PRIVI SPECIALITY CHEMICALS LIMITED Annual Report 2020-21

115 Annual Report 2020-21 CORPORATE OVERVIEW STATUTORY REPORTS FINANCIAL STATEMENTS Particulars Year ended March 31, 2021 Year ended March 31, 2020 (Restated) 28 Other expenses Consumption of stores and spares 1,240.96 1,040.10 Power and fuel 6,961.95 6,021.22 Job work charges 2,160.03 2,748.61 Repairs and maintenance of: Buildings 414.58 369.68 Plant and machinery 817.43 868.01 Others 145.98 114.24 Contract labour charges 1,117.78 915.64 Lease expense (refer note 4a) 16.22 19.98 Research and development expense 615.38 682.83 Pollution control expenses 309.55 225.87 Other factory expenses 560.00 440.52 Insurance 1,364.74 1,941.94 Postage and telephone expense 70.36 58.76 Rates and taxes 57.78 139.19 Training expenses 9.93 24.32 Auditors remuneration: 'For audit 43.25 37.25 'For limited review 27.00 27.00 'Other services 3.90 3.50 Out of pocket expenses 2.06 2.23 Brokerage and commission 188.34 111.60 Printing and stationery 58.53 94.01 Freight outward 3,833.30 2,837.86 Selling and distribution 1,251.72 1,120.72 Legal and professional fees 1,285.47 1,411.55 Travelling and conveyance 366.25 661.68 Bank charges 184.54 303.55 CSR expenses* 240.08 113.97 Sundry balances w/off 117.45 29.53 Allowance for doubtful advances – 160.00 Miscellaneous expenses (net) 919.33 989.56 24,383.89 23,514.92 * Corporate Social Responsibility The Gross amount required to be spent by Company during the year towards Corporate Social Responsibility (CSR) as per provision of Section 135 of Companies Act, 2013 amounts to Rs. 162.87 lakhs (March 31, 2020 : Rs. 125.67 lakhs). Amount spent during the year on CSR activities in note 28 of the statement of Profit and loss as under : Particulars Year ended March 31, 2021 Year ended March 31, 2020 (Restated) Amount spend for the year Employee benefit expenses – – Expenses yet to incurred – – Other Expenses (Education, Environment, Health & Hygiene & Model village, water tank etc.) 240.08 113.97 240.08 113.97 In cash 240.08 113.97 Yet to be paid in cash – – 240.08 113.97 NOTES TO THE STANDALONE FINANCIAL STATEMENTS for the year ended March 31, 2021 (Currency: Indian Rupees in lakhs)