annual report - Jindal Group of Companies

Year Ended Year Ended31.03.2011 31.03.2010Rs.Rs.SCHEDULE : 15 - EMPLOYEES REMUNERATION & OTHER BENEFITSSalary, Wages & Other Allowances 399,698,265 354,321,678{Including Insurance charges of Rs.3,228,161/- (Previous year Rs. 4,384,456/-)}Contribution to Gratuity fund 3,662,002 3,808,753Contribution to PF & Other Funds 2,346,705 2,279,100Staff Welfare Expenses 5,905,852 6,120,601Staff Recruitment & Training Expenses 7,144,788 4,571,810418,757,612 371,101,942SCHEDULE : 16 - ADMINISTRATIVE EXPENSESElectricity & Water Charges 3,133,941 3,482,388Rent 19,989,327 19,598,598Rates & Taxes 411,559 1,144,835Postage, Telephone & Telex expenses 3,969,650 5,625,094Printing & Stationery 2,559,951 3,272,374Travelling & Conveyance- Directors 1,146,790 2,534,821- Others 9,075,082 9,624,645Vehicle Upkeep & Maintenance 4,092,651 5,604,735{Including Insurance charges of Rs. 315,627/- ( Previous year Rs. 212,555/-)}Repair & Maintenance- Building 148,102 377,690- Others 4,599,513 4,467,282Legal & Professional Charges 12,743,201 7,633,122Insurance (Administrative) 275,244 292,123Fees & Subscription 3,324,422 4,321,447Internal Auditors' Fees 300,000 250,000Auditors' Remuneration- Audit Fee 240,000 240,000- Tax Audit Fee 50,000 50,000- Other Services 175,000 95,000- Out of Pocket Expenses 40,500 30,400General Expenses 5,765,738 2,698,905Foreign Exchange Fluctuation Loss 68,299,178 73,970,541Directors' Sitting Fee 505,000 240,000Advertisement & Business Promotion 5,863,793 8,276,690Tender Expenses 284,500 265,000Loss on Sale / Discarded Fixed Assets (Net) 4,632,844 3,361,040151,625,986 157,456,730SCHEDULE : 17 - INTEREST & FINANCIAL CHARGESInterest on- Term Loan 1,623,054 5,414,670- Cash Credit 864,370 5,122,646- Others 11,130 2,844,224Bank Charges & Commission 3,850,401 5,323,677Derivative & Option Charges 2,986,860 -9,335,815 18,705,21745