Atul Ltd 2019-20

Corporate Overview Statutory Reports Financial Statements 196 Atul Ltd | Annual Report 2019-20 01-21 22-91 92-228 ( ` cr) Note 26 Employee benefit expenses 2019-20 2018-19 Salaries, wages and bonus (refer Note 29.6) 271.24 231.67 Contribution to Provident and other funds (refer Note 29.6) 17.84 19.01 Staff welfare 11.82 9.16 300.90 259.84 ( ` cr) Note 27 Finance costs 2019-20 2018-19 Interest on borrowings 4.51 0.67 Interest on financial liabilities at amortised cost 0.97 1.30 Interest on others 3.30 5.22 Other borrowing costs 0.62 0.22 9.40 7.41 ( ` cr) Note 28 Other expenses 2019-20 2018-19 Power, fuel and water 372.95 399.53 Freight charges 127.83 114.36 Manpower services 34.15 31.85 Consumption of stores and spares 57.94 54.96 Conversion and plant operation charges 52.21 55.03 Plant and equipment repairs 78.00 68.17 Building repairs 42.48 31.71 Sundry repairs 11.02 9.29 Rent 2.19 3.04 Rates and taxes 1.51 1.36 Insurance 13.27 6.94 Commission 0.02 7.36 Travelling and conveyance 18.89 18.72 Payments to the Statutory Auditors 1.37 1.00 Payments to the Cost Auditors 0.03 0.03 Directors' fees and travelling 1.92 1.66 Directors' commission (other than the Executive Directors) 0.91 1.09 Bad debts and irrecoverable balances written off 4.66 0.23 Provision for doubtful debts (net ) 5.17 5.01 Loss on assets sold, discarded or demolished 0.41 1.39 Expenditure on Corporate Social Responsibility initiatives 10.09 8.31 Miscellaneous expenses 83.10 84.07 920.12 905.11