Page 313 - Tata_Chemicals_yearly-reports-2021-22

01 INTEGRATED 73 STATUTORY 178 FINANCIAL
STATEMENTS
REPORTS
REPORT
Consolidated

29. Changes in inventories of finished goods, work-in-progress and stock-in-trade
` in crore
Year ended Year ended
Particulars
March 31, 2022 March 31, 2021
Opening stock
Work-in-progress 115.12 129.41
Finished goods 676.88 664.10
Stock-in-trade 94.30 87.25
886.30 880.76
Closing stock
Work-in-progress 186.40 115.12
Finished goods 775.60 676.88
Stock-in-trade 51.36 94.30
1,013.36 886.30
Add: Exchange fluctuations 4.50 (1.55)
Total inventory change (122.56) (7.09)

30. Employee benefits expense
` in crore
Year ended Year ended
Particulars
March 31, 2022 March 31, 2021
(a) Salaries, wages and bonus 1,222.21 1,097.58
(b) Contribution to provident and other funds 148.72 141.14
(c) Staff welfare expense 169.07 161.02
1,540.00 1,399.74

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.

31. Finance costs
` in crore
Year ended Year ended
Particulars
March 31, 2022 March 31, 2021
(a) Interest costs
(i) Interest on loans at amortised cost 219.29 276.59
(ii) Interest on obligations under leases (note 39) 7.94 9.71
(b) Translation differences (footnote ‘i’) - (0.42)
(c) Discounting and other charges 75.61 81.49
302.84 367.37
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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