234 Atul Ltd | Annual Report 2022-23 Atul Ltd | Annual Report 2022-23 Atul Ltd Atul House G I Patel Marg Ahmedabad 380 014, Gujarat India Atul Ltd | Annual Report 2022-23 Reconnect | Reimagine | Regrow Corporate Overview Statutory Reports Financial Statements (` cr) Note 29 Other expenses 2022-23 2021-22 Sundry repairs 13.16 13.51 Rent 2.82 1.86 Rates and taxes 2.48 1.81 Insurance 24.89 18.26 Commission 7.52 10.42 Travelling and conveyance 19.28 13.56 Auditor's remuneration1 1.64 1.54 Directors' fees and travelling 0.56 0.41 Directors' commission (other than the Executive Directors) 1.02 0.96 Bad debts and irrecoverable balances written off | (written back) 1.59 (1.30) Provision for doubtful debts (net ) 3.83 0.57 Loss on assets sold, discarded or demolished 32.32 1.87 Expenditure on Corporate Social Responsibility initiatives 16.31 15.43 Exchange rate difference - loss - 0.88 Miscellaneous expenses 94.95 98.38 1,418.50 1,238.28 1Details of Auditors’ remuneration are as follows: (` cr) Particulars 2022-23 2021-22 Remuneration to the Statutory Auditors a) Audit fees 1.27 1.16 b) Tax audit fees 0.12 0.11 c) Other matters 0.19 0.24 d) Out of pocket expenses 0.03 - Remuneration to the Cost Auditors a) Audit fees 0.03 0.03 1.64 1.54 Note 30.1 Contingent liabilities (` cr) Particulars As at March 31, 2023 As at March 31, 2022 Claims against the Group not acknowledged as debts in respect of: i) Excise duty 0.67 0.67 ii) Income tax 8.30 7.90 iii) Sales tax | VAT 0.71 0.71 iv) Customs duty 1.94 1.94 v) Others 1.44 109.75 vi) Corporate guarantee 58.76 51.75 Others include claims on account of contracts and labour matters, water charges and customer claims | potential claims included in the previous year were settled during the year. The regulatory claims are under litigation at various forums. The Group expects the outcome of the above matters to be in its favour and has, therefore, not recognised provision in relation to these claims. The above excludes interest | penalty unless demanded by the authorities. Note 29 Other expenses (continued)
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