125 / 220
123
(
`
cr)
Note 24 Employee benefit expenses
2017-18
2016-17
Salaries, wages and bonus (refer Note 27.6)
162.17
155.29
Contribution to Provident and other funds (refer Note 27.6)
12.35
11.88
Staff welfare
6.82
6.06
181.34
173.23
(
`
cr)
Note 25 Finance costs
2017-18
2016-17
Interest on borrowings
6.38
17.16
Interest on financial liabilities at amortised cost
1.02
1.11
Interest on others
1.01
1.20
Other borrowings cost
0.49
0.52
Exchange difference regarded as an adjustment to borrowing cost
–
1.03
8.90
21.02
(
`
cr)
Note 26 Other expenses
2017-18
2016-17
Power, fuel and water
336.26
315.81
Freight, cartage and octroi
95.10
69.82
Manpower services
46.12
40.74
Consumption of stores and spares
45.90
44.87
Conversion and plant operation charges
40.82
32.07
Plant and equipment repairs
52.47
50.91
Building repairs
18.25
15.36
Sundry repairs
7.70
7.54
Rent
2.11
2.31
Rates and taxes
1.28
1.25
Insurance
5.44
6.96
Commission
11.60
7.40
Travelling and conveyance
17.10
15.85
Payments to the Statutory Auditors
a) Audit fees
0.26
0.29
b) Tax matters
0.09
0.09
c) Other matters
0.24
0.32
d) Out of pocket expenses
0.05
0.02
Payments to the Cost Auditors
a) Audit fees
0.03
0.02
b) Other matters (Previous year:
`
7,000)
–
c) Out of pocket expenses (Current year:
`
15,432 and Previous year:
`
17,970)
Directors’ fees and travelling
0.31
0.24
Directors’ commission (other than the Executive Directors)
0.79
0.79
Bad debts and irrecoverable balances written off
0.29
2.07
Loss on assets sold, discarded or demolished
0.12
0.20
Expenditure on Corporate Social Responsibility initiatives (refer Note 27.15)
7.39
6.60
Exchange rate difference - loss
–
5.43
Miscellaneous expenses
70.78
63.71
760.50
690.67
Notes
to the Financial Statements