NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
25. EMPLOYEE BENEFITS (Continued)
The movement in the present value of the Defined Benefit Obligation over the year is as follows:
Year Ending 31 Dec 2020 Rs '000
Reconciliation of Defined Benefit Obligation
Defined Benefit Obligation at the beginning of the period
14,273
Current Service Cost (excluding interest)
1,720
Other Costs Benefits Paid Interest Cost
446
-
636
Actuarial (Gains)/Losses on economic assumptions
2
Actuarial (Gains)/Losses on experience
56
Defined Benefit Obligation at the end of the period
17,133
The principal actuarial assumptions used for accounting purposes are as follows:
Assumption
Year Ending 31 Dec 2020 Year Ending 31 Dec 2019
3.74% 1.16% 2.16% 1.55%
Discount rate Inflation rate
3.92% 1.34% 2.34% 1.54%
Salary increase rate
Net pre-retirement rate Average Retirement Age
65
65
40.9
Salary-weighted average age Salary-weighted average service
- -
6.8
26. PARENT AND ULTIMATE PARENT
Refer to Principle 1 of the Corporate Governance Report for a detailed structure of the Company’s shareholding.
27. REVENUE
Revenue is made up as follows:
THE GROUP
THE COMPANY
2020
2020
2019
2019
Rs
Rs
Rs
Rs
35,044,468 29,073,560 83,779,709 147,897,737 123,535,695 24,362,042 147,897,737
31,820,848
Rental income
36,838,533
38,724,258
-
Goods
4,670,143
-
14,173,236 45,994,084
Services
198,560,534 240,069,210
19,232,467 57,956,725
45,994,084
Over time
240,069,210
57,956,725
-
-
At a point in time
-
45,994,084
240,069,210
57,956,725
126
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