Page 214 - Kolte Patil AR 2019-20

Notes forming part of the Consolidated Financial Statements

NOTE 31 - FINANCE COST (H in Lakhs)

For the year ended For the year ended
Particulars
March 31, 2020 March 31, 2019
(a) Interest on
- Debentures* 1,087 1,568
- Term loans 3,588 3,492
- Working capital loans 2,668 1,113
(b) Other borrowing costs 623 510
(c) Net loss arising on financial assets and liabilities designated at FVTPL** - 2,516
Total 7,966 9,199

* The Company, vide letters dated February 4, 2019 has waived the right to receive interest of ` 1,025 Lakhs for the financial year 2018-19 on
investment in optionally convertible debentures and compulsory convertible debenutures of Kolte-Patil I-Ven Townships (Pune) Limited, a
subsidiary of the Company.

** The Company, in accordance with the requirements of the applicable accounting standards, has carried out a fair valuation of optionally
convertible redeemable preference shares and optionally convertible debentures issued by Kolte-Patil I-Ven Townships (Pune) Limited, a
subsidiary of the Company and the resultant loss of ` 2,731 Lakhs has been debited to the Statement of Profit and Loss.

NOTE 32 - OTHER EXPENSES (H in Lakhs)
For the year ended For the year ended
Particulars
March 31, 2020 March 31, 2019
(a) Advertisement, promotion & selling expenses 4,985 4,939
(b) Power and fuel consumed 143 157
(c) Rent including lease rentals (Refer note 40) 167 552
(d) Repairs and maintenance
- Buildings 19 25
- Machinery 7 11
- Others 994 882
(e) Insurance 178 126
(f) Rates and Taxes 563 529
(g) Communication 62 68
(h) Travelling and conveyance 636 476
(i) Printing & stationery 85 70
(j) Legal and professional fees 1,165 1,210
(k) Payment to auditors (Refer note 37) 127 152
(l) Expenditure on corporate social responsibility (Refer note 45) 404 218
(m) Loss on disposal/written off of property, plant and equipment - 11
(n) Bad debt written off - 357
(o) Miscellaneous expenses 914 1,281

Total 10,449 11,064

212 | Kolte-Patil Developers Limited