Atul Ltd 2017-18

123 ( ` cr) Note 24 Employee benefit expenses 2017-18 2016-17 Salaries, wages and bonus (refer Note 27.6) 162.17 155.29 Contribution to Provident and other funds (refer Note 27.6) 12.35 11.88 Staff welfare 6.82 6.06 181.34 173.23 ( ` cr) Note 25 Finance costs 2017-18 2016-17 Interest on borrowings 6.38 17.16 Interest on financial liabilities at amortised cost 1.02 1.11 Interest on others 1.01 1.20 Other borrowings cost 0.49 0.52 Exchange difference regarded as an adjustment to borrowing cost – 1.03 8.90 21.02 ( ` cr) Note 26 Other expenses 2017-18 2016-17 Power, fuel and water 336.26 315.81 Freight, cartage and octroi 95.10 69.82 Manpower services 46.12 40.74 Consumption of stores and spares 45.90 44.87 Conversion and plant operation charges 40.82 32.07 Plant and equipment repairs 52.47 50.91 Building repairs 18.25 15.36 Sundry repairs 7.70 7.54 Rent 2.11 2.31 Rates and taxes 1.28 1.25 Insurance 5.44 6.96 Commission 11.60 7.40 Travelling and conveyance 17.10 15.85 Payments to the Statutory Auditors a) Audit fees 0.26 0.29 b) Tax matters 0.09 0.09 c) Other matters 0.24 0.32 d) Out of pocket expenses 0.05 0.02 Payments to the Cost Auditors a) Audit fees 0.03 0.02 b) Other matters (Previous year: ` 7,000) – c) Out of pocket expenses (Current year: ` 15,432 and Previous year: ` 17,970) Directors’ fees and travelling 0.31 0.24 Directors’ commission (other than the Executive Directors) 0.79 0.79 Bad debts and irrecoverable balances written off 0.29 2.07 Loss on assets sold, discarded or demolished 0.12 0.20 Expenditure on Corporate Social Responsibility initiatives (refer Note 27.15) 7.39 6.60 Exchange rate difference - loss – 5.43 Miscellaneous expenses 70.78 63.71 760.50 690.67 Notes to the Financial Statements