GSK_ Annual_Report_2021-22

Notes to the Consolidated Financial Statements for the year ended March 31, 2022 235 ( ` 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) Less : Employee Cost adjusted against provision for Vemgal - - - - - (11.57) Components of defined benefit costs recognised in the Statement of Profit and Loss 8,53.87 5,09.30 13,02.52 8,93.70 4,89.04 13,57.65 (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) (52.85) - (2,87.17) 51.20 - 7,62.92 Actuarial gain / (loss) arising from changes in demographic assumptions - - - (21.64) 4.87 - Actuarial gain / (loss) arising from changes in financial assumptions 51.10 1,13.87 - (1,39.03) (38.80) - Actuarial gain / (loss) arising from changes in experience adjustments (5,13.53) 1,54.82 2,87.17 (53.66) (76.68) (7,62.92) Components of defined benefit costs recognised in Other Comprehensive Income (5,15.28) 2,68.69 - (1,63.13) (1,10.61) - (v) Amount recognised in the Balance Sheet Present value of obligations as at year end 104,31.86 65,20.91 645,89.15 108,55.24 66,21.23 616,75.48 Fair value of plan assets as at year end 86,63.75 - 645,89.15 91,56.28 - 616,75.48 Net (asset) / liability recognised as at year end 17,68.11 65,20.91 - 16,98.96 66,21.23 - (vi) The major categories of plan assets are as follows: Government of India Securities 3% 50% 3% 49% Other debt instruments 0% 31% 1% 34% Special Deposit Scheme 8% 8% 8% 9% Insurer managed funds 88% 0% 87% 0% Equity instruments 0% 6% 0% 0% Others 1% 5% 1% 8% (vii) Principal actuarial assumptions used Discount rate (p.a.) 7.05% 7.05% 7.05% 6.90% 6.90% 6.90% Expected rate of return on plan assets (p.a.) 7.05% 8.79% 6.90% 9.20% Salary escalation rate 5.00% - 7.00% 5.00% - 7.00% Annual increase in health care premiums (p.a.) 5.00% 5.00%