167 | Annual Report | 2023-2024 (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 2024 Year ended 31 March 2023 Impact of the change in discount rate Present value of obligation at the end of the year - Impact due to increase of 1% (0.01) (0.14) - Impact due to decrease of 1% 0.02 0.14 (vii) Maturity profile of defined benefit obligation (discounted) Particulars Year ended 31 March 2024 Year ended 31 March 2023 Year 0 to 1 year 28.33 29.88 1 to 2 year - 6.51 2 to 3 year - - 3 to 4 year - - 4 to 5 year - - 5 to 6 year - - Total 28.33 36.39 (C) Compensated absences The Company has a defined compensated absence plan. Every employee are entitled to compensated absences as per the provisions of the scheme. The liability of compensated absences is recognized on the basis of actuarial valuation. (i) Amount recognised in the balance sheet is as under: Particulars Year ended 31 March 2024 Year ended 31 March 2023 Present value of obligation 1,242.43 1,064.28 Fair value of plan assets - - Net obligation recognised in balance sheet as provision 1,242.43 1,064.28 Note 37: Employee benefits (Cont'd) B) Defined benefit plans (Cont'd) Arohan Financial Services Limited Notes to financial statements for the year ended March 31, 2024 (Contd.) (All amounts in ` lakhs unless otherwise stated)
RkJQdWJsaXNoZXIy NTE5NzY=