91 / 148
89
(
`
cr)
NOTE 24 EMPLOYEE BENEFIT EXPENSES
2013-14
2012-13
Salaries, wages and bonus
125.19
111.68
Contribution to provident and other funds
9.67
12.18
Staff welfare
4.93
3.74
139.79
127.60
(
`
cr)
NOTE 25 FINANCE COSTS
2013-14
2012-13
Interest on borrowings
26.81
25.97
Interest on income tax
0.60
–
Interest on others
2.40
1.43
Other borrowings cost
0.60
1.92
Applicable exchange difference to the extent considered as an
adjustment to borrowing cost
1.02
2.30
31.43
31.62
(
`
cr)
NOTE 26 OTHER EXPENSES
2013-14
2012-13
Consumption of stores and spares
32.69
15.03
Power, fuel and water
277.99
212.75
Conversion and plant operation charges
33.39
31.42
Building repairs
15.04
15.24
Plant and equipment repairs
61.77
52.62
Sundry repairs
6.84
6.13
Rent
1.40
1.47
Rates and taxes
1.72
1.15
Insurance
5.18
4.52
Freight, cartage and octroi
62.27
54.54
Discount and commission
22.19
18.40
Travelling and conveyance
12.00
10.62
Payments to Statutory Auditors
a) Audit fees
0.33
0.33
b) Other matters
0.15
0.19
c) Out of pocket expenses
0.01
0.01
Payments to Cost Auditors
a) Audit fees
0.03
0.02
b) Out of pocket expenses
`
19,360 (Previous year:
`
31,831)
Directors’ fees and travelling
0.23
0.23
Directors’ commission (other than Executive Directors)
0.74
0.53
Bad debts and irrecoverable balances written off
1.33
0.44
Provision for doubtful debts
0.56
1.58
Provision for diminution in value of investment
0.44
0.96
Loss on assets sold, discarded or demolished
0.01
0.13
Miscellaneous expenses
64.40
54.96
600.71
483.27
Consumption of stores and spares:
Category
2013-14
2012-13
`
cr
%
`
cr
%
Imported
6.85
21%
4.38
29%
Indigenous
25.84
79%
10.65
71%
32.69
100%
15.03
100%
Notes
to the Financial Statements