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149

(

`

cr)

Note 23 Other income

2015-16

2014-15

Dividend on long-term investments

2.79

1.97

Dividend on short-term investments

0.29

0.14

Interest from investment (Previous year:

`

4960)

0.11

Interest from others

2.77

0.48

Lease income

0.20

0.20

Provisions no longer required

6.52

1.62

Surplus on sale of fixed assets

1.27

1.39

Exchange rate difference gain | (loss) (net)

5.07

(0.02)

Profit on sale of long-term investment

–

1.58

Provisions for doubtful debts written back

0.24

0.68

Miscellaneous income

11.45

2.21

30.71

10.25

(

`

cr)

Note 24 Changes in inventories of finished goods,

work-in-progress and stock-in-trade

2015-16

2014-15

Stocks at close

Finished goods

172.29

159.53

Work-in-progress

123.94

115.27

Stock-in-trade

7.20

4.46

303.43

279.26

Less: Stocks at commencement

Finished goods

159.53

181.39

Work-in-progress

115.27

106.81

Stock-in-trade

4.46

3.05

279.26

291.25

(24.17)

11.99

Excise duty variation on opening | closing stocks of finished goods

(0.84)

(1.03)

(Increase) | Decrease in inventories

(25.01)

10.96

(

`

cr)

Note 25 Employee benefit expenses

2015-16

2014-15

Salaries, wages and bonus

162.99

146.09

Contribution to Provident and other funds

14.47

11.39

Staff welfare

7.20

5.81

184.66

163.29

(

`

cr)

Note 26 Finance costs

2015-16

2014-15

Interest on borrowings

20.95

21.67

Interest on others

1.84

1.77

Other borrowings cost

1.98

2.25

Applicable exchange difference to the extent considered as an adjustment

to borrowing cost

2.80

–

27.57

25.69

Notes

to the Consolidated Financial Statements