Arohan Financial Services Limited | Annual Report 2022-23

161 | Annual Report | 2022-2023 Note 37: Employee benefits (Contd.) B) Defined benefit plans (Contd.) (v) Sensitivity analysis for pension fund Reasonably possible changes at the reporting date to one of the relevant actuarial assumptions, holding other assumptions constant, would have affected the defined benefit obligation by the amounts shown below: Particulars Year ended 31 March 2023 Year ended 31 March 2022 Impact of the change in discount rate Present value of obligation at the end of the year - Impact due to increase of 1% (0.14) (14.39) - Impact due to decrease of 1% 0.14 17.20 (vi) Maturity profile of defined benefit obligation (discounted) Particulars As at 31 March 2023 As at 31 March 2022 Year 0 to 1 year 29.88 28.23 1 to 2 year 6.51 22.32 2 to 3 year - 10.81 3 to 4 year - 4.09 4 to 5 year - 4.28 5 to 6 year - 29.55 Total 36.39 99.28 (c) Compensated absences (i) Amount recognised in the balance sheet is as under: Particulars As at 31 March 2023 As at 31 March 2022 Present value of obligation 1,064.28 971.72 Fair value of plan assets - - Net obligation recognised in balance sheet as provision 1,064.28 971.72 (ii) Amount recognised in the statement of profit and loss is as under: Particulars Year ended 31 March 2023 Year ended 31 March 2022 Current service cost 192.04 191.99 Past service cost - - Net interest on net defined benefit liability/ (asset) 52.63 43.85 Immediate recognition of (gains)/ losses 7.94 11.74 Payment made during the year (160.05) - Net impact on profit (before tax) 92.56 247.58 Arohan Financial Services Limited Summary of significant accounting policies and other explanatory information for the year ended 31 March 2023 (Contd.) (All amounts in ` lakhs unless otherwise stated)