Page 192 - DJML Annual Report 24-25
P. 192
DJ MEDIAPRINT & LOGISTICS LIMITED
March 31, 2025
are re-assessed at each reporting date and are Defined benefit plans:
recognised to the extent that it has become A defined benefit plan is a post-employment
probable tha future taxable profi allo benefit plan other than a defined contribution
the deferred tax asset to be recovered.
plan.
Deferred tax relating to items recognised The Company’s gratuity scheme is a defined
outside profi or lo recognised outside benefit plan. Currently, the Company’s gratuity
profi or lo (either other comprehensive
scheme is unfunded. The Company recognises
income or in equity). Deferred tax items are the defined benefit liability in Balance sheet.
recognised in correlation to the underlying The present value of the obligation under such
transactio either OCI or dire equity.
defined benefit plan and the related current
Deferred tax assets and liabilities are measured service cost and, where applicable past service
at the tax rates that are expected to apply in the cost are determined based on an actuarial
year when the asset is realised or the liability is valuation done using the Projected Unit Credit
settled, based on tax rates (and tax laws) that Method by an independent actuary, which
have been enacted or substantively enacted at recognises each period of service as giving
the reporting date. rise to additiona of employee benefi
entitlement and measures each unit separately
Deferred tax assets and deferred tax liabilities to build up the final obligation. The obligations
are offset if a legally enforceable right exists to
are measured at the present value of the
set off current tax assets against current tax estimated future ca flows.
liabilities and the deferred taxes relate to the
same taxation authority. Re-measurements, comprising actuarial
gains and losses, the effect of the changes
to the asse ceiling (if applicable reflected
immediate Other Comprehensive
Employee benefit liabilities such as salaries, Income the Statement of Profi and
wages and bonus, etc. that are expected to loss. other expense related to defined
be settled wholly within twelve months after benefi pla are recognised Statement
the end of the period in which the employees of Profit and Loss as employee benefit
render the related service are recognised in expenses. Re-measurements recognised
respect of employees’ services up to the end Other Comprehensive Income no be
of the reporting period and are measured at reclassified to Stateme of Profi and Lo
an undiscounted amount expected to be paid hence it is treated as part of retained earnings
when the liabilities are settled. in the Statement of Changes In Equity.
Defined Contribution Plans: Fair value is the price that would be received
to sell an asset or paid to transfer a liability
State governed Provident Fund Scheme and
in an orderly transaction between market
Employees State Insurance Scheme are participants at the measurement date. The
defined contributio plans. The contributio
fair value measurement is based on the
paid / payable under the schemes is recognised
presumption that the transaction to sell the
during the period in which the employees render
asset or transfer the liability takes place
the related services.
either:
189 Annual Report 2024-25
