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Schedules annexed to and forming part of the Profit and Loss Account
(All amounts in millions of Indian Rupees, unless otherwise stated)
Year ended
31 March 2011
As at
31 March 2010
15. SALES AND OPERATING INCOME [Refer Note 13(b) of Schedule 21]
Sale of goods 12,105.76 10,281.58
Income from services 16.72 15.29
TOTAL 12,122.48 10,296.87
16. OTHER INCOME
Dividend received on non trade Investments - 0.08
Exchange gain (net) 203.20 -
Export Incentive 83.07 48.57
Provision for doubtful advances written back - 0.70
Guarantee commission 11.21 26.06
Miscellaneous income 17.24 16.49
TOTAL 314.72 91.90
17. COST OF SALES
Salary, wages, bonus and allowances 201.78 143.39
Contribution to Provident and other funds 8.12 5.05
Labour charges 148.32 148.25
Consumption of raw and packing materials [Refer Note 13(d) and (e) of Schedule 21] 2,379.86 2,002.79
Purchase of Traded goods [Refer Note 13(c) of Schedule 21] 871.58 841.50
Excise duty (34.47) (1.84)
Power, fuel and water charges 93.15 61.24
Consumption of stores and spares [Refer Note 13(e) of Schedule 21] 59.52 42.27
Repairs and maintenance - Plant and Machinery 27.04 21.09
Repairs and maintenance - Building 2.80 5.06
Rent 1.85 1.65
Other manufacturing expenses 14.70 14.36
(Increase)/Decrease in inventory 139.89 (20.88)
TOTAL 3,914.14 3,263.93
18. SELLING AND OPERATING EXPENSES
Salary, bonus and allowances 1,122.19 888.18
Contribution to Provident and other funds 58.55 41.92
Staff welfare expenses 40.27 34.99
Directors’ salaries, allowances and commission 55.09 36.61
Incentive and commission 217.45 179.43
Sales promotion expenses 1,045.63 919.63
Export commission 36.88 34.37
Commission on sales 67.93 44.86
Travelling expenses 502.32 403.39
Freight outward 244.21 165.39
Telephone expenses 20.45 19.25
Rates and taxes 8.36 7.52
Provision for doubtful debts 15.00 17.50
Insurance premium 24.24 17.32
Electricity charges 15.70 15.95
Rent 111.21 87.02
Repairs and maintenance - Others 69.77 59.13
Auditors’ remuneration
Audit fees 5.50 4.80
Other matters - 0.10
Out of pocket expenses 0.10 0.03
Loss on sale of assets 0.37 9.11
Exchange Loss - 1,143.54
Discounting charges 166.16 7.28
Other operating expenses 460.71 335.89
TOTAL 4,288.09 4,473.21
Annual Report 2010-2011 61