Atul Ltd 2012-13

Atul Ltd | Annual Report 2012-13 Notes to Consolidated financial statements ( ` cr) NOTE 24 EMPLOYEE BENEFIT EXPENSES 2012-13 2011-12 Salaries, wages and bonus 117.96 107.56 Contribution to Provident and other Funds 12.26 9.87 Payment under Voluntary retirement scheme - 0.66 Staff welfare 4.51 3.57 134.73 121.66 ( ` cr) NOTE 25 FINANCE COSTS 2012-13 2011-12 Interest on borrowings 28.74 29.49 Other borrowings cost 2.33 2.24 Applicable exchange difference to the extent considered as an adjustment to borrowing cost 3.81 11.58 34.88 43.31 ( ` cr) NOTE 26 OTHER EXPENSES 2012-13 2011-12 Consumption of stores and spares 15.08 15.08 Power, fuel & water 215.10 167.09 Conversion and plant operation charges 31.41 20.23 Building repairs 15.32 12.14 Plant and equipment repairs 52.62 46.94 Sundry repairs 6.15 5.39 Rent 1.95 1.60 Rates and taxes 1.24 1.53 Insurance 4.84 4.60 Freight, cartage and octroi 54.59 47.32 Discount and commission 13.76 17.86 Travelling and conveyance 11.37 9.25 Payments to Statutory Auditors a) Audit fees 0.55 0.50 b) Other matters 0.28 0.15 c) Out of pocket expenses 0.01 0.02 Payments to Cost Auditors a) Cost Audit fees 0.03 0.02 b) Out of pocket expenses ` 31,831 (Previous year ` 11,546) - - Directors’ fees and travelling 1.31 0.31 Directors’ commission (other than Managing and Whole time Director) 0.53 0.45 Charities and donations 0.22 0.62 Bad debts and irrecoverable balances written off 0.57 3.01 Goodwill on consolidation written off - 2.70 Exchange rate difference on consolidation for the year 14.90 (17.00) Provision for doubtful debts 1.68 0.79 Provision for diminution in value of investment 0.07 - Obsolete and unserviceable material written down 0.02 - Loss on assets sold, discarded or demolished 0.17 0.06 Miscellaneous expenses 57.07 44.15 500.84 384.81