Atul Ltd 2015-16

Atul Ltd | Annual Report 2015-16 ( ` cr) Note 27 Other expenses 2015-16 2014-15 Consumption of stores and spares 38.99 39.78 Power, fuel and water 267.09 298.21 Conversion and plant operation charges 30.76 28.48 Building repairs 19.71 17.37 Plant and equipment repairs 59.31 58.04 Sundry repairs 7.33 6.86 Rent 2.80 2.29 Rates and taxes 1.45 1.54 Insurance 7.00 5.58 Freight, cartage and octroi 61.99 70.81 Discount and commission 18.17 19.22 Travelling and conveyance 15.98 14.16 Payments to the Statutory Auditors a) Audit fees 0.80 0.79 b) Other matters 0.20 0.11 c) Out of pocket expenses 0.01 0.02 Payments to the Cost Auditors a) Audit fees 0.02 0.02 b) Out of pocket expenses (Current year: ` 21,315 and Previous year: ` 11,859) Directors' fees and travelling 1.38 1.45 Directors' commission (other than the Executive Directors) 0.92 0.66 Manpower services 33.43 26.58 Goodwill on consolidation written off 1.89 – Bad debts and irrecoverable balances written off 1.55 1.78 Exchange difference on translation of foreign subsidiary companies (7.86) (9.91) Provision for doubtful debts 1.48 0.98 Loss on assets sold, discarded or demolished 1.11 0.87 Corporate Social Responsibility 5.45 3.95 Miscellaneous expenses 57.37 56.76 628.33 646.40 ( ` cr) Note 28.1 Contingent liabilities As at March 31, 2016 As at March 31, 2015 i) Claims against the Company not acknowledged as debts in respects of: a) Excise 7.70 7.25 b) Income tax 7.93 8.33 c) Sales tax 0.67 0.67 d) Customs 0.18 0.18 e) Water charges 89.65 79.84 f) Others 14.42 14.93 g) In respect of a customer claim amounting to ` 32.35 cr, the Company, based on a legal opinion, believes that the claim will not sustain. Note: Future cash outflows in respect of (a) to (g) above are determinable on receipt of judgements | decisions pending with various forums | authorities. ii) Guarantees given by the Company: Corporate guarantee to a bank on behalf of a subsidiary company for facilities availed by it. – 9.25 Notes to the Consolidated Financial Statements