Page 262 - Hitachi IR 2025

NOTES TO THE FINANCIAL STATEMENTS
All amount in Indian Rupees in Crores, except as stated otherwise
Contributions by employer - - -
Benefits paid (8.87) (6.83) (2.04)
As at March 31, 2024 99.04 79.32 19.72
Defined benefit
obligation
Fair value of
plan assets
Net defined
benefit liability
Total amount recognised in statement of profit and loss
(Note 27)
Service cost 7.27 - 7.27
Net interest expense 6.65 5.47 1.18
13.92 5.47 8.45
All amount in Indian Rupees in Crores, except as stated otherwise
Defined benefit
obligation
Fair value of
plan assets
Net defined
benefit liability
Remeasurement (gains)/ losses in other comprehensive
income:
Return on plan assets (excluding amounts included in net
interest expense)
- 0.70 (0.70)
Actuarial changes arising from changes in financial assumptions 4.04 - 4.04
Actuarial changes arising from changes in experience
adjustments
2.56 - 2.56
Total amount recognised in other comprehensive income 6.60 0.70 5.90
Contributions by employer - 5.00 (5.00)
Benefits paid (8.02) (8.24) 0.22
As at March 31, 2025 111.54 82.25 29.29
ii) Amount recognised in balance sheet
All amount in Indian Rupees in Crores, except as stated otherwise
March 31, 2025 March 31, 2024
Present value of funded obligations 111.54 99.04
Fair value of plan assets 82.25 79.32
Net funded obligation (29.29) (19.72)
Net defined benefit liability recognised in balance sheet (29.29) (19.72)
iii) Expense recognised in statement of profit and loss (refer note 27)
All amount in Indian Rupees in Crores, except as stated otherwise
For the year ended
March 31, 2025
For the year ended
March 31, 2024
Current service cost 7.27 6.46
Net interest expense 1.18 0.53
8.45 6.99
iv) Remeasurements recognised in other comprehensive income
All amount in Indian Rupees in Crores, except as stated otherwise
For the year ended
March 31, 2025
For the year ended
March 31, 2024
Actuarial (gain)/ loss on defined benefit obligation 6.60 6.77
Return on plan assets excluding interest income (0.70) (0.34)
5.90 6.43
v) The major categories of plan assets of the fair value of the total plan assets are as follows:
For the year ended
March 31, 2025
For the year ended
March 31, 2024
Investments
Scheme of insurance - Conventional products 100.00% 100.00%
260 Hitachi Energy India Limited