| 192 Annual Report | 2024-2025 Financials Arohan Financial Services Limited Notes to financial statements for the year ended March 31, 2025 (Contd.) (All amounts in ` lakhs unless otherwise stated) Note 39: Employee benefits (cont'd) b) Defined benefit plans (cont'd) (ii) Amount recognised in the statement of profit and loss is as under: Particulars Year ended March 31, 2025 Year ended March 31, 2024 Current service cost - - Past service cost - - Settlement credit - - Net interest on net defined benefit liability/ (asset) - 1.32 Immediate recognition of (gains)/ losses - (0.03) Payment made during the year - (8.39) Net impact on profit (before tax) - (7.10) (iii) Movement in the present value of defined benefit obligation recognised in the balance sheet is as under: Particulars Year ended March 31, 2025 Year ended March 31, 2024 Present value of defined benefit obligation as at the beginning of the year 28.21 35.31 Current service cost (28.21) - Interest cost - 1.32 Benefits paid - (8.39) Actuarial loss/ (gain) on obligation Actuarial (gain)/loss on arising from change in financial assumption - - Actuarial loss on arising from experience adjustment - (0.03) Present value of defined benefit obligation as at the end of the year - 28.21 (iv) Actuarial assumptions Particulars Year ended March 31, 2025 Year ended March 31, 2024 Discounting rate - 7.20% Future salary increase - Not applicable Retirement age (in years) - - Withdrawal rate - upto 5 years of service - Not applicable More than 5 years of service - Not applicable Weighted average duration (in years) - 1
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