Page 155 - Kolte Patil AR 2019-20

Notes forming part of the standalone financial statements

NOTE 29 - EMPLOYEE BENEFIT EXPENSES (H in Lakhs)
As at As at
Particulars
March 31, 2020 March 31, 2019
(a) Salaries and wages 4,011 3,659
(b) Contribution to provident and other funds (Refer Note 35) 358 376
(c) Share based payments to employees 196 169
(d) Staff welfare expenses 54 100
Total 4,619 4,304

NOTE 30 - FINANCE COST (H in Lakhs)

As at As at
Particulars
March 31, 2020 March 31, 2019
(a) Interest on:
Term loans 3,197 2,957
Working capital loans 1,715 646
(b) Other borrowing costs 403 225
Total 5,315 3,828

NOTE 31 - OTHER EXPENSES (H in Lakhs)
As at As at
Particulars
March 31, 2020 March 31, 2019
(a) Advertisement, Promotion & Selling Expenses 2,383 2,475
(b) Power and fuel consumed 104 120
(c) Rent including lease rentals 125 494
(d) Repairs and maintenance
- Buildings 16 24
- Machinery 7 11
- Others 746 629
(e) Insurance 163 105
(f) Rates and taxes 384 287
(g) Communication 44 49
(h) Travelling and conveyance 517 393
(i) Printing and stationery 65 58
(j) Legal and professional fees 754 854
(k) Payment to auditors (Refer Note 34) 70 90
(l) Expenditure on Corporate Social Responsibility (Refer Note 44) 404 218
(m) Loss on disposal/written off of property, plant and equipment - (Net) - 7
Loss on fair valuation of Investment in optionally convertible debentures - Net (Refer
(n) 147 -
Note 43)*
(o) Miscellaneous expenses 548 835
Total 6,477 6,649
* The Company, in accordance with the requirements of the applicable accounting standards, has carried out fair valuation as on June 30,
2019 on modification in terms of its investments in Optionally Convertible Debentures of Snowflower Properties Private Limited (“SPPL)
resulting in loss of H255 Lakhs. As on March 31, 2020, as per the requirements of the applicable accounting standards, Company has carried
out fair valuation of optionally convertible debentures in SPPL as on March 31, 2020 resulting in gain of H111 Lakhs. Hence, the net impact on
account of fair valuation of optionally convertible debenture during the year is loss of H144 Lakhs.

Annual Report 2019-20 | 153