Atul Ltd 2013-14

89 ( ` cr) NOTE 24 EMPLOYEE BENEFIT EXPENSES 2013-14 2012-13 Salaries, wages and bonus 125.19 111.68 Contribution to provident and other funds 9.67 12.18 Staff welfare 4.93 3.74 139.79 127.60 ( ` cr) NOTE 25 FINANCE COSTS 2013-14 2012-13 Interest on borrowings 26.81 25.97 Interest on income tax 0.60 – Interest on others 2.40 1.43 Other borrowings cost 0.60 1.92 Applicable exchange difference to the extent considered as an adjustment to borrowing cost 1.02 2.30 31.43 31.62 ( ` cr) NOTE 26 OTHER EXPENSES 2013-14 2012-13 Consumption of stores and spares 32.69 15.03 Power, fuel and water 277.99 212.75 Conversion and plant operation charges 33.39 31.42 Building repairs 15.04 15.24 Plant and equipment repairs 61.77 52.62 Sundry repairs 6.84 6.13 Rent 1.40 1.47 Rates and taxes 1.72 1.15 Insurance 5.18 4.52 Freight, cartage and octroi 62.27 54.54 Discount and commission 22.19 18.40 Travelling and conveyance 12.00 10.62 Payments to Statutory Auditors a) Audit fees 0.33 0.33 b) Other matters 0.15 0.19 c) Out of pocket expenses 0.01 0.01 Payments to Cost Auditors a) Audit fees 0.03 0.02 b) Out of pocket expenses ` 19,360 (Previous year: ` 31,831) Directors’ fees and travelling 0.23 0.23 Directors’ commission (other than Executive Directors) 0.74 0.53 Bad debts and irrecoverable balances written off 1.33 0.44 Provision for doubtful debts 0.56 1.58 Provision for diminution in value of investment 0.44 0.96 Loss on assets sold, discarded or demolished 0.01 0.13 Miscellaneous expenses 64.40 54.96 600.71 483.27 Consumption of stores and spares: Category 2013-14 2012-13 ` cr % ` cr % Imported 6.85 21% 4.38 29% Indigenous 25.84 79% 10.65 71% 32.69 100% 15.03 100% Notes to the Financial Statements