121 / 140
119
Notes
to Consolidated financial statements
(
`
cr)
NOTE 24 EMPLOYEE BENEFIT EXPENSES
2011-12
2010-11
Salaries, wages and bonus
107.56
91.58
Contribution to Provident and other Funds
9.87
9.17
Payment under Voluntary retirement scheme
0.66
0.48
Staff welfare
3.57
3.10
121.66
104.33
(
`
cr)
NOTE 25 FINANCE COST
2011-12
2010-11
Interest on borrowings
29.49
23.55
Other borrowing cost
2.24
2.75
Applicable exchange difference to the extent considered as an
adjustment to borrowing cost
11.58
-
43.31
26.30
(
`
cr)
NOTE 26 OTHER EXPENSES
2011-12
2010-11
Stores and spares consumed
15.08
10.93
Power, fuel & water
167.09
137.61
Conversion and plant operation charges
20.23
14.89
Building repairs
12.14
10.55
Plant and equipment repairs
46.94
45.08
Rent
1.60
1.56
Rates and taxes
1.53
0.90
Insurance
4.60
3.78
Freight, cartage and octroi
47.32
44.36
Discount and commission
0.02
-
Travelling and conveyance
0.41
0.46
Payments to Statutory Auditors
a) Audit fees
0.50
0.43
b) Other matters
0.15
0.12
c) Out of pocket expenses
0.02
0.01
Payments to Cost Auditors
a) Cost audit fees
0.02
0.02
b) Out of pocket expenses
`
11,546 (Previous year
`
11,391)
-
-
Directors’ fees and travelling
0.31
0.27
Directors’ commission (other than Managing and Whole time Director)
0.45
0.51
Charities and donations
0.62
0.37
Bad debts and irrecoverable balances written off
3.01
1.47
Irrecoverable loans and advances written off
-
2.75
Less: Adjustments against provision for contingencies
-
2.75
-
-
Goodwill on consolidation written off
2.70
Exchange rate difference on consolidation for the year
(17.00)
(0.46)
Provision for doubtful debts
0.79
0.64
Miscellaneous expenses
91.37
89.56
Obsolete and unserviceable material written down
-
0.60
Loss on assets sold, discarded or demolished
0.06
1.97
399.96
365.63