155
NOTES FORMING PART OF FINANCIAL STATEMENTS
(
`
in crores)
24.
Employee cost / benefits expense
2013-2014
2012-2013
(a)
Salaries, wages and bonus
2,355.59
2,312.15
(b)
Contribution to provident fund and other funds
218.94
207.53
(c)
Staff welfare expenses
303.16
317.32
2,877.69
2,837.00
25.
Finance cost
2013-2014
2012-2013
(a)
Interest
1,359.48
1,378.78
Less: Transferred to capital account
(366.52)
(327.33)
992.96
1,051.45
(b)
Discounting charges
344.56
336.31
1,337.52
1,387.76
26.
Other expenses
2013-2014
2012-2013
(a)
Processing charges
1,416.70
1,743.64
(b)
Consumption of stores and spare parts
497.90
655.67
(c)
Power and fuel
392.09
484.66
(d)
Rent
92.80
84.11
(e)
Repairs to buildings
48.93
91.97
(f)
Repairs to plant, machinery etc.
94.39
95.61
(g)
Insurance
80.03
74.80
(h)
Rates and taxes
86.08
32.01
(i)
Freight, transportation, port charges, etc.
905.01
929.63
(j)
Publicity
612.18
792.67
(k)
Excise duty on change in closing stock
(68.37)
58.41
(l)
Works operation and other expenses [note below]
2,829.79
2,740.14
6,987.53
7,783.32
Note :
Works operation and other expenses include
(a)
Warranty expenses
343.78
353.05
(b)
Computer expenses
594.51
529.43
(c)
Consultancy
181.33
189.96
(d)
Provisions and write off for sundry debtors, vehicle loans and advances
262.40
35.80
Independent Auditors’Report
Balance Sheet
(134-169)
Statement of Profit and Loss
Cash Flow Statement
Notes to Accounts
