Page 271 - Tata_Chemicals_yearly-reports-2020-2021
P. 271

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


            33.  Other Expenses
                                                                                                        ` in crore
                                                                                        Year ended   Year ended
                                                                                     March 31, 2021 March 31, 2020
             (a)  Stores and spare parts consumed                                           279.06       258.39
             (b)  Packing materials consumed                                                227.39       196.06
             (c)  Power and fuel                                                           1,437.09     1,449.90
             (d)  Repairs  - Buildings                                                       18.47        18.52
                       -  Machinery                                                         392.88       417.65
                       - Others                                                               9.70         8.81
             (e)  Rent                                                                       51.92        58.92
             (f)  Royalty, rates and taxes                                                  282.66       339.77
             (g)  Distributor's service charges                                               2.38         6.04
             (h)  Sales promotion expenses                                                   81.22        84.69
             (i)  Insurance charges                                                          63.17        45.42
             (j)  Freight and forwarding charges                                           1,457.18     1,551.42
             (k)  Loss on assets sold, discarded or written off (net)                         5.79           -
             (l)  Bad debts written off                                                       0.17         6.92
             (m) Provision for doubtful debts, advances and other receivables (net)           8.12        14.32
             (n)  Foreign exchange loss (net)                                                23.88        22.25
             (o)  Director's fees and commission                                             11.08        11.12
             (p)  Others                                                                    550.34       573.61
                                                                                          4,902.50      5,063.81

            34.  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 and its Indian subsidiaries 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.
            35.   Income tax expense relating to continuing operations
                                                                                                        ` in crore
                                                                                        Year ended   Year ended
                                                                                     March 31, 2021 March 31, 2020
             (a) Tax expense
                    Current tax
                    In respect of the current year                                          225.79       266.33
                                                                                            225.79       266.33
                    Deferred tax
                     In respect of the current year (note 22)                               (28.02)      (46.68)
                                                                                            (28.02)      (46.68)
                    Total tax expense                                                       197.77       219.65













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