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194
Sixty-Seventh Annual Report 2011-2012
NOTESFORMINGPARTOFCONSOLIDATEDFINANCIALSTATEMENTS
(
`
in crores)
2011-2012
2010-2011
26. Employee cost / benefits expenses
(a) Salaries, wages and bonus
9,780.46
7,515.04
(b) Contribution to provident fund and other funds
1,303.97
877.13
(c) Staff welfare expenses
1,214.02
950.50
12,298.45
9,342.67
2011-2012
2010-2011
27. Finance cost
(a) Interest
3,182.42
2,229.72
Less: Transferred to capital account
(777.76)
(511.23)
2,404.66
1,718.49
(b) Discounting charges
577.56
666.78
2,982.22
2,385.27
2011-2012
2010-2011
28. Other Expenses
(a) Processing charges
1,539.14
1,172.48
(b) Consumption of stores and spare parts
1,217.24
1,189.24
(c) Power and fuel
1,017.19
851.60
(d) Rent
128.84
104.72
(e) Repairs to buildings
101.51
69.85
(f ) Repairs to plant, machinery etc
175.42
228.45
(g) Insurance
227.18
161.71
(h) Rates and taxes
259.15
193.56
(i) Freight, transportation, port charges, etc.
3,734.55
2,436.93
(j) Publicity
5,398.40
4,089.95
(k) Excise duty on closing stock
116.80
139.05
(l) Works operation and other expenses (Note below)
14,538.55
11,065.55
28,453.97
21,703.09
Note :
Works operation and other expenses include:
(i) Warranty and product liability expenses
3,427.45
2,927.68
(ii) Computer expenses
1,124.64
881.06
(iii) Lease rentals in respect of plant, machinery and equipment
185.64
117.62
(iv) Provision and write off of sundry debtors, vehicle loans and advances (net)
554.45
548.25
(v) Exchange gain
(405.85)
(78.06)