : Employee Cost adjusted against provision for Vemgal - - - - - (11.57)