Page 213 - Kolte Patil AR 2019-20

Notes forming part of the Consolidated Financial Statements

NOTE 29 - COST OF SERVICES, CONSTRUCTION AND LAND
(H in Lakhs)
For the year ended For the year ended
Particulars
March 31, 2020 March 31, 2019
(a) Opening stock including raw material, construction work-in-progress and completed
properties 282,697 183,639
Add: Transitional adjustment on account of application of Ind AS 115 - 77,275
Sub Total (a) 282,697 260,914
(b) Add: Cost incurred during the year
Cost of land/ development rights/completed properties 7,021 8,009
Purchase of material 15,593 21,526
Contract cost and labour charges 33,305 27,620
Other construction expenses 6,789 6,902
Personnel costs 2,960 2,654

Sub Total (b) 65,668 66,711

(c) Less : Closing stock including Raw material, construction work-in-progress and completed (c) 275,816 282,697
properties

Sub Total (a+b-c) I 72,549 44,928

Cost of Services II 724 506

Total I+II 73,273 45,434

NOTE 30 - EMPLOYEE BENEFITS EXPENSE (H in Lakhs)
For the year ended For the year ended
Particulars
March 31, 2020 March 31, 2019
(a) Salaries and wages 8,083 7,241
Less: Transferred to inventory (Refer Note 9 and 29) (2,960) (2,654)
(b) Contribution to provident and other funds (Refer note 38) 454 471
(c) Share based payments to employees 196 168
(d) Staff welfare expenses 96 154
Total 5,869 5,380

Annual Report 2019-20 | 211