Page 193 - Tata_Chemicals_yearly-reports-2020-2021

Integrated Report Statutory Reports Financial Statements
1-59 60-146 Standalone

27. Changes in inventories of finished goods, work-in-progress and stock-in-trade
` in crore
Year ended Year ended
March 31, 2021 March 31, 2020
Opening stock
Work-in-progress 40.49 14.64
Finished goods 86.99 89.84
Stock in trade 12.43 51.85
139.91 156.33
Closing stock
Work-in-progress 29.55 40.49
Finished goods 56.20 86.99
Stock in trade 42.57 12.43
128.32 139.91
Less : Inventory on account of Discontinued operation (note 34) - 92.83
11.59 (76.41)

28. Employee benefits expense
` in crore
Year ended Year ended
March 31, 2021 March 31, 2020
(a) Salaries, wages and bonus 183.50 191.33
(b) Contribution to provident and other funds 30.95 15.56
(c) Staff welfare expense 35.97 43.39
250.42 250.28
Footnote:
The Indian Parliament has approved the Code on Social Security, 2020 which would impact the contributions by the company towards
Provident Fund and Gratuity. The Ministry of Labour and Employment has released draft rules for the Code on Social Security, 2020 on
November 13, 2020, and has invited suggestions from stakeholders which are under active consideration by the Ministry. The Company
will assess the impact and its evaluation once the subject rules are notified and will give appropriate impact in its Financial Statements in
the period in which, the Code becomes effective and the related rules to determine the financial impact are published.
29. Finance costs
` in crore
Year ended Year ended
March 31, 2021 March 31, 2020
(a) Interest costs
(i) Interest on loans at amortised cost 0.01 24.88
(ii) Interest on obligations under leases (note 37) 0.79 1.57
(b) Translation differences (footnote 'i') - 0.51
(c) Discount and other charges 17.94 16.41
18.74 43.37
Footnote:
(i) Translation differences on foreign currency loans regarded as borrowing cost net of changes in fair value of derivative contracts.

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