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Atul Ltd | Annual Report 2014-15
(
`
cr)
NOTE 25 EMPLOYEE BENEFIT EXPENSES
2014-15
2013-14
Salaries, wages and bonus
146.09
134.10
Contribution to Provident and other funds
11.39
9.78
Staff welfare
5.81
5.79
163.29
149.67
(
`
cr)
NOTE 26 FINANCE COSTS
2014-15
2013-14
Interest on borrowings
21.67
28.50
Interest on income tax
–
0.60
Interest on others
1.77
2.40
Other borrowings cost
2.25
0.92
Applicable exchange difference to the extent considered as an adjustment
to borrowing cost
–
1.02
25.69
33.44
(
`
cr)
NOTE 27 OTHER EXPENSES
2014-15
2013-14
Consumption of stores and spares
39.78
33.01
Power, fuel and water
298.21
281.44
Conversion and plant operation charges
28.48
32.97
Building repairs
17.37
15.29
Plant and equipment repairs
58.04
62.08
Sundry repairs
6.86
6.87
Rent
2.29
1.87
Rates and taxes
1.54
1.85
Insurance
5.58
5.64
Freight, cartage and octroi
70.81
62.34
Discount and commission
19.22
18.73
Travelling and conveyance
14.16
12.86
Payments to the Statutory Auditors
a) Audit fees
0.79
0.61
b) Other matters
0.11
0.31
c) Out of pocket expenses
0.02
0.01
Payments to the Cost Auditors
a) Cost Audit fees
0.02
0.03
b) Out of pocket expenses (Current year: Nil and
Previous year:
`
19,360)
–
Directors' fees and travelling
1.45
1.42
Directors' commission (other than the Executive Directors)
0.66
0.76
Goodwill on consolidation written off
–
0.11
Bad debts and irrecoverable balances written off
1.78
1.75
Exchange rate difference on consolidation for the year
(9.91)
2.16
Provision for doubtful debts
0.98
0.46
Provision for diminution in value of investment
–
0.47
Loss on assets sold, discarded or demolished
0.87
0.01
Contribution to Corporate Social Responsibility initiatives
3.95
–
Miscellaneous expenses
83.34
67.05
646.40
610.10
Notes
to the Consolidated Financial Statements