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Atul Ltd | Annual Report 2016-17
(
`
cr)
Note 25 Finance costs
2016-17
2015-16
Interest on borrowings
17.16
20.25
Interest on financial liabilities at amortised cost
1.11
1.19
Interest on others
1.20
0.93
Other borrowings cost
0.52
0.67
Exchange difference regarded as an adjustment to borrowing cost
1.03
2.80
21.02
25.84
(
`
cr)
Note 26 Other expenses
2016-17
2015-16
Consumption of stores and spares
44.87
38.42
Power, fuel and water
315.81
263.32
Conversion and plant operation charges
32.07
36.63
Building repairs
15.36
19.45
Plant and equipment repairs
50.91
58.80
Sundry repairs
7.54
7.12
Rent
2.31
2.18
Rates and taxes
1.25
1.25
Insurance
6.96
6.33
Freight, cartage and octroi
69.82
61.81
Commission
7.40
8.53
Travelling and conveyance
15.85
14.76
Payments to the Statutory Auditors
a) Audit fees
0.29
0.29
b) Tax matters
0.09
0.07
c) Other matters
0.32
0.15
d) Out of pocket expenses
0.02
0.01
Payments to the Cost Auditors
a) Audit fees
0.02
0.02
b) Other matters (Current year:
`
7,000)
–
c) Out of pocket expenses (Current year:
`
17,970 and Previous year:
`
21,315)
Directors’ fees and travelling
0.24
0.18
Directors’ commission (other than the Executive Directors)
0.79
0.83
Manpower services
40.74
33.43
Bad debts and irrecoverable balances written off
2.07
1.55
Allowance for doubtful debts written off | (written back)
–
1.24
Loss on assets sold, discarded or demolished
0.20
1.01
Expenditure on Corporate Social Responsibility initiatives (refer Note 27.16)
6.60
5.31
Exchange rate difference - loss
5.43
–
Miscellaneous expenses
63.71
55.51
690.67
618.20
Notes
to the Financial Statements