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Atul Ltd | Annual Report 2015-16
(
`
cr)
Note 27 Other expenses
2015-16
2014-15
Consumption of stores and spares
38.99
39.78
Power, fuel and water
267.09
298.21
Conversion and plant operation charges
30.76
28.48
Building repairs
19.71
17.37
Plant and equipment repairs
59.31
58.04
Sundry repairs
7.33
6.86
Rent
2.80
2.29
Rates and taxes
1.45
1.54
Insurance
7.00
5.58
Freight, cartage and octroi
61.99
70.81
Discount and commission
18.17
19.22
Travelling and conveyance
15.98
14.16
Payments to the Statutory Auditors
a) Audit fees
0.80
0.79
b) Other matters
0.20
0.11
c) Out of pocket expenses
0.01
0.02
Payments to the Cost Auditors
a) Audit fees
0.02
0.02
b) Out of pocket expenses (Current year:
`
21,315 and Previous
year:
`
11,859)
Directors' fees and travelling
1.38
1.45
Directors' commission (other than the Executive Directors)
0.92
0.66
Manpower services
33.43
26.58
Goodwill on consolidation written off
1.89
–
Bad debts and irrecoverable balances written off
1.55
1.78
Exchange difference on translation of foreign subsidiary companies
(7.86)
(9.91)
Provision for doubtful debts
1.48
0.98
Loss on assets sold, discarded or demolished
1.11
0.87
Corporate Social Responsibility
5.45
3.95
Miscellaneous expenses
57.37
56.76
628.33
646.40
(
`
cr)
Note 28.1 Contingent liabilities
As at
March 31, 2016
As at
March 31, 2015
i) Claims against the Company not acknowledged as debts in
respects of:
a) Excise
7.70
7.25
b) Income tax
7.93
8.33
c) Sales tax
0.67
0.67
d) Customs
0.18
0.18
e) Water charges
89.65
79.84
f) Others
14.42
14.93
g) In respect of a customer claim amounting to
`
32.35 cr, the
Company, based on a legal opinion, believes that the claim will
not sustain.
Note: Future cash outflows in respect of (a) to (g) above are
determinable on receipt of judgements | decisions pending with
various forums | authorities.
ii) Guarantees given by the Company:
Corporate guarantee to a bank on behalf of a subsidiary company for
facilities availed by it.
–
9.25
Notes
to the Consolidated Financial Statements