Amal Ltd 2016-17

Notes to the Financial Statements Amal Ltd | Annual Report 2016-17 ( ` 000) Note 17 Manufacturing expenses 2016-17 2015-16 Power, fuel and water 22,239 23,235 Consumption of stores and spares 9,042 11,637 Plant operation charges 6,142 5,854 Repairs to machinery 7,963 6,879 Material handling charges 1,152 1,159 Cenvat reversed on sale of exempted goods 1,250 1,334 ETP expenses 1,049 1,067 48,837 51,165 ( ` 000) Note 18 Employee benefit expenses 2016-17 2015-16 Salaries, wages and bonus (refer note 29) 4,785 5,732 Contribution to provident and other funds (refer note 29) 240 314 Staff welfare expenses 87 70 Directors’ remuneration 339 594 5,451 6,710 ( ` 000) Note 19 Finance Costs 2016-17 2015-16 Interest cost on Redeemable Preference shares 8,452 7,303 Secured Loans 11,873 10,043 Unsecured Loans 6,413 6,202 26,738 23,548 ( ` 000) Note 20 Other expenses 2016-17 2015-16 Security service charges 2,423 2,685 Business and auxiliary service charges 2,808 1,622 Legal and professional charges 1,108 619 Directors' sitting fees 484 481 Operating agency fees | charges - 671 Advertisement | publicity 33 55 Freight and forwarding 52 56 Rent - refer note 24 129 128 Rates and taxes 639 491 Insurance premium 171 158 Internet | software 14 16 Printing and stationery 215 275 Postage and telephone 123 168 Remuneration to Statutory and Tax Auditors - refer note 23 715 690 Remuneration to Internal | Vat Auditors 282 308 Garden maintenance and house keeping - 158 Listing, depository and membership fees 303 268 Travelling | Conveyance 245 231 Meeting expenses 35 35 Loss on prepayment of loan 1,009 - Sales tax expenses 9 40 Miscellaneous expenses 651 472 11,448 9,627