Atul Ltd 2015-16

149 ( ` cr) Note 23 Other income 2015-16 2014-15 Dividend on long-term investments 2.79 1.97 Dividend on short-term investments 0.29 0.14 Interest from investment (Previous year: ` 4960) 0.11 Interest from others 2.77 0.48 Lease income 0.20 0.20 Provisions no longer required 6.52 1.62 Surplus on sale of fixed assets 1.27 1.39 Exchange rate difference gain | (loss) (net) 5.07 (0.02) Profit on sale of long-term investment – 1.58 Provisions for doubtful debts written back 0.24 0.68 Miscellaneous income 11.45 2.21 30.71 10.25 ( ` cr) Note 24 Changes in inventories of finished goods, work-in-progress and stock-in-trade 2015-16 2014-15 Stocks at close Finished goods 172.29 159.53 Work-in-progress 123.94 115.27 Stock-in-trade 7.20 4.46 303.43 279.26 Less: Stocks at commencement Finished goods 159.53 181.39 Work-in-progress 115.27 106.81 Stock-in-trade 4.46 3.05 279.26 291.25 (24.17) 11.99 Excise duty variation on opening | closing stocks of finished goods (0.84) (1.03) (Increase) | Decrease in inventories (25.01) 10.96 ( ` cr) Note 25 Employee benefit expenses 2015-16 2014-15 Salaries, wages and bonus 162.99 146.09 Contribution to Provident and other funds 14.47 11.39 Staff welfare 7.20 5.81 184.66 163.29 ( ` cr) Note 26 Finance costs 2015-16 2014-15 Interest on borrowings 20.95 21.67 Interest on others 1.84 1.77 Other borrowings cost 1.98 2.25 Applicable exchange difference to the extent considered as an adjustment to borrowing cost 2.80 – 27.57 25.69 Notes to the Consolidated Financial Statements