Annual report 2012-2013 - Grasim

NOTES FORMING PART OF THE
FINANCIAL STATEMENTS
Grasim Industries Limited - Annual Report 2012-2013
Current
Year
` in Crore
Previous
Year
3.8 OTHER EXPENSES
3.8.1 Manufacturing Expenses
Consumption of Stores, Spare Parts and Components, and
Incidental Expenses 115.96 110.76
Consumption of Packing Materials 39.78 34.21
Processing Charges 37.81 13.73
Repairs to Buildings 14.78 16.73
Repairs to Machinery 31.71 29.60
STANDALONE FINANCIAL STATEMENTS
3.8.2 Administration, Selling and Distribution Expenses
Advertisement 7.07 12.11
Discounts, Sales Promotion and Other Selling Expenses 27.44 23.59
Provision for Bad and Doubtful Debts 0.21 0.55
Insurance 6.51 5.37
Rent (Including Lease Rent) (Note 4.8.5) 7.46 4.76
Rates and Taxes 3.44 4.29
Research Contribution and Expenses 16.86 10.96
Donations 20.51 15.58
Directors’ Fees 0.11 0.12
Directors’ Commission 11.00 11.00
Diminution in Value of Long-Term Investments (2.12.4) 0.05 -
Miscellaneous Expenses 97.29 80.05
437.99 373.41
3.8.3 Auditors’ Remuneration (excluding Service Tax) charged
to the Statement of Profit and Loss
Payments to Statutory Auditors:
Audit Fee 0.44 0.38
Tax Audit Fee 0.03 0.03
Fees for Other Services 0.22 0.27
Reimbursement of Expenses 0.02 0.06
Payments to Branch Auditors:
Audit Fee 0.01 0.01
Tax Audit Fee * ` 30,000 (Previous Year ` 30,000) * *
Fees for Other Services ** ` 20,000 (Previous Year ` 20,000) ** **
Reimbursement of Expenses *** ` 7,809 (Previous Year ` 14,360) *** ***
Payments to Cost Auditors:
Audit Fee 0.02 0.01
Fees for Other Services # ` 1,500 (Previous Year ` 1,500) # #
Reimbursement of Expenses ## (Previous Year ` 17,820) 0.01 ##
3.9 FINANCE COSTS
Interest on Fixed Period Loans # 47.14 34.29
Interest and Other Borrowing Costs 8.71 2.83
Exchange (Gain)/Loss on Foreign Currency Borrowings 3.26 -
59.11 37.12
Less: Capitalised 20.02 1.30
# Net of Interest Subsidy from Government ` 36.30 Crore
(Previous Year ` 16.86 Crore)
39.09 35.82
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