Atul Ltd 2017-18

183 Notes to the Consolidated Financial Statements ( ` cr) Note 27 Finance costs 2017-18 2016-17 Interest on borrowings 7.38 18.11 Interest on financial liabilities at amortised cost 1.02 1.11 Interest on others 3.85 4.40 Other borrowings cost 0.49 0.52 Exchange difference (net) – 1.03 12.74 25.17 ( ` cr) Note 28 Other expenses 2017-18 2016-17 Power, fuel and water 348.92 322.91 Freight, cartage and octroi 95.57 70.17 Manpower services 37.38 33.80 Consumption of stores and spares 47.29 45.87 Conversion and plant operation charges 41.67 32.76 Plant and equipment repairs 55.41 52.25 Building repairs 19.01 15.83 Sundry repairs 7.76 7.54 Rent 2.77 2.97 Rates and taxes 1.35 1.33 Insurance 5.99 7.47 Commission 8.49 3.30 Travelling and conveyance 17.91 17.11 Payments to the Statutory Auditors a) Audit fees 0.70 0.75 b) Tax matters 0.09 0.09 c) Other matters 0.34 0.42 d) Out of pocket expenses 0.05 0.02 Payments to the Cost Auditors a) Audit fees 0.03 0.02 b) Other matters (Previous year: ` 7,000) – c) Out of pocket expenses (Current year: ` 15,432 and Previous year: ` 17,970) Directors' fees and travelling 1.79 1.71 Directors' commission (other than the Executive Directors) 0.86 0.85 Bad debts and irrecoverable balances written off 0.32 2.07 Loss on assets sold, discarded or demolished 0.12 0.20 Expenditure on Corporate Social Responsibility initiatives 7.63 6.72 Exchange rate difference - loss – 5.48 Miscellaneous expenses 72.28 57.23 773.73 688.87