Atul Ltd 2016-17

Atul Ltd | Annual Report 2016-17 ( ` cr) Note 25 Finance costs 2016-17 2015-16 Interest on borrowings 17.16 20.25 Interest on financial liabilities at amortised cost 1.11 1.19 Interest on others 1.20 0.93 Other borrowings cost 0.52 0.67 Exchange difference regarded as an adjustment to borrowing cost 1.03 2.80 21.02 25.84 ( ` cr) Note 26 Other expenses 2016-17 2015-16 Consumption of stores and spares 44.87 38.42 Power, fuel and water 315.81 263.32 Conversion and plant operation charges 32.07 36.63 Building repairs 15.36 19.45 Plant and equipment repairs 50.91 58.80 Sundry repairs 7.54 7.12 Rent 2.31 2.18 Rates and taxes 1.25 1.25 Insurance 6.96 6.33 Freight, cartage and octroi 69.82 61.81 Commission 7.40 8.53 Travelling and conveyance 15.85 14.76 Payments to the Statutory Auditors a) Audit fees 0.29 0.29 b) Tax matters 0.09 0.07 c) Other matters 0.32 0.15 d) Out of pocket expenses 0.02 0.01 Payments to the Cost Auditors a) Audit fees 0.02 0.02 b) Other matters (Current year: ` 7,000) – c) Out of pocket expenses (Current year: ` 17,970 and Previous year: ` 21,315) Directors’ fees and travelling 0.24 0.18 Directors’ commission (other than the Executive Directors) 0.79 0.83 Manpower services 40.74 33.43 Bad debts and irrecoverable balances written off 2.07 1.55 Allowance for doubtful debts written off | (written back) – 1.24 Loss on assets sold, discarded or demolished 0.20 1.01 Expenditure on Corporate Social Responsibility initiatives (refer Note 27.16) 6.60 5.31 Exchange rate difference - loss 5.43 – Miscellaneous expenses 63.71 55.51 690.67 618.20 Notes to the Financial Statements