annual-report-FY2021

336 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS 31. Employee Benefits (contd.) Rupees crores Funded Plan Unfunded Plans Gratuity Gratuity* Post retirement medical benefits Post retirement housing allowance Particulars 2021 2020 2021 2020 2021 2020 2021 2020 Add/(less): Deconsolidation/sale of subsidiary. ....................... (4.08) — (2,583.82) 1.46 — — — — Foreign exchange translation difference. ... 0.55 12.09 194.75 64.56 — — — — Closing defined benefit obligation........................ 1,240.08 1,211.25 312.11 2,570.85 52.46 35.31 88.17 83.50 4 Changes in fair value of plan assets Opening fair value of plan assets....................... 1,082.77 926.75 — — — — — — Interest income............... 58.98 59.32 — — — — — — Return on plan assets excluding interest income............................. 13.27 (3.87) — — — — — — Contributions by employer......................... 114.32 191.72 — — 1.52 0.99 6.13 4.20 Benefits paid................... (98.18) (110.75) — — (1.52) (0.99) (6.13) (4.20) Add/(less): Deconsolidation/sale of subsidiary. ....................... (7.08) — — — — — — — Foreign exchange translation difference. ... (2.24) 19.60 — — — — — — Closing fair value of plan assets....................... 1,161.84 1,082.77 — — — — — — 5 Net defined benefit obligation Defined benefit obligation........................ 1,240.08 1,211.25 312.11 2,570.85 52.46 35.31 88.17 83.50 Fair value of plan assets .............................. 1,161.84 1,082.77 — — — — — — Surplus/(Deficit). ............. (78.24) (128.48) (312.11) (2,570.85) (52.46) (35.31) (88.17) (83.50) Current portion of the above............................... (8.42) (10.22) (26.79) (12.78) (1.90) (1.37) (7.37) (5.70) Non current portion of the above........................ (69.82) (118.26) (285.32) (2,558.07) (50.56) (33.94) (80.80) (77.80)