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154
Sixty-Seventh Annual Report 2011-2012
24. Employee cost/ benefits expense
2011-2012
2010-2011
(a)
Salaries, wages and bonus
2,193.80
1,841.62
(b) Contribution to provident fund and other funds
210.55
219.49
(c)
Staff welfare expenses
287.10
232.91
2,691.45
2,294.02
25. Finance cost
2011-2012
2010-2011
(a)
Interest
1,058.61
1,064.95
Less: Transferred to capital account
(209.17)
(148.00)
849.44
916.95
(b) Discounting charges
369.18
466.75
1,218.62
1,383.70
26. Other Expenses
2011-2012
2010-2011
(a)
Processing charges
2,057.51
1,676.07
(b) Consumption of stores and spare parts
753.02
625.45
(c)
Power and fuel
550.89
471.28
(d) Rent
65.34
52.43
(e) Repairs to buildings
80.43
50.86
(f )
Repairs to plant, machinery etc
95.15
77.39
(g) Insurance
68.35
55.11
(h) Rates and taxes
34.03
28.70
(i)
Freight, transportation, port charges, etc.
1,052.87
743.90
(j)
Publicity
948.65
724.52
(k)
Excise duty on closing stock
89.34
15.12
(l)
Works operation and other expenses [Note below]
2,609.93
2,217.52
8,405.51
6,738.35
2011-2012
2010-2011
Note:
Works operation and other expenses include
(a)
Warranty expenses
368.92
382.81
(b) Computer expenses
432.93
338.53
(c)
Consultancy
275.23
177.58
(d) Provisions and write off for sundry debtors, vehicle loans and advances
103.04
184.08
(
`
in crores)
NOTES FORMING PART OF FINANCIAL STATEMENTS