FINANCIAL STATEMENTS | Standalone Accounts 349 37. Employee Benefits (contd.) (b) Risk exposure (contd.) (iv) Life expectancy The present value of defined benefit plan obligation is calculated by reference to the best estimate of the mortality of plan participants, both during and after the employment. An increase in the life expectancy of the plan participants will increase the plan’s liability. (c) Details of defined benefit plans as per actuarial valuation are as below: Rupees crores Particulars Funded Plan Unfunded Plans Gratuity Post retirement medical benefits Post retirement housing allowance 2026 2025 2026 2025 2026 2025 (i) Amounts recognised in profit or loss Current service cost................................................................................ 90.93 77.75 0.43 0.45 3.13 2.51 Past service cost........................................................................................ 98.51 — — — — — Net interest expense/(income)......................................................... (1.66) (5.46) 1.86 1.89 8.31 8.06 Total amount included in employee benefits expense ....... 187.78 72.29 2.29 2.34 11.44 10.57 (ii) Amounts recognised in other comprehensive income Remeasurement (gains)/losses: a) Actuarial (gains)/losses arising from changes in - – demographic assumptions....................................................... — (2.22) — (0.06) — — – financial assumptions................................................................. 13.38 21.41 0.20 0.46 1.82 3.30 – experience adjustments............................................................ 13.48 (15.78) (3.15) (0.12) 4.21 3.18 b) Return on plan assets, excluding amount included in net interest expense/(income)........................................... (26.23) (5.73) — — — — Total amount recognised in other comprehensive income............................................................................................................... 0.63 (2.32) (2.95) 0.28 6.03 6.48 (iii) Changes in the defined benefit obligation Opening defined benefit obligation............................................... 1,034.31 968.95 28.23 27.47 124.71 116.29 Additions/(Deletions) through inter company transfers........................................................................................................... 0.58 (0.77) — — — — Current service cost................................................................................ 90.93 77.75 0.43 0.45 3.13 2.51 Past service cost........................................................................................ 98.51 — — — — — Interest expense......................................................................................... 68.39 63.54 1.86 1.89 8.31 8.06 Remeasurements (gains)/losses arising from changes in - – demographic assumptions............................................................. — (2.22) — (0.06) — — – financial assumptions........................................................................ 13.38 21.41 0.20 0.46 1.82 3.30 – experience adjustments.................................................................. 13.48 (15.78) (3.15) (0.12) 4.21 3.18 Benefits paid................................................................................................. (94.49) (78.57) (1.80) (1.86) (8.63) (8.63) Closing defined benefit obligation................................................. 1,225.09 1,034.31 25.77 28.23 133.55 124.71 (iv) Changes in fair value of plan assets Opening fair value of plan assets.................................................. 1,062.78 1,000.79 — — — — Interest income........................................................................................... 70.05 69.00 — — — — Return on plan assets excluding interest income............. 26.23 5.73 — — — — Contribution by employer.................................................................... 119.87 65.83 — — — — Benefits paid................................................................................................. (94.49) (78.57) — — — — Closing fair value of plan assets.................................................... 1,184.44 1,062.78 — — — —
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