(iv) Expense recognized in the Consolidated Statement of Profit and Loss For the year ended 31 March 2023 31 March 2022 Interest cost 9.03 7.81 Service cost 19.18 16.90 Interest income (10.20) (8.53) 18.01 16.18 (v) Expense recognized in OCI For the year ended 31 March 2023 31 March 2022 Actuarial loss, net 3.83 0.75 3.83 0.75 (vi) Key actuarial assumptions As at 31 March 2023 31 March 2022 Discount rate 7.10% 5.60% - 6.30% Salary escalation rate 8.00%-9.00% 8.00% Attrition rate 15%- 30% 15%- 30% Mortality rate Indian Assured Lives Mortality (2006-08) Ult. Indian Assured Lives Mortality (2006-08) Ult. (vii) Sensitivity analysis Reasonably possible changes as at 31 March 2023 to one of the relevant actuarial assumptions, holding other assumptions constant, can aff ect the defi ned benefi t obligation by the amounts shown below. As at 31 March 2023 Increase Decrease Discount rate (1% movement) 7.39 8.29 Salary escalation rate (1% movement) 7.85 7.14 Attrition rate (1% movement) 0.63 0.67 (viii) The Group expects to contribute ` Nil as its contribution to gratuity within one year from the year ended 31 March 2023. (ix) Maturity analysis of Gratuity as on 31 March 2023 is as follows: As at 31 March 2023 31 March 2022 Weighted average duration of the defi ned benefi t obligation 5 Years 5 Years Maximum gratuity contribution per person 2.00 2.00 Expected cash flows over the years (valued on discounted basis): Within one year 32.46 30.45 Within two to fi ve years 110.21 95.66 More than fi ve years 174.74 127.86 317.41 253.97 Summary of the significant accounting policies and other explanatory information (All amounts in ` millions, except share data and where otherwise stated) 285 Consolidated | Financial Statements
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