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• Annual Report 2018-19
Shaping the future of software driven business
Notes forming part of consolidated financial statements (Contd.)
The estimates of future salary increases, considered in actuarial valuation, take account of inflation, seniority, promotion and
other relevant factors, such as supply and demand in the employment market.
As at March 31, 2019, every percentage point increase / decrease in discount rate will affect the gratuity benefit obligation by
approximately
`
104.67 million/
`
124.96 million respectively.
As at March 31, 2019, every percentage point increase / decrease in increment rate will affect the gratuity benefit obligation by
approximately
`
123.51 million /
`
105.04 million respectively.
Amounts for the current and previous year are as follows:
In
`
Million
As at
March 31, 2019
March 31, 2018
Plan assets
831.32
773.89
Defined benefit obligation
(942.86)
(745.50)
Surplus / (Deficit)
(111.54)
28.39
Experience adjustments on plan liabilities - Loss/ (gain)
70.51
(139.70)
31. Segment Information
Operating segments are components of an enterprise for which discrete financial information is available that is evaluated
regularly by the chief operating decision maker, in deciding how to allocate resources and assessing performance. The Group’s
chief operating decision maker is the Chairman and Managing Director.
The Group reorganised itself into three business units from April 1, 2018, which form the operating segments for segment
reporting. The operating segments are:
a. Technology Services
b. Alliance
c. Accelerite (Products)
(In
`
Million)
Particulars
Technology
Services
Alliance Accelerite
(Products)
Total
Revenue
Year ended Mar-31-2019 22,018.03 9,759.92
1,881.46 33,659.41
Year ended Mar-31-2018
19,371.11
8,725.06
2,240.86
30,337.03
Identifiable expense
Year ended Mar-31-2019 13,510.36
6,461.91
889.32 20,861.59
Year ended Mar-31-2018
11,962.93
6,025.17
1,186.57
19,174.67
Segmental result
Year ended Mar-31-2019 8,507.67
3,298.01
992.14
12,797.82
Year ended Mar-31-2018
7,408.18
2,699.89
1,054.29
11,162.36
Unallocable expenses
Year ended Mar-31-2019
8,810.98
Year ended Mar-31-2018
8,060.76
Operating income
Year ended Mar-31-2019
3,986.84
Year ended Mar-31-2018
3,101.60
Other income (net of expenses)
Year ended Mar-31-2019
876.55
Year ended Mar-31-2018
1,191.01
Profit before taxes
Year ended Mar-31-2019
4,863.39
Year ended Mar-31-2018
4,292.61
Tax expense
Year ended Mar-31-2019
1,346.60
Year ended Mar-31-2018
1,061.73
Profit after tax
Year ended Mar-31-2019
3,516.79
Year ended Mar-31-2018
3,230.88
Note: Costs related to research and development are included under identifiable expenses for the purpose of segment reporting.