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Atul Ltd | Annual Report 2013-14
(
`
cr)
NOTE 24 EMPLOYEE BENEFIT EXPENSES
2013-14
2012-13
Salaries, wages and bonus
134.10
117.96
Contribution to provident and other funds
9.78
12.26
Staff welfare
5.79
4.35
149.67
134.57
(
`
cr)
NOTE 25 FINANCE COSTS
2013-14
2012-13
Interest on borrowings
28.50
27.31
Interest on income tax
0.60
–
Interest on others
2.40
1.43
Other borrowings cost
0.92
2.33
Applicable exchange difference to the extent considered as an adjustment
to borrowing cost
1.02
2.30
33.44
33.37
(
`
cr)
NOTE 26 OTHER EXPENSES
2013-14
2012-13
Consumption of stores and spares
33.01
15.08
Power, fuel and water
281.44
215.10
Conversion and plant operation charges
32.97
31.41
Building repairs
15.29
15.32
Plant and equipment repairs
62.08
52.62
Sundry repairs
6.87
6.15
Rent
1.87
1.95
Rates and taxes
1.85
1.24
Insurance
5.64
4.84
Freight, cartage and octroi
62.34
54.59
Discount and commission
18.73
13.76
Travelling and conveyance
12.86
11.37
Payments to Statutory Auditors
a) Audit fees
0.61
0.55
b) Other matters
0.31
0.28
c) Out of pocket expenses
0.01
0.01
Payments to Cost Auditors
a) Cost Audit fees
0.03
0.03
b) Out of pocket expenses
`
19,360 (Previous year:
`
31,381)
Directors’ fees and travelling
1.42
1.31
Directors’ commission (other than Executive Directors)
0.76
0.53
Goodwill on consolidation written off
0.11
–
Bad debts and irrecoverable balances written off
1.75
0.57
Exchange rate difference on consolidation for the year
2.16
14.90
Provision for doubtful debts
0.46
1.68
Provision for diminution in value of investment
0.47
0.07
Obsolete and unserviceable material written down
–
0.02
Loss on assets sold, discarded or demolished
0.01
0.17
Miscellaneous expenses
67.05
57.48
610.10
501.03
Notes
to the Consolidated Financial Statements