Gillette_India_Limited_AR_20

Annual Report 2019-20 114 Notes to Financial Statements for the year ended June 30, 2020 Gillette India Limited C. The amount included in the balance sheet arising from the entity's obligation in respect of its defined benefit plans is as follows: Year ended June 30, 2020 ` in lakhs Year ended June 30, 2019 ` in lakhs Gratuity Plan (Funded) Present value of funded defined benefit obligation 6 509 5 604 Fair value of plan assets (1 153) (1 198) Net liability arising from defined benefit obligation 5 356 4 406 Compensated absence plan (Unfunded) Present value of funded defined benefit obligation 567 463 Net liability arising from defined benefit obligation 567 463 Post retirement medical benefit (PRMB) (Unfunded) Present value of funded defined benefit obligation 101 105 Net liability arising from defined benefit obligation 101 105 D. Movement in the present value of the defined benefit obligation are as follows: Year ended June 30, 2020 ` in lakhs Year ended June 30, 2019 ` in lakhs Gratuity Plan (Funded) Opening defined benefit obligation 5 604 4 241 Current service cost 469 396 Interest cost 387 334 Remeasurement on the net defined benefit liability: Actuarial (gains) / losses arising from changes in assumptions 367 611 Actuarial (gains) / losses arising from changes in demographic assumptions (11) 63 Actuarial (gains) / losses arising from changes in experience adjustments (159) 119 Benefits paid (148) (160) Closing defined benefit obligation 6 509 5 604 Compensated absence plan (Unfunded) Opening defined benefit obligation 463 361 Current service cost 65 53 Interest cost 32 29 Immediate recognition of (gains)/losses – other long term employee benefit plans 19 26 Benefits paid (12) (6) Closing defined benefit obligation 567 463