MAHINDRA & MAHINDRA LTD. Consolidated Accounts 399 36. Employee Benefits (Continued) (c) Details of defined benefit plans as per actuarial valuation are as below : Rupees crores Particulars Funded Plan Unfunded Plans Gratuity and pension plans Gratuity and pension plans Post retirement medical benefits Post retirement housing allowance 2025 2024 2025 2024 2025 2024 2025 2024 (i) Amounts recognised in profit or loss: Current service cost........................... 116.70 99.70 13.53 32.90 0.56 1.02 2.51 2.22 Past service cost................................... 1.43 0.01 — — 5.25 (20.39) — — Net interest expense/(income).... (3.79) (7.86) 5.84 19.45 2.00 2.57 8.06 8.02 Total amount included in employee benefits expense ............ 114.34 91.85 19.37 52.35 7.81 (16.80) 10.57 10.24 (ii) Amounts recognised in other comprehensive income Remeasurement (gains)/losses: a) Actuarial (gains)/losses arising from changes in: – demographic assumptions. (4.65) (0.34) 7.24 (1.64) (0.05) 0.09 — — – financial assumptions.......... 21.87 14.14 (3.10) 23.94 0.52 0.48 3.30 2.50 – experience adjustments..... (7.16) (23.21) 2.56 (35.17) 0.21 (2.43) 3.18 0.08 b) Return on plan assets, excluding amount included in net interest expense/ (income)............................................. (14.67) (5.92) — — — — — — Total amount recognised in other comprehensive income..... (4.61) (15.33) 6.70 (12.87) 0.68 (1.86) 6.48 2.58 (iii) Changes in the defined benefit obligation Opening defined benefit obligation.................................................. 1,360.23 1,322.77 272.32 287.59 29.04 49.23 116.29 112.15 Current service cost......................... 116.70 99.70 13.53 32.90 0.56 1.02 2.51 2.22 Past service cost................................. 1.43 0.01 — — 5.25 (20.39) — — Interest expense.................................. 83.50 79.88 5.84 19.45 2.00 2.57 8.06 8.02 Remeasurements (gains)/ losses arising from changes in: – demographic assumptions. (4.65) (0.34) 7.24 (1.64) (0.05) 0.09 — — – financial assumptions.......... 21.87 14.14 (3.10) 23.94 0.52 0.48 3.30 2.50 – experience adjustments..... (7.16) (23.21) 2.56 (35.17) 0.21 (2.43) 3.18 0.08 Benefits paid.......................................... (151.35) (112.37) (38.21) (28.64) (1.87) (1.53) (8.63) (8.68) Add/(less): Change in plan on account of common control de-merger................................................. — (12.17) — 12.17 — — — — Disposal of subsidiaries.................. — — — (0.99) — — — — Foreign exchange translation difference.................................................. 11.36 (8.18) (0.53) (37.29) — — — — Closing defined benefit obligation.................................................. 1,431.93 1,360.23 259.65 272.32 35.66 29.04 124.71 116.29
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