Annual report (2010-11) - Essar

essAR poRts limited (formerly known as essar shipping ports & logistics limited)
SCHEDULES ATTACHED TO AND FORMING PART OF THE STATEMENT OF
PROFIT AND LOSS FOR THE YEAR ENDED 31 ST MARCH, 2011
Year ended Year ended
Particulars 31.03.2011 31.03.2010
(` in crore) (` in crore)
SCHEDULE 10
FLEET OPERATING EXPENSES
Consumption of fuel, oil and water 69.22 128.85
Direct voyage expenses 199.77 379.15
Commission, brokerage and agency fees 2.52 7.11
Salaries, wages, bonus and other expenses on off shore staff
– Salaries, wages and bonus 23.17 46.97
– Contribution to staff provident and other funds 0.77 0.58
– Staff welfare expenses 3.75 6.49
Consumption of stores and spares 7.04 14.94
Standing costs 10.92 16.95
Dry docking expenses 17.18 12.16
Insurance, protection and indemnity club fees 6.12 13.64
340.46 626.84
SCHEDULE 11
ESTABLISHMENT AND OTHER EXPENSES
Salaries, wages and bonus 18.04 20.16
Contribution to staff provident and other funds 1.28 1.46
Staff welfare expenses 0.80 1.52
Rent 4.01 7.05
Rates and taxes * 0.00 0.11
Repairs and maintenance-buildings 0.19 0.77
Repairs and maintenance-others 1.96 12.02
Legal and professional fees 6.96 16.34
Traveling and conveyance 2.19 5.55
Auditors’ remuneration (refer note no. B (7) of schedule 13) 0.48 0.63
Loss on sale / disposal of assets (net) – 0.04
Miscellaneous expenses 2.18 3.84
* amount is less than ` 1 lakh 38.09 69.49
SCHEDULE 12
INTEREST AND FINANCE EXPENSES
Interest to banks on secured loans 77.35 44.72
Interest to financial institution 9.66 4.19
Interest on debentures 40.44 46.49
Interest on others 8.27 50.99
Interest on finance lease obligations 30.47 66.59
Interest on Foreign currency convertible bonds 11.30 –
Guarantee fees, processing and other charges 0.47 0.70
Loan arrangement expenses 6.11 5.01
AnnuAl RepoRt 2010-11 ¬ 24
184.07 218.69