Atul Ltd 2012-13

81 Notes to financial statements ( ` cr) NOTE 24 EMPLOYEE BENEFIT EXPENSES 2012-13 2011-12 Salaries, wages and bonus 111.68 103.74 Contribution to Provident and other Funds 12.18 9.84 Payment under Voluntary retirement scheme - 0.05 Staff welfare 3.90 3.57 127.76 117.20 ( ` cr) NOTE 25 FINANCE COSTS 2012-13 2011-12 Interest on borrowings 27.40 29.45 Other borrowings cost 1.92 2.07 Applicable exchange difference to the extent considered as an adjustment to borrowing cost 3.81 11.58 33.13 43.10 ( ` cr) NOTE 26 OTHER EXPENSES 2012-13 2011-12 Consumption of stores and spares 15.03 15.08 Power, fuel & water 212.75 166.86 Conversion and plant operation charges 31.42 20.23 Building repairs 15.24 12.14 Plant and equipment repairs 52.62 46.94 Sundry repairs 6.13 5.38 Rent 1.47 1.25 Rates and taxes 1.15 1.45 Insurance 4.52 4.42 Freight, cartage and octroi 54.54 47.32 Discount and commission 18.40 17.84 Travelling and conveyance 10.62 8.84 Payments to Statutory Auditors a) Audit fees 0.33 0.27 b) Other matters 0.19 0.15 c) Out of pocket expenses 0.01 0.02 Payments to Cost Auditors a) Audit fees 0.02 0.02 b) Out of pocket expenses ` 31,831 (Previous year ` 11,546) Directors’ fees and travelling 0.23 0.21 Directors’ commission (other than Managing and Whole time Director) 0.53 0.45 Charities and donations 0.22 0.62 Bad debts and irrecoverable balances written off 0.44 3.01 Provision for doubtful debts 1.58 0.79 Provision for diminution in value of investment 0.96 - Loss on assets sold, discarded or demolished 0.13 0.06 Miscellaneous expenses 54.58 46.91 483.11 400.26 Consumption of stores and spares: Category 2012-13 2011-12 ` cr % ` cr % Imported 4.38 29% 4.54 30% Indigenous 10.65 71% 10.54 70% 15.03 100% 15.08 100%