Statutory Reports
Corporate Overview
69th Annual Report 2013-14
196
Financial Statements
(Consolidated)
25.
Employee cost / benefits expenses
2013-2014
2012-2013
(a) Salaries, wages and bonus
16,715.33
13,222.43
(b) Contribution to provident fund and other funds
2,601.70
1,663.67
(c) Staff welfare expenses
2,239.39
1,746.09
Total
21,556.42
16,632.19
26.
Finance cost
2013-2014
2012-2013
(a) Interest
5,550.51
4,135.28
Less: Transferred to capital account
(1,474.72)
(1,273.75)
4,075.79
2,861.53
(b) Discounting charges
657.99
698.72
Total
4,733.78
3,560.25
27.
Other expenses
2013-2014
2012-2013
(a) Processing charges
1,093.53
1,450.56
(b) Consumption of stores and spare parts
1,682.34
1,424.12
(c) Power and fuel
1,128.69
1,077.77
(d) Rent
465.86
317.55
(e) Repairs to buildings
93.58
120.84
(f) Repairs to plant, machinery etc.
261.45
202.24
(g) Insurance
278.75
225.91
(h) Rates and taxes
265.51
203.07
(i) Freight, transportation, port charges etc.
6,879.75
4,803.67
(j) Publicity
8,064.10
6,607.14
(k) Excise duty on change in closing stock
(48.33)
116.49
(l) Works operation and other expenses (Note below)
23,660.54
19,098.97
Total
43,825.77
35,648.33
Note :
Works operation and other expenses include:
(i) Warranty and product liability expenses
6,207.44
4,203.91
(ii) Computer expenses
1,762.80
1,126.48
(iii) Engineering expenses
5,465.75
2,586.10
(iv) Misc.contract jobs / Outsourcing expenses
3,494.92
4,403.01
(v) Lease rentals in respect of plant, machinery and equipment
196.38
271.66
(vi) Provision and write off of sundry debtors, vehicle loans and advances (net)
1,187.70
525.33
(vii) Exchange loss / (gain)
(1,629.12)
433.27
NOTES FORMING PART OF CONSOLIDATED FINANCIAL STATEMENTS
(
R
in crores)
