Schedules forming part of the Financial ... - Thomas Cook India

66
Year ended
31st December, 2011
Thomas Cook (India) Limited
Schedules forming part of the Financial Statements
for the year ended 31st December, 2011
SCHEDULE “Q” : (Contd.)
Year ended
31st December, 2010
(v) The major categories of plan assets as a percentage of fair value of total
plan assets:-
Insurer Managed Funds 100.00% 100.00%
(vi) Principal Actuarial Assumptions as at the balance sheet date:
Discount Rate (p.a.)* 8.55% 8.00%
Expected Rate of Return on Assets (p.a.)** 7.50% 7.50%
Salary Escalation Rate (p.a.)*** 6.00% 6.00%
* The discount rate is based on the prevailing market yields of Indian government securities as at the balance sheet date
for the estimated term of the obligations.
** The expected rate of return on plan assets is based on the average long term rate of return expected on investments of
the Fund during the estimated term of the obligations.
*** The estimates of the future salary increases considered takes into account the inflation, seniority, promotion and other
relevant factors.
(vii) Experience Adjustments
(Rupees)
31-Dec-11 31-Dec-10
Year Ended
31-Dec-09 31-Dec-08 31-Dec-07
Defined Benefit Obligation 76,862,214 68,466,008 64,735,159 76,827,770 52,110,984
Plan Asset 66,826,937 54,872,181 45,132,049 43,720,966 31,768,969
Surplus/(Deficit) (10,035,277) (13,593,827) (19,603,110) (33,106,804) (20,342,015)
Expenses Adjustments on plan Liabilities 5,215,789 (725,302) (7,955,266) 8,440,995 15,857,534
Expenses Adjustments on plan Assets 1,778,077 806,566 715,455 8,036,334 294,898
c) Leave encashment charged during the year amounts to ` 3,308,933 (Previous Year write back ` 3,434,477).
Year ended Year ended
31st December, 2011 31st December, 2010
(l) In determining earnings per share , the Company considers the net profit after tax. The
number of shares used in computing basic earnings per share is the weighted average
number of shares outstanding during the year. The number of shares used in computing
diluted earnings per share comprises the weighted average shares considered for
deriving basic earnings per share, and also the weighted average number of equity
shares that could have been issued on the conversion of dilutive potential equity
shares. Earnings per Share has been computed as under:
Profit attributable to Equity Shareholders * 559,122,024 415,380,948
Weighted average number of shares - Basic 211,895,585 211,669,810
Weighted average number of shares - Diluted 218,227,091 218,910,237
Basic Earnings per Share (` per Equity Share of ` 1 each) 2.64 1.96
Diluted Earnings per Share (` per Equity Share of ` 1 each)
* Dividend amounting to ` 69 (Previous Year ` 69) (including Corporate Dividend Tax)
on Preference shares outstanding during the year has been considered in determining
the Earning per Share for year ended 31st December, 2011.
2.57 1.91