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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