Atul Ltd 2011-12

81 ( ` cr) ( ` cr) ( ` cr) Notes to financial statements NOTE 23 C HANGES IN INVENTORIES OF FINISHED GOODS, WORK-IN-PROGRESS AND STOCK-IN-TRADE 2011-12 2010-11 Stocks at close Finished goods 80.46 70.98 Work-in-progress 108.27 101.46 Stock-in-trade 3.45 3.71 192.18 176.15 Less: Stocks at commencement Finished goods 70.98 63.80 Work-in-progress 101.46 87.79 Stock-in-trade 3.71 - 176.15 151.59 (16.03) (24.56) Excise duty variation on opening | closing stocks 0.70 (0.71) (Increase) | decrease in inventories (15.33) (25.27) NOTE 24 EMPLOYEE BENEFIT EXPENSES 2011-12 2010-11 Salaries, wages and bonus 103.74 89.00 Contribution to Provident and other Funds 9.84 9.15 Payment under Voluntary retirement scheme 0.05 0.44 Staff welfare 3.57 3.10 117.20 101.69 NOTE 25 FINANCE COSTS 2011-12 2010-11 Interest on borrowings 29.45 23.48 Other borrowings cost 2.07 2.74 Applicable exchange difference to the extent considered as an adjustment to borrowing cost 11.58 - 43.10 26.22