Notes on the financial statements
(
`
in crores)
Year ended
31 March 2016
Year ended
31 March 2015
Other Manufacturing Expenses
Stores and Spares Consumed
44.93
43.20
Power and Fuel
254.63
288.13
Excise Duty Variance on opening and closing Stocks
3.93
8.67
303.49
340.00
Repairs & maintenance
- Building
5.05
4.24
- Machinery
8.00
6.33
- Others
2.17
2.43
15.22
13.00
Administrative Expenses
Rent
9.85
8.13
Rates & Taxes
1.14
0.59
Traveling & Conveyance Expenses
24.13
23.64
Insurance Charges
1.93
1.66
Legal & Professional Charges
2.86
2.45
Auditors' Remuneration :
- As Audit Fees
0.30
0.27
- For Tax Audit, Certification & Tax Representations
0.11
0.09
- For Other Matters
0.03
0.07
Miscellaneous Expenses
17.62
15.95
57.97
52.85
Selling & Distribution Expenses
Packing Freight & Forwarding Expenses
32.51
36.29
Advertisement, Publicity & Sales Promotion
53.31
53.33
Sales Commission
16.18
17.09
102.00
106.71
Others
Loss on Sale / Scrapping of Fixed Assets
3.43
1.32
Provision for bad & doubtful debts
0.50
0.00
CSR Expenses
3.59
1.10
Research & Development Expenses
8.13
6.28
15.65
8.70
494.33
521.26
26. OTHER EXPENSES
(
`
in crores)
As at
31 March 2016
As at
31 March 2015
a) In respect of Bills discounted With the Company’s Bankers
0.13
8.29
b) Counter guarantees issued in respect of guarantees issued by company’s bankers
1.01
1.12
c) Guarantees provided on behalf of subsidiaries
209.24
223.23
d) In respect of VAT, Service Tax & Custom Duty Demands pending before various authorities
and in dispute
1.45
0.92
e) In respect of pending income tax demands
0.00
0.18
f) In respect of Consumer Cases
1.28
2.02
27. CONTINGENT LIABILITIES
(excluding matters separately dealt with in other notes):
119
Annual Report 2015-16
