Atul Ltd 2014-15

Atul Ltd | Annual Report 2014-15 ( ` cr) NOTE 26 FINANCE COSTS 2014-15 2013-14 Interest on borrowings 20.98 26.81 Interest on income tax – 0.60 Interest on others 1.92 2.40 Other borrowings cost 0.74 0.60 Applicable exchange difference to the extent considered as an adjustment to borrowing cost – 1.02 23.64 31.43 ( ` cr) NOTE 27 OTHER EXPENSES 2014-15 2013-14 Consumption of stores and spares 39.23 32.69 Power, fuel and water 294.42 277.99 Conversion and plant operation charges 34.97 33.39 Building repairs 17.15 15.04 Plant and equipment repairs 57.70 61.77 Sundry repairs 6.85 6.84 Rent 1.88 1.40 Rates and taxes 1.42 1.72 Insurance 5.06 5.18 Freight, cartage and octroi 70.62 62.27 Discount and commission 20.57 22.19 Travelling and conveyance 13.38 12.00 Payments to the Statutory Auditors a) Audit fees 0.33 0.33 b) Other matters 0.11 0.15 c) Out of pocket expenses 0.01 0.01 Payments to the Cost Auditors a) Audit fees 0.02 0.03 b) O ut of pocket expenses (Current year: Nil and Previous year: ` 19,360) – Directors’ fees and travelling 0.22 0.23 Directors’ commission (other than the Executive Directors) 0.64 0.74 Bad debts and irrecoverable balances written off 1.75 1.33 Provision for doubtful debts 0.98 0.56 Provision for diminution in value of investment 0.02 0.44 Loss on assets sold, discarded or demolished 0.78 0.01 Contribution to Corporate Social Responsibility initiatives 3.95 – Miscellaneous expenses 76.46 64.40 648.52 600.71 Consumption of stores and spares: Category 2014-15 2013-14 ` cr % ` cr % Imported 13.01 33% 6.85 21% Indigenous 26.22 67% 25.84 79% 39.23 100% 32.69 100% Notes to the Financial Statements