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CORPORATE OVERVIEW STATUTORY REPORTS FINANCIAL STATEMENTS Consolidated
Significant Accounting Policies and Notes to the Accounts
for the year ended March 31, 2018
The following table sets out the funded status of the Gratuity and Compensated Absences benefit scheme and the amount recognised in the Financial Statements:
i. Changes in Defined Benefit Obligation
Particulars
(Rs. in Lakh)
For the year ended March 31, 2018
Gratuity
Compensated Absences
Liability at the beginning of the year 104 163
Acquired on amalgamation 119 347
Current service cost 75 165 Interest cost 15 34 Plan Amendment Cost 24 - Actuarial (gain) /losses 98 166 Benefits paid (20) (85) Liability at the end of the year 415 790
ii. Changes in Fair Value of Plan Assets Particulars
(Rs. in Lakh)
For the year ended March 31, 2018
Gratuity
Compensated Absences
Plan Assets at the beginning of the year 105 -
Acquired on amalgamation 117 248
Expected return on plan assets 23 24 Actuarial Gain/(Loss) (10) (1) Employer Contribution 176 96 Benefits Paid (4) - Plan Assets at the end of the year 407 367
iii. Reconciliation of Fair Value of Assets and Obligations Particulars
(Rs. in Lakh)
For the year ended March 31, 2018
Gratuity
Compensated Absences
Fair value of Plan Assets at the end of the year 407 367
Present Value of Obligation 415 790 Amount Recognised in Balance Sheet (8) (423)
iv. Expenses recognized in Statement Profit and Loss Particulars
Current Service Cost 75
Interest Cost 15
Expected Return on Plan Assets (23) Net Actuarial (Gain)/ loss to be recognized 108 Plan Amendment cost / Direct Payment 25 Expenses recognized in the profit and loss account under employee expenses 175
(Rs. in Lakh)
165
34
(24) 167 21 343
For the year ended March 31, 2018
Gratuity
Compensated Absences
Annual Report 2017 - 18 | 149


Significant Accounting Policies and Notes to the Accounts
for the year ended March 31, 2018
v. Actuarial Assumptions
Particulars
Mortality Table
Discount Rate
Expected rate of return on plan asset (per annum) Salary Escalation Rate
(Ultimate) (Ultimate)
7.6% 7.6%
7.5% 7.5% 8% 8%
For the year ended March 31, 2018
Gratuity
Compensated Absences
The estimates of rate of escalation in salary considered in actuarial valuation, take into account inflation, seniority, promotion and other relevant factor including supply and demand in the employment market. The above information is certified by actuary.
The expected rate of return on plan asset is determined considering several applicable factors , mainly the composition of plan asset held, assessed risks, historical result of return on plan assets and the Company’s policy for plan assets management.
vi. Amount recognised in current year and previous year Gratuity :
For the year ended March 31, 2018
For the year ended March 31, 2017
For the year ended March 31, 2016
For the year ended March 31, 2015
415
104
79
71
407
105
97
93
8
(1)
(18)
(22)
98
7
(4)
1
(10)
-
-
2
Particulars
Defined benefit obligation Fair value of plan asset (Surplus)/ Deficit in the plan Actuarial (gain)/loss on plan Actuarial gain/(loss) on plan
Compensated Absences :
Particulars
Defined benefit obligation Fair value of plan asset (Surplus)/ Deficit in the plan Actuarial (gain)/loss on plan Actuarial gain/(loss) on plan
Employee stock option plan
(Rs. in Lakh)
For the year ended March 31, 2014 60
78 (18) obligation (6) asset (3)
For the year ended March 31, 2018
For the year ended March 31, 2017
For the year ended March 31, 2016
For the year ended March 31, 2015
795
163
NA
NA
367
-
NA
NA
428
163
NA
NA
135
-
NA
NA
1
-
NA
NA
obligation asset
(Rs. in Lakh)
For the year ended March 31, 2014 NA
NA NA NA NA
34.
150
| Aadhar Housing Finance Ltd.
Employee Stock Appreciation Rights Plan 2018 (“ESAR 2018” / “Plan”)
During the year, the Company has approved the ESAR 2018, which covers eligible employees of the Company. The scheme was approved by the shareholders of the company and subsequently the Grant was approved by the Board and the Nomination and Remuneration Committee at its meeting held on March 26, 2018.
ESAR 2018 plan will be effective from April 1, 2018.


CORPORATE OVERVIEW STATUTORY REPORTS FINANCIAL STATEMENTS Consolidated
Significant Accounting Policies and Notes to the Accounts
for the year ended March 31, 2018
35. Foreign currency transactions
Particulars
Foreign business travel Directors sitting fees (IFC) Total
36. Related party transactions
List of related parties with whom transactions have taken place during the year and relationship:
S.No
(Rs. in Lakh)
4 3 7
Name of Related Party
For the year ended March 31, 2018
Relationship
Holding Company
Enterprise having Significant Control
Wholly Owned Subsidiary
Associate Companies
Other Group Companies
Key Management Personal
1. Wadhawan Global Capital Limited (Formerly Known as Wadhawan Global Capital Private Limited)
2. International Finance Corporation (Washington)
3. Aadhar Sales and Service Private Limited
4. Dewan Housing Finance Corporation Limited
5. DHFL Pramerica Life Insurance Company Limited
DHFL General Insurance Limited
DHFL Sales and Services Private Limited DHFL Pramerica Asset Manager
Avanse Financial Services Limited
6. Kapil Wadhawan – Chairman and Director
Deo Shankar Tripathi - Managing Director and CEO (w.e.f 21-11-2017)
Shri. R Nambirajan Managing Director (upto 02-07-2017)
Transactions with Related Parties:
Name
Income :
(Rs. in Lakh)
Particulars
For the year ended March 31, 2018
Intermediary Services
Intermediary Services
Other Income
Services
Rent
Legal and Professional Fees
Insurance Premium
Remuneration
Remuneration
Dividend Payment
Dividend Payment
Proceeds received on allotment of Equity Shares
Proceeds received on allotment of Equity Shares
DHFL Pramerica Life Insurance Company Limited 254 DHFL General Insurance Limited 283 Dewan Housing Finance Corporation Limited 1 Expenditure:
Dewan Housing Finance Corporation Limited 83 Dewan Housing Finance Corporation Limited 152 Dewan Housing Finance Corporation Limited 6 DHFL Pramerica Life Insurance Company Limited 6 Deo Shankar Tripathi – Managing Director and CEO 191 Shri. R Nambirajan 38 Dividend Payment :
Wadhawan Global Capital Private Limited 651 Dewan Housing Finance Corporation Limited 73 Others :
Wadhawan Global Capital Limited 5,000 International Finance Corporation 6,500
Annual Report 2017 - 18 | 151


Significant Accounting Policies and Notes to the Accounts
for the year ended March 31, 2018
Balances with Related Parties:
Name
(Rs. in Lakh)
Particulars
As at March 31, 2018
Receivable
Payable
Deposit
Receivable
Deposit
Receivable
Deposit
Dewan Housing Finance Corporation Limited 20 Dewan Housing Finance Corporation Limited 105 Dewan Housing Finance Corporation Limited 16 DHFL Pramerica Life Insurance Company Limited 71 DHFL Pramerica Life Insurance Company Limited 22 DHFL General Insurance Limited 168 DHFL General Insurance Limited 20
37. Additional information as required by Paragraph 2 of the General Instructions for Preparation of Consolidated Financial Statements to Schedule III to the Companies Act.
Net assets i.e. Total Assets minus Total Liabilities
As % of consolidated net assets
Amount (Rs. in Lakh) As at March 31, 2018
As % of Share of profit
Amount (Rs. in Lakh) As at March 31, 2018
99.92%
0.08%
69,893
58
109.25%
(9.25%)
Share of profit / (loss)
Name of the entity in the
Parent
Aadhar Housing Finance Limited
Direct Subsidiary
Aadhar Sales and Services Private Limited
10,885 (922)
38. These consolidated financial statements are Group’s first financial statements considering subsidiary company is incorporated during the current financial year, hence comparable for the previous year are not available.
In terms of our report attached.
For Chaturvedi S.K. & Fellows
Chartered Accountants ICAI FRN:112627W
Srikant Chaturvedi
Partner
ICAI MN: 070019
Place: Mumbai Dated: April 24, 2018
For and on behalf of the Board of Directors
152 | Aadhar Housing Finance Ltd.
For Deloitte Haskins & Sells LLP
Chartered Accountants
ICAI FRN : 117366W/W-100018
G.K Subramaniam
Partner
ICAI M N : 109839
Place: Mumbai Dated: April 24, 2018
Kapil Wadhawan
Chairman DIN 0028528
Suresh Mahalingam
Director
DIN 01781730
G. P. Kohli
Director
DIN 00230388
Anmol Gupta
Chief Financial Officer
Deo Shankar Tripathi
Managing Director & CEO DIN 07153794
Sridar Venkatesan
Director
DIN 02241339
Sasikala Varadachari
Director
DIN 07132398
Srikant V.N.
Company Secretary




[Formerly Known as DHFL Vysya Housing Finance Ltd]
www.aadharhousing.com
Registered Office
Aadhar Housing Finance Ltd.
CIN: 66010KA1990PLC011409
2nd Floor, No. 03, JVT Towers, 8th ‘A’ Main Road, S.R. Nagar, Bengaluru - 560 027, Karnataka
Toll Free: 1800 3004 2020
Corporate Office
201, Raheja Point-1, Nr. Shamrao Vitthal Bank, Nehru Road, Vakola, Santacruz (E), Mumbai - 400 055 Ph: +91 22 3950 9900 | Fax: +91 22 3950 9934