Annual Report-FY 2012-13 - Timex Group India

(Rs. in lakhs)31 March 2013 31 March 201226. Other expensesConsumption of stores and spare parts 19 15Power and fuel 53 51Selling and distribution 433 473Rent (refer note 29) 384 357Repairs and maintenance- Building 22 23- Machinery 43 29- Others 7 24Insurance 27 25Rates and taxes, excluding taxes on income 177 195Travelling 412 455Legal and professional (refer note below) 223 187Commission 40 153Advertising, marketing and brand building expenses* 2,393 2,367Bank charges 9 12Communication 81 83Warranty 109 157Director’s sitting fees 14 9Purchased services 427 344Bad debts written off 94 -Provision for doubtful debts 312 81Provision for doubtful advances 20 31Provision for contingencies - 11Assets written off (net) 1 1Loss on sale of assets (net) 4 3Margin loss and unearned margin on sales return 156 34Foreign exchange loss (net) 349 422Miscellaneous expenses 283 3036,092 5,844*Advertising, marketing and brand building expenses for the year ended 31 March 2013 include prior period expenseamounting Rs. Nil (previous year Rs. 6 lakhs)Note: Payment to auditorsAs auditorStatutory audit 18 18Tax audit 2 2Limited review of quarterly results 18 18In other capacityGroup audit 8 8Other services 2 -Reimbursement of expenses 4 352 4946