Atul Ltd 2014-15

Atul Ltd | Annual Report 2014-15 ( ` cr) NOTE 25 EMPLOYEE BENEFIT EXPENSES 2014-15 2013-14 Salaries, wages and bonus 146.09 134.10 Contribution to Provident and other funds 11.39 9.78 Staff welfare 5.81 5.79 163.29 149.67 ( ` cr) NOTE 26 FINANCE COSTS 2014-15 2013-14 Interest on borrowings 21.67 28.50 Interest on income tax – 0.60 Interest on others 1.77 2.40 Other borrowings cost 2.25 0.92 Applicable exchange difference to the extent considered as an adjustment to borrowing cost – 1.02 25.69 33.44 ( ` cr) NOTE 27 OTHER EXPENSES 2014-15 2013-14 Consumption of stores and spares 39.78 33.01 Power, fuel and water 298.21 281.44 Conversion and plant operation charges 28.48 32.97 Building repairs 17.37 15.29 Plant and equipment repairs 58.04 62.08 Sundry repairs 6.86 6.87 Rent 2.29 1.87 Rates and taxes 1.54 1.85 Insurance 5.58 5.64 Freight, cartage and octroi 70.81 62.34 Discount and commission 19.22 18.73 Travelling and conveyance 14.16 12.86 Payments to the Statutory Auditors a) Audit fees 0.79 0.61 b) Other matters 0.11 0.31 c) Out of pocket expenses 0.02 0.01 Payments to the Cost Auditors a) Cost Audit fees 0.02 0.03 b) O ut of pocket expenses (Current year: Nil and Previous year: ` 19,360) – Directors' fees and travelling 1.45 1.42 Directors' commission (other than the Executive Directors) 0.66 0.76 Goodwill on consolidation written off – 0.11 Bad debts and irrecoverable balances written off 1.78 1.75 Exchange rate difference on consolidation for the year (9.91) 2.16 Provision for doubtful debts 0.98 0.46 Provision for diminution in value of investment – 0.47 Loss on assets sold, discarded or demolished 0.87 0.01 Contribution to Corporate Social Responsibility initiatives 3.95 – Miscellaneous expenses 83.34 67.05 646.40 610.10 Notes to the Consolidated Financial Statements